ACM Research, Inc. (ACMR)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P SmallCap 600

$44.61

+5.30 (+13.48%)

Close of Nov 06, 2026 · end-of-day data

Source: ACM Research, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$27.37M	$36.51M	$74.64M	$107.52M	$156.62M	$259.75M	$388.83M	$557.72M	$782.12M	$901.31M
Cost of revenue	$14.04M	$19.28M	$40.19M	$56.87M	$87.03M	$144.90M	$205.22M	$281.51M	$390.56M	$501.24M
Gross profit	$13.33M	$17.23M	$34.45M	$50.65M	$69.60M	$114.86M	$183.62M	$276.21M	$391.55M	$400.07M
Research & development	$3.26M	$5.14M	$10.38M	$12.90M	$19.12M	$34.21M	$62.23M	$92.71M	$105.47M	$144.99M
Operating income	$3.49M	$700.00K	$6.47M	$17.79M	$21.49M	$38.70M	$59.03M	$95.84M	$151.00M	$109.43M
Interest expense	$181.00K	$277.00K	$498.00K	$745.00K	$982.00K	$765.00K	$1.66M	$2.68M	$4.15M	$6.96M
Pre-tax income	$2.98M	-$325.00K	$7.38M	$18.94M	$19.30M	$43.05M	$67.36M	$116.22M	$166.30M	$135.19M
Income tax	$595.00K	$547.00K	$806.00K	-$518.00K	-$2.38M	$134.00K	$16.80M	$19.36M	$35.03M	$13.30M
Net income	$1.03M	-$318.00K	$6.57M	$18.89M	$18.78M	$37.76M	$39.26M	$77.35M	$103.63M	$94.08M
EBITDA	$3.68M	$971.00K	$6.89M	$18.58M	$22.55M	$41.05M	$63.87M	$102.75M	$157.57M	$123.83M
EPS (basic)	$0.30	$-0.05	$0.42	$1.12	$0.34	$0.65	$0.66	$1.29	$1.67	$1.47
EPS (diluted)	$0.18	$-0.05	$0.37	$0.99	$0.30	$0.58	$0.59	$1.16	$1.53	$1.37
Diluted shares	3.79M	6.87M	17.91M	19.14M	63.55M	65.36M	65.34M	64.87M	66.24M	67.31M
Gross margin	48.7%	47.2%	46.2%	47.1%	44.4%	44.2%	47.2%	49.5%	50.1%	44.4%
Operating margin	12.8%	1.9%	8.7%	16.5%	13.7%	14.9%	15.2%	17.2%	19.3%	12.1%
Net margin	3.8%	-0.9%	8.8%	17.6%	12.0%	14.5%	10.1%	13.9%	13.2%	10.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$10.12M	$17.68M	$27.12M	$58.26M	$71.77M	$562.55M	$247.95M	$182.09M	$407.44M	$757.37M
Short-term investments	—	—	—	$0	$28.24M	$29.50M	$20.21M	$21.31M	$19.37M	$35.52M
Receivables	$16.03M	$26.76M	$24.61M	$31.09M	$56.44M	$105.55M	$182.94M	$283.19M	$387.05M	$504.25M
Inventory	$11.67M	$15.39M	$38.76M	$44.80M	$88.64M	$218.12M	$393.17M	$545.39M	$597.98M	$702.63M
Total current assets	$40.35M	$62.91M	$96.03M	$198.40M	$260.66M	$952.93M	$963.81M	$1.18B	$1.48B	$2.44B
Total assets	$44.47M	$67.89M	$103.05M	$217.70M	$341.26M	$1.05B	$1.24B	$1.49B	$1.86B	$2.87B
Total current liabilities	$17.07M	$21.82M	$46.14M	$53.50M	$102.91M	$205.94M	$396.21M	$500.66M	$641.23M	$745.71M
Short-term debt	$4.76M	$5.09M	$9.45M	$0	$1.59M	$2.41M	$2.32M	$6.78M	$44.47M	$35.08M
Long-term debt	—	—	—	$0	$17.98M	$22.96M	$18.69M	$53.95M	$105.53M	$178.93M
Total debt	$4.76M	$5.09M	$9.45M	$0	$19.57M	$25.37M	$21.01M	$60.73M	$150.00M	$214.01M
Total liabilities	$23.95M	$28.03M	$50.72M	$60.22M	$133.09M	$240.51M	$423.33M	$564.75M	$759.82M	$941.68M
Shareholders' equity	-$2.43M	$39.86M	$52.32M	$97.32M	$141.15M	$676.20M	$674.86M	$767.39M	$904.62M	$1.46B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$3.70M	-$8.10M	$6.91M	$9.40M	-$13.55M	-$40.09M	-$62.19M	-$75.32M	$152.45M	-$10.32M
Capital expenditures	$795.00K	$651.00K	$1.83M	$971.00K	$5.21M	$9.15M	$91.09M	$61.88M	$82.46M	$56.28M
Free cash flow	-$4.50M	-$8.75M	$5.08M	$8.43M	-$18.76M	-$49.25M	-$153.29M	-$137.20M	$69.99M	-$66.61M
Investing cash flow	-$810.00K	-$23.72M	-$2.07M	-$5.53M	-$69.95M	-$11.28M	-$265.67M	-$6.75M	-$11.96M	-$390.33M
Financing cash flow	$10.55M	$38.72M	$5.12M	$87.44M	$32.83M	$538.77M	$45.87M	$18.53M	$92.48M	$742.49M
Share buybacks	—	—	$0	$2.83M	$0	$0	—	—	—	—
Stock-based compensation	$383.00K	$1.62M	$3.36M	$3.57M	$5.63M	$5.12M	$7.73M	$27.34M	$49.58M	$33.58M
Depreciation & amortization	$187.00K	$271.00K	$417.00K	$788.00K	$1.05M	$2.35M	$4.84M	$6.91M	$6.57M	$14.40M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$170.32M	$152.19M	$202.48M	$203.98M	$223.47M	$172.35M	$215.37M	$269.16M	$244.43M	$231.26M	$292.92M	$367.69M
Cost of revenue	$91.25M	$73.07M	$105.70M	$99.14M	$112.66M	$89.80M	$110.91M	$156.01M	$144.52M	$124.03M	$158.30M	$215.28M
Gross profit	$79.08M	$79.12M	$96.78M	$104.83M	$110.81M	$82.55M	$104.46M	$113.15M	$99.91M	$107.24M	$134.62M	$152.41M
Research & development	$32.47M	$23.92M	$25.97M	$27.84M	$27.75M	$27.50M	$33.82M	$39.65M	$44.02M	$36.55M	$42.25M	$51.37M
Operating income	$23.37M	$25.23M	$37.59M	$44.18M	$43.99M	$25.78M	$31.69M	$28.92M	$23.04M	$36.18M	$49.74M	$55.53M
Interest expense	$697.00K	$783.00K	$932.00K	$1.21M	$1.23M	$1.56M	$1.76M	$1.85M	$1.79M	$1.93M	$2.06M	$1.57M
Pre-tax income	$31.43M	$26.46M	$40.73M	$42.68M	$56.42M	$27.17M	$38.16M	$49.09M	$20.78M	$30.01M	$135.72M	$8.21M
Income tax	$8.13M	$4.37M	$9.34M	$4.01M	$17.32M	$2.15M	$1.89M	$2.69M	$6.57M	$3.77M	$13.47M	$1.89M
Net income	$17.70M	$17.43M	$24.21M	$30.90M	$31.08M	$20.38M	$29.76M	$35.89M	$8.05M	$17.31M	$88.98M	$1.54M
EBITDA	$25.21M	$27.71M	$39.80M	$46.57M	$43.49M	$28.16M	$35.21M	$31.38M	$29.08M	$41.34M	$56.04M	$62.50M
EPS (basic)	$0.30	$0.28	$0.39	$0.49	$0.50	$0.32	$0.47	$0.56	$0.12	$0.26	$1.31	$0.02
EPS (diluted)	$0.26	$0.26	$0.35	$0.45	$0.46	$0.30	$0.44	$0.52	$0.11	$0.24	$1.23	$0.02
Diluted shares	36.49K	66.24M	67.06M	66.67M	-274.72K	66.95M	67.46M	68.41M	-239.41K	69.77M	71.84M	73.63M
Gross margin	46.4%	52.0%	47.8%	51.4%	49.6%	47.9%	48.5%	42.0%	40.9%	46.4%	46.0%	41.5%
Operating margin	13.7%	16.6%	18.6%	21.7%	19.7%	15.0%	14.7%	10.7%	9.4%	15.6%	17.0%	15.1%
Net margin	10.4%	11.5%	12.0%	15.2%	13.9%	11.8%	13.8%	13.3%	3.3%	7.5%	30.4%	0.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$182.09M	$211.31M	$324.03M	$333.47M	$407.44M	$457.24M	$442.09M	$1.06B	$757.37M	$872.27M	$969.23M	$884.93M
Short-term investments	$21.31M	$18.65M	$19.60M	$20.35M	$19.37M	$18.32M	$21.11M	$39.98M	$35.52M	$34.66M	$105.09M	$66.91M
Receivables	$283.19M	$296.37M	$293.50M	$370.59M	$387.05M	$387.85M	$433.66M	$477.00M	$504.25M	$526.51M	$538.39M	$704.69M
Inventory	$545.39M	—	$602.93M	$628.72M	$597.98M	$609.57M	$648.28M	$676.41M	$702.63M	$738.00M	$783.12M	$851.22M
Total current assets	$1.18B	$1.23B	$1.34B	$1.45B	$1.48B	$1.55B	$1.65B	$2.36B	$2.44B	$2.62B	$2.87B	$3.04B
Total assets	$1.49B	$1.56B	$1.67B	$1.79B	$1.86B	$1.93B	$2.04B	$2.77B	$2.87B	$3.07B	$3.40B	$3.59B
Total current liabilities	$500.66M	$533.25M	$586.17M	$610.03M	$641.23M	$628.88M	$671.01M	$677.87M	$745.71M	$745.68M	$786.26M	$961.15M
Short-term debt	$6.78M	$6.55M	$19.67M	$30.67M	$44.47M	$67.94M	$62.14M	$48.64M	$35.08M	$13.30M	$40.79M	$64.12M
Long-term debt	$53.95M	$53.41M	$70.83M	$106.07M	$105.53M	$134.54M	$162.99M	$193.36M	$178.93M	$220.86M	$192.90M	$148.28M
Total debt	$60.73M	$59.96M	$90.50M	$136.74M	$150.00M	$202.47M	$225.13M	$241.99M	$214.01M	$234.16M	$233.69M	$212.40M
Total liabilities	$564.75M	$595.96M	$666.19M	$725.09M	$759.82M	$778.41M	$848.03M	$885.43M	$941.68M	$982.43M	$994.12M	$1.12B
Shareholders' equity	$767.39M	$796.20M	$833.17M	$888.17M	$904.62M	$949.15M	$986.45M	$1.43B	$1.46B	$1.58B	$1.86B	$1.90B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$38.35M	-$9.65M	$61.59M	$11.91M	$88.59M	$5.28M	-$44.90M	-$4.62M	$33.92M	-$29.54M	-$6.36M	-$70.44M
Capital expenditures	$12.34M	$25.42M	$13.09M	$32.53M	$11.42M	$16.73M	$14.73M	$11.02M	$13.81M	$22.20M	$65.11M	$25.17M
Free cash flow	-$50.69M	-$35.07M	$48.50M	-$20.62M	$77.18M	-$11.44M	-$59.63M	-$15.64M	$20.11M	-$51.74M	-$71.47M	-$95.62M
Investing cash flow	$543.00K	$12.29M	$19.60M	-$23.32M	-$20.53M	-$16.84M	-$14.46M	-$11.49M	-$347.55M	-$9.79M	-$69.69M	-$26.11M
Financing cash flow	$11.52M	$26.85M	$31.40M	$18.77M	$15.46M	$67.21M	$43.77M	$627.14M	$4.37M	$163.40M	$169.20M	$7.27M
Share buybacks	—	—	—	—	—	—	—	$0	—	—	—	$0
Stock-based compensation	$12.67M	$14.57M	$14.34M	$11.88M	$8.78M	$9.82M	$9.77M	$7.56M	$6.43M	$5.62M	$6.58M	$10.70M
Depreciation & amortization	$1.83M	$2.48M	$2.21M	$2.39M	-$500.00K	$2.38M	$3.52M	$2.46M	$6.04M	$5.16M	$6.30M	$6.97M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.