AXT financials
$78.18+6.12%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.6M | $26.9M | $23.0M | $28.0M | $18.0M | $19.4M | $25.1M | $23.6M | $27.9M | $22.7M | $20.4M | $17.4M |
| Gross profit | $21.4M | $8.0M | $4.8M | $6.2M | $1.4M | -$1.2M | $4.4M | $5.7M | $7.7M | $6.1M | $4.6M | $1.9M |
| Gross margin | 44.9% | 29.6% | 20.9% | 22.3% | 8.0% | −6.4% | 17.6% | 24.0% | 27.4% | 26.9% | 22.6% | 10.7% |
| Operating income | $10.4M | -$1.6M | -$3.8M | -$1.1M | -$6.7M | -$10.3M | -$6.2M | -$3.4M | -$1.9M | -$3.3M | -$3.6M | -$6.7M |
| Net income | $11.1M | -$1.6M | -$3.5M | -$1.9M | -$7.0M | -$8.8M | -$5.1M | -$2.9M | -$1.5M | -$2.1M | -$3.6M | -$5.8M |
| Net margin | 23.4% | −6.0% | −15.4% | −6.8% | −39.0% | −45.5% | −20.3% | −12.4% | −5.4% | −9.2% | −17.7% | −33.5% |
| Diluted EPS | $0.17 | $-0.03 | $-0.08 | $-0.04 | $-0.16 | $-0.20 | $-0.12 | $-0.07 | $-0.04 | $-0.05 | $-0.08 | $-0.14 |
| EBITDA | $12.9M | $850.0K | -$1.5M | $1.2M | -$4.5M | -$8.1M | -$3.9M | -$1.1M | $363.0K | -$1.2M | -$1.3M | -$4.5M |
| Operating cash flow | $10.8M | -$11.7M | $4.3M | -$9.2M | -$4.6M | -$3.3M | $1.3M | -$5.4M | $843.0K | -$8.8M | $1.4M | -$792.0K |
| Free cash flow | $3.6M | -$13.1M | $1.3M | -$11.3M | -$4.9M | -$3.9M | $1.1M | -$6.4M | $572.0K | -$13.2M | $726.0K | -$5.2M |
| Diluted shares | 63.5M | 53.3M | 44.6M | 43.8M | 43.7M | 43.6M | 43.4M | 43.2M | 43.1M | 43.0M | 42.9M | 42.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $412.2M | $41.8M | $120.3M | $23.1M | $27.0M | $31.6M |
| Short-term investments | $5.0M | $65.4M | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $84.2M | $68.9M | $62.8M | $61.5M | $55.9M | $52.5M |
| Total assets | $1.10B | $444.6M | $433.8M | $334.0M | $329.0M | $333.5M |
| Total liabilities | $145.3M | $107.6M | $99.1M | $93.6M | $88.4M | $87.3M |
| Shareholders' equity | $912.1M | $298.4M | $296.6M | $202.3M | $202.6M | $208.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology