AMERICAN SUPERCONDUCTOR CORP /DE/

Listed Company

AMSCCIK 0000880807NasdaqLarge AcceleratedMotors & GeneratorsDelawareFY ends Mar 31

Period

FY 2026

Revenue

—

Net Income

$133.81M

Total Assets

$739.48M

Equity

$555.45M

Shares Out

47.69M

Op. Cash Flow

$23.10M

AMSC$33.03−20.20% · past yearDBEQ Basic

Daily closing prices

Business

American Superconductor Corporation designs and deploys power control and grid modernization solutions using proprietary high-temperature superconductor wire and smart software. The company provides D-VAR systems, transformers, rectifiers, fault current limiters for utility grids; wind turbine electrical control systems and designs licensed to manufacturers; and ship protection systems for the U.S. Navy and allied navies. AMSC serves utilities, renewable energy developers, industrial manufacturers, and shipbuilders globally.

Summary from 10-K filed 2026-05-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenues	299	223	146	106	108
Cost of revenues	208	161	110	97	95
Gross profit	91	62	35	9	13
Research and development	16	11	8	9	10
Selling, general and administrative	58	43	32	29	27
Amortization of acquisition related intangibles	2	2	2	3	2
Change in fair value	4	7	5	—	—
Restructuring	0	0	−14,000	1	0
Total operating expenses	80	63	47	42	35
Operating income (loss)	11	−1	−11	−33	−21
Interest income, net	6	4	1	252,000	75,000
Other expense, net	−1	−265,000	−736,000	−148,000	−28,000
Income (loss) before income tax (benefit) expense	17	2	−11	−35	−21
Income tax (benefit) expense	−117	−4	309,000	215,000	−2
Net income (loss)	134	6	−11	−35	−19
Basic (in dollars per share)	3.12	0.16	−0.37	−1.26	−0.71
Diluted (in dollars per share)	3.05	0.16	−0.37	−1.26	−0.71
Basic (in shares)	43	37	30	28	27
Diluted (in shares)	44	38	30	28	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	141	79	91	23	41
Accounts receivable, net	69	46	26	31	20
Inventory, net	104	71	42	37	24
Prepaid expenses and other current assets	14	8	7	13	7
Restricted cash	4	2	468,000	2	3
Total current assets	332	207	166	106	94
Property, plant and equipment, net	90	39	11	12	14
Intangibles, net	14	6	6	9	11
Right-of-use assets	4	4	3	3	4
Goodwill	175	48	43	43	43
Restricted cash	3	4	1	600,000	6
Deferred tax assets	119	1	1	1	1
Equity-method investments	1	1	0	—	—
Other assets	1	958,000	637,000	528,000	239,000
Total assets	739	311	233	176	174
Accounts payable and accrued expenses	47	32	24	38	29
Lease liability, current portion	1	685,000	716,000	—	—
Contingent consideration, current portion	13	0	3	1	—
Deferred revenue, current portion	78	67	51	44	23
Total current liabilities	139	100	79	84	54
Deferred revenue, long term portion	15	9	7	7	7
Lease liability, long term portion	3	3	2	—	—
Deferred tax liabilities	0	2	300,000	243,000	297,000
Contingent consideration, long term portion	27	0	—	—	—
Other liabilities	629,000	28,000	27,000	26,000	25,000
Total liabilities	184	113	88	94	64
Commitments and Contingencies (Note 18)	—	—	—	—	—
Common stock, $0.01 par value, 75,000,000 shares authorized; 48,035,691 and 39,887,536 shares issued and 47,632,340 and 39,484,185 shares outstanding at March 31, 2026 and 2025, respectively	480,000	399,000	373,000	299,000	289,000
Additional paid-in capital	1,481	1,260	1,213	1,139	1,134
Treasury stock, at cost, 403,351 at March 31, 2026 and 2025	−4	−4	−4	—	−4
Accumulated other comprehensive income	4	2	2	2	−291,000
Accumulated deficit	−927	−1,061	−1,067	−1,056	−1,021
Total stockholders' equity	555	197	145	82	109
Total liabilities and stockholders' equity	739	311	233	176	174

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization	7	6	4	5	5
Stock-based compensation expense	16	8	5	5	5
Provision for excess and obsolete inventory	4	2	2	2	2
Amortization of operating lease right-of-use assets	1	976,000	321,000	—	—
Deferred income taxes	−119	−4	65,000	24,000	−2
Earnings (loss) from equity method investments	−220,000	132,000	0	—	—
Other non-cash items	316,000	−587,000	44,000	600,000	525,000
Unrealized foreign exchange gain on cash and cash equivalents	−2,000	−41,000	−2,000	−226,000	−186,000
Accounts receivable	−16	−3	4	−10	−4
Inventory	−7	−8	−7	−15	−3
Prepaid expenses and other current assets	−598,000	543,000	6	−6	−420,000
Operating leases	−503,000	−2	−327,000	—	—
Accounts payable and accrued expenses	7	3	−13	9	5
Deferred revenue	−7	13	7	21	−933,000
Net cash provided by operating activities	23	28	2	−22	−19
Purchases of property, plant and equipment	−5	−2	−934,000	−1	−938,000
Cash paid for acquisition, net of cash acquired	−72	−30	0	—	—
Change in other assets	−98,000	64,000	−27,000	−281,000	65,000
Net cash used in investing activities	−77	−35	−961,000	−2	−7
Repurchase of treasury stock	0	−126,000	0	—	—
Repayment of debt	−9	−25,000	−65,000	−73,000	−53,000
Cash paid related to registration of common stock shares	0	−148,000	0	—	—
Proceeds from public equity offering, net of offering expenses	125	0	65	0	—
Proceeds from exercise of employee stock options and ESPP	391,000	307,000	279,000	—	—
Net cash provided by financing activities	116	8,000	65	162,000	142,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash	24,000	14,000	−13,000	29,000	−55,000
Net (decrease) increase in cash, cash equivalents and restricted cash	62	−7	67	−24	−26
Cash paid for income taxes, net of refunds	706,000	312,000	286,000	350,000	531,000
Right-of-use assets obtained in exchange for new lease obligations	1	2	680,000	—	—

Filings

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Frequently asked questions

What is AMERICAN SUPERCONDUCTOR CORP /DE/'s CIK number?

AMERICAN SUPERCONDUCTOR CORP /DE/'s SEC CIK number is 0000880807 (880807). 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 AMERICAN SUPERCONDUCTOR CORP /DE/'s SEC filings?

All of AMERICAN SUPERCONDUCTOR CORP /DE/'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 AMERICAN SUPERCONDUCTOR CORP /DE/ last report earnings?

AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC) most recently filed an earnings 8-K with the SEC on May 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-018539). This is AMERICAN SUPERCONDUCTOR CORP /DE/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is AMERICAN SUPERCONDUCTOR CORP /DE/'s most recent earnings 8-K?

AMERICAN SUPERCONDUCTOR CORP /DE/'s latest earnings 8-K (Item 2.02) was filed May 27, 2026 under accession 0001437749-26-018539. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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