stockrowApplied 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
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Applied Optoelectronics, Inc. (AAOI) Free cash flow
Applied Optoelectronics, Inc.'s free cash flow for fiscal 2025 was −$354.0M, compared with −$113.4M in fiscal 2024. Over the twelve months to 30 September 2026 it was −$106.8M. Over the past ten years it has ranged from −$354.0M (fiscal 2025) to $17.0M (fiscal 2017) — the current reading is the lowest in ten years. Free cash flow has fallen for 3 consecutive fiscal years. Applied Optoelectronics, Inc. ranks 44th of 46 Communication Equipment companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$354.0M | — |
| FY2024 | −$113.4M | — |
| FY2023 | −$17.5M | — |
| FY2022 | −$17.3M | — |
| FY2021 | −$20.0M | — |
| FY2020 | −$60.1M | — |
| FY2019 | −$31.2M | — |
| FY2018 | −$57.6M | — |
| FY2017 | $17.0M | 138.29% |
| FY2016 | $7.1M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | −$3.1M | — |
| Jun 2026 | −$265.5M | — |
| Mar 2026 | −$143.7M | — |
| Dec 2025 | −$104.7M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ZBRA Zebra Technologies Corporation compare | $988.0M |
| VSAT Viasat Inc. compare | $578.3M |
| VIAV Viavi Solutions Inc. compare | $244.9M |
| BDC Belden Inc compare | $228.7M |
| EXTR Extreme Networks, Inc. compare | $154.8M |
| DGII Digi International Inc. compare | $136.3M |
| AAOI Applied Optoelectronics, Inc. | −$106.8M |
| ONDS Ondas Holdings Inc. compare | −$171.9M |
| ASTS AST SpaceMobile, Inc. compare | −$1.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on AAOI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement