Company / R&D Expense
AXT INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$9.0M
FY2025
5-year range
$5.8M / $14.5M
FY2021-FY2025
Trend
-37.8%
vs FY2024
Sector context
#259 of 264
Information Technology
What the data says
Among 264 Information Technology companies, AXT INC is in the bottom 2% for r&d expense. R&D Expense has fluctuated over the past 10 years, ranging from $5M in FY2019 to $15M in FY2024.
Based on SEC 10-K filings.
$9M in FY2025 with a 5-year CAGR of +8.9%.
Declined from $10M to $9M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +8.2%
- 5-Year CAGR
- +8.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in Information TechnologyTop 98% of 264This company $9.0M Sector average $924.6M
▼
-99.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +8.9%, indicating consistent growth.
- In FY2025, r&d expense decreased 37.8% year-over-year.
- Ranks #259 out of 264 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.89 (distress zone, below 1.8 threshold)
- Negative profit margin: -11.7%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.0M | -37.8% |
| FY2024 | $14.5M | +40.8% |
| FY2023 | $10.3M | +44.8% |
| FY2022 | $7.1M | +22.3% |
| FY2021 | $5.8M | -1.1% |
| FY2020 | $5.9M | +22.2% |
| FY2019 | $4.8M | -17.5% |
| FY2018 | $5.8M | +3.3% |
| FY2017 | $5.7M | -3.2% |
| FY2016 | $5.8M | +70.9% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026