MARKETS / NASDAQ / AXTI
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · SMALL CAP

AXT Inc. AXTI

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$88.3M
▼ 11.1% vs FY2024
EPS · FY25
$-0.49
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-9.1%
Net margin · FY25
-24.1%
Dividend coverage
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Result
USD 88.3M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.040.080.120.160.1-0.02009201220152018202120242025
0.040.080.120.160.1-0.02016201920222025

The company lost 24 cents on every revenue dollar this year.

Per share
USD -0.49
Diluted EPS, FY2025
EPS
0.40.81.2-0.492009201220152018202120242025
0.40.81.2-0.492016201920222025

The company pays no cash dividend.

Profitability
-9.1%
Return on equity, FY2025
ROE
5101520-9.1%2009201220152018202120242025
5101520-9.1%2016201920222025
Operating margin-24.9%
Net margin-24.1%
Return on assets-5.5%

Each USD of equity lost 9 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
−1.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−14.5%
−1.5%
+1.3%
−0.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.06B
Shares outstanding, FY2025
0.030.062009201220152018202120242025
0.030.062016201920222025
Change, 5 years+31.9%
Change, 10 years+70.0%

The share count grew 32% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 433.8M
total assets, end of FY2025
Total assetsUSD 433.8M
EquityUSD 273.3M
CashUSD 120.3M
Gross debtUSD 4.3M
Net debtUSD -116.0M
Current ratio2.72×

The company holds more cash than debt.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Operating income $B
−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
EBITDA $B
−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
Income tax $B
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 $B
−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
EPS, diluted $
−0.49
−0.27
−0.42
0.37
0.34
0.07
−0.07
0.24
0.26
0.17
−0.07
−0.05
−0.25
0.09
0.61
0.57
−0.07
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−9.1
−5.9
−8.4
7.3
7.2
1.7
−1.4
5.2
6.4
4.3
−1.6
−1.0
−5.6
2.2
16.0
16.1
·
Shares out B
0.06
0.05
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.03
0.03
0.03
0.03
0.03
0.03
0.03
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
66 of 66
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed