Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 442,088	$ 407,445
Restricted cash	10,798	3,865
Short-term time deposits (note 2)	31,019	17,277
Short-term investments (note 12)	21,115	19,373
Account receivables, net (note 4)	433,662	387,045
Inventories, net (note 5)	648,278	597,984
Prepaid expenses and other current assets	14,303	7,507
Total current assets	1,645,653	1,483,379
Property, plant and equipment, net (note 6)	290,944	269,272
Operating lease right-of-use assets, net	17,285	14,038
Intangible assets, net	2,849	3,461
Long-term time deposits (note 2)	0	13,275
Deferred tax assets (note 16)	22,341	14,781
Long-term investments (note 11)	56,723	37,063
Other long-term assets (note 7)	3,920	20,452
Total assets	2,039,715	1,855,721
Current liabilities:
Short-term borrowings (note 8)	52,969	32,814
Current portion of long-term borrowings (note 10)	62,139	44,472
Advances from customers	221,446	243,949
Deferred revenue	13,660	8,537
Income taxes payable (note 16)	253	12,779
FIN-48 payable (note 16)	21,373	19,466
Other payables and accrued expenses (note 9)	126,787	121,657
Current portion of operating lease liabilities	3,778	2,132
Total current liabilities	671,012	641,233
Long-term borrowings (note 10)	162,991	105,525
Long-term operating lease liabilities	5,496	3,840
Other long-term liabilities	8,527	9,217
Total liabilities	848,026	759,815
Commitments and contingencies (note 17)
Stockholders’ equity:
Additional paid-in capital	704,570	677,476
Retained earnings	310,140	260,000
Statutory surplus reserve (note 19)	30,514	30,514
Accumulated other comprehensive loss	(58,781)	(63,372)
Total ACM Research, Inc. stockholders’ equity	986,450	904,625
Non-controlling interests	205,239	191,281
Total equity	1,191,689	1,095,906
Total liabilities and equity	2,039,715	1,855,721
Class A Common Stock
Stockholders’ equity:
Common stock	6	6
Class B Common Stock
Stockholders’ equity:
Common stock	1	1
Related Party
Current assets:
Other receivables	682	1,024
Current liabilities:
Accounts payable	19,827	16,133
Nonrelated Party
Current assets:
Other receivables	43,708	41,859
Current liabilities:
Accounts payable	$ 148,780	$ 139,294