Applied Optoelectronics, Inc. (AAOI)

Applied Optoelectronics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	455.72	249.37	217.65	222.82	211.57
Revenue Growth (YoY)	82.75%	14.57%	-2.32%	5.32%	-9.83%
Cost of Revenue	318.8	187.57	158.73	189.19	173.85
Gross Profit	136.91	61.8	58.92	33.63	37.72
Selling, General & Admin	106.01	77.75	64.3	56.38	53.26
Research & Development	85.51	54.96	35.98	36.24	41.22
Total Operating Expenses	191.52	132.71	100.27	92.63	94.48
Operating Income	-54.6	-70.91	-41.35	-59	-56.77
Interest Income	1.79	0.87	0.61	0.13	0.07
Interest Expense	-3.5	-6.83	-9.43	-6.32	-5.62
Other Non-Operating Income (Expense)	9.6	-109.87	-5.87	-1.21	8.16
Total Non-Operating Income (Expense)	7.9	-115.82	-14.69	-7.4	2.61
Pretax Income	-46.7	-186.73	-56.04	-66.4	-54.16
Provision for Income Taxes	-8.48	0	0.01	0	0
Net Income	-38.23	-186.73	-56.05	-66.4	-54.16
Net Income to Common	-38.23	-186.73	-56.05	-66.4	-54.16
Shares Outstanding (Basic)	60	42	32	28	27
Shares Outstanding (Diluted)	60	42	32	28	27
Shares Change (YoY)	44.89%	30.03%	14.72%	3.47%	23.07%
EPS (Basic)	-0.64	-4.50	-1.75	-2.38	-2.01
EPS (Diluted)	-0.64	-4.50	-1.75	-2.38	-2.01
Free Cash Flow	-353.58	-112.93	-8.59	-17.23	-19.63
Free Cash Flow Per Share	-5.87	-2.72	-0.27	-0.62	-0.73
Gross Margin	30.04%	24.78%	27.07%	15.09%	17.83%
Operating Margin	-11.98%	-28.44%	-19.00%	-26.48%	-26.83%
Profit Margin	-8.39%	-74.88%	-25.75%	-29.80%	-25.60%
FCF Margin	-77.59%	-45.29%	-3.95%	-7.73%	-9.28%
EBITDA	-26.91	-50.26	-20.92	-35.8	-31.4
EBITDA Margin	-5.90%	-20.15%	-9.61%	-16.07%	-14.84%
EBIT	-54.6	-70.91	-41.35	-59	-56.77
EBIT Margin	-11.98%	-28.44%	-19.00%	-26.48%	-26.83%
Effective Tax Rate	18.15%	-0.00%	-0.02%	-0.00%	-0.00%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q