AXT INC (AXTI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 27.96% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
53M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

AXTI currently has 53.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 27.96% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 53.3M shares outstanding

53M 0
Mar 17, 2026

10-K filing | 55.3M shares outstanding

55M 0
Nov 13, 2025

10-Q filing | 43.8M shares outstanding

44M 0
Nov 07, 2025

S-3 filing: The company is filing an S-3 to offer common stock, preferred stock, debt securities, depositary shares, warrants, subscription rights, purchase contracts, and units, up to a total aggregate offering price of $100,000,000.

44M 0
Aug 13, 2025

10-Q filing | 43.7M shares outstanding

44M 0
May 14, 2025

10-Q filing | 43.6M shares outstanding

44M 0
Mar 14, 2025

10-K filing | 43.2M shares outstanding

43M 0
Nov 12, 2024

10-Q filing | 43.2M shares outstanding

43M 0
Aug 09, 2024

10-Q filing | 43.1M shares outstanding

43M 0
May 10, 2024

10-Q filing | 43.0M shares outstanding

43M 0
Mar 15, 2024

10-K filing | 42.6M shares outstanding

43M 83K
Nov 09, 2023

10-Q filing | 42.6M shares outstanding

43M 88K
Aug 09, 2023

10-Q filing | 42.6M shares outstanding

43M 140K
May 10, 2023

10-Q filing | 42.5M shares outstanding

42M 230K
Mar 16, 2023

10-K filing | 42.7M shares outstanding

43M 11K
Nov 10, 2022

10-Q filing | 43.0M shares outstanding

43M 0
Aug 12, 2022

10-Q filing | 42.5M shares outstanding

43M 220K
May 09, 2022

10-Q filing | 42.7M shares outstanding

43M 64K
May 05, 2022

S-3/A filing: AXT, Inc. may issue securities from time to time in one or more offerings, with an aggregate offering price not to exceed $60,000,000.

43M 6K
Apr 14, 2022

S-3/A filing: AXT, Inc. may issue securities from time to time in one or more offerings, with an aggregate offering price not to exceed $60,000,000.

43M 6K
Mar 15, 2022

10-K filing | 42.7M shares outstanding

43M 6K
Feb 04, 2022

S-3/A filing: AXT, Inc. may issue common stock, preferred stock, debt securities, depositary shares, subscription rights, and purchase contracts from time to time in one or more offerings up to an aggregate offering price of $60,000,000.

43M 48K
Dec 30, 2021

S-3/A filing: AXT, Inc. files an S-3/A to register an offering of common stock, preferred stock, debt securities, depositary shares, subscription rights and purchase contracts up to an aggregate offering price of $60,000,000.

43M 48K
Dec 03, 2021

S-3/A filing: AXT, Inc. may issue securities from time to time in one or more offerings, including common stock, preferred stock, debt securities, depositary shares, subscription rights, and purchase contracts, up to an aggregate offering price of $60,000,000.

43M 48K
Nov 12, 2021

10-Q filing | 42.7M shares outstanding

43M 48K
Sep 24, 2021

S-3/A filing: AXT, Inc. may issue securities from time to time in one or more offerings, in amounts, at prices and on terms determined at the time of the offering. The aggregate offering price of the securities will not exceed $60,000,000.

43M 0
Aug 12, 2021

10-Q filing | 42.7M shares outstanding

43M 0
Jul 27, 2021

S-3 filing: The company is filing a shelf registration statement for the potential issuance of common stock, preferred stock, debt securities, depositary shares, subscription rights, and purchase contracts, with an aggregate offering price not to exceed $60,000,000.

43M 0
May 14, 2021

10-Q filing | 42.7M shares outstanding

43M 0
Mar 23, 2021

10-K filing | 41.0M shares outstanding

41M 0
Nov 06, 2020

10-Q filing | 41.0M shares outstanding

41M 0
Aug 07, 2020

10-Q filing | 40.8M shares outstanding

41M 0
May 08, 2020

10-Q filing | 39.4M shares outstanding

39M 0
Mar 12, 2020

10-K filing | 39.0M shares outstanding

39M 0
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