To the full analysis
AXT stock: growth
AXTIAXT reported $88.33M in revenue for fiscal 2025, down 11.1% on the prior year, down 1.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
3.7%
per year from 2006 to 2025, per share 0.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | −1.5% | 1.3% | 3.7% |
| Revenue per share | −3.3% | −1.8% | 0.3% |
| Earnings | no data | no data | no data |
| Earnings per share | no data | no data | no data |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $44.45M | $944K | −$14.72M |
| 2007 | $58.2M | $5.29M | −$2.39M |
| 2008 | $73.08M | −$689K | −$12.51M |
| 2009 | $55.36M | −$1.9M | $2.7M |
| 2010 | $95.49M | $18.65M | $4.62M |
| 2011 | $104.12M | $20.32M | $5.03M |
| 2012 | $88.37M | $3.11M | $14.22M |
| 2013 | $85.34M | −$7.96M | −$2.92M |
| 2014 | $83.5M | −$1.39M | $1.85M |
| 2015 | $77.5M | −$2.23M | −$2.27M |
| 2016 | $81.35M | $5.64M | $9.78M |
| 2017 | $98.67M | $10.15M | −$12.74M |
| 2018 | $102.4M | $9.65M | −$37.32M |
| 2019 | $83.26M | −$2.6M | −$9.13M |
| 2020 | $95.36M | $3.24M | −$13.99M |
| 2021 | $137.39M | $14.58M | −$32.95M |
| 2022 | $141.12M | $15.81M | −$37.23M |
| 2023 | $75.8M | −$17.88M | −$7.07M |
| 2024 | $99.36M | −$11.62M | −$17.88M |
| 2025 | $88.33M | −$21.26M | −$18.78M |
Revenue by segment
How AXT, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Substrates$58.9M67%
- Raw Materials and Other$29.4M33%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Substrates | $58.9M | 66.7% |
| Raw Materials and Other | $29.43M | 33.3% |
| Total revenue | $88.33M | 100% |
Revenue by region
Where AXT, Inc. generates its revenue.
- China$55.1M62%
- Taiwan$13.0M15%
- Europe$11.2M13%
- Japan$4.9M6%
- Asia Pacific Excluding China, Taiwan and Japan$2.4M3%
- North America$1.7M2%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| China | $55.08M | 62.4% |
| Taiwan | $13.04M | 14.8% |
| Europe | $11.16M | 12.6% |
| Japan | $4.91M | 5.6% |
| Asia Pacific Excluding China, Taiwan and Japan | $2.44M | 2.8% |
| North America | $1.71M | 1.9% |
| Total revenue | $88.33M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 28 Feb 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.