AXT INC

AXTI

AXT INC

AXTI

Insider Sentiment (TTM):

Last Purchase:2025-02-25Last Sale:2026-06-15Shares Purchased (TTM):0Shares Sold (TTM):1,561,361

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:31,321,900Shares Outstanding:53,319,000Institutional Ownership Pct.:58.74%

Earnings Market Reaction:

Filing Date:2026-05-14Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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AXT INC (AXTI) — SEC Financial Statements & Analysis

AXT INC (AXTI) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Series A Preferred Stock	-	-	-	-	-	-	-	-	-	1	-	-
Cash And Cash Equivalents At Carrying Value	42	120	23	27	32	23	25	28	26	38	29	30
Restricted Cash Current	16	8	8	8	7	11	14	14	14	12	11	11
Short Term Investments	65	-	-	-	-	-	-	2	2	2	4	7
Accounts Receivable Net Current	32	27	34	23	23	26	28	27	25	19	19	20
Inventory Net	90	82	78	80	80	85	86	86	86	87	86	87
Prepaid Expense And Other Assets Current	8	10	7	7	8	14	15	11	11	13	11	11
Assets Current	254	247	150	145	150	158	168	167	164	171	160	165
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	2
Property Plant And Equipment Net	165	162	159	160	159	160	166	161	163	166	159	159
Operating Lease Right Of Use Asset	2	2	2	2	2	2	2	3	3	3	3	1
Other Assets Noncurrent	24	23	23	22	23	19	19	18	19	19	20	19
Assets	445	434	334	329	333	339	356	349	349	359	342	346
Liabilities Current
Accounts Payable Current	16	13	11	11	11	12	13	12	10	10	6	5
Accrued Liabilities Current	13	15	13	12	12	15	12	12	13	19	16	17
Lines Of Credit Current	-	-	-	-	-	-	-	-	-	53	46	46
Liabilities And Stockhold…
Debt Current	69	63	62	56	-	47	-	-	-	-	-	-
Liabilities Current	98	91	85	80	75	74	79	75	72	82	68	67
Operating Lease Liability Noncurrent	1	1	2	2	2	2	2	2	2	2	2	1
Other Liabilities Noncurrent	8	7	7	7	10	8	9	10	10	6	4	3
Liabilities	108	99	94	88	87	84	89	86	84	90	74	72
Redeemable Noncontrolling Interest Equity Carrying…	39	38	38	38	38	39	41	40	41	42	41	41
Stockholders Equity
Preferred Stock Value	4	4	4	4	4	4	4	4	4	4	4	4
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	342	340	244	243	242	242	241	240	239	238	238	237
Retained Earnings Accumulated Deficit	-67	-65	-61	-59	-52	-44	-39	-36	-34	-32	-28	-23
Accumulated Other Comprehensive Income Loss Net Of…	-5	-5	-7	-7	-8	-9	-5	-8	-8	-6	-9	-8
Stockholders Equity	298	297	179	203	185	193	201	200	201	204	227	233
Minority Interest	24	23	23	23	23	24	24	24	23	23	23	23
Liabilities And Stockholders Equity	445	434	334	329	333	339	356	349	349	359	342	346
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	1	1	0	0
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	2	2	2	2	2	2	2	2	2	2	2	2
Preferred Stock Shares Issued	1	1	1	1	1	1	1	1	1	1	1	1
Preferred Stock Shares Outstanding	1	1	1	1	1	1	1	1	1	1	1	1
Preferred Stock Liquidation Preference Value	8	8	8	8	8	8	8	8	8	8	8	8
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	70	70	70	70	70	70	70	70	70	70	70	70
Stockholders Equity Inclu…
Common Stock Shares Issued	56	55	46	46	46	45	45	44	44	44	44	44
Shares Outstanding	56	55	46	46	46	45	45	44	44	44	44	44

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-22.56%	-50.76%	-	-	-	-	-	-	-	-	-	-
2025	23.61%	48.61%	33.33%	42.66%	135.32%	264.68%	10.92%	60.54%	77.59%	44.68%	162.31%	100.72%
2024	5.54%	-6.37%	-9.97%	9.05%	4.94%	11.93%	9.50%	13.50%	4.50%	-31.11%	-22.78%	-16.11%
2023	-	-	-	2.33%	-6.98%	-19.77%	-2.42%	15.94%	24.64%	-36.14%	-24.85%	-21.77%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	2.59	2.72	1.76	1.82	1.99	2.13	2.13	2.24	2.27	2.09	2.37	2.46
Quick Ratio	1.59	1.71	0.77	0.73	0.81	0.80	0.85	0.94	0.92	0.88	0.92	1.01
Working Capital	155.90M	156.02M	64.86M	65.42M	74.28M	84.10M	89.09M	92.75M	91.74M	89.10M	92.65M	98.21M
Leverage & Debt
Debt to Equity	0.36	0.33	0.52	0.44	0.47	0.39	0.45	0.43	0.42	0.39	0.33	0.31
Interest Coverage TTM	-10.57	-17.48	-19.23	-21.10	-16.22	-11.05	-18.12	-55.03	-	-	-	-
Debt Ratio	0.24	0.23	0.28	0.27	0.26	0.25	0.25	0.25	0.24	0.25	0.22	0.21
Efficiency & Turnover
Asset Turnover TTM	0.25	0.23	0.33	0.32	0.35	0.35	0.27	0.25	0.22	0.21	0.23	0.28
Days Sales Outstanding TTM	104.44	108.45	99.75	83.82	73.67	67.13	90.31	97.07	107.09	116.80	126.64	106.98
Receivables Turnover TTM	3.49	3.37	3.66	4.35	4.95	5.44	4.04	3.76	3.41	3.13	2.88	3.41
Per Share Metrics
Diluted EPS TTM	-0.26	-0.48	-0.52	-0.55	-0.42	-0.27	-0.24	-0.32	-0.41	-0.45	-0.30	0.00
Free Cash Flow Per Share TTM	-0.52	-0.43	-0.43	-0.32	-0.20	-0.41	-0.42	-0.40	-0.38	-0.20	-0.21	-0.62
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	21.34%	12.73%	9.57%	9.45%	13.90%	19.53%	25.41%	22.89%	18.09%	17.57%	21.04%	30.21%
Operating Profit Margin TTM	-13.85%	-24.88%	-21.50%	-24.45%	-18.30%	-12.13%	-12.88%	-17.55%	-25.90%	-28.46%	-23.14%	-7.72%
Net Profit Margin TTM	-14.54%	-24.07%	-19.99%	-21.94%	-15.48%	-9.52%	-10.84%	-15.54%	-22.22%	-25.32%	-15.75%	0.21%
Growth Metrics
Net Revenue Growth (1Y)	-19.22%	-27.63%	19.43%	23.03%	50.13%	61.03%	15.24%	-11.57%	-34.58%	-46.29%	-45.97%	-33.99%
Net Income Growth (1Y)	-24.09%	82.90%	120.29%	73.72%	4.55%	-39.44%	-20.71%	-6,801.46%	-258.28%	-202.41%	-163.99%	-98.86%
EPS Growth (1Y)	-38.00%	79.65%	116.85%	71.27%	3.19%	-40.15%	-21.66%	-6,722.77%	-256.48%	-201.11%	-163.28%	-98.88%
Valuation Metrics
P/E TTM	-217.83	-33.79	-8.71	-3.83	-3.34	-8.06	-10.18	-10.60	-11.23	-5.33	-7.91	714.61
P/B	10.18	2.42	1.10	0.45	0.33	0.43	0.52	0.73	0.98	0.45	0.45	0.63
P/S TTM	31.68	8.13	1.74	0.84	0.52	0.77	1.10	1.65	2.50	1.35	1.25	1.47
Market Cap	3.04B	718.30M	196.85M	91.35M	61.41M	93.64M	104.44M	145.65M	197.31M	102.34M	102.33M	146.50M
Enterprise Value	3.07B	652.73M	235.29M	120.27M	23.23M	107.10M	65.65M	104.05M	157.71M	105.15M	108.81M	151.23M
Calculated Values
Free Cash Flow TTM	-27.98M	-18.78M	-18.93M	-13.97M	-8.54M	-17.88M	-18.26M	-17.08M	-16.53M	-8.48M	-8.97M	-26.54M
Net Debt	27.10M	-65.57M	38.44M	28.92M	-38.18M	13.45M	-38.79M	-41.60M	-39.60M	2.81M	6.48M	4.74M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-15Sale

Owner: Chen, Jesse

Title: -

Shares: 6,172

Price/Share: $115.24

Value: $711,261.28

Shares Owned: 50,275

Relationship: Director

Ownership: Direct

2026-06-15Sale

Owner: Chang, David C

Title: -

Shares: 8,333

Price/Share: $111.17

Value: $926,379.61

Shares Owned: 65,165

Relationship: Director

Ownership: Direct

2026-06-12Sale

Owner: Chen, Jesse

Title: -

Shares: 13,000

Price/Share: $95.77

Value: $1,245,010.00

Shares Owned: 56,447

Relationship: Director

Ownership: Direct

2026-06-10Sale

Owner: Chen, Jesse

Title: -

Shares: 9,000

Price/Share: $86.73

Value: $780,570.00

Shares Owned: 78,447

Relationship: Director

Ownership: Direct

2026-06-04Sale

Owner: Chen, Jesse

Title: -

Shares: 6,133

Price/Share: $108.28

Value: $664,081.24

Shares Owned: 94,193

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-15	Chen, Jesse	Director	-	Direct	Sale	6,172	115.24	$711,261.28	50,275	4
2026-06-15	Chang, David C	Director	-	Direct	Sale	8,333	111.17	$926,379.61	65,165	4
2026-06-12	Chen, Jesse	Director	-	Direct	Sale	13,000	95.77	$1,245,010.00	56,447	4
2026-06-10	Chen, Jesse	Director	-	Direct	Sale	9,000	86.73	$780,570.00	78,447	4
2026-06-04	Chen, Jesse	Director	-	Direct	Sale	6,133	108.28	$664,081.24	94,193	4
2026-06-02	Chen, Jesse	Director	-	Direct	Sale	2,000	111.03	$222,060.00	104,326	4
2026-06-01	Young, Morris S	Director,Officer	CEO	Direct	Sale	73,897	112.39	$8,305,283.83	2,261,328	4
2026-03-13	Fischer, Gary L	Officer	CFO	Direct	Sale	80,776	50.64	$4,090,496.64	191,278	4
2026-03-13	Young, Morris S	Director,Officer	CEO	Indirect	Sale	37,905	51.13	$1,938,082.65	2,275,328	4
2026-03-13	Chen, Jesse	Director	-	Direct	Sale	8,083	50.25	$406,170.75	109,526	4
2026-03-11	Chen, Jesse	Director	-	Direct	Sale	15,000	47.13	$706,950.00	123,612	4
2026-03-10	Young, Morris S	Director,Officer	CEO	Indirect	Sale	30,832	45.60	$1,405,939.20	2,313,233	4
2026-03-10	Chang, David C	Director	-	Direct	Sale	20,000	46.00	$920,000.00	72,744	4
2026-03-09	Young, Morris S	Director,Officer	CEO	Indirect	Sale	125,893	36.51	$4,596,353.43	2,344,065	4
2026-03-06	Chen, Jesse	Director	-	Direct	Sale	2,000	36.63	$73,260.00	165,064	4
2026-03-05	Chen, Jesse	Director	-	Direct	Sale	11,147	38.26	$426,484.22	167,064	4
2026-03-05	Chang, David C	Director	-	Direct	Sale	20,000	38.42	$768,400.00	92,744	4
2026-03-03	Chen, Jesse	Director	-	Direct	Sale	11,007	40.49	$445,673.43	187,011	4
2026-03-02	Young, Morris S	Director,Officer	CEO	Indirect	Sale	159,536	43.32	$6,911,099.52	2,482,038	4
2026-03-02	Fischer, Gary L	Officer	CFO	Direct	Sale	405,233	41.46	$16,800,960.18	280,310	4
2025-12-09	Chang, David C	Director	-	Indirect	Sale	25,000	14.84	$371,000.00	132,744	4
2025-12-08	Young, Morris S	Officer	CEO	Indirect	Sale	37,160	12.46	$463,013.60	2,458,404	4
2025-12-04	Young, Morris S	Officer	CEO	Indirect	Sale	35,000	12.05	$421,750.00	2,495,564	4
2025-12-02	Chang, David C	Director	-	Indirect	Sale	25,000	12.33	$308,250.00	157,744	4
2025-11-17	Young, Morris S	Officer	CEO	Direct	Sale	33,130	10.40	$344,552.00	2,476,360	4
2025-11-13	Fischer, Gary L	Officer	CFO	Direct	Sale	101,297	10.14	$1,027,151.58	361,997	4
2025-11-07	Leblanc, Leonard J	Director	-	Direct	Sale	3,637	8.41	$30,587.17	118,875	4
2025-11-06	Fischer, Gary L	Officer	CFO	Direct	Sale	22,675	8.87	$201,127.25	463,294	4
2025-11-05	Chang, David C	Director	-	Direct	Sale	100,000	8.94	$894,000.00	207,744	4
2025-11-05	Fischer, Gary L	Officer	CFO	Direct	Sale	52,515	9.21	$483,663.15	485,969	4
2025-11-03	Young, Morris S	Officer	CEO	Indirect	Sale	80,000	8.65	$692,000.00	2,439,490	4
2025-02-25	Young, Morris S	Director,Officer	CHAIRMAN AND CEO	Direct	Purchase	30,000	1.36	$40,800.00	2,449,490	4
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Institutional Ownership

No data available for chart

2026-03-31

58.74%

Inst. Shares: 31,321,900

Shares Outstanding: 53,319,000

2025-12-31

58.17%

Inst. Shares: 25,556,957

Shares Outstanding: 43,933,000

2025-09-30

26.42%

Inst. Shares: 11,583,966

Shares Outstanding: 43,842,000

2025-06-30

24.64%

Inst. Shares: 10,772,188

Shares Outstanding: 43,710,000

2025-03-31

24.23%

Inst. Shares: 10,553,652

Shares Outstanding: 43,554,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	31,321,900	53,319,000	58.74%
2025-12-31	25,556,957	43,933,000	58.17%
2025-09-30	11,583,966	43,842,000	26.42%
2025-06-30	10,772,188	43,710,000	24.64%
2025-03-31	10,553,652	43,554,000	24.23%
2024-12-31	16,346,364	43,154,000	37.88%
2024-09-30	18,698,771	43,157,000	43.33%
2024-06-30	21,079,235	43,092,000	48.92%
2024-03-31	22,578,272	42,987,000	52.52%
2023-12-31	17,638,638	42,643,000	41.36%
2023-09-30	18,718,514	42,638,000	43.90%
2023-06-30	20,892,868	42,586,000	49.06%
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AXT INC (AXTI) — SEC Financial Statements & Analysis

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