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	Mar '26 Mar 31, 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	95.89	88.33	99.36	75.8	141.12	137.39
Revenue Growth (YoY)	-0.14%	-11.11%	31.09%	-46.29%	2.71%	44.08%
Cost of Revenue	75.43	77.08	75.53	62.48	89	89.98
Gross Profit	20.46	11.24	23.84	13.32	52.12	47.41
Selling, General & Admin	24.8	24.17	24.1	22.81	25.65	24.19
Research & Development	8.94	9.05	14.54	12.08	13.91	10.33
Total Operating Expenses	33.75	33.22	38.64	34.89	39.57	34.52
Operating Income	-13.29	-21.98	-14.8	-21.57	12.55	12.9
Total Non-Operating Income (Expense)	0.63	0.43	4.15	2.54	8.37	4.71
Pretax Income	-12.66	-21.54	-10.66	-19.03	20.93	17.6
Provision for Income Taxes	2.01	1.66	1.13	0.16	2.19	1.09
Net Income	-14.08	-21.26	-11.62	-17.88	15.81	14.58
Minority Interest in Earnings	0.59	1.94	0.17	1.31	-2.93	-1.93
Net Income to Common	-14.08	-21.26	-11.62	-17.88	15.81	14.58
Net Income Growth	-	-	-	-	8.48%	350.12%
Shares Outstanding (Basic)	46	44	43	43	42	41
Shares Outstanding (Diluted)	46	44	43	43	43	43
Shares Change (YoY)	7.16%	1.80%	1.20%	-0.17%	-0.01%	4.13%
EPS (Basic)	-0.31	-0.49	-0.27	-0.42	0.37	0.35
EPS (Diluted)	-0.31	-0.49	-0.27	-0.42	0.37	0.34
EPS Growth	-	-	-	-	8.82%	385.71%
Shares Outstanding	55.57	55.34	45.36	44.24	43.55	42.89
Free Cash Flow	-	-18.78	-17.88	-7.07	-0.04	-0.03
Free Cash Flow Per Share	-	-0.43	-0.41	-0.17	-0.00	-0.00
Gross Margin	21.34%	12.73%	23.99%	17.57%	36.93%	34.51%
Operating Margin	-13.85%	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Profit Margin	-15.30%	-26.27%	-11.87%	-25.32%	13.28%	12.02%
FCF Margin	-	-21.26%	-18.00%	-9.33%	-0.03%	-0.02%
EBITDA	-13.29	-12.87	-5.82	-12.85	12.56	12.9
EBITDA Margin	-13.85%	-14.57%	-5.86%	-16.95%	8.90%	9.39%
EBIT	-13.29	-21.98	-14.8	-21.57	12.55	12.9
EBIT Margin	-13.85%	-24.88%	-14.90%	-28.46%	8.90%	9.39%
Effective Tax Rate	-15.91%	-7.70%	-10.64%	-0.84%	10.44%	6.21%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q