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.
EXFY
Expensify, Inc.
There isn't enough reported data to score EXFY 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.
EXFY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Unavailable | |
| Strong |
EXFY's balance sheet is currently strong, and its revenue is stable, but its profitability is under pressure. 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.
EXFY PE Valuation
EXFY 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 |
AAOI has the edge over EXFY on the outlook, with more favorable earnings and revenue expectations.
EXFY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect EXFY's earnings and profitability to decline, with its revenue holding steady. 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.
EXFY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.09 | — |
| Q3 2026 | -$0.17 | +$0.02 |
| Q2 2026 | -$0.16 | +$0.02 |
| Q1 2026 | -$0.22 | -$0.11 |
| Q4 2025 | -$0.23 | -$0.11 |
| Q3 2025 | -$0.19 | -$0.02 |
| Q2 2025 | -$0.18 | +$0.18 |
| Q1 2025 | -$0.11 | +$0.36 |
| Q4 2024 | -$0.12 | +$0.38 |
EXFY 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 EXFY 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 EXFY on profitability, with a higher operating margin.
EXFY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $33M | -5.8% |
| Q2 2026 | $33.9M | -5.3% |
| Q1 2026 | $34M | -5.8% |
| Q4 2025 | $35.2M | -4.9% |
| Q3 2025 | $35.1M | -1% |
| Q2 2025 | $35.8M | +7.4% |
| Q1 2025 | $36.1M | +7.6% |
| Q4 2024 | $37M | +5.1% |
EXFY's revenue has slid since its 2022 peak: $33M last quarter, down 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -8.1% | -1.7 points |
| Q2 2026 | -8.6% | +20 points |
| Q1 2026 | -5.8% | -1.7 points |
| Q4 2025 | -11% | -12 points |
| Q3 2025 | -6.4% | -7.3 points |
| Q2 2025 | -29% | -30 points |
| Q1 2025 | -4.1% | +1.2 points |
| Q4 2024 | 1.3% | +18 points |
EXFY's operating margin was −8.1% last quarter, down 1.7 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 |
EXFY has the stronger cash trend. Its trailing FCF is down 24% versus its history, compared with AAOI at down 676%.
EXFY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.8M | -9.1% |
| Q1 2026 | $118K | -98% |
| Q4 2025 | $2.2M | -70% |
| Q3 2025 | $4.2M | +13% |
| Q1 2025 | $4.8M | +38% |
| Q4 2024 | $7.4M | +$8.2M |
| Q3 2024 | $3.7M | +$9.4M |
| Q2 2024 | $9.3M | +$10.2M |
EXFY still generates free cash flow, though less than at its 2022 peak: $10M over the past year.
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.
EXFY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4.1% | -3.9M shares |
| 1 year | -1.1% | -1M shares |
| 3 years | +11% | +9.1M shares |
| 5 years | +165% | +57M shares |
| Available history | +13% | +10.5M shares |
EXFY has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2M |
| Q4 2025 | $3M |
| Q3 2025 | $3M |
| Q4 2024 | — |
| Q3 2024 | $1.5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2021 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
EXFY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | -8.7x | Net Cash |
| Q4 2024 | -8.1x | Net Cash |
| Q3 2021 | -0.8x | Net Cash |
| Q2 2021 | 0.2x | Very low |
| Q1 2021 | 0.6x | Very low |
| Q4 2020 | 2.1x | Moderate |
| Q1 2020 | -0.7x | Net Cash |
| Q4 2019 | 27.5x | High |
EXFY 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).
EXFY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 32.6 | Neutral |
EXFY's weekly RSI is 46 (neutral) and its Stochastic is 33 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
EXFY PE vs Technology Sector
EXFY 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.
EXFY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.27 | 18% below |
| 20 week MA | $2.20 | 15% below |
| 50 week MA | $1.61 | 16% above |
| 100 week MA | $2.06 | 9.7% below |
| 200 week MA | $3.01 | 38% below |
EXFY's trend is mixed: it's above one of its five weekly moving averages, and 38% 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 EXFY on returns for 2026, with the stronger performance.
EXFY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $47.6 | $36.9 | -22% |
| 2022 | $36.9 | $8.61 | -77% |
| 2023 | $8.61 | $2.47 | -71% |
| 2024 | $2.47 | $3.47 | +40% |
| 2025 | $3.47 | $1.55 | -55% |
| 2026 YTD | $1.55 | $1.86 | +20% |
EXFY has finished lower in four of the last five years. It's up 20% so far in 2026.