What Are Applied Optoelectronics Inc.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $456 million | $249 million | $218 million | $223 million |
| Operating income | -$55 million | -$71 million | -$41 million | -$59 million |
| Operating margin | -12.0% | -28.4% | -19.0% | -26.5% |
| Net income | -$38 million | -$187 million | -$56 million | -$66 million |
| Net margin | -8.4% | -74.9% | -25.8% | -29.8% |
| Operating cash flow | -$174 million | -$70 million | -$8 million | -$14 million |
| Capital expenditures | $179 million | $43 million | $9 million | $3 million |
| Free cash flow | -$354 million | -$113 million | -$17 million | -$17 million |
Operating margin widened by 16.5 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was -$354 million against net income of -$38 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does Applied Optoelectronics Inc.'s Balance Sheet Show?
| Cash and cash equivalents | $206 million |
|---|---|
| Long-term debt | $0 |
| Total assets | $1.2 billion |
| Total liabilities | $435 million |
| Shareholders' equity | $734 million |
| Current ratio | 2.6x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Applied Optoelectronics Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001437749-26-005875 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Applied Optoelectronics Inc.'s revenue in fiscal 2025?
Applied Optoelectronics Inc. reported revenue of $456 million for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Applied Optoelectronics Inc.'s operating margin?
Applied Optoelectronics Inc.'s operating margin was -12.0% in fiscal 2025: operating income of -$55 million on revenue of $456 million.
How much free cash flow did Applied Optoelectronics Inc. generate?
Operating cash flow of -$174 million less capital expenditures of $179 million gives free cash flow of -$354 million for fiscal 2025.