What is AXT's quick ratio?

AXT (AXTI) reported quick ratio of 1.7× in Q1 2026.

How has AXT's quick ratio changed year-over-year?

AXT's quick ratio increased by 82.0% year-over-year, from 0.9× to 1.7×.

What is the long-term trend for AXT's quick ratio?

Over 5 years (2020 to 2025), AXT's quick ratio has grown at a -8.8% compound annual growth rate (CAGR), from 2.9× to 1.8×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

AXT AXTI Quick ratio

Quick ratio at other companies

Veeco InstrumentsVECO

2.9×-0.2×

EntegrisENTG

2.1×+0.1×

Applied MaterialsAMAT

1.8×0.0×

KLA CorporationKLAC

2.1×+0.4×

Element SolutionsESI

1.9×-1.3×

Axcelis TechnologiesACLS

3×-1.1×

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%

Free cash flow-$13.1M-239%

Valuation

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Market cap$5.1B+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.

quick assets/total current liabilities=1.7×

Based on the most recent quarter.

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 quick ratio?: AXT (AXTI) reported quick ratio of 1.7× in Q1 2026.
How has AXT's quick ratio changed year-over-year?: AXT's quick ratio increased by 82.0% year-over-year, from 0.9× to 1.7×.
What is the long-term trend for AXT's quick ratio?: Over 5 years (2020 to 2025), AXT's quick ratio has grown at a -8.8% compound annual growth rate (CAGR), from 2.9× to 1.8×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.