AXT, Inc. (FRA:AHV)

AXT, Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	23.11	22.83	37.75	34.95	36.76	72.6
Short-Term Investments	-	-	2.14	9.34	5.42	0.24
Cash & Short-Term Investments	23.11	22.83	39.89	44.29	42.18	72.84
Cash Growth	-7.18%	-42.76%	-9.92%	4.99%	-42.09%	100.56%
Accounts Receivable	33.84	25.64	19.26	29.25	34.84	24.56
Receivables	33.84	25.64	19.26	29.25	34.84	24.56
Inventory	77.66	85.08	86.5	89.63	65.91	51.52
Prepaid Expenses	7.05	13.74	12.64	13.98	17.25	15.6
Restricted Cash	8.1	10.98	12.36	6.4	-	-
Total Current Assets	149.76	158.27	170.66	183.55	160.19	164.52
Property, Plant & Equipment	161.39	162.2	169.15	162.78	144.74	118.51
Long-Term Investments	15.32	14.62	13.03	16.73	19.74	12.1
Other Intangible Assets	-	1.71	1.82	1.93	2.11	1.68
Long-Term Deferred Tax Assets	-	1.42	1.68	2.24	2.34	-
Other Long-Term Assets	7.57	1.1	2.37	2.86	3.33	2.05
Total Assets	334.03	339.31	358.7	370.07	332.44	298.86
Accounts Payable	10.85	12.36	9.62	10.08	16.65	12.67
Accrued Expenses	5.28	6.94	7.36	8.8	8.42	7.18
Short-Term Debt	57.05	45.96	52.92	47.08	14.12	10.41
Current Portion of Long-Term Debt	4.5	1.3	-	-	-	-
Current Portion of Leases	0.56	0.54	0.46	0.49	0.49	0.45
Current Income Taxes Payable	0.76	0.13	-	0.73	0.54	0.76
Current Unearned Revenue	0.51	1.59	0.31	0.34	0.95	0.37
Other Current Liabilities	5.4	5.37	10.89	7.82	6.67	7.24
Total Current Liabilities	84.9	74.18	81.56	75.33	47.82	39.08
Long-Term Debt	5	5.8	-	-	-	-
Long-Term Leases	1.59	1.98	2.35	1.32	1.94	2.37
Other Long-Term Liabilities	2.09	2.45	5.65	3.68	2.45	1.88
Total Liabilities	93.58	84.41	89.56	80.33	52.21	43.33
Common Stock	0.05	0.05	0.04	0.04	0.04	0.04
Additional Paid-In Capital	243.61	241.51	238.45	235.31	231.62	230.38
Retained Earnings	-61.38	-43.66	-32.04	-14.16	-29.97	-44.55
Comprehensive Income & Other	-6.66	-8.66	-6	-3.12	6.3	3.21
Total Common Equity	175.62	189.24	200.46	218.08	208	189.09
Minority Interest	61.31	62.14	65.16	68.14	68.7	62.91
Shareholders' Equity	240.46	254.91	269.15	289.75	280.23	255.53
Total Liabilities & Equity	334.03	339.31	358.7	370.07	332.44	298.86
Total Debt	68.7	55.58	55.73	48.89	16.54	13.23
Net Cash (Debt)	-45.59	-32.74	-15.84	-4.6	25.64	59.61
Net Cash Growth	-	-	-	-	-56.98%	116.31%
Net Cash Per Share	-1.05	-0.76	-0.37	-0.11	0.60	1.45
Filing Date Shares Outstanding	44.75	44.06	43.03	42.58	42.09	41.06
Total Common Shares Outstanding	44.35	43.82	43.02	42.57	42.01	40.95
Working Capital	64.86	84.1	89.1	108.22	112.36	125.44
Book Value Per Share	3.96	4.32	4.66	5.12	4.95	4.62
Tangible Book Value	175.62	187.53	198.64	216.15	205.89	187.41
Tangible Book Value Per Share	3.96	4.28	4.62	5.08	4.90	4.58
Buildings	143.2	137.42	125.79	118.55	108.78	94.57
Machinery	69.95	67.92	65.92	62.8	59.28	48.21
Construction In Progress	21.84	23.53	38.48	36.68	31.66	24.54
Leasehold Improvements	7.93	7.58	7.6	7.43	7.04	6.29

Source: S&P Global Market Intelligence. Standard template. Financial Sources.