For the quarter ending 2026-03-31, ACMR had $128,172K increase in cash & cash equivalents over the period. -$51,739K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Deferred income taxes | - | - | -4,262 | -7,451 |
| Net income | 26,235 | 14,212 | 46,398 | 61,283 |
| Non-cash operating lease cost | 1,182 | 1,206 | 1,257 | 2,081 |
| Depreciation and amortization | 5,466 | 5,868 | 4,104 | 6,356 |
| Realized gain on short-term investments | - | 112 | 0 | 0 |
| Income from equity method investments | 1,749 | 3,895 | 3,670 | 2,725 |
| Unrealized loss on short-term investments | -1,406 | -2,849 | 18,656 | 1,648 |
| Inventory provision | 5,112 | 5,632 | 4,228 | 5,625 |
| Provision for (reversal of) credit losses | 2,234 | 5,017 | 8,046 | 1,435 |
| Deferred income taxes | -503 | -14,375 | - | - |
| Stock-based compensation | 5,621 | 6,428 | 7,562 | 19,587 |
| Dividends from unconsolidated affiliates | 518 | 2,036 | 64 | 0 |
| Others | 0 | -217 | -6 | -1,086 |
| Prepaid expenses and other current assets | - | - | 838 | 6,433 |
| Accounts receivable | 8,323 | 24,778 | 46,841 | 44,508 |
| Other receivables | 406 | -4,294 | 5,193 | 848 |
| Inventories | 29,545 | 27,529 | 27,743 | 52,946 |
| Advances to related parties | 1,630 | -1,573 | -245 | 342 |
| Prepaid expenses and other current assets | 2,538 | 2,587 | - | - |
| Other long-term assets | -23 | 58 | 889 | - |
| Related parties accounts payable | 268 | -8,737 | -3,496 | -3,694 |
| Accounts payable | -14,250 | 30,500 | 29,611 | 7,743 |
| Advances from customers | -20,620 | -17,590 | -18,897 | -24,357 |
| Deferred revenue | -6,434 | 1,839 | 1,889 | 5,123 |
| Income taxes payable | 1,385 | 838 | -349 | -12,585 |
| Fin-48 payable | 589 | 5,952 | 394 | 1,908 |
| Other payables and accrued expenses | 5,149 | 9,416 | 17,377 | 336 |
| Operating lease liabilities | -1,252 | -1,252 | -1,269 | -2,027 |
| Other long-term liabilities | -200 | 3,643 | -205 | -690 |
| Net cash (used in) provided by operating activities | -29,538 | 33,919 | -4,625 | -39,619 |
| Purchase of property and equipment | 22,201 | 13,810 | 11,015 | 31,458 |
| Purchase of intangible assets | 235 | 592 | -4 | 784 |
| Refund of deposit for land use right | - | 0 | 0 | -686 |
| Purchase of short-term investments | - | 0 | 0 | 0 |
| Proceeds from sale of short-term investments (note 12) | - | 2,147 | - | - |
| Purchase of time deposits | 0 | 352,290 | 10,000 | 27,000 |
| Proceeds from disposal of long-term investments | - | 0 | 0 | - |
| Proceeds from redemption and maturity of time deposits | -13,005 | -17,000 | -10,000 | -27,261 |
| Purchase of long-term investments | 361 | 6 | 478 | 0 |
| Net cash used in investing activities | -9,792 | -347,551 | -11,489 | -31,295 |
| Proceeds from short-term borrowings | 36,125 | 28,076 | 14,377 | 45,073 |
| Repayments of short-term borrowings | 17,340 | -316 | 22,473 | 25,175 |
| Proceeds from long-term borrowings | 41,538 | -512 | 30,166 | 89,485 |
| Repayments of long-term borrowings | 24,706 | 30,382 | 14,625 | 15,246 |
| Capital contribution by non-controlling shareholder | 0 | 0 | 0 | 242 |
| Gross proceeds from sales of acm shanghai's shares | 110,243 | - | - | - |
| Proceeds from exercise of stock options | 17,536 | 6,874 | 4,311 | 23,582 |
| Repurchase of acm shanghai's shares | - | 0 | 0 | 6,988 |
| Acm shanghai dividends | - | 0 | 7,578 | - |
| Proceeds from issuance of acm shanghais shares, net of issuance costs | - | 0 | 622,964 | - |
| Net cash provided by financing activities | 163,396 | 4,372 | 627,142 | 110,973 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4,106 | 7,883 | 3,425 | 1,517 |
| Net increase in cash, cash equivalents and restricted cash | 128,172 | -301,377 | 614,453 | 41,576 |
| Cash, cash equivalents and restricted cash at beginning of period | 765,963 | 1,067,339 | 411,310 | - |
| Cash, cash equivalents and restricted cash at end of period | 894,135 | 765,962 | 1,067,339 | - |
ACM Research, Inc. (ACMR)
ACM Research, Inc. (ACMR)