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Applied Optoelectronics AAOI TW — Operating Loss Carryforwards

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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:OperatingLossCarryforwards.

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 has a U.S. net operating loss carry forward of approximately $250.6 million, $33.6 million of which, if unused, expires between 2026 and 2032 and $217.0 million of which, can be carried forward indefinitely. The Company has U.S. and state research and development tax credits of $14.9 million, which, if unused, expire between 2028 and 2044. In addition, the Company has foreign tax credits of $4.6 million, which, if unused, will expire in 2028. Utilization of U.S. net operating losses and tax credit carry forwards are subject to an annual limitation due to the ownership change limitations set forth in Internal Revenue Code Section 382. As of December 31, 2025, the Company had Taiwan net operating loss carry forwards of approximately $86.2 million and China net operating loss carry forwards of approximately $40.4 million. The carryforward period for the Taiwan net operating loss carry forwards is ten years, and the expiration period begins 2028. The carryforward period for China net operating loss carry forwards is ten years, and the expiration period begins 2029.

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FAQ

What is Applied Optoelectronics's TW — operating loss carryforwards?
Applied Optoelectronics (AAOI) reported TW — operating loss carryforwards of $86.2M in Q4 2025.
How has Applied Optoelectronics's TW — operating loss carryforwards changed year-over-year?
Applied Optoelectronics's TW — operating loss carryforwards increased by 10.9% year-over-year, from $77.7M to $86.2M.
What does TW — operating loss carryforwards mean?
This metric represents the accumulated net operating losses incurred by the segment that can be carried forward to offset future taxable income. It serves as a potential future tax benefit, reflecting the historical profitability challenges or heavy investment phases of the segment. Investors track this to estimate the potential for future tax savings and the segment's path toward sustained profitability.

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