Applied Optoelectronics, Inc. (AAOI) quarterly balance sheet — complete assets, liabilities & equity history
Applied Optoelectronics, Inc. (AAOI) balance sheet — 15-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.54B | 1.19B | 992.58M | 675.73M | 575.31M | 458.34M | 358.84M | 301.27M | 188.36M | 132.97M | 133.63M | 172.6M | 164.4M | 144.55M | 161.53M | 183.16M | 187.8M | 194.42M | 193.24M | 194.08M |
| Cash & Short-Term Investments | 605.41M | 499.74M | 449.38M | 216.03M | 136.96M | 64.7M | 51.14M | 67.43M | 34.12M | 10.65M | 17.41M | 45.37M | 21.94M | 21.58M | 16.1M | 24.68M | 26.27M | 33.67M | 31.98M | 34.66M |
| Cash Only | 605.41M | 499.74M | 449.38M | 216.03M | 136.96M | 64.7M | 51.14M | 67.43M | 34.12M | 10.65M | 17.41M | 45.37M | 21.94M | 21.58M | 16.1M | 24.68M | 26.27M | 33.67M | 31.98M | 34.66M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 413.76M | 314.01M | 299M | 244.4M | 224.03M | 211.45M | 171.1M | 116.8M | 75.15M | 58.1M | 57.83M | 48.29M | 60.75M | 43.38M | 57.88M | 61.51M | 52.83M | 49.35M | 55.41M | 56.09M |
| Days Sales Outstanding | 124.05 | 145.33 | 161.79 | 160.48 | 168.86 | 169.07 | 129.74 | 88.06 | 94.08 | 121.9 | 118.71 | 82.97 | 76.58 | 110.71 | 101.31 | 85.41 | 82.91 | 91.14 | 96.05 | 91.77 |
| Inventory | 377.99M | 278.79M | 206.25M | 183.1M | 170.21M | 138.87M | 102.31M | 88.14M | 64.38M | 54.32M | 54.32M | 63.87M | 67.53M | 66.32M | 70.19M | 79.68M | 94.26M | 98.18M | 92.01M | 92.52M |
| Days Inventory Outstanding | 155.96 | 159.1 | 163.4 | 176.03 | 166.55 | 152.86 | 123.64 | 98.07 | 110.91 | 146.65 | 162.55 | 155.59 | 145.31 | 184.21 | 154.02 | 144.53 | 188.57 | 198.15 | 192.14 | 185.76 |
| Other Current Assets | 16.04M | 9.02M | 37.96M | 32.18M | 13.76M | 43.32M | 34.28M | 28.9M | 14.7M | 9.89M | 4.08M | 15.08M | 9.3M | 13.27M | 17.36M | 17.29M | 14.44M | 13.22M | 13.84M | 10.81M |
| Total Non-Current Assets | 1.59B | 1.11B | 573.3M | 492.7M | 403.22M | 338.51M | 285.83M | 245.76M | 221.61M | 215.07M | 217.28M | 216.58M | 209.39M | 212.33M | 222.02M | 225.1M | 226.54M | 240.34M | 253.51M | 260.38M |
| Property, Plant & Equipment | 1.12B | 772.25M | 490.95M | 425.75M | 352.35M | 291.49M | 250.67M | 228.88M | 209.41M | 202.03M | 204.49M | 205.34M | 198.82M | 203.19M | 212.57M | 215.78M | 217.22M | 230.56M | 243.45M | 250.17M |
| Fixed Asset Turnover | 0.29x | 0.30x | 0.33x | 0.35x | 0.37x | 0.38x | 0.42x | 0.46x | 0.32x | 0.21x | 0.20x | 0.30x | 0.31x | 0.20x | 0.25x | 0.28x | 0.25x | 0.22x | 0.21x | 0.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.69M | 3.63M | 3.61M | 3.62M | 8.44M | 3.64M | 3.63M | 8.52M | 3.66M | 8.55M | 8.6M | 8.66M | 8.62M | 8.62M | 8.93M | 8.94M | 8.91M | 9.26M | 9.64M | 9.69M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 465.71M | 328.96M | 78.74M | 63.33M | 42.42M | 43.38M | 31.52M | 8.37M | 8.54M | 4.49M | 4.19M | 2.58M | 1.95M | 531K | 519K | 386K | 415K | 520K | 428K | 518K |
| Total Assets | 3.14B | 2.3B | 1.57B | 1.17B | 978.53M | 796.85M | 644.67M | 547.03M | 409.97M | 348.04M | 350.92M | 389.19M | 373.79M | 356.88M | 383.55M | 408.26M | 414.34M | 434.75M | 446.75M | 454.46M |
| Asset Turnover | 0.10x | 0.10x | 0.11x | 0.13x | 0.13x | 0.14x | 0.17x | 0.21x | 0.17x | 0.12x | 0.11x | 0.16x | 0.17x | 0.11x | 0.13x | 0.15x | 0.13x | 0.12x | 0.12x | 0.12x |
| Asset Growth % | 220.44% | 188.79% | 142.9% | 113.59% | 138.68% | 128.95% | 83.71% | 40.56% | 9.68% | -2.48% | -8.51% | -4.67% | -9.79% | -17.91% | -14.15% | -10.17% | -10.42% | -8.11% | -6.22% | -5.48% |
| Total Current Liabilities | 660.75M | 428.45M | 259.43M | 257.28M | 249.14M | 216.84M | 191.01M | 170.07M | 117.1M | 80.94M | 74.61M | 93.36M | 188.25M | 187.47M | 205.61M | 138.58M | 130.89M | 129.82M | 116.53M | 108.96M |
| Accounts Payable | 494.28M | 286.09M | 148.16M | 143.93M | 150.15M | 132.96M | 124.87M | 104.97M | 55.99M | 33.52M | 23.64M | 32.89M | 34.85M | 35.11M | 38.42M | 47.84M | 52.31M | 52.5M | 40.04M | 34.4M |
| Days Payables Outstanding | 185.3 | 142.44 | 122.58 | 146.51 | 152.55 | 163.41 | 149.21 | 103.49 | 83.63 | 77.15 | 77.75 | 80.22 | 75.95 | 99.23 | 88.66 | 83.22 | 102.7 | 96.42 | 77.52 | 62.31 |
| Short-Term Debt | 111.5M | 57.26M | 44.16M | 37.5M | 62.02M | 54.29M | 44.3M | 41.63M | 39.42M | 27.55M | 34.84M | 38.97M | 125.83M | 125.83M | 149.83M | 69.41M | 65.12M | 63.84M | 62.19M | 57.89M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 256K | 0 | 0 | 1.44M | 1.57M | 1.69M | 1.8M | 10.07M | 10.88M | 2.96M | 3M | 517K | 631K | 423K | 195K |
| Other Current Liabilities | 0 | 0 | 67.11M | 75.85M | 5.86M | 6.52M | 4.57M | 4.2M | 3.9M | 2.65M | 3.57M | 2.38M | 3.48M | 3.53M | 2.4M | 3.48M | 3.57M | 4.04M | 2.81M | 4.4M |
| Current Ratio | 2.34x | 2.78x | 3.83x | 2.63x | 2.31x | 2.11x | 1.88x | 1.77x | 1.61x | 1.64x | 1.79x | 1.85x | 0.87x | 0.77x | 0.79x | 1.32x | 1.43x | 1.50x | 1.66x | 1.78x |
| Quick Ratio | 1.77x | 2.13x | 3.03x | 1.91x | 1.63x | 1.47x | 1.34x | 1.25x | 1.06x | 0.97x | 1.06x | 1.16x | 0.51x | 0.42x | 0.44x | 0.75x | 0.71x | 0.74x | 0.87x | 0.93x |
| Cash Conversion Cycle | 94.7 | 161.99 | 202.6 | 189.99 | 182.86 | 158.52 | 104.17 | 82.63 | 121.36 | 191.4 | 203.51 | 158.34 | 145.94 | 195.7 | 166.68 | 146.72 | 168.78 | 192.88 | 210.67 | 215.21 |
| Total Non-Current Liabilities | 233.52M | 204.72M | 200.5M | 177.22M | 170.3M | 155.03M | 144.65M | 147.85M | 80.78M | 80.61M | 80.58M | 80.96M | 7.19M | 6.15M | 5.31M | 85.01M | 84.92M | 85.34M | 90.64M | 90.93M |
| Long-Term Debt | 165.42M | 129.14M | 129.52M | 129.83M | 130.12M | 133.94M | 136.04M | 138.81M | 77.05M | 76.69M | 76.33M | 76.23M | 0 | 0 | 0 | 79.51M | 79.3M | 79.09M | 83.88M | 83.68M |
| Capital Lease Obligations | 68.1M | 73.92M | 0 | 0 | 40.18M | 21.09M | 8.61M | 9.04M | 3.73M | 3.92M | 4.25M | 4.73M | 4.77M | 5.15M | 5.31M | 5.5M | 5.62M | 6.25M | 6.76M | 7.25M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 1.66M | 70.98M | 47.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 894.28M | 633.17M | 459.93M | 434.5M | 419.44M | 371.87M | 335.65M | 317.92M | 197.89M | 161.55M | 155.19M | 174.32M | 195.44M | 193.62M | 210.91M | 223.59M | 215.81M | 215.16M | 207.18M | 199.89M |
| Total Debt | 350.2M | 264.54M | 173.67M | 167.33M | 235.16M | 211.22M | 190.3M | 190.86M | 121.32M | 109.25M | 116.52M | 121.07M | 131.71M | 132.09M | 156.23M | 155.53M | 151.05M | 150.22M | 153.9M | 149.9M |
| Net Debt | -255.21M | -235.19M | -275.7M | -48.71M | 98.2M | 146.52M | 139.16M | 123.43M | 87.19M | 98.59M | 99.11M | 75.71M | 109.77M | 110.51M | 140.12M | 130.84M | 124.78M | 116.56M | 121.92M | 115.24M |
| Debt / Equity | 0.16x | 0.16x | 0.16x | 0.23x | 0.42x | 0.50x | 0.62x | 0.83x | 0.57x | 0.59x | 0.60x | 0.56x | 0.74x | 0.81x | 0.90x | 0.84x | 0.76x | 0.68x | 0.64x | 0.59x |
| Debt / EBITDA | 26.37x | - | - | - | - | - | - | - | - | - | - | 305.74x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -19.22x | - | - | - | - | - | - | - | - | - | - | 191.18x | - | - | - | - | - | - | - | - |
| Interest Coverage | 8.09x | -22.18x | -14.33x | -11.45x | -38.77x | -10.12x | -8.82x | -67.24x | -9.43x | -14.43x | -12.82x | -3.43x | -3.50x | -6.79x | -6.62x | -9.73x | -8.64x | -9.27x | -10.46x | -8.94x |
| Total Equity | 2.24B | 1.67B | 1.11B | 733.92M | 559.09M | 424.98M | 309.01M | 229.11M | 212.09M | 186.49M | 195.73M | 214.87M | 178.35M | 163.26M | 172.64M | 184.67M | 198.54M | 219.59M | 239.58M | 254.57M |
| Equity Growth % | 300.9% | 292.49% | 257.9% | 220.33% | 163.61% | 127.88% | 57.88% | 6.63% | 18.91% | 14.23% | 13.37% | 16.35% | -10.17% | -25.65% | -27.94% | -27.46% | -24.79% | -20.81% | -13.97% | -8.39% |
| Book Value per Share | 25.52 | 20.45 | 14.56 | 10.43 | 8.83 | 7.49 | 6.18 | 4.97 | 5.01 | 4.74 | 5.10 | 5.88 | 5.44 | 5.54 | 5.98 | 6.49 | 7.13 | 7.95 | 8.72 | 9.37 |
| Total Shareholders' Equity | 2.24B | 1.67B | 1.11B | 733.92M | 559.09M | 424.98M | 309.01M | 229.11M | 212.09M | 186.49M | 195.73M | 214.87M | 178.35M | 163.26M | 172.64M | 184.67M | 198.54M | 219.59M | 239.58M | 254.57M |
| Common Stock | 90K | 84K | 79K | 75K | 68K | 62K | 53K | 49K | 45K | 41K | 39K | 38K | 34K | 32K | 29K | 29K | 28K | 28K | 27K | 27K |
| Retained Earnings | -520.84M | -527.14M | -504.36M | -490.08M | -488.06M | -470.12M | -461.02M | -451.85M | -332.16M | -314.4M | -288.29M | -265.12M | -251.26M | -242.31M | -225.36M | -209.07M | -188.82M | -173.19M | -158.73M | -142.67M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.55M | 2.4M | -207K | -617K | 1.09M | 1.11M | -2.75M | -2.55M | 709K | -1.53M | -688K | 975K | -2.19M | -1.47M | 3.82M | 2.18M | -988K | 7.23M | 14.81M | 16.07M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |