For the quarter ending 2026-03-31, AAOI had $233,342K increase in cash & cash equivalents over the period. -$143,578K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -14,281 | -2,022 | -17,936 | -9,098 |
| Allowance for bad debt | 8 | -1 | 4 | 1 |
| Inventory reserve adjustment | 2,436 | 2,416 | 1,655 | 1,856 |
| Depreciation and amortization | 9,229 | 8,205 | 7,366 | 6,400 |
| Amortization of debt issuance costs and premium | -258 | -251 | -266 | -505 |
| Amortization of convertible notes premium | 0 | - | - | - |
| Deferred tax asset | 1,049 | -7,575 | - | - |
| Gain on disposal of assets | -16 | -7 | -22 | -1 |
| Loss on debt extinguishment | - | 0 | - | - |
| Share-based compensation | 4,391 | 2,868 | 3,116 | 3,164 |
| Warrants contra revenue | 963 | 732 | 38 | 53 |
| Unrealized foreign exchange loss | -1,217 | 213 | -5,714 | 5,479 |
| Accounts receivable, trade | 54,444 | 20,365 | 12,580 | 40,352 |
| Trade notes receivable | - | - | 0 | 0 |
| Inventories, net | 25,329 | 16,110 | 33,564 | 34,854 |
| Other current assets | 6,188 | 2,183 | 9,870 | 1,716 |
| Operating right of use asset | -23,063 | -9,049 | -20,647 | -11,518 |
| Accounts payable | 4,228 | -6,213 | 17,183 | 8,097 |
| Accrued liabilities | -9,159 | 10,844 | 10,540 | 6,696 |
| Unearned revenue | - | 0 | 0 | 0 |
| Lease liability | 23,832 | 9,333 | 20,763 | 11,568 |
| Net cash used in operating activities | -85,353 | -29,577 | -28,462 | -65,474 |
| Purchase of property, plant and equipment | 58,225 | 75,035 | 50,245 | 25,479 |
| Proceeds from disposal of equipment | - | 5 | - | - |
| Deposits and deferred charges | 9,744 | 9,793 | 108 | 13,334 |
| Purchase of intangible assets | 118 | 109 | 125 | 80 |
| Net cash used in investing activities | -68,087 | -84,932 | -50,478 | -38,893 |
| Principal payments of long-term debt and notes payable | 0 | - | - | - |
| Proceeds from line of credit borrowings | 16,348 | 9,873 | 29,214 | 15,565 |
| Repayments of line of credit borrowings | 9,562 | 4,233 | 24,070 | 15,565 |
| Proceeds from bank acceptance payable | 35,231 | 32,779 | 33,111 | 31,652 |
| Repayments of bank acceptance payable | 33,447 | 33,806 | 31,406 | 23,642 |
| Payments of tax withholding on behalf of employees related to share-based compensation | 7,444 | - | -1,743 | -7,438 |
| Payment on convertible notes | 16 | 0 | 25 | 56 |
| Process from issuance of convertible senior notes, net of debt issuance cost | - | 0 | - | - |
| Principal payments of financing lease | - | 0 | - | - |
| Exercise of stock options | - | 0 | - | - |
| Payments of tax withholding on behalf of employees related to share-based compensation | - | 10,454 | 0 | -1,686 |
| Proceeds from common stock offering, net | 382,448 | 176,353 | 146,791 | 124,105 |
| Payments of tax withholding on behalf of employees related to share-based compensation-Performance Shares | - | 0 | - | - |
| Net cash provided by financing activities | 389,265 | 179,693 | 152,255 | 125,979 |
| Effect of exchange rate changes on cash | -2,483 | 134 | -9,793 | -1,228 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 233,342 | 65,318 | 63,522 | 20,384 |
| Cash, cash equivalents and restricted cash at beginning of period | 216,035 | 150,717 | 87,195 | 66,811 |
| Cash, cash equivalents and restricted cash at end of period | 449,377 | 216,035 | 150,717 | 87,195 |
APPLIED OPTOELECTRONICS, INC. (AAOI)
APPLIED OPTOELECTRONICS, INC. (AAOI)