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Friday 6 November 2026 Export AAOI’s income statement to Excel — free account

Applied Optoelectronics, Inc.

AAOI Technology Communication Equipment

Applied Optoelectronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $455.7 million, up 82.8% from fiscal 2024.

Revenue
+127.5%
EPS
+125.0%
Free cash flow
+96.1%
Total debt
+69.0%

Quarter to September 2026, against a year earlier

48.51 1.62 +3.45%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
19.6×
Dividend yield
—
F-score
4/9
Altman Z
2.98
Beneish M
−0.51
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Applied Optoelectronics, Inc. (AAOI) Current ratio

Alert me on Current ratio

Applied Optoelectronics, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 2.3×, down 0.3× from fiscal 2025 (2.6×). Over the past ten years it has ranged from 1.3× (fiscal 2022) to 3.2× (fiscal 2017); the current reading is higher than 82% of that period. That is above the Communication Equipment industry median of 2.0× and above the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 2.6× 48.27%
FY2024 1.8× (4.19%)
FY2023 1.8× 39.89%
FY2022 1.3× (25.80%)
FY2021 1.8× (12.17%)
FY2020 2.0× (3.91%)
FY2019 2.1× (15.90%)
FY2018 2.5× (22.74%)
FY2017 3.2× 23.64%
FY2016 2.6× 26.43%

Quarterly newest first

Period Current ratio Change
Sep 2026 2.3× (15.82%)
Jun 2026 2.8× (27.41%)
Mar 2026 3.8× 45.67%
Dec 2025 2.6× 13.74%
43 more quarters

Against its own ten years

Low 1.3× High 3.2×
Ten-year median 2.1×
Current reading's percentile 82

Current ratio against peers

Company Current ratio
ASTS AST SpaceMobile, Inc. compare 13.1×
ONDS Ondas Holdings Inc. compare 9.8×
AAOI Applied Optoelectronics, Inc. 2.3×
BDC Belden Inc compare 1.8×
VSAT Viasat Inc. compare 1.7×
VIAV Viavi Solutions Inc. compare 1.7×
DGII Digi International Inc. compare 1.1×
EXTR Extreme Networks, Inc. compare 1.0×
ZBRA Zebra Technologies Corporation compare 0.6×
Communication Equipment industry median 2.0×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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