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AXT AXTI Financed construction projects

Financed construction projects at other companies

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Restoration HardwareRH
$30.48M+88.4%
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EastGroup PropertiesEGP
$5.27M+4,694%
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PBF EnergyPBF
$141.5M+40.1%
AXT
AXTAXTI
$137K
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Public StoragePSA
$16.57M+355%
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MacerichMAC
$63.68M+30.2%

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$4.83B+4,757%
Enterprise value$4.85B+3,751%
P/S50.4×+49.2×

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:ConstructionInProgressExpendituresIncurredButNotYetPaid.

The source filing: AXT’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-017054
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Net cash provided by financing activities7,9946,882
Effect of exchange rate changes on cash, restricted cash and cash equivalents4531,623
Net decrease in cash, restricted cash and cash equivalents(70,497)4,373
Cash, restricted cash and cash equivalents at the beginning of the year128,36633,811
Cash, restricted cash and cash equivalents at the end of the period$57,869$38,184
Supplemental disclosure of non-cash flow information:
Notes receivables paid to purchase fixed assets$1,519$1,165
Consideration payable in connection with construction in progress, included in accrued liabilities$137

Document

FAQ

What is AXT's financed construction projects?
AXT (AXTI) reported financed construction projects of $137K in Q1 2026.
What is the long-term trend for AXT's financed construction projects?
Over 2 years (2021 to 2025), AXT's financed construction projects has grown at a -38.4% compound annual growth rate (CAGR), from $2.97M to $1.13M.
What does financed construction projects mean?
This metric captures capital expenditures related to ongoing construction projects that have been incurred but remain unpaid at the end of the reporting period. It provides a more accurate view of total capital investment commitments than cash-based metrics alone. Investors use this to gauge the pace of infrastructure development and future capacity expansion.

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