NASDAQ:AXTI
Axt Inc.
Axt Inc.'s revenue fell 11.1% in fiscal 2025 to $88.3M while operating margin fell to −24.9%. Free cash flow was −$18.8M, −21.3% of revenue, and the diluted share count rose 1.8%.Summary generated from Axt Inc.'s SEC filings. Latest annual report filed Mar 17, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$88.3M
Revenue growth−11.1%
Revenue, 5-yr CAGR−1.5%
Gross margin12.7%
Operating margin−24.9%
Net margin−24.1%
ROIC−8.1%
Return on equity−9.1%
Debt / equity0.21
Free cash flow−$18.8M
FCF margin−21.3%
Share count change+1.8%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 137 | 141 | 76 | 99 | 88 |
| Operating income | 13 | 13 | −22 | −15 | −22 |
| Net income | 15 | 16 | −18 | −12 | −21 |
| Free cash flow | −33 | −37 | −7 | −18 | −19 |
Recent filings
- 4Insider transaction report
Aug 19, 2026 - 4Insider transaction report
Aug 19, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 13, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KEntry into a material agreement
Jul 29, 2026 - 8-KAmendment to articles or bylaws
Jul 29, 2026 - 8-KDirector or officer change
Jul 22, 2026 - 8-KCurrent report
Jul 8, 2026