Search AAOI
APPLIED OPTOELECTRONICS, INC.
Nasdaq · CIK 1158114
Last close115.59
Daily change+8.27 (7.71%)
10 Years gain+439.13%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
AAOI · STANDARD
SIC 3674 · Semiconductors & Related Devices · Fiscal year end 1231
Fundamental
61.1Momentum
100.0Acceleration
100.0Confidence
77.0Annual Revenue15
Quarterly Revenue65
Annual CFO11
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth24.4 / 25
Quality18.7 / 25
Capital Efficiency0.0 / 20
Balance Sheet15.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 3.0578 percentage points.
Operating leverageOperating margin improved by 16.7428 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Warnings
Inventory anomaly · MEDIUMInventory growth is materially above revenue growth.
Heavy share dilution · HIGHDiluted share count increased 63.0023%.
Key Metrics
Revenue Growth TTM126.81%OK
Revenue CAGR 3Y26.93%OK
Gross Margin28.61%OK
Operating Margin-12.73%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC-7.54%OK
Incremental Operating Margin 3Y-2.68%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y63%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $455.72M | $136.91M | -$54.60M | -$174.43M | -$353.58M | 30.04% | -11.98% | -77.59% | -11.5% | 60.18M |
| 2025 FY Dec 31, 2024 | $249.37M | $61.80M | -$70.91M | -$69.53M | -$112.93M | 24.78% | -28.44% | -45.29% | -29.4% | 41.54M |
| 2025 FY Dec 31, 2023 | $217.65M | $58.92M | -$41.35M | -$7.93M | -$17.01M | 27.07% | -19% | -7.81% | -15.94% | 31.94M |
| 2024 FY Dec 31, 2022 | $222.82M | $33.63M | -$59.00M | -$14.02M | -$17.23M | 15.09% | -26.48% | -7.73% | -18.96% | 27.85M |
| 2023 FY Dec 31, 2021 | $211.57M | $37.72M | -$56.77M | -$11.64M | -$19.63M | 17.83% | -26.83% | -9.28% | -15.98% | 26.91M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $564.65M | sum latest 4 fiscal quarters Revenue | OK | 0001437749-26-026278, 0001437749-25-033627 |
| Revenue Growth TTM | 126.81% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001437749-26-026278, 0001437749-25-033627 |
| Revenue CAGR 3Y | 26.93% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001437749-26-005875 |
| Revenue CAGR 5Y | 14.2% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001437749-26-005875 |
| Gross Profit CAGR 3Y | 59.68% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001437749-26-005875 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001437749-26-026278, 0001437749-25-033627 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 28.61% | Gross Profit / Revenue | OK | 0001437749-26-026278, 0001437749-25-033627 |
| Operating Margin | -12.73% | Operating Income / Revenue | OK | 0001437749-26-026278, 0001437749-25-033627 |
| ROIC | -7.54% | NOPAT / Average Invested Capital | OK | 0001437749-26-026278, 0001437749-25-033627 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001437749-26-026278 |
| Current Ratio | 2.78x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 8.48x | (Cash + Short-term Investments) / Total Debt | OK | 0001437749-26-026278 |
| Revenue per Diluted Share | $6.92 | Revenue / Diluted Shares | OK | 0001437749-26-026278, 0001437749-25-033627 |