ACM Research, Inc.
ACMR- Exchange
- Nasdaq
- Industry
- Special Industry Machinery, NEC
- SEC CIK
- 0001680062
In the last 90 days, ACM Research, Inc. insiders filed 0 open-market purchases and 3 sales; 380 institutions reported holding it in 13F filings for Q2 2026, worth $6.11B in total; 3 superinvestors hold it, including Southeastern Asset Management (Longleaf) and Soros Fund Management.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:56 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 14, 2025 | Jan 9, 2024 | Jan 4, 2023 | Feb 25, 2022 |
| Revenue | $901.3M | $782.1M | $557.7M | $388.8M | $259.8M |
| Cost of revenue | $501.2M | $390.6M | $281.5M | $205.2M | $144.9M |
| Gross profit | $400.1M | $391.6M | $276.2M | $183.6M | $114.9M |
| Operating expenses | $290.6M | $240.6M | $180.4M | $124.6M | $76.2M |
| Research and development | $145.0M | $105.5M | $92.7M | $62.2M | $34.2M |
| Selling, general and administrative | $68.8M | $69.6M | $40.6M | $22.5M | $15.2M |
| Operating income | $109.4M | $151.0M | $95.8M | $59.0M | $38.7M |
| Interest expense | – | – | $2.68M | $1.66M | $765.0K |
| Income tax | $13.3M | $35.0M | $19.4M | $16.8M | $134.0K |
| Net income | $94.1M | $103.6M | $77.3M | $39.3M | $37.8M |
| EPS, basic | $1.47 | $1.67 | $1.29 | $0.66 | $1.96 |
| EPS, diluted | $1.37 | $1.53 | $1.16 | $0.59 | $1.73 |
| Weighted shares, basic | 64.2M | 62.2M | 60.2M | 59.2M | 19.2M |
| Weighted shares, diluted | 67.3M | 66.2M | 64.9M | 65.3M | 21.8M |
| Margins and growth | |||||
| Gross margin | 44.4% | 50.1% | 49.5% | 47.2% | 44.2% |
| Operating margin | 12.1% | 19.3% | 17.2% | 15.2% | 14.9% |
| Net margin | 10.4% | 13.2% | 13.9% | 10.1% | 14.5% |
| Revenue growth, year over year | +15.2% | +40.2% | +43.4% | +49.7% | +65.8% |
| Net income growth, year over year | −9.2% | +34.0% | +97.0% | +4.0% | +101.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 14, 2025 | Jan 9, 2024 | Jan 4, 2023 | Feb 25, 2022 |
| Cash and equivalents | $757.4M | $407.4M | $182.1M | $248.0M | $563.1M |
| Short-term investments | $35.5M | $19.4M | $21.3M | $20.2M | $29.5M |
| Accounts receivable | $504.3M | $387.0M | $283.2M | $182.9M | $105.6M |
| Inventory | $702.6M | $598.0M | – | $393.2M | $218.1M |
| Total current assets | $2.44B | $1.48B | $1.18B | $963.8M | $952.9M |
| Property, plant and equipment | $314.8M | $269.3M | $201.8M | $82.9M | $14.0M |
| Intangible assets | $2.85M | $3.46M | $2.54M | $1.25M | $477.0K |
| Total assets | $2.87B | $1.86B | $1.49B | $1.24B | $1.05B |
| Accounts payable | – | – | – | $101.7M | $101.3M |
| Short-term debt | $74.0M | $32.8M | $31.3M | $56.0M | $9.59M |
| Total current liabilities | $745.7M | $641.2M | $500.7M | $396.2M | $205.9M |
| Long-term debt | $178.9M | $105.5M | $54.0M | $18.7M | $23.0M |
| Total liabilities | $941.7M | $759.8M | $564.7M | $423.3M | $240.5M |
| Shareholders' equity | $1.93B | $1.10B | $926.2M | $812.2M | $811.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 14, 2025 | Jan 9, 2024 | Jan 4, 2023 | Feb 25, 2022 |
| Operating cash flow | -$10.3M | $152.4M | -$75.3M | -$62.2M | -$40.1M |
| Capital expenditures | $56.3M | $82.5M | $61.9M | $91.1M | $9.15M |
| Free cash flow | -$66.6M | $70.0M | -$137.2M | -$153.3M | -$49.2M |
| Depreciation and amortization | $14.4M | $6.57M | $8.09M | $5.37M | $2.35M |
| Stock-based compensation | $33.6M | $49.6M | $27.3M | $7.73M | $5.12M |
| Share buybacks | – | – | – | – | $0 |
| Investing cash flow | -$390.3M | -$12.0M | -$6.75M | -$265.7M | -$11.3M |
| Financing cash flow | $742.5M | $92.5M | $18.5M | $45.9M | $538.8M |
| Net change in cash | $354.7M | $228.1M | -$65.3M | -$314.6M | $491.3M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.7% | 6.3% | 4.9% | 2.0% | 2.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 3-for-1 in Q1 2022.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.