Financial Statements — AXTI
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.41 | 0.04 | 0.02 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 | 0.06 |
| Short-term Investments | 0.01 | 0.07 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Accounts Receivable | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 |
| Inventory | 0.10 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 | 0.06 | 0.05 |
| Total Current Assets | 0.60 | 0.25 | 0.15 | 0.14 | 0.15 | 0.17 | 0.17 | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 |
| Property, Plant & Equipment | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.13 | 0.13 | 0.12 |
| Total Non-current Assets* | 0.50 | 0.19 | 0.18 | 0.18 | 0.18 | 0.19 | 0.18 | 0.19 | 0.18 | 0.18 | 0.19 | 0.18 | 0.18 | 0.18 | 0.16 | 0.14 | 0.14 |
| Total Assets | 1.10 | 0.44 | 0.33 | 0.33 | 0.33 | 0.36 | 0.35 | 0.35 | 0.34 | 0.35 | 0.37 | 0.36 | 0.36 | 0.34 | 0.32 | 0.31 | 0.30 |
| Accounts Payable | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 |
| Short-term Debt | 0.08 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.13 | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 |
| Total Non-current Liabilities* | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.15 | 0.11 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 |
| Retained Earnings | (0.06) | (0.07) | (0.06) | (0.06) | (0.05) | (0.04) | (0.04) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.02) | (0.03) | (0.03) | (0.04) | (0.04) |
| Total Stockholder Equity | 0.89 | 0.27 | 0.18 | 0.18 | 0.19 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.20 | 0.20 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 47.59 | 26.92 | 23.04 | 27.96 | 17.97 | 19.36 | 25.11 | 23.65 | 27.92 | 22.69 | 20.43 | 17.37 | 18.60 | 19.41 | 26.80 | 35.18 | 39.49 | 39.65 | 37.73 | 34.58 |
| Cost of Revenue | 26.22 | 18.95 | 18.22 | 21.73 | 16.54 | 20.60 | 20.70 | 17.96 | 20.27 | 16.59 | 15.80 | 15.50 | 16.88 | 14.30 | 18.20 | 20.40 | 24.05 | 26.35 | 25.59 | 23.08 |
| Gross Profit | 21.37 | 7.98 | 4.83 | 6.22 | 1.43 | (1.24) | 4.41 | 5.68 | 7.65 | 6.09 | 4.63 | 1.87 | 1.72 | 5.11 | 8.60 | 14.78 | 15.44 | 13.31 | 12.14 | 11.50 |
| Research & Development | 3.65 | 3.01 | 2.39 | 1.01 | 2.53 | 3.12 | 4.13 | 3.44 | 3.76 | 3.21 | 2.82 | 2.93 | 2.74 | 3.60 | 3.66 | 3.64 | 3.45 | 3.16 | 2.76 | 2.63 |
| Selling, General & Admin | 7.29 | 6.55 | 6.27 | 6.33 | 5.65 | 5.92 | 6.44 | 5.65 | 5.78 | 6.23 | 5.37 | 5.67 | 5.82 | 5.95 | 5.94 | 6.58 | 6.69 | 6.45 | 6.35 | 6.48 |
| Total Operating Expenses | 10.94 | 9.56 | 8.66 | 7.35 | 8.18 | 9.03 | 10.57 | 9.09 | 9.54 | 9.44 | 8.19 | 8.59 | 8.56 | 9.55 | 9.60 | 10.22 | 10.15 | 9.61 | 9.11 | 9.11 |
| Operating Income | 10.42 | (1.58) | (3.83) | (1.12) | (6.74) | (10.27) | (6.16) | (3.41) | (1.88) | (3.35) | (3.56) | (6.73) | (6.84) | (4.44) | (1.00) | 4.57 | 5.29 | 3.70 | 3.03 | 2.40 |
| Pretax Income | 15.13 | (1.05) | (3.34) | (1.17) | (7.09) | (9.94) | (5.54) | (2.26) | (1.08) | (1.77) | (3.51) | (6.52) | (5.49) | (3.52) | 1.49 | 7.23 | 7.57 | 4.63 | 3.22 | 4.36 |
| Tax Provision | 2.10 | 0.43 | 0.50 | 0.50 | 0.58 | 0.07 | 0.11 | 0.63 | 0.12 | 0.27 | 0.25 | (0.10) | (0.14) | 0.15 | -0.00 | 0.50 | 1.03 | 0.66 | (0.41) | (0.13) |
| Net Income | 11.13 | (1.62) | (3.55) | (1.91) | (7.01) | (8.80) | (5.09) | (2.94) | (1.52) | (2.08) | (3.62) | (5.82) | (5.09) | (3.35) | 1.34 | 5.76 | 5.55 | 3.17 | 2.97 | 3.80 |
| Basic EPS | 0.18 | (0.03) | (0.09) | (0.04) | (0.16) | (0.20) | (0.11) | (0.07) | (0.04) | (0.05) | (0.08) | (0.14) | (0.12) | (0.08) | 0.03 | 0.14 | 0.13 | 0.07 | 0.07 | 0.09 |
| Diluted EPS | 0.17 | (0.03) | (0.09) | (0.04) | (0.16) | (0.20) | (0.11) | (0.07) | (0.04) | (0.05) | (0.08) | (0.14) | (0.12) | (0.08) | 0.04 | 0.13 | 0.13 | 0.07 | 0.07 | 0.09 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 10.78 | (11.68) | 4.29 | (9.15) | (4.58) | (3.35) | 1.27 | (5.42) | 0.84 | (8.81) | 1.43 | (0.79) | 4.30 | (1.53) | 0.54 | (14.84) | 14.44 | (8.91) | 7.43 | (0.17) |
| Capital Expenditures | 7.23 | 1.37 | 3.03 | 2.17 | 0.28 | 0.51 | 0.17 | 0.94 | 0.27 | 4.39 | (0.70) | 4.39 | 3.18 | 3.62 | (0.30) | 7.91 | 14.56 | 6.29 | 10.55 | 6.06 |
| Free Cash Flow* | 3.56 | (13.06) | 1.26 | (11.33) | (4.86) | (3.86) | 1.10 | (6.36) | 0.57 | (13.20) | 2.13 | (5.18) | 1.12 | (5.15) | 0.84 | (22.75) | (0.12) | (15.20) | (3.12) | (6.23) |
| Investing Cash Flow | (246.90) | (67.26) | (3.03) | (2.17) | (0.84) | (0.79) | (0.44) | 0.45 | (0.55) | (3.91) | 2.24 | (1.78) | (2.35) | (0.71) | 0.30 | (7.15) | (12.08) | (6.29) | (13.26) | (12.75) |
| Financing Cash Flow | 621.36 | 7.99 | 95.34 | 5.19 | (0.32) | 6.88 | (5.04) | 0.82 | 1.68 | 2.00 | 6.37 | 0.57 | (4.10) | 5.77 | 2.76 | 13.24 | 14.12 | 7.92 | (1.35) | 3.86 |
* Derived from reported values
