What is ACM Research's change in valuation allowance?

ACM Research (ACMR) reported change in valuation allowance of -12.6% in Q4 2025.

What does change in valuation allowance mean?

The change in the estimated value of tax assets that the company expects to be able to use in the future.

How do you interpret change in valuation allowance?

A reduction in the allowance (a benefit) suggests improved confidence in future profitability.

How does change in valuation allowance compare across companies?

Standard accounting disclosure for companies with significant deferred tax assets.

ACM Research ACMR Change in valuation allowance

Change in valuation allowance at other companies

AECOMACM

$7.93M—

Modine ManufacturingMOD

$25.83M—

SBA CommunicationsSBAC

-$114.75K-112%

AECOMACM

-$5.48M—

Corebridge FinancialCRBG

——

PopularBPOP

——

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$29.5M-659%

CapEx$22.2M+32.7%

Free cash flow-$51.7M-352%

Valuation

See full

Market cap$7.59B+75.5%

Enterprise value$7.02B+71.6%

P/E83.4×+42.8×

P/S7.9×+2.5×

Profitability

See full

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

Reported directly by ACM Research in its filing.

Tagged under the XBRL concept acmr:EffectiveIncomeTaxRateReconciliationChangeInValuationAllowancePercent.

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

Ask your AI about ACM Research's change in valuation allowance.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is ACM Research's change in valuation allowance?: ACM Research (ACMR) reported change in valuation allowance of -12.6% in Q4 2025.
What does change in valuation allowance mean?: The change in the estimated value of tax assets that the company expects to be able to use in the future.
How do you interpret change in valuation allowance?: A reduction in the allowance (a benefit) suggests improved confidence in future profitability.
How does change in valuation allowance compare across companies?: Standard accounting disclosure for companies with significant deferred tax assets.