For the year ending 2025-12-31, ACMR had $354,652K increase in cash & cash equivalents over the period. -$66,608K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 121,893 |
| Non-cash operating lease cost | 4,544 |
| Depreciation and amortization | 16,328 |
| Realized gain on short-term investments | 112 |
| Income from equity method investments | 10,290 |
| Unrealized (gain) loss on short-term investments | 17,455 |
| Inventory provision | 15,485 |
| Provision for credit losses | 14,498 |
| Deferred income taxes | -14,375 |
| Stock-based compensation | 33,577 |
| Dividends from unconsolidated affiliates | 2,100 |
| Others | -1,309 |
| Accounts receivable | 116,127 |
| Other receivables | 1,747 |
| Inventories | 108,218 |
| Advances to related parties (note 13) | -1,476 |
| Prepaid expenses and other current assets | 2,587 |
| Other long-term assets | 947 |
| Related parties accounts payable (note 13) | -15,927 |
| Accounts payable | 67,854 |
| Advances from customers | -60,844 |
| Deferred revenue | 8,851 |
| Income taxes payable | -12,096 |
| Fin-48 payable | 8,254 |
| Other payables and accrued expenses | 27,129 |
| Operating lease liabilities | -4,548 |
| Increase (decrease) in other noncurrent liabilities | 2,748 |
| Net cash (used in) provided by operating activities | -10,325 |
| Purchase of property and equipment | 56,283 |
| Purchase of intangible assets | 1,372 |
| Purchase of short-term investments | 0 |
| Purchase of time deposits | 389,290 |
| Proceeds from redemption and maturity of time deposits | -54,261 |
| Refund of deposit for land use right | -686 |
| Proceeds from sale of short-term investments (note 12) | 2,147 |
| Proceeds from disposal of long-term investments | 0 |
| Purchase of long-term investments | 484 |
| Net cash used in investing activities | -390,335 |
| Proceeds from short-term borrowings | 87,526 |
| Repayments of short-term borrowings | 47,332 |
| Proceeds from long-term borrowings | 119,139 |
| Repayments of long-term borrowings | 60,253 |
| Capital contribution by non-controlling shareholder | 242 |
| Proceeds from exercise of stock options | 34,767 |
| Repurchase of acm shanghai's shares | 6,988 |
| Acm shanghai dividends | 7,578 |
| Proceeds from issuance of acm shanghais shares, net of issuance costs | 622,964 |
| Net cash provided by financing activities | 742,487 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 12,825 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 354,652 |
| Cash, cash equivalents and restricted cash at beginning of year | 411,310 |
| Cash, cash equivalents and restricted cash at end of year | 765,962 |
ACM Research, Inc. (ACMR)
ACM Research, Inc. (ACMR)