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Applied Optoelectronics AAOI CN — Deferred Tax Assets Valuation Allowance

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BPOPUS — Deferred Tax Assets Valuation Allowance
$386.6M-0.1%

Other financials

Income statement

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Revenue$191.9M+86.4%
Gross profit$15.9M-21.1%
Operating income-$16.5M-147%
Net income-$22.8M-150%
EPS (diluted)-$0.42-55.6%

Balance sheet

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Cash & equivalents$499.7M+672%
Total debt$135.4M+200%
Total equity$1.7B+292%
Total assets$2.3B+189%

Cash flow

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Operating cash flow-$85.4M-67.6%
CapEx$276.9M+987%
Free cash flow-$265.3M-192%

Valuation

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Market cap$10.32B+691%
Enterprise value$9.95B+675%
P/S17.3×+13.8×

Profitability

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Gross margin22.7%
Operating margin-24.5%
Net margin-9.6%-4.2pp
FCF margin-99.4%+99.3pp

Returns & leverage

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Return on equity-5.4%-2.6pp
Debt / equity0.1×0.0×
Current ratio2.8×+0.7×

Where this comes from

Reported directly by Applied Optoelectronics in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

The source filing: Applied Optoelectronics’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:24 PM EST
Fiscal year
FY2025
Accession
0001437749-26-005875

The Company’s provision for income taxes in 2025 was lower than 2024 primarily due to the release of Valuation Allowance on the deferred tax assets of the Company’s wholly owned subsidiary, Global Technology, Inc. As of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of December 31, 2025, in part because in the current year we achieved three years of cumulative pretax income in China, management determined that there is sufficient positive evidence to conclude that it is more likely than not that additional deferred taxes of $7.6 million are realizable. It therefore reduced the valuation allowance accordingly.

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FAQ

What is Applied Optoelectronics's CN — deferred tax assets valuation allowance?
Applied Optoelectronics (AAOI) reported CN — deferred tax assets valuation allowance of $7.6M in Q4 2025.
What does CN — deferred tax assets valuation allowance mean?
This is a contra-asset account that reduces the carrying value of deferred tax assets when it is more likely than not that some portion will not be realized. It serves as a management assessment of the segment's ability to generate sufficient future taxable income to utilize its tax benefits.

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