AXT, Inc. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	120.27	22.83	37.75	34.95	36.76
Short-Term Investments	-	-	2.14	9.34	5.42
Cash & Short-Term Investments	120.27	22.83	39.89	44.29	42.18
Cash Growth	426.72%	-42.76%	-9.92%	4.99%	-42.09%
Accounts Receivable	26.85	25.64	19.26	29.25	34.84
Receivables	26.85	25.64	19.26	29.25	34.84
Inventory	81.65	85.08	86.5	89.63	65.91
Prepaid Expenses	9.69	13.74	12.64	13.98	17.25
Restricted Cash	8.1	10.98	12.36	6.4	-
Total Current Assets	246.56	158.27	170.66	183.55	160.19
Property, Plant & Equipment	163.84	162.2	169.15	162.78	144.74
Long-Term Investments	-	14.62	13.03	16.73	19.74
Other Intangible Assets	-	1.71	1.82	1.93	2.11
Long-Term Deferred Tax Assets	-	1.42	1.68	2.24	2.34
Other Long-Term Assets	23.35	1.1	2.37	2.86	3.33
Total Assets	433.75	339.31	358.7	370.07	332.44
Accounts Payable	12.95	12.36	9.62	10.08	16.65
Accrued Expenses	14.8	6.94	7.36	8.8	8.42
Short-Term Debt	62.8	45.96	52.92	47.08	14.12
Current Portion of Long-Term Debt	-	1.3	-	-	-
Current Portion of Leases	-	0.54	0.46	0.49	0.49
Current Income Taxes Payable	-	0.13	-	0.73	0.54
Current Unearned Revenue	-	1.59	0.31	0.34	0.95
Other Current Liabilities	-	5.37	10.89	7.82	6.67
Total Current Liabilities	90.54	74.18	81.56	75.33	47.82
Long-Term Debt	-	5.8	-	-	-
Long-Term Leases	1.44	1.98	2.35	1.32	1.94
Other Long-Term Liabilities	7.14	2.45	5.65	3.68	2.45
Total Liabilities	99.12	84.41	89.56	80.33	52.21
Common Stock	0.06	0.05	0.04	0.04	0.04
Additional Paid-In Capital	339.92	241.51	238.45	235.31	231.62
Retained Earnings	-64.92	-43.66	-32.04	-14.16	-29.97
Comprehensive Income & Other	-5.3	-8.66	-6	-3.12	6.3
Total Common Equity	269.76	189.24	200.46	218.08	208
Minority Interest	61.34	62.14	65.16	68.14	68.7
Shareholders' Equity	334.63	254.91	269.15	289.75	280.23
Total Liabilities & Equity	433.75	339.31	358.7	370.07	332.44
Total Debt	64.24	55.58	55.73	48.89	16.54
Net Cash (Debt)	56.03	-32.74	-15.84	-4.6	25.64
Net Cash Growth	-	-	-	-	-56.98%
Net Cash Per Share	1.28	-0.76	-0.37	-0.11	0.60
Filing Date Shares Outstanding	44.63	44.06	43.03	42.58	42.09
Total Common Shares Outstanding	44.63	43.82	43.02	42.57	42.01
Working Capital	156.02	84.1	89.1	108.22	112.36
Book Value Per Share	6.04	4.32	4.66	5.12	4.95
Tangible Book Value	269.76	187.53	198.64	216.15	205.89
Tangible Book Value Per Share	6.04	4.28	4.62	5.08	4.90
Buildings	-	137.42	125.79	118.55	108.78
Machinery	-	67.92	65.92	62.8	59.28
Construction In Progress	-	23.53	38.48	36.68	31.66
Leasehold Improvements	-	7.58	7.6	7.43	7.04

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