AXT Inc (AXTI) Financial Statements (2026 and earlier)

Company Profile

Business Address 4281 TECHNOLOGY DR.
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,26622,83339,89244,28742,18272,842
Cash and cash equivalent120,26622,83337,75234,94836,76372,602
Short-term investments  2,1409,3395,419240
Other undisclosed cash, cash equivalents, and short-term investments      
Restricted cash and investments8,10010,97812,3626,400  
Receivables26,84925,64019,25629,25234,83924,558
Inventory, net of allowances, customer advances and progress billings81,65185,07786,50389,62965,91251,515
Inventory81,65185,07786,50389,62965,91251,515
Other undisclosed current assets9,69013,74412,64313,97717,25215,603
Total current assets:246,556158,272170,656183,545160,185164,518
Noncurrent Assets
Operating lease, right-of-use asset1,9822,4792,7991,7612,3242,683
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization161,860159,721166,348161,017142,415115,825
Long-term investments and receivables    2,1189,5765,726
Long-term investments    2,1189,5765,726
Other noncurrent assets23,35318,84218,89821,63117,94110,110
Total noncurrent assets:187,195181,042188,045186,527172,256134,344
TOTAL ASSETS:433,751339,314358,701370,072332,441298,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities27,74526,91228,63628,24833,70628,664
Accounts payable12,94712,3569,61710,08416,64912,669
Accrued liabilities14,79814,55619,01918,16417,05715,995
Debt62,79647,26352,92147,07812,22910,411
Other undisclosed current liabilities  1  1,887 
Total current liabilities:90,54174,17681,55775,32647,82239,075
Noncurrent Liabilities
Long-term debt and lease obligation:     1,9352,374
Liabilities, other than long-term debt8,57910,2307,9985,0002,4531,881
Other liabilities7,1388,2535,6473,6782,4531,881
Operating lease, liability1,4411,9772,3511,3221,9352,374
Total noncurrent liabilities:8,57910,2307,9985,0004,3884,255
Total liabilities:99,12084,40689,55580,32652,21043,330
Temporary equity, including noncontrolling interest38,05638,57741,66344,84650,38547,563
Equity
Equity, attributable to parent273,290192,770203,989221,607211,529192,619
Preferred stock3,5323,5323,5323,5323,5323,532
Common stock554544444342
Additional paid in capital339,922241,514238,452235,308231,622230,381
Accumulated other comprehensive income (loss)(5,295)(8,657)(5,999)(3,118)6,3023,209
Accumulated deficit(64,924)(43,664)(32,040)(14,159)(29,970)(44,545)
Equity, attributable to noncontrolling interest23,28523,56123,49423,29318,31715,350
Total equity:296,575216,331227,483244,900229,846207,969
TOTAL LIABILITIES AND EQUITY:433,751339,314358,701370,072332,441298,862

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues88,32699,36175,795141,118137,39395,361
Cost of revenue(77,084)(75,525)(62,477)(88,997)(89,979)(65,086)
Gross profit:11,24223,83613,31852,12147,41430,275
Operating expenses(33,218)(38,639)(34,887)(39,567)(34,517)(26,335)
Operating income (loss):(21,976)(14,803)(21,569)12,55412,8973,940
Nonoperating income9247076522,4162963,021
Investment income, nonoperating (1,340)(1,527)(1,071)(213)(179)
Other nonoperating income9242,0472,1793,4875093,200
Interest and debt expense(1,257)     
Income (loss) from continuing operations before equity method investments, income taxes:(22,309)(14,096)(20,917)14,97013,1936,961
Income from equity method investments7653,4391,8845,9574,409111
Income (loss) from continuing operations before income taxes:(21,544)(10,657)(19,033)20,92717,6027,072
Income tax expense(1,658)(1,134)(160)(2,185)(1,093)(2,031)
Income (loss) from continuing operations:(23,202)(11,791)(19,193)18,74216,5095,041
Income before gain (loss) on sale of properties:✕✕✕✕✕16,5095,041
Net income (loss):(23,202)(11,791)(19,193)18,74216,5095,041
Net income (loss) attributable to noncontrolling interest1,9421671,312(2,931)(1,934)(1,803)
Net income (loss) attributable to parent:(21,260)(11,624)(17,881)15,81114,5753,238
Preferred stock dividends and other adjustments(177)(177)(177)(177)(177)(177)
Net income (loss) available to common stockholders, diluted:(21,437)(11,801)(18,058)15,63414,3983,061

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(23,202)(11,791)(19,193)18,74216,5095,041
Net income attributable to redeemable noncontrolling interest1,233509✕✕✕✕
Other comprehensive income (loss)4,204(3,272)(3,535)(11,232)3,6518,449
Comprehensive income (loss):(18,998)(15,063)(22,728)7,51020,16013,490
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,1007811,965(1,117)(2,492)(2,181)
Comprehensive income (loss), net of tax, attributable to parent:(17,898)(14,282)(20,763)6,39317,66811,309

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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