For the quarter ending 2026-03-31, AXTI has $444,598K in assets. $107,632K in debts. $41,769K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 41,769 | 120,266 | 23,110 | 27,007 |
| Restricted cash | 16,100 | 8,100 | 8,100 | 8,100 |
| Short-term investments | 65,375 | - | - | - |
| Accounts receivable, net of allowances for credit losses of 164 and 164 as of march 31, 2026 and december 31, 2025 | 32,016 | 26,849 | 33,837 | 22,794 |
| Inventories | 90,168 | 81,651 | 77,656 | 80,063 |
| Prepaid expenses and other current assets | 8,347 | 9,690 | 7,052 | 6,996 |
| Total current assets | 253,775 | 246,556 | 149,755 | 144,960 |
| Property, plant and equipment, net | 164,622 | 161,860 | 159,283 | 159,714 |
| Operating lease right-of-use assets | 1,854 | 1,982 | 2,103 | 2,233 |
| Other assets | 24,347 | 23,353 | 22,893 | 22,096 |
| Total assets | 444,598 | 433,751 | 334,034 | 329,003 |
| Accounts payable | 16,141 | 12,947 | 10,848 | 11,242 |
| Accrued liabilities | 12,864 | 14,798 | 12,502 | 12,372 |
| Short-term loans | 68,871 | 62,796 | 61,547 | 55,928 |
| Total current liabilities | 97,876 | 90,541 | 84,897 | 79,542 |
| Long-term portion of lease obligations | 1,309 | 1,441 | 1,587 | 1,714 |
| Other long-term liabilities | 8,447 | 7,138 | 7,094 | 7,116 |
| Total liabilities | 107,632 | 99,120 | 93,578 | 88,372 |
| Redeemable noncontrolling interests (note 18) | 38,516 | 38,056 | 38,111 | 38,010 |
| Preferred stock series a, 0.001 par value 2,000 shares authorized 883 shares issued and outstanding as of march 31, 2026 and december 31, 2025 (liquidation preference of 8,273 and 8,229 as of march 31, 2026 and december 31, 2025) | 3,532 | 3,532 | 3,532 | 3,532 |
| Common stock, 0.001 par value 70,000 shares authorized 55,579 and 55,237 shares issued and outstanding as of march 31, 2026 and december 31, 2025 | 56 | 55 | 46 | 46 |
| Additional paid-in capital | 342,434 | 339,922 | 243,606 | 242,776 |
| Accumulated deficit | -66,544 | -64,924 | -61,376 | -59,470 |
| Accumulated other comprehensive loss | -4,604 | -5,295 | -6,660 | -7,170 |
| Total axt, inc. stockholders equity | 274,874 | 273,290 | 179,148 | 179,714 |
| Noncontrolling interests | 23,576 | 23,285 | 23,197 | 22,907 |
| Total stockholders equity | 298,450 | 296,575 | 202,345 | 202,621 |
| Total liabilities, redeemable noncontrolling interests and stockholders equity | 444,598 | 433,751 | 334,034 | 329,003 |
AXT INC (AXTI)
AXT INC (AXTI)