AAOI
Applied Optoelectronics, Inc.
AAOI has the edge over PSFE overall, supported by stronger fundamentals and stronger modeled upside.
PSFE
Paysafe Limited
PSFE has lower modeled downside risk, despite its lower overall score.
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.
PSFE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Healthy | |
| Weak |
PSFE's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are weak.
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.
PSFE PE Valuation
PSFE 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.
PSFE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PSFE, with profitability improving. 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 has the edge over PSFE on earnings, with more consistent year-over-year improvement.
PSFE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.12 | — |
| Q3 2026 | -$7.02 | -$4.86 |
| Q2 2026 | -$3.80 | -$2.95 |
| Q1 2026 | -$3.52 | -$3.50 |
| Q4 2025 | -$3.14 | -972% |
| Q3 2025 | -$2.16 | -$1.78 |
| Q2 2025 | -$0.85 | -$0.64 |
| Q1 2025 | -$0.02 | +$0.20 |
| Q4 2024 | $0.36 | +$0.69 |
PSFE lost $7.02 per share over the past year, and its loss has widened in each of the last seven quarters.
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 PSFE 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 PSFE on profitability, with a higher operating margin.
PSFE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $439.6M | +1.3% |
| Q2 2026 | $447.4M | +4.5% |
| Q1 2026 | $442.7M | +10% |
| Q4 2025 | $438.4M | +4.4% |
| Q3 2025 | $433.8M | +1.6% |
| Q2 2025 | $428.2M | -2.7% |
| Q1 2025 | $401M | -4% |
| Q4 2024 | $420.1M | +1.3% |
PSFE's revenue has grown year over year for five quarters in a row: $440M last quarter, up 1.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -42% | -51 points |
| Q2 2026 | -2.8% | -7.6 points |
| Q1 2026 | 0.2% | -2.3 points |
| Q4 2025 | 0.5% | -6.6 points |
| Q3 2025 | 9% | +0.9 points |
| Q2 2025 | 4.8% | -3.5 points |
| Q1 2025 | 2.6% | -5.3 points |
| Q4 2024 | 7% | -4.1 points |
PSFE's operating margin was −42% last quarter, down 51 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
PSFE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.4M | -58% |
| Q2 2026 | $24.5M | -33% |
| Q1 2026 | $63.3M | +32% |
| Q4 2025 | $71.8M | +32% |
| Q3 2025 | $66.9M | -15% |
| Q2 2025 | $36.8M | -26% |
| Q1 2025 | $48.2M | -13% |
| Q4 2024 | $54.4M | -91% |
PSFE 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.
PSFE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -50.2K shares |
| 1 year | -9.3% | -5.4M shares |
| 3 years | -15% | -9.4M shares |
| 5 years | -13% | -8.1M shares |
| Available history | -13% | -8.1M shares |
PSFE has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PSFE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 27.8x | High |
| Q2 2026 | 7.4x | High |
| Q1 2026 | 6.6x | High |
| Q4 2025 | 6.8x | High |
| Q3 2025 | 6.1x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.3x | High |
PSFE's net debt is more than 20 years of its operating earnings (EBITDA), up from 6.1 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).
PSFE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.0 | Neutral |
| Stochastic | 18.1 | Oversold |
PSFE's weekly RSI is 32 (neutral) and its Stochastic is 18 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
PSFE PE vs Technology Sector
PSFE 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 PSFE on trend strength, trading above more of its moving averages.
PSFE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.65 | 32% below |
| 20 week MA | $6.64 | 42% below |
| 50 week MA | $7.17 | 46% below |
| 100 week MA | $10.7 | 64% below |
| 200 week MA | $13.3 | 71% below |
PSFE is in a downtrend: it's below all five of its weekly moving averages, and 71% 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 PSFE on returns for 2026, with the stronger performance.
PSFE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $119.4 | $182.8 | +53% |
| 2021 | $182.8 | $48.8 | -73% |
| 2022 | $48.8 | $12.8 | -74% |
| 2023 | $12.8 | $12.8 | -0.2% |
| 2024 | $12.8 | $17.4 | +36% |
| 2025 | $17.4 | $8.03 | -54% |
| 2026 YTD | $8.03 | $3.87 | -52% |
PSFE has finished lower in four of the last six years. It's down 52% so far in 2026.