AXT financials
$78.18+6.12%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.3M | $99.4M | $75.8M | $141.1M | $137.4M | $95.4M | $83.3M | $102.4M | $98.7M | $81.3M |
| Gross profit | $11.2M | $23.8M | $13.3M | $52.1M | $47.4M | $30.3M | $24.8M | $37.0M | $34.5M | $26.4M |
| Gross margin | 12.7% | 24.0% | 17.6% | 36.9% | 34.5% | 31.7% | 29.8% | 36.2% | 34.9% | 32.4% |
| Operating income | -$22.0M | -$14.8M | -$21.6M | $12.6M | $12.9M | $3.9M | -$314.0K | $12.1M | $12.6M | $6.4M |
| Net income | -$21.3M | -$11.6M | -$17.9M | $15.8M | $14.6M | $3.2M | -$2.6M | $9.7M | $10.1M | $5.6M |
| Net margin | −24.1% | −11.7% | −23.6% | 11.2% | 10.6% | 3.4% | −3.1% | 9.4% | 10.3% | 6.9% |
| Diluted EPS | $-0.49 | $-0.27 | $-0.42 | $0.37 | $0.34 | $0.07 | $-0.07 | $0.24 | $0.26 | $0.17 |
| EBITDA | -$12.9M | -$5.8M | -$12.8M | $20.7M | $20.0M | $8.3M | $5.2M | $17.0M | $17.1M | $11.5M |
| Operating cash flow | -$12.8M | -$12.1M | $3.4M | -$8.8M | -$3.3M | $5.9M | $12.7M | $3.2M | $8.6M | $12.5M |
| Free cash flow | -$18.8M | -$17.9M | -$7.1M | -$37.2M | -$33.0M | -$14.0M | -$9.1M | -$37.3M | -$12.7M | $9.8M |
| Diluted shares | 43.9M | 43.2M | 42.6M | 42.7M | 42.7M | 41.0M | 39.5M | 40.3M | 39.0M | 32.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $120.3M | $22.8M | $37.8M | $34.9M | $36.8M | $72.6M |
| Short-term investments | $0.00 | $0.00 | $2.1M | $9.3M | $5.4M | $240.0K |
| Total debt | $62.8M | $47.3M | $52.9M | $47.1M | $14.1M | $10.4M |
| Total assets | $433.8M | $339.3M | $358.7M | $370.1M | $332.4M | $298.9M |
| Total liabilities | $99.1M | $84.4M | $89.6M | $80.3M | $52.2M | $43.3M |
| Shareholders' equity | $296.6M | $216.3M | $227.5M | $244.9M | $229.8M | $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