AXT, Inc. (AXTI)
NASDAQ: AXTI · Real-Time Price · USD
48.20
-6.86 (-12.46%)
At close: Nov 2, 2026, 4:00 PM EST
48.75
+0.55 (1.14%)
Pre-market: Nov 3, 2026, 4:04 AM EST
AXT, Inc. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
| 73.41 | 47.59 | 26.92 | 23.04 | 27.96 | 17.97 | 19.36 | 25.11 | 23.65 | 27.92 | 22.69 | 20.43 | 17.37 | 18.6 | 19.41 | 26.8 | 35.18 | 39.49 | 39.65 | 37.73 | |
Revenue Growth (YoY) | 162.60% | 164.77% | 39.10% | -8.22% | 18.23% | -35.63% | -14.69% | 22.89% | 36.16% | 50.16% | 16.92% | -23.76% | -50.64% | -52.91% | -51.06% | -28.99% | 1.76% | 17.05% | 26.48% | 39.57% |
Cost of Revenue | 32.32 | 26.22 | 18.95 | 18.22 | 21.73 | 16.54 | 20.6 | 20.7 | 17.96 | 20.27 | 16.59 | 15.8 | 15.5 | 16.88 | 14.3 | 18.2 | 20.4 | 24.05 | 26.35 | 25.59 |
Gross Profit | 41.1 | 21.37 | 7.98 | 4.83 | 6.22 | 1.43 | -1.24 | 4.41 | 5.68 | 7.65 | 6.09 | 4.63 | 1.87 | 1.72 | 5.11 | 8.6 | 14.78 | 15.44 | 13.31 | 12.14 |
Selling, General & Admin | 8.72 | 7.29 | 6.55 | 6.27 | 6.33 | 5.65 | 5.92 | 6.44 | 5.65 | 5.78 | 6.23 | 5.37 | 5.67 | 5.82 | 5.95 | 5.94 | 6.58 | 6.69 | 6.45 | 6.35 |
Research & Development | 3.94 | 3.65 | 3.01 | 2.39 | 1.01 | 2.53 | 3.12 | 4.13 | 3.44 | 3.76 | 3.21 | 2.82 | 2.93 | 2.74 | 3.6 | 3.66 | 3.64 | 3.45 | 3.16 | 2.76 |
Operating Expenses | 12.67 | 10.94 | 9.56 | 8.66 | 7.35 | 8.18 | 9.03 | 10.57 | 9.09 | 9.54 | 9.44 | 8.19 | 8.59 | 8.56 | 9.55 | 9.6 | 10.22 | 10.15 | 9.61 | 9.11 |
Operating Income | 28.43 | 10.42 | -1.59 | -3.83 | -1.12 | -6.75 | -10.28 | -6.17 | -3.41 | -1.89 | -3.35 | -3.56 | -6.73 | -6.85 | -4.44 | -1 | 4.57 | 5.29 | 3.7 | 3.03 |
Interest Expense | - | - | - | -0.39 | -0.4 | -0.2 | -0.27 | -0.32 | -0.39 | -0.28 | -0.35 | -0.38 | -0.38 | -0.37 | -0.4 | -0.4 | -0.3 | -0.19 | -0.18 | -0.16 |
Interest & Investment Income | 5.9 | 4.73 | 0.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Earnings From Equity Investments | 0.24 | 0.42 | 0.35 | 0.17 | 0.52 | -0.17 | 0.25 | 0.94 | 1.01 | 0.6 | 0.89 | -0.46 | 0.37 | 0.94 | 1.03 | 0.65 | 2.01 | 2.18 | 1.13 | 0.74 |
Currency Exchange Gain (Loss) | - | -0.22 | -0.17 | -0.12 | -0.04 | 0.05 | 0.04 | -0.01 | 0.8 | 0.04 | - | 0.23 | 0.15 | 0.01 | -0.21 | 1.03 | 0.54 | 0.23 | -0.23 | -0.25 |
Other Non Operating Income (Expenses) | -0.24 | -0.22 | 0.25 | 0.83 | -0.13 | -0.02 | 0.31 | 0.01 | -0.27 | 0.45 | 1.03 | 0.67 | 0.08 | 0.77 | 0.5 | 1.27 | 0.42 | 0.06 | 0.22 | 0.93 |
EBT Excluding Unusual Items | 34.32 | 15.13 | -1.06 | -3.34 | -1.17 | -7.1 | -9.94 | -5.54 | -2.26 | -1.08 | -1.77 | -3.51 | -6.52 | -5.49 | -3.52 | 1.55 | 7.23 | 7.57 | 4.63 | 4.29 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.06 | - | - | - | -0.07 |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1 |
Pretax Income | 34.32 | 15.13 | -1.06 | -3.34 | -1.17 | -7.1 | -9.94 | -5.54 | -2.26 | -1.08 | -1.77 | -3.51 | -6.52 | -5.49 | -3.52 | 1.49 | 7.23 | 7.57 | 4.63 | 3.22 |
Income Tax Expense | 4.57 | 2.1 | 0.43 | 0.5 | 0.5 | 0.58 | 0.07 | 0.11 | 0.63 | 0.12 | 0.27 | 0.25 | -0.1 | -0.14 | 0.15 | -0 | 0.5 | 1.03 | 0.66 | -0.41 |
Earnings From Continuing Operations | 29.75 | 13.03 | -1.49 | -3.84 | -1.67 | -7.67 | -10.02 | -5.66 | -2.89 | -1.2 | -2.05 | -3.76 | -6.42 | -5.35 | -3.67 | 1.5 | 6.73 | 6.55 | 3.97 | 3.63 |
Minority Interest in Earnings | -4.03 | -1.9 | -0.14 | 0.29 | -0.23 | 0.67 | 1.22 | 0.57 | -0.05 | -0.32 | -0.04 | 0.14 | 0.59 | 0.26 | 0.32 | -0.15 | -0.97 | -1 | -0.81 | -0.67 |
Net Income | 25.72 | 11.13 | -1.62 | -3.55 | -1.91 | -7.01 | -8.8 | -5.09 | -2.94 | -1.52 | -2.08 | -3.62 | -5.82 | -5.09 | -3.35 | 1.34 | 5.76 | 5.55 | 3.17 | 2.97 |
Preferred Dividends & Other Adjustments | - | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 |
Net Income to Common | 25.72 | 11.08 | -1.66 | -3.59 | -1.95 | -7.05 | -8.84 | -5.13 | -2.98 | -1.56 | -2.13 | -3.67 | -5.87 | -5.13 | -3.39 | 1.3 | 5.72 | 5.5 | 3.12 | 2.92 |
Net Income Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -55.62% | 52.16% | 26.75% | -7.69% | 44.63% |
Shares Outstanding (Basic) | 64 | 61 | 53 | 45 | 44 | 44 | 44 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 42 | 42 | 42 | 42 | 42 | 42 |
Shares Outstanding (Diluted) | 66 | 63 | 53 | 45 | 44 | 44 | 44 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 42 | 43 | 43 | 43 | 43 | 43 |
Shares Change (YoY) | 50.23% | 45.22% | 22.42% | 3.08% | 1.59% | 1.43% | 1.32% | 1.24% | 1.22% | 1.19% | 1.15% | 0.34% | -0.80% | 0.18% | -0.38% | -0.10% | 0.71% | -0.51% | -0.15% | 1.68% |
EPS (Basic) | 0.40 | 0.18 | -0.03 | -0.08 | -0.04 | -0.16 | -0.20 | -0.12 | -0.07 | -0.04 | -0.05 | -0.09 | -0.14 | -0.12 | -0.08 | 0.03 | 0.14 | 0.13 | 0.07 | 0.07 |
EPS (Diluted) | 0.39 | 0.17 | -0.03 | -0.08 | -0.04 | -0.16 | -0.20 | -0.12 | -0.07 | -0.04 | -0.05 | -0.09 | -0.14 | -0.12 | -0.08 | 0.03 | 0.13 | 0.13 | 0.07 | 0.07 |
EPS Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -57.12% | 44.44% | 30.00% | -12.50% | 78.06% |
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 '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | - | 3.56 | -13.06 | 1.26 | -11.33 | -4.86 | -3.86 | 1.1 | -6.36 | 0.57 | -13.2 | 2.13 | -5.18 | 1.12 | -5.15 | 0.84 | -22.75 | -0.12 | -15.2 | -3.12 |
Free Cash Flow Per Share | - | 0.06 | -0.24 | 0.03 | -0.26 | -0.11 | -0.09 | 0.03 | -0.15 | 0.01 | -0.31 | 0.05 | -0.12 | 0.03 | -0.12 | 0.02 | -0.53 | -0.00 | -0.36 | -0.07 |
Gross Margin | 55.98% | 44.90% | 29.63% | 20.95% | 22.26% | 7.97% | -6.41% | 17.56% | 24.03% | 27.40% | 26.86% | 22.65% | 10.75% | 9.22% | 26.33% | 32.08% | 42.02% | 39.09% | 33.56% | 32.17% |
Operating Margin | 38.72% | 21.90% | -5.89% | -16.64% | -4.02% | -37.53% | -53.08% | -24.56% | -14.41% | -6.75% | -14.75% | -17.43% | -38.74% | -36.81% | -22.86% | -3.74% | 12.98% | 13.39% | 9.33% | 8.04% |
Profit Margin | 35.04% | 23.29% | -6.18% | -15.59% | -6.98% | -39.23% | -45.68% | -20.45% | -12.61% | -5.59% | -9.38% | -17.95% | -33.78% | -27.60% | -17.48% | 4.84% | 16.24% | 13.93% | 7.87% | 7.74% |
Free Cash Flow Margin | - | 7.48% | -48.49% | 5.46% | -40.52% | -27.01% | -19.92% | 4.39% | -26.90% | 2.05% | -58.17% | 10.44% | -29.82% | 6.04% | -26.54% | 3.12% | -64.66% | -0.30% | -38.33% | -8.26% |
EBITDA | 30.93 | 12.93 | 0.85 | -1.51 | 1.18 | -4.49 | -8.05 | -3.92 | -1.11 | 0.36 | -1.16 | -1.26 | -4.55 | -4.72 | -2.32 | 1.07 | 6.62 | 7.3 | 5.68 | 5.03 |
EBITDA Margin | 42.14% | 27.17% | 3.16% | -6.57% | 4.23% | -24.95% | -41.60% | -15.62% | -4.69% | 1.30% | -5.09% | -6.18% | -26.18% | -25.38% | -11.95% | 3.99% | 18.82% | 18.49% | 14.33% | 13.32% |
D&A For EBITDA | 2.51 | 2.51 | 2.44 | 2.32 | 2.31 | 2.26 | 2.22 | 2.24 | 2.3 | 2.25 | 2.19 | 2.3 | 2.18 | 2.13 | 2.12 | 2.07 | 2.06 | 2.01 | 1.98 | 1.99 |
EBIT | 28.43 | 10.42 | -1.59 | -3.83 | -1.12 | -6.75 | -10.28 | -6.17 | -3.41 | -1.89 | -3.35 | -3.56 | -6.73 | -6.85 | -4.44 | -1 | 4.57 | 5.29 | 3.7 | 3.03 |
EBIT Margin | 38.72% | 21.90% | -5.89% | -16.63% | -4.02% | -37.53% | -53.08% | -24.56% | -14.41% | -6.75% | -14.75% | -17.43% | -38.74% | -36.81% | -22.86% | -3.74% | 12.98% | 13.39% | 9.33% | 8.04% |
Effective Tax Rate | 13.32% | 13.89% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.93% | 13.56% | 14.25% | - |