AXT, Inc. (AXTI) quarterly balance sheet — complete assets, liabilities & equity history
AXT, Inc. (AXTI) balance sheet — 28-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 598.8M | 253.78M | 246.56M | 149.75M | 144.96M | 149.53M | 158.27M | 167.86M | 167.4M | 163.74M | 170.66M | 160.31M | 165.47M | 177M | 183.54M | 181.46M | 177.38M | 160.06M | 160.19M | 159.62M |
| Cash & Short-Term Investments | 417.2M | 107.14M | 120.27M | 23.11M | 27.01M | 31.58M | 22.83M | 24.9M | 29.48M | 27.46M | 39.89M | 32.79M | 37.18M | 42.45M | 44.29M | 40.13M | 45.51M | 34.89M | 42.18M | 49.29M |
| Cash Only | 412.17M | 41.77M | 120.27M | 23.11M | 27.01M | 31.58M | 22.83M | 24.9M | 27.81M | 25.79M | 37.75M | 28.52M | 30.09M | 35.44M | 34.95M | 32.92M | 41.04M | 29.49M | 36.76M | 43.61M |
| Short-Term Investments | 5.03M | 65.38M | 0 | 0 | 0 | 0 | 0 | 0 | 1.68M | 1.67M | 2.14M | 4.27M | 7.09M | 7.02M | 9.34M | 7.21M | 4.47M | 5.4M | 5.42M | 5.68M |
| Accounts Receivable | 36.67M | 32.02M | 26.85M | 33.84M | 22.79M | 22.86M | 25.64M | 27.97M | 27.16M | 25.06M | 19.26M | 18.88M | 19.86M | 21.34M | 29.25M | 38.13M | 38.75M | 39.85M | 34.84M | 36.58M |
| Days Sales Outstanding | 65.68 | 98.39 | 121.16 | 93.19 | 115.58 | 112.76 | 98.23 | 107.26 | 85.09 | 88.87 | 85.88 | 102.62 | 100.82 | 117.33 | 115.68 | 100.52 | 90.57 | 84.76 | 87.07 | 93.2 |
| Inventory | 96.32M | 90.17M | 81.65M | 77.66M | 80.06M | 80.41M | 85.08M | 86.11M | 85.77M | 85.94M | 86.5M | 86.38M | 87.06M | 91.68M | 89.63M | 88.5M | 77.28M | 68.82M | 65.91M | 60.68M |
| Days Inventory Outstanding | 323.58 | 408.1 | 402.31 | 333.86 | 441.42 | 361.55 | 380.47 | 440.16 | 385.43 | 472.84 | 503.28 | 514.74 | 481.8 | 570.75 | 450.23 | 373.79 | 276.38 | 230.14 | 227.54 | 238.44 |
| Other Current Assets | 33.05M | 24.45M | 17.79M | 15.15M | 15.1M | 14.68M | 24.72M | 28.88M | 13.79M | 13.81M | 12.36M | 22.25M | 21.37M | 21.53M | 6.4M | 3.9M | 3.9M | 16.5M | 0 | 13.06M |
| Total Non-Current Assets | 498.39M | 190.82M | 187.19M | 184.28M | 184.04M | 183.95M | 181.04M | 187.72M | 182.02M | 185.22M | 188.04M | 181.88M | 180.73M | 189.62M | 186.53M | 180.32M | 183.88M | 178.34M | 172.26M | 156.04M |
| Property, Plant & Equipment | 176.69M | 166.48M | 163.84M | 161.39M | 161.95M | 161.39M | 162.2M | 168.91M | 163.86M | 165.78M | 169.15M | 161.65M | 160.15M | 164.18M | 162.78M | 154.55M | 154.9M | 149.51M | 144.74M | 134.02M |
| Fixed Asset Turnover | 0.28x | 0.16x | 0.14x | 0.17x | 0.11x | 0.12x | 0.15x | 0.14x | 0.17x | 0.14x | 0.12x | 0.11x | 0.11x | 0.12x | 0.17x | 0.23x | 0.26x | 0.27x | 0.27x | 0.26x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 1.67M | 0 | 0 | 0 | 1.71M | 0 | 0 | 0 | 1.82M | 0 | 0 | 0 | 1.93M | 0 | 0 | 0 | 2.11M | 0 |
| Long-Term Investments | 298.6M | 15.46M | 14.97M | 14.62M | 14.33M | 14.64M | 14.07M | 13.53M | 11.95M | 13.2M | 12.48M | 13.2M | 1.64M | 1.64M | 16.73M | 4.2M | 7.76M | 9.4M | 19.74M | 6.68M |
| Other Non-Current Assets | 23.1M | 8.88M | 5.21M | 8.27M | 7.77M | 7.92M | 1.65M | 5.28M | 6.21M | 6.25M | 2.92M | 7.03M | 18.95M | 23.8M | 2.86M | 21.58M | 21.22M | 19.43M | 3.33M | 15.35M |
| Total Assets | 1.1B | 444.6M | 433.75M | 334.03M | 329M | 333.48M | 339.31M | 355.58M | 349.41M | 348.96M | 358.7M | 342.19M | 346.2M | 366.62M | 370.07M | 361.78M | 361.26M | 338.4M | 332.44M | 315.66M |
| Asset Turnover | 0.06x | 0.06x | 0.06x | 0.08x | 0.05x | 0.06x | 0.07x | 0.07x | 0.08x | 0.06x | 0.06x | 0.05x | 0.05x | 0.05x | 0.07x | 0.10x | 0.11x | 0.12x | 0.12x | 0.11x |
| Asset Growth % | 233.49% | 33.32% | 27.83% | -6.06% | -5.84% | -4.44% | -5.4% | 3.91% | 0.93% | -4.82% | -3.07% | -5.41% | -4.17% | 8.34% | 11.32% | 14.61% | 16.76% | 12.09% | 11.24% | 35.63% |
| Total Current Liabilities | 125.66M | 97.88M | 90.54M | 84.9M | 79.54M | 75.26M | 74.18M | 78.77M | 74.65M | 72.01M | 81.56M | 67.67M | 67.26M | 72.79M | 75.33M | 72.91M | 70.87M | 46.8M | 47.82M | 37.34M |
| Accounts Payable | 14.37M | 16.14M | 12.95M | 10.85M | 11.24M | 11.11M | 12.36M | 12.78M | 11.65M | 10.26M | 9.62M | 6.37M | 4.69M | 6.77M | 10.08M | 13.35M | 23.32M | 14.4M | 16.65M | 11.38M |
| Days Payables Outstanding | 52.95 | 69.09 | 60.09 | 46.76 | 61.47 | 51.26 | 55.87 | 62.57 | 49.19 | 54.51 | 46.54 | 32.83 | 30.89 | 53.04 | 59.24 | 82.69 | 71.35 | 53.03 | 50.39 | 54.85 |
| Short-Term Debt | 84.23M | 68.87M | 62.8M | 61.55M | 55.93M | 52.52M | 47.26M | 54.05M | 50.72M | 49.05M | 52.92M | 45.78M | 45.62M | 52.82M | 47.08M | 43M | 32.97M | 20.19M | 14.12M | 13.29M |
| Deferred Revenue (Current) | 0 | 894K | 103K | 506K | 331K | 193K | 1.59M | 367K | 1.11M | 535K | 305K | 563K | 183K | 1.11M | 338K | 435K | 757K | 1.02M | 946K | 345K |
| Other Current Liabilities | -2.27M | 3.84M | 5.37M | 2.85M | 3.17M | 2.66M | 9.21M | 4.82M | 4.85M | 8.21M | 3.99M | 3.51M | 3.75M | 7.9M | 11.55M | 10.67M | 7.53M | 5.97M | 9.69M | 7.46M |
| Current Ratio | 4.77x | 2.59x | 2.72x | 1.76x | 1.82x | 1.99x | 2.13x | 2.13x | 2.24x | 2.27x | 2.09x | 2.37x | 2.46x | 2.43x | 2.44x | 2.49x | 2.50x | 3.42x | 3.35x | 4.27x |
| Quick Ratio | 4.00x | 1.67x | 1.82x | 0.85x | 0.82x | 0.92x | 0.99x | 1.04x | 1.09x | 1.08x | 1.03x | 1.09x | 1.17x | 1.17x | 1.25x | 1.28x | 1.41x | 1.95x | 1.97x | 2.65x |
| Cash Conversion Cycle | 336.31 | 437.4 | 463.38 | 380.28 | 495.52 | 423.05 | 422.83 | 484.85 | 421.33 | 507.2 | 542.62 | 584.53 | 551.73 | 635.04 | 506.67 | 391.62 | 295.6 | 261.86 | 264.23 | 276.8 |
| Total Non-Current Liabilities | 19.69M | 9.76M | 8.58M | 8.68M | 8.83M | 12.05M | 10.23M | 10.59M | 11.65M | 11.87M | 8M | 6.44M | 4.55M | 5.5M | 5M | 3.51M | 3.67M | 4.07M | 4.39M | 4.59M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 929K |
| Capital Lease Obligations | 1.16M | 1.31M | 1.44M | 1.59M | 1.71M | 1.85M | 1.98M | 1.99M | 2.08M | 2.21M | 2.35M | 2.44M | 1.16M | 1.27M | 1.32M | 1.38M | 1.6M | 1.81M | 1.94M | 2.04M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 18.52M | 8.45M | 7.14M | 7.09M | 7.12M | 10.19M | 8.25M | 8.6M | 9.57M | 9.65M | 5.65M | 4.01M | 3.4M | 4.22M | 3.68M | 2.13M | 2.07M | 2.26M | 2.45M | 1.63M |
| Total Liabilities | 145.34M | 107.63M | 99.12M | 93.58M | 88.37M | 87.31M | 84.41M | 89.36M | 86.3M | 83.87M | 89.56M | 74.11M | 71.82M | 78.28M | 80.33M | 76.42M | 74.54M | 50.88M | 52.21M | 41.93M |
| Total Debt | 85.4M | 70.77M | 64.82M | 63.7M | 58.19M | 54.91M | 49.78M | 56.53M | 53.28M | 51.72M | 55.73M | 48.66M | 47.11M | 54.51M | 48.88M | 44.88M | 35.07M | 22.5M | 16.54M | 16.72M |
| Net Debt | -326.77M | 29M | -55.45M | 40.59M | 31.18M | 23.32M | 26.94M | 31.64M | 25.47M | 25.93M | 17.98M | 20.13M | 17.01M | 19.07M | 13.94M | 11.96M | -5.98M | -6.99M | -20.22M | -26.88M |
| Debt / Equity | 0.09x | 0.21x | 0.19x | 0.26x | 0.24x | 0.22x | 0.20x | 0.21x | 0.20x | 0.20x | 0.21x | 0.18x | 0.17x | 0.19x | 0.17x | 0.16x | 0.12x | 0.08x | 0.06x | 0.06x |
| Debt / EBITDA | 6.64x | 83.26x | - | 53.84x | - | - | - | - | 146.77x | - | - | - | - | - | 45.77x | 6.78x | 4.80x | 3.96x | 3.29x | 3.96x |
| Net Debt / EBITDA | -25.41x | 34.12x | - | 34.31x | - | - | - | - | 70.17x | - | - | - | - | - | 13.05x | 1.81x | -0.82x | -1.23x | -4.02x | -6.37x |
| Interest Coverage | - | - | -7.54x | -1.96x | -34.12x | -35.96x | -16.43x | -4.78x | -2.82x | -4.08x | -8.13x | -16.10x | -14.05x | -7.86x | 4.72x | 25.18x | 41.28x | 26.31x | 21.39x | 100.11x |
| Total Equity | 951.85M | 336.97M | 334.63M | 240.46M | 240.63M | 246.17M | 254.91M | 266.22M | 263.11M | 265.09M | 269.15M | 268.08M | 274.38M | 288.34M | 289.75M | 285.36M | 286.73M | 287.52M | 280.23M | 273.73M |
| Equity Growth % | 295.56% | 36.88% | 31.28% | -9.68% | -8.54% | -7.14% | -5.29% | -0.69% | -4.11% | -8.06% | -7.11% | -6.05% | -4.31% | 0.28% | 3.4% | 4.25% | 7.25% | 11.15% | 9.67% | 35.58% |
| Book Value per Share | 15.00 | 6.32 | 7.48 | 5.48 | 5.51 | 5.65 | 5.88 | 6.17 | 6.11 | 6.17 | 6.28 | 6.29 | 6.44 | 6.78 | 6.78 | 6.64 | 6.74 | 6.74 | 6.56 | 6.41 |
| Total Shareholders' Equity | 887.27M | 274.87M | 273.29M | 179.15M | 179.71M | 185.04M | 192.77M | 200.73M | 199.67M | 201.08M | 203.99M | 204.23M | 209.79M | 220M | 221.61M | 217.15M | 216.32M | 215.71M | 211.53M | 205.74M |
| Common Stock | 66K | 56K | 55K | 46K | 46K | 46K | 45K | 45K | 44K | 44K | 44K | 44K | 44K | 44K | 44K | 43K | 43K | 43K | 43K | 43K |
| Retained Earnings | -55.42M | -66.54M | -64.92M | -61.38M | -59.47M | -52.46M | -43.66M | -38.58M | -35.64M | -34.12M | -32.04M | -28.42M | -22.6M | -17.51M | -14.16M | -15.5M | -21.26M | -26.8M | -29.97M | -32.94M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.67M | -4.6M | -5.29M | -6.66M | -7.17M | -8.23M | -8.66M | -5.04M | -8.23M | -7.63M | -6M | -8.58M | -8.18M | -2.26M | -3.12M | -5.46M | 637K | 6.63M | 6.3M | 4.58M |
| Minority Interest | 64.57M | 62.09M | 61.34M | 61.31M | 60.92M | 61.13M | 62.14M | 65.49M | 63.44M | 64.01M | 65.16M | 63.85M | 64.59M | 68.34M | 68.14M | 68.21M | 70.41M | 71.81M | 68.7M | 67.99M |