AXT, Inc. (AXTI)

AXT, Inc. Balance Sheet

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

Assets

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Cash & Equivalents	485.47	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
Short-Term Investments	27.27	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
Cash & Short-Term Investments	512.74	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
Cash Growth (YoY)	2118.68%	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%
Accounts Receivable	39.69	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
Receivables	39.69	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
Inventory	103.66	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
Prepaid Expenses	27.33	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
Restricted Cash	41.2	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	724.62	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
Property, Plant & Equipment	196.51	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
Long-Term Investments	271.96	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
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	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
Total Assets	1,218	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

Liabilities

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Accounts Payable	18.04	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
Accrued Expenses	100.41	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
Short-Term Debt	72.46	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
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
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
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
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
Total Current Liabilities	190.91	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
Long-Term Debt	42.93	15.5	6.8	5.2	5	5	7.9	-	6.4	6.7	-	-	-	-	-	-	-	-	-	-
Long-Term Leases	1.22	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
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
Total Liabilities	235.06	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

Shareholders' Equity

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Common Stock	0.07	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
Additional Paid-In Capital	944.83	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
Retained Earnings	-29.69	-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
Comprehensive Income & Other	-5.39	-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
Total Common Equity	909.82	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
Minority Interest	69.48	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
Shareholders' Equity	982.82	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
Total Liabilities & Equity	1,218	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

Additional Metrics

Fiscal Quarter	Q3 2026	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
Period Ending	Sep 30, 2026	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
Total Debt	116.61	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
Net Cash (Debt)	396.13	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
Net Cash Growth (YoY)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75.35%	-74.38%	-56.98%
Net Cash Per Share	6.01	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
Filing Date Shares Outstanding	63.83	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
Total Common Shares Outstanding	63.83	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
Working Capital	533.7	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
Book Value Per Share	14.25	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
Tangible Book Value	909.82	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
Tangible Book Value Per Share	14.25	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
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
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
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
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

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 3, 2026

Data Sources Report a data error