$88.86
-0.79%ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
ACMR โข NASDAQ
| ACM Research, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||
94.1M | 131.3M | 77.3M | 50.6M | 42.9M | 21.7M | 19.5M | 6.6M | -872K | 2.4M | 7.9M | |
16.3M | 10M | 8.1M | 5.4M | 2.4M | 1.1M | 788K | 417K | 271K | 187K | 160K | |
-14.4M | 5.3M | -13.6M | 4M | -1.8M | -4.1M | -3.7M | -405K | 659K | 436K | -2.4M | |
33.6M | 49.6M | 27.3M | 7.7M | 5.1M | 5.6M | 3.6M | 3.4M | 1.6M | 383K | 423K | |
37.9M | 19.4M | 10.1M | 2.1M | -5.2M | -1.2M | 126K | -123K | -36K | 1.6M | 15.1M | |
(0.0) | (11.2M) | (26.1M) | (3.6M) | (1.1M) | (5M) | (1.2M) | (0.0) | (0.0) | (0.0) | (0.0) | |
-177.8M | -63.1M | -184.6M | -131.9M | -83.4M | -36.6M | -10.8M | -2.9M | -9.7M | -8.7M | -3.4M | |
-10.3M | 152.5M | -75.3M | -62.2M | -40.1M | -13.5M | 9.4M | 6.9M | -8.1M | -3.7M | 2.7M | |
INVESTING ACTIVITIES | |||||||||||
-56.3M | -82.5M | -61.9M | -91.1M | -9.2M | -45.4M | -1.1M | -2.1M | -766K | -817K | -1.4M | |
(0.0) | (0.0) | (0.0) | -1M | (0.0) | (0.0) | -4.4M | (0.0) | -22M | (7K) | (0.0) | |
-484K | -101M | -52M | -177.7M | -1.6M | -15M | -4.4M | (0.0) | -1.2M | (0.0) | (0.0) | |
2.1M | 175M | 109.6M | 4.6M | 0.0 | 0.0 | 9M | 0.0 | 1.1M | 0.0 | 0.0 | |
-335.7M | -3.5M | -2.5M | -426K | -559K | -9.5M | -4.6M | -241K | -831K | 7K | 0.0 | |
-390.3M | -12M | -6.7M | -265.7M | -11.3M | -70M | -5.5M | -2.1M | -23.7M | -810K | -1.4M | |
FINANCING ACTIVITIES | |||||||||||
650.7M | 11.1M | 6.1M | 1.3M | 550.8M | 0.0 | 83.3M | 0.0 | 33M | 0.0 | 0.0 | |
99.1M | 88.3M | 16.3M | 44.6M | -12M | 30.1M | 4.4M | 4.6M | 44K | 0.0 | 2.3M | |
-7.6M | -6.9M | -4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-7M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -2.8M | (0.0) | (0.0) | (0.0) | (0.0) | |
242K | 0.0 | 0.0 | 0.0 | 0.0 | 2.7M | -259K | 528K | 38.7M | 10.6M | 0.0 | |
742.5M | 92.5M | 18.5M | 45.9M | 538.8M | 32.8M | 87.4M | 5.1M | 38.7M | 10.6M | 2.3M | |
CASH FLOW SUMMARY | |||||||||||
12.8M | -4.8M | -1.7M | -32.6M | 3.9M | 4.6M | -582K | -518K | 663K | -324K | -378K | |
354.7M | 228.1M | -65.3M | -314.6M | 491.3M | -46.1M | 90.7M | 9.4M | 7.6M | 5.7M | 3.2M | |
411.3M | 183.2M | 248.5M | 563.1M | 71.8M | 117.9M | 27.1M | 17.7M | 10.1M | 4.4M | 1.2M | |
766M | 411.3M | 183.2M | 248.5M | 563.1M | 71.8M | 117.9M | 27.1M | 17.7M | 10.1M | 4.4M | |
-66.6M | 70M | -139.7M | -154.7M | -49.8M | -69M | 8.3M | 4.8M | -8.9M | -4.5M | 1.3M |
ACMR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 29, 2026 | May 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 22, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 15, 2026 | May 15, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 27, 2026 | June 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 17, 2026 | April 17, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 24, 2026 | March 24, 2026 | 2026 |
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