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AXT, Inc.(AXTI)Earnings, Financials & Key Ratios
AXTI•NASDAQ
$104.83
$4.61B mkt cap·Price updated May 6, 2026
AboutAXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.Show more
- Revenue$88M-11.1%
- EBITDA-$13M-120.9%
- Net Income-$21M-82.9%
- EPS (Diluted)-0.49-81.5%
- Gross Margin12.73%-46.9%
- EBITDA Margin-14.57%-148.6%
- Operating Margin-24.88%-67.0%
- Net Margin-24.07%-105.7%
- ROE-7.21%-62.6%
- ROIC-5.95%-52.5%
- Debt/Equity0.20+0.5%
- Interest Coverage-17.48-151.4%
AXTI Key Insights
AXT, Inc. (AXTI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 99 (top 1%)
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Expensive at 13.8x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AXTI Price & Volume
AXT, Inc. (AXTI) stock price & volume — 10-year historical chart
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AXTI Growth Metrics
AXT, Inc. (AXTI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.32%
5 Years-1.52%
3 Years-14.46%
TTM-11.11%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-82.9%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-76.46%
Return on Capital
10 Years0.9%
5 Years-2.23%
3 Years-6.74%
Last Year-7.22%
AXTI Recent Earnings
AXT, Inc. (AXTI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 30, 2026EPS
$0.01
Est $0.04
+75.0%
Revenue
$27M
Est $26M
+2.7%
Q1 2026
Feb 19, 2026EPS
$0.05
Est $0.04
-25.0%
Revenue
$23M
Est $25M
-8.5%
Q4 2025
Oct 30, 2025EPS
$0.03
Est $0.11
+72.7%
Revenue
$28M
Est $29M
-2.8%
Q3 2025
Jul 31, 2025EPS
$0.15
Est $0.13
-15.4%
Revenue
$18M
Est $20M
-7.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.01vs $0.04+75.0% | $27Mvs $26M+2.7% |
| Q1 2026 | Feb 19, 2026 | $0.05vs $0.04-25.0% | $23Mvs $25M-8.5% |
| Q4 2025 | Oct 30, 2025 | $0.03vs $0.11+72.7% | $28Mvs $29M-2.8% |
| Q3 2025 | Jul 31, 2025 | $0.15vs $0.13-15.4% | $18Mvs $20M-7.9% |
Based on last 12 quarters of dataView full earnings history →
AXTI Peer Comparison
AXT, Inc. (AXTI) competitors in Semiconductor Materials and Fab Consumables — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COHU | 2.33B | 49.62 | -31.21 | 12.74% | -11.54% | -6.84% | 0.46 | |
 MTSI | 23.24B | 309.81 | -424.40 | 32.58% | 15.88% | 11.98% | 0.41 | |
 SWKS | 9.77B | 64.97 | 21.09 | -2.18% | 8.93% | 6.3% | 0.21 | |
 QRVO | 8.25B | 88.94 | 24.57 | -1.09% | 9.22% | 9.69% | 0.46 | |
 LITE | 67.42B | 944.28 | 2552.11 | 21.03% | 17.68% | 30.68% | 2.30 | |
 OLED | 4.43B | 93.98 | 18.50 | 0.45% | 34.08% | 12.33% | 0.02 | |
 AEHR | 2.96B | 96.73 | -744.08 | -22.66% | -8.5% | 0.09 | ||
 INTC | 567.42B | 113.01 | -1918.68 | -0.47% | -5.9% | -2.68% | 0.37 |
Compare AXTI vs Peers
AXT, Inc. (AXTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AXTI Income Statement
AXT, Inc. (AXTI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 98.67M | 102.4M | 83.26M | 95.36M | 137.39M | 141.12M | 75.8M | 99.36M | 88.33M |
| Revenue Growth % | 21.3% | 3.77% | -18.69% | 14.54% | 44.08% | 2.71% | -46.29% | 31.09% | -11.11% |
| Cost of Goods Sold | 64.2M | 65.35M | 58.43M | 65.09M | 89.98M | 89M | 62.48M | 75.53M | 77.08M |
| COGS % of Revenue | 65.06% | 63.82% | 70.18% | 68.25% | 65.49% | 63.07% | 82.43% | 76.01% | 87.27% |
| Gross Profit | 34.48M▲ 0% | 37.05M▲ 7.5% | 24.82M▼ 33.0% | 30.27M▲ 22.0% | 47.41M▲ 56.6% | 52.12M▲ 9.9% | 13.32M▼ 74.4% | 23.84M▲ 79.0% | 11.24M▼ 52.8% |
| Gross Margin % | 34.94% | 36.18% | 29.82% | 31.75% | 34.51% | 36.93% | 17.57% | 23.99% | 12.73% |
| Gross Profit Growth % | 30.68% | 7.46% | -32.99% | 21.95% | 56.61% | 9.93% | -74.45% | 78.98% | -52.84% |
| Operating Expenses | 21.84M | 24.9M | 25.14M | 26.34M | 34.52M | 39.57M | 34.89M | 38.64M | 33.22M |
| OpEx % of Revenue | 22.13% | 24.32% | 30.19% | 27.62% | 25.12% | 28.04% | 46.03% | 38.89% | 37.61% |
| Selling, General & Admin | 17.01M | 19M | 19.3M | 19.2M | 24.19M | 25.65M | 22.81M | 24.1M | 24.17M |
| SG&A % of Revenue | 17.24% | 18.56% | 23.19% | 20.13% | 17.61% | 18.18% | 30.09% | 24.25% | 27.36% |
| Research & Development | 4.83M | 5.9M | 5.83M | 7.13M | 10.33M | 13.91M | 12.08M | 14.54M | 9.05M |
| R&D % of Revenue | 4.89% | 5.76% | 7.01% | 7.48% | 7.52% | 9.86% | 15.94% | 14.64% | 10.24% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 12.64M▲ 0% | 12.15M▼ 3.9% | -314K▼ 102.6% | 3.94M▲ 1354.8% | 12.9M▲ 227.3% | 12.55M▼ 2.7% | -21.57M▼ 271.8% | -14.8M▲ 31.4% | -21.98M▼ 48.5% |
| Operating Margin % | 12.81% | 11.86% | -0.38% | 4.13% | 9.39% | 8.9% | -28.46% | -14.9% | -24.88% |
| Operating Income Growth % | 96.72% | -3.89% | -102.58% | 1354.78% | 227.34% | -2.66% | -271.81% | 31.37% | -48.46% |
| EBITDA | 17.06M | 17.02M | 5.22M | 8.27M | 19.98M | 20.67M | -12.85M | -5.82M | -12.87M |
| EBITDA Margin % | 17.29% | 16.62% | 6.27% | 8.68% | 14.54% | 14.65% | -16.95% | -5.86% | -14.57% |
| EBITDA Growth % | 51.12% | -0.25% | -69.34% | 58.58% | 141.45% | 3.49% | -162.14% | 54.67% | -120.95% |
| D&A (Non-Cash Add-back) | 4.42M | 4.87M | 5.53M | 4.33M | 7.08M | 8.12M | 8.72M | 8.98M | 9.11M |
| EBIT | 12.64M | 12.15M | -932K | 7.25M | 18.02M | 22M | -17.51M | -9.32M | -21.98M |
| Net Interest Income | 461K | 528K | 217K | -179K | -213K | -1.07M | -1.53M | -1.34M | -1.26M |
| Interest Income | 461K | 528K | 217K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 179K | 213K | 1.07M | 1.53M | 1.34M | 1.26M |
| Other Income/Expense | -1.79M | -200K | -712K | 3.13M | 4.71M | 8.37M | 2.54M | 4.15M | 432K |
| Pretax Income | 10.85M▲ 0% | 11.95M▲ 10.1% | -1.03M▼ 108.6% | 7.07M▲ 789.3% | 17.6M▲ 148.9% | 20.93M▲ 18.9% | -19.03M▼ 190.9% | -10.66M▲ 44.0% | -21.54M▼ 102.2% |
| Pretax Margin % | 11% | 11.67% | -1.23% | 7.42% | 12.81% | 14.83% | -25.11% | -10.73% | -24.39% |
| Income Tax | 792K | 938K | 562K | 2.03M | 1.09M | 2.19M | 160K | 1.13M | 1.66M |
| Effective Tax Rate % | 7.3% | 7.85% | -54.78% | 28.72% | 6.21% | 10.44% | -0.84% | -10.64% | -7.7% |
| Net Income | 10.15M▲ 0% | 9.65M▼ 4.9% | -2.6M▼ 126.9% | 3.24M▲ 224.5% | 14.57M▲ 350.1% | 15.81M▲ 8.5% | -17.88M▼ 213.1% | -11.62M▲ 35.0% | -21.26M▼ 82.9% |
| Net Margin % | 10.28% | 9.43% | -3.12% | 3.4% | 10.61% | 11.2% | -23.59% | -11.7% | -24.07% |
| Net Income Growth % | 80.06% | -4.87% | -126.93% | 224.54% | 350.12% | 8.48% | -213.09% | 34.99% | -82.9% |
| Net Income (Continuing) | 10.06M | 11.01M | -1.59M | 5.04M | 16.51M | 18.74M | -19.19M | -11.79M | -23.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4.5M | 3.7M | 4.88M | 62.91M | 68.7M | 68.14M | 65.16M | 62.14M | 61.34M |
| EPS (Diluted) | 0.26▲ 0% | 0.24▼ 7.7% | -0.04▼ 116.8% | 0.07▲ 285.6% | 0.34▲ 355.8% | 0.37▲ 8.8% | -0.42▼ 213.5% | -0.27▲ 35.7% | -0.49▼ 81.5% |
| EPS Growth % | 52.94% | -7.69% | -116.75% | 285.57% | 355.76% | 8.82% | -213.51% | 35.71% | -81.48% |
| EPS (Basic) | 0.27 | 0.25 | -0.04 | 0.08 | 0.35 | 0.37 | -0.42 | -0.27 | -0.49 |
| Diluted Shares Outstanding | 38.97M | 40.27M | 39.49M | 41.02M | 42.72M | 42.72M | 42.64M | 43.15M | 43.93M |
| Basic Shares Outstanding | 37.44M | 39.05M | 39.49M | 40.15M | 41.37M | 42.1M | 42.64M | 43.15M | 43.93M |
| Dividend Payout Ratio | 4.58% | - | - | - | - | - | - | - | - |
AXTI Balance Sheet
AXT, Inc. (AXTI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 140.52M | 128.54M | 113.2M | 164.52M | 160.19M | 183.54M | 170.66M | 158.27M | 246.56M |
| Cash & Short-Term Investments | 64.38M | 38.66M | 36.32M | 72.84M | 42.18M | 44.29M | 39.89M | 22.83M | 128.37M |
| Cash Only | 44.35M | 16.53M | 26.89M | 72.6M | 36.76M | 34.95M | 37.75M | 22.83M | 128.37M |
| Short-Term Investments | 20.03M | 22.13M | 9.43M | 240K | 5.42M | 9.34M | 2.14M | 0 | 0 |
| Accounts Receivable | 22.78M | 19.59M | 19.03M | 24.56M | 34.84M | 29.25M | 19.26M | 25.64M | 26.85M |
| Days Sales Outstanding | 84.26 | 69.82 | 83.43 | 94 | 92.55 | 75.66 | 92.73 | 94.19 | 110.95 |
| Inventory | 45.84M | 58.57M | 49.15M | 51.52M | 65.91M | 89.63M | 86.5M | 85.08M | 81.65M |
| Days Inventory Outstanding | 260.62 | 327.14 | 307.04 | 288.89 | 267.37 | 367.59 | 505.36 | 411.16 | 386.63 |
| Other Current Assets | 7.52M | 0 | 0 | 0 | 0 | 6.4M | 12.36M | 24.72M | 9.69M |
| Total Non-Current Assets | 70.68M | 94.98M | 110.14M | 134.34M | 172.26M | 186.53M | 188.04M | 181.04M | 187.19M |
| Property, Plant & Equipment | 46.53M | 82.28M | 100.34M | 118.51M | 144.74M | 162.78M | 169.15M | 162.2M | 163.84M |
| Fixed Asset Turnover | 2.12x | 1.24x | 0.83x | 0.80x | 0.95x | 0.87x | 0.45x | 0.61x | 0.54x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.15M | 1.05M | 1.12M | 1.68M | 2.11M | 1.93M | 1.82M | 1.71M | 0 |
| Long-Term Investments | 12.58M | 717K | 5.96M | 12.1M | 19.74M | 16.73M | 12.48M | 14.07M | 0 |
| Other Non-Current Assets | 11.57M | 11.99M | 11.39M | 2.05M | 3.33M | 2.86M | 2.92M | 1.65M | 23.35M |
| Total Assets | 211.2M▲ 0% | 223.52M▲ 5.8% | 223.35M▼ 0.1% | 298.86M▲ 33.8% | 332.44M▲ 11.2% | 370.07M▲ 11.3% | 358.7M▼ 3.1% | 339.31M▼ 5.4% | 433.75M▲ 27.8% |
| Asset Turnover | 0.47x | 0.46x | 0.37x | 0.32x | 0.41x | 0.38x | 0.21x | 0.29x | 0.20x |
| Asset Growth % | 36.92% | 5.84% | -0.08% | 33.81% | 11.24% | 11.32% | -3.07% | -5.4% | 27.83% |
| Total Current Liabilities | 22.59M | 28.71M | 27.53M | 39.08M | 47.82M | 75.33M | 81.56M | 74.18M | 90.54M |
| Accounts Payable | 11.45M | 13.34M | 10.1M | 12.67M | 16.65M | 10.08M | 9.62M | 12.36M | 12.95M |
| Days Payables Outstanding | 65.07 | 74.5 | 63.08 | 71.05 | 67.54 | 41.36 | 56.18 | 59.71 | 61.31 |
| Short-Term Debt | 0 | 0 | 5.75M | 10.41M | 14.12M | 47.08M | 52.92M | 47.26M | 62.8M |
| Deferred Revenue (Current) | 924K | 1.48M | 396K | 374K | 946K | 338K | 305K | 1.59M | 0 |
| Other Current Liabilities | 6.52M | 9.32M | 7.31M | 9.9M | 9.69M | 11.55M | 10.89M | 9.21M | 14.8M |
| Current Ratio | 6.22x | 4.48x | 4.11x | 4.21x | 3.35x | 2.44x | 2.09x | 2.13x | 2.72x |
| Quick Ratio | 4.19x | 2.44x | 2.33x | 2.89x | 1.97x | 1.25x | 1.03x | 0.99x | 1.82x |
| Cash Conversion Cycle | 279.81 | 322.46 | 327.39 | 311.84 | 292.39 | 401.89 | 541.91 | 445.64 | 436.27 |
| Total Non-Current Liabilities | 289K | 283K | 3.06M | 4.25M | 4.39M | 5M | 8M | 10.23M | 8.58M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.44M |
| Capital Lease Obligations | 0 | 0 | 2.69M | 2.37M | 1.94M | 1.32M | 2.35M | 1.98M | 1.44M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 289K | 283K | 366K | 1.88M | 2.45M | 3.68M | 5.65M | 8.25M | 5.7M |
| Total Liabilities | 22.88M | 28.99M | 30.59M | 43.33M | 52.21M | 80.33M | 89.56M | 84.41M | 99.12M |
| Total Debt | 0 | 0 | 8.76M | 13.23M | 16.54M | 48.88M | 55.73M | 49.78M | 65.68M |
| Net Debt | -44.35M | -16.53M | -18.13M | -59.37M | -20.22M | 13.94M | 17.98M | 26.94M | -62.69M |
| Debt / Equity | - | - | 0.05x | 0.05x | 0.06x | 0.17x | 0.21x | 0.20x | 0.20x |
| Debt / EBITDA | - | - | 1.68x | 1.60x | 0.83x | 2.36x | - | - | - |
| Net Debt / EBITDA | -2.60x | -0.97x | -3.48x | -7.18x | -1.01x | 0.67x | - | - | - |
| Interest Coverage | - | - | - | 40.51x | 84.62x | 20.54x | -11.46x | -6.95x | -17.48x |
| Total Equity | 188.32M▲ 0% | 194.53M▲ 3.3% | 192.76M▼ 0.9% | 255.53M▲ 32.6% | 280.23M▲ 9.7% | 289.75M▲ 3.4% | 269.15M▼ 7.1% | 254.91M▼ 5.3% | 334.63M▲ 31.3% |
| Equity Growth % | 34.23% | 3.3% | -0.91% | 32.56% | 9.67% | 3.4% | -7.11% | -5.29% | 31.28% |
| Book Value per Share | 4.83 | 4.83 | 4.88 | 6.23 | 6.56 | 6.78 | 6.31 | 5.91 | 7.62 |
| Total Shareholders' Equity | 183.82M | 190.84M | 187.88M | 192.62M | 211.53M | 221.61M | 203.99M | 192.77M | 273.29M |
| Common Stock | 39K | 39K | 41K | 42K | 43K | 44K | 44K | 45K | 55K |
| Retained Earnings | -54.84M | -45.18M | -47.78M | -44.55M | -29.97M | -14.16M | -32.04M | -43.66M | -64.92M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.41M | -1.97M | -4.86M | 3.21M | 6.3M | -3.12M | -6M | -8.66M | -5.29M |
| Minority Interest | 4.5M | 3.7M | 4.88M | 62.91M | 68.7M | 68.14M | 65.16M | 62.14M | 61.34M |
AXTI Cash Flow Statement
AXT, Inc. (AXTI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.62M | 3.22M | 12.66M | 5.87M | -3.31M | -8.77M | 3.4M | -12.11M | -12.78M |
| Operating CF Margin % | 8.73% | 3.14% | 15.2% | 6.15% | -2.41% | -6.21% | 4.49% | -12.19% | -14.47% |
| Operating CF Growth % | -31.1% | -62.65% | 293.35% | -53.67% | -156.35% | -165.2% | 138.82% | -455.92% | -5.54% |
| Net Income | 10.06M | 11.01M | -1.59M | 5.04M | 16.51M | 18.74M | -17.88M | -11.79M | -21.26M |
| Depreciation & Amortization | 4.42M | 4.87M | 5.53M | 4.33M | 7.08M | 8.12M | 8.72M | 8.98M | 9.11M |
| Stock-Based Compensation | 1.41M | 1.93M | 2.35M | 2.62M | 4.52M | 4.01M | 3.54M | 3.1M | 0 |
| Deferred Taxes | 1.67M | 981K | 0 | 0 | 2.34M | 104K | 553K | 265K | -88K |
| Other Non-Cash Items | 173K | 158K | 2.35M | 156K | -3.49M | -4.55M | 1.43M | -925K | 1.46M |
| Working Capital Changes | -9.12M | -15.73M | 4.02M | -6.29M | -30.26M | -35.18M | 7.04M | -11.74M | -2M |
| Change in Receivables | -7.98M | 2.82M | 441K | -5.33M | -9.66M | 4.54M | 9.31M | -6.9M | -390K |
| Change in Inventory | -4.74M | -14.63M | 8.86M | -916K | -12.4M | -31.41M | 1.07M | -737K | 6.35M |
| Change in Payables | 4.4M | 2.31M | -3.14M | 2.31M | 3.56M | -5.52M | -162K | 3.04M | 147K |
| Cash from Investing | -36.46M | -30.83M | -8.33M | -16.42M | -38.81M | -25.22M | -2.6M | -4.45M | -6.83M |
| Capital Expenditures | -21.36M | -40.54M | -21.79M | -19.86M | -29.64M | -28.46M | -10.47M | -5.77M | -6M |
| CapEx % of Revenue | 21.64% | 39.59% | 26.17% | 20.82% | 21.58% | 20.17% | 13.82% | 5.81% | 6.79% |
| Acquisitions | 0 | 99K | -13.46M | 0 | 9.16M | 2.23M | 708K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 169K | 99K | 13.46M | 0 | -9.16M | -2.23M | -708K | 0 | 0 |
| Cash from Financing | 35.64M | 213K | 6.19M | 52.66M | 5.72M | 38.03M | 8.61M | -536K | 107.09M |
| Debt Issued (Net) | 0 | 0 | 5.81M | 4.41M | 3.31M | 35.28M | 7.89M | -564K | 11.94M |
| Equity Issued (Net) | 1.76M | 0 | 366K | 47.56M | -1.08M | 518K | 10K | 28K | 95.16M |
| Dividends Paid | -465K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -415K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 34.34M | 213K | 6K | 694K | 3.49M | 2.23M | 708K | 0 | 0 |
| Net Change in Cash | 8.2M▲ 0% | -27.83M▼ 439.3% | 10.37M▲ 137.3% | 45.71M▲ 341.0% | -35.84M▼ 178.4% | 4.58M▲ 112.8% | 8.77M▲ 91.2% | -16.3M▼ 286.0% | 94.56M▲ 680.0% |
| Free Cash Flow | -12.74M▲ 0% | -37.32M▼ 192.9% | -9.13M▲ 75.5% | -13.99M▼ 53.2% | -32.95M▼ 135.5% | -37.23M▼ 13.0% | -7.07M▲ 81.0% | -17.88M▼ 152.9% | -18.78M▼ 5.0% |
| FCF Margin % | -12.91% | -36.45% | -10.97% | -14.67% | -23.98% | -26.38% | -9.33% | -18% | -21.26% |
| FCF Growth % | -230.33% | -192.92% | 75.53% | -53.16% | -135.53% | -12.99% | 81% | -152.87% | -5% |
| FCF per Share | -0.33 | -0.93 | -0.23 | -0.34 | -0.77 | -0.87 | -0.17 | -0.41 | -0.43 |
| FCF Conversion (FCF/Net Income) | 0.85x | 0.33x | -4.87x | 1.81x | -0.23x | -0.55x | -0.19x | 1.04x | 0.60x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1.56M | 2.07M | 0 |
| Taxes Paid | 714K | 1.13M | 749K | 1.96M | 3.18M | 1.69M | 686K | 962K | 0 |
AXTI Key Ratios
AXT, Inc. (AXTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 4.06% | 6.18% | 5.04% | -1.34% | 1.44% | 5.44% | 5.55% | -6.4% | -4.44% | -7.21% |
| Return on Invested Capital (ROIC) | 4.44% | 7.64% | 5.66% | -0.13% | 1.59% | 4.24% | 3.34% | -5.48% | -3.9% | -5.95% |
| Gross Margin | 32.43% | 34.94% | 36.18% | 29.82% | 31.75% | 34.51% | 36.93% | 17.57% | 23.99% | 12.73% |
| Net Margin | 6.93% | 10.28% | 9.43% | -3.12% | 3.4% | 10.61% | 11.2% | -23.59% | -11.7% | -24.07% |
| Debt / Equity | - | - | - | 0.05x | 0.05x | 0.06x | 0.17x | 0.21x | 0.20x | 0.20x |
| Interest Coverage | - | - | - | - | 40.51x | 84.62x | 20.54x | -11.46x | -6.95x | -17.48x |
| FCF Conversion | 2.22x | 0.85x | 0.33x | -4.87x | 1.81x | -0.23x | -0.55x | -0.19x | 1.04x | 0.60x |
| Revenue Growth | 4.96% | 21.3% | 3.77% | -18.69% | 14.54% | 44.08% | 2.71% | -46.29% | 31.09% | -11.11% |
AXTI SEC Filings & Documents
AXT, Inc. (AXTI) SEC filings — annual & quarterly reports (10-K, 10-Q)
AXTI Frequently Asked Questions
AXT, Inc. (AXTI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AXT, Inc. (AXTI) reported $88.3M in revenue for fiscal year 2025. This represents a 104% increase from $43.3M in 1998.
AXT, Inc. (AXTI) saw revenue decline by 11.1% over the past year.
AXT, Inc. (AXTI) reported a net loss of $21.3M for fiscal year 2025.
Dividend & Returns
AXT, Inc. (AXTI) has a return on equity (ROE) of -7.2%. Negative ROE indicates the company is unprofitable.
AXT, Inc. (AXTI) had negative free cash flow of $18.8M in fiscal year 2025, likely due to heavy capital investments.
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