AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over BLIN overall, supported by stronger modeled upside and stronger fundamentals.
BLIN
Bridgeline Digital, Inc.
BLIN 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.
BLIN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
BLIN's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow 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.
BLIN PE Valuation
BLIN 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 5.1x next year's earnings.
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.
BLIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect BLIN to return to profit, with revenue growing.
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.
BLIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.12 | — |
| Q2 2026 | -$0.11 | +$0.16 |
| Q1 2026 | -$0.14 | +$0.09 |
| Q4 2025 | -$0.20 | -$0.01 |
| Q3 2025 | -$0.25 | -$0.06 |
| Q2 2025 | -$0.27 | +$0.66 |
| Q1 2025 | -$0.23 | +$0.74 |
| Q4 2024 | -$0.19 | +$0.77 |
| Q3 2024 | -$0.19 | +$0.72 |
BLIN has the edge over AAOI on earnings, with more consistent year-over-year improvement.
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 BLIN 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 has the edge over BLIN on profitability, with a higher operating margin.
BLIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.9M | +2% |
| Q1 2026 | $3.9M | +1.1% |
| Q4 2025 | $3.9M | +3.2% |
| Q3 2025 | $3.9M | +0.2% |
| Q2 2025 | $3.8M | -2.3% |
| Q1 2025 | $3.9M | +1.9% |
| Q4 2024 | $3.8M | +1% |
| Q3 2024 | $3.9M | +1.7% |
BLIN's revenue grew through 2021 and has held roughly level since: $4M last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -12% | +5.9 points |
| Q1 2026 | -11% | +8.3 points |
| Q4 2025 | -4.4% | +9.1 points |
| Q3 2025 | -12% | 0 points |
| Q2 2025 | -18% | -8.2 points |
| Q1 2025 | -19% | -5.6 points |
| Q4 2024 | -13% | +3.4 points |
| Q3 2024 | -12% | +204 points |
BLIN's operating margin was −12% last quarter, up 5.9 points from the same quarter a year ago.
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.
BLIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $139K | +$709K |
| Q1 2026 | -$57K | +$317K |
| Q4 2025 | -$46K | -127% |
| Q3 2025 | -$351K | -266% |
| Q2 2025 | -$570K | -$551K |
| Q1 2025 | -$374K | -$283K |
| Q4 2024 | $173K | +$1.1M |
| Q3 2024 | $212K | +$286K |
BLIN 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.
BLIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +66.4K shares |
| 1 year | +1.7% | +200K shares |
| 3 years | +17% | +1.7M shares |
| 5 years | +143% | +7.1M shares |
| Available history | +334% | +9.3M shares |
BLIN 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.
BLIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | -346.2x | Net Cash |
| Q2 2021 | -4.4x | Net Cash |
| Q1 2021 | -1.1x | Net Cash |
BLIN 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).
BLIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.3 | Oversold |
| Stochastic | 1.2 | Oversold |
BLIN's weekly RSI is 26 (oversold) and its Stochastic is 1 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
BLIN PE vs Technology Sector
| Metric | BLIN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
BLIN 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 the edge over BLIN on trend strength, trading above more of its moving averages.
BLIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.71 | 14% below |
| 20 week MA | $0.92 | 34% below |
| 50 week MA | $0.93 | 34% below |
| 100 week MA | $1.21 | 50% below |
| 200 week MA | $1.11 | 45% below |
BLIN is in a downtrend: it's below all five of its weekly moving averages, and 45% below its 200-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 BLIN on returns for 2026, with the stronger performance.
BLIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.90 | $2.68 | +41% |
| 2021 | $2.68 | $2.42 | -9.7% |
| 2022 | $2.42 | $1.03 | -57% |
| 2023 | $1.03 | $0.87 | -16% |
| 2024 | $0.87 | $1.43 | +64% |
| 2025 | $1.43 | $0.93 | -35% |
| 2026 YTD | $0.93 | $0.61 | -34% |
BLIN has finished lower in four of the last six years. It's down 34% so far in 2026.