← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
ACM Research grew revenue again, but FY2025 turned into a margin and cash-conversion reset.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +15.2% to $901MOK
- Profitability — Net income -9.2% to $94MWatch
- Cash quality — FCF -195.2% to -$66.6MWatch
- Margins — Gross -567 bps; operating margin -717 bpsWatch
- Capital — Capex -31.7% to $56.3MNote
- Balance sheet — Debt +42.7%; equity +61.9%Note
- Insiders — 0 buys / 27 sellsWatch
- Accounting — M-score clean; EQ greyNote
Business
ACM Research sells semiconductor capital equipment, led by single-wafer cleaning, Tahoe and semi-critical cleaning tools, plus ECP, furnace, PECVD, track, advanced packaging, services, and spares. The company is headquartered in Fremont, but most product development, manufacturing, support, and services run through ACM Shanghai.
Where the revenue comes from
Fiscal 2025, as ACM Research, Inc. reports it. History and quarterly detail are in the app.
- Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment$626.0M
- ECP (front-end and packaging), Furnace and Other Technologies$199.6M
- Advanced Packaging (excluding ECP), Services & Spares$75.8M
Leadership changes
From ACM Research, Inc.'s own filings, the day they're filed.
- Charles Pappis · Directors · appointmenteff. 2025-03-15
Latest filings
- 8-K · Company announcement2026-08-27
- 8-K · Company announcement2026-08-07
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-06-22
- 8-K · Company announcement2026-06-12
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about ACM Research, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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