ACM Research, Inc. (ACMR)

ACM Research Income 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
Revenue	880.35	782.12	557.72	388.83	259.75	156.62
Revenue Growth (YoY)	20.77%	40.23%	43.44%	49.69%	65.84%	45.66%
Cost of Revenue	469.38	390.56	281.51	205.22	144.9	87.03
Gross Profit	410.98	391.55	276.22	183.62	114.86	69.6
Selling, General & Admin	151.87	135.08	87.67	62.35	41.95	28.99
Research & Development	128.72	105.47	92.71	62.23	34.21	19.12
Operating Expenses	280.59	240.56	180.38	124.58	76.15	48.11
Operating Income	130.38	151	95.84	59.04	38.7	21.49
Interest Expense	-6.39	-4.15	-2.68	-1.66	-0.77	-0.98
Interest & Investment Income	13.27	9.94	8.35	8.74	0.51	0.9
Earnings From Equity Investments	6.72	0.42	9.95	4.67	4.64	0.66
Currency Exchange Gain (Loss)	2.32	4.32	-2.09	3.01	-0.83	-3.53
Other Non Operating Income (Expenses)	0.73	2.02	0.53	0.31	0.2	-11.82
EBT Excluding Unusual Items	147.01	163.54	109.91	74.1	42.45	6.72
Gain (Loss) on Sale of Investments	23.83	2.76	6.31	-6.74	0.61	12.57
Pretax Income	170.84	166.3	116.22	67.36	43.06	19.3
Income Tax Expense	24.05	35.03	19.36	16.8	0.13	-2.38
Earnings From Continuing Operations	146.79	131.27	96.85	50.56	42.92	21.68
Minority Interest in Earnings	-29.68	-27.64	-19.5	-11.3	-5.16	-2.9
Net Income	117.11	103.63	77.35	39.26	37.76	18.78
Net Income to Common	117.11	103.63	77.35	39.26	37.76	18.78
Net Income Growth	29.77%	33.97%	97.00%	3.99%	101.05%	-0.60%
Shares Outstanding (Basic)	64	62	60	59	58	55
Shares Outstanding (Diluted)	67	66	65	65	65	64
Shares Change (YoY)	1.34%	2.11%	-0.72%	-0.02%	2.84%	10.70%
EPS (Basic)	1.84	1.67	1.29	0.66	0.65	0.34
EPS (Diluted)	1.72	1.53	1.16	0.59	0.58	0.30
EPS Growth	29.16%	31.52%	96.64%	2.76%	92.02%	-9.09%
Free Cash Flow	-9.54	69.99	-137.2	-153.29	-49.25	-58.96
Free Cash Flow Per Share	-0.14	1.06	-2.12	-2.35	-0.75	-0.93
Gross Margin	46.68%	50.06%	49.53%	47.22%	44.22%	44.44%
Operating Margin	14.81%	19.31%	17.18%	15.18%	14.90%	13.72%
Profit Margin	13.30%	13.25%	13.87%	10.10%	14.54%	11.99%
Free Cash Flow Margin	-1.08%	8.95%	-24.60%	-39.42%	-18.96%	-37.65%
EBITDA	143.74	160.97	103.93	64.4	41.06	22.55
EBITDA Margin	16.33%	20.58%	18.63%	16.56%	15.81%	14.40%
D&A For EBITDA	13.35	9.97	8.09	5.37	2.35	1.06
EBIT	130.38	151	95.84	59.04	38.7	21.49
EBIT Margin	14.81%	19.31%	17.18%	15.18%	14.90%	13.72%
Effective Tax Rate	14.08%	21.07%	16.66%	24.94%	0.31%	-

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

SEC Filings: 10-K · 10-Q