AMERICAN SUPERCONDUCTOR CORP /DE/ AMSC
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.12 | 0.16 | -0.37 | -1.26 | -0.71 | -0.95 | -0.81 | 1.32 | -1.73 | -1.98 |
| EPS, diluted | 3.05 | 0.16 | -0.37 | -1.26 | -0.71 | -0.95 | -1.03 | 1.29 | -1.73 | -1.98 |
| Shares, diluted (wtd. avg.) | $43.9M | $37.7M | $29.8M | $27.8M | $27.2M | $23.9K | $21.1M | $20.7M | $19.0M | $13.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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| GNRC | GENERAC HOLDINGS INC. | $11.05B | 69.6x | -2.0% |
| FELE | FRANKLIN ELECTRIC CO INC | $4.41B | 31.0x | 5.4% |
| SCWO | 374Water Inc. | $58.8M | — | — |
| RAYA | Erayak Power Solution Group Inc. | — | — | -24.6% |