Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $261M | $382M | $267M | $191M | $235M | $212M | $223M | $218M | $249M | $456M |
| Revenue growth | — | 46.6% | -30.0% | -28.6% | 22.9% | -9.8% | 5.3% | -2.3% | 14.6% | 82.8% |
| Gross profit | $87.0M | $166M | $87.8M | $46.2M | $50.5M | $37.7M | $33.6M | $58.9M | $61.8M | $137M |
| Gross margin | 33.4% | 43.5% | 32.8% | 24.2% | 21.5% | 17.8% | 15.1% | 27.1% | 24.8% | 30.0% |
| Operating income | $23.0M | $87.0M | -$10.8M | -$48.7M | -$48.8M | -$56.8M | -$59.0M | -$41.3M | -$70.9M | -$54.6M |
| Operating margin | 8.8% | 22.7% | -4.0% | -25.5% | -20.8% | -26.8% | -26.5% | -19.0% | -28.4% | -12.0% |
| Net income | $31.2M | $74.0M | -$2.15M | -$66.0M | -$58.5M | -$54.2M | -$66.4M | -$56.0M | -$187M | -$38.2M |
| Net margin | 12.0% | 19.3% | -0.8% | -34.6% | -24.9% | -25.6% | -29.8% | -25.8% | -74.9% | -8.4% |
| EPS (diluted) | $1.76 | $3.67 | -$0.11 | -$3.31 | -$2.67 | -$2.01 | -$2.38 | -$1.75 | -$4.50 | -$0.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $57.1M | $84.3M | $14.0M | -$1.75M | -$44.0M | -$11.6M | -$14.0M | -$7.93M | -$69.5M | -$174M |
| Capital expenditures | $49.4M | $67.0M | $71.9M | $28.8M | $15.8M | $7.98M | $3.21M | $9.08M | $43.4M | $179M |
| Free cash flow | $7.66M | $17.3M | -$57.8M | -$30.5M | -$59.8M | -$19.6M | -$17.2M | -$17.0M | -$113M | -$354M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $50.2M | $82.9M | $55.6M | $60.0M | $43.4M | $34.7M | $24.7M | $45.4M | $67.4M | $206M |
| Total assets | $322M | $453M | $467M | $467M | $481M | $454M | $408M | $389M | $547M | $1.17B |
| Total liabilities | $94.9M | $120M | $138M | $193M | $203M | $200M | $224M | $174M | $318M | $435M |
| Long-term debt | $35.0M | $49.0M | $60.3M | $16.6M | $13.9M | $5.00M | $0.00 | $0.00 | $4.31M | $0.00 |
| Shareholders' equity | $227M | $333M | $329M | $274M | $278M | $255M | $185M | $215M | $229M | $734M |
| Retained earnings | -$37.0M | $38.1M | $36.0M | -$30.1M | -$88.5M | -$143M | -$209M | -$265M | -$452M | -$490M |
| Shares (wtd avg diluted) | 17.7M | 20.1M | 19.6M | 20.0M | 21.9M | 26.9M | 27.8M | 31.9M | 41.5M | 60.2M |
Every figure is extracted from APPLIED OPTOELECTRONICS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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