AXT, Inc. (AXTI) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 26.92M | 23.04M | 27.95M | 17.97M | 19.36M | 25.11M | 23.64M | 27.92M | 22.69M | 20.43M | 17.37M | 18.59M | 19.41M | 26.8M | 35.18M | 39.49M | 39.65M | 37.73M | 34.58M | 33.73M |
| Revenue Growth % | 39.1% | -8.22% | 18.23% | -35.63% | -14.69% | 22.89% | 36.16% | 50.16% | 16.92% | -23.76% | -50.64% | -52.91% | -51.06% | -28.99% | 1.76% | 17.05% | 26.48% | 39.57% | 35.76% | 52.41% |
| Cost of Goods Sold | 18.95M | 18.21M | 21.73M | 16.54M | 20.6M | 20.7M | 17.96M | 20.27M | 16.59M | 15.8M | 15.5M | 16.88M | 14.29M | 18.2M | 20.4M | 24.05M | 26.34M | 25.59M | 23.07M | 21.5M |
| COGS % of Revenue | 70.37% | 79.05% | 77.74% | 92.03% | 106.41% | 82.44% | 75.97% | 72.6% | 73.14% | 77.35% | 89.25% | 90.78% | 73.67% | 67.92% | 57.99% | 60.91% | 66.44% | 67.83% | 66.74% | 63.72% |
| Gross Profit | 7.98M | 4.83M | 6.22M | 1.43M | -1.24M | 4.41M | 5.68M | 7.65M | 6.09M | 4.63M | 1.87M | 1.72M | 5.11M | 8.6M | 14.78M | 15.44M | 13.31M | 12.14M | 11.5M | 12.24M |
| Gross Margin % | 29.63% | 20.95% | 22.26% | 7.97% | -6.41% | 17.56% | 24.03% | 27.4% | 26.86% | 22.65% | 10.75% | 9.22% | 26.33% | 32.08% | 42.01% | 39.09% | 33.56% | 32.17% | 33.26% | 36.28% |
| Gross Profit Growth % | 742.87% | 9.48% | 9.54% | -81.27% | -120.36% | -4.73% | 204.5% | 346.18% | 19.26% | -46.17% | -87.38% | -88.89% | -61.6% | -29.19% | 28.53% | 26.12% | 15.36% | 32.49% | 30.35% | 80.82% |
| Operating Expenses | 9.56M | 8.66M | 7.35M | 8.18M | 9.03M | 10.57M | 9.09M | 9.54M | 9.44M | 8.19M | 8.59M | 8.56M | 9.55M | 9.6M | 10.21M | 10.15M | 9.61M | 9.11M | 9.11M | 8.33M |
| OpEx % of Revenue | 35.52% | 37.58% | 26.28% | 45.5% | 46.67% | 42.12% | 38.44% | 34.15% | 41.61% | 40.08% | 49.48% | 46.03% | 49.2% | 35.82% | 29.03% | 25.69% | 24.23% | 24.13% | 26.33% | 24.7% |
| Selling, General & Admin | 6.55M | 6.27M | 6.33M | 5.65M | 5.92M | 6.44M | 5.65M | 5.78M | 6.23M | 5.37M | 5.67M | 5.82M | 5.95M | 5.93M | 6.58M | 6.69M | 6.45M | 6.35M | 6.48M | 5.79M |
| SG&A % of Revenue | 24.33% | 27.2% | 22.66% | 31.45% | 30.56% | 25.65% | 23.9% | 20.7% | 27.45% | 26.27% | 32.63% | 31.3% | 30.67% | 22.15% | 18.69% | 16.95% | 16.27% | 16.82% | 18.73% | 17.18% |
| Research & Development | 3.01M | 2.39M | 1.01M | 2.52M | 3.12M | 4.13M | 3.44M | 3.76M | 3.21M | 2.82M | 2.93M | 2.74M | 3.6M | 3.66M | 3.64M | 3.45M | 3.16M | 2.76M | 2.63M | 2.54M |
| R&D % of Revenue | 11.19% | 10.39% | 3.62% | 14.05% | 16.11% | 16.46% | 14.54% | 13.46% | 14.17% | 13.8% | 16.85% | 14.74% | 18.53% | 13.67% | 10.34% | 8.74% | 7.97% | 7.31% | 7.6% | 7.52% |
| Other Operating Expenses | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.58M | -3.83M | -1.12M | -6.75M | -10.28M | -6.17M | -3.41M | -1.89M | -3.35M | -3.56M | -6.73M | -6.84M | -4.44M | -1M | 4.57M | 5.29M | 3.7M | 3.03M | 2.4M | 3.91M |
| Operating Margin % | -5.89% | -16.64% | -4.02% | -37.53% | -53.08% | -24.56% | -14.4% | -6.75% | -14.75% | -17.43% | -38.74% | -36.81% | -22.87% | -3.74% | 12.98% | 13.39% | 9.33% | 8.04% | 6.93% | 11.58% |
| Operating Income Growth % | 84.57% | 37.83% | 67.03% | -257.82% | -206.99% | -73.17% | 49.37% | 72.46% | 24.57% | -255.64% | -247.3% | -229.42% | -219.95% | -132.99% | 90.61% | 35.41% | 3.88% | 58.1% | 10.06% | 717.15% |
| EBITDA | 850K | -1.51M | 1.18M | -4.49M | -8.05M | -3.92M | -1.11M | 363K | -1.16M | -1.26M | -4.55M | -4.72M | -2.32M | 1.07M | 6.62M | 7.3M | 5.68M | 5.03M | 4.22M | 5.57M |
| EBITDA Margin % | 3.16% | -6.57% | 4.23% | -24.95% | -41.6% | -15.62% | -4.69% | 1.3% | -5.09% | -6.18% | -26.18% | -25.38% | -11.95% | 3.99% | 18.82% | 18.49% | 14.33% | 13.32% | 12.21% | 16.51% |
| EBITDA Growth % | 110.56% | 61.4% | 206.58% | -1335.54% | -597.14% | -210.78% | 75.58% | 107.69% | 50.19% | -218.16% | -168.65% | -164.65% | -140.81% | -78.75% | 56.92% | 31.05% | 10.18% | 52.84% | 33.04% | 283.41% |
| D&A (Non-Cash Add-back) | 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 |
| EBIT | -954K | -2.95M | -774K | -6.89M | -9.67M | -5.23M | -1.87M | -796K | -1.43M | -3.12M | -6.13M | -5.13M | -3.12M | 1.89M | 7.53M | 7.76M | 4.82M | 3.38M | 4.41M | 5.51M |
| Net Interest Income | -101K | -391K | -395K | -202K | -269K | -318K | -391K | -282K | -349K | -384K | -381K | -365K | -397K | -401K | -299K | -188K | -183K | -158K | -44K | -39K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 101K | 391K | 395K | 202K | 269K | 318K | 391K | 282K | 349K | 384K | 381K | 365K | 397K | 401K | 299K | 188K | 183K | 158K | 44K | 39K |
| Other Income/Expense | 530K | 495K | -46K | -350K | 333K | 621K | 1.15M | 807K | 1.57M | 53K | 211K | 1.35M | 919K | 2.49M | 2.66M | 2.28M | 933K | 188K | 1.97M | 1.6M |
| Pretax Income | -1.05M | -3.34M | -1.17M | -7.09M | -9.94M | -5.54M | -2.26M | -1.08M | -1.77M | -3.51M | -6.52M | -5.49M | -3.52M | 1.49M | 7.23M | 7.57M | 4.63M | 3.22M | 4.36M | 5.51M |
| Pretax Margin % | -3.92% | -14.49% | -4.18% | -39.47% | -51.36% | -22.08% | -9.56% | -3.86% | -7.82% | -17.17% | -37.52% | -29.53% | -18.13% | 5.57% | 20.55% | 19.18% | 11.68% | 8.54% | 12.61% | 16.33% |
| Income Tax | 430K | 501K | 504K | 579K | 74K | 113K | 626K | 121K | 274K | 252K | -101K | -139K | 148K | -3K | 501K | 1.03M | 660K | -411K | -135K | 893K |
| Effective Tax Rate % | -40.76% | -15.01% | -43.11% | -8.16% | -0.74% | -2.04% | -27.69% | -11.22% | -15.45% | -7.19% | 1.55% | 2.53% | -4.21% | -0.2% | 6.93% | 13.56% | 14.25% | -12.76% | -3.1% | 16.21% |
| Net Income | -1.62M | -3.55M | -1.91M | -7.01M | -8.8M | -5.09M | -2.94M | -1.52M | -2.08M | -3.62M | -5.82M | -5.09M | -3.35M | 1.34M | 5.76M | 5.55M | 3.17M | 2.96M | 3.8M | 4.38M |
| Net Margin % | -6.02% | -15.4% | -6.82% | -38.99% | -45.45% | -20.27% | -12.42% | -5.43% | -9.18% | -17.72% | -33.53% | -27.37% | -17.25% | 5% | 16.37% | 14.05% | 7.98% | 7.86% | 10.99% | 13% |
| Net Income Growth % | 81.59% | 30.27% | 35.1% | -362.27% | -322.37% | -40.51% | 49.56% | 70.21% | 37.78% | -370.02% | -201.11% | -191.76% | -205.78% | -54.77% | 51.55% | 26.48% | -7.59% | 43.65% | 283.45% | 1114.68% |
| Net Income (Continuing) | -1.49M | -3.84M | -1.67M | -7.67M | -10.02M | -5.66M | -2.89M | -1.2M | -2.05M | -3.76M | -6.42M | -5.35M | -3.67M | 1.5M | 6.73M | 6.54M | 3.97M | 3.63M | 4.5M | 4.62M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 62.09M | 61.34M | 61.31M | 60.92M | 61.13M | 62.14M | 65.49M | 63.44M | 64.01M | 65.16M | 63.85M | 64.59M | 68.34M | 68.14M | 68.21M | 70.41M | 71.81M | 68.7M | 67.99M | 67.56M |
| EPS (Diluted) | -0.03 | -0.08 | -0.04 | -0.16 | -0.20 | -0.12 | -0.07 | -0.04 | -0.05 | -0.09 | -0.14 | -0.12 | -0.09 | 0.03 | 0.13 | 0.13 | 0.07 | 0.07 | 0.09 | 0.10 |
| EPS Growth % | 84.8% | 33% | 35.6% | -341.99% | -304.04% | -33.33% | 50.64% | 69.83% | 42.64% | -396.05% | -207.69% | -192.31% | -216.31% | -56.57% | 44.44% | 30% | -7.25% | 40% | 350% | 900% |
| EPS (Basic) | -0.03 | -0.08 | -0.04 | -0.16 | -0.20 | -0.12 | -0.07 | -0.04 | -0.05 | -0.09 | -0.14 | -0.12 | -0.09 | 0.03 | 0.14 | 0.13 | 0.08 | 0.07 | 0.09 | 0.11 |
| Diluted Shares Outstanding | 53.32M | 44.72M | 43.84M | 43.71M | 43.55M | 43.38M | 43.16M | 43.09M | 42.99M | 42.85M | 42.64M | 42.59M | 42.5M | 42.7M | 42.98M | 42.51M | 42.66M | 42.75M | 42.68M | 42.73M |
| Basic Shares Outstanding | 53.32M | 44.72M | 43.84M | 43.71M | 43.55M | 43.38M | 43.16M | 43.09M | 42.99M | 42.85M | 42.64M | 42.59M | 42.5M | 42.38M | 42.16M | 42M | 41.87M | 41.76M | 41.46M | 41.25M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |