AXT, Inc. (AXTI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -11.68M | 4.29M | -9.15M | -4.58M | -3.35M | 1.27M | -5.42M | 843K | -8.81M | 1.43M | -792K | 4.3M | -1.53M | 536K | -14.84M | 14.44M | -8.91M | 7.43M | -168K | -2.26M |
| Operating CF Margin % | -43.4% | 18.62% | -32.73% | -25.46% | -17.29% | 5.06% | -22.92% | 3.02% | -38.81% | 7% | -4.56% | 23.12% | -7.91% | 2% | -42.17% | 36.58% | -22.46% | 19.7% | -0.49% | -6.7% |
| Operating CF Growth % | -249.19% | 237.8% | -68.87% | -642.82% | 62% | -11.13% | -584.22% | -80.4% | -474.05% | 166.6% | 94.66% | -70.23% | 82.78% | -92.79% | -8732.14% | 739.07% | -7.18% | 1719.17% | -103.87% | -127.95% |
| Net Income | -1.49M | -3.55M | -1.67M | -7.67M | -10.02M | -5.66M | -2.94M | -1.52M | -2.08M | -3.76M | -6.42M | -5.35M | -3.67M | 1.5M | 6.73M | 6.54M | 3.97M | 3.63M | 3.8M | 4.62M |
| Depreciation & Amortization | 2.44M | 2.32M | 2.31M | 2.26M | 2.22M | 2.24M | 2.3M | 2.25M | 2.19M | 2.3M | 2.18M | 2.13M | 2.12M | 2.07M | 2.06M | 2.01M | 1.98M | 1.99M | 1.82M | 1.67M |
| Stock-Based Compensation | 1.03M | 0 | 738K | 633K | 646K | 753K | 820K | 715K | 809K | 822K | 891K | 912K | 915K | 745K | 1.04M | 1.14M | 1.09M | 1.09M | 0 | 975K |
| Deferred Taxes | 97K | -37K | -13K | -27K | -11K | 287K | -75K | 13K | 40K | 431K | 12K | 120K | -10K | -61K | 104K | 69K | -8K | 0 | 0 | 0 |
| Other Non-Cash Items | 7.38M | 821K | -515K | 1.03M | -251K | -493K | -957K | 1.78M | -855K | 1.39M | -351K | 2.73M | -1.02M | -767K | -581K | -2.13M | -1.08M | 1.63M | 1.29M | -723K |
| Working Capital Changes | -21.15M | 4.74M | -9.99M | -803K | 4.06M | 4.14M | -4.57M | -2.4M | -8.91M | 252K | 2.89M | 3.77M | 131K | -2.94M | -24.18M | 6.81M | -14.86M | -911K | -7.08M | -8.79M |
| Change in Receivables | -4.86M | 7.31M | -10.88M | 317K | 2.87M | 1.63M | -163K | -2.29M | -6.08M | -288K | 853K | 759K | 7.98M | 9.94M | -468K | -23K | -4.92M | 2.06M | -3.04M | -4.79M |
| Change in Inventory | -7.42M | -2.76M | 2.88M | 1.2M | 5.01M | -1.87M | 2.18M | -325K | -720K | 2.09M | 210K | 243K | -1.47M | 1.25M | -17.07M | -13M | -2.59M | -4.1M | -1.73M | -3.33M |
| Change in Payables | 2.99M | 1.9M | -463K | 8K | -1.3M | -5K | 744K | 1.48M | 815K | 3.21M | 1.82M | -1.84M | -3.35M | -3.88M | -10.46M | 11.12M | -2.3M | 4.99M | -4.69M | 2.52M |
| Cash from Investing | -67.26M | -3.03M | -2.17M | -840K | -786K | -441K | 454K | -546K | -3.91M | 2.24M | -1.78M | -2.35M | -713K | 302K | -7.15M | -12.08M | -6.29M | -13.26M | -12.75M | -7.26M |
| Capital Expenditures | -1.37M | -3.03M | -2.17M | -279K | -510K | -167K | -941K | -271K | -4.39M | 703K | -4.39M | -3.18M | -3.62M | 300K | -7.91M | -14.56M | -6.29M | -10.55M | -6.06M | -7.26M |
| CapEx % of Revenue | 5.1% | 13.15% | 7.78% | 1.55% | 2.63% | 0.67% | 3.98% | 0.97% | 19.36% | 3.44% | 25.26% | 17.08% | 18.63% | 1.12% | 22.49% | 36.87% | 15.87% | 27.96% | 17.53% | 21.51% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -837K | 0 | 0 | 0 | -560K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.16M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 7.99M | 95.34M | 5.19M | -321K | 6.88M | -5.04M | 824K | 1.68M | 2M | 6.37M | 573K | -4.1M | 5.77M | 2.76M | 13.23M | 14.12M | 7.92M | -1.35M | 3.86M | 608K |
| Debt Issued (Net) | 6.6M | 283K | 5.1M | -321K | 6.88M | -5.04M | 821K | 1.67M | 1.98M | 6.37M | 374K | -4.41M | 5.56M | 2.75M | 11.95M | 12.66M | 7.92M | -367K | 3.68M | 0 |
| Equity Issued (Net) | 1.48M | 95.06M | 96K | 0 | 0 | 0 | 3K | 5K | 20K | 0 | 0 | 0 | 0 | 0 | 0 | 1.46M | 0 | 0 | 179K | -453K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -80K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 199K | 308K | 211K | 2K | 1.29M | 0 | 0 | -987K | 0 | 1.06M |
| Net Change in Cash | -70.5M | 97.16M | -3.9M | -3.08M | 4.37M | -4.98M | -2.81M | 2M | -10.51M | 10.81M | -1.59M | -4.01M | 3.54M | 4.53M | -8.13M | 15.45M | -7.27M | -6.84M | -9.18M | -8.42M |
| Free Cash Flow | -13.06M | 1.26M | -11.33M | -4.86M | -3.86M | 1.1M | -6.36M | 572K | -13.2M | 2.13M | -5.18M | 1.12M | -5.15M | 836K | -22.75M | -117K | -15.2M | -3.12M | -6.23M | -9.52M |
| FCF Margin % | -48.49% | 5.46% | -40.52% | -27.01% | -19.92% | 4.39% | -26.9% | 2.05% | -58.17% | 10.44% | -29.82% | 6.04% | -26.54% | 3.12% | -64.66% | -0.3% | -38.33% | -8.26% | -18.02% | -28.21% |
| FCF Growth % | -238.59% | 14.14% | -78.08% | -948.78% | 70.78% | -48.26% | -22.83% | -49.11% | -156.27% | 155.02% | 77.24% | 1060.68% | 66.12% | 126.81% | -265.15% | 98.77% | -7.92% | 61.94% | -373.76% | -353.04% |
| FCF per Share | -0.24 | 0.03 | -0.26 | -0.11 | -0.09 | 0.03 | -0.15 | 0.01 | -0.31 | 0.05 | -0.12 | 0.03 | -0.12 | 0.02 | -0.53 | -0.00 | -0.36 | -0.07 | -0.15 | -0.22 |
| FCF Conversion (FCF/Net Income) | 7.21x | -1.21x | 4.80x | 0.65x | 0.38x | -0.25x | 1.85x | -0.56x | 4.23x | -0.39x | 0.14x | -0.84x | 0.46x | 0.40x | -2.58x | 2.60x | -2.81x | 2.51x | -0.04x | -0.52x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |