Revenue (FY 2025)
↑82.8% YoY
$455.71M
3-Yr CAGR: 26.9%
Net Income
↑79.5% YoY
-$38.23M
Net Margin: -8.4%
Free Cash Flow
↓-213.1% YoY
-$353.58M
FCF Yield: -4.39%
EPS (Diluted)
↑85.8% YoY
$-0.64
Basic: $-0.64
Return on Equity
Efficiency
-5.2%
ROA: -3.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (AAOI)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $260.7M | — | $87.0M | $31.2M | — | $1.76 | — | — | 0.00% | $57.1M | $7.7M | — |
| FY 2017 | $382.3M | +46.6% | $166.3M | $74.0M | +136.8% | $3.67 | +108.5% | — | 0.00% | $84.3M | $17.3M | +126.0% |
| FY 2018 | $267.5M | -30.0% | $87.8M | $-2.1M | -102.9% | $-0.11 | -103.0% | — | 0.00% | $14.0M | $-57.8M | -433.9% |
| FY 2019 | $190.9M | -28.6% | $46.2M | $-66.0M | -2,977.8% | $-3.31 | -2,909.1% | — | 0.00% | $-1.8M | $-30.5M | +47.2% |
| FY 2020 | $234.6M | +22.9% | $50.5M | $-58.5M | +11.5% | $-2.67 | +19.3% | — | 0.00% | $-44.0M | $-59.8M | -95.8% |
| FY 2021 | $211.6M | -9.8% | $37.7M | $-54.2M | +7.3% | $-2.01 | +24.7% | — | 0.00% | $-11.6M | $-19.6M | +67.2% |
| FY 2022 | $222.8M | +5.3% | $33.6M | $-66.4M | -22.6% | $-2.38 | -18.4% | — | 0.00% | $-14.0M | $-17.2M | +12.2% |
| FY 2023 | $217.6M | -2.3% | $58.9M | $-56.0M | +15.6% | $-1.75 | +26.5% | — | 0.00% | $-7.9M | $-17.0M | +1.3% |
| FY 2024 | $249.4M | +14.6% | $61.8M | $-186.7M | -233.2% | $-4.50 | -157.1% | — | 0.00% | $-69.5M | $-112.9M | -564.0% |
| FY 2025 | $455.7M | +82.8% | $136.9M | $-38.2M | +79.5% | $-0.64 | +85.8% | — | 0.00% | $-174.4M | $-353.6M | -213.1% |
Valuation
Market Price
$100.51
Market Cap
$8.05B
Enterprise Value
$7.88B
P/E Ratio
N/A
P/B Ratio
10.99
FCF Yield
-4.39%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
30.04%
Operating Margin
-11.98%
Net Margin
-8.39%
Return on Equity (ROE)
-5.21%
Return on Assets (ROA)
-3.27%
Asset Turnover
0.39x
Revenue 3-Yr CAGR
26.93%
Financial Health & Liquidity
Current Ratio
2.63
Cash Ratio
0.80
Debt / Equity
0.046
Debt / Assets
0.029
Cash & Equivalents
$206.14M
Total Debt
$33.98M
Book Value / Share
$9.15
Cash Flow Efficiency
Operating Cash Flow
-$174.43M
Capital Expenditures (CapEx)
$179.15M
Free Cash Flow
-$353.58M
OCF / Revenue
-38.28%
FCF / Revenue
-77.59%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$-0.64
EPS (Basic)
$-0.64
Dividends / Share
N/A
Book Value / Share
$9.15
EPS YoY Growth
85.78%
Balance Sheet (FY 2025)
Total Assets
$1.17B
Total Liabilities
$434.50M
Stockholders' Equity
$733.92M
Current Assets
$675.73M
Current Liabilities
$257.28M