What is ACM Research's net debt?

ACM Research (ACMR) reported net debt of -$570.38M in Q1 2026.

How has ACM Research's net debt changed year-over-year?

ACM Research's net debt decreased by 91.0% year-over-year, from -$298.62M to -$570.38M.

What is the long-term trend for ACM Research's net debt?

Over 5 years (2020 to 2025), ACM Research's net debt has grown at a 84.8% compound annual growth rate (CAGR), from -$23.34M to -$503.14M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ACM Research ACMR Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

ESABESAB

2.3×+0.7×

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

See full

Return on equity7.2%-5.0pp

Debt / equity0.2×0.0×

Current ratio3.5×+1.1×

Where this comes from

Calculated from ACM Research’s reported figures.

$323.8Mtotal debt−$894.1Mcash and equivalents=-$570.38M

The official record: ACM Research’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ACM Research's net debt?: ACM Research (ACMR) reported net debt of -$570.38M in Q1 2026.
How has ACM Research's net debt changed year-over-year?: ACM Research's net debt decreased by 91.0% year-over-year, from -$298.62M to -$570.38M.
What is the long-term trend for ACM Research's net debt?: Over 5 years (2020 to 2025), ACM Research's net debt has grown at a 84.8% compound annual growth rate (CAGR), from -$23.34M to -$503.14M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.