AXTI (AXT, Inc.) Stock Financials & Earnings | Market Cap Arena

AXTI (AXT, Inc.) Stock Financials & Earnings | Market Cap Arena

AXTIAXT, Inc.

Mkt Cap$2B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Revenue (TTM)$88M

Net Income (TTM)-$21M

EPS (TTM)-$0.48

Free Cash Flow (TTM)-$19M

Gross Margin12.7%

Op. Margin-24.9%

Net Margin-24.1%

FCF Margin-21.4%

P/S Ratio (TTM)23.2x

P/E Ratio (TTM)—

YoY Rev Growth-11.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$19M	$5M	-$4M
Q2 23	$19M	$2M	-$7M
Q3 23	$17M	$2M	-$7M
Q4 23	$20M	$5M	-$4M
Q1 24	$23M	$6M	-$3M
Q2 24	$28M	$8M	-$2M
Q3 24	$24M	$6M	-$3M
Q4 24	$25M	$4M	-$6M
Q1 25	$19M	-$1M	-$10M
Q2 25	$18M	$1M	-$7M
Q3 25	$28M	$6M	-$1M
Q4 25	$23M	$5M	-$4M

Valuation

Quarter	P/S	P/E
Q1 23	17.0x	220.5x
Q2 23	20.5x	—
Q3 23	25.0x	—
Q4 23	27.1x	—
Q1 24	25.9x	—
Q2 24	23.2x	—
Q3 24	21.7x	—
Q4 24	20.6x	—
Q1 25	21.4x	—
Q2 25	23.8x	—
Q3 25	22.7x	—
Q4 25	23.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$536K	$836K
Q1 23	-$2M	-$5M
Q2 23	$4M	$1M
Q3 23	-$792K	-$5M
Q4 23	$1M	$2M
Q1 24	-$9M	-$13M
Q2 24	$843K	$572K
Q3 24	-$5M	-$6M
Q4 24	$1M	$1M
Q1 25	-$3M	-$4M
Q2 25	-$5M	-$5M
Q3 25	-$9M	-$11M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$300K
Q1 23	$4M
Q2 23	$3M
Q3 23	$4M
Q4 23	$703K
Q1 24	$4M
Q2 24	$271K
Q3 24	$941K
Q4 24	$167K
Q1 25	$510K
Q2 25	$279K
Q3 25	$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-51.1%	-33.7%
Q2 23	-52.9%	-25.6%
Q3 23	-50.6%	-21.3%
Q4 23	-23.8%	-13.7%
Q1 24	+16.9%	+9.2%
Q2 24	+50.2%	+17.2%
Q3 24	+36.2%	+12.3%
Q4 24	+22.9%	+30.4%
Q1 25	-14.7%	+13.8%
Q2 25	-35.6%	-17.1%
Q3 25	+18.2%	+7.5%
Q4 25	-8.2%	-14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$745K	2.8%
Q1 23	$915K	4.7%
Q2 23	$912K	4.9%
Q3 23	$891K	5.1%
Q4 23	$822K	4.0%
Q1 24	$809K	3.6%
Q2 24	$715K	2.6%
Q3 24	$820K	3.5%
Q4 24	$753K	3.0%
Q1 25	$646K	3.3%
Q2 25	$633K	3.5%
Q3 25	$738K	2.6%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$4M	$6M
Q2 23	$3M	$6M
Q3 23	$3M	$6M
Q4 23	$3M	$5M
Q1 24	$3M	$6M
Q2 24	$4M	$6M
Q3 24	$3M	$6M
Q4 24	$4M	$6M
Q1 25	$3M	$6M
Q2 25	$3M	$6M
Q3 25	$1M	$6M
Q4 25	$2M	$6M

Revenue Segments

Quarter	Raw Materials and Other	Substrates	Raw materials and others
Q1 23	$6M	$13M	—
Q2 23	$8M	$11M	—
Q3 23	$7M	$10M	—
Q1 24	—	$17M	$6M
Q2 24	—	$20M	$8M
Q3 24	—	$15M	$9M
Q1 25	—	$11M	$8M
Q2 25	$7M	$11M	—
Q3 25	$7M	$21M	—

Revenue by Geography

Quarter	Asia Pacific (excluding China, Taiwan and Japan)	China	Europe	Japan	North America	Taiwan	Asia Pacific Excluding China, Taiwan and Japan
Q2 24	$712K	$17M	$5M	$796K	$1M	$3M	—
Q3 24	$797K	$14M	$3M	$2M	$3M	$2M	—
Q1 25	$781K	$13M	$2M	$718K	$1M	$1M	—
Q2 25	—	$14M	$2M	$704K	$224K	$530K	$427K
Q3 25	—	$13M	$3M	$2M	$140K	$9M	$347K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$35M	$7M	$42M
Q2 23	$30M	$7M	$37M
Q3 23	$29M	$4M	$33M
Q4 23	$38M	$2M	$40M
Q1 24	$26M	$2M	$27M
Q2 24	$28M	$2M	$29M
Q3 24	$25M	$0	$25M
Q4 24	$23M	$0	$23M
Q1 25	$32M	$0	$32M
Q2 25	$27M	$0	$27M
Q3 25	$23M	$0	$23M
Q4 25	$120M	$0	$120M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	42M	-0.5%
Q2 23	43M	+0.2%
Q3 23	43M	+0.1%
Q4 23	43M	+0.5%
Q1 24	43M	+0.3%
Q2 24	43M	+0.2%
Q3 24	43M	+0.2%
Q4 24	43M	+0.5%
Q1 25	44M	+0.4%
Q2 25	44M	+0.4%
Q3 25	44M	-0.0%
Q4 25	45M	+2.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$76K	1K
FY 15	$74K	1K
FY 16	$82K	994
FY 17	$97K	1K
FY 18	$131K	781
FY 19	$84K	988
FY 20	$122K	784
FY 21	$136K	1K
FY 22	$91K	2K
FY 23	$76K	999
FY 24	$92K	1K
FY 25	$82K	1K