AXT, Inc. (AXTI)

AXT, Inc. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	88.33	99.36	75.8	141.12	137.39
Revenue Growth (YoY)	-11.11%	31.09%	-46.29%	2.71%	44.08%
Cost of Revenue	77.08	75.53	62.48	89	89.98
Gross Profit	11.24	23.84	13.32	52.12	47.41
Selling, General & Admin	24.17	24.1	22.81	25.65	24.19
Research & Development	9.05	14.54	12.08	13.91	10.33
Operating Expenses	33.22	38.64	34.89	39.57	34.52
Operating Income	-21.98	-14.8	-21.57	12.55	12.9
Interest Expense	-1.26	-1.34	-1.53	-1.07	-0.21
Earnings From Equity Investments	0.77	3.44	1.88	5.96	4.41
Currency Exchange Gain (Loss)	-	0.09	0.17	1.57	-0.43
Other Non Operating Income (Expenses)	0.92	1.96	2.01	1.91	1.01
EBT Excluding Unusual Items	-21.54	-10.66	-19.03	20.93	17.67
Gain (Loss) on Sale of Investments	-	-	-	-	-0.07
Pretax Income	-21.54	-10.66	-19.03	20.93	17.6
Income Tax Expense	1.66	1.13	0.16	2.19	1.09
Earnings From Continuing Operations	-23.2	-11.79	-19.19	18.74	16.51
Minority Interest in Earnings	1.94	0.17	1.31	-2.93	-1.93
Net Income	-21.26	-11.62	-17.88	15.81	14.58
Preferred Dividends & Other Adjustments	-	0.18	0.18	0.18	0.18
Net Income to Common	-21.26	-11.8	-18.06	15.63	14.4
Net Income Growth	-	-	-	8.48%	350.12%
Shares Outstanding (Basic)	44	43	43	42	41
Shares Outstanding (Diluted)	44	43	43	43	43
Shares Change (YoY)	1.80%	1.20%	-0.17%	-0.01%	4.13%
EPS (Basic)	-0.48	-0.27	-0.42	0.37	0.35
EPS (Diluted)	-0.49	-0.27	-0.42	0.37	0.34
EPS Growth	-	-	-	8.82%	385.71%
Free Cash Flow	-	-17.88	-7.07	-37.23	-32.95
Free Cash Flow Per Share	-	-0.41	-0.17	-0.87	-0.77
Gross Margin	12.73%	23.99%	17.57%	36.93%	34.51%
Operating Margin	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Profit Margin	-24.07%	-11.88%	-23.82%	11.08%	10.48%
Free Cash Flow Margin	-	-18.00%	-9.33%	-26.38%	-23.98%
EBITDA	-12.92	-5.82	-12.85	20.67	19.98
EBITDA Margin	-14.63%	-5.86%	-16.95%	14.65%	14.54%
D&A For EBITDA	9.05	8.98	8.72	8.12	7.08
EBIT	-21.98	-14.8	-21.57	12.55	12.9
EBIT Margin	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Effective Tax Rate	-	-	-	10.44%	6.21%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q