ACM Research, Inc. (ACMR) Income Statement
ACMR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsACMR revenue and net income
Where ACMR's revenue goes
2025Each bar shows an amount and its share of revenue. ACMR kept 10.4% of revenue as net income.
ACMR profit margins
ACMR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.2% | +32.3% | +41.9% | +40.0% |
| Gross profit | +2.2% | +29.6% | +41.9% | +39.7% |
| Operating income | −27.5% | +22.8% | +38.5% | +36.5% |
| Net income | −9.2% | +33.8% | +38.0% | +33.1% |
| EPS (diluted) | −38.1% | +19.5% | +29.8% | +9.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ACMR quarterly EPS vs estimates
ACM Research beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.41).
ACMR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $901.3M | $782.1M | $557.7M | $388.8M | $259.8M | $156.6M | $107.5M | $74.6M | $36.5M | $27.4M |
| Cost of revenue | $501.2M | $390.6M | $281.5M | $205.2M | $144.9M | $87.0M | $56.9M | $40.2M | $19.3M | $14.0M |
| Gross profit | $400.1M | $391.6M | $276.2M | $183.6M | $114.9M | $69.6M | $50.7M | $34.4M | $17.2M | $13.3M |
| Research & development | $145.0M | $105.5M | $92.7M | $62.2M | $34.2M | $19.1M | $12.9M | $10.4M | $5.1M | $3.3M |
| Sales, general & admin | $145.6M | $135.1M | $87.7M | $62.4M | $41.9M | $29.0M | $20.0M | $17.6M | $11.4M | $6.6M |
| Total operating expenses | $290.6M | $240.6M | $180.4M | $124.6M | $76.2M | $48.1M | $32.9M | $28.0M | $16.5M | $9.8M |
| Operating income | $109.4M | $151.0M | $95.8M | $59.0M | $38.7M | $21.5M | $17.8M | $6.5M | $700,000 | $3.5M |
| Interest income | $14.6M | $9.9M | $8.4M | $8.7M | $505,000 | $897,000 | $333,000 | $29,000 | $9,000 | $16,000 |
| Interest expense | $7.0M | $4.2M | $2.7M | $1.7M | $765,000 | $982,000 | $745,000 | $498,000 | $277,000 | $181,000 |
| Income before taxes | $135.2M | $166.3M | $116.2M | $67.4M | $43.1M | $19.3M | $18.9M | $7.4M | −$323,000 | $3.0M |
| Income taxes | $13.3M | $35.0M | $19.4M | $16.8M | $134,000 | −$2.4M | −$518,000 | $806,000 | $547,000 | $595,000 |
| Net income | $94.1M | $103.6M | $77.3M | $39.3M | $37.8M | $18.8M | $18.9M | $6.6M | −$316,000 | $1.0M |
| EBITDA | $158.5M | $180.4M | $127.0M | $74.4M | $46.2M | $21.3M | $18.6M | $6.9M | $223,000 | $3.4M |
| EPS (diluted) | $1.40 | $2.26 | $1.63 | $0.82 | $0.64 | $0.38 | $0.40 | $0.18 | −$0.11 | $0.04 |
| Gross margin | 44.4% | 50.1% | 49.5% | 47.2% | 44.2% | 44.4% | 47.1% | 46.2% | 47.2% | 48.7% |
| Operating margin | 12.1% | 19.3% | 17.2% | 15.2% | 14.9% | 13.7% | 16.5% | 8.7% | 1.9% | 12.8% |
| Net margin | 10.4% | 13.2% | 13.9% | 10.1% | 14.5% | 12.0% | 17.6% | 8.8% | −0.9% | 3.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $292.9M | $231.3M | $244.4M | $269.2M | $215.4M | $172.3M | $223.5M | $204.0M | $202.5M | $152.2M | $170.3M | $168.6M |
| Cost of revenue | $158.3M | $124.0M | $144.5M | $156.0M | $110.9M | $89.8M | $112.7M | $99.1M | $105.7M | $73.1M | $91.2M | $80.1M |
| Gross profit | $134.6M | $107.2M | $99.9M | $113.1M | $104.5M | $82.5M | $110.8M | $104.8M | $96.8M | $79.1M | $79.1M | $88.5M |
| Research & development | $42.3M | $36.5M | $44.0M | $39.7M | $33.8M | $27.5M | $27.8M | $27.8M | $26.0M | $23.9M | $32.5M | $26.2M |
| Sales, general & admin | $42.6M | $34.5M | $32.9M | $44.6M | $39.0M | $29.3M | $39.1M | $32.8M | $33.2M | $30.0M | $23.2M | $29.2M |
| Total operating expenses | $84.9M | $71.1M | $76.9M | $84.2M | $72.8M | $56.8M | $66.8M | $60.6M | $59.2M | $53.9M | $55.7M | $55.3M |
| Operating income | $49.7M | $36.2M | $23.0M | $28.9M | $31.7M | $25.8M | $44.0M | $44.2M | $37.6M | $25.2M | $23.4M | $33.2M |
| Interest income | $7.1M | $4.7M | $4.2M | $3.1M | $4.0M | $3.3M | $2.8M | $3.0M | $2.4M | $1.8M | $2.1M | $2.2M |
| Interest expense | $2.1M | $1.9M | $1.8M | $1.9M | $1.8M | $1.6M | $1.2M | $1.2M | $932,000 | $783,000 | $697,000 | $640,000 |
| Income before taxes | $135.7M | $30.0M | $20.8M | $49.1M | $38.2M | $27.2M | $56.4M | $42.7M | $40.7M | $26.5M | $31.4M | $31.7M |
| Income taxes | $13.5M | $3.8M | $6.6M | $2.7M | $1.9M | $2.2M | $17.3M | $4.0M | $9.3M | $4.4M | $8.1M | $718,000 |
| Net income | $89.0M | $17.3M | $8.0M | $35.9M | $29.8M | $20.4M | $31.1M | $30.9M | $24.2M | $17.4M | $17.7M | $25.7M |
| EBITDA | $144.1M | $37.4M | $28.4M | $55.0M | $43.3M | $31.7M | $60.5M | $46.3M | $43.8M | $29.8M | $34.2M | $34.4M |
| EPS (diluted) | $0.52 | $0.34 | $0.15 | $0.25 | $0.54 | $0.46 | $0.56 | $0.63 | $0.55 | $0.52 | $0.43 | $0.57 |
| Gross margin | 46.0% | 46.4% | 40.9% | 42.0% | 48.5% | 47.9% | 49.6% | 51.4% | 47.8% | 52.0% | 46.4% | 52.5% |
| Operating margin | 17.0% | 15.6% | 9.4% | 10.7% | 14.7% | 15.0% | 19.7% | 21.7% | 18.6% | 16.6% | 13.7% | 19.7% |
| Net margin | 30.4% | 7.5% | 3.3% | 13.3% | 13.8% | 11.8% | 13.9% | 15.2% | 12.0% | 11.5% | 10.4% | 15.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ACMR's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ACMR financial results
In fiscal year 2025 (ended December 31, 2025), ACM Research reported revenue of $901.3 million, up 15.2% from the year before. It had net income of $94.1 million (down 9.2%), a net profit margin of 10.4%. Diluted earnings per share came to $1.40. Over five years revenue grew at an average rate of 41.9% a year.
See the ACMR stock overview for the latest quote and news, or the ACMR chart for price history and technical indicators.
ACMR income statement FAQ
What is ACM Research's annual revenue?
ACM Research reported total revenue of $901.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.2% from $782.1 million the previous year.
Is ACM Research profitable?
Yes. ACM Research reported net income of $94.1 million in fiscal 2025, a net profit margin of 10.4%; its operating margin was 12.1%.
What is ACM Research's gross margin?
ACM Research's gross margin was 44.4% in fiscal 2025: for every $100 of revenue, ACM Research kept $44 after the direct cost of its products and services.
How much does ACM Research spend on research and development?
ACM Research spent $145.0 million on research and development in fiscal 2025, 16.1% of revenue.
How fast is ACM Research growing?
Revenue grew 41.9% a year on average over the last five fiscal years, from $156.6 million to $901.3 million.
What are ACM Research's earnings per share?
ACM Research earned $1.40 per diluted share in fiscal 2025, compared with $2.26 a year earlier.
When will ACM Research report its next earnings?
ACM Research is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does ACM Research's fiscal year end?
ACM Research's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.