AXTI · XBRL financial data

Axt financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (AXTI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	95,361	137,393	141,118	75,795	99,361	—
Revenue from contracts with customers	95,361	137,393	141,118	75,795	99,361	88,326
Cost of revenue	65,086	89,979	88,997	62,477	75,525	77,084
Gross profit	30,275	47,414	52,121	13,318	23,836	11,242
Research and development	7,135	10,328	13,913	12,081	14,543	9,049
Selling, general and administrative	19,200	24,189	25,654	22,806	24,096	24,169
Total operating expenses	26,335	34,517	39,567	34,887	38,639	33,218
Operating income (loss)	3,940	12,897	12,554	(21,569)	(14,803)	(21,976)
Interest expense	—	—	—	1,527	1,340	1,257
Other income (expense)	3,200	509	3,487	2,179	2,047	924
Income tax expense (benefit)	2,031	1,093	2,185	160	1,134	1,658
Net income (loss)	3,238	14,575	15,811	(17,881)	(11,624)	(21,260)
Earnings per share, basic USD per share	0.08	0.35	0.37	(0.42)	(0.27)	(0.49)
Earnings per share, diluted USD per share	0.07	0.34	0.37	(0.42)	(0.27)	(0.49)
Weighted average shares, basic thousands of shares	40,152	41,367	42,104	42,643	43,154	43,933
Weighted average shares, diluted thousands of shares	41,025	42,720	42,715	42,643	43,154	43,933

Fiscal years (AXTI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	72,602	36,763	34,948	37,752	22,833	120,266
Short-term investments	240	5,419	9,339	2,140	—	0
Accounts receivable	24,558	34,839	29,252	19,256	25,640	26,849
Inventory	51,515	65,912	89,629	86,503	85,077	81,651
Prepaid and other current assets	15,603	17,252	13,977	12,643	13,744	9,690
Total current assets	164,518	160,185	183,545	170,656	158,272	246,556
Property and equipment, net	115,825	142,415	161,017	166,348	159,721	161,860
Right-of-use asset	2,683	2,324	1,761	2,799	2,479	1,982
Total assets	298,862	332,441	370,072	358,701	339,314	433,751
Accounts payable	12,669	16,649	10,084	9,617	12,356	12,947
Accrued liabilities	15,995	17,057	18,164	19,019	14,556	14,798
Current portion of long-term debt	—	—	—	—	1,300	4,300
Total current liabilities	39,075	47,822	75,326	81,557	74,176	90,541
Lease liability, non-current	2,374	1,935	1,322	2,351	1,977	1,441
Total liabilities	43,330	52,210	80,326	89,555	84,406	99,120
Accumulated deficit	(44,545)	(29,970)	(14,159)	(32,040)	(43,664)	(64,924)
Total stockholders' equity	192,619	211,529	221,607	203,989	192,770	273,290
Total liabilities and equity	298,862	332,441	370,072	358,701	339,314	433,751
Common shares outstanding (cover page) thousands of shares	42,087	42,960	43,569	44,248	45,598	55,574

Fiscal years (AXTI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	3,238	14,575	15,811	(17,881)	(11,624)	(21,260)
Stock-based compensation	2,623	4,519	4,006	3,540	3,097	3,292
Depreciation and amortization	4,333	7,078	8,119	8,722	8,979	9,108
Net cash from operating activities	5,865	(3,305)	(8,765)	3,403	(12,112)	(12,783)
Purchases of property and equipment	19,855	29,645	28,465	10,475	5,771	5,995
Net cash from investing activities	(16,422)	(38,810)	(25,223)	(2,604)	(4,445)	(6,832)
Proceeds from long-term debt	—	—	—	635	5,831	3,463
Repayments of long-term debt	—	—	—	0	804	1,513
Net cash from financing activities	52,662	5,725	38,031	8,613	(536)	107,095
Net change in cash	45,710	(35,839)	4,585	8,766	(16,303)	94,555

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Axt	412,167	47,589	10,784*	65.6M	—	Q2 FY26 10-QJun 30, 2026
QUICKLOGIC	18,475	5,482	1,469*	18.3M	—	Q2 FY26 10-QJun 28, 2026
GSI Technology	77,045	6,312	(3,858)	38.4M	20.0 quarters	Q1 FY27 10-QJun 30, 2026
GCT Semiconductor Holding	30,228	971	(16,556)*	92.0M	1.8 quarters	Q2 FY26 10-QJun 30, 2026
Ambiq Micro	366,774	33,901	(9,505)*	24.2M	38.6 quarters	Q2 FY26 10-QJun 30, 2026
M-tron Industries	96,245	15,109	3,704*	4.3M	—	Q2 FY26 10-QJun 30, 2026
Everspin Technologies	43,896	18,736	159*	24.4M	—	Q2 FY26 10-QJun 30, 2026
Magnachip Semiconductor	87,936	44,704	(4.5)*	36.5M	19532.7 quarters	Q2 FY26 10-QJun 30, 2026
T1 Energy	79,109	250,128	(30,105)*	294.5M	2.6 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.