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Applied Optoelectronics AAOI Free cash flow yield

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Other financials

Income statement

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Revenue$151.1M+51.4%
Gross profit$15.9M-21.1%
Operating income-$16.5M-147%
Net income-$14.3M-55.7%
EPS (diluted)-$0.42-55.6%

Balance sheet

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Cash & equivalents$439.7M+760%
Total debt$115.1M+280%
Total equity$1.1B+258%
Total assets$1.6B+143%

Cash flow

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Operating cash flow-$85.4M-67.6%
CapEx$58.2M+105%
Free cash flow-$143.6M-81.0%

Valuation

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Market cap$12.99B+752%
Enterprise value$12.66B+732%
P/S25.6×+20.7×

Profitability

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Gross margin22.7%
Operating margin-24.5%
Net margin-8.5%-3.9pp
FCF margin-82.4%+129pp

Returns & leverage

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Return on equity-6.1%-2.9pp
Debt / equity0.1×0.0×
Current ratio3.8×+1.9×

Where this comes from

Calculated from Applied Optoelectronics’s reported figures.

Based on trailing twelve months.

The official record: Applied Optoelectronics’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Optoelectronics's free cash flow yield?
Applied Optoelectronics (AAOI) reported free cash flow yield of -6.4% in Q1 2026.
How has Applied Optoelectronics's free cash flow yield changed year-over-year?
Applied Optoelectronics's free cash flow yield increased by 69.0% year-over-year, from -20.5% to -6.4%.
What is the long-term trend for Applied Optoelectronics's free cash flow yield?
Over 5 years (2020 to 2025), Applied Optoelectronics's free cash flow yield has grown at a -10.4% compound annual growth rate (CAGR), from -25.7% to -14.9%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.