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AXT Inc cash flow statement

In fiscal 2025, AXT Inc's operations generated −$12.8m of cash; it spent $6.0m on capital projects, leaving free cash flow of −$18.8m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations51118213321393136−3−93−12−13−6
Depreciation and amortisation3334565545647899910
Stock-based pay111111111223544334
Capital spending261375243214122203028106614
Free cash flow35514−32−210−13−37−9−14−33−37−7−18−19−20
Free cash flow after stock pay24413−40−49−14−39−11−17−37−41−11−21−22−23
Share buybacks——00102———————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from AXT Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AXT Inc.