# Acm Research Inc. (ACMR)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $6.17B  
**Price:** $91.71 (+14.69%)

> Acm Research Inc. is a semiconductor equipment company that develops, manufactures, and sells wafer fabrication tools for the global integrated circuit industry. The company specializes in single‑wafer and batch wet cleaning equipment designed to remove particles, contaminants, and defects during multiple process steps, helping chip manufacturers enhance yield and reliability. Its portfolio extends beyond cleaning systems to include electroplating, stress-free polishing, plasma-enhanced chemical vapor deposition, track, and thermal process equipment, serving advanced logic, memory, compound semiconductor, wafer-level packaging, and wafer manufacturing applications. Acm Research Inc. provides both production equipment and related service solutions, working closely with leading semiconductor foundries and device makers. Headquartered in Fremont, California, and operating globally, it plays a key role in the semiconductor capital equipment market by supporting increasingly complex manufacturing requirements at advanced process nodes.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $901M | $400M | $109M | $94M | — |
| 2024 | $782M | $392M | $151M | $104M | — |
| 2023 | $558M | $276M | $96M | $77M | — |
| 2022 | $389M | $184M | $59M | $39M | — |
| 2021 | $260M | $115M | $39M | $38M | — |
| 2020 | $157M | $70M | $21M | $19M | — |
| 2019 | $108M | $51M | $18M | $19M | — |
| 2018 | $75M | $34M | $6M | $7M | — |
| 2017 | $37M | $17M | $700,000 | -$318,000 | — |
| 2016 | $27M | $13M | $3M | $1M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.87B | $942M | $1.46B | $757M | $214M |
| 2024 | $1.86B | $760M | $905M | $407M | $150M |
| 2023 | $1.49B | $565M | $767M | $182M | $61M |
| 2022 | $1.24B | $423M | $675M | $248M | $21M |
| 2021 | $1.05B | $241M | $676M | $563M | $25M |
| 2020 | $341M | $133M | $141M | $72M | $20M |
| 2019 | $218M | $60M | $97M | $58M | — |
| 2018 | $103M | $51M | $52M | $27M | — |
| 2017 | $68M | $28M | $40M | $18M | — |
| 2016 | $44M | $24M | -$2M | $10M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$10M | $56M | -$67M |
| 2024 | $152M | $82M | $70M |
| 2023 | -$75M | $62M | -$137M |
| 2022 | -$62M | $91M | -$153M |
| 2021 | -$40M | $9M | -$49M |
| 2020 | -$14M | $5M | -$19M |
| 2019 | $9M | $971,000 | $8M |
| 2018 | $7M | $2M | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ACMR)