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AXT AXTI Free cash flow

Free cash flow at other companies

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Applied MaterialsAMAT
$210M-80.2%
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$622.26M-37.1%
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Other financials

Income statement

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Revenue$26.9M+39.1%
Gross profit-$1.2M-120%
Operating income-$10.3M-207%
Net income-$1.5M+83.1%
EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%
Total debt$65.7M+23.6%
Total equity$274.9M+48.6%
Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%
CapEx$1.4M+169%

Valuation

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Market cap$5.53B+4,825%
Enterprise value$5.56B+3,616%
P/S57.7×+56.5×

Profitability

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Gross margin17.2%-0.9pp
Operating margin-22.6%-2.5pp
Net margin-15.3%-2.5pp
FCF margin-30.5%

Returns & leverage

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Return on equity-6.4%-1.6pp
Debt / equity0.2×0.0×
Current ratio2.6×+0.6×

Where this comes from

Calculated from AXT’s reported figures.

The official record: AXT’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's free cash flow?
AXT (AXTI) reported free cash flow of -$13.06M in Q1 2026.
How has AXT's free cash flow changed year-over-year?
AXT's free cash flow decreased by 238.6% year-over-year, from -$3.86M to -$13.06M.
What is the long-term trend for AXT's free cash flow?
Over 2 years (2021 to 2025), AXT's free cash flow has grown at a -22.0% compound annual growth rate (CAGR), from -$32.95M to -$20.04M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.