AAOI

Applied Optoelectronics, Inc.

Income statement

Income statement
Line, in USD	Last 12 months	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	747M	456M	249M	218M	223M	212M	235M	191M	267M	382M	261M	190M	130M	78M	63M	48M
Cost of revenue	532M	319M	188M	159M	189M	174M	184M	145M	180M	216M	174M	129M	86M	55M	44M	34M
Gross profit	215M	137M	62M	59M	34M	38M	51M	46M	88M	166M	87M	60M	44M	23M	19M	13M
R&D	124M	86M	55M	36M	36M	41M	43M	43M	50M	35M	32M	21M	16M	8.5M	7.6M	6.5M
SG&A	141M	106M	78M	64M	56M	53M	56M	52M	49M	44M	32M	26M	23M	15M	11M	11M
Operating income	−51M	−55M	−71M	−41M	−59M	−57M	−49M	−49M	−11M	87M	23M	13M	5.1M	−307K	179K	−3.7M
Non-operating income	14M	7.9M	−116M	−15M	−7.4M	2.6M	−2.4M	−2.6M	990K	−2.4M	−2.0M	−2.3M	−656K	−1.1M	−1.1M	354K
Pretax income	−37M	−47M	−187M	−56M	−66M	−54M	−51M	−51M	−9.8M	85M	21M	11M	4.5M	−1.4M	−945K	−3.4M
Taxes	−3.8M	−8.5M	2K	9K	1K	2K	7.2M	15M	−7.6M	11M	−10M	375K	199K	0	0	1.9M
Net income	−33M	−38M	−187M	−56M	−66M	−54M	−58M	−66M	−2.1M	74M	31M	11M	4.3M	−1.4M	−945K	−5.3M

Diluted EPS	−0.43	−0.64	−4.50	−1.75	−2.38	−2.01	−2.67	−3.31	−0.11	3.67	1.76	0.65	0.28	−0.14	−3.56	−20.21
Diluted shares	—	60.2M	41.5M	31.9M	27.8M	26.9M	21.9M	20.0M	19.6M	20.1M	17.7M	16.5M	15.2M	10.0M	266K	264K

Revenue growth	—	+82.8%	+14.6%	−2.3%	+5.3%	−9.8%	+22.9%	−28.6%	−30.0%	+46.6%	+37.3%	+45.6%	+66.3%	+23.7%	+32.6%	—
Gross margin	28.8%	30.0%	24.8%	27.1%	15.1%	17.8%	21.5%	24.2%	32.8%	43.5%	33.4%	31.8%	33.9%	29.4%	29.8%	28.0%
Operating margin	−6.8%	−12.0%	−28.4%	−19.0%	−26.5%	−26.8%	−20.8%	−25.5%	−4.0%	22.7%	8.8%	7.1%	3.9%	−0.4%	0.3%	−7.8%
Net margin	−4.4%	−8.4%	−74.9%	−25.8%	−29.8%	−25.6%	−24.9%	−34.6%	−0.8%	19.3%	12.0%	5.7%	3.3%	−1.8%	−1.5%	−11.1%