ACM Research, Inc.

Listed Company

ACMRCIK 0001680062NasdaqLarge AcceleratedSpecial Industry Machinery, NecCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

$901.31M

Net Income

$94.08M

Total Assets

$2.87B

Equity

$1.46B

Shares Out

14.18M

Op. Cash Flow

$-10.32M

ACMR$83.98+177.90% · past yearDBEQ Basic

Daily closing prices

Business

ACM Research, Inc. designs and manufactures advanced capital equipment for the global semiconductor industry, enabling particle removal, material deposition, and process control across front-end fabrication and back-end packaging steps. Its product portfolio spans wet-cleaning systems (SAPS, TEBO, Tahoe), electrochemical plating, furnace, PECVD, track, and advanced packaging equipment, serving foundry, logic, memory, and assembly customers worldwide. The company operates primarily through direct sales and third-party representatives, with the vast majority of revenue from customers in mainland China and Asia.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue (note 3)	901	782	558	389	260
Cost of revenue, including cost of revenue from related parties of $62,498, $39,313, and $31,240 for the years ended December 31, 2025, 2024, and 2023, respectively (note 13)	501	391	282	205	145
Gross profit	400	392	276	184	115
Sales and marketing	77	65	47	40	27
Research and development	145	105	93	62	34
General and administrative	69	70	41	22	15
Total operating expenses	291	241	180	125	76
Loss from operations	109	151	96	59	39
Interest income	15	10	8	9	505,000
Interest expense	−7	−4	−3	−2	—
Realized gain from sale of short-term investments	166,000	2	9	1	0
Unrealized gain (loss) on short-term investments	17	973,000	−3	−8	607,000
Other (expense) income, net	−10	6	−2	3	−631,000
Income from equity method investments	10	423,000	10	5	5
Income before income taxes	135	166	116	67	43
Income tax expense (note 16)	−13	−35	−19	−17	−134,000
Net income	122	131	97	51	43
Less: Net income attributable to non-controlling interests	28	28	20	11	5
Net income attributable to ACM Research, Inc.	94	104	77	39	38
Foreign currency translation adjustment, net of tax	33	−16	−11	−59	5
Unrealized gain on available-for-sale investments, net of tax	2	428,000	0	—	—
Comprehensive income	158	116	86	−9	48
Less: Comprehensive income attributable to non-controlling interests	36	26	18	2	6
Comprehensive income attributable to ACM Research, Inc.	122	90	69	−10	42
Basic (in dollars per share)	1.47	1.67	1.29	0.66	0.65
Diluted (in dollars per share)	1.37	1.53	1.16	0.59	0.58
Basic (in shares)	64	62	60	59	58
Diluted (in shares)	67	66	65	65	65

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	757	407	182	248	563
Restricted cash	9	4	1	500,000	519,000
Short-term time deposits (note 2)	367	17	81	70	0
Short-term investments (note 12)	36	19	21	20	—
Accounts receivable, net (note 4)	504	387	283	183	106
Inventories, net (note 5)	703	598	545	393	218
Prepaid expenses and other current assets	11	8	—	—	—
Total current assets	2,437	1,483	1,176	964	953
Property, plant and equipment, net (note 6)	315	269	202	83	14
Operating lease right-of-use assets, net (note 19)	18	14	15	2	4
Intangible assets, net	3	3	3	1	477,000
Long-term time deposits (note 2)	0	13	41	102	0
Deferred tax assets (note 16)	29	15	20	7	13
Long-term investments (note 11)	66	37	28	17	13
Other long-term assets (note 7)	4	20	6	50	45
Total assets	2,872	1,856	1,491	1,236	1,052
Short-term borrowings (note 8)	74	33	31	56	10
Current portion of long-term borrowings (note 10)	35	44	7	2	2
Advances from customers	188	244	181	154	53
Deferred revenue	17	9	4	4	3
Income taxes payable (note 16)	991,000	13	6	3	254,000
FIN-48 payable (note 16)	28	19	12	7	2
Other payables and accrued expenses (note 9)	150	122	103	52	32
Current portion of operating lease liabilities	5	2	3	1	2
Total current liabilities	746	641	501	396	206
Long-term borrowings (note 10)	179	106	54	19	23
Long-term operating lease liabilities	5	4	4	1	2
Other long-term liabilities	12	9	6	7	8
Total liabilities	942	760	565	423	241
Commitments and contingencies (note 18)	—	—	—	—	—
Additional paid-in capital	1,116	677	630	604	595
Retained earnings	350	260	157	94	64
Statutory surplus reserve (note 2)	34	31	30	17	8
Accumulated other comprehensive loss	−36	−63	−49	−41	9
Total ACM Research, Inc. stockholders equity	1,464	905	767	675	676
Non-controlling interests	466	191	159	137	135
Total equity	1,931	1,096	926	812	812
Total liabilities and equity	2,872	1,856	1,491	1,236	1,052

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash operating lease cost	5	4	4	3	—
Depreciation and amortization	16	10	8	5	2
Realized gain on short-term investments	−112,000	−2	−9	—	—
Inventory provision	15	3	575,000	2	75,000
Provision for credit losses	14	14	3	0	0
Deferred income taxes	−14	5	−14	4	−2
Stock-based compensation	34	50	27	8	5
Dividends from unconsolidated affiliates	2	2	0	0	—
Others	1	945,000	−2,000	—	—
Accounts receivable	−116	−123	−109	−89	−48
Other receivables	−2	−4	−4	−7	−8
Inventories	−108	−64	−164	−196	−128
Advances to related parties (note 13)	−1	1	890,000	−939,000	—
Prepaid expenses and other current assets	−3	12	−5	−4	−10
Other long-term assets	−947,000	0	0	4	−5
Related parties accounts payable (note 13)	16	5	−3	7	—
Accounts payable	68	1	42	18	61
Advances from customers	−61	67	30	104	35
Deferred revenue	9	5	3	994,000	226,000
Income taxes payable	−12	6	3	3	2
FIN-48 payable	8	7	5	4	11
Other payables and accrued expenses	27	23	21	23	3
Operating lease liabilities	−5	−4	−4	−3	−2
Increase (Decrease) in Other Noncurrent Liabilities	3	3	−2	−2	310,000
Net cash (used in) provided by operating activities	−10	152	−75	−62	−40
Purchase of property and equipment	−56	−82	−62	−91	−9
Purchase of intangible assets	−1	−3	−2	−1	−559,000
Purchase of short-term investments	0	−1	−18	0	—
Purchase of time deposits	−389	−75	−26	−172	0
Proceeds from redemption and maturity of time deposits	54	167	80	0	0
Refund of deposit for land use right	686,000	0	0	—	—
Proceeds from sale of short-term investments (note 12)	2	8	22	5	0
Proceeds from disposal of long-term investments	0	0	8	0	0
Purchase of long-term investments	−484,000	−25	−8	−5	−2
Net cash used in investing activities	−390	−12	−7	−266	−11
Proceeds from short-term borrowings	88	33	31	56	23
Repayments of short-term borrowings	−47	−32	−55	−9	—
Proceeds from long-term borrowings	119	97	42	0	7
Repayments of long-term borrowings	−60	−10	−2	−2	—
Capital contribution by non-controlling shareholder	242,000	0	0	—	0
Proceeds from exercise of stock options	35	11	6	1	3
Repurchase of ACM Shanghai's shares	−7	0	0	—	—
ACM Shanghai dividends	−8	−7	−4	0	—
Proceeds from issuance of ACM Shanghais shares, net of issuance costs	623	0	0	—	—
Net cash provided by financing activities	742	92	19	46	539
Effect of exchange rate changes on cash, cash equivalents and restricted cash	13	−5	−2	−33	4
Net increase (decrease) in cash, cash equivalents and restricted cash	355	228	−65	−315	491
Interest paid	7	4	3	2	765,000
Cash paid for income taxes	32	11	26	4	1
Prepayment for purchase of long-term investment	0	17	0	0	—
Purchase of intangible assets included in other long-term assets	0	641,000	0	0	—
Cashless exercise of stock options	195,000	483,000	333,000	221,000	137,000
Transfer of prepayment for property to property, plant, and equipment	33,000	3	0	41	0
Transfer from inventories to property, plant and equipment	4	0	4	0	0
Transfer from other non-current assets to long term investment	17	0	0	—	—
Purchases of property, plant and equipment through other payable and accrued expenses	25	29	34	0	0
Transfer from property, plant and equipment to inventory	0	918,000	0	0	—
Purchase of long-term investments through other payable and accrued expenses	0	5	0	0	—

Filings

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Frequently asked questions

What is ACM Research, Inc.'s CIK number?

ACM Research, Inc.'s SEC CIK number is 0001680062 (1680062). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ACM Research, Inc.'s SEC filings?

All of ACM Research, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ACM Research, Inc. last report earnings?

ACM Research, Inc. (ACMR) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031688). This is ACM Research, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ACM Research, Inc.'s most recent earnings 8-K?

ACM Research, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-031688. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View ACM Research, Inc.'s latest earnings 8-K →
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