Applied Optoelectronics, Inc. (AAOI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 151.14M | 134.27M | 118.63M | 102.95M | 99.86M | 100.27M | 65.15M | 43.27M | 40.67M | 60.45M | 62.55M | 41.62M | 53.03M | 61.59M | 56.69M | 52.3M | 52.24M | 54.41M | 53.27M | 54.19M |
| Revenue Growth % | 51.36% | 33.91% | 82.08% | 137.93% | 145.52% | 65.87% | 4.16% | 3.98% | -23.3% | -1.84% | 10.33% | -20.43% | 1.51% | 13.19% | 6.43% | -3.49% | 5.11% | 3.98% | -30.47% | -16.92% |
| Cost of Goods Sold | 107.23M | 92.33M | 85.37M | 71.79M | 69.31M | 71.54M | 49.23M | 33.71M | 33.08M | 38.85M | 42.37M | 33.72M | 43.79M | 55.36M | 46.94M | 43.67M | 43.22M | 46.31M | 45.14M | 43.41M |
| COGS % of Revenue | 70.94% | 68.76% | 71.96% | 69.73% | 69.41% | 71.35% | 75.57% | 77.9% | 81.34% | 64.26% | 67.75% | 81.02% | 82.57% | 89.89% | 82.8% | 83.5% | 82.72% | 85.12% | 84.75% | 80.11% |
| Gross Profit | 43.92M | 41.95M | 33.26M | 31.16M | 30.54M | 28.73M | 15.92M | 9.56M | 7.59M | 21.6M | 20.17M | 7.9M | 9.24M | 6.23M | 9.75M | 8.63M | 9.03M | 8.1M | 8.12M | 10.78M |
| Gross Margin % | 29.06% | 31.24% | 28.04% | 30.27% | 30.59% | 28.65% | 24.43% | 22.1% | 18.66% | 35.74% | 32.25% | 18.98% | 17.43% | 10.11% | 17.2% | 16.5% | 17.28% | 14.88% | 15.25% | 19.89% |
| Gross Profit Growth % | 43.78% | 46% | 108.98% | 225.89% | 302.37% | 32.98% | -21.1% | 21.07% | -17.88% | 247% | 106.93% | -8.46% | 2.43% | -23.09% | 20% | -19.95% | -15.8% | -28.22% | -57.67% | -21.53% |
| Operating Expenses | 56.91M | 53.45M | 51.45M | 47.14M | 39.48M | 35.2M | 32.46M | 35.81M | 29.24M | 26.14M | 26.86M | 23.86M | 23.41M | 24.59M | 23.25M | 21.53M | 23.26M | 21.72M | 23.58M | 24.43M |
| OpEx % of Revenue | 37.65% | 39.8% | 43.37% | 45.79% | 39.54% | 35.11% | 49.83% | 82.75% | 71.88% | 43.23% | 42.94% | 57.34% | 44.15% | 39.93% | 41% | 41.16% | 44.53% | 39.92% | 44.26% | 45.08% |
| Selling, General & Admin | 31.25M | 27.63M | 30.18M | 26.53M | 21.67M | 18.46M | 19.04M | 22.73M | 17.52M | 17.29M | 17.4M | 15.22M | 14.88M | 15.37M | 13.84M | 13.2M | 13.78M | 12.49M | 13.43M | 13.51M |
| SG&A % of Revenue | 20.68% | 20.57% | 25.44% | 25.77% | 21.7% | 18.41% | 29.22% | 52.53% | 43.09% | 28.61% | 27.82% | 36.58% | 28.05% | 24.95% | 24.41% | 25.24% | 26.37% | 22.96% | 25.21% | 24.94% |
| Research & Development | 25.66M | 25.82M | 21.27M | 20.61M | 17.81M | 16.74M | 13.43M | 13.08M | 11.71M | 9.34M | 9.46M | 8.64M | 8.54M | 9.22M | 9.21M | 8.33M | 9.49M | 9.23M | 10.15M | 10.91M |
| R&D % of Revenue | 16.97% | 19.23% | 17.93% | 20.02% | 17.84% | 16.69% | 20.61% | 30.22% | 28.8% | 15.45% | 15.12% | 20.76% | 16.1% | 14.98% | 16.24% | 15.92% | 18.16% | 16.96% | 19.05% | 20.14% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500K | 0 | 0 | 0 | 0 | 200K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.99M | -11.5M | -18.19M | -15.98M | -8.94M | -6.47M | -16.55M | -26.24M | -21.65M | -4.53M | -6.69M | -15.96M | -14.17M | -18.36M | -13.5M | -12.9M | -14.24M | -13.63M | -15.45M | -13.65M |
| Operating Margin % | -8.6% | -8.57% | -15.33% | -15.52% | -8.95% | -6.45% | -25.4% | -60.65% | -53.22% | -7.5% | -10.69% | -38.36% | -26.72% | -29.82% | -23.81% | -24.66% | -27.26% | -25.04% | -29.01% | -25.19% |
| Operating Income Growth % | -45.36% | -77.7% | -9.91% | 39.13% | 58.71% | -42.81% | -147.49% | -64.38% | -52.79% | 75.32% | 50.46% | -23.77% | 0.51% | -34.77% | 12.66% | 5.49% | -1.43% | -3.53% | -127.95% | -22.88% |
| EBITDA | -12.99M | -3.3M | -10.82M | -9.58M | -3.21M | -1.12M | -11.32M | -21.18M | -16.65M | 396K | -1.71M | -10.77M | -8.84M | -12.86M | -7.79M | -7.01M | -8.13M | -7.44M | -9.13M | -7.22M |
| EBITDA Margin % | -8.6% | -2.45% | -9.12% | -9.3% | -3.22% | -1.11% | -17.37% | -48.94% | -40.94% | 0.66% | -2.73% | -25.88% | -16.67% | -20.88% | -13.75% | -13.41% | -15.56% | -13.68% | -17.15% | -13.33% |
| EBITDA Growth % | -304.45% | -195.34% | 4.37% | 54.78% | 80.71% | -381.82% | -562.14% | -96.59% | -88.4% | 103.08% | 78.07% | -53.62% | -8.7% | -72.79% | 14.69% | 2.92% | -7.07% | -9.8% | -1466.9% | -44.89% |
| D&A (Non-Cash Add-back) | 0 | 8.21M | 7.37M | 6.4M | 5.72M | 5.36M | 5.23M | 5.07M | 5M | 4.93M | 4.98M | 5.19M | 5.33M | 5.5M | 5.7M | 5.89M | 6.11M | 6.18M | 6.32M | 6.43M |
| EBIT | -12.99M | -9.65M | -17.48M | -8.28M | -8.24M | -117.94M | -16.05M | -24.42M | -21.49M | -10.73M | -6.96M | -14.76M | -14.15M | -18.36M | -14.01M | -13.05M | -14.66M | -13.08M | -14.44M | -6.84M |
| Net Interest Income | 0 | -13K | -451K | -532K | -710K | -1.39M | -1.55M | -1.6M | -1.42M | -2.65M | -1.92M | -2.14M | -2.1M | -1.85M | -1.59M | -1.38M | -1.37M | -1.44M | -1.34M | -1.35M |
| Interest Income | 1.74M | 830K | 0 | 286K | 224K | 365K | 156K | 93K | 260K | 476K | 65K | 37K | 33K | 36K | 31K | 31K | 28K | 21K | 17K | 16K |
| Interest Expense | -863K | 843K | 451K | 818K | 934K | 1.75M | 1.7M | 1.69M | 1.68M | 3.13M | 1.99M | 2.17M | 2.14M | 1.89M | 1.62M | 1.41M | 1.4M | 1.46M | 1.36M | 1.37M |
| Other Income/Expense | -241K | 1M | 251K | 6.88M | -235K | -113.22M | -1.21M | 129K | -1.52M | -9.32M | -2.27M | -971K | -2.13M | -1.89M | -2.13M | -1.56M | -1.82M | -913K | -344K | 5.45M |
| Pretax Income | -13.23M | -10.5M | -17.94M | -9.1M | -9.17M | -119.69M | -17.76M | -26.11M | -23.17M | -13.86M | -8.95M | -16.94M | -16.29M | -20.25M | -15.63M | -14.46M | -16.06M | -14.54M | -15.8M | -8.2M |
| Pretax Margin % | -8.75% | -7.82% | -15.12% | -8.84% | -9.19% | -119.37% | -27.26% | -60.35% | -56.97% | -22.92% | -14.31% | -40.7% | -30.72% | -32.88% | -27.56% | -27.64% | -30.75% | -26.72% | -29.66% | -15.14% |
| Income Tax | -1.05M | -8.48M | 0 | 0 | 0 | 2K | 0 | 0 | 0 | 1K | 0 | 8K | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 |
| Effective Tax Rate % | 7.93% | 80.74% | 0% | 0% | 0% | -0% | 0% | 0% | 0% | -0.01% | 0% | -0.05% | 0% | 0% | 0% | 0% | 0% | -0.01% | 0% | 0% |
| Net Income | -14.28M | -2.02M | -17.94M | -9.1M | -9.17M | -119.69M | -17.76M | -26.11M | -23.17M | -13.86M | -8.95M | -16.94M | -16.29M | -20.25M | -15.63M | -14.46M | -16.06M | -14.54M | -15.8M | -8.2M |
| Net Margin % | -9.45% | -1.51% | -15.12% | -8.84% | -9.19% | -119.37% | -27.26% | -60.35% | -56.97% | -22.92% | -14.31% | -40.72% | -30.72% | -32.88% | -27.56% | -27.64% | -30.75% | -26.72% | -29.66% | -15.14% |
| Net Income Growth % | -55.7% | 98.31% | -1.01% | 65.16% | 60.41% | -763.7% | -98.34% | -54.13% | -42.22% | 31.57% | 42.71% | -17.21% | -1.43% | -39.27% | 1.08% | -76.23% | -2.82% | -8.19% | -64.28% | 55.9% |
| Net Income (Continuing) | -14.28M | -2.02M | -17.94M | -9.1M | -9.17M | -119.69M | -17.76M | -26.11M | -23.17M | -13.86M | -8.95M | -16.94M | -16.29M | -20.25M | -15.63M | -14.46M | -16.06M | -14.54M | -15.8M | -8.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.19 | -0.03 | -0.28 | -0.16 | -0.18 | -2.60 | -0.42 | -0.66 | -0.60 | -0.38 | -0.27 | -0.57 | -0.56 | -0.71 | -0.56 | -0.52 | -0.58 | -0.54 | -0.58 | -0.31 |
| EPS Growth % | -5.56% | 98.89% | 33.33% | 75.76% | 70% | -584.21% | -55.56% | -15.79% | -7.14% | 46.48% | 51.79% | -9.62% | 3.45% | -31.48% | 3.45% | -67.74% | 1.69% | -6.23% | -38.1% | 65.17% |
| EPS (Basic) | -0.19 | -0.03 | -0.28 | -0.16 | -0.18 | -2.60 | -0.42 | -0.66 | -0.60 | -0.38 | -0.27 | -0.57 | -0.56 | -0.71 | -0.56 | -0.52 | -0.58 | -0.54 | -0.58 | -0.31 |
| Diluted Shares Outstanding | 75.98M | 70.34M | 63.33M | 56.77M | 50.04M | 46.06M | 42.31M | 39.36M | 38.36M | 36.55M | 32.77M | 29.49M | 28.87M | 28.46M | 27.84M | 27.61M | 27.46M | 27.17M | 27.1M | 26.85M |
| Basic Shares Outstanding | 75.98M | 70.34M | 63.33M | 56.77M | 50.04M | 46.06M | 42.31M | 39.36M | 38.36M | 36.55M | 32.77M | 29.49M | 28.87M | 28.46M | 27.84M | 27.61M | 27.46M | 27.17M | 27.1M | 26.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |