AAOI
Applied Optoelectronics, Inc.
AAOI's outlook is improving, though it still trails on the overall score.
RDVT
Red Violet, Inc.
RDVT has the edge over AAOI overall, supported by lower modeled downside and stronger fundamentals.
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.
RDVT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDVT's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
RDVT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $29.57 | -61% |
| Forward | 44x | $76.00 | — |
| Current | 64x | $76.00 | — |
| Fair | 78x | $93.41 | +23% |
| Expensive | 489x | $581 | +665% |
Historical ranges are pointers, not guarantees.
RDVT's PE is in its cheap range at 64x. If earnings grow as analysts expect, today's price would be 44x next year's earnings.
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.
RDVT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RDVT, with profitability improving.
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.
RDVT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.75 | +47% |
| Q3 2026 | $1.19 | +55% |
| Q2 2026 | $1.13 | +88% |
| Q1 2026 | $0.97 | +59% |
| Q4 2025 | $0.91 | +82% |
| Q3 2025 | $0.77 | +103% |
| Q2 2025 | $0.60 | -47% |
| Q1 2025 | $0.61 | -41% |
| Q4 2024 | $0.50 | -48% |
RDVT has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
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 RDVT on sales, with stronger typical year-over-year growth.
| 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.
RDVT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.8M | +20% |
| Q2 2026 | $26.7M | +23% |
| Q1 2026 | $25.8M | +17% |
| Q4 2025 | $23.4M | +20% |
| Q3 2025 | $23.1M | +21% |
| Q2 2025 | $21.8M | +14% |
| Q1 2025 | $22M | +26% |
| Q4 2024 | $19.6M | +30% |
RDVT's revenue has grown year over year for 23 quarters in a row: $28M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +0.9 points |
| Q2 2026 | 23% | +10 points |
| Q1 2026 | 21% | +1.9 points |
| Q4 2025 | 6.8% | +4.9 points |
| Q3 2025 | 20% | +6.7 points |
| Q2 2025 | 13% | -3.5 points |
| Q1 2025 | 19% | +7.8 points |
| Q4 2024 | 1.9% | +7.8 points |
RDVT 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.
RDVT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.6M | +26% |
| Q2 2026 | $10.5M | +45% |
| Q1 2026 | $6.5M | +32% |
| Q4 2025 | $6.6M | -1.6% |
| Q3 2025 | $10M | +38% |
| Q2 2025 | $7.3M | +29% |
| Q1 2025 | $5M | +17% |
| Q4 2024 | $6.7M | +60% |
RDVT 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.
RDVT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +8.9% | +1.3M shares |
| 1 year | +7.8% | +1.1M shares |
| 3 years | +9.9% | +1.4M shares |
| 5 years | +15% | +2.1M shares |
| Available history | +46% | +5M shares |
RDVT has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $435,000 |
| Q1 2026 | $2.7M |
| Q4 2025 | $262,000 |
| Q3 2025 | $653,000 |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
RDVT spent $3M buying back its own shares over the past year, about five times what it spent 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.
RDVT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.3x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -2.0x | Net Cash |
| Q2 2025 | -2.0x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -2.1x | Net Cash |
RDVT 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).
RDVT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.1 | Neutral |
| Stochastic | 61.7 | Neutral |
RDVT's weekly RSI is 58 (neutral) and its Stochastic is 62 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
RDVT PE vs Technology Sector
| Metric | RDVT | Sector median | Relative |
|---|---|---|---|
| PE | 64x | 28x | 129% above |
| PE % | 32 | 35 | 3 pts below |
RDVT is trading at 64x earnings, a 129% premium to the Technology sector's median of 28x.
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.
RDVT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $77.3 | 1.7% below |
| 20 week MA | $72.7 | 4.5% above |
| 50 week MA | $57.2 | 33% above |
| 100 week MA | $51.0 | 49% above |
| 200 week MA | $36.6 | 108% above |
RDVT 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 RDVT on returns for 2026, with the stronger performance.
RDVT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.6 | $26.4 | +42% |
| 2021 | $26.4 | $39.3 | +49% |
| 2022 | $39.3 | $24.4 | -38% |
| 2023 | $24.4 | $20.0 | -18% |
| 2024 | $20.0 | $36.6 | +83% |
| 2025 | $36.6 | $55.2 | +51% |
| 2026 YTD | $55.2 | $76.0 | +38% |
RDVT has finished higher in four of the last six years, two of them by more than 50%. It's up 38% so far in 2026.