ACM Research, Inc. (ACMR)

ACM Research Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	117.11	103.63	77.35	39.26	37.76	18.78
Depreciation & Amortization	13.35	9.97	8.09	5.37	2.35	1.06
Loss (Gain) From Sale of Assets	0.95	0.95	-0	-0.01	-	0.03
Loss (Gain) From Sale of Investments	-23.77	-2.76	-6.31	6.74	-0.61	-12.57
Loss (Gain) on Equity Investments	-5.86	1.11	-9.95	-4.67	-4.64	-0.66
Stock-Based Compensation	35.93	49.58	27.34	7.73	5.12	5.63
Provision & Write-off of Bad Debts	17.2	13.52	2.74	-	-	-
Other Operating Activities	29.41	39.54	10.01	20.39	5.85	10.78
Change in Accounts Receivable	-125.24	-123.28	-108.75	-88.66	-47.62	-22.09
Change in Inventory	-62.62	-64.14	-164.03	-195.56	-127.73	-40.77
Change in Accounts Payable	19.66	6.17	39.28	24.07	65.21	21.28
Change in Unearned Revenue	-3.57	71.9	32.67	105.25	35.06	5.44
Change in Income Taxes	-6.88	6.42	3.01	3.24	1.12	-0.08
Change in Other Net Operating Assets	38.67	39.86	13.23	14.65	-11.96	-0.36
Operating Cash Flow	44.35	152.45	-75.32	-62.19	-40.09	-13.55
Operating Cash Flow Growth	73.91%	-	-	-	-	-
Capital Expenditures	-53.89	-82.46	-61.88	-91.09	-9.15	-45.42
Sale (Purchase) of Intangibles	-2.28	-3.49	-2.46	-1.43	-0.56	-10.07
Investment in Securities	-7.83	73.99	57.59	-173.15	-1.57	-15.02
Other Investing Activities	0.69	-	-	-	-	0.56
Investing Cash Flow	-63.32	-11.96	-6.75	-265.67	-11.28	-69.95
Short-Term Debt Issued	-	33.27	31.33	56	22.88	32.57
Long-Term Debt Issued	-	96.9	42.36	-	7.06	19.7
Total Debt Issued	194.79	130.16	73.69	56	29.94	52.27
Short-Term Debt Repaid	-	-32.3	-55.07	-9.22	-39.81	-20.23
Long-Term Debt Repaid	-	-9.58	-2.28	-2.22	-2.13	-1.95
Total Debt Repaid	-82.36	-41.88	-57.35	-11.45	-41.94	-22.18
Net Debt Issued (Repaid)	112.43	88.28	16.34	44.56	-12	30.09
Issuance of Common Stock	32.5	11.1	6.14	1.31	5.25	2.75
Other Financing Activities	608.64	-6.9	-3.95	-	545.51	-
Financing Cash Flow	753.57	92.48	18.53	45.87	538.77	32.83
Foreign Exchange Rate Adjustments	-2.52	-4.84	-1.74	-32.62	3.91	4.57
Net Cash Flow	732.09	228.14	-65.28	-314.62	491.3	-46.09
Free Cash Flow	-9.54	69.99	-137.2	-153.29	-49.25	-58.96
Free Cash Flow Margin	-1.08%	8.95%	-24.60%	-39.42%	-18.96%	-37.65%
Free Cash Flow Per Share	-0.14	1.06	-2.12	-2.35	-0.75	-0.93
Cash Interest Paid	6.39	4.15	2.68	1.66	0.77	0.98
Cash Income Tax Paid	31.37	11.22	26.1	3.59	1.13	4.97
Levered Free Cash Flow	-49.69	20.31	-114.44	-162.95	-60.9	-21.14
Unlevered Free Cash Flow	-45.69	22.91	-112.77	-161.91	-60.42	-20.53
Change in Working Capital	-139.97	-63.07	-184.59	-137.01	-85.93	-36.58

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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