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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 19,356 $ 22,688
Cost of revenue 20,597 16,594
Gross profit (loss) (1,241) 6,094
Operating expenses:    
Selling, general and administrative 5,916 6,227
Research and development 3,118 3,214
Total operating expenses 9,034 9,441
Loss from operations (10,275) (3,347)
Interest expense, net (269) (349)
Equity in income of unconsolidated joint ventures 248 890
Other income, net 354 1,032
Loss before provision for income taxes (9,942) (1,774)
Provision for income taxes 74 274
Net loss (10,016) (2,048)
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests 1,218 (35)
Net loss attributable to AXT, Inc. $ (8,798) $ (2,083)
Net loss attributable to AXT, Inc. per common share:    
Basic $ (0.2) $ (0.05)
Diluted $ (0.2) $ (0.05)
Weighted-average number of common shares outstanding:    
Basic 43,554 42,987
Diluted 43,554 42,987