AXT, Inc. (AXTI)

AXT, Inc. Balance Sheet

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

Assets

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Cash & Equivalents	412.17	41.77	120.27	23.11	27.01	31.58	22.83	24.9	27.81	25.79	37.75	28.52	30.09	35.44	34.95	32.92	41.04	29.49	36.76	43.61
Short-Term Investments	5.03	65.38	-	-	-	-	-	-	1.68	1.67	2.14	4.27	7.09	7.02	9.34	7.21	4.47	5.4	5.42	5.68
Cash & Short-Term Investments	417.2	107.14	120.27	23.11	27.01	31.58	22.83	24.9	29.48	27.46	39.89	32.79	37.18	42.45	44.29	40.13	45.51	34.89	42.18	49.29
Cash Growth (YoY)	1444.78%	239.23%	426.72%	-7.18%	-8.40%	15.02%	-42.76%	-24.07%	-20.70%	-35.32%	-9.92%	-18.27%	-18.31%	21.66%	4.99%	-18.59%	-18.04%	-43.21%	-42.09%	83.30%
Accounts Receivable	36.68	32.02	26.85	33.84	22.79	22.86	25.64	27.97	27.16	25.06	19.26	18.88	19.86	21.35	29.25	38.13	38.75	39.85	34.84	36.58
Receivables	36.68	32.02	26.85	33.84	22.79	22.86	25.64	27.97	27.16	25.06	19.26	18.88	19.86	21.35	29.25	38.13	38.75	39.85	34.84	36.58
Inventory	96.32	90.17	81.65	77.66	80.06	80.41	85.08	86.11	85.77	85.94	86.5	86.38	87.06	91.68	89.63	88.5	77.28	68.82	65.91	60.68
Prepaid Expenses	15.56	8.35	9.69	7.05	7	8.08	13.74	14.99	11.19	11.47	12.64	11.47	10.58	12.07	13.98	10.8	11.94	16.5	17.25	13.06
Restricted Cash	33.05	16.1	8.1	8.1	8.1	6.6	10.98	13.89	13.79	13.81	12.36	10.78	10.79	9.46	6.4	3.9	3.9	-	-	-
Total Current Assets	598.8	253.78	246.56	149.76	144.96	149.53	158.27	167.86	167.4	163.74	170.66	160.31	165.47	177	183.55	181.46	177.38	160.06	160.19	159.62
Property, Plant & Equipment	176.69	166.48	163.84	161.39	161.95	161.39	162.2	168.91	163.86	165.78	169.15	161.65	160.15	164.18	162.78	154.55	154.9	149.51	144.74	134.02
Long-Term Investments	312.66	15.46	14.97	15.32	14.74	15.19	14.62	14.08	12.5	13.2	13.03	13.2	13.99	18.19	16.73	17.92	20.84	20.71	19.74	15.98
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	1.8
Other Long-Term Assets	9.04	8.88	5.21	7.57	7.36	7.37	1.1	4.73	5.65	6.25	2.37	7.03	6.6	7.25	2.86	7.85	8.14	8.11	3.33	4.25
Total Assets	1,097	444.6	433.75	334.03	329	333.48	339.31	355.58	349.41	348.96	358.7	342.19	346.2	366.62	370.07	361.78	361.27	338.4	332.44	315.66

Liabilities

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Accounts Payable	14.37	16.14	12.95	10.85	11.24	11.11	12.36	12.78	11.66	10.26	9.62	6.37	4.69	6.77	10.08	13.35	23.32	14.4	16.65	11.38
Accrued Expenses	7.29	5.85	8.24	5.28	5.82	5.4	6.94	5.61	5.48	6.38	7.36	6.88	7.13	6.54	8.8	6.88	7.25	5.67	8.42	6
Short-Term Debt	79.03	63.77	58.5	57.05	51.33	50.82	47.26	52.85	49.92	49.05	52.92	45.78	45.62	52.82	47.08	43	32.97	20.19	14.12	13.29
Current Portion of Long-Term Debt	5.2	5.1	4.3	4.5	4.6	1.7	-	1.2	0.8	-	-	-	-	-	-	-	-	-	-	-
Current Portion of Leases	0.63	0.59	0.58	0.56	0.55	0.53	0.54	0.49	0.47	0.46	0.46	0.44	0.33	0.41	0.49	0.5	0.5	0.5	0.49	0.48
Current Income Taxes Payable	2.27	0.76	0.84	0.76	0.37	0.19	0.13	0.65	0.36	0.27	-	0.03	0.23	0.45	0.73	1.39	1.45	1	0.54	1.2
Current Unearned Revenue	12.08	0.89	0.1	0.51	0.33	0.19	1.59	0.37	1.11	0.54	0.31	0.56	0.18	1.12	0.34	0.44	0.76	1.02	0.95	0.35
Other Current Liabilities	4.79	4.77	5.04	5.4	5.3	5.32	5.37	4.82	4.85	5.04	10.89	7.61	9.08	4.69	7.82	7.36	4.63	4.02	6.67	4.65
Total Current Liabilities	125.66	97.88	90.54	84.9	79.54	75.26	74.18	78.77	74.65	72.01	81.56	67.67	67.26	72.79	75.33	72.91	70.87	46.8	47.82	37.34
Long-Term Debt	15.5	6.8	5.2	5	5	7.9	-	6.4	6.7	-	-	-	-	-	-	-	-	-	-	0.93
Long-Term Leases	1.16	1.31	1.44	1.59	1.71	1.86	1.98	1.99	2.08	2.21	2.35	2.44	1.16	1.28	1.32	1.38	1.6	1.81	1.94	2.04
Other Long-Term Liabilities	3.02	1.65	1.94	2.09	2.12	2.29	8.25	2.2	2.87	9.66	5.65	4.01	3.4	4.22	3.68	2.13	2.07	2.26	2.45	1.63
Total Liabilities	145.34	107.63	99.12	93.58	88.37	87.31	84.41	89.36	86.3	83.87	89.56	74.11	71.82	78.29	80.33	76.42	74.54	50.88	52.21	41.93

Shareholders' Equity

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Common Stock	0.07	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	943.76	342.43	339.92	243.61	242.78	242.15	241.51	240.77	239.96	239.26	238.45	237.65	236.99	236.19	235.31	234.53	233.36	232.32	231.62	230.52
Retained Earnings	-55.42	-66.54	-64.92	-61.38	-59.47	-52.46	-43.66	-38.58	-35.64	-34.12	-32.04	-28.42	-22.6	-17.51	-14.16	-15.5	-21.26	-26.81	-29.97	-32.94
Comprehensive Income & Other	-4.67	-4.6	-5.3	-6.66	-7.17	-8.23	-8.66	-5.04	-8.23	-7.63	-6	-8.58	-8.18	-2.26	-3.12	-5.46	0.64	6.63	6.3	4.58
Total Common Equity	883.74	271.34	269.76	175.62	176.18	181.51	189.24	197.2	196.14	197.55	200.46	200.7	206.26	216.47	218.08	213.62	212.79	212.18	208	202.21
Minority Interest	64.57	62.09	61.34	61.31	60.92	61.14	62.14	65.49	63.44	64.01	65.16	63.85	64.59	68.34	68.14	68.21	70.41	71.81	68.7	67.99
Shareholders' Equity	951.85	336.97	334.63	240.46	240.63	246.17	254.91	266.22	263.11	265.09	269.15	268.08	274.38	288.34	289.75	285.36	286.73	287.52	280.23	273.73
Total Liabilities & Equity	1,097	444.6	433.75	334.03	329	333.48	339.31	355.58	349.41	348.96	358.7	342.19	346.2	366.62	370.07	361.78	361.27	338.4	332.44	315.66

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Total Debt	101.53	77.57	70.02	68.7	63.19	62.81	49.78	62.93	59.98	51.72	55.73	48.66	47.11	54.51	48.89	44.88	35.07	22.5	16.54	16.72
Net Cash (Debt)	315.67	29.57	50.25	-45.59	-36.19	-31.22	-26.94	-38.04	-30.5	-24.26	-15.84	-15.86	-9.93	-12.06	-4.6	-4.75	10.45	12.39	25.64	32.57
Net Cash Growth (YoY)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75.35%	-74.38%	-56.98%	57.52%
Net Cash Per Share	4.97	0.55	1.12	-1.04	-0.83	-0.72	-0.62	-0.88	-0.71	-0.56	-0.37	-0.37	-0.23	-0.28	-0.11	-0.11	0.25	0.29	0.60	0.76
Filing Date Shares Outstanding	64.2	63.82	53.81	44.75	44.21	43.97	44.06	43.5	43.35	43.19	43.03	42.71	42.73	42.59	42.58	42.78	42.28	42.09	42.09	41.83
Total Common Shares Outstanding	64.19	53.97	53.57	44.35	44.17	43.98	43.82	43.42	43.35	43.19	43.02	42.71	42.73	42.59	42.57	42.39	42.28	42.09	42.01	41.72
Working Capital	473.15	155.9	156.02	64.86	65.42	74.28	84.1	89.09	92.75	91.74	89.1	92.65	98.21	104.21	108.22	108.55	106.51	113.26	112.36	122.28
Book Value Per Share	13.77	5.03	5.04	3.96	3.99	4.13	4.32	4.54	4.52	4.57	4.66	4.70	4.83	5.08	5.12	5.04	5.03	5.04	4.95	4.85
Tangible Book Value	883.74	271.34	268.09	175.62	176.18	181.51	187.53	197.2	196.14	197.55	198.64	200.7	206.26	216.47	216.15	213.62	212.79	212.18	205.89	202.21
Tangible Book Value Per Share	13.77	5.03	5.00	3.96	3.99	4.13	4.28	4.54	4.52	4.57	4.62	4.70	4.83	5.08	5.08	5.04	5.03	5.04	4.90	4.85
Buildings	150.58	147.94	145.95	143.2	142.31	138.27	137.42	142.37	137.41	124.2	125.79	113.1	113.32	119.07	118.55	112.02	109.81	109.07	108.78	104.25
Machinery	73.24	71.38	69.91	69.95	69.12	67.44	67.92	68.29	66.96	66.47	65.92	64.03	63.44	64.26	62.8	58.98	58.44	59.62	59.28	56.11
Construction In Progress	33.98	25.42	23.47	21.84	21.59	23.81	23.53	25.31	22.87	36.85	38.48	42.13	40.68	38.32	36.68	36.64	41.06	37.47	31.66	26.77
Leasehold Improvements	8.43	8.26	8.11	7.93	7.74	7.65	7.58	7.83	7.57	7.47	7.6	7.37	7.4	7.55	7.43	6.61	6.77	7.06	7.04	6.67

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 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:

Aug 30, 2026

Data Sources Report a data error