AXTI

AXT, Inc.

Income statement

Income statement
Line, in USD	Last 12 months	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	171M	88M	99M	76M	141M	137M	95M	83M	102M	99M	81M	78M	83M	85M	88M	104M	95M	55M
Cost of revenue	96M	77M	76M	62M	89M	90M	65M	58M	65M	64M	55M	61M	66M	74M	64M	59M	59M	41M
Gross profit	75M	11M	24M	13M	52M	47M	30M	25M	37M	34M	26M	17M	17M	12M	25M	45M	36M	14M
R&D	13M	9.0M	15M	12M	14M	10M	7.1M	5.8M	5.9M	4.8M	5.9M	5.7M	4.1M	3.4M	3.5M	2.5M	2.3M	1.6M
SG&A	29M	24M	24M	23M	26M	24M	19M	19M	19M	17M	14M	16M	15M	16M	15M	15M	14M	13M
Other operating expenses	—	—	—	—	—	—	—	—	—	—	226K	—	907K	—	—	—	—	507K
Operating income	33M	−22M	−15M	−22M	13M	13M	3.9M	−314K	12M	13M	6.4M	−4.9M	−2.9M	−7.7M	6.0M	27M	20M	−1.6M
Non-operating income	12M	432K	4.1M	2.5M	8.4M	4.7M	3.1M	−712K	−200K	−1.8M	−726K	2.9M	2.4M	1.0M	1.0M	1.1M	2.5M	562K
Pretax income	45M	−22M	−11M	−19M	21M	18M	7.1M	−1.0M	12M	11M	5.7M	−2.0M	−482K	−6.6M	7.0M	29M	23M	−1.0M
Taxes	13M	−284K	967K	−1.2M	5.1M	3.0M	3.8M	1.6M	2.3M	705K	63K	226K	906K	1.3M	3.9M	8.3M	4.0M	864K
Net income	32M	−21M	−12M	−18M	16M	15M	3.2M	−2.6M	9.7M	10M	5.6M	−2.2M	−1.4M	−8.0M	3.1M	20M	19M	−1.9M

Diluted EPS	0.45	−0.49	−0.27	−0.42	0.37	0.34	0.07	−0.07	0.24	0.26	0.17	−0.07	−0.05	−0.25	0.09	0.61	0.57	−0.07
Diluted shares	—	43.9M	43.2M	42.6M	42.7M	42.7M	41.0M	39.5M	40.3M	39.0M	32.9M	32.2M	32.5M	32.7M	32.9M	33.1M	32.5M	30.5M

Revenue growth	—	−11.1%	+31.1%	−46.3%	+2.7%	+44.1%	+14.5%	−18.7%	+3.8%	+21.3%	+5.0%	−7.2%	−2.2%	−3.4%	−15.1%	+9.0%	+72.5%	—
Gross margin	44.0%	12.7%	24.0%	17.6%	36.9%	34.5%	31.7%	29.8%	36.2%	34.9%	32.4%	21.7%	20.6%	13.9%	28.1%	43.0%	38.2%	25.1%
Operating margin	19.6%	−24.9%	−14.9%	−28.5%	8.9%	9.4%	4.1%	−0.4%	11.9%	12.8%	7.9%	−6.3%	−3.4%	−9.0%	6.7%	26.4%	21.1%	−2.9%
Net margin	18.5%	−24.1%	−11.7%	−23.6%	11.2%	10.6%	3.4%	−3.1%	9.4%	10.3%	6.9%	−2.9%	−1.7%	−9.3%	3.5%	19.5%	19.5%	−3.4%