ACM Research, Inc.

Filing receipts

“The decrease in gross margin versus the prior-year period was primarily due to revenue mix between product categories .”

“The $119.8 million increase was primarily driven by $163.4 million net cash provided by financing activities , $4.1 million from the effect of exchange rate on cash, cash equivalents, restricted cash, and $4.7 million from the effects of foreign exchange translation rates on time deposits, partially offset by a $29.5 million of cash used in operations and $22.8 million of net cash used in investing activities, excluding the change in time deposits.”

“Three Months Ended March 31, 2026 2025 Revenue 100.0 % 100.0 % Cost of revenue 53.6 52.1 Gross margin 46.4 47.9 Operating expenses: Sales and marketing 8.9 9.5 Research and development 15.8 16.0 General and administrative 6.0 7.5 Total operating expenses 30.7 33.0 Income from operations 15.7 14.9 Interest income, net 1.2 1.0 Unrealized loss on short-term investments -0.6 -0.6 Other expense, net -4.0 -0.2 Income (loss) from equity method investments 0.8 0.6 Income before income taxes 13.1 15.7 Income tax expense -1.6 -1.2 Net income 11.5 14.5 Less: Net income attributable to non-controlling interests 3.9 2.7 Net income attributable to ACM Research, Inc.”