AAOI
Applied Optoelectronics, Inc.
AAOI lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
BGIN
BGIN BLOCKCHAIN Ltd
There isn't enough reported data to score BGIN yet.
AAOI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
AAOI's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
BGIN Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Strong |
BGIN's balance sheet is currently strong, but its profitability is weak. There isn't enough data to rate its revenue and cash flow.
AAOI PE Valuation
AAOI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 18x next year's earnings.
BGIN PE Valuation
BGIN has no meaningful PE right now: it lost money over the past year.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.
BGIN Forward outlook
There aren't enough analyst estimates for BGIN to show an outlook.
AAOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.98 | — |
| Q3 2026 | -$0.42 | +$3.02 |
| Q2 2026 | -$0.77 | +$2.81 |
| Q1 2026 | -$0.65 | +$3.43 |
| Q4 2025 | -$0.64 | +$3.86 |
| Q3 2025 | -$3.44 | -$1.41 |
| Q2 2025 | -$3.58 | -$1.70 |
| Q1 2025 | -$4.08 | -$2.29 |
| Q4 2024 | -$4.50 | -$2.75 |
AAOI has the stronger earnings trend. Trailing diluted EPS is down 112% for AAOI versus BGIN down 203%.
BGIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | -$1.62 | -370% |
| Q4 2024 | $0.60 | -53% |
| Q3 2024 | $1.23 | +95% |
| Q2 2024 | $1.86 | +$1.88 |
| Q1 2024 | $1.58 | +$1.58 |
| Q4 2023 | $1.29 | +4200% |
| Q3 2023 | $0.63 | +950% |
| Q2 2023 | -$0.02 | -125% |
BGIN has swung to a loss: it lost $1.62 per share over the past year, after a profit the year before.
AAOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $269.9M | +127% |
| Q2 2026 | $191.9M | +86% |
| Q1 2026 | $151.1M | +51% |
| Q4 2025 | $134.3M | +34% |
| Q3 2025 | $118.6M | +82% |
| Q2 2025 | $103M | +138% |
| Q1 2025 | $99.9M | +146% |
| Q4 2024 | $100.3M | +66% |
AAOI has the stronger quarterly revenue trend. Revenue is up 127% for AAOI versus down 6.7% for BGIN.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.5% | +15 points |
| Q2 2026 | -13% | +2.6 points |
| Q1 2026 | -8.6% | +0.3 points |
| Q4 2025 | -8.6% | -2.1 points |
| Q3 2025 | -15% | +10 points |
| Q2 2025 | -16% | +45 points |
| Q1 2025 | -8.9% | +44 points |
| Q4 2024 | -6.5% | +1 points |
AAOI's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
BGIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $67.4M | -15% |
| Q4 2024 | $78.9M | -36% |
| Q3 2024 | $78.9M | -36% |
| Q2 2024 | $72.2M | +1418% |
| Q1 2024 | $72.2M | +1418% |
| Q4 2023 | $123.9M | +6480% |
| Q3 2023 | $123.9M | +6480% |
| Q2 2023 | $4.8M | -16% |
BGIN's revenue has slid since its 2023 peak: $67M last quarter, down 6.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -261% | -314 points |
| Q4 2024 | 3.1% | -66 points |
| Q3 2024 | 3.1% | -66 points |
| Q2 2024 | 53% | +27 points |
| Q1 2024 | 53% | +27 points |
| Q4 2023 | 69% | +234 points |
| Q3 2023 | 69% | +234 points |
| Q2 2023 | 26% | -24 points |
BGIN's operating margin was −261% last quarter, down 314 points from the same quarter a year ago, near the bottom of its range since 2021.
AAOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$369.9M | -$291.2M |
| Q2 2026 | -$265.3M | -$174.4M |
| Q1 2026 | -$143.6M | -$64.3M |
| Q4 2025 | -$104.6M | -$51.6M |
| Q3 2025 | -$78.7M | -$58M |
| Q2 2025 | -$91M | -$86M |
| Q1 2025 | -$79.3M | -$45.1M |
| Q4 2024 | -$53M | -$48.4M |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
BGIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$171.1M | -$111.1M |
BGIN and AAOI do not have enough comparable growth data to identify a winner.
AAOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.7% | +6.3M shares |
| 1 year | +39% | +24.5M shares |
| 3 years | +168% | +55.1M shares |
| 5 years | +224% | +60.7M shares |
| Available history | +340% | +67.9M shares |
AAOI has 88M diluted shares, up 39% from a year ago.
BGIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +1.2M shares |
| 1 year | +1.2% | +1.2M shares |
| 3 years | +52% | +37.2M shares |
BGIN has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BGIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.2x | Net Cash |
BGIN has more cash than debt.
AAOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.8 | Oversold |
AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
BGIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 26.5 | Neutral |
BGIN's weekly RSI is 56 (neutral) and its Stochastic is 27 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
BGIN PE vs Technology Sector
BGIN has no meaningful PE right now: it lost money over the past year.
AAOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 34% below |
| 20 week MA | $100.6 | 47% below |
| 50 week MA | $100.3 | 47% below |
| 100 week MA | $62.3 | 15% below |
| 200 week MA | $36.9 | 43% above |
BGIN has stronger trend alignment. AAOI is above 1 of 5 weekly averages versus BGIN above 3 of 3.
BGIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.02 | 37% above |
| 20 week MA | $1.97 | 40% above |
| 50 week MA | $2.56 | 7.8% above |
BGIN is in an uptrend: it's above all three of its weekly moving averages, and 7.8% above its 50-week average.
AAOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.5 | $8.77 | -24% |
| 2021 | $8.77 | $5.64 | -36% |
| 2022 | $5.64 | $1.95 | -65% |
| 2023 | $1.95 | $19.3 | +891% |
| 2024 | $19.3 | $37.7 | +95% |
| 2025 | $37.7 | $37.2 | -1.5% |
| 2026 YTD | $37.2 | $52.9 | +42% |
AAOI has the edge over BGIN on returns for 2026, with the stronger performance.
BGIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $4.70 | $2.50 | -47% |
| 2026 YTD | $2.50 | $2.76 | +10% |
BGIN has finished every year since 2025 lower, and it's up 10% so far in 2026.