AAOI
Applied Optoelectronics, Inc.
AAOI has a slight edge over BKSY overall, supported by stronger modeled upside.
BKSY
BlackSky Technology Inc.
BKSY has lower modeled downside risk, despite its lower overall score.
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.
BKSY Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Under pressure | |
| Weak |
BKSY's revenue is currently strong, but its profitability, cash flow and balance sheet are under pressure.
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.
BKSY PE Valuation
BKSY 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.
BKSY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect BKSY's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
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 is still losing money, but far less than before: $0.42 per share over the past year, against $4.50 at its worst in late 2024.
BKSY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.28 | +$2.69 |
| Q2 2026 | -$1.82 | +$2.37 |
| Q1 2026 | -$2.55 | +$0.85 |
| Q4 2025 | -$2.15 | +$1.71 |
| Q3 2025 | -$3.97 | -$1.79 |
| Q2 2025 | -$4.19 | -$2.67 |
| Q1 2025 | -$3.40 | -$0.44 |
| Q4 2024 | -$3.86 | -$0.66 |
BKSY is still losing money, but far less than before: $1.28 per share over the past year, against $7.86 at its worst in mid-2022.
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 edge over BKSY on sales, with more consistent year-over-year improvement.
| 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.
BKSY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.8M | +118% |
| Q2 2026 | $33.3M | +50% |
| Q1 2026 | $20.8M | -30% |
| Q4 2025 | $35.2M | +16% |
| Q3 2025 | $19.6M | -13% |
| Q2 2025 | $22.2M | -11% |
| Q1 2025 | $29.5M | +22% |
| Q4 2024 | $30.4M | -14% |
BKSY's revenue is growing: $43M last quarter, up 118% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.9% | +87 points |
| Q2 2026 | -23% | +39 points |
| Q1 2026 | -89% | -49 points |
| Q4 2025 | -12% | +8.2 points |
| Q3 2025 | -86% | -27 points |
| Q2 2025 | -63% | -16 points |
| Q1 2025 | -41% | +14 points |
| Q4 2024 | -20% | -7 points |
BKSY has the edge over AAOI on profitability, with a higher operating margin.
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.
BKSY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67K | +$42.9M |
| Q2 2026 | -$6.9M | +$4M |
| Q1 2026 | -$6.2M | -127% |
| Q4 2025 | -$13.6M | -$8.4M |
| Q3 2025 | -$42.8M | -$38.1M |
| Q2 2025 | -$10.9M | -$5.8M |
| Q1 2025 | $22.8M | +$29.9M |
| Q4 2024 | -$5.2M | -$605K |
BKSY has the edge over AAOI on cash flow, with more consistent year-over-year improvement.
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.
BKSY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +4.9M shares |
| 1 year | +23% | +8.1M shares |
| 3 years | +152% | +26.1M shares |
BKSY has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BKSY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 71.3x | High |
| Q3 2024 | 29.7x | High |
| Q2 2024 | 253.9x | High |
BKSY's net debt is more than 20 years of its operating earnings (EBITDA).
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).
BKSY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 28.8 | Neutral |
BKSY's weekly RSI is 49 (neutral) and its Stochastic is 29 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
BKSY PE vs Technology Sector
BKSY 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 |
AAOI has fallen below most of its moving averages, though it's still 43% above its 200-week average.
BKSY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.4 | 14% above |
| 20 week MA | $22.9 | 1.6% above |
| 50 week MA | $26.1 | 11% below |
| 100 week MA | $20.7 | 12% above |
| 200 week MA | $15.6 | 49% above |
BKSY has the edge over AAOI on trend strength, trading above more of its moving averages.
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 BKSY on returns for 2026, with the stronger performance.
BKSY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2019 | $78.4 | $78.0 | -0.5% |
| 2020 | $78.0 | $85.2 | +9.2% |
| 2021 | $85.2 | $42.4 | -50% |
| 2022 | $42.4 | $12.4 | -71% |
| 2023 | $12.4 | $11.2 | -9.7% |
| 2024 | $11.2 | $11.3 | +0.5% |
| 2025 | $11.3 | $19.3 | +71% |
| 2026 YTD | $19.3 | $23.2 | +20% |
BKSY has finished lower in three of the last six years. It's up 20% so far in 2026.