AXT, Inc. (AXTI)

AXT, Inc. Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	485.47	120.27	22.83	37.75	34.95	36.76
Short-Term Investments	27.27	-	-	2.14	9.34	5.42
Cash & Short-Term Investments	512.74	120.27	22.83	39.89	44.29	42.18
Cash Growth	2118.68%	426.72%	-42.76%	-9.92%	4.99%	-42.09%
Accounts Receivable	39.69	26.85	25.64	19.26	29.25	34.84
Receivables	39.69	26.85	25.64	19.26	29.25	34.84
Inventory	103.66	81.65	85.08	86.5	89.63	65.91
Prepaid Expenses	27.33	9.69	13.74	12.64	13.98	17.25
Restricted Cash	41.2	8.1	10.98	12.36	6.4	-
Total Current Assets	724.62	246.56	158.27	170.66	183.55	160.19
Property, Plant & Equipment	196.51	163.84	162.2	169.15	162.78	144.74
Long-Term Investments	271.96	14.97	14.62	13.03	16.73	19.74
Other Intangible Assets	-	1.67	1.71	1.82	1.93	2.11
Long-Term Deferred Tax Assets	-	1.51	1.42	1.68	2.24	2.34
Other Long-Term Assets	24.8	5.21	1.1	2.37	2.86	3.33
Total Assets	1,218	433.75	339.31	358.7	370.07	332.44

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	18.04	12.95	12.36	9.62	10.08	16.65
Accrued Expenses	100.41	8.24	6.94	7.36	8.8	8.42
Short-Term Debt	72.46	58.5	47.26	52.92	47.08	14.12
Current Portion of Long-Term Debt	-	4.3	-	-	-	-
Current Portion of Leases	-	0.58	0.54	0.46	0.49	0.49
Current Income Taxes Payable	-	0.84	0.13	-	0.73	0.54
Current Unearned Revenue	-	0.1	1.59	0.31	0.34	0.95
Other Current Liabilities	-	5.04	5.37	10.89	7.82	6.67
Total Current Liabilities	190.91	90.54	74.18	81.56	75.33	47.82
Long-Term Debt	42.93	5.2	-	-	-	-
Long-Term Leases	1.22	1.44	1.98	2.35	1.32	1.94
Other Long-Term Liabilities	-	1.94	8.25	5.65	3.68	2.45
Total Liabilities	235.06	99.12	84.41	89.56	80.33	52.21

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.07	0.06	0.05	0.04	0.04	0.04
Additional Paid-In Capital	944.83	339.92	241.51	238.45	235.31	231.62
Retained Earnings	-29.69	-64.92	-43.66	-32.04	-14.16	-29.97
Comprehensive Income & Other	-5.39	-5.3	-8.66	-6	-3.12	6.3
Total Common Equity	909.82	269.76	189.24	200.46	218.08	208
Minority Interest	69.48	61.34	62.14	65.16	68.14	68.7
Shareholders' Equity	982.82	334.63	254.91	269.15	289.75	280.23
Total Liabilities & Equity	1,218	433.75	339.31	358.7	370.07	332.44

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	116.61	70.02	49.78	55.73	48.89	16.54
Net Cash (Debt)	396.13	50.25	-26.94	-15.84	-4.6	25.64
Net Cash Growth	-	-	-	-	-	-56.98%
Net Cash Per Share	6.89	1.14	-0.62	-0.37	-0.11	0.60
Filing Date Shares Outstanding	63.83	53.81	44.06	43.03	42.58	42.09
Total Common Shares Outstanding	63.83	53.57	43.82	43.02	42.57	42.01
Working Capital	533.7	156.02	84.1	89.1	108.22	112.36
Book Value Per Share	14.25	5.04	4.32	4.66	5.12	4.95
Tangible Book Value	909.82	268.09	187.53	198.64	216.15	205.89
Tangible Book Value Per Share	14.25	5.00	4.28	4.62	5.08	4.90
Buildings	-	145.95	137.42	125.79	118.55	108.78
Machinery	-	69.91	67.92	65.92	62.8	59.28
Construction In Progress	-	23.47	23.53	38.48	36.68	31.66
Leasehold Improvements	-	8.11	7.58	7.6	7.43	7.04

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 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:

Nov 10, 2026

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