Applied Optoelectronics, Inc. (AAOI)

AAOI Cash Flow Statement

Operating, investing, and financing cash flow analysis

AAOI Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	-208.866M	-85.353M	-29.577M	-28.462M	-65.474M	-50.915M	-24.616M	-14.440M	-1.989M
Net Income	-43.337M	-14.281M	-2.022M	-17.936M	-9.098M	-9.172M	-119.691M	-17.757M	-26.115M
Depreciation & Amortization	31.200M	9.229M	8.205M	7.366M	6.400M	5.725M	5.356M	5.231M	5.067M
Stock-Based Compensation	-18.470M	4.391M	-8.842M	-17.183M	3.164M	2.562M	2.949M	2.944M	6.058M
Change in Accounts Receivable	978.880M	298.996M	244.404M	224.028M	211.452M	171.101M	116.801M	75.154M	58.096M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-214.120M	-90.123M	-33.743M	-28.175M	-62.079M	-51.948M	-25.642M	-4.201M	9.455M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-30.009M	-58.225M	104.048M	-50.353M	-25.479M	-28.454M	-28.511M	-6.058M	-3.087M
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	-238.875M	-143.578M	74.471M	-78.815M	-90.953M	-79.369M	-53.127M	-20.498M	-5.076M
Net Change in Cash	382.566M	233.342M	65.318M	63.522M	20.384M	-12.322M	37.766M	25.249M	-1.287M

AAOI Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	-174.428M	-69.526M	-7.929M	-14.022M	-11.644M	-44.009M	-1.754M	14.029M
Net Income	-38.228M	-186.733M	-56.048M	-66.397M	-54.162M	-58.452M	-66.049M	-2.146M
Depreciation & Amortization	27.696M	20.649M	20.427M	23.202M	25.371M	24.733M	24.014M	29.698M
Stock-Based Compensation	11.710M	14.790M	11.884M	9.600M	12.121M	13.046M	11.804M	11.120M
Change in Accounts Receivable	244.404M	116.801M	48.290M	61.514M	56.092M	43.443M	34.655M	30.534M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-175.945M	-35.877M	6.058M	11.905M	5.957M	-34.409M	6.475M	-22.346M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-179.148M	-43.406M	-9.667M	-4.237M	-10.660M	-19.563M	-32.117M	-77.247M
Acquisitions	5K	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	-353.576M	-112.932M	-17.596M	-18.259M	-22.304M	-63.572M	-33.871M	-63.218M
Net Change in Cash	136.902M	24.036M	19.510M	-5.549M	-8.978M	-16.914M	9.024M	-25.944M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc. (AAOI) is a global technology firm specializing in the creation, production, and distribution of fiber-optic networking solutions. Its extensive product catalog features optical modules, a range of laser components, subassemblies, transceivers, and complete turn-key systems. The company also supplies critical infrastructure hardware such as headend, node, and distribution equipment. AAOI caters to a varied clientele, including internet data center operators, manufacturers of cable television and telecommunications equipment, and internet service providers, utilizing both direct and partner-based sales channels. Founded in 1997, Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas.

Sugar Land, TX

3,309 employees

www.ao-inc.com

Technology / Semiconductors

Sector: Technology
Industry: Semiconductors
CEO: Chih-Hsiang Lin

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