Stocktoria
APPLIED OPTOELECTRONICS, INC. AAOI
APPLIED OPTOELECTRONICS, INC. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $455.7M | $249.4M | $217.6M | $222.8M | $211.6M | $234.6M | $190.9M | $267.5M | $382.3M | $260.7M |
| Gross profit | $136.9M | $61.8M | $58.9M | $33.6M | $37.7M | $50.5M | $46.2M | $87.8M | $166.3M | $87.0M |
| R&D expense | $85.5M | $55.0M | $36.0M | $36.2M | $41.2M | $43.4M | $43.4M | $49.9M | $35.4M | $31.8M |
| Operating income | -$54.6M | -$70.9M | -$41.3M | -$59.0M | -$56.8M | -$48.8M | -$48.7M | -$10.8M | $87.0M | $23.0M |
| Interest expense | — | — | $9.4M | $6.3M | $5.6M | $5.6M | $5.4M | $1.1M | $858,000 | $1.7M |
| Income tax | -$8.5M | $2,000 | $9,000 | $1,000 | $2,000 | $7.2M | $14.7M | -$7.6M | $10.6M | -$10.2M |
| Net income | -$38.2M | -$186.7M | -$56.0M | -$66.4M | -$54.2M | -$58.5M | -$66.0M | -$2.1M | $74.0M | $31.2M |
| EPS (diluted) | $-0.64 | $-4.50 | $-1.75 | $-2.38 | $-2.01 | $-2.67 | $-3.31 | $-0.11 | $3.67 | $1.76 |
| Operating cash flow | -$174.4M | -$69.5M | -$7.9M | -$14.0M | -$11.6M | -$44.0M | -$1.8M | $14.0M | $84.3M | $57.1M |
| Free cash flow | -$353.6M | -$112.9M | -$17.0M | -$17.2M | -$19.6M | -$59.8M | -$30.5M | -$57.8M | $17.3M | $7.7M |
| Cash & equivalents | $206.1M | $67.4M | $45.4M | $24.7M | $34.7M | $43.4M | $60.0M | $55.6M | $82.9M | $50.2M |
| Inventory | $183.1M | $88.1M | $63.9M | $79.7M | $92.5M | $110.4M | $85.0M | $93.3M | $75.8M | $51.8M |
| Total assets | $1.2B | $547.0M | $389.2M | $408.3M | $454.5M | $480.8M | $466.8M | $466.8M | $452.9M | $322.3M |
| Total liabilities | $434.5M | $317.9M | $174.3M | $223.6M | $199.9M | $202.9M | $193.0M | $137.7M | $119.7M | $94.9M |
| Shareholders' equity | $733.9M | $229.1M | $214.9M | $184.7M | $254.6M | $277.9M | $273.8M | $329.1M | $333.3M | $227.4M |
Growth · year-over-year · Revenue CAGR 6.4%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +82.8% | +14.6% | -2.3% | +5.3% | -9.8% | +22.9% | -28.6% | -30.0% | +46.6% | +37.3% |
| Net income growth | — | — | — | — | — | — | — | -102.9% | +136.8% | +189.4% |
| EPS growth | — | — | — | — | — | — | — | -103.0% | +108.5% | +170.8% |
| Free cash flow growth | — | — | — | — | — | — | — | -433.9% | +126.0% | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.