ACM Research, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
ACMR$48.67-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(In thousands)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (note 2) | $757,373 | $407,445 |
| Restricted cash | 8,589 | 3,865 |
| Short-term time deposits (note 2) | 366,591 | 17,277 |
| Short-term investments (note 12) | 35,524 | 19,373 |
| Accounts receivable, net (note 4) | 504,250 | 387,045 |
| Other receivables | 48,655 | 41,859 |
| Inventories, net (note 5) | 702,631 | 597,984 |
| Advances to related parties (note 13) | 2,500 | 1,024 |
| Prepaid expenses and other current assets | 10,567 | 7,507 |
| Total current assets | 2,436,680 | 1,483,379 |
| Property, plant and equipment, net (note 6) | 314,830 | 269,272 |
| Operating lease right-of-use assets, net (note 19) | 17,925 | 14,038 |
| Intangible assets, net | 2,847 | 3,461 |
| Long-term time deposits (note 2) | — | 13,275 |
| Deferred tax assets (note 16) | 29,389 | 14,781 |
| Long-term investments (note 11) | 66,035 | 37,063 |
| Other long-term assets (note 7) | 4,479 | 20,452 |
| Total assets | $2,872,185 | $1,855,721 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Short-term borrowings (note 8) | $74,041 | $32,814 |
| Current portion of long-term borrowings (note 10) | 35,082 | 44,472 |
| Related parties accounts payable (note 13) | 32,060 | 16,133 |
| Accounts payable | 215,440 | 139,294 |
| Advances from customers | 187,809 | 243,949 |
| Deferred revenue | 17,388 | 8,537 |
| Income taxes payable (note 16) | 991 | 12,779 |
| FIN-48 payable (note 16) | 27,719 | 19,466 |
| Other payables and accrued expenses (note 9) | 150,396 | 121,657 |
| Current portion of operating lease liabilities | 4,786 | 2,132 |
| Total current liabilities | 745,712 | 641,233 |
| Long-term borrowings (note 10) | 178,930 | 105,525 |
| Long-term operating lease liabilities | 5,069 | 3,840 |
| Other long-term liabilities | 11,965 | 9,217 |
| Total liabilities | 941,676 | 759,815 |
| Commitments and contingencies (note 18) | ||
| Equity: | ||
| Stockholders’ equity: | ||
| Class A Common stock (note 14) | 6 | 6 |
| Class B Common stock (note 14) | 1 | 1 |
| Additional paid-in capital | 1,115,504 | 677,476 |
| Retained earnings | 350,428 | 260,000 |
| Statutory surplus reserve (note 2) | 34,164 | 30,514 |
| Accumulated other comprehensive loss | (35,740) | (63,372) |
| Total ACM Research, Inc. stockholders’ equity | 1,464,363 | 904,625 |
| Non-controlling interests | 466,146 | 191,281 |
| Total equity | 1,930,509 | 1,095,906 |
| Total liabilities and equity | $2,872,185 | $1,855,721 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.