ACMR ACM Research, Inc.

FY2025 10-K
Filed: Mar 2, 2026
Industrials
Special Industry Machinery, NECSEC EDGAR

ACM Research, Inc. (ACMR) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Advanced semiconductor capital equipment for yield-critical, performance-sensitive front-end and packaging process steps
  • Emphasis on expanding product portfolio into furnace, PECVD, and track platforms alongside core wet cleaning and plating
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Management Discussion & Analysis

  • Revenue and profitability details not provided in the excerpt
  • No segment performance information available
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Risk Factors

  • Mainland China Grant Agreement risk: ACM Lingang must pay RMB157.6M ($22.2M) annual taxes or face land use rights termination by July 9, 2027
  • Geopolitical risk: ACM Shanghai's operations exposed to RMB/USD exchange risk, causing $12.8M value change in cash and equivalents in 2025
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Financial Summary
XBRL

Revenue

$901M

Net Income

$94M

Gross Margin

44.4%

Operating Margin

12.1%

Net Margin

10.4%

ROE

6.4%

Total Assets

$2.9B

EPS (Diluted)

$1.37

Operating Cash Flow

-$10M

Source: XBRL data from ACM Research, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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