Business
AXT makes high-performance compound and single-element semiconductor substrates and sells related raw materials.
AXT sales fell, losses widened, cash burn worsened, equity rose, and insider activity was sales-only.
The read at a glance✓ Audited against SEC data
- Business mix — Compound semiconductor substrates and raw materialsNote
- Revenue — Revenue fell 11.1%Watch
- Losses — Net loss widened to $21.3MWatch
- Cash — Free cash flow worsened to -$18.8MWatch
- Balance sheet — Equity rose 41.8%OK
- Insiders — 0 buys / 34 sellsWatch
- Accounting — Altman-Z grey; other screens safeNote
Where the revenue comes from
Fiscal 2025, as AXT INC reports it. History and quarterly detail are in the app.
- Substrates$58.9M
- Raw Materials and Other$29.4M
Leadership changes
From AXT INC's own filings, the day they're filed.
- Leonard J. LeBlanc · directors · appointmenteff. 2025-07-29
- Leonard J. Leblanc · directors · appointmenteff. 2025-07-29
- Jesse Chen · Chair of the Audit Committee · appointmenteff. 2025-07-29
Latest filings
- 10-Q · Quarterly report2026-08-13
- 8-K · Company announcement2026-07-30
- 8-K · Company announcement2026-07-29
- 8-K · Company announcement2026-07-29
- 8-K · Company announcement2026-07-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about AXT INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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