| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 107,681 | 61,283 |
| Non-cash operating lease cost | 3,338 | 2,081 |
| Depreciation and amortization | 10,460 | 6,356 |
| Realized gain on short-term investments | 0 | 0 |
| Income from equity method investments | 6,395 | 2,725 |
| Unrealized (gain) loss on short-term investments | 20,304 | 1,648 |
| Inventory provision | 9,853 | 5,625 |
| Provision for credit losses | 9,481 | 1,435 |
| Deferred income taxes | -11,713 | -7,451 |
| Stock-based compensation | 27,149 | 19,587 |
| Dividends from unconsolidated affiliates | 64 | 0 |
| Others | -1,092 | -1,086 |
| Accounts receivable | 91,349 | 44,508 |
| Other receivables | 6,041 | 848 |
| Inventories | 80,689 | 52,946 |
| Advances to related parties (note 13) | 97 | 342 |
| Prepaid expenses and other current assets | 7,271 | 6,433 |
| Other long-term assets | 889 | - |
| Related parties accounts payable (note 13) | -7,190 | -3,694 |
| Accounts payable | 37,354 | 7,743 |
| Advances from customers | -43,254 | -24,357 |
| Deferred revenue | 7,012 | 5,123 |
| Income taxes payable | -12,934 | -12,585 |
| Fin-48 payable | 2,302 | 1,908 |
| Other payables and accrued expenses | 17,713 | 336 |
| Operating lease liabilities | -3,296 | -2,027 |
| Other long-term liabilities | -895 | -690 |
| Net cash (used in) provided by operating activities | -44,244 | -39,619 |
| Purchase of property and equipment | 42,473 | 31,458 |
| Purchase of intangible assets | 780 | 784 |
| Purchase of short-term investments (note 12) | 0 | 0 |
| Purchase of time deposits | 37,000 | 27,000 |
| Proceeds from redemption and maturity of time deposits | -37,261 | -27,261 |
| Refund of deposit for land use right | -686 | -686 |
| Proceeds from disposal of long-term investments | 0 | - |
| Purchase of long-term investments (note 11) | 478 | 0 |
| Net cash (used in) provided by investing activities | -42,784 | -31,295 |
| Proceeds from short-term borrowings | 59,450 | 45,073 |
| Repayments of short-term borrowings | 47,648 | 25,175 |
| Proceeds from long-term borrowings | 119,651 | 89,485 |
| Repayments of long-term borrowings | 29,871 | 15,246 |
| Capital contribution by non-controlling shareholder | 242 | 242 |
| Proceeds from exercise of stock options | 27,893 | 23,582 |
| Repurchase of acm shanghai's shares | 6,988 | 6,988 |
| Acm shanghai dividend | 7,578 | - |
| Net proceeds from issuance of shares by acm shanghai | 622,964 | - |
| Net cash provided by financing activities | 738,115 | 110,973 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 4,942 | 1,517 |
| Net increase in cash, cash equivalents and restricted cash | 656,029 | 41,576 |
| Cash and cash equivalents at beginning of period | 411,310 | - |
| Cash and cash equivalents at end of period | 1,067,339 | - |
ACM Research, Inc. (ACMR)
ACM Research, Inc. (ACMR)