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ACM Research (ACMR) Financials

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$86.56 -6.30 (-6.78%)
Closing price 04:00 PM Eastern
Extended Trading
$86.52 -0.03 (-0.04%)
As of 06:44 PM Eastern
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Annual Income Statements for ACM Research

Annual Income Statements for ACM Research

This table shows ACM Research's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
1.03 -0.32 6.57 19 19 38 39 77 104 94
Consolidated Net Income / (Loss)
2.39 -0.87 6.57 19 22 43 51 97 131 122
Net Income / (Loss) Continuing Operations
2.39 -0.87 6.57 19 22 43 51 97 131 122
Total Pre-Tax Income
2.98 -0.33 7.38 19 19 43 67 116 166 135
Total Operating Income
3.49 0.70 6.47 18 21 39 59 96 151 109
Total Gross Profit
13 17 34 51 70 115 184 276 392 400
Total Revenue
27 37 75 108 157 260 389 558 782 901
Operating Revenue
27 37 75 108 157 260 389 558 782 901
Total Cost of Revenue
14 19 40 57 87 145 205 282 391 501
Operating Cost of Revenue
14 19 40 57 87 145 205 282 391 501
Total Operating Expenses
9.84 17 28 33 48 76 125 180 241 291
Selling, General & Admin Expense
2.67 5.89 7.99 8.06 12 15 22 41 70 69
Marketing Expense
3.91 5.50 9.61 12 17 27 40 47 65 77
Research & Development Expense
3.26 5.14 10 13 19 34 62 93 105 145
Total Other Income / (Expense), net
-0.51 -1.03 0.91 1.15 -2.20 4.35 8.33 20 15 26
Interest Expense
0.52 1.07 0.50 0.75 0.98 0.77 1.66 2.68 4.15 6.96
Interest & Investment Income
0.02 0.05 0.15 0.50 1.55 5.14 13 18 10 25
Other Income / (Expense), net
- - 1.26 1.39 -2.77 -0.02 -3.42 4.75 9.10 7.79
Income Tax Expense
0.60 0.55 0.81 -0.52 -2.38 0.13 17 19 35 13
Net Income / (Loss) Attributable to Noncontrolling Interest
1.36 -0.55 0.00 0.56 2.90 5.16 11 20 28 28
Basic Earnings per Share
$0.30 ($0.05) $0.42 $1.12 $0.34 $0.65 $0.66 $1.29 $1.67 $1.47
Weighted Average Basic Shares Outstanding
2.18M 6.87M 15.79M 16.80M 54.70M 57.65M 59.24M 60.16M 62.21M 64.18M
Diluted Earnings per Share
$0.18 ($0.05) $0.37 $0.99 $0.30 $0.58 $0.59 $1.16 $1.53 $1.37
Weighted Average Diluted Shares Outstanding
3.79M 6.87M 17.91M 19.14M 63.55M 65.36M 65.34M 64.87M 66.24M 67.31M
Weighted Average Basic & Diluted Shares Outstanding
- 12.99M 15.70M 18.14M 18.74M 19.58M 59.70M 61.10M 63.13M 65.73M

Quarterly Income Statements for ACM Research

This table shows ACM Research's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
26 18 17 24 31 31 20 30 36 8.05 17
Consolidated Net Income / (Loss)
31 23 22 31 39 39 25 36 46 14 26
Net Income / (Loss) Continuing Operations
31 23 22 31 39 39 25 36 46 14 26
Total Pre-Tax Income
32 31 26 41 43 56 27 38 49 21 30
Total Operating Income
33 23 25 38 44 44 26 32 29 23 36
Total Gross Profit
89 79 79 97 105 111 83 104 113 100 107
Total Revenue
169 170 152 202 204 223 172 215 269 244 231
Operating Revenue
169 170 152 202 204 223 172 215 269 244 231
Total Cost of Revenue
80 91 73 106 99 113 90 111 156 145 124
Operating Cost of Revenue
80 91 73 106 99 113 90 111 156 145 124
Total Operating Expenses
55 56 54 59 61 67 57 73 84 77 71
Selling, General & Admin Expense
12 14 16 16 17 21 13 17 22 17 14
Marketing Expense
17 9.44 14 17 16 18 16 22 22 16 21
Research & Development Expense
26 32 24 26 28 28 28 34 40 44 37
Total Other Income / (Expense), net
-1.46 8.05 1.23 3.14 -1.51 12 1.39 6.47 20 -2.26 -6.17
Interest Expense
0.64 0.70 0.78 0.93 1.21 1.23 1.56 1.76 1.85 1.79 1.93
Interest & Investment Income
1.99 8.30 1.25 1.69 4.28 3.14 4.29 5.79 6.77 8.08 6.47
Other Income / (Expense), net
-2.81 0.46 0.76 2.39 -4.58 11 -1.34 2.44 15 -8.55 -11
Income Tax Expense
0.72 8.13 4.37 9.34 4.01 17 2.15 1.89 2.69 6.57 3.77
Net Income / (Loss) Attributable to Noncontrolling Interest
5.32 5.60 4.66 7.19 7.77 8.03 4.63 6.51 11 6.16 8.93
Basic Earnings per Share
$0.43 $0.29 $0.28 $0.39 $0.49 $0.51 $0.32 $0.47 $0.56 $0.12 $0.26
Weighted Average Basic Shares Outstanding
60.22M 60.16M 61.37M 62.18M 62.50M 62.21M 63.27M 63.97M 64.38M 64.18M 65.80M
Diluted Earnings per Share
$0.39 $0.29 $0.26 $0.35 $0.45 $0.47 $0.30 $0.44 $0.52 $0.11 $0.24
Weighted Average Diluted Shares Outstanding
65.45M 64.87M 66.24M 67.06M 66.67M 66.24M 66.95M 67.46M 68.41M 67.31M 69.77M
Weighted Average Basic & Diluted Shares Outstanding
60.61M 61.10M 62.01M 62.47M 62.63M 63.13M 63.86M 64.18M 64.88M 65.73M 66.22M

Annual Cash Flow Statements for ACM Research

This table details how cash moves in and out of ACM Research's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
5.72 7.56 9.96 91 -46 491 -315 -65 228 355
Net Cash From Operating Activities
-7.35 -8.10 6.91 9.40 -14 -40 -62 -75 152 -10
Net Cash From Continuing Operating Activities
-3.70 -8.10 6.91 9.40 -14 -40 -62 -75 152 -10
Net Income / (Loss) Continuing Operations
2.39 -0.87 6.57 19 22 43 51 97 131 122
Consolidated Net Income / (Loss)
-2.39 -0.87 6.57 19 22 43 51 97 131 122
Depreciation Expense
0.19 0.27 0.42 0.79 1.06 2.35 5.37 8.09 9.97 16
Non-Cash Adjustments To Reconcile Net Income
-1.99 1.59 3.24 4.40 -0.26 37 118 49 137 -19
Changes in Operating Assets and Liabilities, net
0.49 -9.09 -3.32 -15 -36 -123 -236 -229 -126 -130
Net Cash From Investing Activities
-0.81 -24 -2.07 -5.53 -70 -11 -266 -6.75 -12 -390
Net Cash From Continuing Investing Activities
-0.81 -24 -2.07 -5.53 -70 -11 -266 -6.75 -12 -390
Purchase of Property, Plant & Equipment
-0.80 -0.65 -1.83 -0.97 -5.21 -9.15 -91 -62 -82 -56
Acquisitions
-0.02 -1.32 -0.24 -0.15 -0.32 -0.56 -1.43 -2.46 -3.49 -1.37
Purchase of Investments
0.00 -0.95 0.00 -4.41 -15 -1.57 -5.28 -26 -26 -0.48
Sale and/or Maturity of Investments
- - 0.00 0.00 0.56 0.00 4.58 110 175 56
Other Investing Activities, net
0.00 -21 0.00 0.00 -50 0.00 -172 -26 -75 -389
Net Cash From Financing Activities
11 39 5.12 87 33 539 46 19 92 742
Net Cash From Continuing Financing Activities
11 39 5.12 87 33 539 46 19 92 742
Repayment of Debt
-7.72 -11 -13 -14 -22 -42 -11 -57 -42 -108
Repurchase of Common Equity
- - 0.00 -2.83 - - - 0.00 0.00 -6.99
Payment of Dividends
- - - - - - 0.00 -3.95 -6.90 -7.58
Issuance of Debt
5.92 11 18 18 52 30 56 74 130 207
Issuance of Common Equity
0.00 33 0.00 86 0.00 546 - 0.00 0.00 623
Other Financing Activities, net
3.31 -0.14 0.53 -0.26 2.75 5.25 1.31 6.14 11 35
Effect of Exchange Rate Changes
-0.32 0.66 - -0.58 4.57 3.91 -33 -1.74 -4.84 13
Cash Interest Paid
0.18 0.28 0.50 0.75 0.98 0.77 1.66 2.68 4.15 6.96
Cash Income Taxes Paid
- - 0.00 1.16 4.97 1.13 3.59 26 11 32

Quarterly Cash Flow Statements for ACM Research

This table details how cash moves in and out of ACM Research's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
-50 -24 29 113 10 76 57 -15 614 -301 128
Net Cash From Operating Activities
-18 -38 -9.65 62 12 89 5.28 -45 -4.63 34 -30
Net Cash From Continuing Operating Activities
-18 -38 -9.65 62 12 89 5.28 -45 -4.63 34 -30
Net Income / (Loss) Continuing Operations
31 23 22 31 39 39 25 36 46 14 26
Consolidated Net Income / (Loss)
31 23 22 31 39 39 25 36 46 14 26
Depreciation Expense
2.07 2.07 2.52 2.17 2.39 2.89 3.02 3.34 4.10 5.87 5.47
Non-Cash Adjustments To Reconcile Net Income
11 -17 24 42 24 48 13 -12 -20 0.22 -4.67
Changes in Operating Assets and Liabilities, net
-62 -47 -58 -14 -54 -1.41 -36 -73 -35 14 -57
Net Cash From Investing Activities
-49 0.54 12 20 -23 -21 -17 -14 -11 -348 -9.79
Net Cash From Continuing Investing Activities
-49 0.54 12 20 -23 -21 -17 -14 -11 -348 -9.79
Purchase of Property, Plant & Equipment
-28 -12 -25 -13 -33 -11 -17 -15 -11 -14 -22
Acquisitions
-0.33 -0.85 -0.67 -0.48 -0.83 -1.50 -0.38 -0.41 0.00 -0.59 -0.24
Purchase of Investments
-23 -1.27 -7.40 -1.37 - -17 0.00 - -0.48 -0.01 -0.36
Sale and/or Maturity of Investments
12 18 91 47 21 16 10 17 10 19 13
Other Investing Activities, net
-9.09 -3.19 -45 -13 -11 -5.92 -10 -16 -10 -352 0.00
Net Cash From Financing Activities
3.60 12 27 31 19 15 67 44 627 4.37 163
Net Cash From Continuing Financing Activities
3.60 12 27 31 19 15 67 44 627 4.37 163
Repayment of Debt
-50 -5.85 -1.48 -2.92 -33 -4.84 -25 -15 -37 -30 -42
Issuance of Debt
57 17 24 33 58 16 70 65 45 28 78
Issuance of Common Equity
- - 0.00 - - - 0.14 0.10 623 - 110
Other Financing Activities, net
0.77 0.85 4.80 1.64 0.05 4.61 23 0.85 4.31 6.87 18
Effect of Exchange Rate Changes
13 1.81 -0.55 0.21 2.97 -7.46 0.87 0.65 3.43 7.88 4.11
Cash Interest Paid
0.64 0.70 0.78 0.93 1.21 1.23 1.56 1.76 1.85 1.79 1.93
Cash Income Taxes Paid
9.23 9.63 0.00 9.11 0.69 1.42 11 13 6.55 2.42 2.06

Annual Balance Sheets for ACM Research

This table presents ACM Research's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
44 68 103 218 341 1,052 1,236 1,491 1,856 2,872
Total Current Assets
40 63 96 198 261 953 964 1,176 1,483 2,437
Cash & Equivalents
10 18 27 58 72 563 248 182 407 757
Restricted Cash
- - 0.00 60 - 0.52 0.50 1.08 3.87 8.59
Short-Term Investments
- - - 0.00 28 29 20 21 19 36
Accounts Receivable
18 29 28 34 66 125 216 326 430 555
Inventories, net
12 15 39 45 89 218 393 545 598 703
Prepaid Expenses
0.72 0.55 1.99 2.05 5.89 14 16 20 7.51 11
Other Current Assets
0.05 0.05 - - - 2.38 70 81 17 367
Plant, Property, & Equipment, net
2.26 2.34 3.71 3.62 8.19 14 83 202 269 315
Total Noncurrent Assets
1.86 2.64 3.31 16 72 85 189 113 103 121
Long-Term Investments
0.00 1.24 1.36 5.93 6.34 13 17 28 37 66
Intangible Assets
0.02 0.11 0.27 0.34 0.55 0.48 1.26 2.54 3.46 2.85
Noncurrent Deferred & Refundable Income Taxes
1.84 1.29 1.64 5.33 11 13 6.70 20 15 29
Other Noncurrent Operating Assets
- 0.00 0.04 4.08 54 59 163 62 48 22
Total Liabilities & Shareholders' Equity
44 68 103 218 341 1,052 1,236 1,491 1,856 2,872
Total Liabilities
24 28 51 60 133 241 423 565 760 942
Total Current Liabilities
17 22 46 54 103 206 396 501 641 746
Short-Term Debt
4.77 5.10 9.45 14 28 12 58 38 77 109
Accounts Payable
9.14 13 27 26 54 133 168 256 277 398
Current Deferred Revenue
0.22 0.14 - 9.13 1.34 56 158 185 252 205
Current Deferred & Payable Income Tax Liabilities
0.04 0.04 1.19 3.13 0.03 0.25 3.47 6.40 13 0.99
Other Current Liabilities
0.00 3.08 8.42 1.36 19 4.60 8.07 15 22 33
Total Noncurrent Liabilities
6.88 6.22 4.58 6.72 30 35 27 64 119 196
Long-Term Debt
- - - 0.00 18 23 19 54 106 179
Other Noncurrent Operating Liabilities
6.88 6.22 4.58 6.72 11 10 8.43 10 13 17
Commitments & Contingencies
- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2.49 40 52 97 208 812 812 926 1,096 1,931
Total Preferred & Common Equity
-2.43 40 52 97 141 676 675 767 905 1,464
Total Common Equity
-2.44 40 52 97 141 676 675 767 905 1,464
Common Stock
7.62 50 57 83 102 595 604 630 677 1,116
Retained Earnings
-9.64 -9.96 -3.39 16 34 64 94 157 260 350
Accumulated Other Comprehensive Income / (Loss)
-0.41 0.12 -0.86 -1.68 4.86 9.11 -41 -49 -63 -36
Other Equity Adjustments
- - - - - 8.31 17 30 31 34
Noncontrolling Interest
4.92 - - 0.00 67 135 137 159 191 466

Quarterly Balance Sheets for ACM Research

This table presents ACM Research's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
1,148 1,313 1,317 1,410 1,557 1,668 1,794 1,934 2,040 2,771 3,066
Total Current Assets
971 994 997 1,116 1,229 1,343 1,445 1,548 1,646 2,358 2,619
Cash & Equivalents
336 260 257 207 211 324 333 457 442 1,059 872
Restricted Cash
0.37 0.46 0.58 0.56 0.81 0.88 1.78 11 11 8.43 22
Short-Term Investments
14 13 6.38 22 19 20 20 18 21 40 35
Accounts Receivable
203 222 236 286 349 350 430 424 478 528 581
Inventories, net
328 473 471 507 581 603 629 610 648 676 738
Prepaid Expenses
18 19 19 18 20 19 11 11 14 15 13
Other Current Assets
71 5.31 6.00 76 48 27 20 17 31 31 358
Plant, Property, & Equipment, net
66 150 159 191 219 229 250 277 291 297 324
Total Noncurrent Assets
110 169 161 103 109 96 99 109 103 116 123
Long-Term Investments
19 17 16 22 31 32 34 55 57 64 68
Intangible Assets
0.87 1.23 2.11 2.16 2.80 2.84 2.84 3.00 2.85 2.71 2.72
Noncurrent Deferred & Refundable Income Taxes
6.58 13 11 16 21 21 13 16 22 27 30
Other Noncurrent Operating Assets
84 138 132 63 53 40 49 35 21 23 21
Total Liabilities & Shareholders' Equity
1,148 1,313 1,317 1,410 1,557 1,668 1,794 1,934 2,040 2,771 3,066
Total Liabilities
374 480 484 532 596 666 725 778 848 885 982
Total Current Liabilities
346 450 456 482 533 586 610 629 671 678 746
Short-Term Debt
53 59 57 41 61 74 64 93 115 94 107
Accounts Payable
139 188 179 225 259 275 302 255 295 339 401
Current Deferred Revenue
142 185 201 196 187 211 226 252 235 219 180
Current Deferred & Payable Income Tax Liabilities
8.56 8.58 10 11 11 11 6.80 6.17 0.25 0.00 25
Other Current Liabilities
3.37 9.79 9.49 9.36 15 15 11 23 25 26 33
Total Noncurrent Liabilities
28 30 27 50 63 80 115 150 177 208 237
Long-Term Debt
19 18 16 40 53 71 106 135 163 193 221
Other Noncurrent Operating Liabilities
7.99 12 11 10 9.30 9.18 8.99 15 14 14 16
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
774 833 833 878 961 1,001 1,069 1,155 1,192 1,885 2,083
Total Preferred & Common Equity
643 692 692 729 796 833 888 949 986 1,433 1,582
Total Common Equity
643 692 692 729 796 833 888 949 986 1,433 1,582
Common Stock
601 606 613 620 647 659 670 700 705 1,105 1,195
Retained Earnings
91 101 124 152 174 198 229 280 310 346 368
Accumulated Other Comprehensive Income / (Loss)
-58 -33 -62 -60 -55 -55 -41 -62 -59 -49 -15
Other Equity Adjustments
8.31 17 17 17 30 30 30 31 31 31 34
Noncontrolling Interest
131 141 141 149 165 168 181 206 205 453 502

Annual Metrics And Ratios for ACM Research

This table displays calculated financial ratios and metrics derived from ACM Research's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - 64,876,451.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 64,876,451.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 1.45
Growth Metrics
- - - - - - - - - -
Profitability Metrics
- - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
2.79 0.49 5.76 18 24 39 44 80 119 99
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - 4.98% 7.84% 9.32% 4.45%
Earnings before Interest and Taxes (EBIT)
3.49 0.70 7.73 19 19 39 56 101 160 117
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3.68 0.97 8.14 20 20 41 61 109 170 134
Valuation Ratios
- - - - - - - - - -
Leverage & Solvency
- - - - - - - - - -
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -10 -1.49 4.12 -76 -55 -317 -103 94 -441
Efficiency Ratios
- - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
15 26 33 47 148 241 603 786 811 1,351
Increase / (Decrease) in Invested Capital
0.00 11 7.25 14 100 94 362 183 25 540
Book Value per Share
($1.12) $2.60 $3.27 $5.35 $7.64 $34.66 $11.35 $12.66 $14.44 $22.57
Tangible Book Value per Share
($1.13) $2.59 $3.25 $5.33 $7.61 $34.64 $11.33 $12.62 $14.39 $22.53
Total Capital
25 45 62 171 254 847 889 1,018 1,279 2,219
Total Debt
4.77 5.10 9.45 14 46 35 77 92 183 288
Total Long-Term Debt
0.00 0.00 0.00 0.00 18 23 19 54 106 179
Net Debt
-5.35 -14 -19 -110 -61 -570 -209 -140 -285 -579
Capital Expenditures (CapEx)
0.79 0.65 1.83 0.97 5.21 9.15 91 62 82 56
Debt-free, Cash-free Net Working Capital (DFCFNWC)
18 29 32 41 85 166 357 509 489 999
Debt-free Net Working Capital (DFNWC)
28 46 59 159 185 759 626 714 919 1,800
Net Working Capital (NWC)
23 41 50 145 158 747 568 675 842 1,691
Net Nonoperating Expense (NNE)
0.41 1.36 -0.81 -1.18 2.47 -4.34 -6.25 -17 -12 -23
Net Nonoperating Obligations (NNO)
-5.35 -14 -19 -110 -61 -570 -209 -140 -285 -579
Total Depreciation and Amortization (D&A)
0.19 0.27 0.42 0.79 1.06 2.35 5.37 8.09 9.97 16
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.10 ($0.02) $0.14 $0.37 $0.34 $0.65 $0.66 $1.29 $1.67 $1.47
Adjusted Weighted Average Basic Shares Outstanding
6.53M 20.60M 47.37M 50.40M 54.70M 57.65M 59.24M 60.16M 62.21M 64.18M
Adjusted Diluted Earnings per Share
$0.06 ($0.02) $0.12 $0.33 $0.30 $0.58 $0.59 $1.16 $1.53 $1.37
Adjusted Weighted Average Diluted Shares Outstanding
11.38M 20.60M 53.74M 57.41M 63.55M 65.36M 65.34M 64.87M 66.24M 67.31M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 38.98M 42.53M 54.41M 56.23M 58.74M 59.70M 61.10M 63.13M 65.73M
Normalized Net Operating Profit after Tax (NOPAT)
2.79 0.49 5.76 12 15 39 44 80 119 99
Debt Service Ratios
- - - - - - - - - -
Payout Ratios
- - - - - - - - - -

Quarterly Metrics And Ratios for ACM Research

This table displays calculated financial ratios and metrics derived from ACM Research's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - 64,876,451.00 65,727,594.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 64,876,451.00 65,727,594.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 0.12 0.26
Growth Metrics
- - - - - - - - - - -
Revenue Growth
26.07% 56.92% 104.95% 40.05% 21.00% 31.21% 13.24% 6.37% 31.96% - 34.18%
EBITDA Growth
-10.54% 99.46% 128.10% 11.33% 29.50% 121.67% -3.71% -11.09% 14.95% - 12.70%
EBIT Growth
-12.50% 103.27% 141.01% 12.25% 30.45% 128.79% -5.99% -14.63% 11.52% - 4.25%
NOPAT Growth
42.11% 23.44% 214.07% 16.87% 23.48% 75.94% 12.67% 3.96% -31.71% - 33.27%
Net Income Growth
14.47% 64.27% 146.48% -6.54% 24.77% 67.85% 13.22% 15.51% 19.98% - 4.89%
EPS Growth
21.88% 45.00% 136.36% -14.63% 15.38% 62.07% 15.38% 25.71% 15.56% - -20.00%
Operating Cash Flow Growth
-17,725.00% -4,712.17% 68.36% 442.70% 166.83% 331.00% 154.74% -172.90% -138.82% - -659.22%
Free Cash Flow Firm Growth
25.60% 52.40% 7.97% 21.83% 47.60% 103.25% 97.29% -20.94% -19.37% - -11,448.00%
Invested Capital Growth
48.31% 30.31% 31.36% 22.99% 20.33% 3.19% 3.49% 21.97% 17.76% - 68.01%
Revenue Q/Q Growth
16.59% 1.04% -10.64% 33.04% 0.74% 9.56% -22.88% 24.96% 24.97% - -5.39%
EBITDA Q/Q Growth
-14.35% -20.13% 10.07% 47.84% -0.37% 36.72% -52.19% 36.51% 28.83% - 52.00%
EBIT Q/Q Growth
-14.76% -21.51% 9.07% 53.83% -0.94% 37.66% -55.18% 39.70% 29.40% - 75.84%
NOPAT Q/Q Growth
30.77% -46.55% 21.57% 37.55% 38.16% -23.85% -22.15% 26.92% -9.24% - 100.75%
Net Income Q/Q Growth
-7.75% -24.83% -5.18% 42.13% 23.16% 1.12% -36.04% 45.00% 27.92% - 84.60%
EPS Q/Q Growth
-4.88% -25.64% -10.34% 34.62% 28.57% 4.44% -36.17% 46.67% 18.18% - 118.18%
Operating Cash Flow Q/Q Growth
-257.06% -115.16% 74.84% 738.31% -80.66% 643.68% -94.04% -950.08% 89.70% - -187.08%
Free Cash Flow Firm Q/Q Growth
-34.50% 16.33% -4.62% 33.60% 9.85% 105.20% -187.01% -2,867.95% 11.03% - -3.16%
Invested Capital Q/Q Growth
12.89% 11.20% 3.50% -5.35% 10.45% -4.63% 3.80% 11.55% 6.64% - 4.69%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
52.51% 46.43% 51.99% 47.80% 51.40% 49.59% 47.90% 48.50% 42.04% - 46.37%
EBITDA Margin
19.24% 15.21% 18.73% 20.82% 20.59% 25.69% 15.93% 17.40% 17.93% - 13.38%
Operating Margin
19.68% 13.72% 16.58% 18.57% 21.66% 19.68% 14.96% 14.72% 10.75% - 15.64%
EBIT Margin
18.01% 13.99% 17.08% 19.75% 19.42% 24.40% 14.18% 15.85% 16.41% - 11.01%
Profit (Net Income) Margin
18.39% 13.68% 14.52% 15.51% 18.96% 17.50% 14.51% 16.84% 17.24% - 11.34%
Tax Burden Percent
97.74% 74.13% 83.49% 77.08% 90.61% 69.31% 92.07% 95.04% 94.52% - 87.43%
Interest Burden Percent
104.45% 131.89% 101.81% 101.89% 107.76% 103.50% 111.19% 111.80% 111.14% - 117.80%
Effective Tax Rate
2.26% 25.87% 16.51% 22.92% 9.39% 30.69% 7.93% 4.96% 5.48% - 12.57%
Return on Invested Capital (ROIC)
16.12% 8.17% 12.28% 14.22% 18.38% 13.36% 13.35% 13.34% 9.66% - 11.64%
ROIC Less NNEP Spread (ROIC-NNEP)
16.73% 4.75% 11.71% 13.12% 19.08% 9.31% 12.79% 10.80% 6.20% - 12.74%
Return on Net Nonoperating Assets (RNNOA)
-4.75% -0.96% -2.36% -3.14% -3.82% -1.96% -2.79% -2.38% -2.31% - -3.87%
Return on Equity (ROE)
11.37% 7.22% 9.93% 11.08% 14.56% 11.41% 10.56% 10.96% 7.34% - 7.78%
Cash Return on Invested Capital (CROIC)
-25.90% -14.82% -13.94% -6.48% -4.77% 11.78% 11.28% -5.38% -4.21% - -41.28%
Operating Return on Assets (OROA)
6.98% 5.72% 7.57% 9.18% 8.83% 11.40% 6.52% 6.97% 6.33% - 4.23%
Return on Assets (ROA)
7.13% 5.60% 6.43% 7.21% 8.63% 8.18% 6.67% 7.41% 6.65% - 4.36%
Return on Common Equity (ROCE)
9.45% 5.99% 8.24% 9.21% 12.09% 9.43% 8.71% 9.09% 5.77% - 6.08%
Return on Equity Simple (ROE_SIMPLE)
12.03% 0.00% 13.81% 12.94% 13.00% 0.00% 14.14% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
32 17 21 29 40 30 24 30 27 16 32
NOPAT Margin
19.23% 10.17% 13.84% 14.31% 19.63% 13.64% 13.77% 13.99% 10.16% - 13.68%
Net Nonoperating Expense Percent (NNEP)
-0.61% 3.42% 0.57% 1.10% -0.70% 4.05% 0.55% 2.54% 3.46% - -1.10%
Return On Investment Capital (ROIC_SIMPLE)
- 1.70% 1.96% - - 2.38% 1.72% 2.05% 1.26% 0.71% 1.31%
Cost of Revenue to Revenue
47.49% 53.57% 48.01% 52.20% 48.60% 50.41% 52.10% 51.50% 57.96% - 53.63%
SG&A Expenses to Revenue
7.35% 8.10% 10.38% 7.95% 8.36% 9.26% 7.50% 7.82% 8.27% - 5.98%
R&D to Revenue
15.51% 19.06% 15.72% 12.83% 13.65% 12.42% 15.96% 15.70% 14.73% - 15.80%
Operating Expenses to Revenue
32.83% 32.70% 35.41% 29.23% 29.73% 29.90% 32.94% 33.79% 31.29% - 30.73%
Earnings before Interest and Taxes (EBIT)
30 24 26 40 40 55 24 34 44 14 25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
32 26 29 42 42 57 27 37 48 20 31
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.49 1.54 2.22 1.72 1.43 1.05 1.55 1.68 1.75 - 1.64
Price to Tangible Book Value (P/TBV)
1.50 1.55 2.23 1.72 1.43 1.05 1.56 1.68 1.76 - 1.64
Price to Revenue (P/Rev)
2.19 2.12 2.78 2.06 1.74 1.21 1.84 2.03 2.85 - 2.69
Price to Earnings (P/E)
15.21 15.31 20.15 16.82 14.05 9.13 13.83 14.75 21.45 - 28.42
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
6.58% 6.53% 4.96% 5.95% 7.12% 10.96% 7.23% 6.78% 4.66% - 3.52%
Enterprise Value to Invested Capital (EV/IC)
1.51 1.53 2.19 1.78 1.45 1.05 1.62 1.71 2.08 - 1.71
Enterprise Value to Revenue (EV/Rev)
2.15 2.16 2.81 1.97 1.69 1.09 1.70 1.97 2.36 - 2.52
Enterprise Value to EBITDA (EV/EBITDA)
11.11 11.07 14.30 10.60 8.88 5.01 8.08 9.78 12.19 - 17.65
Enterprise Value to EBIT (EV/EBIT)
12.03 11.96 15.40 11.37 9.51 5.32 8.62 10.52 13.23 - 20.46
Enterprise Value to NOPAT (EV/NOPAT)
13.83 15.06 18.91 13.84 11.55 7.15 11.22 13.04 18.57 - 22.64
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 48.25 5.59 8.16 26.39 46.90 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 9.06 14.63 0.00 0.00 - 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.09 0.10 0.12 0.14 0.16 0.17 0.20 0.23 0.15 - 0.16
Long-Term Debt to Equity
0.05 0.06 0.06 0.07 0.10 0.10 0.12 0.14 0.10 - 0.11
Financial Leverage
-0.28 -0.20 -0.20 -0.24 -0.20 -0.21 -0.22 -0.22 -0.37 - -0.30
Leverage Ratio
1.55 1.57 1.60 1.63 1.65 1.66 1.65 1.69 1.55 - 1.54
Compound Leverage Factor
1.62 2.07 1.63 1.66 1.77 1.71 1.83 1.89 1.72 - 1.82
Debt to Total Capital
8.39% 9.04% 10.66% 12.64% 13.76% 14.30% 16.45% 18.92% 13.21% - 13.61%
Short-Term Debt to Total Capital
4.24% 3.74% 5.70% 6.47% 5.20% 6.04% 6.72% 7.83% 4.31% - 4.45%
Long-Term Debt to Total Capital
4.15% 5.30% 4.97% 6.18% 8.56% 8.25% 9.73% 11.09% 8.90% - 9.16%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital
15.55% 15.59% 15.30% 14.67% 14.59% 14.96% 14.91% 13.96% 20.83% - 20.81%
Common Equity to Total Capital
76.06% 75.36% 74.03% 72.68% 71.65% 70.74% 68.64% 67.12% 65.95% - 65.58%
Debt to EBITDA
0.84 0.85 0.92 1.12 1.23 1.08 1.35 1.69 1.68 - 2.39
Net Debt to EBITDA
-1.79 -1.29 -1.18 -1.79 -1.58 -1.68 -1.86 -1.54 -5.18 - -4.88
Long-Term Debt to EBITDA
0.42 0.50 0.43 0.55 0.77 0.62 0.80 0.99 1.13 - 1.61
Debt to NOPAT
1.04 1.15 1.22 1.47 1.60 1.53 1.87 2.26 2.56 - 3.07
Net Debt to NOPAT
-2.23 -1.76 -1.56 -2.34 -2.05 -2.39 -2.57 -2.05 -7.89 - -6.26
Long-Term Debt to NOPAT
0.52 0.68 0.57 0.72 1.00 0.89 1.10 1.32 1.73 - 2.07
Altman Z-Score
2.34 2.38 2.93 2.49 2.27 2.01 2.37 2.41 2.97 - 2.82
Noncontrolling Interest Sharing Ratio
16.96% 17.03% 17.03% 16.88% 16.95% 17.31% 17.52% 17.03% 21.44% - 21.87%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.32 2.35 2.31 2.29 2.37 2.31 2.46 2.45 3.48 - 3.51
Quick Ratio
1.07 1.06 1.09 1.18 1.28 1.34 1.43 1.40 2.40 - 2.00
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-198 -165 -173 -115 -104 5.38 -4.68 -139 -124 -524 -541
Operating Cash Flow to CapEx
-63.88% -310.78% -37.96% 470.41% 36.62% 776.06% 31.58% -304.79% -41.99% - -133.05%
Free Cash Flow to Firm to Interest Expense
-309.01 -237.41 -221.09 -123.34 -85.78 4.38 -3.01 -79.12 -66.82 - -279.82
Operating Cash Flow to Interest Expense
-27.85 -55.03 -12.32 66.08 9.86 72.15 3.39 -25.56 -2.50 - -15.28
Operating Cash Flow Less CapEx to Interest Expense
-71.45 -72.73 -44.79 52.04 -17.07 62.85 -7.35 -33.94 -8.45 - -26.77
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.39 0.41 0.44 0.46 0.46 0.47 0.46 0.44 0.39 - 0.38
Accounts Receivable Turnover
2.03 2.06 2.23 2.37 2.04 2.07 2.07 1.97 1.84 - 1.91
Inventory Turnover
0.59 0.60 0.61 0.65 0.65 0.68 0.68 0.66 0.72 - 0.79
Fixed Asset Turnover
3.85 3.92 3.45 3.58 3.31 3.32 3.24 3.14 3.22 - 3.20
Accounts Payable Turnover
1.35 1.33 1.43 1.54 1.40 1.46 1.59 1.45 1.46 - 1.63
Days Sales Outstanding (DSO)
180.03 177.21 164.03 154.29 179.17 176.31 175.91 185.37 198.65 - 191.06
Days Inventory Outstanding (DIO)
622.16 608.47 600.78 559.92 561.68 534.27 533.54 553.56 507.45 - 459.28
Days Payable Outstanding (DPO)
271.11 275.25 254.52 236.74 260.21 249.18 230.04 252.52 249.16 - 223.33
Cash Conversion Cycle (CCC)
531.08 510.43 510.29 477.47 480.64 461.41 479.41 486.41 456.94 - 427.01
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
707 786 813 770 850 811 842 939 1,001 1,351 1,414
Invested Capital Turnover
0.84 0.80 0.89 0.99 0.94 0.98 0.97 0.95 0.95 - 0.85
Increase / (Decrease) in Invested Capital
230 183 194 144 144 25 28 169 151 540 573
Enterprise Value (EV)
1,064 1,203 1,783 1,367 1,230 852 1,366 1,607 2,080 - 2,419
Market Capitalization
1,087 1,184 1,766 1,430 1,268 946 1,473 1,654 2,511 - 2,586
Book Value per Share
$12.15 $12.66 $12.97 $13.44 $14.22 $14.44 $15.03 $15.45 $22.32 $22.57 $24.06
Tangible Book Value per Share
$12.11 $12.62 $12.93 $13.39 $14.17 $14.39 $14.99 $15.40 $22.28 $22.53 $24.02
Total Capital
959 1,018 1,075 1,146 1,240 1,279 1,383 1,470 2,172 2,219 2,412
Total Debt
80 92 115 145 171 183 227 278 287 288 328
Total Long-Term Debt
40 54 53 71 106 106 135 163 193 179 221
Net Debt
-171 -140 -147 -231 -219 -285 -314 -253 -884 -579 -669
Capital Expenditures (CapEx)
28 12 25 13 33 11 17 15 11 14 22
Debt-free, Cash-free Net Working Capital (DFCFNWC)
445 509 527 487 544 489 526 616 667 999 1,052
Debt-free Net Working Capital (DFNWC)
675 714 757 831 900 919 1,012 1,090 1,774 1,800 1,981
Net Working Capital (NWC)
634 675 696 757 835 842 919 975 1,680 1,691 1,874
Net Nonoperating Expense (NNE)
1.43 -5.97 -1.03 -2.42 1.36 -8.62 -1.28 -6.15 -19 1.54 5.40
Net Nonoperating Obligations (NNO)
-171 -140 -147 -231 -219 -285 -314 -253 -884 -579 -669
Total Depreciation and Amortization (D&A)
2.07 2.07 2.52 2.17 2.39 2.89 3.02 3.34 4.10 5.87 5.47
Debt-free, Cash-free Net Working Capital to Revenue
89.74% 91.28% 82.84% 70.16% 74.65% 62.49% 65.53% 75.54% 75.73% - 109.57%
Debt-free Net Working Capital to Revenue
136.02% 127.94% 119.15% 119.83% 123.43% 117.56% 126.13% 133.68% 201.51% - 206.30%
Net Working Capital to Revenue
127.83% 121.11% 109.51% 109.15% 114.58% 107.68% 114.55% 119.56% 190.87% - 195.13%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.43 $0.29 $0.28 $0.39 $0.49 $0.51 $0.32 $0.47 $0.56 $0.12 $0.26
Adjusted Weighted Average Basic Shares Outstanding
60.22M 60.16M 61.37M 62.18M 62.50M 62.21M 63.27M 63.97M 64.38M 64.18M 65.80M
Adjusted Diluted Earnings per Share
$0.39 $0.29 $0.26 $0.35 $0.45 $0.47 $0.30 $0.44 $0.52 $0.11 $0.24
Adjusted Weighted Average Diluted Shares Outstanding
65.45M 64.87M 66.24M 67.06M 66.67M 66.24M 66.95M 67.46M 68.41M 67.31M 69.77M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
60.61M 61.10M 62.01M 62.47M 62.63M 63.13M 63.86M 64.18M 64.88M 65.73M 66.22M
Normalized Net Operating Profit after Tax (NOPAT)
32 17 21 29 40 30 24 30 27 16 32
Normalized NOPAT Margin
19.23% 10.17% 13.84% 14.31% 19.63% 13.64% 13.77% 13.99% 10.16% - 13.68%
Pre Tax Income Margin
18.81% 18.45% 17.39% 20.12% 20.92% 25.25% 15.76% 17.72% 18.24% - 12.97%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
47.44 34.19 33.19 42.90 32.78 44.40 15.68 19.43 23.86 - 13.18
NOPAT to Interest Expense
50.66 24.86 26.90 31.09 33.14 24.83 15.23 17.14 14.77 - 16.36
EBIT Less CapEx to Interest Expense
3.84 16.48 0.73 28.85 5.85 35.10 4.95 11.04 17.91 - 1.69
NOPAT Less CapEx to Interest Expense
7.06 7.16 -5.56 17.04 6.21 15.53 4.50 8.76 8.82 - 4.88
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 4.08% 0.00% 0.00% 0.00% 5.26% 0.00% 0.00% 5.16% - 0.00%
Augmented Payout Ratio
0.00% 4.08% 0.00% 0.00% 0.00% 5.26% 0.00% 0.00% 5.16% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends from ACM Research (ACMR) across the last four years of quarterly statements. Bullets are ordered to emphasize potential positives first, then neutrals, then negatives.

  • Strong liquidity in recent quarters: Cash and cash equivalents were around $1.06 billion as of Q3 2025, with about $8.4 million in restricted cash, providing substantial liquidity headroom.
  • Revenue continued to scale in 2025: Q4 2025 revenue reached $244.43 million, up from $223.47 million in Q4 2024, indicating year-over-year top-line growth.
  • Positive operating cash flow in the latest quarter: Net cash from continuing operating activities was $33.9 million in Q4 2025, showing ongoing cash generation from core operations.
  • Gross margins remained solid in 2025: 2025 quarters typically posted gross margins in the low- to mid-40% range (example: Q4 2025 gross margin about 40.9%), signaling decent profitability on revenue.
  • Asset growth and liquidity cushion: Total assets rose to about $2.77 billion by Q3 2025, with current assets around $2.36 billion and current liabilities near $678 million, suggesting strong liquidity coverage.
  • Profitability oscillates quarter to quarter: Net income and earnings per share have fluctuated across quarters (e.g., Q4 2025 net income continuing roughly $14.2 million vs higher quarters earlier in 2025), implying variability in quarterly profitability.
  • Cash flow from investing is consistently negative in some periods: Several quarters show sizable investing outflows (PPE purchases, acquisitions, etc.), contributing to negative free cash flow in those periods.
  • Q4 2025 net income and EPS weakened vs prior year: Net income per share declined in Q4 2025 (basic EPS about $0.12; diluted EPS about $0.11) compared with Q4 2024, signaling margin deterioration.
  • Q4 2025 cash burn despite operating gains: Net change in cash and equivalents for Q4 2025 was negative by about $301.4 million, driven by investing outflows, despite positive operating cash flow in that quarter.
  • Quarterly profitability and dilution considerations remain mixed: While several quarters show positive net income and EPS, the mix across 2025 includes softer late-quarter results and substantial financing activity in some periods, which can introduce volatility for shareholders.
05/29/26 04:10 PM ETAI Generated. May Contain Errors.

ACM Research Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ACM Research's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ACM Research's net income appears to be on an upward trend, with a most recent value of $121.89 million in 2025, rising from $2.39 million in 2016. The previous period was $131.27 million in 2024. Check out ACM Research's forecast to explore projected trends and price targets.

ACM Research's total operating income in 2025 was $109.43 million, based on the following breakdown:
  • Total Gross Profit: $400.07 million
  • Total Operating Expenses: $290.64 million

Over the last 9 years, ACM Research's total revenue changed from $27.37 million in 2016 to $901.31 million in 2025, a change of 3,192.9%.

ACM Research's total liabilities were at $941.68 million at the end of 2025, a 23.9% increase from 2024, and a 3,832.2% increase since 2016.

In the past 9 years, ACM Research's cash and equivalents has ranged from $10.12 million in 2016 to $757.37 million in 2025, and is currently $757.37 million as of their latest financial filing in 2025.

Over the last 9 years, ACM Research's book value per share changed from -1.12 in 2016 to 22.57 in 2025, a change of -2,116.6%.



Financial statements for NASDAQ:ACMR last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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