FY2025 · ended Dec 31, 2025 · Revenue $455.71M, +82.8% YoY · Filed Feb 26, 2026
Applied Optoelectronics, Inc. (AAOI) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $455.7 million and a net loss of $38.2 million. Free cash flow was -$353.6 million. As of Sep 30, 2026 it held $605.4 million in cash and investments and $169.9 million in total debt.
Revenue (TTM)
$747.22M
+77.2% vs year-ago TTM
Net income (TTM)
$-32.78M
+79.0% vs year-ago TTM
Operating cash flow (TTM)
$-106.23M
+37.3% vs year-ago TTM
Free cash flow
$-353.58M
-213.1% vs prior year
EPS (TTM)
$-0.42
+85.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
75.20M
+51.5% vs prior year
Net cash
$435.55M
as of Sep 30, 2026
Operating margin
-6.8%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- AAOI (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Sugar Land, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1158114
- Former names
- APPLIED OPTOELECTRONICS INC (until Sep 18, 2012)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $455.7M | $249.4M | $217.6M | $222.8M | $211.6M |
| Operating income | -$54.6M | -$70.9M | -$41.3M | -$59.0M | -$56.8M |
| Net income | -$38.2M | -$186.7M | -$56.0M | -$66.4M | -$54.2M |
| Diluted EPS | -$0.64 | -$4.50 | -$1.75 | -$2.38 | -$2.01 |
| Operating cash flow | -$174.4M | -$69.5M | -$7.9M | -$14.0M | -$11.6M |
| Free cash flow | -$353.6M | -$112.9M | -$17.0M | -$17.2M | -$19.6M |
| Total assets | $1.2B | $547.0M | $389.2M | $408.3M | $454.5M |
| Total liabilities | $434.5M | $317.9M | $174.3M | $223.6M | $199.9M |
| Stockholders' equity | $733.9M | $229.1M | $214.9M | $184.7M | $254.6M |
| Cash and investments | $206.1M | $67.4M | $45.4M | $24.7M | $34.7M |
| Total debt | $84.9M | $37.1M | $29.1M | $63.7M | $63.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 5, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 5, 2026 | Nov 5, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Nov 4, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Sep 15, 2026 | Sep 10, 2026 |
| 8-K |
Current report
Material agreement
|
Sep 10, 2026 | Sep 4, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Sep 1, 2026 | Aug 31, 2026 |
All 1000 Applied Optoelectronics, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.