What is AXT's gross profit?

AXT (AXTI) reported gross profit of -$1.24M in Q1 2025.

How has AXT's gross profit changed year-over-year?

AXT's gross profit decreased by 120.4% year-over-year, from $6.09M to -$1.24M.

What is the long-term trend for AXT's gross profit?

Over 3 years (2021 to 2024), AXT's gross profit has grown at a -20.5% compound annual growth rate (CAGR), from $47.41M to $23.84M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

AXT AXTI Gross Profit

Discontinued — last reported Q1 '25

Gross Profit at other companies

Veeco InstrumentsVECO

$55.83M-18.5%

EntegrisENTG

$380.8M+6.8%

Applied MaterialsAMAT

$3.95B+13.3%

KLA CorporationKLAC

$2.09B+10.6%

Element SolutionsESI

$322.7M+28.8%

Axcelis TechnologiesACLS

$80.58M-9.2%

Other financials

Income statement

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Revenue$26.9M+39.1%

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%

Free cash flow-$13.1M-239%

Valuation

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Market cap$5.53B+4,825%

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.

$19.4Mtotal revenue−$20.6Mtotal cost of revenue=-$1.24M

The official record: AXT’s 10-Q, filed May 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's gross profit?: AXT (AXTI) reported gross profit of -$1.24M in Q1 2025.
How has AXT's gross profit changed year-over-year?: AXT's gross profit decreased by 120.4% year-over-year, from $6.09M to -$1.24M.
What is the long-term trend for AXT's gross profit?: Over 3 years (2021 to 2024), AXT's gross profit has grown at a -20.5% compound annual growth rate (CAGR), from $47.41M to $23.84M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.