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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS      
Revenue $ 99,361 $ 75,795 $ 141,118
Cost of revenue 75,525 62,477 88,997
Gross profit 23,836 13,318 52,121
Operating expenses:      
Selling, general and administrative 24,096 22,806 25,654
Research and development 14,543 12,081 13,913
Total operating expenses 38,639 34,887 39,567
Income (loss) from operations (14,803) (21,569) 12,554
Interest expense, net (1,340) (1,527) (1,071)
Equity in income of unconsolidated joint ventures 3,439 1,884 5,957
Other income, net 2,047 2,179 3,487
Income (loss) before provision for income taxes (10,657) (19,033) 20,927
Provision for income taxes 1,134 160 2,185
Net income (loss) (11,791) (19,193) 18,742
Less: Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests 167 1,312 (2,931)
Net income (loss) attributable to AXT, Inc. $ (11,624) $ (17,881) $ 15,811
Net income (loss) attributable to AXT, Inc. per common share:      
Basic $ (0.27) $ (0.42) $ 0.37
Diluted $ (0.27) $ (0.42) $ 0.37
Weighted-average number of common shares outstanding:      
Basic 43,154 42,643 42,104
Diluted 43,154 42,643 42,715