Applied Optoelectronics, Inc. (AAOI)

AAOI Income Statement

Revenue, expenses, and profitability analysis

AAOI Quarterly Income 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
Revenue	507.000M	151.144M	134.274M	118.630M	102.952M	99.859M	100.271M	65.151M	43.270M
Cost of Goods Sold	356.714M	107.228M	92.329M	85.367M	71.790M	69.315M	71.542M	49.234M	33.708M
Gross Profit	150.286M	43.916M	41.945M	33.263M	31.162M	30.544M	28.729M	15.917M	9.562M
Gross Profit Margin	29.1%	29.1%	31.2%	28.0%	30.3%	30.6%	28.7%	24.4%	22.1%
Total Operating Expenses	208.941M	56.907M	53.446M	51.450M	47.138M	39.481M	35.201M	32.464M	35.806M
Research & Development	93.353M	25.656M	25.820M	21.265M	20.612M	17.810M	16.737M	13.428M	13.078M
Selling, General & Administrative	115.588M	31.251M	27.626M	30.185M	26.526M	21.671M	18.464M	19.036M	22.728M
Operating Income (EBIT)	-58.655M	-12.991M	-11.501M	-18.187M	-15.976M	-8.937M	-6.472M	-16.547M	-26.244M
Operating Margin	-8.6%	-8.6%	-8.6%	-15.3%	-15.5%	-8.9%	-6.5%	-25.4%	-60.7%
Income Before Tax (EBT)	-50.764M	-13.232M	-10.498M	-17.936M	-9.098M	-9.172M	-119.689M	-17.757M	-26.115M
Interest Income	2.853M	1.737M	830K	—	286K	224K	365K	156K	93K
Interest Expense	2.975M	863K	843K	451K	818K	934K	1.754M	1.702M	1.693M
Other Income/Expense	7.891M	-241K	1.003M	251K	6.878M	-235K	-113.217M	-1.210M	129K
Net Income	-43.337M	-14.281M	-2.022M	-17.936M	-9.098M	-9.172M	-119.691M	-17.757M	-26.115M
Income Tax Expense	-7.427M	1.049M	-8.476M	0.00	0.00	0.00	2K	0.00	0.00
Net Profit Margin	-9.4%	-9.4%	-1.5%	-15.1%	-8.8%	-9.2%	-119.4%	-27.3%	-60.4%
EBITDA	-16.589M	-3.140M	-1.450M	-10.119M	-1.880M	-2.513M	-112.579M	-10.824M	-19.355M
EBITDA Margin	-2.1%	-2.1%	-1.1%	-8.5%	-1.8%	-2.5%	-112.3%	-16.6%	-44.7%
Depreciation & Amortization	31.200M	9.229M	8.205M	7.366M	6.400M	5.725M	5.356M	5.231M	5.067M
EPS Basic	-0.66	-0.19	-0.03	-0.28	-0.16	-0.18	-2.60	-0.42	-0.66
EPS Diluted	-0.66	-0.19	-0.03	-0.28	-0.16	-0.18	-2.60	-0.42	-0.66
Shares Outstanding	75.980M	75.980M	70.336M	63.329M	56.772M	50.041M	46.057M	42.312M	39.365M
Diluted Shares Outstanding	75.980M	75.980M	70.336M	63.329M	56.772M	50.041M	46.057M	42.312M	39.365M

AAOI Annual Income 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
Revenue	455.715M	249.365M	217.646M	222.818M	211.565M	234.623M	190.872M	267.465M
Cost of Goods Sold	318.802M	187.565M	158.725M	189.191M	173.850M	184.082M	144.671M	179.692M
Gross Profit	136.913M	61.800M	58.921M	33.627M	37.715M	50.541M	46.201M	87.773M
Gross Profit Margin	30.0%	24.8%	27.1%	15.1%	17.8%	21.5%	24.2%	32.8%
Total Operating Expenses	191.515M	132.708M	100.270M	92.625M	94.481M	99.383M	94.948M	98.541M
Research & Development	85.507M	54.955M	35.975M	36.244M	41.220M	43.393M	43.399M	49.903M
Selling, General & Administrative	106.008M	77.753M	64.295M	56.381M	53.261M	55.990M	51.549M	48.638M
Operating Income (EBIT)	-54.602M	-70.908M	-41.349M	-58.998M	-56.766M	-48.842M	-48.747M	-10.768M
Operating Margin	-12.0%	-28.4%	-19.0%	-26.5%	-26.8%	-20.8%	-25.5%	-4.0%
Income Before Tax (EBT)	-46.704M	-186.731M	-56.039M	-66.396M	-54.160M	-51.224M	-51.387M	-9.778M
Interest Income	1.792M	874K	609K	126K	70K	255K	925K	282K
Interest Expense	3.497M	6.826M	9.428M	6.319M	5.619M	5.635M	5.405M	1.106M
Other Income/Expense	7.898M	-115.823M	-14.690M	-7.398M	2.606M	-2.382M	-2.640M	990K
Net Income	-38.228M	-186.733M	-56.048M	-66.397M	-54.162M	-58.452M	-66.049M	-2.146M
Income Tax Expense	-8.476M	2K	9K	1K	2K	7.228M	14.662M	-7.632M
Net Profit Margin	-8.4%	-74.9%	-25.8%	-29.8%	-25.6%	-24.9%	-34.6%	-0.8%
EBITDA	-15.511M	-159.256M	-26.184M	-36.875M	-23.169M	-20.856M	-21.968M	21.026M
EBITDA Margin	-3.4%	-63.9%	-12.0%	-16.5%	-11.0%	-8.9%	-11.5%	7.9%
Depreciation & Amortization	27.696M	20.649M	20.427M	23.202M	25.371M	24.733M	24.014M	29.698M
EPS Basic	-0.64	-4.50	-1.75	-2.38	-2.01	-2.67	-3.31	-0.11
EPS Diluted	-0.64	-4.50	-1.75	-2.38	-2.01	-2.67	-3.31	-0.11
Shares Outstanding	60.184M	41.539M	31.944M	27.846M	26.912M	21.867M	19.982M	19.647M
Diluted Shares Outstanding	60.184M	41.539M	31.944M	27.846M	26.912M	21.867M	19.982M	19.647M

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

View full financials