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.
DFDV
DeFi Development Corp.
There isn't enough reported data to score DFDV 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.
DFDV Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Unavailable | |
| Healthy |
DFDV's revenue and balance sheet are currently healthy, but its profitability is weak. There isn't enough data to rate its 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.
DFDV PE Valuation
DFDV 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.
DFDV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect DFDV's losses to shrink, 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 has the edge over DFDV on earnings, with more consistent year-over-year improvement.
DFDV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$8.51 | -435% |
| Q2 2026 | -$8.59 | -1382% |
| Q1 2026 | -$6.75 | -$6.50 |
| Q4 2025 | -$3.65 | -$3.37 |
| Q3 2025 | $2.54 | +$2.92 |
| Q2 2025 | $0.67 | +$1.19 |
| Q1 2025 | -$0.25 | +$0.26 |
DFDV has swung to a loss: it lost $8.51 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's revenue has grown year over year for 10 quarters in a row: $270M last quarter, up 127% from the same quarter a year ago.
| 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.
DFDV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.4M | -47% |
| Q2 2026 | $3.3M | +67% |
| Q1 2026 | $2.7M | +828% |
| Q4 2025 | $4.5M | +614% |
| Q3 2025 | $4.6M | +648% |
| Q2 2025 | $2M | +350% |
| Q1 2025 | $287.2K | -30% |
| Q4 2024 | $628.9K | +80% |
DFDV's revenue is growing: $2M last quarter, down 47% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1485% | -74 points |
| Q2 2026 | -689% | -1555 points |
| Q1 2026 | -2073% | -1765 points |
| Q4 2025 | -2781% | -2673 points |
| Q3 2025 | 1559% | +1632 points |
| Q2 2025 | 866% | +1059 points |
| Q1 2025 | -308% | -60 points |
| Q4 2024 | -108% | +248 points |
DFDV 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.
DFDV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.9M | -$1.9M |
| Q4 2025 | -$10.9M | -$10.7M |
| Q3 2025 | -$5M | -$4.6M |
| Q4 2024 | -$185.9K | +$493.5K |
DFDV has burned cash in almost every quarter: −$33M over the past year, against −$2M the year before.
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 DFDV on shareholder dilution, with a more favorable share count trend.
DFDV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +31% | +8.6M shares |
| 1 year | +86% | +16.6M shares |
DFDV has 36M diluted shares, up 86% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $10.5M |
| Q4 2024 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
DFDV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.2x | Healthy |
DFDV's net debt is about 1.4 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).
DFDV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.4 | Neutral |
| Stochastic | 15.6 | Oversold |
DFDV's weekly RSI is 40 (neutral) and its Stochastic is 16 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
DFDV PE vs Technology Sector
| Metric | DFDV | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
DFDV 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 stronger trend alignment. AAOI is above 1 of 5 weekly averages versus DFDV above 0 of 4.
DFDV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.11 | 28% below |
| 20 week MA | $3.96 | 26% below |
| 50 week MA | $4.26 | 31% below |
| 100 week MA | $7.73 | 62% below |
DFDV is in a downtrend: it's below all four of its weekly moving averages, and 62% below its 100-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 DFDV on returns for 2026, with the stronger performance.
DFDV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $2.48 | $1.18 | -52% |
| 2024 | $1.18 | $0.72 | -39% |
| 2025 | $0.72 | $5.76 | +700% |
| 2026 YTD | $5.76 | $2.95 | -49% |
DFDV's yearly returns have swung widely, from +700% in 2025 to −52% in 2023. It's down 49% so far in 2026.