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Side-by-side financial comparison of AXT INC (AXTI) and USCB FINANCIAL HOLDINGS, INC. (USCB). Click either name above to swap in a different company.

AXT INC is the larger business by last-quarter revenue ($26.9M vs $22.2M, roughly 1.2× USCB FINANCIAL HOLDINGS, INC.). On growth, AXT INC posted the faster year-over-year revenue change (39.1% vs 14.7%). Over the past eight quarters, USCB FINANCIAL HOLDINGS, INC.'s revenue compounded faster (12.3% CAGR vs -1.8%).

AXT Inc designs, manufactures and sells high-performance compound semiconductor substrates, including gallium arsenide, indium phosphide and germanium wafers. Its products power optoelectronic and radio frequency devices for global communications, consumer electronics and industrial end markets.

USCB Financial Holdings, Inc. is a U.S.-headquartered bank holding company that offers comprehensive retail and commercial banking services, including deposit products, personal and business loans, wealth management, and digital banking tools. It primarily serves individual consumers, small and medium-sized enterprises, and local corporate clients across its operating regions in the United States, prioritizing personalized customer experiences and community-oriented financial services.

AXTI vs USCB — Head-to-Head

Bigger by revenue
AXTI
AXTI
1.2× larger
AXTI
$26.9M
$22.2M
USCB
Growing faster (revenue YoY)
AXTI
AXTI
+24.4% gap
AXTI
39.1%
14.7%
USCB
Faster 2-yr revenue CAGR
USCB
USCB
Annualised
USCB
12.3%
-1.8%
AXTI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXTI
AXTI
USCB
USCB
Revenue
$26.9M
$22.2M
Net Profit
$1.4M
Gross Margin
29.6%
Operating Margin
64.5%
14.7%
Net Margin
6.1%
Revenue YoY
39.1%
14.7%
Net Profit YoY
-80.3%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXTI
AXTI
USCB
USCB
Q1 26
$26.9M
Q4 25
$23.0M
$22.2M
Q3 25
$28.0M
$25.0M
Q2 25
$18.0M
$24.4M
Q1 25
$19.4M
$22.8M
Q4 24
$25.1M
$23.0M
Q3 24
$23.6M
$21.5M
Q2 24
$27.9M
$20.5M
Net Profit
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
$-3.5M
$1.4M
Q3 25
$-1.9M
$8.9M
Q2 25
$-7.0M
$8.1M
Q1 25
$-8.8M
$7.7M
Q4 24
$-5.1M
$6.9M
Q3 24
$-2.9M
$6.9M
Q2 24
$-1.5M
$6.2M
Gross Margin
AXTI
AXTI
USCB
USCB
Q1 26
29.6%
Q4 25
20.9%
Q3 25
22.3%
Q2 25
8.0%
Q1 25
-6.4%
Q4 24
17.6%
Q3 24
24.0%
Q2 24
27.4%
Operating Margin
AXTI
AXTI
USCB
USCB
Q1 26
64.5%
Q4 25
-16.6%
14.7%
Q3 25
-4.0%
47.3%
Q2 25
-37.5%
44.0%
Q1 25
-53.1%
44.2%
Q4 24
-24.6%
39.6%
Q3 24
-14.4%
42.5%
Q2 24
-6.8%
39.8%
Net Margin
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
-15.4%
6.1%
Q3 25
-6.8%
35.8%
Q2 25
-39.0%
33.4%
Q1 25
-45.5%
33.5%
Q4 24
-20.3%
30.0%
Q3 24
-12.4%
32.3%
Q2 24
-5.4%
30.3%
EPS (diluted)
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
$-0.09
Q3 25
$-0.04
$0.45
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.11
Q3 24
$-0.07
$0.35
Q2 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXTI
AXTI
USCB
USCB
Cash + ST InvestmentsLiquidity on hand
$107.1M
$38.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$298.4M
$217.2M
Total Assets
$444.6M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXTI
AXTI
USCB
USCB
Q1 26
$107.1M
Q4 25
$120.3M
$38.5M
Q3 25
$23.1M
$56.8M
Q2 25
$27.0M
$54.8M
Q1 25
$31.6M
$98.0M
Q4 24
$22.8M
$77.0M
Q3 24
$24.9M
$38.5M
Q2 24
$29.5M
$77.3M
Stockholders' Equity
AXTI
AXTI
USCB
USCB
Q1 26
$298.4M
Q4 25
$273.3M
$217.2M
Q3 25
$179.1M
$209.1M
Q2 25
$179.7M
$231.6M
Q1 25
$185.0M
$225.1M
Q4 24
$192.8M
$215.4M
Q3 24
$200.7M
$213.9M
Q2 24
$199.7M
$201.0M
Total Assets
AXTI
AXTI
USCB
USCB
Q1 26
$444.6M
Q4 25
$433.8M
$2.8B
Q3 25
$334.0M
$2.8B
Q2 25
$329.0M
$2.7B
Q1 25
$333.5M
$2.7B
Q4 24
$339.3M
$2.6B
Q3 24
$355.6M
$2.5B
Q2 24
$349.4M
$2.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXTI
AXTI
USCB
USCB
Operating Cash FlowLast quarter
$42.8M
Free Cash FlowOCF − Capex
$42.5M
FCF MarginFCF / Revenue
191.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
31.40×
TTM Free Cash FlowTrailing 4 quarters
$95.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
$4.3M
$42.8M
Q3 25
$-9.2M
$20.1M
Q2 25
$-4.6M
$18.0M
Q1 25
$-3.3M
$14.6M
Q4 24
$1.3M
$34.8M
Q3 24
$-5.4M
$11.3M
Q2 24
$843.0K
$18.3M
Free Cash Flow
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
$1.3M
$42.5M
Q3 25
$-11.3M
$20.0M
Q2 25
$-4.9M
$18.0M
Q1 25
$-3.9M
$14.6M
Q4 24
$1.1M
$34.5M
Q3 24
$-6.4M
$11.2M
Q2 24
$572.0K
$18.2M
FCF Margin
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
5.5%
191.4%
Q3 25
-40.5%
80.3%
Q2 25
-27.0%
73.7%
Q1 25
-19.9%
63.9%
Q4 24
4.4%
150.2%
Q3 24
-26.9%
52.2%
Q2 24
2.0%
88.8%
Capex Intensity
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
13.2%
1.4%
Q3 25
7.8%
0.5%
Q2 25
1.6%
0.2%
Q1 25
2.6%
0.2%
Q4 24
0.7%
1.4%
Q3 24
4.0%
0.4%
Q2 24
1.0%
0.4%
Cash Conversion
AXTI
AXTI
USCB
USCB
Q1 26
Q4 25
31.40×
Q3 25
2.25×
Q2 25
2.22×
Q1 25
1.91×
Q4 24
5.05×
Q3 24
1.63×
Q2 24
2.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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