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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	31.58	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	31.58	22.83	39.89	44.29	42.18	72.84
Cash Growth	15.02%	-42.76%	-9.92%	4.99%	-42.09%	100.56%
Accounts Receivable	22.86	25.64	19.26	29.25	34.84	24.56
Receivables	22.86	25.64	19.26	29.25	34.84	24.56
Inventory	80.41	85.08	86.5	89.63	65.91	51.52
Prepaid Expenses	8.08	13.74	12.64	13.98	17.25	15.6
Restricted Cash	6.6	10.98	12.36	6.4	-	-
Total Current Assets	149.53	158.27	170.66	183.55	160.19	164.52
Property, Plant & Equipment	161.39	162.2	169.15	162.78	144.74	118.51
Long-Term Investments	15.19	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	7.37	1.1	2.37	2.86	3.33	2.05
Total Assets	333.48	339.31	358.7	370.07	332.44	298.86
Accounts Payable	11.11	12.36	9.62	10.08	16.65	12.67
Accrued Expenses	5.4	6.94	7.36	8.8	8.42	7.18
Short-Term Debt	50.82	45.96	52.92	47.08	14.12	10.41
Current Portion of Long-Term Debt	1.7	1.3	-	-	-	-
Current Portion of Leases	0.53	0.54	0.46	0.49	0.49	0.45
Current Income Taxes Payable	0.19	0.13	-	0.73	0.54	0.76
Current Unearned Revenue	0.19	1.59	0.31	0.34	0.95	0.37
Other Current Liabilities	5.32	5.37	10.89	7.82	6.67	7.24
Total Current Liabilities	75.26	74.18	81.56	75.33	47.82	39.08
Long-Term Debt	7.9	5.8	-	-	-	-
Long-Term Leases	1.86	1.98	2.35	1.32	1.94	2.37
Other Long-Term Liabilities	2.29	2.45	5.65	3.68	2.45	1.88
Total Liabilities	87.31	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	242.15	241.51	238.45	235.31	231.62	230.38
Retained Earnings	-52.46	-43.66	-32.04	-14.16	-29.97	-44.55
Comprehensive Income & Other	-8.23	-8.66	-6	-3.12	6.3	3.21
Total Common Equity	181.51	189.24	200.46	218.08	208	189.09
Minority Interest	61.14	62.14	65.16	68.14	68.7	62.91
Shareholders' Equity	246.17	254.91	269.15	289.75	280.23	255.53
Total Liabilities & Equity	333.48	339.31	358.7	370.07	332.44	298.86
Total Debt	62.81	55.58	55.73	48.89	16.54	13.23
Net Cash (Debt)	-31.22	-32.74	-15.84	-4.6	25.64	59.61
Net Cash Growth	-	-	-	-	-56.98%	116.31%
Net Cash Per Share	-0.72	-0.76	-0.37	-0.11	0.60	1.45
Filing Date Shares Outstanding	43.97	44.06	43.03	42.58	42.09	41.06
Total Common Shares Outstanding	43.98	43.82	43.02	42.57	42.01	40.95
Working Capital	74.28	84.1	89.1	108.22	112.36	125.44
Book Value Per Share	4.13	4.32	4.66	5.12	4.95	4.62
Tangible Book Value	181.51	187.53	198.64	216.15	205.89	187.41
Tangible Book Value Per Share	4.13	4.28	4.62	5.08	4.90	4.58
Buildings	138.27	137.42	125.79	118.55	108.78	94.57
Machinery	67.44	67.92	65.92	62.8	59.28	48.21
Construction In Progress	23.81	23.53	38.48	36.68	31.66	24.54
Leasehold Improvements	7.65	7.58	7.6	7.43	7.04	6.29

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q