AAOI
Applied Opt
NASDAQ: AAOI · TECHNOLOGY · COMMUNICATION EQUIPMENT
$164.36
+7.54% today
Updated 2026-04-30
Market cap
$10.99B
P/E ratio
—
P/S ratio
24.11x
EPS (TTM)
$-0.64
Dividend yield
—
52W range
$13 – $173
Volume
12.1M
Applied Opt (AAOI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.49M | $47.84M | $63.42M | $78.42M | $130.45M | $189.90M | $260.71M | $382.33M | $267.46M | $190.87M | $234.62M | $211.56M | $222.82M | $217.65M | $249.37M | $455.71M |
| Revenue growth (YoY) | — | +18.2% | +32.6% | +23.7% | +66.3% | +45.6% | +37.3% | +46.6% | -30.0% | -28.6% | +22.9% | -9.8% | +5.3% | -2.3% | +14.6% | +82.8% |
| Cost of revenue | $27.54M | $34.47M | $44.49M | $55.40M | $86.20M | $129.45M | $173.76M | $216.05M | $179.69M | $144.67M | $184.08M | $173.85M | $189.19M | $158.72M | $187.56M | $318.80M |
| Gross profit | $12.95M | $13.37M | $18.93M | $23.03M | $44.25M | $60.45M | $86.95M | $166.28M | $87.77M | $46.20M | $50.54M | $37.72M | $33.63M | $58.92M | $61.80M | $136.91M |
| Gross margin | 32.0% | 28.0% | 29.8% | 29.4% | 33.9% | 31.8% | 33.4% | 43.5% | 32.8% | 24.2% | 21.5% | 17.8% | 15.1% | 27.1% | 24.8% | 30.0% |
| R&D | $5.18M | $6.45M | $7.60M | $8.51M | $15.97M | $20.85M | $31.78M | $35.37M | $49.90M | $43.40M | $43.39M | $41.22M | $36.24M | $35.98M | $54.95M | $85.51M |
| SG&A | $8.38M | $8.24M | $8.01M | $10.63M | $17.09M | $19.77M | $25.53M | $35.26M | $39.50M | $41.49M | $41.90M | $42.36M | $46.66M | $53.23M | $59.60M | $75.74M |
| Operating income | $-3.09M | $-3.73M | $179000.00 | $-307000.00 | $5.14M | $13.45M | $23.02M | $86.95M | $-10.77M | $-48.75M | $-48.84M | $-56.77M | $-59.00M | $-41.35M | $-70.91M | $-54.60M |
| Operating margin | -7.6% | -7.8% | 0.3% | -0.4% | 3.9% | 7.1% | 8.8% | 22.7% | -4.0% | -25.5% | -20.8% | -26.8% | -26.5% | -19.0% | -28.4% | -12.0% |
| EBITDA | $866000.00 | $-878000.00 | $3.38M | $3.13M | $10.98M | $21.61M | $36.91M | $105.77M | $21.03M | $-21.97M | $-20.86M | $-23.17M | $-36.88M | $-26.18M | $-159.26M | $-15.51M |
| EBITDA margin | 2.1% | -1.8% | 5.3% | 4.0% | 8.4% | 11.4% | 14.2% | 27.7% | 7.9% | -11.5% | -8.9% | -11.0% | -16.5% | -12.0% | -63.9% | -3.4% |
| EBIT | $-2.47M | $-3.99M | $436000.00 | $-281000.00 | $4.81M | $12.19M | $22.72M | $85.38M | $-8.67M | $-45.98M | $-45.59M | $-48.54M | $-60.08M | $-46.61M | $-179.91M | $-43.21M |
| Interest expense | $906000.00 | $1.34M | $1.38M | $1.13M | $326000.00 | $1.02M | $1.72M | $858000.00 | $1.11M | $5.41M | $5.63M | $5.62M | $6.32M | $9.43M | $6.83M | $3.50M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-3.38M | $-5.33M | $-945000.00 | $-1.41M | $4.28M | $10.79M | $31.23M | $73.95M | $-2.15M | $-66.05M | $-58.45M | $-54.16M | $-66.40M | $-56.05M | $-186.73M | $-38.23M |
| Net income growth (YoY) | — | -57.6% | +82.3% | -48.8% | +404.6% | +152.0% | +189.4% | +136.8% | -102.9% | -2977.8% | +11.5% | +7.3% | -22.6% | +15.6% | -233.2% | +79.5% |
| Profit margin | -8.3% | -11.1% | -1.5% | -1.8% | 3.3% | 5.7% | 12.0% | 19.3% | -0.8% | -34.6% | -24.9% | -25.6% | -29.8% | -25.8% | -74.9% | -8.4% |