Axt Inc
AXTI Nasdaq· Semiconductors & Related Devices
Last close · Oct 23, 2026
$52.08
KIRA · Stoqly’s AI analyst, in plain words
- Axt Inc had $88.3M of revenue in fiscal 2025, down 11.1% on the year before. Over five years, revenue changed −1.5% a year on average.
- Its operating margin was −24.9%, down 10.0 pts: of every 100 in sales, about −25 is left after running the business.
- Axt Inc lost $21.3M in fiscal 2025.
- Free cash flow was −$18.8M in fiscal 2025, −21.3% of revenue.
- Axt Inc has $57.4M more cash than debt.
Market cap
$3.3B
P/E
—
Revenue
$88.3M
Net income
−$21.3M
Free cash flow
−$18.8M
Operating margin
−24.9%
Axt Inc in 30 seconds · fiscal 2025
Are sales growing?
−11.1%
No. Sales fell 11.1% last year.
Does it make a profit?
−24.1%
No. It lost money last year.
Does profit turn into cash?
−21.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
What Axt Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 17, 2026
- Legal name
- AXT INC
- CIK
- 0001051627
Axt Inc · AXTI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $137M | $141M | $75.8M | $99.4M | $88.3M |
| Revenue growth | 44.1% | 2.7% | −46.3% | 31.1% | −11.1% |
| Gross margin | 34.5% | 36.9% | 17.6% | 24.0% | 12.7% |
| Operating margin | 9.4% | 8.9% | −28.5% | −14.9% | −24.9% |
| Net income | $14.6M | $15.8M | −$17.9M | −$11.6M | −$21.3M |
| Net margin | 10.6% | 11.2% | −23.6% | −11.7% | −24.1% |
| Diluted EPS | $0.34 | $0.37 | −$0.42 | −$0.27 | −$0.49 |
| Cash | |||||
| Cash from operations | −$3.3M | −$8.8M | $3.4M | −$12.1M | −$12.8M |
| Capital expenditure | $29.6M | $28.5M | $10.5M | $5.8M | $6.0M |
| Free cash flow | −$33.0M | −$37.2M | −$7.1M | −$17.9M | −$18.8M |
| FCF margin | −24.0% | −26.4% | −9.3% | −18.0% | −21.3% |
| Share count change | 4.1% | −0.0% | −0.2% | 1.2% | 1.8% |
| Debt and strength | |||||
| Cash and short-term investments | $42.2M | $44.3M | $39.9M | $22.8M | $120M |
| Debt incl. finance leases | $12.2M | $47.1M | $52.9M | $47.3M | $62.9M |
| Shareholders' equity | $212M | $222M | $204M | $193M | $273M |
| Net debt / EBITDA | −1.5x | 0.1x | — | — | — |
| Current ratio | 3.3x | 2.4x | 2.1x | 2.1x | 2.7x |
| Interest coverage | — | — | −14.1x | −11.0x | −17.5x |
| Returns and quality | |||||
| Return on capital | 6.7% | 5.0% | −7.9% | −5.4% | −8.0% |
| Return on equity | 7.2% | 7.3% | −8.4% | −5.9% | −9.1% |
| Return on tangible equity | 6.8% | 7.1% | −8.9% | −6.1% | −7.8% |
| Piotroski F-score | 4 | 3 | 3 | 5 | 2 |
| Altman Z'' | 6.4 | 4.9 | 3.3 | 3.3 | 4.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$78.8M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Axt Inc · AXTI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $52.08 a share, the company is worth $3.3B.
Source: SEC EDGAR XBRL filings (CIK 0001051627). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.