AXT, Inc. (AXTI) — Financial statements
Income statement, balance sheet, and cash flow for AXT, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 88↓11.1% | 99↑31.1% | 76↓46.3% | 141↑2.7% | 137 | |
| Cost of Revenue | 77↑2.1% | 76↑20.9% | 62↓29.8% | 89↓1.1% | 90 | |
| Gross Profit | 11↓52.8% | 24↑79.0% | 13↓74.4% | 52↑9.9% | 47 | |
| Operating Expenses | ||||||
| R&D Expenses | 9↓37.8% | 15↑20.4% | 12↓13.2% | 14↑34.7% | 10 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 24↑0.3% | 24↑5.7% | 23↓11.1% | 26↑6.1% | 24 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 33↓14.0% | 39↑10.8% | 35↓11.8% | 40↑14.6% | 35 | |
| Total Costs & Expenses | 110↓3.4% | 114↑17.3% | 97↓24.3% | 129↑3.3% | 124 | |
| Operating Results | ||||||
| Operating Income | -22↓48.5% | -15↑31.4% | -22↓271.8% | 13↓2.7% | 13 | |
| Depreciation & Amortization | 9↑1.4% | 9↑2.9% | 9↑7.4% | 8↑14.7% | 7 | |
| EBITDA | -13↓3707.1% | -0.34↑96.2% | -9↓129.2% | 30↑20.0% | 25 | |
| EBIT | -22↓135.9% | -9↑46.8% | -18↓179.6% | 22↑22.0% | 18 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1↑6.2% | -1↑12.2% | -2↓42.6% | -1↓402.8% | -0.21 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 1↓6.2% | 1↓12.2% | 2↑42.6% | 1↑402.8% | 0.21 | |
| Non-Operating Income | 0.00↑100.0% | -5↓35.0% | -4↑57.0% | -9↓84.2% | -5 | |
| Other Income / Expenses | 0.43↓89.6% | 4↑63.5% | 3↓69.7% | 8↑78.0% | 5 | |
| Income Before Tax | -22↓102.2% | -11↑44.0% | -19↓190.9% | 21↑18.9% | 18 | |
| Income Tax Expense | 2↑46.2% | 1↑608.8% | 0.16↓92.7% | 2↑99.9% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -23↓96.8% | -12↑38.6% | -19↓202.4% | 19↑13.5% | 17 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -21↓82.9% | -12↑35.0% | -18↓213.1% | 16↑8.5% | 15 | |
| Bottom-Line Net Income | -21↓81.7% | -12↑34.6% | -18↓215.5% | 16↑8.6% | 14 | |
| EPS (Basic) | -0.49↓81.5% | -0.27↑35.7% | -0.42↓213.5% | 0.37↑5.7% | 0.35 | |
| EPS (Diluted) | -0.49↓81.5% | -0.27↑35.7% | -0.42↓213.5% | 0.37↑8.8% | 0.34 | |
| Weighted Average Shares | 44↑1.8% | 43↑1.2% | 43↑1.3% | 42↑1.8% | 41 | |
| Weighted Average Diluted Shares | 44↑1.8% | 43↑1.2% | 43↓0.2% | 43↓0.0% | 43 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.