American Superconductor Corp (AMSC) financial statements: income statement, balance sheet and cash flow
American Superconductor Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Mar 31, 2026 · FY), American Superconductor Corp reported revenue of $299.2M (+34.3% year on year) and net income of $133.8M (+2118.0% year on year).
Income statement
American Superconductor Corp income statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Revenues
$299.2M
$222.8M
$145.6M
$106.0M
Cost of revenues
$207.8M
$161.0M
$110.4M
$97.5M
Gross profit
$91.4M
$61.9M
$35.3M
$8.5M
Research and development
$15.7M
$11.4M
$8.0M
$9.0M
Selling, general and administrative
$57.6M
$43.1M
$31.6M
$28.7M
Amortization of acquisition related intangibles
$2.4M
$1.7M
$2.2M
$2.7M
Change in fair value
$4.2M
$6.7M
—
—
Restructuring
$0
$0
($14.0K)
$1.0M
Total operating expenses
$79.9M
$62.9M
$46.7M
$41.5M
Operating income (loss)
$11.4M
($1.1M)
($11.4M)
($33.0M)
Interest income, net
$6.4M
$3.7M
$1.3M
$252.0K
Other expense, net
($1.1M)
($265.0K)
($736.0K)
($148.0K)
Income (loss) before income tax (benefit) expense
$16.7M
$2.4M
($10.8M)
($34.8M)
Income tax (benefit) expense
($117.1M)
($3.7M)
$309.0K
$215.0K
Net income (loss)
$133.8M
$6.0M
($11.1M)
($35.0M)
Basic (in dollars per share)
$3.12
$0.16
-$0.37
-$1.26
Diluted (in dollars per share)
$3.05
$0.16
-$0.37
-$1.26
Basic (in shares)
42.9M
37.0M
29.8M
27.8M
Diluted (in shares)
43.9M
37.7M
29.8M
27.8M
American Superconductor Corp income statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · Q3
Sep 30, 2025 · Q2
Jun 30, 2025 · Q1
Revenues
$94.1M
$74.5M
$65.9M
$72.4M
Cost of revenues
$69.3M
$51.7M
$45.4M
$47.9M
Gross margin
$24.7M
$22.9M
$20.4M
$24.5M
Research and development
$3.9M
$3.5M
$3.7M
$4.3M
Selling, general and administrative
$18.6M
$15.4M
$13.4M
$14.2M
Amortization of acquisition-related intangibles
$466.0K
$510.0K
$337.0K
$337.0K
Change in fair value
($8.1M)
$0
$0
$0
Total operating expenses
$14.9M
$19.5M
$17.5M
$18.8M
Operating income
$9.8M
$3.4M
$3.0M
$5.6M
Interest income, net
$1.5M
$2.0M
$2.3M
$932.0K
Other (expense)/income, net
($617.0K)
$77.0K
($367.0K)
$347.0K
Income before income tax expense
$10.8M
$5.4M
$4.9M
$6.9M
Income tax expense
$1.3M
($112.4M)
$117.0K
$199.0K
Net income
$9.5M
$117.8M
$4.8M
$6.7M
Basic (in dollars per share)
$0.21
$2.68
$0.11
$0.17
Diluted (in dollars per share)
$0.20
$2.62
$0.11
$0.17
Basic (in shares)
46.0M
44.0M
43.2K
38.9K
Diluted (in shares)
47.1M
44.9M
44.2K
39.7K
Balance sheet
American Superconductor Corp balance sheet, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Cash and cash equivalents
$140.7M
$79.5M
$90.5M
$23.4M
Accounts receivable, net
$69.4M
$46.2M
$26.3M
$30.7M
Inventory, net
$103.7M
$71.2M
$41.9M
$37.0M
Prepaid expenses and other current assets
$14.4M
$8.1M
$7.3M
$13.4M
Restricted cash
$3.5M
$1.6M
$468.0K
$1.7M
Total current assets
$331.7M
$206.5M
$166.5M
$106.2M
Property, plant and equipment, net
$89.8M
$38.6M
$10.9M
$12.3M
Intangibles, net
$13.5M
$5.9M
$6.4M
$8.5M
Right-of-use assets
$3.9M
$3.8M
$2.6M
$2.9M
Goodwill
$175.4M
$48.2M
$43.5M
$43.5M
Restricted cash
$3.3M
$4.3M
$1.3M
$582.0K
Deferred tax assets
$119.5M
$1.2M
$1.1M
$1.1M
Equity-method investments
$1.3M
$1.1M
—
—
Other assets
$1.0M
$958.0K
$637.0K
$528.0K
Total assets
$739.5M
$310.5M
$232.8M
$175.6M
Accounts payable and accrued expenses
$46.5M
$32.3M
$24.2M
$38.4M
Lease liability, current portion
$1.2M
$685.0K
$716.0K
$808.0K
Contingent consideration, current portion
$12.8M
$0
$3.1M
—
Deferred revenue, current portion
$77.9M
$66.8M
$50.7M
$43.6M
Total current liabilities
$138.5M
$99.8M
$78.8M
$84.1M
Deferred revenue, long term portion
$15.4M
$9.3M
$7.1M
$7.2M
Lease liability, long term portion
$2.8M
$2.7M
$2.0M
$2.2M
Deferred tax liabilities
$0
$1.6M
$300.0K
$243.0K
Contingent consideration, long term portion
$26.7M
—
—
—
Other liabilities
$629.0K
$28.0K
$27.0K
$26.0K
Total liabilities
$184.0M
$113.4M
$88.2M
$93.8M
Common stock, $0.01 par value, 75,000,000 shares authorized; 48,035,691 and 39,887,536 shares issued and 47,632,340 and 39,484,185 shares outstanding at March 31, 2026 and 2025, respectively
480.0K
399.0K
373.0K
299.0K
Additional paid-in capital
$1.5B
$1.3B
$1.2B
$1.1B
Treasury stock, at cost, 403,351 at March 31, 2026 and 2025
($3.8M)
($3.8M)
—
—
Accumulated other comprehensive income
$4.1M
$1.6M
$1.6M
$1.6M
Accumulated deficit
($926.8M)
($1.1B)
($1.1B)
($1.1B)
Total stockholders' equity
$555.4M
$197.1M
$144.6M
$81.8M
Total liabilities and stockholders' equity
$739.5M
$310.5M
$232.8M
$175.6M
American Superconductor Corp balance sheet, quarters
Line item
Jun 30, 2026
Dec 31, 2025
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$143.7M
$141.1M
$212.9M
$207.9M
Accounts receivable, net
$80.7M
$62.6M
$39.9M
$54.7M
Inventory, net
$98.0M
$105.4M
$75.5M
$71.6M
Prepaid expenses and other current assets
$16.3M
$13.2M
$11.8M
$13.3M
Restricted cash
$3.8M
$2.8M
$2.9M
$1.3M
Total current assets
$342.5M
$325.0M
$342.9M
$348.9M
Property, plant and equipment, net
$98.8M
$87.5M
$39.0M
$38.5M
Intangibles, net
$12.7M
$13.9M
$5.2M
$5.6M
Right-of-use assets
$3.8M
$3.7M
$3.8M
$4.0M
Goodwill
$176.7M
$166.4M
$48.2M
$48.2M
Restricted cash
$5.6M
$3.3M
$3.0M
$4.2M
Deferred tax assets, long-term portion
$119.8M
$117.3M
$1.3M
$1.3M
Equity-method investments
$1.4M
$1.6M
$1.5M
$1.4M
Other assets
$1.1M
$1.0M
$833.0K
$836.0K
Total assets
$762.2M
$719.5M
$445.6M
$452.8M
Accounts payable and accrued expenses
$50.7M
$46.6M
$34.7M
$38.4M
Lease liability, current portion
$1.3M
$1.1M
$968.0K
$854.0K
Contingent consideration, current portion
$4.0M
—
—
—
Deferred revenue, current portion
$84.9M
$72.7M
$52.2M
$66.1M
Total current liabilities
$140.9M
$122.0M
$87.8M
$105.3M
Deferred revenue, long-term portion
$17.7M
$16.7M
$11.2M
$9.8M
Lease liability, long-term portion
$2.6M
$2.6M
$2.7M
$2.9M
Contingent consideration, long-term portion
$27.9M
$34.7M
—
—
Other liabilities
$641.0K
$613.0K
$29.0K
$31.0K
Total liabilities
$189.7M
$182.7M
$103.4M
$119.7M
Common stock, $0.01 par value, 75,000,000 shares authorized; 48,850,479 and 48,035,691 shares issued and 48,447,121 and 47,632,340 shares outstanding at June 30, 2026 and March 31, 2026, respectively
489.0K
480.0K
456.0K
456.0K
Additional paid-in capital
$1.5B
$1.5B
$1.4B
$1.4B
Treasury stock, at cost, 403,351 at June 30, 2026 and March 31, 2026
($3.8M)
($3.8M)
($3.8M)
($3.8M)
Accumulated other comprehensive income (loss)
$5.8M
($4.3M)
$1.4M
$1.4M
Accumulated deficit
($917.3M)
($931.3M)
($1.0B)
($1.1B)
Total stockholders' equity
$572.5M
$536.8M
$342.2M
$333.1M
Total liabilities and stockholders' equity
$762.2M
$719.5M
$445.6M
$452.8M
Cash flow statement
American Superconductor Corp cash flow statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Net income (loss)
$133.8M
$6.0M
($11.1M)
($35.0M)
Depreciation and amortization
$7.4M
$5.6M
$4.5M
$5.4M
Stock-based compensation expense
$15.9M
$7.8M
$4.7M
$4.7M
Provision for excess and obsolete inventory
$3.5M
$1.5M
$2.0M
$1.5M
Amortization of operating lease right-of-use assets
$1.1M
$976.0K
—
—
Deferred income taxes
($118.7M)
($4.3M)
$65.0K
$24.0K
Earnings (loss) from equity method investments
($220.0K)
$132.0K
—
—
Change in fair value
$4.2M
$6.7M
—
—
Other non-cash items
$316.0K
($587.0K)
$44.0K
$600.0K
Unrealized foreign exchange gain on cash and cash equivalents
($2.0K)
($41.0K)
($2.0K)
($226.0K)
Accounts receivable
($16.3M)
($3.2M)
$4.3M
($10.4M)
Inventory
($7.0M)
($7.7M)
($6.8M)
($14.8M)
Prepaid expenses and other current assets
($598.0K)
$543.0K
$6.3M
($5.8M)
Operating leases
($503.0K)
($1.6M)
—
—
Accounts payable and accrued expenses
$7.1M
$3.2M
($13.8M)
$8.7M
Deferred revenue
($6.9M)
$13.2M
$7.1M
$20.9M
Net cash provided by operating activities
$23.1M
$28.3M
$2.1M
($22.5M)
Purchases of property, plant and equipment
($4.9M)
($2.4M)
($934.0K)
($1.2M)
Cash paid to settle NWL contingent consideration liability
$0
($3.3M)
—
—
Cash paid for acquisition, net of cash acquired
($72.1M)
($29.6M)
—
—
Change in other assets
($98.0K)
$64.0K
($27.0K)
($281.0K)
Net cash used in investing activities
($77.1M)
($35.2M)
($961.0K)
($1.5M)
Repurchase of treasury stock
$0
($126.0K)
—
$0
Repayment of debt
($8.8M)
($25.0K)
($65.0K)
($73.0K)
Cash paid related to registration of common stock shares
0
-148.0K
—
—
Proceeds from public equity offering, net of offering expenses
$124.5M
$0
$65.2M
—
Proceeds from exercise of employee stock options and ESPP
$391.0K
$307.0K
—
$235.0K
Net cash provided by financing activities
$116.1M
$8.0K
$65.4M
$162.0K
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$24.0K
$14.0K
($13.0K)
$29.0K
Net (decrease) increase in cash, cash equivalents and restricted cash
$62.2M
($6.9M)
$66.6M
($23.8M)
Cash, cash equivalents and restricted cash at beginning of year
$85.4M
$92.3M
$25.7M
$49.5M
Cash, cash equivalents and restricted cash at end of year
$147.6M
$85.4M
$92.3M
$25.7M
Cash paid for income taxes, net of refunds
$706.0K
$312.0K
$286.0K
$350.0K
Issuance of common stock
$79.7M
$31.4M
$3.1M
$0
Right-of-use assets obtained in exchange for new lease obligations
$1.1M
$2.2M
—
—
American Superconductor Corp cash flow statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · YTD
Sep 30, 2025 · YTD
Jun 30, 2025 · Q1
Net income
$9.5M
$129.3M
$11.5M
$6.7M
Depreciation and amortization
$2.6M
$4.2M
$2.5M
$1.2M
Stock-based compensation expense
$5.3M
$12.1M
$8.3M
$4.5M
Provision for excess and obsolete inventory
$1.1M
$2.2M
$1.8M
$711.0K
Amortization of operating lease right-of-use assets
$247.0K
$825.0K
$601.0K
$243.0K
Deferred income taxes
($272.0K)
($113.8M)
$15.0K
$7.0K
Earnings from equity method investments
($46.0K)
($449.0K)
($398.0K)
($293.0K)
Change in fair value of contingent consideration
($8.1M)
$0
$0
$0
Other non-cash items
$12.0K
$97.0K
$138.0K
$140.0K
Accounts receivable
($11.1M)
($12.5M)
$6.3M
($8.5M)
Inventory
$4.9M
($8.8M)
($6.0M)
($1.0M)
Prepaid expenses and other assets
($1.9M)
$1.6M
($3.5M)
($5.1M)
Operating leases
($203.0K)
($381.0K)
($281.0K)
($64.0K)
Accounts payable and accrued expenses
$4.7M
$6.0M
$2.9M
$6.3M
Deferred revenue
$9.3M
($6.5M)
($13.3M)
($777.0K)
Net cash provided by operating activities
$16.0M
$13.9M
$10.6M
$4.1M
Purchases of property, plant and equipment
($10.4M)
($3.1M)
($2.2M)
($814.0K)
Change in other assets
($51.0K)
($75.0K)
$83.0K
$79.0K
Net cash used in investing activities
($10.5M)
($75.3M)
($2.1M)
($735.0K)
Proceeds from public equity offering, net of offering expenses
$0
$124.5M
$124.6M
$124.6M
Net cash provided by financing activities
$0
$123.9M
$124.8M
$124.6M
Net increase in cash, cash equivalents and restricted cash
$5.6M
$61.7M
$133.4M
$128.0M
Cash, cash equivalents and restricted cash at beginning of period
$147.6M
$85.4M
$85.4M
$85.4M
Cash, cash equivalents and restricted cash at end of period
$153.1M
$147.1M
$218.8M
$213.4M
Effect of exchange rate changes on cash
$36.0K
($720.0K)
$67.0K
$71.0K
Cash paid for income taxes, net of refunds
$43.0K
$407.0K
$381.0K
$38.0K
Right-of-use assets obtained in exchange for new lease obligations
$102.0K
$647.0K
$557.0K
$451.0K
Issuance of common stock to settle 401k match liabilities