For the quarter ending 2026-03-31, AXTI had -$70,497K decrease in cash & cash equivalents over the period. -$13,056K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -1,485 | -3,839 | -1,673 | -7,674 |
| Depreciation and amortization | 2,435 | 2,319 | 2,306 | 2,260 |
| Amortization of marketable securities premium | -44 | 0 | - | - |
| Stock-based compensation | 1,035 | 1,275 | 738 | 633 |
| Provision for credit losses | - | 0 | - | - |
| Loss on sale of equity investment | - | 0 | - | - |
| Gain on disposal of equipment | 20 | -10 | 0 | 4 |
| Return of equity method investments as dividends | - | 0 | 0 | 868 |
| Gain from equity method and fair value investments | - | - | 515 | 77 |
| Equity in income of unconsolidated joint ventures | 353 | 517 | - | - |
| Deferred tax assets | 97 | -37 | -13 | -38 |
| Accounts receivable | 4,860 | -7,310 | 10,885 | -317 |
| Inventories | 7,419 | 2,757 | -2,885 | -1,204 |
| Prepaid expenses and other current assets | 85 | 2,749 | 1,196 | -800 |
| Other assets | 512 | -38 | 153 | 2,941 |
| Accounts payable | 2,993 | 1,900 | -463 | 8 |
| Accrued liabilities | -1,742 | 2,336 | 79 | 691 |
| Other long-term liabilities | -1,812 | -1,343 | -261 | -4,004 |
| Net cash used in operating activities | -11,684 | 4,290 | -9,151 | -4,576 |
| Purchases of property, plant and equipment | 1,372 | 3,031 | 2,175 | 279 |
| Proceeds from sales and maturities of available-for-sale debt securities | - | 0 | 0 | 0 |
| Proceeds from sales of equity securities - 15 jia mei | - | 0 | - | - |
| Purchases of available-for-sale debt securities | 65,888 | - | - | - |
| Investments in non-marketable equity investments | 0 | 0 | 0 | 561 |
| Net cash used in investing activities | -67,260 | -3,031 | -2,175 | -840 |
| Proceeds from issuance of common stock and options exercised, net of issuance costs | - | -95,155 | - | - |
| Proceeds from common stock options exercised | 1,382 | - | 96 | 0 |
| Proceeds from short-term bank loans | 20,928 | 15,304 | 18,835 | 10,746 |
| Payments on short-term bank loans | 16,566 | 14,935 | 13,476 | 10,908 |
| Proceeds from capital increase in subsidiary shares from noncontrolling interests | - | 0 | - | - |
| Proceeds from long-term loans | 2,897 | 286 | 422 | 0 |
| Payments on long-term loans | 743 | 372 | 685 | 159 |
| Net cash provided by financing activities | 7,994 | 95,342 | 5,192 | -321 |
| Effect of exchange rate changes on cash, restricted cash and cash equivalents | 453 | 555 | 2,237 | 4,283 |
| Net decrease in cash, restricted cash and cash equivalents | -70,497 | 97,156 | -3,897 | -3,077 |
| Cash, restricted cash and cash equivalents at the beginning of the year | 128,366 | 31,210 | 35,107 | 38,184 |
| Cash, restricted cash and cash equivalents at the end of the period | 57,869 | 128,366 | 31,210 | 35,107 |
AXT INC (AXTI)
AXT INC (AXTI)