What is ACM Research's tax incentive adjustment?

ACM Research (ACMR) reported tax incentive adjustment of -$6.17M in Q4 2025.

What does tax incentive adjustment mean?

Adjustments to the tax provision resulting from specific government-granted tax incentives or preferential tax regimes. These are often used to encourage investment in specific regions or industries.

ACM Research ACMR Tax incentive adjustment

Tax incentive adjustment at other companies

GE VernovaGEV

-$20M—

NiSourceNI

-$775K-3.3%

BKBK

$136M-4.2%

GE VernovaGEV

-2.8%—

Ford Motor CompanyF

-2.2%-0.7pp

CaterpillarCAT

$61.25M+44.1%

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 acmr:EffectiveIncomeTaxRateReconciliationTaxIncentiveAdjustmentAmount.

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 tax incentive adjustment?: ACM Research (ACMR) reported tax incentive adjustment of -$6.17M in Q4 2025.
What does tax incentive adjustment mean?: Adjustments to the tax provision resulting from specific government-granted tax incentives or preferential tax regimes. These are often used to encourage investment in specific regions or industries.