AXT, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Revenue	125.51	88.33	99.36	75.8	141.12	137.39
Revenue Growth	45.80%	-11.11%	31.09%	-46.29%	2.71%	44.08%
Cost of Revenue	85.12	77.08	75.53	62.48	89	89.98
Gross Profit	40.39	11.24	23.84	13.32	52.12	47.41
Selling, General & Admin	26.44	24.17	24.1	22.81	25.65	24.19
Research & Development	10.07	9.05	14.54	12.08	13.91	10.33
Total Operating Expenses	36.51	33.22	38.64	34.89	39.57	34.52
Operating Income	3.88	-21.98	-14.8	-21.57	12.55	12.9
Total Non-Operating Income (Expense)	5.69	0.43	4.15	2.54	8.37	4.71
Pretax Income	9.57	-21.54	-10.66	-19.03	20.93	17.6
Provision for Income Taxes	3.54	1.66	1.13	0.16	2.19	1.09
Net Income	6.03	-23.2	-11.79	-19.19	18.74	16.51
Minority Interest in Earnings	1.98	-1.94	-0.17	-1.31	2.93	1.93
Net Income to Common	4.05	-21.26	-11.62	-17.88	15.81	14.58
Net Income Growth	-	-	-	-	8.48%	350.12%
Shares Outstanding (Basic)	51	44	43	43	42	41
Shares Outstanding (Diluted)	51	44	43	43	43	43
Shares Change	18.15%	1.80%	1.20%	-0.17%	-0.01%	4.13%
EPS (Basic)	0.03	-0.49	-0.27	-0.42	0.37	0.35
EPS (Diluted)	0.02	-0.49	-0.27	-0.42	0.37	0.34
EPS Growth	-	-	-	-	8.82%	385.71%
Free Cash Flow	-	-18.78	-17.88	-7.07	-0.04	-0.03
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Per Share	-	-0.43	-0.41	-0.17	-0.00	-0.00
Gross Margin	32.18%	12.73%	23.99%	17.57%	36.93%	34.51%
Operating Margin	3.09%	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Profit Margin	4.81%	-26.27%	-11.87%	-25.32%	13.28%	12.02%
FCF Margin	-	-21.26%	-18.00%	-9.33%	-0.03%	-0.02%
EBITDA	3.88	-12.87	-5.82	-12.85	12.56	12.9
EBITDA Margin	3.09%	-14.57%	-5.86%	-16.95%	8.90%	9.39%
EBIT	3.88	-21.98	-14.8	-21.57	12.55	12.9
EBIT Margin	3.09%	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Effective Tax Rate	36.96%	-7.70%	-10.64%	-0.84%	10.44%	6.21%

SEC Filings: 10-K · 10-Q