AAOI · XBRL financial data

Applied Optoelectronics financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (AAOI's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	63	60*	41	43	65	100*	100	103	119	134*	151	192
Cost of goods and services sold	42	39*	33	34	49	72*	69	72	85	92*	107	139
Gross profit	20	22*	8	10	16	29*	31	31	33	42*	44	53
Research and development	9	9*	12	13	13	17*	18	21	21	26*	26	35
General and administrative	14	13*	14	17	14	15*	16	18	20	21*	25	32
Total operating expenses	27	26*	29	36	32	35*	39	47	51	53*	57	78
Operating income (loss)	(7)	(5)*	(22)	(26)	(17)	(6)*	(9)	(16)	(18)	(12)*	(13)	(25)
Interest income	0	0*	0	0	0	0*	0	0	0	1*	2	3
Interest expense	2	3*	2	2	2	2*	1	1	1	1*	1	1
Other income (expense)	(0)	(7)*	(0)	2	0	(112)*	0	7	1	1*	(1)	1
Income tax expense (benefit)	0	0*	0	0	0	0*	0	0	0	(8)*	1	1
Net income (loss)	(9)	(14)*	(23)	(26)	(18)	(120)*	(9)	(9)	(18)	(2)*	(14)	(23)
Earnings per share, basic USD per share	(0.27)	(0.38)*	(0.60)	(0.66)	(0.42)	(2.60)*	(0.18)	(0.16)	(0.28)	(0.03)*	(0.19)	(0.28)
Earnings per share, diluted USD per share	(0.27)	(0.38)*	(0.60)	(0.66)	(0.42)	(2.60)*	(0.18)	(0.16)	(0.28)	(0.03)*	(0.19)	(0.28)
Weighted average shares, basic millions of shares	33	37*	38	39	42	46*	50	57	63	70*	76	82
Weighted average shares, diluted millions of shares	33	37*	38	39	42	46*	50	57	63	70*	76	82

Fiscal quarters (AAOI's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	22	45	8	11	34	67	51	65	137	206	440	500
Accounts receivable	61	48	57	58	75	117	171	211	224	244	299	314
Inventory	68	64	54	54	64	88	102	139	170	183	206	279
Prepaid and other current assets	5	5	4	4	7	17	19	21	30	32	38	88
Total current assets	164	173	134	133	188	301	359	458	575	676	993	1,190
Property and equipment, net	194	200	200	198	205	219	241	269	310	376	419	697
Right-of-use asset	5	5	5	4	4	10	9	22	42	50	72	75
Total assets	374	389	351	348	410	547	645	797	979	1,168	1,566	2,301
Accounts payable	35	33	24	34	56	105	125	133	150	144	148	286
Accrued liabilities	16	19	13	17	19	22	20	28	34	42	31	47
Current portion of long-term debt	31	23	24	23	29	22	20	22	28	34	41	57
Total current liabilities	188	93	75	81	117	170	191	217	249	257	259	428
Long-term debt	0	0	0	0	0	4	2	0	0	0	0	2
Lease liability, non-current	5	5	4	4	4	9	9	21	40	47	71	74
Total liabilities	195	174	155	162	198	318	336	372	419	435	460	633
Accumulated deficit	(251)	(265)	(288)	(314)	(332)	(452)	(461)	(470)	(488)	(490)	(504)	(527)
Total stockholders' equity	178	215	196	186	212	229	309	425	559	734	1,106	1,668
Total liabilities and equity	374	389	351	348	410	547	645	797	979	1,168	1,566	2,301
Common shares outstanding (cover page) millions of shares	36	38	39	41	45	50	56	62	68	75	80	85

Fiscal quarters (AAOI's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(9)	(14)*	(23)	(26)	(18)	(120)*	(9)	(9)	(18)	(2)*	(14)	(23)
Stock-based compensation	3*	3*	3	6*	3*	3*	3	3*	3*	3*	4	5*
Net cash from operating activities	(15)*	2*	(28)	(2)*	(14)*	(25)*	(51)	(65)*	(28)*	(30)*	(85)	12*
Purchases of property and equipment	1*	6*	6	3*	6*	28*	28	25*	50*	75*	58	—
Net cash from investing activities	(3)*	(10)*	(8)	(4)*	(9)*	(29)*	(36)	(39)*	(50)*	(85)*	(68)	(566)*
Proceeds from issuing common stock	22*	37*	4	16*	39*	88*	72	124*	147*	176*	382	646*
Net cash from financing activities	21*	31*	(1)	5*	49*	90*	70	126*	152*	180*	389	591*
Net change in cash	3*	24*	(38)	(1)*	25*	38*	(12)	20*	64*	65*	233	59*

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Applied Optoelectronics	500	192	12*	84.6M	—	Q2 FY26 10-QJun 30, 2026
Benchmark Electronics	291	834	30*	35.8M	—	Q3 FY26 10-QSep 30, 2026
Cerebras Systems	6,742	180	(60)*	not reported	132.4 quarters	Q2 FY26 10-QJun 30, 2026
Kulicke & Soffa Industries	369	330	45*	52.3M	—	Q3 FY26 10-QJul 4, 2026
Universal Display	93	160	100*	45.0M	—	Q3 FY26 10-QSep 30, 2026
CTS	144	150	44*	28.5M	—	Q3 FY26 10-QSep 30, 2026
Ipg Photonics	711	288	46*	42.5M	—	Q3 FY26 10-QSep 30, 2026
Bel Fuse	333	221	34*	not reported	—	Q3 FY26 10-QSep 30, 2026
Navitas Semiconductor	531	14	(19)*	not reported	23.4 quarters	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.