American Superconductor (AMSC) Financials

$55.01 +4.71 (+9.36%)

Closing price 04:00 PM Eastern

Extended Trading

$54.93 -0.08 (-0.15%)

As of 05:23 PM Eastern

Annual Income Statements for American Superconductor

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-49	-23	-27	-33	27	-17	85	-19	-35	-11	6.03
Consolidated Net Income / (Loss)	-49	-23	-27	-33	27	-17	-23	-19	-35	-11	6.03
Net Income / (Loss) Continuing Operations	-49	-23	-27	-33	27	-17	85	-19	-35	-11	6.03
Total Pre-Tax Income	-49	-21	-26	-33	33	-17	-24	-21	-35	-11	2.37
Total Operating Income	-53	-20	-28	-32	34	-23	-23	-21	-33	-11	-1.08
Total Gross Profit	3.09	22	11	3.80	14	9.45	0.00	13	8.52	35	62
Total Revenue	71	96	75	48	56	64	87	108	106	146	223
Operating Revenue	71	96	75	48	56	64	87	108	106	146	223
Total Cost of Revenue	67	74	64	45	42	54	0.00	95	97	110	161
Operating Cost of Revenue	67	74	64	45	42	54	0.00	95	97	110	161
Total Operating Expenses	56	42	38	36	-20	33	3.06	35	42	47	63
Selling, General & Admin Expense	29	29	26	23	22	23	0.00	27	29	32	43
Research & Development Expense	12	12	13	12	9.87	9.57	0.00	10	8.97	7.99	11
Amortization Expense	0.16	0.16	0.16	0.18	0.34	0.34	0.00	2.47	2.75	2.15	1.73
Restructuring Charge	-	-	-	1.53	0.45	0.00	-	0.00	1.05	-0.01	0.00
Other Special Charges / (Income)	8.99	0.00	0.00	0.07	-53	0.00	3.06	-5.85	0.07	4.92	6.68
Total Other Income / (Expense), net	3.68	-0.63	1.31	-0.78	-0.88	6.23	0.00	0.05	-1.82	0.57	3.44
Interest & Investment Income	2.08	1.83	1.25	2.02	-2.48	5.98	0.00	0.08	0.25	1.30	3.71
Other Income / (Expense), net	1.60	-2.46	0.07	-2.80	1.60	0.25	0.00	-0.03	-2.07	-0.74	-0.27
Income Tax Expense	-0.18	2.39	1.14	-0.16	6.38	0.20	-0.83	-1.85	0.22	0.31	-3.67
Basic Earnings per Share	($5.74)	($1.76)	($1.98)	($1.73)	$1.32	($0.81)	($0.95)	($0.71)	($1.26)	($0.37)	$0.16
Weighted Average Basic Shares Outstanding	8.48M	13.18M	13.80M	18.97M	20.34M	20.99M	23.88K	27.20M	27.85M	29.83M	36.99M
Diluted Earnings per Share	($5.74)	($1.76)	($1.98)	($1.73)	$1.29	($1.03)	($0.95)	($0.71)	($1.26)	($0.37)	$0.16
Weighted Average Diluted Shares Outstanding	8.48M	13.18M	13.80M	18.97M	20.73M	21.07M	23.88K	27.20M	27.85M	29.83M	37.72M
Weighted Average Basic & Diluted Shares Outstanding	8.50M	13.10M	18.59M	20.98M	21.45M	22.64M	-	29.60M	29.60M	39.50M	39.50M

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.52	4.89	2.47	1.21	-2.52	4.89	2.47	1.21	6.72	4.75	118
Consolidated Net Income / (Loss)	-2.52	4.89	2.47	1.21	-2.52	4.89	2.47	1.21	6.72	4.75	118
Net Income / (Loss) Continuing Operations	-2.52	4.89	2.47	1.21	-2.52	4.89	2.47	1.21	6.72	4.75	118
Total Pre-Tax Income	-2.33	-0.10	2.39	2.41	-2.33	-0.10	2.39	2.41	6.92	4.87	5.43
Total Operating Income	-3.29	-0.75	1.32	1.65	-3.29	-0.75	1.32	1.65	5.64	2.97	3.36
Total Gross Profit	12	16	16	18	12	16	16	18	24	20	23
Total Revenue	40	54	61	67	40	54	61	67	72	66	75
Operating Revenue	40	54	61	67	40	54	61	67	72	66	75
Total Cost of Revenue	28	39	45	49	28	39	45	49	48	45	52
Operating Cost of Revenue	28	39	45	49	28	39	45	49	48	45	52
Total Operating Expenses	16	16	15	16	16	16	15	16	19	17	19
Selling, General & Admin Expense	8.90	11	12	12	8.90	11	12	12	14	13	15
Research & Development Expense	2.29	2.65	3.00	3.49	2.29	2.65	3.00	3.49	4.30	3.73	3.54
Amortization Expense	0.41	0.43	0.44	0.44	0.41	0.43	0.44	0.44	0.34	0.34	0.51
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	-	-	-	0.00
Total Other Income / (Expense), net	0.96	0.65	1.07	0.76	0.96	0.65	1.07	0.76	1.28	1.90	2.07
Interest & Investment Income	1.12	0.98	0.80	0.81	1.12	0.98	0.80	0.81	0.93	2.27	2.00
Other Income / (Expense), net	-0.16	-0.33	0.27	-0.05	-0.16	-0.33	0.27	-0.05	0.35	-0.37	0.08
Income Tax Expense	0.19	-4.99	-0.08	1.21	0.19	-4.99	-0.08	1.21	0.20	0.12	-112
Basic Earnings per Share	($0.07)	$0.13	$0.07	$0.03	($0.07)	$0.13	$0.07	$0.03	$0.17	$0.11	$2.68
Weighted Average Basic Shares Outstanding	35.68M	36.95M	37.66M	36.99M	35.68M	36.95M	37.66M	36.99M	38.88M	43.24M	43.96M
Diluted Earnings per Share	($0.07)	$0.13	$0.06	$0.04	($0.07)	$0.13	$0.06	$0.04	$0.17	$0.11	$2.62
Weighted Average Diluted Shares Outstanding	35.68M	37.50M	38.46M	37.72M	35.68M	37.50M	38.46M	37.72M	39.74M	44.21M	44.94M
Weighted Average Basic & Diluted Shares Outstanding	38.30M	39.45M	39.46M	39.50M	45.16M	39.45M	39.46M	39.50M	45.16M	45.19M	47.61M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	-23	19	-13	6.05	44	-47	45	-26	-24	67	-6.90
Net Cash From Operating Activities	-33	-4.56	-11	-25	43	-16	-8.68	-19	-22	2.14	28
Net Cash From Continuing Operating Activities	-33	-4.57	-11	-25	43	-16	-8.68	-19	-22	2.14	28
Net Income / (Loss) Continuing Operations	-49	-23	-27	-33	27	-17	-23	-19	-35	-11	6.03
Consolidated Net Income / (Loss)	-49	-23	-27	-33	27	-17	-23	-19	-35	-11	6.03
Depreciation Expense	9.55	7.97	7.52	11	4.61	4.31	5.35	5.34	5.36	4.49	5.56
Amortization Expense	0.57	0.36	0.16	0.02	-0.22	-0.31	-0.09	-0.05	-	0.32	0.98
Non-Cash Adjustments To Reconcile Net Income	2.91	5.71	3.23	2.75	7.39	-3.15	5.88	6.90	8.49	11	14
Changes in Operating Assets and Liabilities, net	2.95	4.53	5.24	-6.28	4.18	-0.25	2.86	-12	-1.30	-2.83	1.77
Net Cash From Investing Activities	1.81	4.87	0.19	16	2.17	-37	2.47	-7.16	-1.52	-0.96	-35
Net Cash From Continuing Investing Activities	1.81	4.87	0.19	16	2.17	-37	2.47	-7.16	-1.52	-0.96	-35
Purchase of Property, Plant & Equipment	-0.74	-1.20	-0.66	-2.53	-0.95	-3.63	-1.76	-0.94	-1.24	-0.93	-2.42
Acquisitions	-	0.00	0.00	-	0.00	-1.00	-26	-11	-	0.00	-30
Other Investing Activities, net	2.53	2.94	0.49	-0.02	-0.14	0.01	0.08	0.07	-0.28	-0.03	-3.21
Net Cash From Financing Activities	8.78	18	-1.13	15	-0.30	5.78	51	0.14	0.16	65	0.01
Net Cash From Continuing Financing Activities	8.78	18	-1.13	15	-0.30	5.78	51	0.14	0.16	65	0.01
Repayment of Debt	-7.30	-4.00	-3.17	-1.58	-	-	0.00	-0.05	-0.07	-0.07	-0.03
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	0.00	-0.13
Issuance of Common Equity	0.12	0.03	2.53	17	0.16	0.20	52	0.24	0.24	0.28	0.31
Other Financing Activities, net	-0.40	-0.11	-0.49	-0.27	-0.46	5.57	-0.93	-0.05	-	0.00	-0.15
Cash Income Taxes Paid	0.36	1.72	0.99	1.58	2.86	3.65	0.59	0.53	0.35	0.29	0.31

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q4 2025	Q1 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2023	12/31/2024	3/31/2025	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025
Net Change in Cash & Equivalents	-2.55	0.86	1.05	-23	5.25	5.34	3.24	5.28	5.31	128	-72
Net Cash From Operating Activities	-2.25	0.90	1.25	-22	5.87	6.29	3.41	5.87	6.29	4.13	3.25
Net Cash From Continuing Operating Activities	-2.25	0.90	1.25	-22	5.87	6.29	3.41	5.87	6.29	4.13	3.25
Net Income / (Loss) Continuing Operations	-5.40	-2.49	-1.65	-26	2.47	1.21	-2.52	2.47	1.21	6.72	118
Consolidated Net Income / (Loss)	-5.40	-2.49	-1.65	-26	2.47	1.21	-2.52	2.47	1.21	6.72	118
Depreciation Expense	1.12	1.12	1.13	2.00	1.59	1.58	1.01	1.59	1.58	1.23	1.66
Amortization Expense	-	-	0.34	-	0.21	0.22	0.19	0.21	0.22	0.24	0.22
Non-Cash Adjustments To Reconcile Net Income	1.91	1.78	1.50	2.85	2.47	9.69	5.45	2.47	9.69	5.02	4.00
Changes in Operating Assets and Liabilities, net	0.13	0.37	-0.06	-1.73	-0.86	-6.40	-0.72	-0.86	-6.40	-9.09	-120
Net Cash From Investing Activities	-0.29	-0.15	-0.20	-0.87	-0.58	-1.14	-0.02	-0.58	-1.14	-0.74	-73
Net Cash From Continuing Investing Activities	-0.29	-0.15	-0.20	-0.87	-0.58	-1.14	-0.02	-0.58	-1.14	-0.74	-73
Purchase of Property, Plant & Equipment	-0.21	-0.22	-0.21	-0.60	-0.52	-1.04	-0.27	-0.52	-1.04	-0.81	-0.89
Acquisitions	-	-	-	-	-	-	-	-	-	-	-72
Other Investing Activities, net	-0.08	0.07	0.00	-0.27	-0.05	-0.10	0.25	-0.05	-0.10	0.08	-0.16
Net Cash From Financing Activities	-0.02	0.12	-0.02	0.08	-	0.15	-0.14	-	0.15	125	-0.96
Net Cash From Continuing Financing Activities	-0.02	0.12	-0.02	0.08	-	0.15	-0.14	-	0.15	125	-0.96
Repayment of Debt	-0.02	-0.02	-0.02	-0.02	-	-	-0.02	-	-	0.00	-0.88
Issuance of Common Equity	-	-	-	0.10	-	0.15	0.00	-	0.15	125	-0.08
Effect of Exchange Rate Changes	0.00	-0.01	0.01	0.03	-0.05	-	-0.00	-	-	0.07	-0.79
Cash Income Taxes Paid	0.08	0.09	0.09	0.09	0.02	0.05	0.15	0.02	0.05	0.04	0.03

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	134	135	100	88	119	124	169	174	176	233	311
Total Current Assets	65	83	56	67	103	94	105	94	106	166	207
Cash & Equivalents	20	39	27	34	77	25	68	41	23	91	79
Restricted Cash	2.82	0.46	0.80	-	0.00	0.51	2.16	2.75	1.73	0.47	1.61
Accounts Receivable	9.88	19	7.96	7.37	7.86	17	13	20	31	26	46
Inventories, net	21	19	17	20	12	19	13	24	37	42	71
Prepaid Expenses	11	5.78	2.70	2.95	3.05	2.96	3.55	7.05	13	7.30	8.06
Plant, Property, & Equipment, net	56	50	43	13	8.97	8.57	9.00	14	12	11	39
Total Noncurrent Assets	13	2.20	1.11	8.49	6.96	21	55	66	57	55	65
Long-Term Investments	-	-	-	-	0.00	5.05	-	-	-	0.00	1.11
Goodwill	-	-	0.00	1.72	1.72	1.72	35	43	43	43	48
Intangible Assets	1.42	0.85	0.30	3.23	2.89	3.55	9.15	11	8.53	6.37	5.92
Noncurrent Deferred & Refundable Income Taxes	7.77	0.10	0.41	0.54	1.36	1.55	1.22	1.22	1.11	1.12	1.18
Other Noncurrent Operating Assets	2.75	0.32	0.23	0.27	0.28	3.74	4.06	3.74	3.39	3.19	4.79
Other Noncurrent Nonoperating Assets	1.24	0.93	0.17	0.17	0.72	5.66	5.57	6.15	0.58	1.29	4.27
Total Liabilities & Shareholders' Equity	134	135	100	88	119	124	169	174	176	233	311
Total Liabilities	54	52	40	36	38	52	52	64	94	88	113
Total Current Liabilities	47	41	32	27	28	41	41	54	84	79	100
Short-Term Debt	3.76	2.62	1.48	-	-	-	0.00	0.07	1.35	3.13	0.00
Accounts Payable	22	23	14	13	16	22	20	29	38	24	32
Current Deferred Revenue	11	12	14	13	7.56	18	13	23	44	51	67
Other Current Liabilities	3.00	3.23	1.92	1.22	4.94	0.44	7.66	1.94	0.81	0.72	0.69
Total Noncurrent Liabilities	6.70	11	7.80	8.62	9.75	11	12	11	9.66	9.39	14
Long-Term Debt	3.88	1.37	-	-	-	-	0.00	0.09	0.02	-	0.00
Capital Lease Obligations	-	-	-	-	0.00	3.00	3.25	2.90	2.18	1.97	2.68
Noncurrent Deferred Revenue	2.76	9.27	7.63	8.45	7.96	7.71	7.99	7.22	7.19	7.10	9.34
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.06	0.13	0.11	1.70	0.18	0.27	0.30	0.24	0.30	1.60
Other Noncurrent Operating Liabilities	0.07	0.06	0.05	0.06	0.09	0.04	0.03	0.03	0.03	0.03	0.03
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	80	84	60	52	81	72	117	109	82	145	197
Total Preferred & Common Equity	80	84	60	52	81	72	117	109	82	145	197
Total Common Equity	80	84	60	52	81	72	117	109	82	145	197
Common Stock	986	1,012	1,018	1,041	1,045	1,054	1,122	1,134	1,139	1,213	1,260
Retained Earnings	-905	-928	-956	-988	-962	-979	-1,001	-1,021	-1,056	-1,067	-1,061
Treasury Stock	-0.77	-0.88	-1.37	-1.65	-2.10	-2.67	-3.59	-3.64	-3.64	-3.64	-3.77
Accumulated Other Comprehensive Income / (Loss)	-0.31	0.66	-0.50	0.88	-0.01	-0.22	-0.28	-0.29	1.57	1.58	1.57

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2024	12/31/2024	6/30/2025	9/30/2025	12/31/2025
Total Assets	171	166	240	298	310	453	298	310	453	446	720
Total Current Assets	104	100	173	195	205	349	195	205	349	343	325
Cash & Equivalents	23	24	93	72	75	208	72	75	208	213	141
Restricted Cash	0.55	0.67	0.47	1.20	1.31	1.35	1.20	1.31	1.35	2.87	2.75
Accounts Receivable	28	25	24	40	44	55	40	44	55	40	63
Inventories, net	48	44	45	71	75	72	71	75	72	75	105
Prepaid Expenses	5.40	6.64	10	11	10	13	11	10	13	12	13
Plant, Property, & Equipment, net	12	11	11	39	38	39	39	38	39	39	87
Total Noncurrent Assets	56	55	57	65	66	65	65	66	65	64	307
Long-Term Investments	-	-	-	1.25	1.40	1.41	1.25	1.40	1.41	1.51	1.56
Goodwill	43	43	43	49	49	48	49	49	48	48	166
Intangible Assets	7.45	6.91	5.96	7.33	6.62	5.58	7.33	6.62	5.58	5.24	14
Noncurrent Deferred & Refundable Income Taxes	1.08	1.14	1.11	1.20	1.16	1.26	1.20	1.16	1.26	1.25	117
Other Noncurrent Operating Assets	3.02	3.04	4.45	4.43	4.81	4.88	4.43	4.81	4.88	4.62	4.67
Other Noncurrent Nonoperating Assets	0.62	0.38	1.60	1.45	3.52	4.18	1.45	3.52	4.18	3.00	3.29
Total Liabilities & Shareholders' Equity	171	166	240	298	310	453	298	310	453	446	720
Total Liabilities	94	87	97	111	118	120	111	118	120	103	183
Total Current Liabilities	85	78	86	95	104	105	95	104	105	88	122
Short-Term Debt	3.53	1.27	7.03	0.00	0.00	-	0.00	0.00	-	-	1.62
Accounts Payable	29	23	22	25	29	38	25	29	38	35	47
Current Deferred Revenue	52	53	56	69	74	66	69	74	66	52	73
Other Current Liabilities	0.70	0.68	0.86	0.56	0.68	0.85	0.56	0.68	0.85	0.97	1.08
Total Noncurrent Liabilities	9.17	9.27	11	16	13	14	16	13	14	16	61
Long-Term Debt	0.00	0.00	-	-	-	-	-	-	-	-	6.12
Capital Lease Obligations	-	-	-	-	-	2.91	-	-	2.91	2.68	2.56
Noncurrent Deferred Revenue	6.95	7.15	6.93	12	9.00	9.84	12	9.00	9.84	11	17
Noncurrent Deferred & Payable Income Tax Liabilities	0.26	0.24	0.30	1.59	1.42	1.65	1.59	1.42	1.65	1.67	0.00
Other Noncurrent Operating Liabilities	1.95	1.89	3.39	2.84	2.75	0.03	2.84	2.75	0.03	0.03	35
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	77	80	143	187	193	333	187	193	333	342	537
Total Preferred & Common Equity	77	80	143	187	193	333	187	193	333	342	537
Total Common Equity	77	80	143	187	193	333	187	193	333	342	537
Common Stock	1,142	1,147	1,215	1,254	1,257	1,389	1,254	1,257	1,389	1,394	1,476
Retained Earnings	-1,063	-1,065	-1,069	-1,064	-1,062	-1,054	-1,064	-1,062	-1,054	-1,049	-931
Treasury Stock	-3.64	-3.64	-3.77	-3.77	-3.77	-3.77	-3.77	-3.77	-3.77	-3.77	-3.77
Accumulated Other Comprehensive Income / (Loss)	1.63	1.53	1.60	1.51	1.66	1.38	1.51	1.66	1.38	1.38	-4.33

This table displays calculated financial ratios and metrics derived from American Superconductor's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.14%	-21.69%	-35.63%	16.12%	13.58%	0.00%	0.00%	24.46%	0.00%	37.42%	52.99%
EBITDA Growth	65.09%	-39.02%	-18.57%	270.39%	-147.18%	0.00%	5.13%	12.01%	-88.61%	75.47%	171.26%
EBIT Growth	55.67%	-21.71%	-27.22%	201.90%	-164.22%	0.00%	-1.26%	8.84%	-66.11%	65.49%	88.91%
NOPAT Growth	61.69%	-36.90%	-16.76%	222.05%	-158.93%	0.00%	30.69%	8.96%	-56.52%	65.56%	65.49%
Net Income Growth	52.44%	-18.30%	-19.74%	181.65%	-163.88%	0.00%	0.00%	15.37%	0.00%	68.29%	154.30%
EPS Growth	69.34%	-12.50%	12.63%	174.57%	-179.85%	0.00%	0.00%	25.26%	0.00%	70.63%	143.24%
Operating Cash Flow Growth	86.05%	-146.00%	-121.37%	272.05%	-138.62%	0.00%	0.00%	-159.01%	0.00%	109.51%	1,222.97%
Free Cash Flow Firm Growth	108.55%	-409.35%	-1.61%	750.51%	-152.65%	0.00%	0.00%	28.41%	23.56%	77.56%	-933.66%
Invested Capital Growth	-25.66%	-27.46%	-47.06%	-83.34%	205.84%	0.00%	327.50%	46.79%	3.80%	-3.82%	97.45%
Revenue Q/Q Growth	2.56%	-13.09%	-5.28%	1.98%	5.89%	0.00%	0.00%	0.00%	-21.70%	0.00%	0.00%
EBITDA Q/Q Growth	7.66%	-29.21%	6.09%	-1.87%	-38.06%	0.00%	0.00%	0.00%	-145.53%	0.00%	0.00%
EBIT Q/Q Growth	6.32%	-19.21%	3.44%	1.02%	-26.51%	0.00%	0.00%	0.00%	-110.05%	0.00%	0.00%
NOPAT Q/Q Growth	16.61%	-23.72%	3.54%	-9.87%	0.80%	0.00%	0.00%	0.00%	-106.58%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	-14.96%	2.76%	-8.10%	12.61%	0.00%	0.00%	0.00%	-113.65%	0.00%	0.00%
EPS Q/Q Growth	-2.92%	-14.45%	-2.37%	-12.24%	0.00%	0.00%	0.00%	0.00%	-113.56%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	76.67%	-53.74%	-18.71%	-1.11%	27.81%	0.00%	0.00%	-7.70%	-1,020.33%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	113.20%	-152.45%	65.93%	-25.61%	-2.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-10.46%	-13.47%	-48.73%	-64.65%	-34.73%	0.00%	0.00%	0.00%	6.98%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.89%	14.42%	7.84%	24.94%	14.80%	14.80%	0.00%	12.44%	8.04%	24.23%	27.76%
EBITDA Margin	-14.83%	-26.33%	-48.51%	71.18%	-29.57%	-29.57%	-20.55%	-14.53%	-28.04%	-5.00%	2.33%
Operating Margin	-20.95%	-36.63%	-66.44%	60.53%	-36.23%	-36.23%	-26.59%	-19.45%	-31.15%	-7.81%	-0.48%
EBIT Margin	-23.51%	-36.54%	-72.22%	63.38%	-35.83%	-35.83%	-26.59%	-19.47%	-33.10%	-8.31%	-0.60%
Profit (Net Income) Margin	-24.10%	-36.40%	-67.71%	47.61%	-26.78%	-26.78%	-26.03%	-17.70%	-33.06%	-7.63%	2.71%
Tax Burden Percent	111.52%	104.35%	99.51%	80.75%	101.15%	101.15%	96.46%	91.21%	100.62%	102.86%	254.99%
Interest Burden Percent	91.91%	95.47%	94.22%	93.04%	73.88%	73.88%	101.49%	99.64%	99.28%	89.24%	-176.30%
Effective Tax Rate	0.00%	0.00%	0.00%	19.25%	0.00%	-1.15%	0.00%	0.00%	0.00%	0.00%	-154.99%
Return on Invested Capital (ROIC)	-25.65%	-47.73%	-86.67%	261.96%	-266.40%	-255.41%	-67.12%	-30.55%	-39.45%	-13.60%	-3.22%
ROIC Less NNEP Spread (ROIC-NNEP)	8.11%	-22.04%	-52.74%	263.23%	-265.12%	-265.40%	-57.92%	-21.84%	11.94%	-7.83%	-13.49%
Return on Net Nonoperating Assets (RNNOA)	-2.66%	9.65%	28.38%	-221.85%	244.11%	0.00%	38.47%	11.20%	-3.39%	3.78%	6.75%
Return on Equity (ROE)	-28.31%	-38.08%	-58.29%	40.11%	-22.29%	0.00%	-28.65%	-19.35%	-42.84%	-9.82%	3.53%
Cash Return on Invested Capital (CROIC)	3.78%	-15.90%	-25.13%	404.85%	-367.84%	0.00%	-191.29%	-68.47%	-43.18%	-9.70%	-68.74%
Operating Return on Assets (OROA)	-16.78%	-23.33%	-37.11%	34.33%	-18.79%	-18.43%	-13.72%	-12.26%	-19.98%	-5.93%	-0.49%
Return on Assets (ROA)	-17.19%	-23.24%	-34.79%	25.79%	-14.05%	-13.78%	-13.43%	-11.14%	-19.96%	-5.44%	2.22%
Return on Common Equity (ROCE)	-28.31%	-38.08%	-58.29%	40.11%	-22.29%	0.00%	-28.65%	-19.35%	-42.84%	-9.82%	3.53%
Return on Equity Simple (ROE_SIMPLE)	-27.70%	-45.45%	-62.75%	32.96%	-23.67%	-23.67%	-19.45%	-23.46%	-42.84%	-7.69%	3.06%
Net Operating Profit after Tax (NOPAT)	-14	-19	-23	27	-16	-23	-16	-15	-23	-7.96	-2.75
NOPAT Margin	-14.67%	-25.64%	-46.51%	48.88%	-25.36%	-36.65%	-18.61%	-13.61%	-21.80%	-5.46%	-1.23%
Net Nonoperating Expense Percent (NNEP)	-33.76%	-25.70%	-33.93%	-1.27%	-1.28%	9.99%	-9.20%	-8.71%	-51.39%	-5.77%	10.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-5.32%	-1.37%
Cost of Revenue to Revenue	77.11%	85.58%	92.16%	75.06%	85.20%	85.20%	0.00%	87.56%	91.96%	75.77%	72.24%
SG&A Expenses to Revenue	30.06%	34.16%	46.64%	39.19%	35.51%	35.51%	0.00%	25.36%	27.08%	21.70%	19.34%
R&D to Revenue	12.81%	16.68%	23.95%	17.57%	14.98%	14.98%	0.00%	9.66%	8.46%	5.49%	5.13%
Operating Expenses to Revenue	43.84%	51.05%	74.28%	-35.59%	51.03%	51.03%	3.51%	31.89%	39.19%	32.03%	28.24%
Earnings before Interest and Taxes (EBIT)	-23	-27	-35	36	-23	-23	-23	-21	-35	-12	-1.34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	-20	-23	40	-19	-19	-18	-16	-30	-7.29	5.19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	1.71	1.60	4.49	2.65	1.77	2.87	3.63
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	1.85	1.72	7.18	7.27	4.87	4.38	5.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	1.94	1.81	6.00	2.00	1.37	2.85	3.21
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	6.16	0.00	0.00	0.00	118.65
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	-14.81%	16.23%	0.00%	0.00%	0.00%	0.84%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	7.23	6.34	11.52	3.35	2.07	5.74	5.62
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	1.04	0.91	5.18	1.78	1.16	2.26	2.86
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	122.50
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	154.05	22.49
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.02	0.00	0.00	0.04	0.04	0.03	0.02	0.04	0.04	0.01
Long-Term Debt to Equity	0.02	0.00	0.00	0.00	0.04	0.04	0.03	0.00	0.03	0.01	0.01
Financial Leverage	-0.33	-0.44	-0.54	-0.84	-0.92	0.00	-0.66	-0.51	-0.28	-0.48	-0.50
Leverage Ratio	1.65	1.64	1.68	1.56	1.59	1.72	1.45	1.74	2.15	1.80	1.59
Compound Leverage Factor	1.51	1.56	1.58	1.45	1.17	1.27	1.47	1.73	2.13	1.61	-2.80
Debt to Total Capital	4.56%	2.40%	0.00%	0.00%	3.99%	3.99%	2.71%	1.64%	4.15%	3.40%	1.34%
Short-Term Debt to Total Capital	3.00%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	1.62%	1.58%	2.09%	0.00%
Long-Term Debt to Total Capital	1.56%	0.00%	0.00%	0.00%	3.99%	3.99%	2.71%	0.02%	2.58%	1.31%	1.34%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	95.44%	97.60%	100.00%	100.00%	96.01%	96.01%	97.29%	98.36%	95.85%	96.60%	98.66%
Debt to EBITDA	-0.28	-0.07	0.00	0.00	-0.16	-0.16	-0.18	-0.09	-0.12	-0.70	0.52
Net Debt to EBITDA	2.51	1.32	0.00	0.00	3.04	3.04	4.01	1.51	0.73	11.78	-15.31
Long-Term Debt to EBITDA	-0.10	0.00	0.00	0.00	-0.16	-0.16	-0.18	0.00	-0.07	-0.27	0.52
Debt to NOPAT	-0.28	-0.08	0.00	0.00	-0.19	-0.13	-0.20	-0.09	-0.15	-0.64	-0.98
Net Debt to NOPAT	2.54	1.35	0.00	0.00	3.55	2.45	4.43	1.61	0.93	10.79	28.96
Long-Term Debt to NOPAT	-0.10	0.00	0.00	0.00	-0.19	-0.13	-0.20	0.00	-0.10	-0.25	-0.98
Altman Z-Score	0.00	0.00	0.00	0.00	-9.19	-9.28	-1.78	-6.66	-7.39	-2.68	0.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.03	1.73	2.46	3.64	2.30	2.30	2.58	1.26	1.26	2.11	2.07
Quick Ratio	1.43	1.08	1.63	3.11	1.75	1.75	2.12	0.64	0.64	1.48	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.08	-6.42	-6.53	42	-22	0.00	-46	-33	-25	-5.68	-59
Operating Cash Flow to CapEx	-395.06%	-1,788.68%	0.00%	0.00%	-2,622.73%	-2,622.73%	-492.12%	-1,819.17%	-1,819.17%	228.91%	1,171.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.64	0.51	0.54	0.52	0.51	0.52	0.63	0.60	0.71	0.82
Accounts Receivable Turnover	6.59	5.53	6.32	7.39	5.14	3.76	6.57	4.94	3.46	5.11	6.15
Inventory Turnover	3.79	3.58	2.40	2.65	3.50	2.87	0.00	3.78	2.64	2.80	2.85
Fixed Asset Turnover	1.81	1.61	1.73	5.23	7.28	7.45	9.68	10.18	8.61	12.57	9.01
Accounts Payable Turnover	3.31	3.42	3.29	2.96	2.86	2.46	0.00	3.26	2.54	3.52	5.70
Days Sales Outstanding (DSO)	55.39	66.06	57.77	49.42	71.02	97.12	55.58	73.94	105.61	71.41	59.39
Days Inventory Outstanding (DIO)	96.40	102.02	152.36	137.98	104.33	127.33	0.00	96.67	138.51	130.39	128.15
Days Payable Outstanding (DPO)	110.35	106.76	110.93	123.32	127.42	148.24	0.00	111.86	143.74	103.55	64.08
Cash Conversion Cycle (CCC)	41.43	61.32	99.20	64.08	47.93	76.22	55.58	58.75	100.38	98.25	123.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	47	34	18	3.00	9.16	9.16	39	57	60	57	113
Invested Capital Turnover	1.75	1.86	1.86	5.36	10.50	6.97	3.61	2.24	1.81	2.49	2.61
Increase / (Decrease) in Invested Capital	-16	-13	-16	-15	6.17	0.00	30	18	2.18	-2.28	56
Enterprise Value (EV)	0.00	0.00	0.00	0.00	66	58	451	193	123	329	636
Market Capitalization	0.00	0.00	0.00	0.00	124	115	523	217	145	415	716
Book Value per Share	$5.95	$4.24	$2.49	$3.79	$3.20	$3.43	$4.23	$2.87	$2.77	$4.70	$5.00
Tangible Book Value per Share	$5.89	$4.21	$2.26	$3.58	$2.97	$3.18	$2.64	$1.05	$1.01	$3.08	$3.62
Total Capital	88	62	52	81	75	75	120	83	85	150	200
Total Debt	3.99	1.48	0.00	0.00	3.00	3.00	3.25	1.36	3.54	5.09	2.68
Total Long-Term Debt	1.37	0.00	0.00	0.00	3.00	3.00	3.25	0.02	2.20	1.97	2.68
Net Debt	-36	-26	-34	-77	-57	-57	-72	-24	-22	-86	-80
Capital Expenditures (CapEx)	1.15	0.63	-14	-2.19	0.63	0.63	1.76	1.24	1.24	0.93	2.42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.17	-2.62	5.77	-2.47	-2.04	-2.04	-11	-1.68	-1.68	-0.21	26
Debt-free Net Working Capital (DFNWC)	45	25	40	75	53	53	64	23	23	91	107
Net Working Capital (NWC)	42	23	40	75	53	53	64	22	22	88	107
Net Nonoperating Expense (NNE)	9.06	8.09	10	0.71	0.91	-6.30	6.46	4.43	12	3.15	-8.78
Net Nonoperating Obligations (NNO)	-37	-26	-34	-78	-63	-63	-77	-24	-22	-87	-84
Total Depreciation and Amortization (D&A)	8.33	7.68	11	4.39	4.00	4.00	5.26	5.36	5.36	4.82	6.54
Debt-free, Cash-free Net Working Capital to Revenue	5.39%	-3.48%	11.91%	-4.39%	-3.19%	-3.19%	-12.19%	-1.55%	-1.59%	-0.14%	11.51%
Debt-free Net Working Capital to Revenue	46.82%	33.20%	82.33%	133.46%	83.52%	83.52%	74.02%	21.59%	22.09%	62.34%	47.91%
Net Working Capital to Revenue	44.09%	31.23%	82.33%	133.46%	83.52%	83.52%	74.02%	20.35%	20.82%	60.19%	47.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.76)	($1.98)	($1.73)	$1.32	($0.81)	($0.81)	$0.00	($0.71)	$0.00	($0.37)	$0.16
Adjusted Weighted Average Basic Shares Outstanding	13.18M	13.80M	18.97M	20.34M	20.99M	20.99M	0.00	27.20M	0.00	29.83M	36.99M
Adjusted Diluted Earnings per Share	($1.76)	($1.98)	($1.73)	$1.29	($1.03)	($1.03)	$0.00	($0.71)	$0.00	($0.37)	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	13.18M	13.80M	18.97M	20.73M	21.07M	21.07M	0.00	27.20M	0.00	29.83M	37.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.81)	($0.81)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.05M	18.59M	20.98M	21.45M	22.64M	21.10M	0.00	29.60M	0.00	36.99M	39.50M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-19	-21	-15	-16	-16	-14	-19	-22	-7.97	-0.75
Normalized NOPAT Margin	-14.10%	-25.64%	-44.19%	-26.18%	-25.36%	-25.36%	-16.15%	-17.39%	-21.06%	-5.47%	-0.34%
Pre Tax Income Margin	-21.61%	-34.88%	-68.05%	58.96%	-26.47%	-26.47%	-26.98%	-19.41%	-32.86%	-7.42%	1.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%

This table displays calculated financial ratios and metrics derived from American Superconductor's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.17%	60.19%	56.03%	58.59%	0.00%	0.00%	0.00%	0.00%	79.59%	0.00%	0.00%
EBITDA Growth	29.85%	55.49%	1,330.18%	381.24%	0.00%	0.00%	0.00%	0.00%	431.54%	552.23%	57.23%
EBIT Growth	36.69%	57.95%	191.42%	168.43%	0.00%	0.00%	0.00%	0.00%	273.60%	340.11%	116.51%
NOPAT Growth	38.29%	68.21%	234.79%	152.94%	0.00%	0.00%	0.00%	0.00%	337.95%	648.99%	5,267.98%
Net Income Growth	53.24%	296.66%	249.48%	176.31%	0.00%	0.00%	0.00%	0.00%	366.40%	0.00%	0.00%
EPS Growth	63.16%	244.44%	200.00%	0.00%	0.00%	0.00%	0.00%	0.00%	342.86%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	0.00%	369.54%	181.43%	0.00%	0.00%	0.00%	0.00%	21.00%	0.00%	-44.69%
Free Cash Flow Firm Growth	114.82%	-90,825.04%	-6,542.67%	-7,726.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	-4.59%	96.64%	99.46%	97.45%	0.00%	0.00%	0.00%	0.00%	120.96%	12.26%	258.21%
Revenue Q/Q Growth	-4.14%	35.20%	12.73%	8.55%	0.00%	35.20%	12.73%	8.55%	8.56%	0.00%	13.16%
EBITDA Q/Q Growth	-151.16%	78.64%	621.26%	0.59%	0.00%	78.64%	621.26%	0.59%	119.31%	-60.67%	81.23%
EBIT Q/Q Growth	-47.23%	68.65%	246.67%	1.07%	0.00%	68.65%	246.67%	1.07%	273.50%	-56.64%	32.26%
NOPAT Q/Q Growth	-47.71%	77.12%	357.41%	-39.15%	0.00%	77.12%	357.41%	-39.15%	563.93%	-47.21%	2,416.99%
Net Income Q/Q Growth	-59.85%	293.62%	-49.56%	-51.12%	0.00%	293.62%	-49.56%	-51.12%	458.01%	0.00%	2,380.13%
EPS Q/Q Growth	-133.33%	285.71%	-53.85%	0.00%	0.00%	285.71%	-53.85%	-33.33%	325.00%	0.00%	2,281.82%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	7.08%	0.00%	0.00%	0.00%	7.08%	-34.42%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-53.72%	-16,573.26%	1.74%	-1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	82.39%	-1,900.28%
Invested Capital Q/Q Growth	-4.42%	102.34%	0.23%	1.86%	0.00%	102.34%	0.23%	1.86%	6.97%	2.80%	219.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.34%	28.66%	26.59%	26.54%	30.34%	28.66%	26.59%	26.54%	33.84%	31.03%	30.66%
EBITDA Margin	-7.54%	-1.19%	5.51%	5.11%	-7.54%	-1.19%	5.51%	5.11%	10.31%	4.46%	7.14%
Operating Margin	-8.17%	-1.38%	2.14%	2.48%	-8.17%	-1.38%	2.14%	2.48%	7.80%	4.50%	4.51%
EBIT Margin	-8.57%	-1.99%	2.58%	2.41%	-8.57%	-1.99%	2.58%	2.41%	8.28%	3.94%	4.61%
Profit (Net Income) Margin	-6.26%	8.97%	4.01%	1.81%	-6.26%	8.97%	4.01%	1.81%	9.29%	7.21%	158.07%
Tax Burden Percent	108.28%	-4,744.66%	103.18%	49.98%	108.28%	-4,744.66%	103.18%	49.98%	97.13%	97.60%	2,168.34%
Interest Burden Percent	67.55%	9.52%	150.54%	150.31%	67.55%	9.52%	150.54%	150.31%	115.56%	187.34%	158.12%
Effective Tax Rate	0.00%	0.00%	-3.18%	50.02%	0.00%	0.00%	-3.18%	50.02%	2.87%	2.40%	-2,068.34%
Return on Invested Capital (ROIC)	-15.85%	-2.04%	5.24%	2.11%	0.00%	0.00%	0.00%	2.44%	21.94%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.44%	-13.26%	3.14%	1.67%	0.00%	0.00%	0.00%	1.98%	21.11%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	7.60%	4.85%	-1.21%	-0.84%	0.00%	0.00%	0.00%	-0.84%	-13.31%	0.00%	0.00%
Return on Equity (ROE)	-8.25%	2.81%	4.03%	1.28%	0.00%	0.00%	0.00%	1.59%	8.63%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-6.93%	-71.60%	-70.58%	-74.85%	0.00%	0.00%	0.00%	-51.78%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-6.49%	-1.49%	2.15%	1.29%	0.00%	0.00%	0.00%	1.97%	6.09%	0.00%	0.00%
Return on Assets (ROA)	-4.75%	6.73%	3.34%	0.97%	0.00%	0.00%	0.00%	1.48%	6.84%	0.00%	0.00%
Return on Common Equity (ROCE)	-8.25%	2.81%	4.03%	1.28%	0.00%	0.00%	0.00%	1.59%	8.63%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.30	-0.53	1.36	0.83	-2.30	-0.53	1.36	0.83	5.48	2.89	73
NOPAT Margin	-5.72%	-0.97%	2.21%	1.24%	-5.72%	-0.97%	2.21%	1.24%	7.58%	4.39%	97.73%
Net Nonoperating Expense Percent (NNEP)	-0.40%	11.22%	2.11%	0.44%	-0.25%	7.12%	1.36%	0.45%	0.83%	1.26%	40.92%
Return On Investment Capital (ROIC_SIMPLE)	-1.53%	-0.28%	0.70%	0.41%	-1.53%	-	0.70%	0.41%	1.63%	0.84%	13.31%
Cost of Revenue to Revenue	69.66%	71.34%	73.41%	73.46%	69.66%	71.34%	73.41%	73.46%	66.16%	68.97%	69.34%
SG&A Expenses to Revenue	22.08%	19.32%	18.84%	18.15%	22.08%	19.32%	18.84%	18.15%	19.63%	20.36%	20.72%
R&D to Revenue	5.67%	4.86%	4.89%	5.24%	5.67%	4.86%	4.89%	5.24%	5.95%	5.66%	4.75%
Operating Expenses to Revenue	38.51%	30.05%	24.45%	24.06%	38.51%	30.05%	24.45%	24.06%	26.04%	26.53%	26.15%
Earnings before Interest and Taxes (EBIT)	-3.45	-1.08	1.59	1.60	-3.45	-1.08	1.59	1.60	5.99	2.60	3.44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.04	-0.65	3.38	3.40	-3.04	-0.65	3.38	3.40	7.46	2.94	5.32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.04	4.83	5.04	3.63	6.04	4.83	5.04	3.63	4.35	7.84	2.42
Price to Tangible Book Value (P/TBV)	9.21	6.91	7.09	5.00	9.21	6.91	7.09	5.00	5.19	9.29	3.65
Price to Revenue (P/Rev)	5.56	5.13	4.90	4.91	0.00	0.00	0.00	3.21	5.69	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	299.09	0.00	0.00	0.00	0.00	118.65	94.85	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.33%	0.00%	0.00%	0.00%	0.00%	0.84%	1.05%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	14.19	7.47	8.04	5.62	14.19	7.47	8.04	5.62	10.24	19.80	2.92
Enterprise Value to Revenue (EV/Rev)	5.00	4.71	4.51	4.37	0.00	0.00	0.00	2.86	4.87	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	122.50	83.29	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	153.29	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	120.15	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	42.29	36.89	297.60	0.00	0.00	0.00	22.49	42.81	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.00	0.00	0.01	0.05	0.00	0.00	0.01	0.01	0.01	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.01	0.01	0.01	0.02
Financial Leverage	-0.49	-0.37	-0.39	-0.50	-0.62	-0.41	-0.42	-0.43	-0.63	-0.64	-0.26
Leverage Ratio	1.86	1.78	1.75	1.59	1.68	1.60	1.61	1.59	1.45	1.30	1.34
Compound Leverage Factor	1.25	0.17	2.64	2.39	1.13	0.15	2.42	2.39	1.68	2.44	2.12
Debt to Total Capital	4.67%	0.00%	0.00%	1.34%	4.67%	0.00%	0.00%	1.34%	0.86%	0.78%	1.88%
Short-Term Debt to Total Capital	4.67%	0.00%	0.00%	0.00%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.30%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.34%	0.00%	0.00%	0.00%	1.34%	0.86%	0.78%	1.59%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	95.33%	100.00%	100.00%	98.66%	95.33%	100.00%	100.00%	98.66%	99.14%	99.22%	98.12%
Debt to EBITDA	-0.87	0.00	0.00	-0.37	0.00	0.00	0.00	0.52	0.19	0.00	0.00
Net Debt to EBITDA	10.76	0.00	0.00	10.91	0.00	0.00	0.00	-15.31	-13.93	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.37	0.00	0.00	0.00	0.52	0.19	0.00	0.00
Debt to NOPAT	-1.08	0.00	0.00	-0.34	0.00	0.00	0.00	-0.98	0.28	0.00	0.00
Net Debt to NOPAT	13.31	0.00	0.00	10.00	0.00	0.00	0.00	28.96	-20.10	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.34	0.00	0.00	0.00	-0.98	0.28	0.00	0.00
Altman Z-Score	0.17	0.85	1.21	-0.10	0.00	0.00	0.00	0.15	5.26	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.01	2.05	1.97	2.07	2.01	2.05	1.97	2.07	3.31	3.90	2.66
Quick Ratio	1.36	1.18	1.14	1.26	1.36	1.18	1.14	1.26	2.49	2.88	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.33	-55	-54	-55	0.00	0.00	0.00	0.00	-61	-11	-214
Operating Cash Flow to CapEx	0.00%	0.00%	1,120.99%	605.39%	0.00%	0.00%	1,120.99%	605.39%	506.76%	0.00%	363.83%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.75	0.83	0.54	0.00	0.00	0.00	0.82	0.74	0.00	0.00
Accounts Receivable Turnover	5.80	5.21	5.76	4.02	0.00	0.00	0.00	6.15	6.52	0.00	0.00
Inventory Turnover	2.60	2.15	2.42	1.95	0.00	0.00	0.00	2.85	3.10	0.00	0.00
Fixed Asset Turnover	13.85	7.00	7.99	5.89	0.00	0.00	0.00	9.01	10.39	0.00	0.00
Accounts Payable Turnover	4.48	4.73	5.48	3.91	0.00	0.00	0.00	5.70	5.96	0.00	0.00
Days Sales Outstanding (DSO)	62.89	70.01	63.40	90.86	0.00	0.00	0.00	59.39	56.00	0.00	0.00
Days Inventory Outstanding (DIO)	140.36	169.41	150.97	186.92	0.00	0.00	0.00	128.15	117.87	0.00	0.00
Days Payable Outstanding (DPO)	81.54	77.21	66.63	93.46	0.00	0.00	0.00	64.08	61.29	0.00	0.00
Cash Conversion Cycle (CCC)	121.71	162.20	147.74	184.31	0.00	0.00	0.00	123.46	112.58	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	55	111	111	113	55	111	111	113	121	125	398
Invested Capital Turnover	2.77	2.10	2.37	1.71	0.00	0.00	0.00	1.97	2.90	0.00	0.00
Increase / (Decrease) in Invested Capital	-2.64	55	55	56	0.00	0.00	0.00	0.00	66	14	287
Enterprise Value (EV)	778	829	894	636	778	829	894	636	1,242	2,468	1,165
Market Capitalization	865	904	972	716	865	904	972	716	1,449	2,682	1,300
Book Value per Share	$3.87	$4.88	$4.88	$6.41	$3.87	$4.88	$4.88	$5.00	$8.43	$7.58	$11.88
Tangible Book Value per Share	$2.54	$3.41	$3.48	$4.65	$2.54	$3.41	$3.48	$3.62	$7.07	$6.39	$7.89
Total Capital	150	187	193	200	150	187	193	200	336	345	547
Total Debt	7.03	0.00	0.00	2.68	7.03	0.00	0.00	2.68	2.91	2.68	10
Total Long-Term Debt	0.00	0.00	0.00	2.68	0.00	0.00	0.00	2.68	2.91	2.68	8.68
Net Debt	-87	-75	-78	-80	-87	-75	-78	-80	-208	-215	-135
Capital Expenditures (CapEx)	0.00	0.00	0.52	1.04	0.00	0.00	0.52	1.04	0.81	0.00	0.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.05	27	24	26	-0.05	27	24	26	34	39	61
Debt-free Net Working Capital (DFNWC)	94	100	101	107	94	100	101	107	244	255	205
Net Working Capital (NWC)	87	100	101	107	87	100	101	107	244	255	203
Net Nonoperating Expense (NNE)	0.22	-5.41	-1.11	-0.38	0.22	-5.41	-1.11	-0.38	-1.24	-1.86	-45
Net Nonoperating Obligations (NNO)	-88	-76	-81	-84	-88	-76	-81	-84	-212	-218	-138
Total Depreciation and Amortization (D&A)	0.41	0.43	1.80	1.80	0.41	0.43	1.80	1.80	1.47	0.34	1.88
Debt-free, Cash-free Net Working Capital to Revenue	-0.03%	15.14%	12.36%	17.61%	0.00%	0.00%	0.00%	11.51%	13.46%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	60.30%	56.77%	50.97%	73.30%	0.00%	0.00%	0.00%	47.91%	95.55%	0.00%	0.00%
Net Working Capital to Revenue	55.78%	56.77%	50.97%	73.30%	0.00%	0.00%	0.00%	47.91%	95.55%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.07)	$0.13	$0.07	$0.03	($0.07)	$0.13	$0.07	$0.03	$0.17	$0.11	$2.68
Adjusted Weighted Average Basic Shares Outstanding	35.68M	36.95M	37.66M	36.99M	35.68M	36.95M	37.66M	36.99M	38.88M	43.24M	43.96M
Adjusted Diluted Earnings per Share	($0.07)	$0.13	$0.06	$0.04	($0.07)	$0.13	$0.06	$0.04	$0.17	$0.11	$2.62
Adjusted Weighted Average Diluted Shares Outstanding	35.68M	37.50M	38.46M	37.72M	35.68M	37.50M	38.46M	37.72M	39.74M	44.21M	44.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$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	38.30M	39.45M	39.46M	39.50M	38.30M	39.45M	39.46M	39.50M	45.16M	45.19M	47.61M
Normalized Net Operating Profit after Tax (NOPAT)	0.44	1.41	0.92	1.16	0.44	1.41	0.92	1.16	5.48	2.89	2.35
Normalized NOPAT Margin	1.09%	2.58%	1.50%	1.73%	1.09%	2.58%	1.50%	1.73%	7.58%	4.39%	3.15%
Pre Tax Income Margin	-5.79%	-0.19%	3.89%	3.62%	-5.79%	-0.19%	3.89%	3.62%	9.57%	7.39%	7.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

American Superconductor (AMSC) has shown a pattern of revenue and cash flow volatility over the last four years, with a notable recent swing in quarterly profitability largely tied to a tax-related item in Q3 2026. The four-year view highlights fluctuating operating earnings, sizable cash balances at times, and a growing balance sheet driven in part by equity activity. Below is a concise, bulleted snapshot of the most impactful trends, focusing first on positives, then neutral items, and finally the negatives.

Net income attributable to common shareholders in Q3 2026 rose to about $117.8 million, with basic EPS of $2.68 and diluted EPS of $2.62. This surge is primarily driven by a large tax benefit of $112.4 million, making this quarter atypical from an ongoing-operating perspective.
Cash and cash equivalents stood at about $141.1 million in Q3 2026 (and roughly $212.9 million in Q2 2026), indicating solid liquidity to support near-term operating and capex needs despite quarterly cash flow variability.
Recent quarters show positive operating cash flow, with net cash from continuing operating activities around $3–4 million in Q3 2026 and similar levels in Q2 and Q1 2026, suggesting improved cash generation from core operations even after adjustments.
Total revenue in the latest quarter (Q3 2026) was about $74.5 million, with gross profit of roughly $22.9 million, yielding a gross margin near 31%. This points to a potentially healthier gross margin backdrop compared with some earlier periods.
The balance sheet shows substantial total assets (~$719.5 million at Q3 2026) and a sizeable common equity base (Total Common Equity around $536.8 million), supported by equity-related activity that provides funding flexibility for growth initiatives.
Inventory rose notably to about $105 million by Q3 2026, which could reflect higher production activity or stockpiling in anticipation of demand. The impact will depend on whether demand materializes as expected.
Operating expenses (SG&A and R&D) remain meaningful and consistent with a growth/transition phase, but were not the primary driver of the large quarterly net income in Q3 2026 due to tax timing effects. Neutral to significance depends on future revenue capture of current R&D investments.
Total assets increased meaningfully over the period, reflecting both operating activity and capital-raising actions. This could support ongoing product development and manufacturing initiatives if demand holds.
Retained Earnings remained deeply negative (around -$931.3 million in Q3 2026), indicating a long-running accumulated deficit that a sustainable recovery would need to overcome to improve core profitability without equity financings.
Investing cash outflows remain substantial, with net cash from continuing investing activities showing material outlays in some quarters (for example, multi-million-dollar outflows in Q3 2026), which can pressure near-term cash balances even when operating cash flow is positive.

If you’d like, I can tailor a quick, year-by-year visual trend line (revenue, gross margin, operating cash flow, and net income) or provide a deeper dive into the cash flow composition (operating vs. investing vs. financing) to help you assess AMSC’s near-term liquidity prospects and longer-term profitability trajectory.

05/05/26 05:24 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About American Superconductor's Financials

When does American Superconductor's fiscal year end?

According to the most recent income statement we have on file, American Superconductor's financial year ends in March. Their financial year 2025 ended on March 31, 2025.

How has American Superconductor's net income changed over the last 10 years?

American Superconductor's net income appears to be on a downward trend, with a most recent value of $6.03 million in 2025, falling from -$48.66 million in 2015. The previous period was -$11.11 million in 2024. View American Superconductor's forecast to see where analysts expect American Superconductor to go next.

What is American Superconductor's operating income?

American Superconductor's total operating income in 2025 was -$1.08 million, based on the following breakdown:

Total Gross Profit: $61.85 million
Total Operating Expenses: $62.93 million

How has American Superconductor's revenue changed over the last 10 years?

Over the last 10 years, American Superconductor's total revenue changed from $70.53 million in 2015 to $222.82 million in 2025, a change of 215.9%.

How much debt does American Superconductor have?

American Superconductor's total liabilities were at $113.41 million at the end of 2025, a 28.6% increase from 2024, and a 110.3% increase since 2015.

How much cash does American Superconductor have?

In the past 10 years, American Superconductor's cash and equivalents has ranged from $20.49 million in 2015 to $90.52 million in 2024, and is currently $79.49 million as of their latest financial filing in 2025.

How has American Superconductor's book value per share changed over the last 10 years?

Over the last 10 years, American Superconductor's book value per share changed from 5.95 in 2015 to 5.00 in 2025, a change of -16.0%.

Related Companies

Financial statements for NASDAQ:AMSC last updated on 2/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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American Superconductor (AMSC) Financials

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American Superconductor (AMSC) Financials

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Quarterly Cash Flow Statements for American Superconductor

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