# Applied Optoelectronics, Inc. (AAOI)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $10.12B  
**Price:** $168.19 (-3.96%)

> Applied Optoelectronics, Inc. is a technology company that designs, manufactures, and sells fiber-optic networking products for communication and data connectivity markets. The company focuses on optical modules, lasers, laser components, optical filters, subassemblies, transmitters, transceivers, amplifiers, and turnkey equipment used to enable high-speed data transmission over fiber networks. Its solutions serve internet data center operators, cable television providers, telecom equipment manufacturers, fiber-to-the-home deployments, and internet service providers, addressing demand for bandwidth-intensive applications and reliable network infrastructure. Applied Optoelectronics, Inc. operates across the United States, Taiwan, and China, using both direct and indirect sales channels to reach large enterprise and service provider customers. Founded in 1997 and headquartered in Sugar Land, Texas, the company plays a specialized role in the semiconductor and optical communications ecosystem by providing vertically integrated optical components and systems that support modern broadband, cloud computing, and content delivery networks.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $456M | $137M | -$55M | -$38M | — |
| 2024 | $249M | $62M | -$71M | -$187M | — |
| 2023 | $218M | $59M | -$41M | -$56M | — |
| 2022 | $223M | $34M | -$59M | -$66M | — |
| 2021 | $212M | $38M | -$57M | -$54M | — |
| 2020 | $235M | $51M | -$49M | -$58M | — |
| 2019 | $191M | $46M | -$49M | -$66M | — |
| 2018 | $267M | $88M | -$11M | -$2M | — |
| 2017 | $382M | $166M | $87M | $74M | — |
| 2016 | $261M | $87M | $23M | $31M | — |
| 2015 | $190M | $60M | $13M | $11M | — |
| 2014 | $130M | $44M | $5M | $4M | — |
| 2013 | $78M | $23M | -$307,000 | -$1M | — |
| 2012 | $63M | $19M | $179,000 | -$945,000 | — |
| 2011 | $48M | $13M | -$4M | -$5M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.17B | $435M | $734M | $206M | $34M |
| 2024 | $547M | $318M | $229M | $67M | $27M |
| 2023 | $389M | $174M | $215M | $45M | $23M |
| 2022 | $408M | $224M | $185M | $25M | $57M |
| 2021 | $454M | $200M | $255M | $35M | $55M |
| 2020 | $481M | $203M | $278M | $43M | $52M |
| 2019 | $467M | $193M | $274M | $60M | $50M |
| 2018 | $467M | $138M | $329M | $56M | $84M |
| 2017 | $453M | $120M | $333M | $83M | $50M |
| 2016 | $322M | $95M | $227M | $50M | $35M |
| 2015 | $273M | $108M | $165M | $28M | $34M |
| 2014 | $184M | $69M | $115M | $32M | $29M |
| 2013 | $111M | $48M | $63M | $22M | $26M |
| 2012 | $66M | $35M | $31M | $11M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$174M | $179M | -$354M |
| 2024 | -$70M | $43M | -$113M |
| 2023 | -$8M | $9M | -$17M |
| 2022 | -$14M | $3M | -$17M |
| 2021 | -$12M | $8M | -$20M |
| 2020 | -$44M | $16M | -$60M |
| 2019 | -$2M | $29M | -$31M |
| 2018 | $14M | $72M | -$58M |
| 2017 | $84M | $67M | $17M |
| 2016 | $57M | $49M | $8M |
| 2015 | -$15M | $57M | -$72M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AAOI)