APPLIED OPTOELECTRONICS, INC.

Listed Company

AAOICIK 0001158114NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$455.71M

Net Income

$-38.23M

Total Assets

$1.17B

Equity

$733.92M

Shares Out

80.24M

Op. Cash Flow

$-174.43M

AAOI$122.82+359.83% · past yearDBEQ Basic

Daily closing prices

Business

Applied Optoelectronics, Inc. is a vertically integrated designer and manufacturer of fiber-optic networking products for internet data centers, cable television, telecommunications, and fiber-to-the-home markets. The company produces optical communications solutions ranging from laser components and subassemblies to complete turnkey equipment, leveraging proprietary MBE and MOCVD laser fabrication processes. AOI operates manufacturing facilities in the U.S., Taiwan, and China, serving hyperscale data center operators, CATV equipment vendors and service providers, telecom network equipment manufacturers, and telecom service providers through direct and indirect sales channels.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue, net	456	249	218	223	212
Cost of goods sold	319	188	159	189	174
Gross profit	137	62	59	34	38
Research and development	86	55	36	36	41
Sales and marketing	30	18	11	10	11
General and administrative	76	60	53	47	42
Total operating expenses	192	133	100	93	94
Loss from operations	−55	−71	−41	−59	−57
Interest income	2	874,000	609,000	126,000	70,000
Interest expense	−3	−7	−9	−6	—
Other income (expense), net	10	−110	−6	−1	8
Total other income (expense), net	8	−116	−15	−7	3
Loss before income taxes	−47	−187	−56	−66	−54
Income tax benefit (expense)	8	−2,000	−9,000	−1,000	−2,000
Net loss	−38	−187	−56	−66	−54
Basic (in dollars per share)	−0.64	−4.5	−1.75	−2.38	−2.01
Diluted (in dollars per share)	−0.64	−4.5	−1.75	−2.38	−2.01
Basic (in shares)	60	42	32	28	27
Diluted (in shares)	60	42	32	28	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	206	67	45	25	35
Restricted cash	10	12	10	11	6
Accounts receivable, net	244	117	48	61	48
Inventories	183	88	64	80	93
Prepaid expenses and other current assets	32	17	5	6	4
Total current assets	676	301	173	183	194
Property, plant and equipment, net	376	219	200	210	243
Land use rights, net	5	5	5	5	6
Operating right of use asset	50	10	5	6	7
Intangible assets, net	4	4	4	4	4
Other assets, net	59	8	3	386,000	518,000
TOTAL ASSETS	1,168	547	389	408	454
Accounts payable	144	105	33	48	34
Bank acceptance payable	33	19	15	12	8
Accrued liabilities	42	22	19	17	16
Current lease liability - operating	4	1	1	1	1
Current portion of notes payable and long-term debt	34	22	23	57	—
Total current liabilities	257	170	93	139	109
Convertible senior notes	130	134	76	80	79
Non-current lease liability - operating	47	9	5	6	7
Long-term debt	0	4	0	0	5
TOTAL LIABILITIES	435	318	174	224	200
Commitments and contingencies ( Note T)	—	—	—	—	—
Preferred Stock: 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	0	0	0	0	0
Common Stock; 120,000 shares authorized at $0.001 par value, 74,998 shares issued and outstanding at December 31, 2025; 80,000 shares authorized at $0.001 par value and, 49,393 shares issued at December 31, 2024, respectively	75,000	49,000	38,000	29,000	27,000
Additional paid-in capital	1,225	683	479	392	381
Accumulated other comprehensive loss	−617,000	−3	975,000	2	16
Accumulated deficit	−490	−452	−265	−209	−143
TOTAL STOCKHOLDERS' EQUITY	734	229	215	185	255
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,168	547	389	408	454

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Allowance for credit losses	4,000	−2,000	−24,000	−3,000	−32,000
Inventory reserve adjustment	8	3	9	—	—
Depreciation and amortization	28	21	20	23	25
Amortization of debt issuance cost and premium	−1	1	2	—	—
Gain on disposal of assets	38,000	132,000	51,000	−47,000	1,000
Share-based compensation	12	15	12	10	12
Deferred income tax	−8	0	0	—	—
Loss on debt extinguishment	0	112	0	0	−6
Warrants contra revenue	823,000	0	0	—	—
Unrealized foreign exchange loss (gain)	272,000	689,000	−1	2	645,000
Accounts receivable, trade	−128	−69	13	−13	−7
Inventories	−101	−29	7	1	16
Other current assets	−14	−12	1	−2	867,000
Operating right of use asset	−41	−5	530,000	888,000	848,000
Accounts payable	39	72	−15	13	7
Accrued liabilities	27	4	1	5	−3
Unearned Revenue	0	−2	−1	0	—
Lease liability	41	5	−660,000	−969,000	−918,000
Net cash provided by (used in) operating activities	−174	−70	−8	−14	−12
Purchase of property, plant and equipment	−179	−43	−9	−3	−8
Proceeds from disposal of equipment	5,000	7,000	135,000	403,000	114,000
Deposits and prepayment for equipment	−31	−7	−5	−529,000	−2
Purchase of intangible assets	−379,000	−506,000	−588,000	−498,000	−457,000
Net cash used in investing activities	−211	−51	−15	−4	−11
Proceeds from line of credit borrowings	61	49	58	143	123
Repayments of line of credit borrowings	−55	−45	−172	−131	−111
Proceeds from bank acceptance payable	121	44	57	46	25
Repayments of bank acceptance payable	−108	−40	−54	−41	−32
Payment on issuance convertible Notes	−81,000	−5	0	0	—
Process from issuance of convertible senior notes, net of debt issuance cost	0	0	84	0	0
Principal payments of financing lease	0	0	−63,000	−19,000	−18,000
Exercise of stock options	0	−2,000	22,000	0	—
Payments of tax withholding on behalf of employees related to share-based compensation	−10	−4	−956,000	−454,000	−961,000
Proceeds from common stock offering, net	519	146	69	1	15
Net cash provided by financing activities	528	142	41	11	14
Net increase (decrease) in cash, cash equivalents and restricted cash	137	24	20	−6	−9
Effect of exchange rate changes on cash	−6	2	2	2	−876,000
Interest	2	5	8	5	5
U.S. Federal	0	0	0	—	—
U.S. State and Local	2,000	2,000	1,000	—	—
Foreign	0	0	8,000	—	—
Net change in accounts payable related to property and equipment additions	5	1	1	−164,000	−4
Net change in deposits and prepaid for equipment related to property and equipment additions	−16	79,000	−1	67,000	84,000

Filings

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Frequently asked questions

What is APPLIED OPTOELECTRONICS, INC.'s CIK number?

APPLIED OPTOELECTRONICS, INC.'s SEC CIK number is 0001158114 (1158114). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find APPLIED OPTOELECTRONICS, INC.'s SEC filings?

All of APPLIED OPTOELECTRONICS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did APPLIED OPTOELECTRONICS, INC. last report earnings?

APPLIED OPTOELECTRONICS, INC. (AAOI) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001683168-26-003562). This is APPLIED OPTOELECTRONICS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is APPLIED OPTOELECTRONICS, INC.'s most recent earnings 8-K?

APPLIED OPTOELECTRONICS, INC.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001683168-26-003562. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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