ACM Research, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $901.3M | $782.1M | $557.7M | $388.8M | $259.8M |
| Gross profit | $400.1M | $391.6M | $276.2M | $183.6M | $114.9M |
| Operating income | $109.4M | $151.0M | $95.8M | $59.0M | $38.7M |
| Operating expenses | $290.6M | $240.6M | $180.4M | $124.6M | $76.2M |
| Cost of revenue | $501.2M | $390.6M | $281.5M | $205.2M | $144.9M |
| Cash from operations | -$10.3M | $152.4M | -$75.3M | -$62.2M | -$40.1M |
| Capital expenditure | $56.3M | $82.5M | $61.9M | $91.1M | $9.2M |
| Free cash flow | -$66.6M | $70.0M | -$137.2M | -$153.3M | -$49.2M |
| Share repurchases | $7.0M | $0 | $0 | — | $0 |
| Impairments | — | — | — | $0 | $0 |
| Total assets | $2.9B | $1.9B | $1.5B | $1.2B | $1.1B |
| Total liabilities | $941.7M | $759.8M | $564.7M | $423.3M | $240.5M |
Shares outstanding 66.2M · Free float 67.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.