Applied Optoelectronics Inc. (AAOI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$79.19 -3.68% NASDAQ • Public Delayed / 60s Snapshot

Applied Optoelectronics Inc. (AAOI) receives a Roarable Rating of D+ (Sell) and flashes a Red SELL / AVOID warning (54/100 RQD Confidence). Our SEC filing scanner spotted paper earnings outpacing real operating cash flow (+199.5% (NI vs OCF)) while unpaid customer invoices grew—a classic sign to step aside until cash flow catches up.

ROARABLE D+ • SELL / AVOID Cap $6.72B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510054
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D · Rk D
Cash (5)Whales (10)SEC (8)Macro (14)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE-1.8% Base Target
$245 Bull$78 Base$61 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:49% Call Buyers ($2.2M)
51% PutsMax Pain: $78.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How AAOI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$455.7MGross Profit $136.9M (30%)Cost of Sales $318.8MOp Profit $0 (0%)OpEx (R&D/SG&A) $136.9MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $217.6M
FY24
Rev $249.4M
FY25
Rev $455.7M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$455.7M30%-12%-$38.2M-$353.6M-8.2%
FY 2024$249.4M24.8%-28.4%-$186.7M-$112.9M-33.7%
FY 2023$217.6M44%-19%-$56.0M-$17.7M-1.5%
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  • ✓Live walkthrough of AAOI's RQD Radar, SEC cash-conversion gap & downside levels
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RQD INSIDER CLUB UPGRADE$49/YEAR
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AAOI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -57.99%▼ DESCENDING CHANNEL
2026-10-30O $71.86H $74.25L $65.77C $69.05VOL 17.07M
RES: $115.8SUP: $-5.07SMA50: $98.76SMA200: $114.2
$246.5$193.4$140.3$87.20$34.10RES $115.8SUP $-5.07$69.052026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

AAOI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
15.7%/yr Implied 5Y Growth

vs. +82.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on AAOI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for AAOI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for AAOI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

AAOI Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Applied Optoelectronics Inc. (AAOI)?

In FY 2025 (10-K), AAOI converted $455.7M of revenue into a 30% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).