APPLIED OPTOELECTRONICS, INC.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
AAOI$52.10+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands except the par value)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $206,140 | $67,428 |
| Restricted cash | 9,895 | 11,705 |
| Accounts receivable, net | 244,404 | 116,801 |
| Inventories | 183,105 | 88,135 |
| Prepaid expenses and other current assets | 32,183 | 17,199 |
| Total current assets | 675,727 | 301,268 |
| Property, plant and equipment, net | 376,050 | 219,235 |
| Land use rights, net | 4,825 | 4,837 |
| Operating right of use asset | 49,697 | 9,646 |
| Intangible assets, net | 3,623 | 3,680 |
| Other assets, net | 58,501 | 8,366 |
| TOTAL ASSETS | $1,168,423 | $547,032 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $143,932 | $104,969 |
| Bank acceptance payable | 33,363 | 19,259 |
| Accrued liabilities | 42,491 | 22,091 |
| Current lease liability - operating | 3,522 | 1,380 |
| Current portion of notes payable and long-term debt | 33,975 | 22,370 |
| Total current liabilities | 257,283 | 170,069 |
| Convertible senior notes | 129,829 | 134,497 |
| Non-current lease liability - operating | 47,393 | 9,041 |
| Long-term debt | — | 4,313 |
| TOTAL LIABILITIES | 434,505 | 317,920 |
| Commitments and contingencies ( Note T) | ||
| Stockholders' equity: | ||
| Preferred Stock: 5,000 shares authorized at $0.001 par value; no shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | — | — |
| 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 |
| Additional paid-in capital | 1,224,538 | 683,462 |
| Accumulated other comprehensive loss | (617) | (2,548) |
| Accumulated deficit | (490,078) | (451,851) |
| TOTAL STOCKHOLDERS' EQUITY | 733,918 | 229,112 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,168,423 | $547,032 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.