15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $456M | -$38M | 30.0% | -12.0% | -$354M | $34M | $206M |
| 2024 | $249M | -$187M | 24.8% | -28.4% | -$113M | $27M | $67M |
| 2023 | $218M | -$56M | 27.1% | -19.0% | -$17M | $23M | $45M |
| 2022 | $223M | -$66M | 15.1% | -26.5% | -$17M | $57M | $25M |
| 2021 | $212M | -$54M | 17.8% | -26.8% | -$20M | $55M | $35M |
| 2020 | $235M | -$58M | 21.5% | -20.8% | -$60M | $52M | $43M |
| 2019 | $191M | -$66M | 24.2% | -25.5% | -$31M | $50M | $60M |
| 2018 | $267M | -$2M | 32.8% | -4.0% | -$58M | $84M | $56M |
| 2017 | $382M | $74M | 43.5% | 22.7% | $17M | $50M | $83M |
| 2016 | $261M | $31M | 33.4% | 8.8% | $8M | $43M | $50M |
| 2015 | — | $11M | — | — | -$72M | $65M | $28M |
| 2014 | — | $4M | — | — | — | $29M | $32M |
| 2013 | — | -$1M | — | — | — | $26M | $22M |
| 2012 | — | -$945000 | — | — | — | — | $11M |
| 2011 | — | -$5M | — | — | — | — | $2M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $151M | -$14M | 29.1% | -8.6% | -$144M | $41M | $440M |
| Dec '25 | $134M | -$2M | 31.2% | -8.6% | -$105M | $34M | $206M |
| Sep '25 | $119M | -$18M | 28.0% | -15.3% | -$79M | $28M | $137M |
| Jun '25 | $103M | -$9M | 30.3% | -15.5% | -$91M | $22M | $65M |
| Mar '25 | $100M | -$9M | 30.6% | -8.9% | -$79M | $22M | $51M |
| Dec '24 | $100M | -$120M | 28.7% | -6.5% | -$53M | $27M | $67M |
| Sep '24 | $65M | -$18M | 24.4% | -25.4% | -$21M | $29M | $34M |
| Jun '24 | $43M | -$26M | 22.1% | -60.7% | -$5M | $23M | $11M |
| Mar '24 | $41M | -$23M | 18.7% | -53.2% | -$34M | $24M | $8M |
| Dec '23 | $60M | -$14M | 35.7% | -7.5% | -$5M | $23M | $45M |
| Sep '23 | $63M | -$9M | 32.3% | -10.7% | -$17M | $31M | $22M |
| Jun '23 | $42M | -$17M | 19.0% | -38.4% | $14M | $37M | $22M |
| Mar '23 | $53M | -$16M | 17.4% | -26.7% | -$10M | $51M | $16M |
| Dec '22 | $62M | -$20M | 10.1% | -29.8% | -$4M | $57M | $25M |
| Sep '22 | $57M | -$16M | 17.2% | -23.8% | -$10M | $51M | $26M |
| Jun '22 | $52M | -$14M | 16.5% | -24.7% | $2M | $54M | $34M |
| Mar '22 | $52M | -$16M | 17.3% | -27.3% | -$5M | $57M | $32M |
| Dec '21 | $54M | -$15M | 14.9% | -25.0% | -$3M | $55M | $35M |
| Sep '21 | $53M | -$16M | 15.3% | -29.0% | $2M | $61M | $44M |
| Jun '21 | $54M | -$8M | 19.9% | -25.2% | -$1M | $61M | $44M |
How the market has priced AAOI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Applied Optoelectronics, Inc.'s revenue has grown 14.2% per year. These are computed facts, not advice.
As of FY2025, Applied Optoelectronics, Inc. reported $34M of total debt against $206M of cash; operating income covered interest expense -15.6×.
In FY2025, gross margin was 30.0%, operating margin -12.0%, and net margin -8.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.