Applied Optoelectronics, Inc.
AAOITechnologyNASDAQCommunication Equipment
Scan Results
Daily timeframeApplied Optoelectronics, Inc. engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China. The $8.22B market capitalization puts AAOI squarely in mid-cap range for its industry. The company offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, and distribution equipment, as well as amplifiers.
Market Cap
$8.22B
Beta
3.69
P/E (TTM)
—
P/E (Fwd)
21.46
EPS (TTM)
$-0.65
EPS (Fwd)
$4.77
ROE
-6.1%
ROA
-3.3%
Cash
$439.7M
Total Debt
$280.4M
Free CF
-$445.6M
52W Change
257.7%
Annual Financials
Cash vs Debt
With $439.7M in cash and $280.4M in debt, AAOI maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$445.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -6.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $222.8M (2022) to $455.7M (2025), reflecting a 105% increase over the period.
A beta of 3.69 means AAOI is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Applied Optoelectronics, Inc.'s trajectory.