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Financials · AXTI

AXT Inc (AXTI) financials

For the twelve months ended Jun 30, 2026, AXT Inc reported $125.51M of revenue and $4.05M of net income.

Revenue, TTM
$125.51M
Revenue growth, YoY
+45.8%
Net income, TTM
$4.05M
Net margin
3.2%
Free cash flow, TTM
-$19.57M
EPS, diluted, TTM
$0.01
Cash
$412.17M
P/E
628.80
P/S
20.31
Market cap
$2.55B
Annual revenue$88.33M
FY2016FY2025
Annual net income-$21.26M
FY2016FY2025
Annual free cash flow-$18.78M
FY2016FY2025

AXTI revenue and earnings growth

AXTI revenueQ2 2026$47.59M

Quarter YoY
+164.8%
QoQ
+76.8%
FY YoY
-11.1%
5Y CAGR
-1.5%
10Y CAGR
+1.3%

AXTI revenue was $47.59M in fiscal Q2 2026 (ended Jun 30, 2026), up 164.8% from a year earlier and up 76.8% from the prior quarter. For the full fiscal 2025 it was $88.33M, down 11.1% from fiscal 2024. Compound annual growth was -1.5% over 5 years and +1.3% over 10 years. It rose in 7 of the last 10 fiscal years.

AXTI net incomeQ2 2026$11.13M

AXTI net income was $11.13M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.01M a year earlier. For the full fiscal 2025 it was -$21.26M, compared with -$11.62M in fiscal 2024.

AXTI EPSQ2 2026$0.17

AXTI diluted EPS was $0.17 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$0.49, compared with -$0.27 in fiscal 2024.

AXTI free cash flowQ2 2026$3.56M

AXTI free cash flow was $3.56M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$4.86M a year earlier. For the full fiscal 2025 it was -$18.78M, compared with -$17.88M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$88.33M$99.36M$75.80M$141.12M$137.39M$95.36M$83.26M$102.40M$98.67M$81.35M
Cost of revenue$77.08M$75.53M$62.48M$89.00M$89.98M$65.09M$58.43M$65.35M$64.20M$54.97M
Gross profit$11.24M$23.84M$13.32M$52.12M$47.41M$30.27M$24.82M$37.05M$34.48M$26.38M
Research and development$9.05M$14.54M$12.08M$13.91M$10.33M$7.13M$5.83M$5.90M$4.83M$5.85M
Selling, general and admin$24.17M$24.10M$22.81M$25.65M$24.19M$19.20M$19.30M$19.00M$17.01M$13.88M
Operating income-$21.98M-$14.80M-$21.57M$12.55M$12.90M$3.94M-$314.0K$12.15M$12.64M$6.42M
Interest expense$1.26M$1.34M$1.53M-------
Pre-tax income-$21.54M-$10.66M-$19.03M$20.93M$17.60M$7.07M-$1.03M$11.95M$10.85M$5.70M
Income tax$1.66M$1.13M$160.0K$2.19M$1.09M$2.03M$562.0K$938.0K$792.0K$733.0K
Net income-$21.26M-$11.62M-$17.88M$15.81M$14.57M$3.24M-$2.60M$9.65M$10.15M$5.64M
EPS, basic-$0.49-$0.27-$0.42$0.37$0.35$0.08-$0.07$0.24$0.27$0.17
EPS, diluted-$0.49-$0.27-$0.42$0.37$0.34$0.07-$0.07$0.24$0.26$0.17
Diluted shares43.9M43.2M42.6M42.7M42.7M41.0M39.5M40.3M39.0M32.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$120.27M$22.83M$50.11M$41.35M$36.76M$72.60M$26.89M$16.53M$44.35M$36.15M
Short-term investments$0-$2.14M$9.34M$5.42M$240.0K$9.43M$22.13M$20.03M$11.41M
Receivables$26.85M$25.64M$19.26M$29.25M$34.84M$24.56M$19.03M$19.59M$22.78M$14.45M
Inventory$81.65M$85.08M$86.50M$89.63M$65.91M$51.52M$49.15M$58.57M$45.84M$40.15M
Current assets$246.56M$158.27M$170.66M$183.54M$160.19M$164.52M$113.20M$128.54M$140.52M$107.29M
Total assets$433.75M$339.31M$358.70M$370.07M$332.44M$298.86M$223.35M$223.52M$211.20M$154.25M
Current liabilities$90.54M$74.18M$81.56M$75.33M$47.82M$39.08M$27.53M$28.71M$22.59M$15.95M
Short-term debt$62.80M$47.26M$52.92M$47.08M$12.23M-----
Total liabilities$99.12M$84.41M$89.56M$80.33M$52.21M$43.33M$30.59M$28.99M$22.88M$16.86M
Shareholders' equity$273.29M$216.33M$227.48M$244.90M$229.85M$207.97M$192.76M$194.53M$188.32M$137.39M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$12.78M-$12.11M$3.40M-$8.77M-$3.31M$5.87M$12.66M$3.22M$8.62M$12.50M
Capital expenditures$6.00M$5.77M$10.47M$28.46M$29.64M$19.86M$21.79M$40.54M$21.36M$2.73M
Free cash flow-$18.78M-$17.88M-$7.07M-$37.23M-$32.95M-$13.99M-$9.13M-$37.32M-$12.74M$9.78M
Investing cash flow-$6.83M-$4.45M-$2.60M-$25.22M-$38.81M-$16.42M-$8.33M-$30.83M-$36.46M-$1.11M
Financing cash flow$107.09M-$536.0K$8.61M$38.03M$5.72M$52.66M$6.19M$213.0K$35.64M$1.30M
Stock-based compensation$3.29M$3.10M$3.54M$4.01M$4.52M$2.62M$2.35M$1.93M$1.41M$1.10M
Depreciation and amortization$9.11M$8.98M$8.72M$8.12M$7.08M$4.33M$5.53M$4.87M$4.42M$4.87M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-11.1%31.1%-46.3%2.7%44.1%14.5%-18.7%3.8%21.3%5.0%
Net income growth, YoY---8.5%350.1%---4.9%80.1%-
EPS growth, YoY---8.8%385.7%---7.7%52.9%-
Gross margin12.7%24.0%17.6%36.9%34.5%31.7%29.8%36.2%34.9%32.4%
Operating margin-24.9%-14.9%-28.5%8.9%9.4%4.1%-0.4%11.9%12.8%7.9%
Net margin-24.1%-11.7%-23.6%11.2%10.6%3.4%-3.1%9.4%10.3%6.9%
Free cash flow margin-21.3%-18.0%-9.3%-26.4%-24.0%-14.7%-11.0%-36.4%-12.9%12.0%
Return on equity-7.8%-5.4%-7.9%6.5%6.3%1.6%-1.3%5.0%5.4%4.1%
Return on assets-4.9%-3.4%-5.0%4.3%4.4%1.1%-1.2%4.3%4.8%3.7%
Current ratio2.722.132.092.443.354.214.114.486.226.73

Source: XBRL data AXT Inc files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AXTI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AXTI$125.51M+45.8%$4.05M3.2%$2.55B
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B

AXTI FAQ

9 questions
  • What is AXTI revenue?
    AXT Inc (AXTI) reported $125.51M of revenue for the twelve months ended Jun 30, 2026. That is up 45.8% from the year before. Revenue for fiscal 2025 was $88.33M.
  • Is AXTI profitable?
    Yes. AXT Inc earned $4.05M in net income for the twelve months ended Jun 30, 2026, a net margin of 3.2%.
  • How much cash and debt does AXTI have?
    AXT Inc reported $412.17M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AXTI revenue growing?
    AXT Inc's revenue changed -11.1% in fiscal 2025, to $88.33M. Its compound annual growth rate was -1.5% over 5 years and +1.3% over 10 years.
  • What is AXTI gross margin?
    AXT Inc's gross profit was $40.39M on $125.51M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 32.2%.
  • What is AXTI free cash flow?
    AXT Inc generated -$19.57M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$5.76M less capital expenditures.
  • What is AXTI earnings per share?
    Diluted earnings per share were $0.01 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AXTI last report financial results?
    The latest statements here come from AXT Inc's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this AXTI financial data come from?
    Quantisnow builds these statements from the structured XBRL data AXT Inc files with the SEC. It is provided for information only and is not investment advice.