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ACM Research ACMR South Korea — Valuation allowance

Other geography segments

Mainland China
$2.18M-89.2%

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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$7.59B+75.5%
Enterprise value$7.02B+71.6%
P/E83.4×+42.8×
P/S7.9×+2.5×

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:ValuationAllowanceDeferredTaxAssetChangeInAmount.

The official record: ACM Research’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ACM Research's south korea — valuation allowance?
ACM Research (ACMR) reported south korea — valuation allowance of $210K in Q4 2025.
How has ACM Research's south korea — valuation allowance changed year-over-year?
ACM Research's south korea — valuation allowance increased by 63.1% year-over-year, from $128.75K to $210K.
What does south korea — valuation allowance mean?
This represents the contra-asset account established against deferred tax assets in the South Korean geographic segment. It reflects management's estimate that it is more likely than not that some portion of the deferred tax assets will not be realized due to insufficient future taxable income. An increase in this allowance indicates a reduction in the expected tax benefit from carryforwards or other temporary differences within this specific region.