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ACM Research ACMR Mainland China — Operating loss carryforwards

Other geography segments

South Korea
$3.82M+63.1%

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Other financials

Income statement

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Revenue$231.3M+34.2%
Gross profit$107.2M+29.9%
Operating income$36.2M+40.3%
Net income$17.3M-15.1%
EPS (diluted)$0.24-20.0%

Balance sheet

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Cash & equivalents$894.1M+91.1%
Total debt$323.8M+91.3%
Total equity$1.6B+66.6%
Total assets$3.1B+58.5%

Cash flow

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Operating cash flow-$29.5M-659%
CapEx$22.2M+32.7%
Free cash flow-$51.7M-352%

Valuation

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Market cap$5.52B+244%
Enterprise value$4.95B+260%
P/E60.7×+46.4×
P/S5.8×+3.8×

Profitability

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Gross margin44.2%-5.0pp
Operating margin12.5%-6.4pp
Net margin9.5%-3.8pp
FCF margin-1.1%-0.5pp

Returns & leverage

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Return on equity7.2%-5.0pp
Debt / equity0.2×0.0×
Current ratio3.5×+1.1×

Where this comes from

Reported directly by ACM Research in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: ACM Research’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:18 PM EST
Fiscal year
FY2025
Accession
0001628280-26-013231

As of December 31, 2025 and 2024, the Company had NOLs, respectively, $17,863 and $30,481 for mainland China income tax purposes and $3,816 and $2,339 for South Korea income tax purposes. Such losses begin expiring in 2037, 2032, 2028 and 2037 for U.S. federal, U.S. state, mainland China, and South Korea income tax purposes, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is ACM Research's mainland china — operating loss carryforwards?
ACM Research (ACMR) reported mainland china — operating loss carryforwards of $17.86M in Q4 2025.
What does mainland china — operating loss carryforwards mean?
This metric tracks the accumulated operating losses within the Mainland China segment that can be carried forward to offset future taxable income in that jurisdiction. It serves as a potential future tax shield, provided the company generates sufficient taxable profit in subsequent periods. Monitoring this helps investors understand the company's long-term tax planning and the historical profitability trajectory of the regional segment.

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