Quick Answer
AXT INC reported R&D Expense of $9.05 million for fiscal year 2025.
AXT INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $9.05M | -37.8% |
| 2024 | $14.54M | +20.4% |
| 2023 | $12.08M | -13.2% |
| 2022 | $13.91M | +34.7% |
| 2021 | $10.33M | +44.8% |
| 2020 | $7.13M | +22.3% |
| 2019 | $5.83M | -1.1% |
| 2018 | $5.90M | +22.2% |
| 2017 | $4.83M | -17.5% |
| 2016 | $5.85M | +3.3% |
| 2015 | $5.66M | +36.7% |
| 2014 | $4.14M | +21.0% |
| 2013 | $3.42M | -1.3% |
| 2012 | $3.47M | +40.2% |
| 2011 | $2.47M | +5.7% |
| 2010 | $2.34M | +49.1% |
| 2009 | $1.57M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $1.01M | -70.5% | -59.9% |
| June 30, 2025 | $2.52M | -32.8% | -19.0% |
| March 31, 2025 | $3.12M | -3.0% | -9.3% |
| September 30, 2024 | $3.44M | +17.5% | -8.5% |
| June 30, 2024 | $3.76M | +37.2% | +16.9% |
| March 31, 2024 | $3.21M | -10.6% | +9.8% |
| September 30, 2023 | $2.93M | -19.6% | +6.8% |
| June 30, 2023 | $2.74M | -20.6% | -23.8% |
- AXT INC showed a decrease of -37.8% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2025 period, AXT INC’s r&d expense has grown by 476.7% (from $1.57 million to $9.05 million).
- The most recent figure is from AXT INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 17, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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