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Applied Optoelectronics, Inc.

Applied Optoelectronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $455.7 million, up 82.8% from fiscal 2024. In the quarter to June 2026, revenue grew 86.4%, EPS fell 75.0%, free cash flow fell 191.6% and total debt rose 69.0%, each against the same quarter a year earlier.

100.68 8.96 −8.17%

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Market cap: $9.3B
P/E: 0.0×
Fwd P/E: 202×
Dividend yield: —
F-score: 4/9
Altman Z: 2.98
Beneish M: −0.51
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.80	12.83
Piotroski F-Score Full definition →	4	1	6	2	3	3	1	2	7	8
P/S ratio Full definition →	4.60	6.14	2.74	0.23	0.65	0.79	1.24	1.13	1.89	1.52
Altman Z-Score Full definition →	2.98	2.05	1.62	(0.38)	0.25	0.71	0.97	2.23	5.64	3.80
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	42.62	55.74
Altman Z″-Score (non-manufacturers) Full definition →	2.44	(1.23)	(0.30)	(1.06)	0.70	1.60	2.00	4.25	6.79	4.61
Beneish M-Score Full definition →	(0.51)	(2.30)	(3.40)	(2.86)	(2.70)	(2.46)	(2.95)	(2.96)	(2.47)	(2.20)
P/Operating CF Full definition →	(70.93)	(62.20)	385.18	(15.03)	(529.99)	(13.19)	(75.00)	(26.14)	27.03	13.83
P/B ratio Full definition →	2.86	6.68	2.78	0.28	0.54	0.67	0.87	0.92	2.17	1.75
Price to Tangible BV Full definition →	2.89	6.94	2.90	0.30	0.56	0.69	0.90	0.95	2.20	1.79
EV/Sales Full definition →	4.59	6.47	2.84	0.77	1.13	1.24	1.60	1.22	1.86	1.54
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.20	6.61	10.78
EV/Operating CF Full definition →	(12.00)	(23.20)	(78.00)	(12.29)	(20.60)	(6.61)	(173.73)	23.26	8.42	7.02
EV/FCF Full definition →	(5.91)	(14.22)	(35.42)	(9.94)	(12.01)	(4.84)	(9.77)	(5.66)	41.78	56.27
Quick Ratio Full definition →	1.79	1.15	1.11	0.70	0.82	0.90	1.11	1.14	2.03	1.70
Current Ratio Full definition →	2.63	1.77	1.85	1.32	1.78	2.03	2.11	2.51	3.25	2.63
Net Debt/EBITDA Full definition →	3.09	(1.22)	(1.15)	(3.44)	(3.33)	(4.51)	(2.82)	1.61	(0.32)	(0.24)
Debt/Assets Full definition →	11.11%	25.38%	19.66%	38.09%	31.40%	32.20%	28.78%	18.97%	10.93%	13.38%
Debt/Equity Full definition →	0.18	0.61	0.36	0.84	0.56	0.56	0.49	0.27	0.15	0.19
Asset Turnover Full definition →	0.53	0.53	0.55	0.52	0.45	0.50	0.41	0.58	0.99	0.88
Operating CF/Net income Full definition →	4.56	0.37	0.14	0.21	0.22	0.75	0.03	(6.54)	1.14	1.83
Capex/Depreciation Full definition →	(6.73)	(1.99)	(0.42)	(0.14)	(0.32)	(0.63)	(1.18)	(2.41)	(3.29)	(3.52)
Interest Coverage Full definition →	(15.61)	(10.39)	(4.39)	(9.34)	(10.10)	(8.67)	(9.02)	(9.74)	101.34	13.41
ROE Full definition →	(7.94%)	(84.12%)	(28.06%)	(30.23%)	(20.34%)	(21.19%)	(21.91%)	(0.65%)	26.38%	15.90%
ROA Full definition →	(4.46%)	(39.89%)	(14.06%)	(15.39%)	(11.58%)	(12.34%)	(14.15%)	(0.47%)	19.08%	10.48%
ROIC Full definition →	(5.27%)	(15.35%)	(10.94%)	(12.11%)	(9.96%)	(7.98%)	(8.93%)	(1.87%)	18.19%	6.58%
Return on Tangible Assets Full definition →	(4.81%)	(53.29%)	(20.05%)	(26.06%)	(16.50%)	(16.28%)	(18.88%)	(0.61%)	20.72%	12.92%
Average Days of Receivables Full definition →	195.75	170.96	80.62	100.21	82.71	66.96	66.27	41.67	57.14	69.67
Research and Development Expense of Revenue Full definition →	18.76%	22.04%	16.53%	16.27%	19.48%	18.49%	22.74%	18.66%	9.25%	12.19%
Selling, General and Administrative Expense of Revenue Full definition →	23.26%	31.18%	29.54%	25.30%	25.17%	23.86%	27.01%	18.18%	11.50%	12.33%
Intangible Assets out of Total Assets Full definition →	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Share Based Compensation of Revenue Full definition →	2.57%	5.93%	5.46%	4.31%	5.73%	5.56%	6.18%	4.16%	2.04%	1.47%
Graham Net Nets Full definition →	0.12	(0.01)	0.00	(0.77)	(0.04)	0.03	0.00	0.19	0.15	0.16
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38.98	23.14
Earnings Yield Full definition →	(1.86%)	(11.61%)	(9.52%)	(126.06%)	(39.30%)	(31.84%)	(27.78%)	(0.65%)	10.21%	7.79%
Free Cash Flow Yield Full definition →	(16.87%)	(7.41%)	(2.92%)	(33.10%)	(14.44%)	(32.28%)	(13.14%)	(19.00%)	2.35%	1.79%
Revenue per Share Full definition →	7.57	6.00	6.81	8.00	7.86	10.73	9.55	13.61	20.02	15.16
Operating CF per Share Full definition →	(2.90)	(1.67)	(0.25)	(0.50)	(0.43)	(2.01)	(0.09)	0.71	4.41	3.32
Capex per Share Full definition →	(2.98)	(1.06)	(0.30)	(0.12)	(0.31)	(0.73)	(1.47)	(3.65)	(3.52)	(2.91)
Free Cash Flow per Share Full definition →	(5.88)	(2.73)	(0.55)	(0.62)	(0.74)	(2.75)	(1.56)	(2.93)	0.89	0.41
Cash per Share Full definition →	3.59	1.91	1.72	1.28	1.53	2.29	3.35	2.95	4.40	3.02
Shareholders Equity per Share Full definition →	12.19	5.52	6.73	6.63	9.46	12.71	13.70	16.75	17.45	13.22
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	12.19	5.52	6.73	6.63	9.46	12.71	13.70	16.75	17.45	13.22
Free Cash Flow Full definition →	(353.95)	(113.43)	(17.46)	(17.33)	(19.97)	(60.08)	(31.18)	(57.60)	16.99	7.13
Working Capital Full definition →	418.44	131.20	79.25	44.58	85.12	106.02	101.45	116.86	158.95	97.58
Capital Expenditures Full definition →	(179.52)	(43.90)	(9.53)	(3.30)	(8.32)	(16.07)	(29.43)	(71.63)	(67.30)	(49.97)
Net Current Asset Value Full definition →	241.22	(16.65)	(1.71)	(40.43)	(5.81)	6.26	(0.23)	56.53	109.99	62.62
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.16	17.42
Capex to Sales Full definition →	0.39	0.18	0.04	0.01	0.04	0.07	0.15	0.27	0.18	0.19
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.33	17.26
Other line items
Depreciation/Fixed assets Full definition →	0.07	0.10	0.11	0.11	0.11	0.10	0.10	0.13	0.10	0.10
Cash ROIC Full definition →	(32.78%)	(25.37%)	(5.04%)	(4.61%)	(4.55%)	(12.44%)	(6.56%)	(12.11%)	3.64%	2.21%
Accounts Receivable Turnover Full definition →	2.52	3.03	3.98	4.08	4.65	6.04	5.86	5.92	6.98	5.89
Accounts Payable Turnover Full definition →	2.56	2.72	3.93	4.60	5.44	5.91	4.61	4.89	5.40	5.34
Inventory Turnover Full definition →	2.35	2.47	2.21	2.20	1.71	1.88	1.62	2.13	3.39	2.94
Average Days of Payables Full definition →	164.79	204.27	75.64	92.31	72.23	58.46	82.82	60.75	73.70	76.41
Days of Inventory on Hand Full definition →	209.64	171.51	146.86	153.72	194.24	218.90	214.52	189.43	128.00	108.85
Average Receivables Full definition →	180.60	82.44	54.62	54.56	45.49	38.85	32.59	45.19	54.81	44.27
Average Payables Full definition →	124.45	68.93	40.37	41.12	31.94	31.16	31.37	36.77	40.00	32.52
Average Inventory Full definition →	135.62	76.00	71.77	86.10	101.46	97.71	89.14	84.51	63.79	59.03
Average Assets Full definition →	857.73	468.11	398.72	431.36	467.63	473.82	466.83	459.89	387.63	297.90
Average Common Equity Full definition →	481.51	221.99	199.77	219.62	266.23	275.84	301.44	331.19	280.33	196.39

Fold the line items

Columns are period end dates

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