NASDAQ:AAOI
Applied Optoelectronics, Inc.
Applied Optoelectronics, Inc.'s revenue grew 82.8% in fiscal 2025 to $455.7M while operating margin rose to −12.0%. Free cash flow was −$353.6M, −77.6% of revenue, and the diluted share count rose 44.9%.Summary generated from Applied Optoelectronics, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$455.7M
Revenue growth+82.8%
Revenue, 5-yr CAGR+14.2%
Gross margin30.0%
Operating margin−12.0%
Net margin−8.4%
ROIC−11.5%
Return on equity−7.9%
Debt / equity0.05
Free cash flow−$353.6M
FCF margin−77.6%
Share count change+44.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 212 | 223 | 218 | 249 | 456 |
| Operating income | −57 | −59 | −41 | −71 | −55 |
| Net income | −54 | −66 | −56 | −187 | −38 |
| Free cash flow | −20 | −17 | −17 | −113 | −354 |
Recent filings
- 4Insider transaction report
Oct 7, 2026 - 4Insider transaction report
Sep 17, 2026 - 8-KEntry into a material agreement
Sep 15, 2026 - 8-KEntry into a material agreement
Sep 10, 2026 - 8-KEntry into a material agreement
Sep 1, 2026 - 8-KEntry into a material agreement
Aug 24, 2026 - 8-KEntry into a material agreement
Aug 21, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026