AXT, Inc. (AXTI)

AXT, Inc. Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	125.51	88.33	99.36	75.8	141.12	137.39
Revenue Growth	45.80%	-11.11%	31.09%	-46.29%	2.71%	44.08%
Gross Profit Gross Profit Growth	40.39	11.24	23.84	13.32	52.12	47.41
Operating Income Operating Income Growth	3.88	-21.98	-14.8	-21.57	12.55	12.9
Net Income Net Income Growth	3.88	-21.44	-11.8	-18.06	15.63	14.4
Earnings Per Share EPS Growth	0.07	-0.49	-0.27	-0.42	0.37	0.34
EPS Growth	-	-	-	-	8.82%	385.71%

Revenue by Geography

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
China China Growth	74.56	55.08	56.12	39.78	55.41	67.39
Taiwan Taiwan Growth	14.47	13.04	14.1	8.65	28.78	16.84
Japan Japan Growth	6.49	4.91	4.98	4.64	11.72	10.11
Asia Pacific (Excluding China, Taiwan and Japan) Asia Pacific (Excluding China, Taiwan and Japan) Growth	6.91	2.44	2.82	3.81	4.19	7.54
Europe (Primarily Germany) Europe (Primarily Germany) Growth	22.34	11.16	13.77	12.32	20.59	23.07
North America (Primarily The United States) North America (Primarily The United States) Growth	0.74	1.71	7.58	6.6	20.42	12.44
Total Total Growth	125.51	88.33	99.36	75.8	141.12	137.39

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	417.2	120.27	22.83	39.89	44.29	42.18
Total Debt Total Debt Growth	101.53	70.02	49.78	55.73	48.89	16.54
Net Cash (Debt) Net Cash Growth	315.67	50.25	-26.94	-15.84	-4.6	25.64
Net Cash Growth	-	-	-	-	-	-56.98%
Net Cash Per Share Net Cash Per Share Growth	6.08	1.14	-0.62	-0.37	-0.11	0.60

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-5.76	-12.78	-12.11	3.4	-8.77	-3.31
Capital Expenditures CapEx Growth	-13.8	-6	-5.77	-10.48	-28.47	-29.65
Free Cash Flow Free Cash Flow Growth	-19.57	-18.78	-17.88	-7.07	-37.23	-32.95
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	32.18%	12.73%	23.99%	17.57%	36.93%	34.51%
Operating Margin	3.09%	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Pretax Margin	7.62%	-24.39%	-10.73%	-25.11%	14.83%	12.81%
Profit Margin	3.09%	-24.27%	-11.88%	-23.82%	11.08%	10.48%
FCF Margin	-15.59%	-21.26%	-18.00%	-9.33%	-26.38%	-23.98%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	912.55	-	-	-	11.99	25.60
Forward PE	41.24	53.09	53.09	17.77	16.85	22.03
PS Ratio	33.45	9.89	0.95	1.35	1.33	2.68

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

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