10-Q
Quarterly Report
ACM Research, Inc.
ACMR
NASDAQ
CIK: 1680062
File #: 001-38273
Balance Sheet
91 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 1,058,909,000 | 407,445,000 |
Restricted cash | 8,430,000 | 3,865,000 |
Short-term time deposits (note 2) | 30,922,000 | 17,277,000 |
Short-term investments (note 12) | 39,976,000 | 19,373,000 |
Accounts receivable, net (note 4) | 476,996,000 | 387,045,000 |
Nonrelated Party | 50,450,000 | 41,859,000 |
Related Party | 927,000 | 1,024,000 |
Ninebell - Related Party | 176,000 | 1,024,000 |
Shengyi - Related Party | 751,000 | 0 |
Inventories, net (note 5) | 676,409,000 | 597,984,000 |
Prepaid expenses and other current assets | 15,143,000 | 7,507,000 |
Total current assets | 2,358,162,000 | 1,483,379,000 |
Property, plant and equipment, net (note 6) | 296,714,000 | 269,272,000 |
Operating lease right-of-use assets, net | 18,026,000 | 14,038,000 |
Intangible assets, net | 2,706,000 | 3,461,000 |
Long-term time deposits (note 2) | 0 | 13,275,000 |
Deferred tax assets (note 16) | 26,641,000 | 14,781,000 |
Long-term investments (note 11) | 63,556,000 | 37,063,000 |
Ninebell - Equity investee: | 29,302,000 | 7,862,000 |
Wooil - Equity investee: | 917,000 | 936,000 |
Shengyi - Equity investee: | 4,157,000 | 2,775,000 |
Hefei Shixi - Equity investee: | 5,366,000 | 4,798,000 |
Company D - Equity investee: | 4,221,000 | 4,173,000 |
Equity investee: | 43,963,000 | 20,544,000 |
Shengyi - Investments accounted for using measurement alternative: | 854,000 | 845,000 |
Company A - Investments accounted for using measurement alternative: | 4,221,000 | 4,173,000 |
Company B - Investments accounted for using measurement alternative: | 1,407,000 | 918,000 |
Company C - Investments accounted for using measurement alternative: | 1,759,000 | 1,739,000 |
Company E - Investments accounted for using measurement alternative: | 1,407,000 | 1,391,000 |
Company F - Investments accounted for using measurement alternative: | 1,407,000 | 1,391,000 |
Others - Investments accounted for using measurement alternative: | 704,000 | 696,000 |
Subtotal - Investments accounted for using measurement alternative: | 11,759,000 | 11,153,000 |
Company G - Available for sale debt securities: | 6,628,000 | 4,173,000 |
Others - Available for sale debt securities: | 1,206,000 | 1,193,000 |
Available for sale debt securities: | 63,556,000 | 37,063,000 |
Other long-term assets (note 7) | 4,838,000 | 20,452,000 |
Total assets | 2,770,643,000 | 1,855,721,000 |
Liabilities and equity | ||
Current liabilities: | ||
Short-term borrowings (note 8) | 45,049,000 | 32,814,000 |
Line Of Credit, China Merchants Bank, Due On February 27, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On February 28, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On March 1, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On March 5, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On March 8, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,253,000 |
Line Of Credit, China Merchants Bank, Due On August 27, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On September 12, 2025 With An Annual Interest Rate Of 2.60% | 0 | 1,322,000 |
Line Of Credit, China Merchants Bank, Due On March 12, 2026 With An Annual Interest Rate Of 2.28% | 14,078,000 | 0 |
Line of Credit, due on March 20, 2025 with an annual interest rate of 2.75%. | 0 | 16,706,000 |
Line of Credit, due on September 22, 2025 with an annual interest rate of 2.5%. | 0 | 5,569,000 |
Line of Credit, due on April 14th, 2026 with an annual interest rate of 2.3% | 14,078,000 | 0 |
Line of Credit, due on June 30th, 2026 with an annual interest rate of 2.11% | 14,077,000 | 0 |
Line of Credit Due On December 16, 2025 With An Annual Interest Rate Of 4.43% | 0 | 1,354,000 |
Current portion of long-term borrowings (note 10) | 48,637,000 | 44,472,000 |
Nonrelated Party | 180,884,000 | 139,294,000 |
Related Party | 23,323,000 | 16,133,000 |
Ninebell - Related Party | 14,931,000 | 10,830,000 |
Shengyi - Related Party | 8,392,000 | 5,303,000 |
Advances from customers | 203,506,000 | 243,949,000 |
Deferred revenue | 15,550,000 | 8,537,000 |
Income taxes payable (note 16) | 0 | 12,779,000 |
FIN-48 payable (note 16) | 21,768,000 | 19,466,000 |
Other payables and accrued expenses (note 9) | 135,032,000 | 121,657,000 |
Current portion of operating lease liabilities | 4,120,000 | 2,132,000 |
Total current liabilities | 677,869,000 | 641,233,000 |
Long-term borrowings (note 10) | 193,356,000 | 105,525,000 |
Long-term operating lease liabilities | 5,882,000 | 3,840,000 |
Other long-term liabilities | 8,322,000 | 9,217,000 |
Total liabilities | 885,429,000 | 759,815,000 |
Equity: | ||
Stockholders’ equity: | ||
Class A Common Stock | 6,000 | 6,000 |
Common Stock Class B | 1,000 | 1,000 |
Additional paid-in capital | 1,105,129,000 | 677,476,000 |
Retained earnings | 346,029,000 | 260,000,000 |
Statutory surplus reserve (note 19) | 30,514,000 | 30,514,000 |
ACM Research (Shanghai), Inc. ("ACM Shanghai") | 30,514,000 | 30,514,000 |
Accumulated other comprehensive loss | (48,999,000) | (63,372,000) |
Total ACM Research, Inc. stockholders’ equity | 1,432,680,000 | 904,625,000 |
Non-controlling interests | 452,534,000 | 191,281,000 |
Total equity | 1,885,214,000 | 1,095,906,000 |
Class A Common Stock - Common Stock | 6,000 | 6,000 |
Common Stock Class B - Common Stock | 1,000 | 1,000 |
Additional Paid- in Capital | 1,105,129,000 | 677,476,000 |
Retained Earnings | 346,029,000 | 260,000,000 |
Statutory Surplus Reserve | 30,514,000 | 30,514,000 |
Accumulated Other Comprehensive (Loss) Income | (48,999,000) | (63,372,000) |
Non-controlling Interests | 452,534,000 | 191,281,000 |
Total liabilities and equity | 2,770,643,000 | 1,855,721,000 |