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.
DRK
Sphere 3D Corp.
There isn't enough reported data to score DRK 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.
DRK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Unavailable |
DRK's revenue is currently stable, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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.
DRK PE Valuation
DRK 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.
DRK Forward outlook
There aren't enough analyst estimates for DRK 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.
DRK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.78 | -$0.53 |
| Q2 2026 | -$8.63 | -$2.93 |
| Q1 2026 | -$5.35 | -$0.05 |
| Q4 2025 | -$7.37 | -$2.57 |
| Q3 2025 | -$7.25 | +$3.80 |
| Q2 2025 | -$5.70 | +$10.40 |
| Q1 2025 | -$5.30 | +$16.20 |
| Q4 2024 | -$4.80 | +$17.50 |
DRK is still losing money, but far less than before: $7.78 per share over the past year, against $22.30 at its worst in late 2023.
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 DRK 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 DRK on profitability, with a higher operating margin.
DRK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3M | +16% |
| Q2 2026 | $2.5M | -19% |
| Q1 2026 | $1.9M | -32% |
| Q4 2025 | $2.7M | +3.1% |
| Q3 2025 | $2.6M | +11% |
| Q2 2025 | $3M | -35% |
| Q1 2025 | $2.8M | -59% |
| Q4 2024 | $2.6M | -66% |
DRK's revenue is recovering but still below its 2023 peak: $3M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -191% | -37 points |
| Q2 2026 | -564% | -477 points |
| Q1 2026 | -216% | -31 points |
| Q4 2025 | -373% | -44 points |
| Q3 2025 | -154% | +65 points |
| Q2 2025 | -87% | +35 points |
| Q1 2025 | -184% | -157 points |
| Q4 2024 | -329% | -132 points |
DRK's operating margin was −191% last quarter, down 37 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.
DRK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$4.5M | +$1.3M |
| Q2 2026 | -$5.3M | +$745K |
| Q1 2026 | -$3.7M | +$1.4M |
| Q4 2025 | -$6.7M | -$904K |
| Q3 2025 | -$5.7M | -$1.4M |
| Q2 2025 | -$6.1M | -$2.8M |
| Q1 2025 | -$5.1M | -$5M |
| Q4 2024 | -$5.8M | -$5.3M |
DRK 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 the edge over DRK on shareholder dilution, with a more favorable share count trend.
DRK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +71% | +3.7M shares |
| 1 year | +219% | +6.1M shares |
| 3 years | +8805% | +8.7M shares |
DRK has 9M diluted shares, up 219% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
DRK Net Leverage
DRK's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
DRK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.7 | Neutral |
| Stochastic | 5.2 | Oversold |
DRK's weekly RSI is 42 (neutral) and its Stochastic is 5 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
DRK PE vs Technology Sector
DRK 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 DRK on trend strength, trading above more of its moving averages.
DRK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.18 | 24% below |
| 20 week MA | $2.26 | 27% below |
| 50 week MA | $2.34 | 29% below |
| 100 week MA | $4.61 | 64% below |
| 200 week MA | $10.8 | 85% below |
DRK is in a downtrend: it's below all five of its weekly moving averages, and 85% 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 DRK on returns for 2026, with the stronger performance.
DRK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.2 | $109.2 | +113% |
| 2021 | $109.2 | $247.8 | +127% |
| 2022 | $247.8 | $21.0 | -92% |
| 2023 | $21.0 | $33.2 | +58% |
| 2024 | $33.2 | $9.61 | -71% |
| 2025 | $9.61 | $3.61 | -62% |
| 2026 YTD | $3.61 | $1.66 | -54% |
DRK's yearly returns have swung widely, from +127% in 2021 to −92% in 2022. It's down 54% so far in 2026.