AXT Inc

AXTI Technology Semiconductor Equipment & Materials

AXT Inc’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, down 11.1% from fiscal 2024.

Revenue
+162.6%
EPS
+1,265.3%
Free cash flow
+173.3%
Total debt
+17.7%

Quarter to September 2026, against a year earlier

38.19 1.47 +4.00%
Market cap
$2.4B
P/E
70.3×
Fwd P/E
49.2×
Dividend yield
—
F-score
3/9
Altman Z
3.40
Beneish M
−2.10
Dividend safety
n/a

AXT Inc (AXTI) Free cash flow

Alert me on Free cash flow

AXT Inc's free cash flow for fiscal 2025 was −$18.8M, compared with −$17.9M in fiscal 2024. Over the twelve months to 30 June 2026 it was −$19.6M. Over the past ten years it has ranged from −$37.2M (fiscal 2022) to $9.8M (fiscal 2016); the current reading is higher than 36% of that period. AXT Inc ranks 26th of 29 Semiconductor Equipment & Materials companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 −$18.8M —
FY2024 −$17.9M —
FY2023 −$7.1M —
FY2022 −$37.2M —
FY2021 −$33.0M —
FY2020 −$14.0M —
FY2019 −$9.1M —
FY2018 −$37.2M —
FY2017 −$12.7M —
FY2016 $9.8M —

Quarterly newest first

Period Free cash flow Change
Jun 2026 $3.6M —
Mar 2026 −$13.1M —
Dec 2025 $1.3M —
Sep 2025 −$11.3M —
42 more quarters

Against its own ten years

Low −$37.2M High $9.8M
Ten-year median −$14.0M
Current reading's percentile 36

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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