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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) EV/EBITDA

Alert me on EV/EBITDA

Applied Optoelectronics, Inc. has no meaningful EV/EBITDA: its trailing twelve-month EBITDA is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 66.7× (April 2019) — the current reading is the lowest in ten years.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 17.2× 160.27%
FY2017 6.6× (38.71%)
FY2016 10.8× (12.64%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 66.7×
Ten-year median 0.0×
Current reading's percentile 62

EV/EBITDA against peers

Company EV/EBITDA
AAOI Applied Optoelectronics, Inc. n/m
ONDS Ondas Holdings Inc. compare n/m
ASTS AST SpaceMobile, Inc. compare n/m
VSAT Viasat Inc. compare 9.0×
BDC Belden Inc compare 14.0×
ZBRA Zebra Technologies Corporation compare 14.9×
DGII Digi International Inc. compare 21.7×
EXTR Extreme Networks, Inc. compare 24.7×
VIAV Viavi Solutions Inc. compare 40.2×
Communication Equipment industry median 14.0×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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