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Applied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers. It sells its products to internet data center operators, cable television, telecom equipment manufacturers, fiber-to-the-home, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $456M | $-16M | $-38M | $-354M | -5.2% | 82.8% | -79.5% |
| 2024 | $249M | $-159M | $-187M | $-113M | -81.5% | 14.6% | 233.2% |
| 2023 | $218M | $-26M | $-56M | $-18M | -26.1% | -2.3% | -15.6% |
| 2022 | $223M | $-37M | $-66M | $-18M | -36.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 455.72 |
| Operating Revenue | 455.72 |
| Cost Of Revenue | 318.80 |
| Gross Profit | 136.91 |
| Operating Expense | 186.65 |
| Research And Development | 85.51 |
| Selling General And Administration | 106.01 |
| Total Expenses | 505.45 |
| Operating Income | -49.74 |
| Total Operating Income As Reported | -54.60 |
| EBITDA | -15.51 |
| Normalized EBITDA | -17.51 |
| EBIT | -43.21 |
| Interest Income | 1.79 |
| Interest Expense | 3.50 |
| Net Interest Income | -1.70 |
| Other Non Operating Income Expenses | 2.74 |
| Other Income Expense | 4.74 |
| Interest Income Non Operating | 1.79 |
| Interest Expense Non Operating | 3.50 |
| Net Non Operating Interest Income Expense | -1.70 |
| Pretax Income | -46.70 |
| Tax Provision | -8.48 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.36 |
| Net Income Continuous Operations | -38.23 |
| Net Income From Continuing And Discontinued Operation | -38.23 |
| Net Income From Continuing Operation Net Minority Interest | -38.23 |
| Net Income | -38.23 |
| Net Income Common Stockholders | -38.23 |
| Net Income Including Noncontrolling Interests | -38.23 |
| Normalized Income | -39.86 |
| Diluted NI Availto Com Stockholders | -38.23 |
| Basic Average Shares | 60.18 |
| Diluted Average Shares | 60.18 |
| Reconciled Depreciation | 27.70 |
| Reconciled Cost Of Revenue | 318.80 |
| Total Unusual Items | 2 |
| Total Unusual Items Excluding Goodwill | 2 |
| Special Income Charges | -0.04 |
| Other Special Charges | - |
| Gain On Sale Of Security | 2.04 |
| General And Administrative Expense | 75.74 |
| Other Gand A | 75.74 |
| Gain On Sale Of Ppe | -0.04 |
| Other Operating Expenses | -4.87 |
| Selling And Marketing Expense | 30.27 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc.this co. | AAOI | $16.3B | -425.88 | 22.18 | -5.2% | -1052.31 |
| TTM Technologies, Inc. | TTMI | $19.2B | 108.18 | 10.89 | 10.1% | 48.96 |
| DigitalOcean Holdings, Inc. | DOCN | $18.8B | 72.66 | -656.60 | -903.7% | 55.75 |
| SiTime Corporation | SITM | $18.7B | -434.98 | 16.14 | -3.7% | -922.21 |
| Rambus Inc. | RMBS |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $18.3B |
| 79.46 |
| 13.42 |
| 16.9% |
| 55.81 |
| Vicor Corporation | VICR | $14.0B | 117.69 | 19.61 | 16.7% | 132.12 |
| Applied Digital Corporation | APLD | $12.6B | -54.60 | 25.35 | -46.4% | -291.51 |
| Cipher Digital Inc. | CIFR | $10.5B | - | 12.97 | -102.1% | - |
| D-Wave Quantum Inc. | QBTS | $10.2B | -28.84 | 12.01 | -41.7% | -27.66 |
| Peer Median | - | 72.66 | 13.20 | -22.7% | 48.96 | |