AMERICAN SUPERCONDUCTOR CORP /DE/ AMSC

Industrials SIC 3621 - Motors & Generators NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing › Electrical Equipment Manufacturing › Motor and Generator Manufacturing derived Nasdaq

American Superconductor Corporation (together with its subsidiaries, "AMSC®" or the "Company") was founded on April 9, 1987. At AMSC, we believe that our creativity can meet today's challenges and help us progress to a better future. That means using future-facing technologies to harmonize the world's desire for sustainable progress with the need for more reliable, effective and efficient power delivery. Already, our transformative power solutions are moving the world forward.

We design, develop, and deploy power control solutions that harmonize an increasingly complex energy system, helping our customers scale without added complexity or size. Our system level products leverage the Company's proprietary "smart materials" and "smart software and controls" to provide enhanced resiliency and improved performance of megawatt-scale power flow.

Last close 25.12 2026-10-23
Market cap $1.22B 2026-06-30 share count
52-week range 24.08 - 64.72

Valuation FY2025 figures against the last close

P/S4.1x
P/E8.2x
P/FCF66.6x
EV/EBITDA76.8x
Dividend yield—
Diluted EPS3.05

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $299.2M$222.8M$145.6M$106.0M$108.4M$87.1M$63.8M$56.2M$48.4M$75.2M
Cost of revenue $207.8M$161.0M$110.4M$97.5M$94.9M—$54.4M$42.2M$44.6M$64.4M
Gross profit $91.4M$61.9M$35.3M$8.5M$13.5M—$9.4M$14.0M$3.8M$10.8M
R&D $15.7M$11.4M$8.0M$9.0M$10.5M—$9.6M$9.9M$11.6M$12.5M
SG&A $57.6M$43.1M$31.6M$28.7M$27.5M—$22.7M$22.0M$22.6M$25.7M
Total operating expenses $79.9M$62.9M$46.7M$41.5M$34.6M—$32.6M-$20.0M$36.0M$38.4M
Operating income $11.4M-$1.1M-$11.4M-$33.0M-$21.1M-$23.2M-$23.1M$34.0M-$32.2M-$27.5M
Pre-tax income $16.7M$2.4M-$10.8M-$34.8M-$21.0M-$23.5M-$16.9M$33.1M-$32.9M-$26.2M
Income tax $117.1M$3.7M$309.0K$215.0K$1.8M$832.0K$195.0K$6.4M$161.0K$1.1M
Net income $133.8M-$133.81B$6.03B-$11.11B-$35.04B-$19.19B-$17.1M$26.8M-$32.8M-$27.4M
EPS, basic 3.120.16-0.37-1.26-0.71-0.95-0.811.32-1.73-1.98
EPS, diluted 3.050.16-0.37-1.26-0.71-0.95-1.031.29-1.73-1.98
Shares, diluted (wtd. avg.) 43.9M37.7M29.8M27.8M27.2M23,87921.1M20.7M19.0M13.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $140.7M$79.5M$90.5M$23.4M$40.6M$67.8M$24.7M$77.5M$34.2M$27.7M
Short-term investments ————$0$5.1M$30.1M———
Receivables $69.4M$46.2M$26.3M$30.7M$20.3M$13.3M$17.0M$7.9M$7.4M$8.0M
Inventory $103.7M$71.2M$41.9M$37.0M$23.7M$13.3M$19.0M$12.1M$19.8M$17.5M
Total current assets $331.7M$206.5M$166.5M$106.2M$94.3M$105.2M$94.3M$103.4M$67.2M$55.7M
Property, plant and equipment $89.8M$38.6M$10.9M$12.3M$13.7M$9.0M$8.6M$9.0M$12.5M$43.4M
Goodwill $175.4M$48.2M$43.5M$43.5M$43.5M$34.6M$1.7M$1.7M$1.7M$0
Other intangibles $13.5M$5.9M$6.4M$8.5M$11.3M$9.2M$3.5M$2.9M$3.2M$301.0K
Total assets $739.5M$310.5M$232.8M$175.6M$173.9M$168.9M$124.1M$119.3M$88.2M$100.2M
Accounts payable $13.0M$6.7M$4.5M$13.9M$13.2M$5.4M$10.0M$2.9M$3.1M$3.2M
Short-term debt —$0$25.0K$75.0K$72.0K$0————
Total current liabilities $138.5M$99.8M$78.8M$84.1M$54.0M$40.7M$41.0M$28.4M$27.3M$32.2M
Long-term debt ——$0$15.0K$90.0K$0————
Total liabilities $184.0M$113.4M$88.2M$93.8M$64.5M$52.3M$51.9M$38.1M$35.9M$40.0M
Retained earnings -$926.8M-$1.06B-$1.07B-$1.06B-$1.02B-$1.00B-$978.6M-$961.5M-$988.3M-$955.6M
Total equity $555.4M$197.1M$144.6M$81.8M$109.4M$116.6M$72.2M$81.2M$52.2M$60.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $23.1M$28.3M$2.1M-$22.5M-$19.0M-$8.7M-$16.5M$42.7M-$24.8M-$11.2M
Depreciation and amortisation $4.4M$3.1M$2.3M$2.6M$2.7M$3.7M$4.0M$4.3M$11.0M$7.0M
Stock-based compensation $15.9M$7.8M$4.7M$4.7M$4.7M$3.5M$1.9M$3.0M$2.7M—
Capital expenditure $4.9M$2.4M$934.0K$1.2M$938.0K$1.8M$3.6M$952.0K$2.5M$656.0K
Investing cash flow -$77.1M-$35.2M-$961.0K-$1.5M-$7.2M$2.5M-$36.6M$2.2M$15.6M$192.0K
Financing cash flow $116.1M$8.0K$65.4M$162.0K$142.0K$50.8M$5.8M-$299.0K$15.3M-$1.1M
Buybacks $0$126.0K$0—$46.0K$927.0K$565.0K$456.0K$274.0K$490.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-018542.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -150B -100B -50B 0 50B Revenue, FY2016: 75.2M Gross profit, FY2016: 10.8M Net income, FY2016: -27.4M Revenue, FY2017: 48.4M Gross profit, FY2017: 3.8M Net income, FY2017: -32.8M Revenue, FY2018: 56.2M Gross profit, FY2018: 14M Net income, FY2018: 26.8M Revenue, FY2019: 63.8M Gross profit, FY2019: 9.4M Net income, FY2019: -17.1M Revenue, FY2020: 87.1M Net income, FY2020: -19.2B Revenue, FY2021: 108.4M Gross profit, FY2021: 13.5M Net income, FY2021: -35B Revenue, FY2022: 106M Gross profit, FY2022: 8.5M Net income, FY2022: -11.1B Revenue, FY2023: 145.6M Gross profit, FY2023: 35.3M Net income, FY2023: 6B Revenue, FY2024: 222.8M Gross profit, FY2024: 61.9M Net income, FY2024: -133.8B Revenue, FY2025: 299.2M Gross profit, FY2025: 91.4M Net income, FY2025: 133.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $75.2M $48.4M $56.2M $63.8M $87.1M $108.4M $106.0M $145.6M $222.8M $299.2M
Gross profit $10.8M $3.8M $14.0M $9.4M — $13.5M $8.5M $35.3M $61.9M $91.4M
Net income -$27.4M -$32.8M $26.8M -$17.1M -$19.19B -$35.04B -$11.11B $6.03B -$133.81B $133.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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