Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 139

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 139
---
,071

     22.2
     %

     61,898

     187.2
     %

       23

Cost of goods sold increased by $36.1 million, or 73.4%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. Cost of goods sold increased by $110.4 million, or 95.2%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in cost of goods sold was mainly due to increased revenue.

Gross profit increased by $17.3 million, or 109.0%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. Gross profit increased by $61.9 million, or 187.2%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase is primarily due to higher sales on our high gross margin products and ongoing efforts to reduce production costs. 

Operating expenses

      Three months ended September 30, 

      2025 

      2024 

      Change 

      % of 

      % of 

      Amount 

      revenue 

      Amount 

      revenue 

      Amount 

      % 

      (in thousands, except percentages) 

      Research and development 
      
     $
     21,265

     17.9
     %
      
     $
     13,428

     20.6
     %
      
     $
     7,837

     58.4
     %

      Sales and marketing 

     9,871

     8.3
     %

     4,796

     7.4
     %

     5,075

     105.8
     %

      General and administrative 

     20,314

     17.1
     %

     14,240

     21.8
     %

     6,074

     42.7
     %

      Total operating expenses 
      
     $
     51,450

     43.4
     %
      
     $
     32,464

     49.