AXTI: financial statements from SEC — TradeAlmanac

AXTI

AXT Inc: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	88m	99m
Cost of revenue	77m	76m
Gross profit	11m	24m
Research and development	9m	15m
Selling, general and administrative	24m	24m
Operating expenses	33m	39m
Operating income	−22m	−15m
Pre-tax income	−22m	−11m
Income tax	2m	1m
Net income	−21m	−12m
Earnings per share	−0.49	−0.27
Earnings per share, diluted	−0.49	−0.27
Weighted average shares	44m	43m
Weighted average shares, diluted	44m	43m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	42m	120m	23m	27m	32m	23m	25m	28m
Short-term investments	65m	0

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−13m	−12m
Depreciation and amortisation	9m	9m
Share-based compensation	3m	3m
Capital expenditure	6m	6m
Investing cash flow	−7m	−4m
Financing cash flow	107m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)