US · USD

AAOI

Applied Opt

$130.16+7.07% ($8.59)
Day's range
$124.30 – $131.15
Day's volume
$1.6B
52-week range
$19.49 – $223.10

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AAOI in numbers

Market cap
$11B
P/E
-193.05
P/B
6.60
Dividend yield (12m)
0.00%

AAOI price history

10/07/202510/06/2026
Compare with

AAOI risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+386.03%+882.34%+2,102.37%
Volatility (annualized)134.92%140.33%148.88%
Largest drawdown-42.61%-68.97%-73.77%
Positive months8/1221/3633/60

How much did investing in AAOI return?

$1,000.00 invested on 11/01/2021 would be worth $22,023.69 today.

Value today in AAOI
$22,023.69
Return over the period
+2,102.37%
Return per year
+87.28%
In the S&P 500
$1,712.05

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AAOI fundamentals

Valuation

  • P/E-193.05
  • P/B6.60
  • EV/EBITDA-329.12
  • EV/EBIT-156.76
  • EV/Revenue17.73
  • P/EBIT-163.30
  • P/S18.47
  • P/OCF-83.50
  • P/FCF—
  • Earnings yield-0.64%
  • PEG ratio—
  • Earnings per share-$0.67
  • Book value per share$19.72

Debt

  • Net debt-$440.8M
  • Net debt/EBITDA—
  • Net debt/Equity-0.26
  • Debt/Equity0.04
  • Current ratio2.78
  • Quick ratio2.13
  • Cash ratio1.17

Efficiency

  • Gross margin28.92%
  • EBITDA margin-5.39%
  • Operating margin-11.31%
  • Net margin-9.57%
  • Asset turnover0.26

Profitability

  • ROE-3.42%
  • ROA-2.48%
  • ROIC-4.96%
  • Payout—

Growth

  • Revenue CAGR (5 years)20.68%
  • Earnings CAGR (5 years)—
  • Revenue growth (year)—
  • Earnings growth (year)—
  • Revenue growth (quarter)—
  • Earnings growth (quarter)—

AAOI's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E-68.57-9.80-13.24-0.82-2.61-3.89-3.64-142.96
P/B3.577.993.450.300.560.820.880.93
EV/EBITDA———————17.70
Earnings per share-$0.51-$3.76-$1.46-$2.29-$1.97-$2.19-$3.26-$0.11
Book value per share$9.76$4.61$5.60$6.37$9.25$10.41$13.53$16.55
ROE-5.21%-81.50%-26.08%-35.95%-21.28%-21.03%-24.12%-0.65%
ROIC-7.96%-37.64%-21.46%-27.18%-20.67%-17.04%-18.48%-0.66%
Gross margin30.04%24.78%27.07%15.09%17.83%21.54%24.21%32.82%
EBITDA margin-5.90%-20.15%-9.61%-16.07%-14.84%-10.28%-12.96%7.08%
Net margin-8.39%-74.88%-25.75%-29.80%-25.60%-24.91%-34.60%-0.80%
Net debt/EBITDA———————1.49

AAOI's financial statements

Line202520242023202220212020
Net revenue$455.7M$249.4M$217.6M$222.8M$211.6M$234.6M
Cost of revenue-$318.8M-$187.6M-$158.7M-$189.2M-$173.9M-$184.1M
Gross profit$136.9M$61.8M$58.9M$33.6M$37.7M$50.5M
EBITDA-$26.9M-$50.3M-$20.9M-$35.8M-$31.4M-$24.1M
EBIT-$54.6M-$70.9M-$41.3M-$59M-$56.8M-$48.8M
Financial result$7.9M-$115.8M-$14.7M-$7.4M$2.6M-$2.4M
Income before tax-$46.7M-$186.7M-$56M-$66.4M-$54.2M-$51.2M
Income tax$8.5M-$2K-$9K-$1K-$2K-$7.2M
Net income-$38.2M-$186.7M-$56M-$66.4M-$54.2M-$58.5M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AAOI pay dividends?

AAOI has no distributions on record.

About Applied Opt

Sector
Manufacturing

Questions about AAOI

How much is AAOI today?

AAOI is at $130.16 (7.07% on the day), last traded on 10/06/2026.

What are the P/E and P/B of AAOI?

AAOI trades at a P/E of -193.05 and a P/B of 6.60.

How much did AAOI return in 12 months?

AAOI returned 386.03% in 12 months, with annualized volatility of 134.92% and a largest drawdown of -42.61%.