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

$23.15M

Business

AMERICAN SUPERCONDUCTOR CORP /DE/ designs, manufactures and supplies megawatt-scale power resiliency and ship protection systems that manage and improve power flow for electric grids, industrial facilities and naval vessels. It offers power electronics, voltage compensators, capacitors, transformers, rectifiers, STATCOMs, D-VAR and actiVAR systems, HTS-based degaussing and other ship protection systems, wind turbine electrical control systems, sag mitigation and related engineering, service and spare parts. The company operates two reportable segments: Grid and Wind. It sells globally through direct sales, local field service offices and manufacturers' representatives.

Summary from filing dated 2025-05-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Revenues	299	223	146
Cost of revenues	208	161	110
Gross profit	91	62	35
Operating expenses:	—	—	—
Research and development	16	11	8
Selling, general and administrative	58	43	32
Amortization of acquisition related intangibles	2	2	2
Change in fair value	−4	−7	−5
Restructuring	0	0	−14,000
Total operating expenses	80	63	47
Operating income (loss)	11	−1	−11
Interest income, net	6	4	1
Other expense, net	−1	−265,000	−736,000
Income (loss) before income tax (benefit) expense	17	2	−11
Income tax (benefit) expense	−117	−4	309,000
Net income (loss)	134	6	−11
Net income (loss) per common share	—	—	—
Basic (in dollars per share)	3.12	0.16	−0.37
Diluted (in dollars per share)	3.05	0.16	−0.37
Weighted average number of common shares outstanding	—	—	—
Basic (in shares)	43	37	30
Diluted (in shares)	44	38	30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
Current assets:	—	—
Cash and cash equivalents	141	79
Accounts receivable, net	69	46
Inventory, net	104	71
Prepaid expenses and other current assets	14	8
Restricted cash	4	2
Total current assets	332	207
Property, plant and equipment, net	90	39
Intangibles, net	14	6
Right-of-use assets	4	4
Goodwill	175	48
Restricted cash	3	4
Deferred tax assets	119	1
Equity-method investments	1	1
Other assets	1	958,000
Total assets	739	311
Current liabilities:	—	—
Accounts payable and accrued expenses	47	32
Lease liability, current portion	1	685,000
Contingent consideration, current portion	13	0
Deferred revenue, current portion	78	67
Total current liabilities	139	100
Deferred revenue, long term portion	15	9
Lease liability, long term portion	3	3
Deferred tax liabilities	0	2
Contingent consideration, long term portion	27	0
Other liabilities	629,000	28,000
Total liabilities	184	113
Commitments and Contingencies (Note 18)	—	—
Stockholders' equity:	—	—
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
Additional paid-in capital	1,481	1,260
Treasury stock, at cost, 403,351 at March 31, 2026 and 2025	4	4
Accumulated other comprehensive income	4	2
Accumulated deficit	−927	−1,061
Total stockholders' equity	555	197
Total liabilities and stockholders' equity	739	311

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net income (loss)	134	6	−11
Adjustments to reconcile net income (loss) to net cash provided by operations:	—	—	—
Depreciation and amortization	7	6	4
Stock-based compensation expense	16	8	5
Provision for excess and obsolete inventory	3	2	2
Amortization of operating lease right-of-use assets	1	976,000	321,000
Deferred income taxes	−119	−4	65,000
Earnings (loss) from equity method investments	220,000	−132,000	0
Change in fair value	−4	−7	−5
Other non-cash items	−316,000	587,000	−44,000
Unrealized foreign exchange gain on cash and cash equivalents	2,000	41,000	2,000
Changes in operating asset and liability accounts:	—	—	—
Accounts receivable	16	3	−4
Inventory	7	8	7
Prepaid expenses and other current assets	598,000	−543,000	−6
Operating leases	−503,000	−2	−327,000
Accounts payable and accrued expenses	7	3	−13
Deferred revenue	−7	13	7
Net cash provided by operating activities	23	28	2
Cash flows from investing activities:	—	—	—
Purchases of property, plant and equipment	5	2	934,000
Cash paid to settle NWL contingent consideration liability	0	3	0
Cash paid for acquisition, net of cash acquired	72	30	0
Change in other assets	98,000	−64,000	27,000
Net cash used in investing activities	−77	−35	−961,000
Cash flows from financing activities:	—	—	—
Repurchase of treasury stock	0	126,000	0
Repayment of debt	9	25,000	65,000
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
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
Effect of exchange rate changes on cash, cash equivalents and restricted cash	24,000	14,000	−13,000
Net (decrease) increase in cash, cash equivalents and restricted cash	62	−7	67
Cash, cash equivalents and restricted cash at end of year	—	—	—
Cash, cash equivalents and restricted cash at end of year	—	—	—
Supplemental schedule of cash flow information:	—	—	—
Cash paid for income taxes, net of refunds	706,000	312,000	286,000
Non-cash investing and financing activities	—	—	—
Issuance of common stock	80	31	0
Right-of-use assets obtained in exchange for new lease obligations	1	2	680,000

Filings

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