ACM Research, Inc. (ACMR) Q3 2025 10-Q Quarterly Report
ACM Research, Inc. (ACMR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
ACM Research, Inc. Q3 2025 10-Q Analysis
Risk Factors
- • New risk: Loan covenants with China Merchants Bank require ACM Shanghai to raise RMB 900M in Private Offering by Jan 2028 or accelerate loan repayments
- • Updated operational risk: Accounts receivable increased by $91.3M, and inventories rose $80.7M, impacting near-term cash flow and working capital needs
- • Most impactful legal/compliance risk: Land Use Right Grant Agreement requires RMB 157.6M annual tax payments by July 2027 or risks land rights termination and liquidated damages
- • Market risk: First tool shipments fell 19% to $289.8M, reflecting reduced new customer product acceptance and potential delay of future revenue recognition
- • Financial risk: Total debt outstanding $287M with maturities through 2035 and interest rates 2.11%-3.65%, with loan agreements imposing EBITDA leverage limits and accelerated repayment clauses
ACM Research, Inc. Q3 2025 Quarterly FinancialsXBRL
Revenue
$269M
▲ +32.0% YoY▲ +25.0% QoQ
Net Income
$36M
▲ +16.1% YoY▲ +20.6% QoQ
Gross Margin
42.0%
▼ -936bp YoY▼ -646bp QoQ
Operating Margin
10.7%
▼ -1092bp YoY▼ -397bp QoQ
Net Margin
13.3%
▼ -182bp YoY▼ -48bp QoQ
ROE
2.5%
Total Assets
$2.8B
EPS (Diluted)
$0.52
▲ +13.0% YoY▲ +18.2% QoQ
Operating Cash Flow
-$5M
▼ -138.8% YoY▲ +89.7% QoQ
Source: XBRL data from ACM Research, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
Get deeper insights on ACM Research, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.