$106.70
-0.58%AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.
Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.
Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.
Strong working capital position provides significant operational flexibility and financial cushion.
Balanced asset mix between current and non-current assets, typical of many stable businesses.
Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.
AXTI โข NASDAQ
| AXT, Inc. Balance Sheet | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | ||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
128.4M | 22.8M | 37.8M | 34.9M | 36.8M | 72.6M | 26.9M | 16.5M | 44.4M | 36.2M | 24.9M | 28.8M | 25M | 30.6M | 26.2M | 23.7M | 16.9M | 13.6M | 18.4M | 16.1M | |
0.0 | 0.0 | 2.1M | 9.3M | 5.4M | 240K | 9.4M | 22.1M | 20M | 11.4M | 11.4M | 12.3M | 12.5M | 10.3M | 5.5M | 10.1M | 18.5M | 17.8M | 20.8M | 19.4M | |
128.4M | 22.8M | 39.9M | 44.3M | 42.2M | 72.8M | 36.3M | 38.7M | 64.4M | 47.6M | 36.3M | 41.2M | 37.5M | 40.9M | 31.7M | 33.8M | 35.4M | 31.3M | 39.2M | 35.5M | |
26.8M | 25.6M | 19.3M | 29.3M | 34.8M | 24.6M | 19M | 19.6M | 22.8M | 14.5M | 18.5M | 18M | 14.9M | 19.9M | 18.4M | 23.1M | 15.4M | 11.5M | 12.1M | 9.7M | |
26.8M | 25.6M | 19.3M | 29.3M | 34.8M | 24.6M | 19M | 19.6M | 22.8M | 14.5M | 18.5M | 17.9M | 14.9M | 17.9M | 18M | 23.1M | 15.4M | 11.5M | 12.1M | 9.7M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 171K | 0.0 | 2M | 412K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
81.7M | 85.1M | 86.5M | 89.6M | 65.9M | 51.5M | 49.2M | 58.6M | 45.8M | 40.2M | 38M | 38.6M | 39.1M | 40.4M | 46M | 36M | 27.7M | 35.1M | 24.8M | 20.3M | |
0.0 | 0.0 | 12.6M | 14M | 17.3M | 15.6M | 8.7M | 11.7M | 7.2M | 4.9M | 4.1M | 5.4M | 8M | 5.3M | 7.1M | 4.1M | 2.4M | 3.1M | 3.6M | 4M | |
9.7M | 24.7M | 12.4M | 6.4M | 0.0 | 0.0 | 0.0 | 0.0 | 7.5M | 5.1M | 0.0 | 5.4M | 0.0 | 5.3M | 0.0 | 4.1M | 2.4M | 3.1M | 5.1M | 4.7M | |
246.6M | 158.3M | 170.7M | 183.5M | 160.2M | 164.5M | 113.2M | 128.5M | 140.5M | 107.3M | 96.9M | 103.2M | 99.5M | 106.5M | 103.1M | 97M | 80.9M | 81M | 84.8M | 74.1M | |
NON-CURRENT ASSETS | ||||||||||||||||||||
163.8M | 162.2M | 169.1M | 162.8M | 144.7M | 118.5M | 100.3M | 82.3M | 46.5M | 27.8M | 31.4M | 33.9M | 37.6M | 37.2M | 34.3M | 24.2M | 20.9M | 22.2M | 16M | 12.8M | |
0.0 | 1.7M | 1.8M | 1.9M | 2.1M | 1.7M | 1.1M | 1M | 1.1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | 1.7M | 1.8M | 1.9M | 2.1M | 1.7M | 1.1M | 1M | 1.1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | 14.1M | 12.5M | 16.7M | 19.7M | 12.1M | 6M | 717K | 12.6M | 6.2M | 7.7M | 7.8M | 10.1M | 9.2M | 9M | 7.2M | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | 1.4M | 1.7M | 2.2M | 2.3M | 0.0 | -8.7M | -1M | -1.1M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
23.4M | 1.6M | 2.9M | 2.9M | 3.3M | 2.1M | 11.4M | 12M | 11.6M | 13M | 15.9M | 16.7M | 16.5M | 14.7M | 16.1M | 11.9M | 6.2M | 8.4M | 11.9M | 11.4M | |
187.2M | 181M | 188M | 186.5M | 172.3M | 134.3M | 110.1M | 95M | 70.7M | 47M | 55M | 58.3M | 64.3M | 61.1M | 59.4M | 43.3M | 27.1M | 30.6M | 27.9M | 24.2M | |
433.8M | 339.3M | 358.7M | 370.1M | 332.4M | 298.9M | 223.3M | 223.5M | 211.2M | 154.2M | 151.9M | 161.5M | 163.8M | 167.6M | 162.5M | 140.3M | 107.9M | 111.7M | 112.8M | 98.3M | |
LIABILITIES | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
12.9M | 12.5M | 9.6M | 10.8M | 17.2M | 13.4M | 10.3M | 13.3M | 11.7M | 6.9M | 6.5M | 7.1M | 8.1M | 6.5M | 3.3M | 7.1M | 5.6M | 6.7M | 4.7M | 3.9M | |
12.9M | 12.4M | 9.6M | 10.1M | 16.6M | 12.7M | 10.1M | 13.3M | 11.4M | 6.7M | 6.5M | 7.1M | 8.1M | 5.9M | 3.3M | 7.1M | 5.6M | 6.7M | 4.3M | 3.8M | |
0.0 | 127K | 0.0 | 729K | 539K | 760K | 171K | 0.0 | 270K | 203K | 0.0 | 0.0 | 0.0 | 640K | 0.0 | 0.0 | 0.0 | 82K | 390K | 356K | |
0.0 | 3.1M | 7.4M | 5.1M | 5.4M | 4.5M | 3.5M | 6M | 3.4M | 2.8M | 5.1M | 6.2M | 5.5M | 2.1M | 1.8M | 1.7M | 1.1M | 764K | 966K | 1.1M | |
62.8M | 47.3M | 52.9M | 47.1M | 14.1M | 10.4M | 5.7M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 76K | 3.1M | 450K | 450K | |
0.0 | 536K | 458K | 485K | 488K | 445K | 319K | 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 | 526K | 493K | 1.6M | 931K | 1.1M | 221K | 360K | 665K | 203K | 225K | 119K | 125K | 640K | 0.0 | 0.0 | 221K | 82K | 390K | 178K | |
0.0 | 1.6M | 305K | 338K | 946K | 374K | 396K | 1.5M | 924K | 238K | 0.0 | 0.0 | 0.0 | 0.0 | 19K | 0.0 | 221K | 82K | 4.3M | 3.4M | |
14.8M | 9.2M | 10.9M | 11.5M | 9.7M | 9.9M | 7.3M | 9.3M | 6.5M | 6M | 1.3M | 1.5M | 1.8M | 4.5M | 5.8M | 6.1M | 3.5M | 3.6M | 3.4M | 2.3M | |
90.5M | 74.2M | 81.6M | 75.3M | 47.8M | 39.1M | 27.5M | 28.7M | 22.6M | 13.1M | 12.8M | 14.8M | 15.4M | 13.1M | 10.9M | 14.8M | 10.2M | 14.2M | 9.5M | 7.8M | |
NON-CURRENT LIABILITIES | ||||||||||||||||||||
1.4M | 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 | 420K | 496K | 6.3M | 6.8M | |
5.7M | 8.3M | 5.6M | 3.7M | 2.5M | 1.9M | 366K | 283K | 289K | 905K | 1.5M | 2.1M | 2.9M | 3.6M | 4.6M | 5.6M | 62K | 3.3M | 3.8M | 2.5M | |
8.6M | 10.2M | 8M | 5M | 4.4M | 4.3M | 3.1M | 283K | 289K | 905K | 1.5M | 2.1M | 2.9M | 3.6M | 4.6M | 5.6M | 482K | 3.8M | 10M | 9.4M | |
1.4M | 2.5M | 2.8M | 1.8M | 2.4M | 2.8M | 2.7M | 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 | |
99.1M | 84.4M | 89.6M | 80.3M | 52.2M | 43.3M | 30.6M | 29M | 22.9M | 14M | 14.3M | 16.8M | 18.3M | 16.7M | 15.4M | 20.4M | 10.7M | 18M | 19.5M | 17.1M | |
SHAREHOLDERS' EQUITY | ||||||||||||||||||||
3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | |
55K | 45K | 44K | 44K | 43K | 42K | 41K | 39K | 39K | 32K | 32K | 32K | 32K | 32K | 32K | 32K | 30K | 30K | 30K | 29K | |
339.9M | 241.5M | 238.5M | 235.3M | 231.6M | 230.4M | 237M | 234.4M | 231.7M | 194.2M | 194.6M | 195.4M | 194.2M | 193.1M | 191.6M | 190M | 187.9M | 186.8M | 185.9M | 180.9M | |
-64.9M | -43.7M | -32M | -14.2M | -30M | -44.5M | -47.8M | -45.2M | -54.8M | -65M | -70.6M | -68.4M | -67M | -59M | -62.2M | -82.5M | -101.1M | -99.2M | -98.5M | -103.8M | |
-5.3M | -8.7M | -6M | -3.1M | 6.3M | 3.2M | -4.9M | -2M | 3.4M | 253K | 4.4M | 7.7M | 9M | 6M | 5.8M | 4.7M | 4.3M | 2.6M | 2.3M | 535K | |
273.3M | 192.8M | 204M | 221.6M | 211.5M | 192.6M | 187.9M | 190.8M | 183.8M | 135.9M | 132M | 138.3M | 139.7M | 143.6M | 138.8M | 115.8M | 94.6M | 93.7M | 93.3M | 81.2M | |
334.6M | 254.9M | 269.1M | 289.7M | 280.2M | 255.5M | 192.8M | 194.5M | 188.3M | 140.3M | 137.6M | 144.7M | 145.5M | 150.9M | 147M | 119.8M | 97.3M | 93.7M | 93.3M | 81.2M | |
61.3M | 62.1M | 65.2M | 68.1M | 68.7M | 62.9M | 4.9M | 3.7M | 4.5M | 4.4M | 5.6M | 6.4M | 5.9M | 7.3M | 8.3M | 4M | 2.6M | 0.0 | 0.0 | 0.0 | |
SUMMARY | ||||||||||||||||||||
433.8M | 339.3M | 358.7M | 370.1M | 332.4M | 298.9M | 223.3M | 223.5M | 211.2M | 154.2M | 151.9M | 161.5M | 163.8M | 167.6M | 162.5M | 140.3M | 107.9M | 111.7M | 112.8M | 98.3M | |
0.0 | 14.1M | 14.6M | 26.1M | 25.2M | 12.3M | 15.4M | 22.8M | 32.6M | 17.6M | 19.1M | 20.1M | 22.6M | 19.5M | 14.5M | 17.3M | 18.5M | 17.8M | 20.8M | 19.4M | |
65.7M | 49.8M | 55.7M | 48.9M | 16.5M | 13.2M | 8.8M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 900K | 5.5M | 496K | 3.6M | 6.7M | 7.3M | |
-62.7M | 26.9M | 18M | 13.9M | -20.2M | -59.4M | -18.1M | -16.5M | -44.4M | -36.2M | -24.9M | -28.8M | -25M | -30.6M | -25.3M | -18.2M | -16.4M | -10M | -11.7M | -8.8M | |
46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 | 46,124,935 |
AXTI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 14, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 14, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 31, 2026 | May 14, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 17, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 08, 2026 | 2026 |
Continue your AXTI research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.