For the year ending 2025-12-31, AAOI has $1,168,423K in assets. $434,505K in debts. $206,140K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 206,140 | 67,428 | 45,366 | 24,685 |
| Restricted cash | 9,895 | 11,705 | 9,731 | 10,902 |
| Accounts receivable, net | 244,404 | 116,801 | 48,071 | 61,175 |
| Notes receivable | - | 0 | 219 | 339 |
| Inventories | 183,105 | 88,135 | 63,866 | 79,679 |
| Prepaid income tax | - | 4 | 3 | 0 |
| Prepaid expenses and other current assets | 32,183 | 17,195 | 5,349 | 6,384 |
| Total current assets | 675,727 | 301,268 | 172,605 | 183,164 |
| Property, plant and equipment, net | 376,050 | 219,235 | 200,317 | 210,184 |
| Land use rights, net | 4,825 | 4,837 | 5,030 | 5,238 |
| Operating right of use asset | 49,697 | 9,646 | 5,026 | 5,566 |
| Financing right of use asset | - | - | 0 | 26 |
| Intangible assets, net | 3,623 | 3,680 | 3,628 | 3,699 |
| Other assets, net | 58,501 | 8,366 | 2,580 | 386 |
| Total assets | 1,168,423 | 547,032 | 389,186 | 408,263 |
| Accounts payable | 143,932 | 104,969 | 32,892 | 47,845 |
| Bank acceptance payable | 33,363 | 19,259 | 15,482 | 12,337 |
| Accrued liabilities | 42,491 | 22,091 | 18,549 | 17,222 |
| Deferred revenue | - | - | - | 3,000 |
| Unearned revenue | - | 0 | 1,803 | - |
| Current lease liability - operating | 3,522 | 1,380 | 1,149 | 1,041 |
| Current lease liability - financing | - | - | 0 | 63 |
| Current portion of notes payable and long-term debt | 33,975 | 22,370 | 23,197 | 57,074 |
| Current portion of convertible senior notes | - | 0 | 286 | - |
| Total current liabilities | 257,283 | 170,069 | 93,358 | 138,582 |
| Convertible senior notes | 129,829 | 134,497 | 76,233 | 79,506 |
| Non-current lease liability - operating | 47,393 | 9,041 | 4,726 | 5,505 |
| Non-current lease liability - financing | - | - | - | 0 |
| Long-term debt | 0 | 4,313 | - | 0 |
| Total liabilities | 434,505 | 317,920 | 174,317 | 223,593 |
| Common stock 120,000 shares authorized at 0.001 par value, 74,998 shares issued and outstanding at december 31, 2025 80,000 shares authorized at 0.001 par value and, 49,393 shares issued at december 31, 2024, respectively | 75 | 49 | 38 | 29 |
| Additional paid-in capital | 1,224,538 | 683,462 | 478,972 | 391,526 |
| Accumulated other comprehensive loss | -617 | -2,548 | 975 | 2,183 |
| Accumulated deficit | -490,078 | -451,851 | -265,116 | -209,068 |
| Total stockholders' equity | 733,918 | 229,112 | 214,869 | 184,670 |
| Total liabilities and stockholders' equity | 1,168,423 | 547,032 | 389,186 | 408,263 |
APPLIED OPTOELECTRONICS, INC. (AAOI)
APPLIED OPTOELECTRONICS, INC. (AAOI)