ACM Research, Inc.

ACM Research, Inc.

ACMRยทNASDAQ

$88.86

-0.79%
TechnologySemiconductors

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.

At a Glance

Live Snapshot
Market Cap$5.70B
EPS1.4700
P/E Ratio60.45
Earnings Date08/05/2026
3Y-83.0%
5Y-24.0%
10Y+179.0%
3Y+47.0%
5Y+458.0%
10Y+48090.0%
3Y+1519.0%
5Y+2161.0%
10Y+6935.0%
ACMR

ACM Research, Inc. Cash Conversion Engine

ACMR ยท NASDAQ
Net Income94.08M
Depreciation & Amortization16.33M
Stock-Based Compensation33.58M
Change in Working Capital-177.83M
Others37.89M
Capital Expenditures-56.28M
Free Cash Flow-66.61M

Cash Flow Quality Analysis

FCF Conversion Rate

-70.8%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

-545.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-195.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$177.83M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

ACM Research, Inc. Cash Flow Statement

ACMR โ€ข NASDAQ

ACM Research, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 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

SEC Filings

ACMR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 189 filings