FY2025 · ended Dec 31, 2025 · Revenue $88.33M, -11.1% YoY · Filed Mar 17, 2026
Axt Inc (AXTI) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $88.3 million and a net loss of $21.3 million. Free cash flow was -$18.8 million. As of Jun 30, 2026 it held $715.8 million in cash and investments and $86.0 million in total debt.
Revenue (TTM)
$125.51M
+45.8% vs year-ago TTM
Net income (TTM)
$4.05M
+117.0% vs year-ago TTM
Operating cash flow (TTM)
$-5.76M
+52.3% vs year-ago TTM
Free cash flow (TTM)
$-19.57M
-40.1% vs year-ago TTM
EPS (TTM)
$0.07
+113.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
55.57M
+21.9% vs prior year
Net cash
$629.80M
as of Jun 30, 2026
Operating margin
3.1%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- AXTI (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Fremont, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1051627
- Former names
- AMERICAN XTAL TECHNOLOGY (until Jun 8, 2000)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $88.3M | $99.4M | $75.8M | $141.1M | $137.4M |
| Operating income | -$22.0M | -$14.8M | -$21.6M | $12.6M | $12.9M |
| Net income | -$21.3M | -$11.6M | -$17.9M | $15.8M | $14.6M |
| Diluted EPS | -$0.49 | -$0.27 | -$0.42 | $0.37 | $0.34 |
| Operating cash flow | -$12.8M | -$12.1M | $3.4M | -$8.8M | -$3.3M |
| Free cash flow | -$18.8M | -$17.9M | -$7.1M | -$37.2M | -$33.0M |
| Total assets | $433.8M | $339.3M | $358.7M | $370.1M | $332.4M |
| Total liabilities | $99.1M | $84.4M | $89.6M | $80.3M | $52.2M |
| Stockholders' equity | $273.3M | $192.8M | $204.0M | $221.6M | $211.5M |
| Cash and investments | $120.3M | $22.8M | $39.9M | $46.4M | $51.8M |
| Total debt | $64.9M | $49.8M | $55.7M | $48.9M | $2.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Material agreement
|
Jul 29, 2026 | Jul 26, 2026 |
| 8-K |
Current report
Change to shareholder rights, Bylaw or fiscal year change
|
Jul 29, 2026 | Jul 26, 2026 |
Source: SEC EDGAR filings. This is company-reported data, not investment advice.