AXTI
AXT Inc
NASDAQ: AXTI · TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
$71.07
+3.43% today
Updated 2026-04-29
Market cap
$4.88B
P/E ratio
—
P/S ratio
55.30x
EPS (TTM)
$-0.49
Dividend yield
—
52W range
$1 – $90
Volume
12.0M
AXT Inc (AXTI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.45M | $58.20M | $73.08M | $55.36M | $95.49M | $104.12M | $88.37M | $85.33M | $83.50M | $77.50M | $81.35M | $98.67M | $102.40M | $83.26M | $95.36M | $137.39M | $141.12M | $75.80M | $99.36M | $88.33M |
| Revenue growth (YoY) | — | +31.0% | +25.6% | -24.2% | +72.5% | +9.0% | -15.1% | -3.4% | -2.2% | -7.2% | +5.0% | +21.3% | +3.8% | -18.7% | +14.5% | +44.1% | +2.7% | -46.3% | +31.1% | -11.1% |
| Cost of revenue | $31.71M | $37.94M | $55.12M | $41.49M | $59.00M | $59.34M | $63.52M | $73.51M | $66.33M | $60.67M | $54.97M | $64.20M | $65.35M | $58.43M | $65.09M | $89.98M | $89.00M | $62.48M | $75.53M | $77.08M |
| Gross profit | $12.74M | $20.26M | $17.96M | $13.87M | $36.49M | $44.78M | $24.85M | $11.83M | $17.17M | $16.83M | $26.38M | $34.48M | $37.05M | $24.82M | $30.27M | $47.41M | $52.12M | $13.32M | $23.84M | $11.24M |
| Gross margin | 28.7% | 34.8% | 24.6% | 25.1% | 38.2% | 43.0% | 28.1% | 13.9% | 20.6% | 21.7% | 32.4% | 34.9% | 36.2% | 29.8% | 31.7% | 34.5% | 36.9% | 17.6% | 24.0% | 12.7% |
| R&D | $2.35M | $1.70M | $2.16M | $1.57M | $2.34M | $2.47M | $3.47M | $3.42M | $4.14M | $5.66M | $5.85M | $4.83M | $5.90M | $5.83M | $7.13M | $10.33M | $13.91M | $12.08M | $14.54M | $9.05M |
| SG&A | $12.65M | $13.75M | $15.75M | $13.39M | $13.97M | $14.84M | $15.42M | $16.07M | $14.96M | $16.06M | $13.88M | $17.01M | $19.00M | $19.30M | $19.20M | $24.19M | $25.65M | $23.37M | $24.10M | $24.17M |
| Operating income | $-3.68M | $5.30M | $-38000.00 | $-1.60M | $20.18M | $27.47M | $5.96M | $-7.66M | $-2.85M | $-4.90M | $6.42M | $12.64M | $12.15M | $-314000.00 | $3.94M | $12.90M | $12.55M | $-21.57M | $-14.80M | $-21.98M |
| Operating margin | -8.3% | 9.1% | -0.1% | -2.9% | 21.1% | 26.4% | 6.7% | -9.0% | -3.4% | -6.3% | 7.9% | 12.8% | 11.9% | -0.4% | 4.1% | 9.4% | 8.9% | -28.5% | -14.9% | -24.9% |
| EBITDA | $-3.68M | $9.39M | $3.96M | $2.02M | $23.10M | $30.88M | $9.89M | $-2.19M | $3.69M | $595000.00 | $11.52M | $17.06M | $17.02M | $5.22M | $11.63M | $25.10M | $30.12M | $-8.78M | $-338000.00 | $-20.29M |
| EBITDA margin | -8.3% | 16.1% | 5.4% | 3.7% | 24.2% | 29.7% | 11.2% | -2.6% | 4.4% | 0.8% | 14.2% | 17.3% | 16.6% | 6.3% | 12.2% | 18.3% | 21.3% | -11.6% | -0.3% | -23.0% |
| EBIT | $-6.23M | $7.97M | $1.76M | $-1.03M | $20.18M | $27.47M | $5.96M | $-7.66M | $-1.95M | $-4.90M | $6.65M | $12.64M | $12.15M | $-314000.00 | $7.29M | $18.02M | $22.00M | $-17.51M | $-9.32M | — |
| Interest expense | $0.00 | $0.00 | $513000.00 | $177000.00 | $53000.00 | $449000.00 | $518000.00 | $408000.00 | $483000.00 | $412000.00 | $409000.00 | $461000.00 | $528000.00 | $3.81M | $179000.00 | $213000.00 | $1.07M | $1.53M | $1.34M | $1.26M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $944000.00 | $5.29M | $-689000.00 | $-1.90M | $18.65M | $20.32M | $3.11M | $-7.96M | $-1.39M | $-2.23M | $5.64M | $10.15M | $9.65M | $-1.59M | $3.24M | $14.57M | $15.81M | $-17.88M | $-11.62M | $-21.26M |
| Net income growth (YoY) | — | +460.3% | -113.0% | -175.5% | +1082.8% | +8.9% | -84.7% | -355.9% | +82.6% | -60.5% | +353.0% | +80.1% | -4.9% | -116.4% | +303.9% | +350.1% | +8.5% | -213.1% | +35.0% | -82.9% |
| Profit margin | 2.1% | 9.1% | -0.9% | -3.4% | 19.5% | 19.5% | 3.5% | -9.3% | -1.7% | -2.9% | 6.9% | 10.3% | 9.4% | -1.9% | 3.4% | 10.6% | 11.2% | -23.6% | -11.7% | -24.1% |