AXT INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $88.3M | $99.4M | $75.8M | $141.1M | $137.4M |
| Cost of revenue | $77.1M | $75.5M | $62.5M | $89.0M | $90.0M |
| Gross profit | $11.2M | $23.8M | $13.3M | $52.1M | $47.4M |
| Selling, general & administrative | $24.2M | $24.1M | $22.8M | $25.7M | $24.2M |
| Research and development | $9.0M | $14.5M | $12.1M | $13.9M | $10.3M |
| Operating expenses | $33.2M | $38.6M | $34.9M | $39.6M | $34.5M |
| Operating income | -$22.0M | -$14.8M | -$21.6M | $12.6M | $12.9M |
| Interest expense | $1.3M | $1.3M | $1.5M | — | — |
| Pretax income | -$21.5M | -$10.7M | -$19.0M | $20.9M | $17.6M |
| Income tax expense | $1.7M | $1.1M | $160,000 | $2.2M | $1.1M |
| Net income | -$21.3M | -$11.6M | -$17.9M | $15.8M | $14.6M |
| Balance Sheet | |||||
| Cash and equivalents | $120.3M | $22.8M | $37.8M | $34.9M | $36.8M |
| Current assets | $246.6M | $158.3M | $170.7M | $183.5M | $160.2M |
| Total assets | $433.8M | $339.3M | $358.7M | $370.1M | $332.4M |
| Current liabilities | $90.5M | $74.2M | $81.6M | $75.3M | $47.8M |
| Total liabilities | $99.1M | $84.4M | $89.6M | $80.3M | $52.2M |
| Stockholders' equity | $273.3M | $192.8M | $204.0M | $221.6M | $211.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$12.8M | -$12.1M | $3.4M | -$8.8M | -$3.3M |
| Depreciation and amortization | $9.1M | $9.0M | $8.7M | $8.1M | $7.1M |
| Stock-based compensation | $3.3M | $3.1M | $3.5M | $4.0M | $4.5M |
| Capital expenditure | $6.0M | $5.8M | $10.5M | $28.5M | $29.6M |
| Free cash flow | -$18.8M | -$17.9M | -$7.1M | -$37.2M | -$33.0M |
| Impairments | $48,000 | $0 | $1.9M | $0 | $0 |
Shares outstanding 65.4M · Free float 94.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.