AXT INCAXTIEarnings & Financial Report
Nasdaq
NextMar 31, 2026
AXTI Q3 2025 Key Financial Metrics
Revenue
$28.0M
Gross Profit
$6.2M
Operating Profit
$-1.1M
Net Profit
$-1.9M
Gross Margin
22.3%
Operating Margin
-4.0%
Net Margin
-6.8%
YoY Growth
18.2%
EPS
$-0.04
Financial Flow
AXT INC Q3 2025 Financial Summary
AXT INC reported revenue of $28.0M for Q3 2025, with a net profit of $-1.9M (-6.8% margin). Cost of goods sold was $21.7M, operating expenses totaled $7.3M.
Key Financial Metrics
| Total Revenue | $28.0M |
|---|---|
| Net Profit | $-1.9M |
| Gross Margin | 22.3% |
| Operating Margin | -4.0% |
| Report Period | Q3 2025 |
AXT INC Annual Revenue by Year
AXT INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $99.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $99.4M |
| 2023 | $75.8M |
| 2022 | $141.1M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M | $22.7M | $27.9M | $23.6M | $25.1M | $19.4M | $18.0M | $28.0M |
| YoY Growth | -23.8% | 16.9% | 50.2% | 36.2% | 22.9% | -14.7% | -35.6% | 18.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $358.7M | $349.0M | $349.4M | $355.6M | $339.3M | $333.5M | $329.0M | $334.0M |
| Liabilities | $89.6M | $83.9M | $86.3M | $89.4M | $84.4M | $87.3M | $88.4M | $93.6M |
| Equity | $204.0M | $201.1M | $199.7M | $200.7M | $192.8M | $185.0M | $179.7M | $179.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.4M | $-8.8M | $843000 | $-5.4M | $1.3M | $-3.3M | $-4.6M | $-9.2M |