AXT, Inc. (AXTI)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	27.01	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	27.01	22.83	39.89	44.29	42.18	72.84
Cash Growth	-8.40%	-42.76%	-9.92%	4.99%	-42.09%	100.56%
Accounts Receivable	22.79	25.64	19.26	29.25	34.84	24.56
Receivables	22.79	25.64	19.26	29.25	34.84	24.56
Inventory	80.06	85.08	86.5	89.63	65.91	51.52
Prepaid Expenses	7	13.74	12.64	13.98	17.25	15.6
Restricted Cash	8.1	10.98	12.36	6.4	-	-
Total Current Assets	144.96	158.27	170.66	183.55	160.19	164.52
Property, Plant & Equipment	161.95	162.2	169.15	162.78	144.74	118.51
Long-Term Investments	-	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	22.1	1.1	2.37	2.86	3.33	2.05
Total Assets	329	339.31	358.7	370.07	332.44	298.86
Accounts Payable	11.24	12.36	9.62	10.08	16.65	12.67
Accrued Expenses	12.37	6.94	7.36	8.8	8.42	7.18
Short-Term Debt	55.93	45.96	52.92	47.08	14.12	10.41
Current Portion of Long-Term Debt	-	1.3	-	-	-	-
Current Portion of Leases	-	0.54	0.46	0.49	0.49	0.45
Current Income Taxes Payable	-	0.13	-	0.73	0.54	0.76
Current Unearned Revenue	-	1.59	0.31	0.34	0.95	0.37
Other Current Liabilities	-	5.37	10.89	7.82	6.67	7.24
Total Current Liabilities	79.54	74.18	81.56	75.33	47.82	39.08
Long-Term Debt	7.12	5.8	-	-	-	-
Long-Term Leases	1.71	1.98	2.35	1.32	1.94	2.37
Other Long-Term Liabilities	-	2.45	5.65	3.68	2.45	1.88
Total Liabilities	88.37	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	242.78	241.51	238.45	235.31	231.62	230.38
Retained Earnings	-59.47	-43.66	-32.04	-14.16	-29.97	-44.55
Comprehensive Income & Other	-7.17	-8.66	-6	-3.12	6.3	3.21
Total Common Equity	176.18	189.24	200.46	218.08	208	189.09
Minority Interest	60.92	62.14	65.16	68.14	68.7	62.91
Shareholders' Equity	240.63	254.91	269.15	289.75	280.23	255.53
Total Liabilities & Equity	329	339.31	358.7	370.07	332.44	298.86
Total Debt	64.76	55.58	55.73	48.89	16.54	13.23
Net Cash (Debt)	-37.75	-32.74	-15.84	-4.6	25.64	59.61
Net Cash Growth	-	-	-	-	-56.98%	116.31%
Net Cash Per Share	-0.87	-0.76	-0.37	-0.11	0.60	1.45
Filing Date Shares Outstanding	43.71	44.06	43.03	42.58	42.09	41.06
Total Common Shares Outstanding	43.71	43.82	43.02	42.57	42.01	40.95
Working Capital	65.42	84.1	89.1	108.22	112.36	125.44
Book Value Per Share	4.03	4.32	4.66	5.12	4.95	4.62
Tangible Book Value	176.18	187.53	198.64	216.15	205.89	187.41
Tangible Book Value Per Share	4.03	4.28	4.62	5.08	4.90	4.58
Buildings	-	137.42	125.79	118.55	108.78	94.57
Machinery	-	67.92	65.92	62.8	59.28	48.21
Construction In Progress	-	23.53	38.48	36.68	31.66	24.54
Leasehold Improvements	-	7.58	7.6	7.43	7.04	6.29

Updated May 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q