AXTI Q3 2025 Earnings — AXT, Inc. Revenue & Financial Results | Market Cap Arena

AXTIAXT, Inc.

$2B

Q3 2025 Earnings

Technology Semiconductors

Income Statement

Revenue

$28M+18.2% YoY

Gross Profit

$6M22.3% margin

Operating Income

-$1M-4.0% margin

Net Income

-$2M-6.8% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+55.5%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$11M

Stock-Based Comp.

$738,000

Balance Sheet

Total Assets

$334M

Total Liabilities

$94M

Stockholders' Equity

$179M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$28M	$24M	+18.2%
Gross Profit	$6M	$6M	+9.5%
Operating Income	-$1M	-$3M	+67.0%
Net Income	-$2M	-$3M	+35.1%

Revenue Segments

Substrates

$21M76%

Raw Materials and Other

$7M24%

Geographic Segments

CHINA

$13M47%

TAIWAN

$9M32%

Europe

$3M12%

JAPAN

$2M7%

Asia Pacific Excluding China, Taiwan and Japan

$347,0001%

North America

$140,0001%