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.
BVC
BitVentures Limited
There isn't enough reported data to score BVC 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.
BVC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Strong |
BVC's profitability and balance sheet are currently healthy. 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.
BVC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1.1x | $0.47 | -97% |
| Fair | 4.2x | $1.73 | -89% |
| Expensive | 6.3x | $2.58 | -84% |
| Current | 20x | $16.39 | — |
Historical ranges are pointers, not guarantees.
BVC's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
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.
BVC Forward outlook
There aren't enough analyst estimates for BVC 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 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.
BVC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.41 | +$1.01 |
| Q2 2025 | -$0.60 | -$0.50 |
| Q2 2024 | -$0.10 | -103% |
| Q2 2023 | $3.36 | -47% |
| Q2 2022 | $6.32 | +1.4% |
BVC has the edge over AAOI in the latest year-over-year earnings comparison.
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 BVC in the latest year-over-year revenue comparison.
| 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 BVC on profitability, with a higher operating margin.
BVC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2024 | $28M | -91% |
| Q2 2023 | $313.9M | +7.7% |
| Q2 2022 | $291.5M | +5.9% |
| Q2 2021 | $275.3M | +425% |
BVC's revenue is shrinking: $498,000 last quarter, down 100% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -455% | -472 points |
| Q2 2024 | -1.8% | -15 points |
| Q2 2023 | 9.4% | -4.1 points |
| Q2 2022 | 17% | N/A |
| Q2 2021 | 15% | N/A |
| Q2 2020 | 13% | N/A |
| Q1 2020 | 14% | N/A |
BVC's operating margin was −455% last quarter, down 470 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
BVC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.9M | +$10.3M |
BVC 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 the edge over BVC on shareholder dilution, with a more favorable share count trend.
BVC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4.3% | -379K shares |
| 1 year | +69% | +3.4M shares |
BVC has 8M diluted shares, up 69% from a year ago.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BVC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | -1.5x | Net Cash |
BVC 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).
BVC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.9 | Neutral |
| Stochastic | 68.8 | Neutral |
BVC's weekly RSI is 63 (neutral) and its Stochastic is 69 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
BVC PE vs Technology Sector
| Metric | BVC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 28% below |
| PE % | 93 | 41 | 52 pts above |
BVC is trading at 20x earnings, a 28% discount to the Technology sector's median of 28x, though its earnings don't support one.
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.
BVC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.6 | 21% above |
| 20 week MA | $13.1 | 25% above |
| 50 week MA | $11.0 | 49% above |
| 100 week MA | $10.6 | 55% above |
| 200 week MA | $23.4 | 30% below |
BVC 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 BVC on returns for 2026, with the stronger performance.
BVC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $99.0 | $55.9 | -44% |
| 2022 | $55.9 | $62.9 | +13% |
| 2023 | $62.9 | $18.5 | -71% |
| 2024 | $18.5 | $7.10 | -62% |
| 2025 | $7.10 | $12.0 | +69% |
| 2026 YTD | $12.0 | $16.4 | +37% |
BVC is up 37% so far in 2026, after finishing lower in three of the previous five years.