AXT, Inc. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	128.37	33.81	50.11	41.35	36.76
Short-Term Investments	-	-	2.14	9.34	5.42
Cash & Short-Term Investments	128.37	33.81	52.25	50.69	42.18
Cash Growth	279.66%	-35.30%	3.09%	20.16%	-42.09%
Accounts Receivable	26.85	25.64	19.26	29.25	34.84
Inventory	81.65	85.08	86.5	89.63	65.91
Other Current Assets	9.69	13.74	12.64	13.98	17.25
Total Current Assets	246.56	158.27	170.66	183.55	160.19
Net Property, Plant & Equipment	163.84	162.2	169.15	162.78	144.74
Long-Term Investments	-	-	-	2.12	9.58
Other Long-Term Assets	23.35	18.84	18.9	21.63	17.94
Total Assets	433.75	339.31	358.7	370.07	332.44
Accounts Payable	12.95	12.36	9.62	10.08	16.65
Accrued Expenses	14.8	14.56	19.02	18.16	17.06
Short-Term Debt	62.8	47.26	52.92	47.08	14.12
Total Current Liabilities	90.54	74.18	81.56	75.33	47.82
Long-Term Leases	1.44	1.98	2.35	1.32	1.94
Other Long-Term Liabilities	7.14	8.25	5.65	3.68	2.45
Total Long-Term Liabilities	8.58	10.23	8	5	4.39
Total Liabilities	99.12	84.41	89.56	80.33	52.21
Preferred Stock	3.53	3.53	3.53	3.53	3.53
Common Stock	0.06	0.05	0.04	0.04	0.04
Additional Paid-in Capital	339.92	241.51	238.45	235.31	231.62
Accumulated Other Comprehensive Income	-5.3	-8.66	-6	-3.12	6.3
Retained Earnings	-64.92	-43.66	-32.04	-14.16	-29.97
Total Common Shareholders' Equity	273.29	192.77	203.99	221.61	211.53
Minority Interest	61.34	62.14	65.16	68.14	68.7
Shareholders' Equity	296.58	216.33	227.48	244.9	229.85
Total Liabilities & Equity	433.75	339.31	358.7	370.07	332.44
Total Debt	64.24	49.24	55.27	48.4	16.05
Net Cash (Debt)	64.13	-15.43	-3.02	2.29	26.13
Net Cash Growth	-	-	-	-91.25%	-56.49%
Net Cash Per Share	1.46	-0.36	-0.07	0.05	0.61
Book Value	273.29	192.77	203.99	221.61	211.53
Book Value Per Share	6.22	4.47	4.78	5.19	4.95
Tangible Book Value	273.29	192.77	203.99	221.61	211.53
Tangible Book Value Per Share	6.22	4.47	4.78	5.19	4.95

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q