Applied Optoelectronics, Inc. (AAOI) — Financial statements
Income statement, balance sheet, and cash flow for Applied Optoelectronics, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 456↑82.8% | 249↑14.6% | 218↓2.3% | 223↑5.3% | 212 | |
| Cost of Revenue | 319↑70.0% | 188↑18.2% | 159↓16.1% | 189↑8.8% | 174 | |
| Gross Profit | 137↑121.5% | 62↑4.9% | 59↑75.2% | 34↓10.8% | 38 | |
| Operating Expenses | ||||||
| R&D Expenses | 86↑55.6% | 55↑52.8% | 36↓0.7% | 36↓12.1% | 41 | |
| General & Administrative Expenses | 76↑27.1% | 60↑12.0% | 53↑14.1% | 47↑10.1% | 42 | |
| Selling & Marketing Expenses | 30↑66.7% | 18↑64.0% | 11↑13.8% | 10↓10.8% | 11 | |
| SG&A Expenses | 106↑36.3% | 78↑20.9% | 64↑14.0% | 56↑5.9% | 53 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 192↑44.3% | 133↑32.4% | 100↑8.3% | 93↓2.0% | 94 | |
| Total Costs & Expenses | 510↑59.3% | 320↑23.7% | 259↓8.1% | 282↑5.0% | 268 | |
| Operating Results | ||||||
| Operating Income | -55↑23.0% | -71↓71.5% | -41↑29.9% | -59↓3.9% | -57 | |
| Depreciation & Amortization | 28↑34.1% | 21↑1.1% | 20↓12.0% | 23↓8.5% | 25 | |
| EBITDA | -16↑90.3% | -159↓508.2% | -26↑29.0% | -37↓59.2% | -23 | |
| EBIT | -43↑76.0% | -180↓286.0% | -47↑22.4% | -60↓23.8% | -49 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↑71.4% | -6↑32.5% | -9↓42.4% | -6↓11.6% | -6 | |
| Interest Income | 2↑105.0% | 0.87↑43.5% | 0.61↑383.3% | 0.13↑80.0% | 0.07 | |
| Interest Expense | 3↓48.8% | 7↓27.6% | 9↑49.2% | 6↑12.5% | 6 | |
| Non-Operating Income | -11↓110.5% | 109↑1971.4% | 5↑387.7% | 1↑113.1% | -8 | |
| Other Income / Expenses | 8↑106.8% | -116↓688.4% | -15↓98.6% | -7↓383.9% | 3 | |
| Income Before Tax | -47↑75.0% | -187↓233.2% | -56↑15.6% | -66↓22.6% | -54 | |
| Income Tax Expense | -8↓423900.0% | 0.00↓77.8% | 0.01↑800.0% | 0.00↓50.0% | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -38↑79.5% | -187↓233.2% | -56↑15.6% | -66↓22.6% | -54 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -38↑79.5% | -187↓233.2% | -56↑15.6% | -66↓22.6% | -54 | |
| Bottom-Line Net Income | -38↑79.5% | -187↓233.2% | -56↑15.6% | -66↓22.6% | -54 | |
| EPS (Basic) | -0.64↑85.8% | -4.50↓157.1% | -1.75↑26.5% | -2.38↓18.4% | -2.01 | |
| EPS (Diluted) | -0.64↑85.8% | -4.50↓157.1% | -1.75↑26.5% | -2.38↓18.4% | -2.01 | |
| Weighted Average Shares | 60↑44.9% | 42↑30.0% | 32↑14.7% | 28↑3.5% | 27 | |
| Weighted Average Diluted Shares | 60↑44.9% | 42↑30.0% | 32↑14.7% | 28↑3.5% | 27 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.