Financial Statements — AXTI
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 41.77 | 23.11 | 27.01 | 31.58 | 24.90 | 27.81 | 25.79 | 28.52 | 30.09 | 35.44 | 32.92 | 41.04 | 29.49 | 43.61 | 52.78 | 61.21 |
| Short-term Investments | 65.38 | -- | -- | -- | -- | 1.68 | 1.67 | 4.27 | 7.09 | 7.02 | 7.21 | 4.47 | 5.40 | 5.68 | 2.75 | 0.24 |
| Accounts Receivable | 32.02 | 33.84 | 22.79 | 22.86 | 27.97 | 27.16 | 25.06 | 18.88 | 19.86 | 21.35 | 38.13 | 38.75 | 39.85 | 36.58 | 33.47 | 28.42 |
| Inventory | 90.17 | 77.66 | 80.06 | 80.41 | 86.11 | 85.77 | 85.94 | 86.38 | 87.06 | 91.68 | 88.50 | 77.28 | 68.82 | 60.68 | 58.93 | 54.68 |
| Total Current Assets | 253.78 | 149.76 | 144.96 | 149.53 | 167.86 | 167.40 | 163.74 | 160.31 | 165.47 | 177.00 | 181.46 | 177.38 | 160.06 | 159.62 | 164.44 | 162.95 |
| Property, Plant & Equipment | 164.62 | 159.28 | 159.71 | 159.04 | 166.46 | 161.33 | 163.12 | 158.77 | 158.67 | 162.52 | 152.73 | 152.88 | 147.29 | 131.62 | 127.24 | 119.88 |
| Total Non-current Assets* | 190.82 | 184.28 | 184.04 | 183.95 | 187.72 | 182.02 | 185.22 | 181.88 | 180.73 | 189.62 | 180.32 | 183.89 | 178.34 | 156.04 | 144.96 | 138.96 |
| Total Assets | 444.60 | 334.03 | 329.00 | 333.48 | 355.58 | 349.41 | 348.96 | 342.19 | 346.20 | 366.62 | 361.78 | 361.27 | 338.40 | 315.66 | 309.40 | 301.91 |
| Accounts Payable | 16.14 | 10.85 | 11.24 | 11.11 | 12.78 | 11.66 | 10.26 | 6.37 | 4.69 | 6.77 | 13.35 | 23.32 | 14.40 | 11.38 | 16.13 | 13.40 |
| Short-term Debt | 68.87 | 61.55 | 55.93 | 50.76 | 52.88 | 49.90 | 48.22 | 45.78 | 45.62 | 52.82 | 43.00 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 97.88 | 84.90 | 79.54 | 75.26 | 78.77 | 74.65 | 72.01 | 67.67 | 67.26 | 72.79 | 72.91 | 70.87 | 46.80 | 37.34 | 38.21 | 39.47 |
| Total Non-current Liabilities* | 9.76 | 8.68 | 8.83 | 12.05 | 10.59 | 11.65 | 11.87 | 6.44 | 4.56 | 5.50 | 3.51 | 3.67 | 4.07 | 4.59 | 3.85 | 3.76 |
| Total Liabilities | 107.63 | 93.58 | 88.37 | 87.31 | 89.36 | 86.30 | 83.87 | 74.11 | 71.82 | 78.29 | 76.42 | 74.54 | 50.88 | 41.93 | 42.06 | 43.23 |
| Retained Earnings | (66.54) | (61.38) | (59.47) | (52.46) | (38.58) | (35.64) | (34.12) | (28.42) | (22.60) | (17.51) | (15.50) | (21.26) | (26.80) | (32.93) | (36.73) | (41.12) |
| Total Stockholder Equity | 274.87 | 179.15 | 179.71 | 185.04 | 200.73 | 199.67 | 201.08 | 204.23 | 209.79 | 220.00 | 217.15 | 216.32 | 215.72 | 205.74 | 199.78 | 195.15 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 26.92 | 23.04 | 27.96 | 17.97 | 19.36 | 25.11 | 23.65 | 27.92 | 22.69 | 20.43 | 17.37 | 18.60 | 19.41 | 26.80 | 35.18 | 39.49 | 39.65 | 37.73 | 34.58 | 33.74 |
| Cost of Revenue | 18.95 | 18.22 | 21.73 | 16.54 | 20.60 | 20.70 | 17.96 | 20.27 | 16.59 | 15.80 | 15.50 | 16.88 | 14.30 | 18.20 | 20.40 | 24.05 | 26.35 | 25.59 | 23.08 | 21.50 |
| Gross Profit | 7.98 | 4.83 | 6.22 | 1.43 | (1.24) | 4.41 | 5.68 | 7.65 | 6.09 | 4.63 | 1.87 | 1.72 | 5.11 | 8.60 | 14.78 | 15.44 | 13.31 | 12.14 | 11.50 | 12.24 |
| Research & Development | 3.01 | 2.39 | 1.01 | 2.53 | 3.12 | 4.13 | 3.44 | 3.76 | 3.21 | 2.82 | 2.93 | 2.74 | 3.60 | 3.66 | 3.64 | 3.45 | 3.16 | 2.76 | 2.63 | 2.54 |
| Selling, General & Admin | 6.55 | 6.27 | 6.33 | 5.65 | 5.92 | 6.44 | 5.65 | 5.78 | 6.23 | 5.37 | 5.67 | 5.82 | 5.95 | 5.94 | 6.58 | 6.69 | 6.45 | 6.35 | 6.48 | 5.80 |
| Total Operating Expenses | 9.56 | 8.66 | 7.35 | 8.18 | 9.03 | 10.57 | 9.09 | 9.54 | 9.44 | 8.19 | 8.59 | 8.56 | 9.55 | 9.60 | 10.22 | 10.15 | 9.61 | 9.11 | 9.11 | 8.33 |
| Operating Income | (1.58) | (3.83) | (1.12) | (6.74) | (10.27) | (6.16) | (3.41) | (1.88) | (3.35) | (3.56) | (6.73) | (6.84) | (4.44) | (1.00) | 4.57 | 5.29 | 3.70 | 3.03 | 2.40 | 3.91 |
| Pretax Income | (1.05) | (3.34) | (1.17) | (7.09) | (9.94) | (5.54) | (2.26) | (1.08) | (1.77) | (3.51) | (6.52) | (5.49) | (3.52) | 1.49 | 7.23 | 7.57 | 4.63 | 3.22 | 4.36 | 5.51 |
| Tax Provision | 0.43 | 0.50 | 0.50 | 0.58 | 0.07 | 0.11 | 0.63 | 0.12 | 0.27 | 0.25 | (0.10) | (0.14) | 0.15 | -0.00 | 0.50 | 1.03 | 0.66 | (0.41) | (0.13) | 0.89 |
| Net Income | (1.62) | (3.55) | (1.91) | (7.01) | (8.80) | (5.09) | (2.94) | (1.52) | (2.08) | (3.62) | (5.82) | (5.09) | (3.35) | 1.34 | 5.76 | 5.55 | 3.17 | 2.97 | 3.80 | 4.39 |
| Basic EPS | (0.03) | (0.09) | (0.04) | (0.16) | (0.20) | (0.11) | (0.07) | (0.04) | (0.05) | (0.08) | (0.14) | (0.12) | (0.08) | 0.03 | 0.14 | 0.13 | 0.07 | 0.07 | 0.09 | 0.11 |
| Diluted EPS | (0.03) | (0.09) | (0.04) | (0.16) | (0.20) | (0.11) | (0.07) | (0.04) | (0.05) | (0.08) | (0.14) | (0.12) | (0.08) | 0.04 | 0.13 | 0.13 | 0.07 | 0.07 | 0.09 | 0.10 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (11.68) | 4.29 | (9.15) | (4.58) | (3.35) | 1.27 | (5.42) | 0.84 | (8.81) | 1.43 | (0.79) | 4.30 | (1.53) | 0.54 | (14.84) | 14.44 | (8.91) | 7.43 | (0.17) | (2.26) |
| Capital Expenditures | 1.37 | 3.03 | 2.17 | 0.28 | 0.51 | 0.17 | 0.94 | 0.27 | 4.39 | (0.70) | 4.39 | 3.18 | 3.62 | (0.30) | 7.91 | 14.56 | 6.29 | 10.55 | 6.06 | 7.26 |
| Free Cash Flow* | (13.06) | 1.26 | (11.33) | (4.86) | (3.86) | 1.10 | (6.36) | 0.57 | (13.20) | 2.13 | (5.18) | 1.12 | (5.15) | 0.84 | (22.75) | (0.12) | (15.20) | (3.12) | (6.23) | (9.52) |
| Investing Cash Flow | (67.26) | (3.03) | (2.17) | (0.84) | (0.79) | (0.44) | 0.45 | (0.55) | (3.91) | 2.24 | (1.78) | (2.35) | (0.71) | 0.30 | (7.15) | (12.08) | (6.29) | (13.26) | (12.75) | (7.26) |
| Financing Cash Flow | 7.99 | 95.34 | 5.19 | (0.32) | 6.88 | (5.04) | 0.82 | 1.68 | 2.00 | 6.37 | 0.57 | (4.10) | 5.77 | 2.76 | 13.24 | 14.12 | 7.92 | (1.35) | 3.86 | 0.61 |
* Derived from reported values
