AAOI: financial statements from SEC — TradeAlmanac

AAOI

Applied Optoelectronics, Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31 Dec 2025	31 Dec 2024
Revenue	456M	249M
Cost of revenue	319M	188M
Gross profit	137M	62M
Research and development	86M	55M
Selling, general and administrative	76M	60M
Operating expenses	192M	133M
Operating income	−55M	−71M
Pre-tax income	−47M	−187M
Income tax	−8M	2,000
Net income	−38M	−187M
Earnings per share	−0.64	−4.50
Earnings per share, diluted	−0.64	−4.50
Weighted average shares	60M	42M
Weighted average shares, diluted	60M	42M

Balance sheet

Metric	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024
Cash and equivalents	440M	206M	137M	65M	51M	67M	34M	11M
Receivables	299M	244M	224M

Cash flow

Metric	31 Dec 2025	31 Dec 2024
Operating cash flow	−174M	−70M
Depreciation and amortisation	28M	21M
Share-based compensation	12M	15M
Capital expenditure	179M	43M
Investing cash flow	−211M	−51M
Financing cash flow	528M

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator