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.
ORIO
Orion Digital Corp.
There isn't enough reported data to score ORIO 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.
ORIO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Weak |
ORIO's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet 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.
ORIO PE Valuation
ORIO 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.
ORIO Forward outlook
There aren't enough analyst estimates for ORIO 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.
ORIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.55 | -558% |
| Q1 2026 | -$0.13 | +$0.63 |
| Q4 2025 | -$0.31 | +$0.25 |
| Q3 2025 | $0.22 | +$0.75 |
| Q2 2025 | $0.12 | +$0.79 |
| Q1 2025 | -$0.76 | +$0.54 |
| Q4 2024 | -$0.56 | +$1.38 |
| Q3 2024 | -$0.53 | +$10.28 |
ORIO 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 ORIO 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'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.
ORIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $11.8M | -0.5% |
| Q1 2026 | $11.7M | -4.2% |
| Q4 2025 | $16.8M | +32% |
| Q3 2025 | $11.9M | -4.1% |
| Q2 2025 | $11.9M | -3.1% |
| Q1 2025 | $12.2M | -3.5% |
| Q4 2024 | $12.7M | +4.7% |
| Q3 2024 | $12.4M | +13% |
ORIO's revenue has picked up after three years of holding roughly level: $12M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.5% | +11 points |
| Q1 2026 | -22% | -14 points |
| Q4 2025 | -0.5% | +0.2 points |
| Q3 2025 | -3.4% | -1.2 points |
| Q2 2025 | -3.6% | +51 points |
| Q1 2025 | -8% | -3.5 points |
| Q4 2024 | -0.7% | -78 points |
| Q3 2024 | -2.3% | +38 points |
ORIO 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.
ORIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $1.3M | +432% |
| Q1 2026 | $2.3M | +3154% |
| Q4 2025 | $3.7M | +$3.8M |
| Q3 2025 | -$2.5M | -673% |
| Q2 2025 | $236.2K | -89% |
| Q1 2025 | $71.7K | -95% |
| Q4 2024 | -$182.8K | -106% |
| Q3 2024 | $444.3K | -80% |
ORIO has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
ORIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -43K shares |
| 1 year | -1.7% | -416K shares |
| 3 years | +279% | +17.5M shares |
| 5 years | +294% | +17.8M shares |
| Available history | +938% | +21.5M shares |
ORIO has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $105,456 |
| Q1 2026 | $49,339 |
| Q4 2025 | $35,123 |
| Q3 2025 | $505 |
| Q2 2025 | $743,813 |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ORIO spent $190,423 buying back its own shares over the past year, down 74% from the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ORIO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 5.7x | High |
| Q4 2025 | 17.4x | High |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 4.1x | High |
| Q4 2024 | 20.3x | High |
| Q3 2024 | 14.0x | High |
| Q2 2024 | 13.9x | High |
| Q1 2024 | 5.4x | High |
ORIO's net debt is about 5.7 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
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).
ORIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 66.5 | Neutral |
ORIO's weekly RSI is 53 (neutral) and its Stochastic is 66 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
ORIO PE vs Technology Sector
| Metric | ORIO | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
ORIO 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.
ORIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.98 | 3.1% above |
| 20 week MA | $0.90 | 12% above |
| 50 week MA | $0.99 | 2% above |
| 100 week MA | $1.20 | 16% below |
| 200 week MA | $1.45 | 30% below |
ORIO 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 ORIO on returns for 2026, with the stronger performance.
ORIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.53 | $10.9 | +45% |
| 2021 | $10.9 | $11.0 | +1.1% |
| 2022 | $11.0 | $1.35 | -88% |
| 2023 | $1.35 | $1.84 | +36% |
| 2024 | $1.84 | $1.30 | -29% |
| 2025 | $1.30 | $1.04 | -20% |
| 2026 YTD | $1.04 | $1.01 | -2.9% |
ORIO has finished lower in three of the last six years. It's down 2.9% so far in 2026.