AXT Inc income statement

In fiscal 2025, AXT Inc reported revenue of $88.3m, down 11.1% on the year before, operating income of −$22.0m (a -24.9% margin) and net income of −$21.3m, or −$0.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

AXT Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	55	95	104	88	85	83	78	81	99	102	83	95	137	141	76	99	88	126
Cost of revenue	—	—	—	—	—	—	—	55	64	65	58	65	90	89	62	76	77	85
Gross profit	14	36	45	25	12	17	17	26	34	37	25	30	47	52	13	24	11	40
Research and development	2	2	2	3	3	4	6	6	5	6	6	7	10	14	12	15	9	10
Selling, general and administrative	13	14	15	15	16	15	16	14	17	19	19	19	24	26	23	24	24	26
Operating income	−2	20	27	6	−8	−3	−5	6	13	12	−0	4	13	13	−22	−15	−22	4
Interest expense	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	1	1	—
Income before tax	−1	23	29	7	−7	−0	−2	6	11	12	−1	7	18	21	−19	−11	−22	10
Income tax	0	2	3	1	0	0	1	1	1	1	1	2	1	2	0	1	2	4
Net income	−2	19	20	3	−8	−1	−2	6	10	10	−3	3	15	16	−18	−12	−21	4
Diluted EPS	−$0.07	$0.57	$0.61	$0.09	−$0.25	−$0.05	−$0.07	$0.17	$0.26	$0.24	−$0.07	$0.07	$0.34	$0.37	−$0.42	−$0.27	−$0.49	$0.08
Diluted shares (average)	31m	33m	33m	33m	33m	32m	32m	33m	39m	40m	39m	41m	43m	43m	43m	43m	44m	51m
EBITDA	1	23	31	10	−2	3	1	11	17	17	5	8	20	21	−13	−6	−13	13

US$ millions unless shown otherwise. Fiscal quarters.

AXT Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	24	25	19	18	28	23	27	48
Cost of revenue	18	21	21	17	22	18	19	26
Gross profit	6	4	−1	1	6	5	8	21
Research and development	3	4	3	3	1	2	3	4
Selling, general and administrative	6	6	6	6	6	6	7	7
Operating income	−3	−6	−10	−7	−1	−4	−2	10
Interest expense	0	0	—	0	0	0	—	—
Income before tax	−2	−6	−10	−7	−1	−3	−1	15
Income tax	1	0	0	1	1	1	0	2
Net income	−3	−5	−9	−7	−2	−4	−2	11
Diluted EPS	−$0.07	−$0.12	−$0.20	−$0.16	−$0.04	−$0.08	−$0.03	$0.17
EBITDA	−1	−4	−8	−4	1	−2	1	13

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.