AAOI · XBRL financial data

Applied Optoelectronics financial statements, every fiscal year

The same tables from 6 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 years (AAOI's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	235	212	223	218	249	456
Cost of goods and services sold	184	174	189	159	188	319
Gross profit	51	38	34	59	62	137
Research and development	43	41	36	36	55	86
General and administrative	42	42	47	53	60	76
Total operating expenses	99	94	93	100	133	192
Operating income (loss)	(49)	(57)	(59)	(41)	(71)	(55)
Interest income	0	0	0	1	1	2
Interest expense	6	6	6	9	7	3
Other income (expense)	3	8	(1)	(6)	(110)	10
Income tax expense (benefit)	7	0	0	0	0	(8)
Net income (loss)	(58)	(54)	(66)	(56)	(187)	(38)
Earnings per share, basic USD per share	(2.67)	(2.01)	(2.38)	(1.75)	(4.50)	(0.64)
Earnings per share, diluted USD per share	(2.67)	(2.01)	(2.38)	(1.75)	(4.50)	(0.64)
Weighted average shares, basic millions of shares	22	27	28	32	42	60
Weighted average shares, diluted millions of shares	22	27	28	32	42	60

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	43	35	25	45	67	206
Accounts receivable	43	48	61	48	117	244
Inventory	110	93	80	64	88	183
Prepaid and other current assets	5	4	6	5	17	32
Total current assets	209	194	183	173	301	676
Property and equipment, net	253	243	210	200	219	376
Right-of-use asset	8	7	6	5	10	50
Total assets	481	454	408	389	547	1,168
Accounts payable	29	34	48	33	105	144
Accrued liabilities	19	16	17	19	22	42
Current portion of long-term debt	38	50	57	23	22	34
Total current liabilities	103	109	139	93	170	257
Long-term debt	14	5	0	0	4	0
Lease liability, non-current	8	7	6	5	9	47
Total liabilities	203	200	224	174	318	435
Accumulated deficit	(89)	(143)	(209)	(265)	(452)	(490)
Total stockholders' equity	278	255	185	215	229	734
Total liabilities and equity	481	454	408	389	547	1,168
Common shares outstanding (cover page) millions of shares	27	28	29	38	50	75

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(58)	(54)	(66)	(56)	(187)	(38)
Stock-based compensation	13	12	10	12	15	12
Net cash from operating activities	(44)	(12)	(14)	(8)	(70)	(174)
Purchases of property and equipment	16	8	3	9	43	179
Net cash from investing activities	(19)	(11)	(4)	(15)	(51)	(211)
Proceeds from issuing common stock	39	15	1	69	146	519
Net cash from financing activities	47	14	11	41	142	528
Net change in cash	(17)	(9)	(6)	20	24	137

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.