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AXT AXTI Operating Income

Discontinued — last reported Q1 '25

Operating Income at other companies

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$20.28M-30.0%

Other financials

Income statement

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Revenue$26.9M+39.1%
Gross profit-$1.2M-120%
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$4.92B+5,110%
Enterprise value$4.94B+3,984%
P/S51.3×+50.2×

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

Reported directly by AXT in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: AXT’s 10-Q, filed May 14, 2025.

Filed
May 14, 2025
Fiscal quarter
Q1 FY2025
Calendar quarter
Q1 2025
Accession
0001558370-25-007751
Line itemThree Months Ended / March 31, 2025Three Months Ended / March 31, 2024
Selling, general and administrative5,9166,227
Research and development3,1183,214
Total operating expenses9,0349,441
Loss from operations(10,275)(3,347)
Interest expense, net(269)(349)
Equity in income of unconsolidated joint ventures248890
Other income, net3541,032
Loss before provision for income taxes(9,942)(1,774)

Item 1. Financial Statements (unaudited)

FAQ

What is AXT's operating income?
AXT (AXTI) reported operating income of -$10.28M in Q1 2025.
How has AXT's operating income changed year-over-year?
AXT's operating income decreased by 207.0% year-over-year, from -$3.35M to -$10.28M.
What is the long-term trend for AXT's operating income?
Over 3 years (2021 to 2024), AXT's operating income has grown at a 4.7% compound annual growth rate (CAGR), from $12.9M to -$14.8M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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