A company still losing money with growing sales, with high risk.
Going well
Sales up 86% in the latest quarter vs a year ago
Sales up 83% last year
Little debt
Watch out for
About 14 months of cash left at its current burn
Share count growing 29.3% a year (dilution)
Losing money
Money moves
Insiders sold $1.1M in the last 30 days, all through pre-planned sales
Institutions cut 3.9% from their holdings in the quarter ending June 2026 (302 bought, 206 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$71.90+6.5% that day
Company value
$6.1B
Share price times all shares
Price vs sales
10.2x
No profit over the last year, so this compares value with sales instead
Cash vs value
8%
Cash as a share of company value
Debt vs value
1%
Debt as a share of company value
From AAOI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$191.9M+86% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $596.0M, up 62% from the 12 months before. Over 5 years, sales grew about 14% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of AAOI. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$2.2B
Profit in 5 years$221M
Price these guesses point to$24.37-66% vs $71.90 todayAbout -19% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 61% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.