Axcelis Technologies, Inc. (ACLS) financial statements: income statement, balance sheet and cash flow
Axcelis Technologies, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Axcelis Technologies, Inc. reported revenue of $839.0M (-17.6% year on year) and net income of $120.2M (-40.2% year on year).
Income statement
Axcelis Technologies, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$839.0M
$1.0B
$1.1B
$920.0M
Total cost of revenue
$462.2M
$563.2M
$639.3M
$518.2M
Gross profit
$376.8M
$454.7M
$491.3M
$401.8M
Research and development
$109.0M
$105.5M
$96.9M
$78.4M
Sales and marketing
$65.4M
$68.0M
$62.8M
$53.6M
General and administrative
$83.2M
$70.3M
$65.8M
$57.5M
Total operating expenses
$257.5M
$243.9M
$225.5M
$189.4M
Income from operations
$119.3M
$210.8M
$265.8M
$212.4M
Interest income
$21.5M
$24.4M
$18.2M
$4.6M
Interest expense
($5.4M)
($5.5M)
($5.3M)
($5.6M)
Other, net
$2.8M
$539.0K
($48.0K)
($6.5M)
Total other income
$18.9M
$19.5M
$12.8M
($7.5M)
Income before income taxes
$138.2M
$230.3M
$278.6M
$204.9M
Income tax provision
$18.0M
$29.3M
$32.3M
$21.8M
Net income
$120.2M
$201.0M
$246.3M
$183.1M
Basic
$3.81
$6.17
$7.52
$5.54
Diluted
$3.80
$6.15
$7.43
$5.46
Basic weighted average shares of common stock
31.6M
32.6M
32.8M
33.0M
Diluted weighted average shares of common stock
31.7M
32.7M
33.2M
33.5M
Axcelis Technologies, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$215.2M
$199.0M
$213.6M
$194.5M
Total cost of revenue
$124.0M
$118.4M
$124.8M
$107.2M
Gross profit
$91.2M
$80.6M
$88.8M
$87.3M
Research and development
$29.0M
$28.5M
$24.6M
$27.1M
Sales and marketing
$19.6M
$17.4M
$15.8M
$15.0M
General and administrative
$22.4M
$26.8M
$23.3M
$16.3M
Total operating expenses
$70.9M
$72.6M
$63.8M
$58.4M
Income from operations
$20.3M
$8.0M
$25.0M
$29.0M
Interest income
$4.6M
$4.5M
$5.5M
$5.5M
Interest expense
($1.3M)
($1.3M)
($1.3M)
($1.4M)
Other, net
$1.8M
($495.0K)
$970.0K
$1.9M
Total other income
$5.1M
$2.7M
$5.1M
$6.0M
Income before income taxes
$25.3M
$10.6M
$30.1M
$35.0M
Income tax provision
$2.1M
$1.4M
$4.2M
$3.6M
Net income
$23.3M
$9.2M
$26.0M
$31.4M
Basic
$0.76
$0.30
$0.83
$0.99
Diluted
$0.75
$0.30
$0.83
$0.98
Basic weighted average shares of common stock
30.8M
30.7M
31.3M
31.8M
Diluted weighted average shares of common stock
31.1M
31.0M
31.4M
31.9M
Balance sheet
Axcelis Technologies, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$145.5M
$123.5M
$167.3M
$185.6M
Short-term investments
$228.8M
$447.8M
$338.9M
$246.6M
Accounts receivable, net
$168.5M
$203.1M
$218.0M
$169.8M
Inventories, net
$329.0M
$282.2M
$306.5M
$242.4M
Prepaid income taxes
$4.7M
$6.4M
—
—
Prepaid expenses and other current assets
$66.8M
$60.5M
$49.4M
$33.3M
Total current assets
$943.2M
$1.1B
$1.1B
$877.6M
Property, plant and equipment, net
$56.1M
$53.8M
$54.0M
$39.7M
Operating lease assets
$28.9M
$29.6M
$30.7M
$12.1M
Finance lease assets, net
$14.2M
$15.3M
$16.6M
$17.9M
Long-term restricted cash
$10.6M
$7.6M
$6.7M
$752.0K
Deferred income taxes
$79.9M
$68.3M
$53.4M
$31.7M
Long-term investments
$182.4M
—
—
—
Other assets
$46.0M
$50.6M
$40.6M
$33.8M
Total assets
$1.4B
$1.3B
$1.3B
$1.0B
Accounts payable
$42.3M
$46.9M
$54.4M
$62.3M
Accrued compensation
$34.2M
$25.5M
$31.4M
$35.5M
Warranty
$9.5M
$13.0M
$14.1M
$8.3M
Income taxes
$11.4M
—
$6.2M
$4.3M
Deferred revenue
$65.5M
$94.7M
$164.7M
$123.5M
Current portion of finance lease obligation
$1.6M
$1.3M
$1.5M
$1.2M
Other current liabilities
$33.1M
$26.0M
$12.8M
$12.9M
Total current liabilities
$197.7M
$207.5M
$285.1M
$248.1M
Long-term finance lease obligation
$40.8M
$42.3M
$43.7M
$45.2M
Long-term deferred revenue
$43.4M
$43.5M
$46.2M
$31.3M
Other long-term liabilities
$44.8M
$42.6M
$42.1M
$21.8M
Total liabilities
$326.7M
$336.0M
$417.1M
$346.4M
Common stock, $0.001 par value, 75,000 shares authorized; 30,717 shares issued and outstanding at December 31, 2025; 32,365 shares issued and outstanding at December 31, 2024
31.0K
32.0K
33.0K
33.0K
Additional paid-in capital
$533.3M
$548.7M
$547.2M
$550.3M
Retained earnings
$503.5M
$470.3M
$319.5M
$118.9M
Accumulated other comprehensive loss
($2.2M)
($6.2M)
($1.8M)
($2.0M)
Total stockholders' equity
$1.0B
$1.0B
$864.9M
$667.3M
Total liabilities and stockholders' equity
$1.4B
$1.3B
$1.3B
$1.0B
Axcelis Technologies, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$155.0M
$150.8M
$187.5M
$173.6M
Short-term investments
$247.2M
$215.8M
$262.1M
$376.2M
Accounts receivable, net
$154.1M
$161.8M
$147.6M
$138.8M
Inventories, net
$338.2M
$326.1M
$324.3M
$310.8M
Prepaid income taxes
$4.9M
$4.6M
$4.7M
$5.5M
Prepaid expenses and other current assets
$80.4M
$76.6M
$57.8M
$59.5M
Total current assets
$979.8M
$935.7M
$984.0M
$1.1B
Property, plant and equipment, net
$58.0M
$57.7M
$58.0M
$57.4M
Operating lease assets
$27.6M
$27.9M
$29.5M
$28.6M
Finance lease assets, net
$13.5M
$13.8M
$14.4M
$14.7M
Long-term restricted cash
$10.6M
$10.6M
$7.6M
$7.6M
Deferred income taxes
$78.8M
$80.5M
$70.0M
$72.4M
Long-term investments
$174.8M
$203.3M
$143.2M
$31.1M
Other assets
$43.7M
$44.9M
$45.1M
$47.2M
Total assets
$1.4B
$1.4B
$1.4B
$1.3B
Accounts payable
$58.8M
$51.6M
$52.5M
$37.1M
Accrued compensation
$20.0M
$16.7M
$24.4M
$16.6M
Warranty
$9.6M
$9.3M
$9.3M
$10.9M
Income taxes
$2.8M
$14.0M
—
—
Deferred revenue
$81.7M
$68.4M
$81.5M
$89.8M
Current portion of finance lease obligation
$1.7M
$1.6M
$1.5M
$1.4M
Other current liabilities
$25.4M
$42.4M
$29.9M
$21.2M
Total current liabilities
$200.1M
$203.9M
$199.0M
$177.1M
Long-term finance lease obligation
$39.8M
$40.3M
$41.2M
$41.6M
Long-term deferred revenue
$36.9M
$41.2M
$47.4M
$39.9M
Other long-term liabilities
$44.2M
$44.5M
$44.2M
$42.5M
Total liabilities
$321.0M
$329.9M
$331.8M
$301.1M
Common stock, $0.001 par value, 75,000 shares authorized; 30,881 shares issued and outstanding at June 30, 2026; 30,717 shares issued and outstanding at December 31, 2025
31.0K
31.0K
31.0K
31.0K
Additional paid-in capital
$536.2M
$537.2M
$533.0M
$535.7M
Retained earnings
$536.0M
$512.8M
$488.8M
$487.2M
Accumulated other comprehensive loss
($6.4M)
($5.3M)
($1.6M)
($479.0K)
Total stockholders' equity
$1.1B
$1.0B
$1.0B
$1.0B
Total liabilities and stockholders' equity
$1.4B
$1.4B
$1.4B
$1.3B
Cash flow statement
Axcelis Technologies, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$120.2M
$201.0M
$246.3M
$183.1M
Depreciation and amortization
$17.6M
$15.8M
$13.1M
$11.6M
Deferred income taxes
($10.7M)
($15.6M)
($20.0M)
$8.5M
Stock-based compensation expense
$20.8M
$21.0M
$18.3M
$13.4M
Provision for excess and obsolete inventory
$3.9M
$6.0M
$5.2M
$4.6M
Accretion of discounts and premiums on short-term and long-term investments
($4.2M)
($12.4M)
($12.1M)
—
Unrealized currency gain on foreign denominated transactions
$1.9M
$7.8M
—
—
Mark-to-market adjustment on forward exchange contracts
($435.0K)
($267.0K)
—
—
Accounts receivable
$37.4M
$6.9M
($50.8M)
($67.3M)
Inventories
($42.2M)
$5.9M
($70.0M)
($58.4M)
Prepaid expenses and other current assets
($5.2M)
($11.7M)
($16.0M)
($6.5M)
Accounts payable and other current liabilities
$6.2M
($413.0K)
($8.1M)
$31.4M
Deferred revenue
($29.7M)
($71.1M)
$56.2M
$86.4M
Income taxes
$13.1M
($9.0M)
$3.8M
$3.5M
Other assets and liabilities
($10.5M)
($6.0M)
($12.3M)
($625.0K)
Net cash provided by operating activities
$118.3M
$140.8M
$156.9M
$215.6M
Expenditures for property, plant and equipment and capitalized software
($11.3M)
($12.2M)
($20.7M)
($10.7M)
Purchases of short-term and long-term investments
($646.0M)
—
—
—
Maturities and sales of short-term investments
$687.2M
$442.6M
$308.6M
—
Net cash provided by (used in) investing activities
$29.9M
($108.7M)
($100.9M)
($257.3M)
Net settlement on restricted stock grants
($4.5M)
($11.6M)
($16.6M)
($9.9M)
Repurchase of common stock
($121.1M)
($60.5M)
($52.5M)
($57.5M)
Proceeds from Employee Stock Purchase Plan purchases
$2.5M
$2.4M
$2.1M
$1.7M
Principal payments on finance lease obligation
($1.4M)
($1.5M)
($1.2M)
($987.0K)
Net cash used in financing activities
($124.5M)
($71.2M)
($68.3M)
($65.5M)
Effect of exchange rate changes on cash and cash equivalents
$1.3M
($3.8M)
($139.0K)
($2.2M)
Net increase (decrease) in cash, cash equivalents and restricted cash
$25.0M
($42.9M)
($12.4M)
($109.3M)
Cash, cash equivalents and restricted cash at beginning of period
$131.1M
$174.0M
$186.3M
$295.7M
Cash, cash equivalents and restricted cash at end of period
$156.1M
$131.1M
$174.0M
$186.3M
Interest
$4.6M
$4.7M
$4.9M
$5.0M
Axcelis Technologies, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$32.5M
$9.2M
$85.9M
$60.0M
Depreciation and amortization
$8.9M
$4.4M
$13.2M
$8.8M
Deferred income taxes
$1.0M
($658.0K)
($1.8M)
($4.2M)
Stock-based compensation expense
$11.3M
$4.9M
$15.7M
$10.3M
Provision for doubtful accounts
$65.0K
$65.0K
$0
—
Provision for excess and obsolete inventory
$2.0M
$950.0K
$2.6M
$1.7M
Accretion of discounts and premiums on short-term and long-term investments
($1.0M)
$39.0K
($3.3M)
($2.3M)
Unrealized currency loss (gain) on foreign denominated transactions
$1.2M
$2.9M
($2.2M)
($6.8M)
Mark-to-market adjustment on forward exchange contracts
($100.0K)
$479.0K
$585.0K
$457.0K
Accounts receivable
$12.5M
$6.0M
$58.8M
$67.5M
Inventories
($16.7M)
($3.1M)
($34.2M)
($16.8M)
Prepaid expenses and other current assets
($13.7M)
($10.1M)
$3.3M
$1.2M
Accounts payable and other current liabilities
($5.4M)
($1.1M)
$1.4M
($28.3M)
Deferred revenue
$10.9M
$1.6M
($10.1M)
($9.6M)
Income taxes
($8.5M)
$2.9M
$2.2M
$2.0M
Other assets and liabilities
$1.6M
($359.0K)
($7.1M)
($4.5M)
Net cash provided by operating activities
$36.5M
$18.1M
$124.9M
$79.5M
Expenditures for property, plant and equipment and capitalized software
($5.4M)
($1.8M)
($9.0M)
($6.9M)
Purchases of short-term and long-term investments
($223.2M)
($160.7M)
($506.6M)
($345.2M)
Maturities and sales of short-term investments
$211.9M
$151.9M
$552.8M
$388.0M
Net cash (used in) provided by investing activities
($16.7M)
($10.6M)
$37.2M
$35.9M
Net settlement on restricted stock grants
($9.5M)
($1.0M)
($4.3M)
($4.2M)
Repurchase of common stock
($244.0K)
—
($95.8M)
($63.5M)
Proceeds from Employee Stock Purchase Plan purchases
$1.3M
$0
$1.2M
$1.2M
Principal payments on finance lease obligation
($768.0K)
($374.0K)
($1.0M)
($676.0K)
Net cash used in financing activities
($9.2M)
($1.4M)
($99.9M)
($67.1M)
Effect of exchange rate changes on cash and cash equivalents
($976.0K)
($724.0K)
$1.8M
$1.9M
Net increase in cash, cash equivalents and restricted cash
$9.6M
$5.4M
$64.1M
$50.2M
Cash, cash equivalents and restricted cash at beginning of period
$156.1M
$156.1M
$131.1M
$131.1M
Cash, cash equivalents and restricted cash at end of period