About AXT, Inc.
https://www.axt.comAXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology.

CEO
Morris S. Young
Compensation Summary
(Year 2019)
ETFs Holding This Stock
Summary
Showing Top 3 of 19
Ratings Snapshot
Rating : C
Most Recent Analyst Grades
Grade Summary
Showing Top 3 of 3
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:2.2M
Value:$48.68M

PACIFIC RIDGE CAPITAL PARTNERS, LLC
Shares:1.79M
Value:$39.64M

FIRST BEIJING INVESTMENT LTD
Shares:1.73M
Value:$38.24M
Summary
Showing Top 3 of 94
About AXT, Inc.
https://www.axt.comAXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $27.95M ▲ | $7.35M ▼ | $-1.91M ▲ | -6.82% ▲ | $-0.04 ▲ | $1.53M ▲ |
| Q2-2025 | $17.97M ▼ | $8.18M ▼ | $-7.01M ▲ | -38.99% ▲ | $-0.16 ▲ | $-4.63M ▲ |
| Q1-2025 | $19.36M ▼ | $9.03M ▼ | $-8.8M ▼ | -45.45% ▼ | $-0.2 ▼ | $-7.45M ▼ |
| Q4-2024 | $25.11M ▲ | $10.57M ▲ | $-5.09M ▼ | -20.27% ▼ | $-0.12 ▼ | $-2.98M ▼ |
| Q3-2024 | $23.64M | $9.09M | $-2.94M | -12.42% | $-0.07 | $426K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $23.11M ▼ | $334.03M ▲ | $93.58M ▲ | $179.15M ▼ |
| Q2-2025 | $27.01M ▼ | $329M ▼ | $88.37M ▲ | $179.71M ▼ |
| Q1-2025 | $31.58M ▲ | $333.48M ▼ | $87.31M ▲ | $185.04M ▼ |
| Q4-2024 | $22.83M ▼ | $339.31M ▼ | $84.41M ▼ | $192.77M ▼ |
| Q3-2024 | $24.9M | $355.58M | $89.36M | $200.73M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-1.91M ▲ | $-9.15M ▼ | $-2.17M ▼ | $5.19M ▲ | $-3.9M ▼ | $-11.33M ▼ |
| Q2-2025 | $-7.67M ▲ | $-4.58M ▼ | $-840K ▼ | $-321K ▼ | $-3.08M ▼ | $-4.86M ▼ |
| Q1-2025 | $-10.02M ▼ | $-3.35M ▼ | $-786K ▼ | $6.88M ▲ | $4.37M ▲ | $-3.86M ▼ |
| Q4-2024 | $-5.66M ▼ | $1.27M ▲ | $-441K ▼ | $-5.04M ▼ | $-4.98M ▼ | $1.1M ▲ |
| Q3-2024 | $-2.94M | $-5.42M | $454K | $824K | $-2.81M | $-6.36M |
Revenue by Products
| Product | Q3-2024 | Q1-2025 | Q3-2025 | Q2-2025 |
|---|---|---|---|---|
Raw Materials and Other | $0 ▲ | $0 ▲ | $10.00M ▲ | $10.00M ▲ |
Raw materials and others | $10.00M ▲ | $10.00M ▲ | $0 ▼ | $0 ▲ |
Substrates | $20.00M ▲ | $10.00M ▼ | $20.00M ▲ | $10.00M ▼ |
Revenue by Geography
| Region | Q3-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Asia Pacific Excluding China Taiwan and Japan | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
CHINA | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Europe | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
JAPAN | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
North America | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
TAIWAN | $0 ▲ | $0 ▲ | $0 ▲ | $10.00M ▲ |

CEO
Morris S. Young
Compensation Summary
(Year 2019)
ETFs Holding This Stock
Summary
Showing Top 3 of 19
Ratings Snapshot
Rating : C
Most Recent Analyst Grades
Grade Summary
Showing Top 3 of 3
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:2.2M
Value:$48.68M

PACIFIC RIDGE CAPITAL PARTNERS, LLC
Shares:1.79M
Value:$39.64M

FIRST BEIJING INVESTMENT LTD
Shares:1.73M
Value:$38.24M
Summary
Showing Top 3 of 94






