Demonstrações financeiras detalhadas de AXT, Inc. (AXTI): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
AXT, Inc. registou receitas de $88.3M no último exercício, com um CAGR de 5 anos de -1.5%.
Margens dos últimos 12 meses: margem bruta 32.2%, margem operacional 3.1%, margem líquida 3.2%.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $81.3M | $98.7M | $102.4M | $83.3M | $95.4M | $137.4M | $141.1M | $75.8M | $99.4M | $88.3M |
| Custo da Receita | $55.0M | $64.2M | $65.3M | $58.4M | $65.1M | $90.0M | $89.0M | $62.5M | $75.5M | $77.1M |
| Lucro Bruto | $26.4M | $34.5M | $37.0M | $24.8M | $30.3M | $47.4M | $52.1M | $13.3M | $23.8M | $11.2M |
| P&D | $5.8M | $4.8M | $5.9M | $5.8M | $7.1M | $10.3M | $13.9M | $12.1M | $14.5M | $9.0M |
| Despesas Gerais e Administrativas | $13.9M | $17.0M | $19.0M | $19.3M | $19.2M | $24.2M | $25.7M | $22.8M | $24.1M | $24.2M |
| Despesas Operacionais | $19.7M | $21.8M | $24.9M | $25.1M | $26.3M | $34.5M | $39.6M | $34.9M | $38.6M | $33.2M |
| Lucro Operacional | $6.4M | $12.6M | $12.1M | -$314000 | $3.9M | $12.9M | $12.6M | -$21.6M | -$14.8M | -$22.0M |
| EBITDA | $11.5M | $17.1M | $17.0M | $4.6M | $11.6M | $25.1M | $30.1M | -$8.8M | -$338000 | -$11.2M |
| Despesas com Juros | 0 | 0 | 0 | 0 | $179000 | $213000 | $1.1M | $1.5M | $1.3M | $1.3M |
| Lucro Antes de Impostos | $5.7M | $10.9M | $11.9M | -$1.0M | $7.1M | $17.6M | $20.9M | -$19.0M | -$10.7M | -$21.5M |
| Imposto | $733000 | $792000 | $938000 | $562000 | $2.0M | $1.1M | $2.2M | $160000 | $1.1M | $1.7M |
| Lucro Líquido | $5.6M | $10.1M | $9.7M | -$2.6M | $3.2M | $14.6M | $15.8M | -$17.9M | -$11.6M | -$21.3M |
| LPA | $0.17 | $0.27 | $0.25 | $-0.04 | $0.08 | $0.35 | $0.37 | $-0.42 | $-0.27 | $-0.49 |
| LPA Diluído | $0.17 | $0.26 | $0.24 | $-0.04 | $0.07 | $0.34 | $0.37 | $-0.42 | $-0.27 | $-0.49 |
| Ações em Circulação (Diluídas) | $32.9M | $39.0M | $40.3M | $39.5M | $41.0M | $42.7M | $42.7M | $42.6M | $43.2M | $43.9M |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $36.2M | $44.4M | $16.5M | $26.9M | $72.6M | $36.8M | $34.9M | $37.8M | $22.8M | $120.3M |
| Investimentos de Curto Prazo | $11.4M | $20.0M | $22.1M | $9.4M | $240000 | $5.4M | $9.3M | $2.1M | 0 | 0 |
| Contas a Receber | $14.5M | $22.8M | $19.6M | $19.0M | $24.6M | $34.8M | $29.3M | $19.3M | $25.6M | $26.8M |
| Estoque | $40.2M | $45.8M | $58.6M | $49.2M | $51.5M | $65.9M | $89.6M | $86.5M | $85.1M | $81.7M |
| Ativos Circulantes | $107.3M | $140.5M | $128.5M | $113.2M | $164.5M | $160.2M | $183.5M | $170.7M | $158.3M | $246.6M |
| Imobilizado | $27.8M | $46.5M | $82.3M | $100.3M | $118.5M | $144.7M | $162.8M | $169.1M | $162.2M | $163.8M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | $1.1M | $1.0M | $1.1M | $1.7M | $2.1M | $1.9M | $1.8M | $1.7M | $1.7M |
| Ativos Totais | $154.2M | $211.2M | $223.5M | $223.3M | $298.9M | $332.4M | $370.1M | $358.7M | $339.3M | $433.8M |
| Contas a Pagar | $6.7M | $11.4M | $13.3M | $10.1M | $12.7M | $16.6M | $10.1M | $9.6M | $12.4M | $12.9M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $5.7M | $10.4M | $14.1M | $47.1M | $52.9M | $47.3M | $62.8M |
| Passivos Circulantes | $13.1M | $22.6M | $28.7M | $27.5M | $39.1M | $47.8M | $75.3M | $81.6M | $74.2M | $90.5M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $14.0M | $22.9M | $29.0M | $30.6M | $43.3M | $52.2M | $80.3M | $89.6M | $84.4M | $99.1M |
| Reservas | -$65.0M | -$54.8M | -$45.2M | -$47.8M | -$44.5M | -$30.0M | -$14.2M | -$32.0M | -$43.7M | -$64.9M |
| Patrimônio Líquido | $135.9M | $183.8M | $190.8M | $187.9M | $192.6M | $211.5M | $221.6M | $204.0M | $192.8M | $273.3M |
| Dívida Total | 0 | 0 | 0 | $8.8M | $13.2M | $16.5M | $48.9M | $55.7M | $49.8M | $64.8M |
| Dívida Líquida | -$47.6M | -$64.4M | -$38.7M | -$27.6M | -$59.6M | -$25.6M | $4.6M | $15.8M | $26.9M | -$55.5M |
| Capital de Giro | $94.2M | $117.9M | $99.8M | $85.7M | $125.4M | $112.4M | $108.2M | $89.1M | $84.1M | $156.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $5.0M | $10.1M | $11.0M | -$1.6M | $5.0M | $16.5M | $18.7M | -$17.9M | -$11.8M | 0 |
| Depreciação e Amortização | $4.9M | $4.4M | $4.9M | $5.5M | $4.3M | $7.1M | $8.1M | $8.7M | $9.0M | $9.1M |
| Compensação em Ações | $1.1M | $1.4M | $1.9M | $2.3M | $2.6M | $4.5M | $4.0M | $3.5M | $3.1M | $3.3M |
| Variação Capital de Giro | -$401000 | -$9.1M | -$15.7M | $4.0M | -$6.3M | -$30.3M | -$35.2M | $7.0M | -$11.7M | -$2.0M |
| Fluxo de Caixa Operacional | $12.5M | $8.6M | $3.2M | $12.7M | $5.9M | -$3.3M | -$8.8M | $3.4M | -$12.1M | -$12.8M |
| CapEx | -$2.7M | -$21.4M | -$40.5M | -$21.8M | -$19.9M | -$29.6M | -$28.5M | -$10.5M | -$5.8M | -$6.0M |
| Aquisições | $35000 | 0 | $99000 | -$13.5M | 0 | $9.2M | $2.2M | $708000 | 0 | 0 |
| Recompra de Ações | 0 | 0 | -$415000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | -$465000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $9.8M | -$12.7M | -$37.3M | -$9.1M | -$14.0M | -$33.0M | -$37.2M | -$7.1M | -$17.9M | -$18.8M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +21.3% | +3.8% | -18.7% | +14.5% | +44.1% | +2.7% | -46.3% | +31.1% | -11.1% |
| Crescimento Lucro Líquido (anual) | | +80.1% | -4.9% | -126.9% | +224.5% | +350.1% | +8.5% | -213.1% | +35.0% | -82.9% |
| Crescimento LPA (anual) | | +58.8% | -7.4% | -116.1% | +289.6% | +359.3% | +5.7% | -213.5% | +35.7% | -81.5% |
| Variação de Ações (anual) | | +18.5% | +3.3% | -1.9% | +3.9% | +4.1% | -0.0% | -0.2% | +1.2% | +1.8% |
| Crescimento FCF (anual) | | -230.3% | -192.9% | +75.5% | -53.2% | -135.5% | -13.0% | +81.0% | -152.9% | -5.0% |
| Margem Bruta | 32.4% | 34.9% | 36.2% | 29.8% | 31.7% | 34.5% | 36.9% | 17.6% | 24.0% | 12.7% |
| Margem Operacional | 7.9% | 12.8% | 11.9% | -0.4% | 4.1% | 9.4% | 8.9% | -28.5% | -14.9% | -24.9% |
| Margem EBITDA | 14.2% | 17.3% | 16.6% | 5.5% | 12.2% | 18.3% | 21.3% | -11.6% | -0.3% | -12.7% |
| Margem Líquida | 6.9% | 10.3% | 9.4% | -3.1% | 3.4% | 10.6% | 11.2% | -23.6% | -11.7% | -24.1% |
| Margem FCF | 12.0% | -12.9% | -36.4% | -11.0% | -14.7% | -24.0% | -26.4% | -9.3% | -18.0% | -21.3% |
| Taxa Efetiva de Imposto | 12.9% | 7.3% | 7.9% | -54.8% | 28.7% | 6.2% | 10.4% | -0.8% | -10.6% | -7.7% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.30 | $-0.33 | $-0.93 | $-0.23 | $-0.34 | $-0.77 | $-0.87 | $-0.17 | $-0.41 | $-0.43 |
| Dividendo por Ação | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $32.1M | $37.4M | $39.0M | $39.5M | $40.2M | $41.4M | $42.1M | $42.6M | $43.2M | $43.9M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Margem bruta | 32.18% |
| Margem operacional | 3.09% |
| Margem líquida | 3.23% |
Saúde financeira
| Dívida / Patrimônio | 0.10 |
| Liquidez corrente | 4.77 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 28.24 | 32.22 | 17.40 | -108.21 | 125.59 | 25.17 | 11.84 | -5.71 | -8.04 | -33.37 |
| P/VP | 1.14 | 1.77 | 0.89 | 0.91 | 1.99 | 1.72 | 0.83 | 0.50 | 0.49 | 2.63 |
| P/V | 1.90 | 3.30 | 1.66 | 2.06 | 4.03 | 2.65 | 1.31 | 1.35 | 0.94 | 8.13 |
| Margem Bruta | 32.4% | 34.9% | 36.2% | 29.8% | 31.7% | 34.5% | 36.9% | 17.6% | 24.0% | 12.7% |
| Margem Operacional | 7.9% | 12.8% | 11.9% | -0.4% | 4.1% | 9.4% | 8.9% | -28.5% | -14.9% | -24.9% |
| Margem Líquida | 6.9% | 10.3% | 9.4% | -3.1% | 3.4% | 10.6% | 11.2% | -23.6% | -11.7% | -24.1% |