10-Q
Quarterly Report
ACM Research, Inc.
ACMR
NASDAQ
CIK: 1680062
File #: 001-38273
Balance Sheet
61 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 872,269,000 | 757,373,000 |
Restricted cash | 21,866,000 | 8,589,000 |
Short-term time deposits (note 2) | 358,237,000 | 366,591,000 |
Short-term investments (note 11) | 34,662,000 | 35,524,000 |
Accounts receivable, net (note 4) | 526,507,000 | 504,250,000 |
Nonrelated Party | 53,595,000 | 48,655,000 |
Related Party | 870,000 | 2,500,000 |
Ninebell - Related Party | 163,000 | 163,000 |
Shengyi - Related Party | 707,000 | 2,337,000 |
Inventories, net (note 5) | 737,995,000 | 702,631,000 |
Prepaid expenses and other current assets | 13,352,000 | 10,567,000 |
Total current assets | 2,619,353,000 | 2,436,680,000 |
Property, plant and equipment, net (note 6) | 324,020,000 | 314,830,000 |
Operating lease right-of-use assets, net | 17,060,000 | 17,925,000 |
Intangible assets, net | 2,722,000 | 2,847,000 |
Deferred tax assets (note 15) | 30,224,000 | 29,389,000 |
Long-term investments (note 10) | 68,467,000 | 66,035,000 |
Other long-term assets | 4,052,000 | 4,479,000 |
Total assets | 3,065,898,000 | 2,872,185,000 |
Liabilities and Equity | ||
Current liabilities: | ||
Short-term borrowings (note 7) | 93,981,000 | 74,041,000 |
Borrowings From Bank Of China | 14,459,000 | 14,459,000 |
Current portion of long-term borrowings (note 9) | 13,302,000 | 35,082,000 |
Nonrelated Party | 208,867,000 | 215,440,000 |
Related Party | 31,791,000 | 32,060,000 |
Ninebell - Related Party | 19,288,000 | 20,353,000 |
Shengyi - Related Party | 12,503,000 | 11,707,000 |
Advances from customers | 168,825,000 | 187,809,000 |
Deferred revenue | 10,954,000 | 17,388,000 |
Income taxes payable (note 15) | 24,780,000 | 991,000 |
FIN-48 payable (note 15) | 28,308,000 | 27,719,000 |
Other payables and accrued expenses (note 8) | 160,075,000 | 150,396,000 |
Current portion of operating lease liabilities | 4,795,000 | 4,786,000 |
Total current liabilities | 745,678,000 | 745,712,000 |
Long-term borrowings (note 9) | 220,858,000 | 178,930,000 |
Long-term operating lease liabilities | 4,125,000 | 5,069,000 |
Other long-term liabilities | 11,765,000 | 11,965,000 |
Total liabilities | 982,426,000 | 941,676,000 |
Equity: | ||
Stockholders’ equity: | ||
Class A Common Stock | 6,000 | 6,000 |
Common Stock Class B | 1,000 | 1,000 |
Additional paid-in capital | 1,194,786,000 | 1,115,504,000 |
Retained earnings | 367,735,000 | 350,428,000 |
Statutory surplus reserve (note 18) | 34,164,000 | 34,164,000 |
ACM Research (Shanghai), Inc. ("ACM Shanghai") | 34,164,000 | 34,164,000 |
Accumulated other comprehensive loss | (15,182,000) | (35,740,000) |
Total ACM Research, Inc. stockholders’ equity | 1,581,510,000 | 1,464,363,000 |
Non-controlling interests | 501,962,000 | 466,146,000 |
Total equity | 2,083,472,000 | 1,930,509,000 |
Class A Common Stock - Common Stock | 6,000 | 6,000 |
Common Stock Class B - Common Stock | 1,000 | 1,000 |
Additional Paid- in Capital | 1,194,786,000 | 1,115,504,000 |
Retained Earnings | 367,735,000 | 350,428,000 |
30514000 | 34,164,000 | 34,164,000 |
Accumulated Other Comprehensive (Loss) Income | (15,182,000) | (35,740,000) |
Non-controlling Interests | 501,962,000 | 466,146,000 |
Total liabilities and equity | 3,065,898,000 | 2,872,185,000 |