10-K
Annual Report
ACM Research, Inc.
ACMR
NASDAQ
CIK: 1680062
File #: 001-38273
Balance Sheet
80 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 757,373,000 | 407,445,000 |
Parent Company | 96,184,000 | 54,764,000 |
Restricted cash | 8,589,000 | 3,865,000 |
Short-term time deposits (note 2) | 366,591,000 | 17,277,000 |
Short-term investments (note 12) | 35,524,000 | 19,373,000 |
Accounts receivable, net (note 4) | 504,250,000 | 387,045,000 |
Parent Company | 84,000 | 2,000 |
Nonrelated Party | 48,655,000 | 41,859,000 |
Related Party | 2,500,000 | 1,024,000 |
Ninebell - Related Party | 163,000 | 1,024,000 |
Shengyi - Related Party | 2,337,000 | 0 |
Parent Company - Related Party | 8,457,000 | 6,554,000 |
Parent Company - Nonrelated Party | 11,595,000 | 8,938,000 |
Inventories, net (note 5) | 702,631,000 | 597,984,000 |
Prepaid expenses and other current assets | 10,567,000 | 7,507,000 |
Parent Company | 417,000 | 479,000 |
Total current assets | 2,436,680,000 | 1,483,379,000 |
Parent Company | 116,737,000 | 70,737,000 |
Property, plant and equipment, net (note 6) | 314,830,000 | 269,272,000 |
Parent Company | 5,246,000 | 4,610,000 |
Operating lease right-of-use assets, net (note 19) | 17,925,000 | 14,038,000 |
Intangible assets, net | 2,847,000 | 3,461,000 |
Long-term time deposits (note 2) | 0 | 13,275,000 |
Deferred tax assets (note 16) | 29,389,000 | 14,781,000 |
Parent Company | 8,482,000 | 7,990,000 |
Long-term investments (note 11) | 66,035,000 | 37,063,000 |
Other long-term assets (note 7) | 4,479,000 | 20,452,000 |
Total assets | 2,872,185,000 | 1,855,721,000 |
Parent Company | 1,507,061,000 | 927,844,000 |
Liabilities and Equity | ||
Current liabilities: | ||
Short-term borrowings (note 8) | 74,041,000 | 32,814,000 |
Borrowings From Bank Of China | 14,239,000 | — |
Parent Company | 28,346,000 | 13,882,000 |
Current portion of long-term borrowings (note 10) | 35,082,000 | 44,472,000 |
Nonrelated Party | 215,440,000 | 139,294,000 |
Related Party | 32,060,000 | 16,133,000 |
Ninebell - Related Party | 20,353,000 | 10,830,000 |
Shengyi - Related Party | 11,707,000 | 5,303,000 |
Parent Company | 709,000 | 391,000 |
Advances from customers | 187,809,000 | 243,949,000 |
Deferred revenue | 17,388,000 | 8,537,000 |
Income taxes payable (note 16) | 991,000 | 12,779,000 |
Parent Company | 240,000 | 0 |
FIN-48 payable (note 16) | 27,719,000 | 19,466,000 |
Parent Company | 2,833,000 | 848,000 |
Other payables and accrued expenses (note 9) | 150,396,000 | 121,657,000 |
Current portion of operating lease liabilities | 4,786,000 | 2,132,000 |
Total current liabilities | 745,712,000 | 641,233,000 |
Parent Company | 42,584,000 | 23,219,000 |
Long-term borrowings (note 10) | 178,930,000 | 105,525,000 |
Parent Company | 114,000 | 0 |
Long-term operating lease liabilities | 5,069,000 | 3,840,000 |
Other long-term liabilities | 11,965,000 | 9,217,000 |
Total liabilities | 941,676,000 | 759,815,000 |
Parent Company | 42,698,000 | 23,219,000 |
Equity: | ||
Class A Common Stock | 6,000 | 6,000 |
Common Stock Class B | 1,000 | 1,000 |
Additional paid-in capital | 1,115,504,000 | 677,476,000 |
Retained earnings | 350,428,000 | 260,000,000 |
Statutory surplus reserve (note 2) | 34,164,000 | 30,514,000 |
ACM Research (Shanghai), Inc. ("ACM Shanghai") | 34,164,000 | 30,514,000 |
Mainland China Subsidiaries | 1,675,187,000 | — |
Accumulated other comprehensive loss | (35,740,000) | (63,372,000) |
Total ACM Research, Inc. stockholders’ equity | 1,464,363,000 | 904,625,000 |
Non-controlling interests | 466,146,000 | 191,281,000 |
Total equity | 1,930,509,000 | 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 | 1,115,504,000 | 677,476,000 |
Retained Earnings | 350,428,000 | 260,000,000 |
Statutory Surplus Reserve | 34,164,000 | 30,514,000 |
Accumulated Other Comprehensive (Loss) | (35,740,000) | (63,372,000) |
Non-controlling Interests | 466,146,000 | 191,281,000 |
Parent Company | 1,464,363,000 | 904,625,000 |
Total liabilities and equity | 2,872,185,000 | 1,855,721,000 |
Parent Company | 1,507,061,000 | 927,844,000 |