Applied Optoelectronics financials
$100.67+3.98%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Gross margin | 30.0% | 24.8% | 27.1% | 15.1% | 17.8% | 21.5% | 24.2% | 32.8% | 43.5% | 33.4% |
| Operating income | -$54.6M | -$70.9M | -$41.3M | -$59.0M | -$56.8M | -$48.8M | -$48.7M | -$10.8M | $87.0M | $23.0M |
| Net income | -$38.2M | -$186.7M | -$56.0M | -$66.4M | -$54.2M | -$58.5M | -$66.0M | -$2.1M | $74.0M | $31.2M |
| Net margin | −8.4% | −74.9% | −25.8% | −29.8% | −25.6% | −24.9% | −34.6% | −0.8% | 19.3% | 12.0% |
| Diluted EPS | $-0.64 | $-4.50 | $-1.75 | $-2.38 | $-2.01 | $-2.67 | $-3.31 | $-0.11 | $3.67 | $1.76 |
| EBITDA | -$26.9M | -$50.3M | -$20.9M | -$35.8M | -$31.4M | -$24.1M | -$24.7M | $18.9M | $107.3M | $37.2M |
| 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 |
| Diluted shares | 60.2M | 41.5M | 31.9M | 27.8M | 26.9M | 21.9M | 20.0M | 19.6M | 20.1M | 17.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $206.1M | $67.4M | $45.4M | $24.7M | $34.7M | $43.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $163.8M | $161.2M | $115.2M | $136.6M | $133.5M | $130.1M |
| Total assets | $1.17B | $547.0M | $389.2M | $408.3M | $454.5M | $480.8M |
| Total liabilities | $434.5M | $317.9M | $174.3M | $223.6M | $199.9M | $202.9M |
| Shareholders' equity | $733.9M | $229.1M | $214.9M | $184.7M | $254.6M | $277.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology