APPLIED OPTOELECTRONICS, INC.

Semiconductors & Related Devices·SUGAR LAND, TX·FY end 12/31·CIK 1158114

CEO Pay Ratio

469:1

Chih-Hsiang (Thompson) Lin

CEO Total Comp

$4.8M

Chih-Hsiang (Thompson) Lin

Median Employee

$10,177

Revenue

$455.7M

FY 2025

Net Income

-$38.2M

FY 2025

Free Cash Flow

-$353.6M

FY 2025

Net Margin

-8.4%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

-12.48%

For every $1,000 of profit, $-124.75 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$455.7M	$249.4M	$217.6M	$222.8M	$211.6M
Gross Profit	$136.9M	$61.8M	$58.9M	$33.6M	$37.7M
Operating Income	-$54.6M	-$70.9M	-$41.3M	-$59.0M	-$56.8M
Net Income	-$38.2M	-$186.7M	-$56.0M	-$66.4M	-$54.2M
Operating CF	-$174.4M	-$69.5M	-$7.9M	-$14.0M	-$11.6M
Capex	$179.1M	$43.4M	$9.1M	$3.2M	$8.0M
Free Cash Flow	-$353.6M	-$112.9M	-$17.0M	-$17.2M	-$19.6M
Buybacks	—	—	—	—	—	—
Dividends	—	—	—	—	—	—

Gross Margin	30.0%	24.8%	27.1%	15.1%	17.8%
Operating Margin	-12.0%	-28.4%	-19.0%	-26.5%	-26.8%
Net Margin	-8.4%	-74.9%	-25.8%	-29.8%	-25.6%
FCF Margin	-77.6%	-45.3%	-7.8%	-7.7%	-9.3%
R&D / Revenue	18.8%	22.0%	16.5%	16.3%	19.5%
Effective Tax	18.1%	-0.0%	-0.0%	-0.0%	-0.0%
Debt / Equity	0.05	0.14	0.11	0.31	0.23
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Chih-Hsiang (Thompson) LinPresident and Chief Executive Officer	$828.7K	$2.8M	—	$1.0M	$93.6K	$4.8M
Stefan J. MurryChief Financial Officer and Chief Strategy Officer	$517.1K	$1.1M	—	$386.8K	$46.4K	$2.1M
Hung-Lun (Fred) ChangSenior Vice President and North America General Manager	$444.3K	$896.1K	—	$348.0K	$21.3K	$1.7M
David C. KuoSenior Vice President, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary	$356.8K	$597.4K	—	$256.3K	$14.9K	$1.2M