AXT, Inc. (AXTI)
NASDAQ: AXTI · Real-Time Price · USD
65.27
-3.40 (-4.95%)
At close: Aug 4, 2026, 4:00 PM EDT
65.46
+0.19 (0.29%)
Pre-market: Aug 5, 2026, 5:06 AM EDT

AXT, Inc. Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
125.5188.3399.3675.8141.12137.39
Revenue Growth
45.80%-11.11%31.09%-46.29%2.71%44.08%
Gross Profit
40.3911.2423.8413.3252.1247.41
Operating Income
3.88-21.98-14.8-21.5712.5512.9
Net Income
4.05-21.26-11.62-17.8815.8114.58
Earnings Per Share
0.02-0.49-0.27-0.420.370.34
EPS Growth
----8.82%385.71%

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
China
55.0856.1239.7855.4167.39
Taiwan
13.0414.18.6528.7816.84
Japan
4.914.984.6411.7210.11
Asia Pacific (Excluding China, Taiwan and Japan)
2.442.823.814.197.54
Europe (Primarily Germany)
11.1613.7712.3220.5923.07
North America (Primarily The United States)
1.717.586.620.4212.44
Total
88.3399.3675.8141.12137.39

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
450.25128.3733.8152.2550.6942.18
Total Debt
85.464.2449.2455.2748.416.05
Net Cash (Debt)
364.8564.13-15.43-3.022.2926.13
Net Cash Growth
-----91.25%-56.49%
Net Cash Per Share
7.111.46-0.36-0.070.050.61

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-21.12-12.78-12.113.4-0.01-0
Capital Expenditures
-6.86-6-5.77-10.48-0.03-0.03
Free Cash Flow
-27.98-18.78-17.88-7.07-0.04-0.03
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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
4.81%-26.27%-11.87%-25.32%13.28%12.02%
FCF Margin
0.00%-21.26%-18.00%-9.33%-0.03%-0.02%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
910.74---11.8425.91
Forward PE
41.1553.0953.0917.7716.8522.03
PS Ratio
33.1910.240.991.401.352.75