The table below shows AXT INC's income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$88.33M
$99.36M
$75.80M
$141.12M
$137.39M
$95.36M
Cost of revenue
$77.08M
$75.53M
$62.48M
$89.00M
$89.98M
$65.09M
Gross profit
$11.24M
$23.84M
$13.32M
$52.12M
$47.41M
$30.27M
R&D
$9.05M
$14.54M
$12.08M
$13.91M
$10.33M
$7.13M
AXTI annual revenue (10-K history)
AXT INC reported annual revenue of $88.33M for fiscal year 2025. That is down 11.1% from $99.36M in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $81.35M (FY 2016) to $88.33M. Figures come from the company's audited annual reports as filed with the SEC.