Applied Optoelectronics, Inc. (AAOI)
NASDAQ: AAOI · Real-Time Price · USD
50.13
+3.24 (6.91%)
At close: Nov 6, 2026, 4:00 PM EST
50.09
-0.04 (-0.08%)
After-hours: Nov 6, 2026, 7:59 PM EST
Applied Optoelectronics Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -32.78 | -38.23 | -186.73 | -56.05 | -66.4 | -54.16 |
Depreciation & Amortization | 42.66 | 27.7 | 20.65 | 20.43 | 23.2 | 25.37 |
Other Amortization | - | - | - | - | 0.9 | 0.87 |
Loss (Gain) From Sale of Assets | 0.72 | 0.04 | 0.13 | 0.05 | -0.05 | 0 |
Stock-Based Compensation | 17.81 | 11.71 | 14.79 | 11.88 | 9.6 | 12.12 |
Provision & Write-off of Bad Debts | 0.05 | 0 | -0 | -0.02 | -0 | -0.03 |
Other Operating Activities | 1.2 | 0.3 | 117.52 | 9.72 | 6.82 | -1.77 |
Change in Accounts Receivable | -190.17 | -127.6 | -68.51 | 13.21 | -12.75 | -7.02 |
Change in Inventory | -202.73 | -100.72 | -29.41 | 6.79 | 1.15 | 15.79 |
Change in Accounts Payable | 341.26 | 38.96 | 72.08 | -14.95 | 12.97 | 7.07 |
Change in Unearned Revenue | - | - | -1.8 | -1.2 | - | - |
Change in Income Taxes | - | - | - | - | 0 | 0 |
Change in Other Net Operating Assets | -84.24 | 13.41 | -8.23 | 2.21 | 10.54 | -9.88 |
Operating Cash Flow | -106.23 | -174.43 | -69.53 | -7.93 | -14.02 | -11.64 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,194 | -210.23 | -50.2 | -14.31 | -3.74 | -10.2 |
Sale of Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.14 | 0.4 | 0.11 |
Sale (Purchase) of Intangibles | -0.55 | -0.38 | -0.51 | -0.59 | -0.5 | -0.46 |
Investing Cash Flow | -1,194 | -210.6 | -50.7 | -14.76 | -3.83 | -10.55 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 121.41 | 44.15 | 57.06 | 45.67 | 24.62 |
Long-Term Debt Issued | - | 61.2 | 48.68 | 141.29 | 143.26 | 122.94 |
Total Debt Issued | 269.22 | 182.61 | 92.83 | 198.34 | 188.93 | 147.56 |
Short-Term Debt Repaid | - | -108.03 | -40.17 | -53.75 | -40.57 | -32.47 |
Long-Term Debt Repaid | - | -55.09 | -49.65 | -172.07 | -138.39 | -115.45 |
Total Debt Repaid | -187.66 | -163.12 | -89.82 | -225.82 | -178.96 | -147.91 |
Net Debt Issued (Repaid) | 81.56 | 19.48 | 3.01 | -27.47 | 9.97 | -0.36 |
Issuance of Common Stock | 1,767 | 518.91 | 146.29 | 69.01 | 1.24 | 15.41 |
Repurchase of Common Stock | -77.3 | -10.45 | -4.33 | -0.96 | -0.45 | -0.96 |
Other Financing Activities | 0.08 | - | -2.79 | - | - | - |
Financing Cash Flow | 1,771 | 527.94 | 142.18 | 40.58 | 10.75 | 14.09 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 0.1 | -6.01 | 2.08 | 1.62 | 1.55 | -0.88 |
Net Cash Flow | 470.74 | 136.9 | 24.04 | 19.51 | -5.55 | -8.98 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,300 | -384.66 | -119.72 | -22.24 | -17.76 | -21.85 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -174.00% | -84.41% | -48.01% | -10.22% | -7.97% | -10.33% |
Free Cash Flow Per Share | -16.59 | -6.39 | -2.88 | -0.70 | -0.64 | -0.81 |
Levered Free Cash Flow | -1,309 | -383.9 | -96.63 | 2.1 | 7.67 | -2.98 |
Unlevered Free Cash Flow | -1,307 | -381.71 | -92.37 | 7.99 | 10.71 | -0.33 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 4.68 | 2.48 | 4.94 | 8.1 | 5.14 | 4.9 |
Cash Income Tax Paid | 0 | 0 | 0 | 0.01 | - | 0 |
Change in Working Capital | -135.88 | -175.95 | -35.88 | 6.06 | 11.91 | 5.96 |