Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Applied Optoelectronics Inc. Revenue & Financial Statements
Applied Optoelectronics Inc. reported revenue of $455.7M for the fiscal year ended December 31, 2025, up 82.8% year over year, with net income of $(38.2M) and diluted EPS of $-0.64.
- Company
- Applied Optoelectronics Inc. AAOI · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 211.6M | 222.8M | 217.6M | 249.4M | 455.7M |
| Cost of revenue | 173.8M | 189.2M | 158.7M | 187.6M | 318.8M |
| Gross profit | 37.7M | 33.6M | 58.9M | 61.8M | 136.9M |
| Operating income | (56.8M) | (59.0M) | (41.3M) | (70.9M) | (54.6M) |
| Pretax income | (21.2M) | (45.4M) | (52.9M) | (181.7M) | 35.0M |
| Net income | (54.2M) | (66.4M) | (56.0M) | (186.7M) | (38.2M) |
| Diluted EPS | -2.01 | -2.38 | -1.75 | -4.50 | -0.64 |
| EBITDA | (32.0M) | (36.4M) | (21.6M) | (50.7M) | (26.9M) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40.7M | 43.3M | 65.2M | 100.3M | 99.9M | 103.0M | 118.6M | 134.3M |
| Cost of revenue | 33.1M | 33.7M | 49.2M | 71.5M | 69.3M | 71.8M | 85.4M | 92.3M |
| Gross profit | 7.6M | 9.6M | 15.9M | 28.7M | 30.5M | 31.2M | 33.3M | 41.9M |
| Operating income | (21.6M) | (26.2M) | (16.5M) | (6.5M) | (8.9M) | (16.0M) | (18.2M) | (11.5M) |
| Pretax income | (23.2M) | (26.1M) | (17.8M) | (119.7M) | (9.2M) | (9.1M) | (17.9M) | (10.5M) |
| Net income | (23.2M) | (26.1M) | (17.8M) | (119.7M) | (9.2M) | (9.1M) | (17.9M) | (2.0M) |
| Diluted EPS | -0.60 | -0.66 | -0.42 | -2.82 | -0.18 | -0.16 | -0.28 | 0.00 |
| EBITDA | (16.7M) | (21.2M) | (11.4M) | (1.3M) | (3.3M) | (9.7M) | (10.9M) | (3.3M) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 454.5M | 408.3M | 389.2M | 547.0M | 1.2B |
| Current assets | 194.1M | 183.2M | 172.6M | 301.3M | 675.7M |
| Cash & equivalents | 34.7M | 24.7M | 45.4M | 67.4M | 206.1M |
| Total liabilities | 199.9M | 223.6M | 174.3M | 317.9M | 434.5M |
| Current liabilities | 109.0M | 138.6M | 93.4M | 170.1M | 257.3M |
| Long-term debt | 5.0M | 0 | 0 | 4.3M | 0 |
| Total debt | 54.7M | 57.1M | 23.2M | 26.7M | 34.0M |
| Stockholders’ equity | 254.6M | 184.7M | 214.9M | 229.1M | 733.9M |
| Net debt | 20.0M | 32.4M | (22.2M) | (40.7M) | (172.2M) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | (11.6M) | (14.0M) | (7.9M) | (69.5M) | (174.4M) |
| Investing cash flow | (10.5M) | (3.8M) | (14.8M) | (50.7M) | (210.6M) |
| Financing cash flow | 14.1M | 10.8M | 40.6M | 142.2M | 527.9M |
| Capital expenditure | 8.0M | 3.2M | 9.1M | 43.4M | 179.1M |
| Free cash flow | (19.6M) | (17.2M) | (17.0M) | (112.9M) | (353.6M) |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 12.1M | 9.6M | 11.9M | 14.8M | 11.7M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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