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Applied Optoelectronics, Inc. (AAOI)
NASDAQ: AAOI · Real-Time Price · USD
49.89
-2.96 (-5.60%)
At close: Nov 13, 2026, 4:00 PM EST
48.49
-1.40 (-2.81%)
After-hours: Nov 13, 2026, 7:59 PM EST

Applied Optoelectronics Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
6.3-22.78-14.28-2.02-17.94-9.1-9.17-119.69-17.76-26.12-23.17-13.86-8.95-16.95-16.29-20.25-15.63-14.46-16.06-14.54
Depreciation & Amortization
14.7210.59.238.217.376.45.735.365.235.0754.934.985.195.335.55.75.896.116.18
Other Amortization
----------0.320.321.380.310.310.310.260.220.210.210.22
Loss (Gain) From Sale of Assets
0.470.230.020.010.0200.010.10.03000.05-0.0100-0.0100-0.04-0
Stock-Based Compensation
5.694.864.392.873.123.162.562.952.946.062.843.33.243.062.292.362.632.142.473.2
Provision & Write-off of Bad Debts
-0.040.01-000--1.8-0.031.84-00-0.01-0.030.010.01-0-0-0-0.03
Other Operating Activities
1.44-0.755.41-4.897.14-3.861.91114.12-0.652.022.030.542.992.361.520.522.530.743.030.18
Change in Accounts Receivable
-100.15-15.21-54.44-20.37-12.58-40.35-54.3-39.63-17.46-2.02-9.412.68-18.1514.234.37-15.01-3.686.16-0.22-6.12
Change in Inventory
-92.53-68.76-25.33-16.11-33.56-34.85-16.19-26.65-8.34-1.717.293.87-4.06-0.427.413.88-1.2-9.55-1.982.24
Change in Accounts Payable
205.32137.934.23-6.2117.188.119.948.9822.479.88-9.25-1.96-0.26-3.31-9.432.19-0.1811.37-0.418.22
Change in Unearned Revenue
--------1.44-0.13-0.12-0.11-10.690.788.96-0.24-----
Change in Income Taxes
------------0--0--0-000
Change in Other Net Operating Assets
-44.12-34.49-14.588.950.795.03-1.35-6.9-0.753.43-4.011.313.791.85-4.667.070.44-0.253.280.2
Operating Cash Flow
-2.8711.57-85.35-29.58-28.46-65.47-50.92-24.62-14.44-1.99-28.481.55-15.3515.26-9.39-3.48-9.192.25-3.6-0.26
Operating Cash Flow Growth (YoY)
-------------577.23%---578.61%--

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-475.64-575.23-58.23-84.83-50.35-46.66-28.39-29.15-9.13-3.98-7.95-9.45-3.14-0.99-0.74-0.8-1.06-0.83-1.05-2.51
Sale of Property, Plant & Equipment
-0-0.01---0.01---00.0700.070.29-00.120
Sale (Purchase) of Intangibles
-0.19-0.14-0.12-0.11-0.13-0.08-0.07-0.13-0.14-0.11-0.12-0.16-0.18-0.14-0.11-0.11-0.15-0.13-0.11-0.13
Other Investing Activities
-9.74-9.74--7.85-7.85-------------
Investing Cash Flow
-475.82-565.63-68.09-84.93-50.48-38.89-36.3-29.27-9.27-4.08-8.07-9.6-3.25-1.13-0.78-0.62-1.2-0.96-1.05-2.64

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
--35.23---23.87---10.18---18.97---9.69-
Long-Term Debt Issued
--16.35---6.55---8---19.48---41.4-
Total Debt Issued
109.3765.6251.5842.6562.3347.2230.4132.3624.1818.1218.17109.1816.0134.738.4651.5340.5445.7751.0826.93
Short-Term Debt Repaid
---33.45----19.18----14.91----12.29----7.97-
Long-Term Debt Repaid
---9.58----11.2----7.49----25.41----39.24-
Total Debt Repaid
-55.58-51.02-43.03-38.04-55.5-39.21-30.38-29.17-12.97-25.28-22.4-114.27-16.48-57.37-37.7-47.25-37.09-47.42-47.21-31.55
Net Debt Issued (Repaid)
53.7914.68.554.616.828.010.043.1911.2-7.15-4.23-5.09-0.47-22.670.764.283.46-1.653.88-4.62
Issuance of Common Stock
562.44645.76382.45176.35146.79124.1171.6787.838.5516.123.8336.6922.039.880.4110.24---
Repurchase of Common Stock
-4.86-69.43-1.74-1.27-1.36-6.14-1.69-1.28-0.38-1.66-1.01-0.32-0.48-0.08-0.08-0.12-0.11-0.09-0.14-0.27
Other Financing Activities
-0.08------0--2.79-0.01-0.01-------
Financing Cash Flow
611.37591.01389.27179.69152.26125.9870.0189.7149.374.51-1.4231.321.06-12.871.095.173.59-1.733.74-4.89

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-19.9822.42-2.480.13-9.79-1.234.881.94-0.410.270.280.610.160.410.45-0.050.730.98-0.110.02
Net Cash Flow
112.759.38233.3465.3263.5220.38-12.3237.7725.25-1.29-37.6923.862.631.66-8.641.01-6.080.54-1.03-7.76

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
-478.51-563.66-143.58-114.41-78.82-112.13-79.3-53.76-23.57-5.96-36.43-7.9-18.4914.27-10.13-4.28-10.241.42-4.66-2.77
Free Cash Flow Growth (YoY)
-------------903.38%------
Free Cash Flow Margin
-177.31%-293.69%-94.99%-85.20%-66.44%-108.92%-79.42%-53.62%-36.17%-13.78%-89.57%-13.06%-29.55%34.29%-19.09%-6.96%-18.07%2.72%-8.91%-5.09%
Free Cash Flow Per Share
-5.45-6.91-1.89-1.63-1.25-1.98-1.58-1.17-0.56-0.15-0.95-0.22-0.560.48-0.35-0.15-0.370.05-0.17-0.10
Levered Free Cash Flow
-495.25-559.79-143.58-110.67-73.01-118.32-81.9-55.22-20.155.78-27.032.36-18.9224.4-3.440.92-3.0710.51-0.690.59
Unlevered Free Cash Flow
-494.49-559.21-143.05-110.14-72.44-117.81-81.32-54.13-19.097.15-26.32.94-17.9925.45-2.411.84-2.2711.17-0.031.29

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
2.640.131.820.12.110.170.112.310.112.470.062.042.441.312.30.282.250.212.410.21
Cash Income Tax Paid
0-00---00---0.01-------
Change in Working Capital
-31.4819.47-90.12-33.74-28.18-62.08-51.95-25.64-4.29.46-15.495.21-17.921.31-2.568.13-4.637.730.674.54
SEC Filings: 10-K · 10-Q