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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.

Revenue (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

Fiscal years, $M
Item20212022202320242025
Revenue212223218249456
Operating income−57−59−41−71−55
Net income−54−66−56−187−38
Free cash flow−20−17−17−113−354

Recent filings

From SEC EDGAR

Peers

Semiconductors & related devices