Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Axt, Inc. Revenue & Financial Statements
Axt, Inc. reported revenue of $88.3M for the fiscal year ended December 31, 2025, down 11.1% year over year, with net income of $(23.2M) and diluted EPS of $-0.49.
- Company
- Axt, Inc. AXTI · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 137.4M | 141.1M | 75.8M | 99.4M | 88.3M |
| Cost of revenue | 90.0M | 89.0M | 62.5M | 75.5M | 77.1M |
| Gross profit | 47.4M | 52.1M | 13.3M | 23.8M | 11.2M |
| Operating income | 12.9M | 12.6M | (21.6M) | (14.8M) | (22.0M) |
| Pretax income | 17.6M | 20.9M | (19.0M) | (10.7M) | (21.5M) |
| Net income | 17.7M | 6.4M | (20.8M) | (14.3M) | (23.2M) |
| Diluted EPS | 0.34 | 0.37 | -0.42 | -0.27 | -0.49 |
| EBITDA | 20.0M | 20.7M | (12.8M) | (5.8M) | (12.9M) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.7M | 27.9M | 23.6M | 25.1M | 19.4M | 18.0M | 28.0M | 23.0M |
| Cost of revenue | 16.6M | 20.3M | 18.0M | 20.7M | 20.6M | 16.5M | 21.7M | 18.2M |
| Gross profit | 6.1M | 7.7M | 5.7M | 4.4M | (1.2M) | 1.4M | 6.2M | 4.8M |
| Operating income | (3.3M) | (1.9M) | (3.4M) | (6.2M) | (10.3M) | (6.7M) | (1.1M) | (3.8M) |
| Pretax income | (1.8M) | (1.1M) | (2.3M) | (5.5M) | (9.9M) | (7.1M) | (1.2M) | (3.3M) |
| Net income | (3.7M) | (2.1M) | 252K | (8.7M) | (8.4M) | (6.0M) | (1.4M) | (3.8M) |
| Diluted EPS | -0.05 | -0.04 | -0.07 | -0.12 | -0.20 | -0.16 | -0.04 | -0.08 |
| EBITDA | (1.2M) | — | (1.1M) | (3.9M) | (8.1M) | — | 1.2M | (1.5M) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 332.4M | 370.1M | 358.7M | 339.3M | 433.8M |
| Current assets | 160.2M | 183.5M | 170.7M | 158.3M | 246.6M |
| Cash & equivalents | 36.8M | 34.9M | 37.8M | 22.8M | 120.3M |
| Total liabilities | 52.2M | 80.3M | 89.6M | 84.4M | 99.1M |
| Current liabilities | 47.8M | 75.3M | 81.6M | 74.2M | 90.5M |
| Long-term debt | — | — | — | — | — |
| Total debt | — | 47.1M | 52.9M | 46.0M | 58.5M |
| Stockholders’ equity | 211.5M | 221.6M | 204.0M | 192.8M | 273.3M |
| Net debt | — | 12.1M | 15.2M | 23.1M | (61.7M) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | (3.3M) | (8.8M) | 3.4M | (12.1M) | (12.8M) |
| Investing cash flow | (38.8M) | (25.2M) | (2.6M) | (4.4M) | (6.8M) |
| Financing cash flow | 5.7M | 38.0M | 8.6M | (536K) | 107.1M |
| Capital expenditure | 29.6M | 28.5M | 10.5M | 5.8M | 6.0M |
| Free cash flow | (33.0M) | (37.2M) | (7.1M) | (17.9M) | (18.8M) |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 4.5M | 4.0M | 3.5M | 3.1M | 3.3M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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