AXT, Inc. (AXTI)
NASDAQ: AXTI · Real-Time Price · USD
65.40
-5.34 (-7.55%)
At close: Aug 24, 2026, 4:00 PM EDT
68.95
+3.55 (5.43%)
Pre-market: Aug 25, 2026, 7:08 AM EDT
AXT, Inc. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 4.05 | -21.26 | -11.62 | -17.88 | 15.81 | 14.58 |
Depreciation & Amortization | 9.57 | 9.11 | 8.98 | 8.72 | 8.12 | 7.08 |
Loss (Gain) From Sale of Assets | -0 | 0 | 0.12 | 0.02 | -0.09 | -0.01 |
Loss (Gain) From Sale of Investments | 0.08 | - | - | 0.18 | 0.06 | 0.07 |
Loss (Gain) on Equity Investments | -1.46 | -0.77 | -3.44 | -2.05 | -5.96 | -4.41 |
Stock-Based Compensation | 3.81 | 3.29 | 3.1 | 3.54 | 4.01 | 4.52 |
Provision & Write-off of Bad Debts | - | - | - | 0.27 | -0.18 | 0.09 |
Other Operating Activities | 3.95 | -1.16 | 2.49 | 3.56 | 4.64 | 5.05 |
Change in Accounts Receivable | -12.77 | -0.39 | -6.9 | 9.31 | 4.54 | -9.75 |
Change in Inventory | -12.04 | 6.35 | -0.74 | 1.07 | -31.41 | -12.4 |
Change in Accounts Payable | 2.49 | 0.15 | 3.04 | -0.16 | -5.52 | 3.56 |
Change in Other Net Operating Assets | -3.43 | -8.1 | -7.14 | -3.18 | -2.79 | -11.68 |
Operating Cash Flow | -5.76 | -12.78 | -12.11 | 3.4 | -8.77 | -3.31 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -13.8 | -6 | -5.77 | -10.48 | -28.47 | -29.65 |
Investment in Securities | -305.57 | -0.84 | 1.33 | 7.87 | 3.24 | -9.17 |
Investing Cash Flow | -319.37 | -6.83 | -4.45 | -2.6 | -25.22 | -38.81 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 58.56 | 54.5 | 56.47 | 53.08 | 20.54 |
Long-Term Debt Issued | - | 3.46 | 5.83 | 0.64 | - | 1.83 |
Total Debt Issued | 92.21 | 62.02 | 60.33 | 57.11 | 53.08 | 22.38 |
Short-Term Debt Repaid | - | -48.57 | -60.09 | -49.21 | -17.8 | -19.07 |
Long-Term Debt Repaid | - | -1.51 | -0.8 | - | - | - |
Total Debt Repaid | -59.53 | -50.08 | -60.9 | -49.21 | -17.8 | -19.07 |
Net Debt Issued (Repaid) | 32.68 | 11.94 | -0.56 | 7.9 | 35.28 | 3.31 |
Issuance of Common Stock | 697.21 | 95.16 | 0.03 | 0.01 | 0.52 | 1.67 |
Other Financing Activities | - | - | - | 0.71 | 2.23 | 0.74 |
Financing Cash Flow | 729.89 | 107.1 | -0.54 | 8.61 | 38.03 | 5.73 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 5.36 | 7.08 | 0.79 | -0.65 | 0.54 | 0.55 |
Net Cash Flow | 410.11 | 94.56 | -16.3 | 8.77 | 4.59 | -35.84 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | -19.57 | -18.78 | -17.88 | -7.07 | -37.23 | -32.95 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -15.59% | -21.26% | -18.00% | -9.33% | -26.38% | -23.98% |
Free Cash Flow Per Share | -0.38 | -0.43 | -0.41 | -0.17 | -0.87 | -0.77 |
Levered Free Cash Flow | -44.42 | 1.82 | -10.26 | -3.74 | -35.87 | -31.45 |
Unlevered Free Cash Flow | -43.93 | 2.61 | -9.42 | -2.78 | -35.2 | -31.32 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Interest Paid | 1.79 | 1.79 | 2.07 | 1.56 | - | - |
Cash Income Tax Paid | 0.59 | 0.59 | 0.96 | 0.69 | 1.69 | 3.18 |
Change in Working Capital | -25.76 | -2 | -11.74 | 7.04 | -35.18 | -30.26 |