Cognex Corporation (CGNX) financial statements: income statement, balance sheet and cash flow
Cognex Corporation'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 (Dec 31, 2025 · FY), Cognex Corporation reported revenue of $994.4M (+8.7% year on year) and net income of $114.4M (+7.8% year on year).
Income statement
Cognex Corporation income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$994.4M
$914.5M
$837.5M
$1.0B
Cost of revenue
$329.0M
$288.7M
$236.3M
$284.2M
Gross margin
$665.4M
$625.8M
$601.2M
$721.9M
Research, development, and engineering expenses
$139.0M
$139.8M
$139.4M
$141.1M
Selling, general, and administrative expenses
$363.9M
$370.9M
$339.1M
$312.1M
Loss (recovery) from fire
$0
$0
($8.0M)
—
Operating income
$162.6M
$115.1M
$130.7M
$246.2M
Foreign currency gain (loss)
($4.1M)
$1.5M
($10.0M)
($1.8M)
Investment income
$16.9M
$14.0M
$14.1M
$6.7M
Other income (expense)
$7.4M
$922.0K
$592.0K
($412.0K)
Income before income tax expense
$182.8M
$131.5M
$135.3M
$250.7M
Income tax expense on continuing operations
$68.4M
$25.3M
$22.1M
$35.2M
Net income
$114.4M
$106.2M
$113.2M
$215.5M
Net income (in dollars per share)
$0.68
$0.62
$0.66
$1.24
Basic (in shares)
168.0M
171.4M
172.2M
173.4M
Diluted (in shares)
169.4M
172.6M
173.4M
174.9M
Cash dividends per common share (in dollars per share)
$0.33
$0.30
$0.29
$0.27
Cognex Corporation income statement, quarters
Line item
Jul 5, 2026 · Q3
Apr 5, 2026 · Q2
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Revenue
$291.3M
$268.4M
$276.9M
$249.1M
Cost of revenue
$85.5M
$77.5M
$89.6M
$81.2M
Gross profit
$205.8M
$190.9M
$187.3M
$167.9M
Research, development, and engineering expenses
$32.4M
$37.0M
$35.1M
$33.1M
Selling, general, and administrative expenses
$87.9M
$94.0M
$94.4M
$91.3M
Operating income
$85.5M
$59.9M
$57.8M
$43.4M
Foreign currency gain (loss)
($862.0K)
($1.3M)
$840.0K
($1.5M)
Investment income
$5.1M
$4.8M
$4.2M
$4.0M
Other income (expense)
($446.0K)
($1.6M)
$61.0K
$2.1M
Income before income tax expense
$89.3M
$61.8M
$62.9M
$48.1M
Income tax expense
$16.5M
$10.1M
$45.2M
$7.6M
Net income
$72.8M
$51.7M
$17.7M
$40.5M
Basic (usd per share)
$0.43
$0.31
$0.11
$0.24
Diluted (usd per share)
$0.43
$0.31
$0.10
$0.24
Basic (shares)
167.3M
166.5M
167.8M
167.9M
Diluted (shares)
170.0M
168.4M
169.3M
168.6M
Cash dividends per common share (usd per share)
$0.09
$0.09
$0.08
$0.08
Balance sheet
Cognex Corporation balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$262.9M
$186.1M
$202.7M
$181.4M
Current investments, amortized cost of $74,050 and $60,725 in 2025 and 2024, respectively, allowance for credit losses of $0 in 2025 and 2024
$74.0M
$60.0M
$129.4M
$218.8M
Accounts receivable, allowance for credit losses of $728 and $827 in 2025 and 2024, respectively
$146.7M
$143.4M
$114.2M
$125.4M
Unbilled revenue
$17.0M
$3.1M
$2.4M
$2.2M
Inventories
$137.9M
$157.5M
$162.3M
$122.5M
Prepaid expenses and other current assets
$58.7M
$63.4M
$68.1M
$67.5M
Total current assets
$697.2M
$613.4M
$679.0M
$717.7M
Non-current investments, amortized cost of $302,539 and $345,033 in 2025 and 2024, respectively, allowance for credit losses of $0 in 2025 and 2024
$305.3M
$340.9M
$244.2M
$454.1M
Property, plant, and equipment, net
$86.0M
$98.4M
$105.8M
$79.7M
Operating lease assets
$72.3M
$67.3M
$75.1M
$37.7M
Goodwill
$386.3M
$384.9M
$393.2M
$242.6M
Intangible assets, net
$81.1M
$90.7M
$113.0M
$12.4M
Deferred income taxes
$383.3M
$392.2M
$400.4M
$407.2M
Other assets
$5.0M
$5.0M
$7.1M
$6.6M
Total assets
$2.0B
$2.0B
$2.0B
$2.0B
Accounts payable
$50.2M
$38.0M
$21.5M
$27.1M
Accrued expenses
$91.4M
$71.8M
$72.4M
$93.2M
Accrued income taxes
$9.1M
$25.7M
$16.9M
$18.1M
Deferred revenue and customer deposits
$21.1M
$25.0M
$31.5M
$40.8M
Operating lease liabilities
$11.7M
$8.9M
$9.6M
$8.5M
Total current liabilities
$183.6M
$169.4M
$151.9M
$187.7M
Non-current operating lease liabilities
$64.9M
$61.4M
$69.0M
$31.3M
Deferred income taxes
$250.5M
$217.2M
$246.9M
$250.0M
Reserve for income taxes
$24.3M
$26.4M
$26.7M
$15.9M
Other liabilities
$1.5M
$1.1M
$299.0K
$1.9M
Total liabilities
$524.7M
$475.3M
$513.1M
$519.7M
Preferred stock, $0.01 par value - Authorized: 400 shares in 2025 and 2024, respectively, no shares issued and outstanding
0
0
0
0
Common stock, $0.002 par value – Authorized: 300,000 shares in 2025 and 2024, respectively, issued and outstanding: 166,997 and 170,434 shares in 2025 and 2024, respectively
334.0K
341.0K
343.0K
345.0K
Additional paid-in capital
$1.1B
$1.1B
$1.0B
$979.2M
Retained earnings
$406.4M
$499.3M
$512.5M
$528.2M
Accumulated other comprehensive loss, net of tax
($53.5M)
($72.8M)
($45.3M)
($69.3M)
Total shareholders’ equity
$1.5B
$1.5B
$1.5B
$1.4B
Total liabilities and shareholders' equity
$2.0B
$2.0B
$2.0B
$2.0B
Cognex Corporation balance sheet, quarters
Line item
Jul 5, 2026
Apr 5, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$302.5M
$237.3M
$245.9M
$179.3M
Current investments
$101.8M
$59.4M
$54.4M
$48.9M
Accounts receivable, net of allowance for credit losses of $726 and $728 in 2026 and 2025, respectively
$216.2M
$170.7M
$154.6M
$183.9M
Unbilled revenue
$12.7M
$16.4M
$16.9M
$2.2M
Inventories
$142.8M
$135.5M
$143.7M
$144.6M
Prepaid expenses and other current assets
$73.8M
$70.9M
$55.5M
$66.8M
Total current assets
$849.9M
$690.3M
$670.9M
$625.7M
Non-current investments
$350.6M
$325.2M
$300.1M
$324.3M
Property, plant, and equipment, net
$81.5M
$84.3M
$89.9M
$93.4M
Operating lease assets
$68.5M
$69.7M
$74.2M
$78.0M
Goodwill
$381.4M
$382.8M
$392.1M
$397.4M
Intangible assets, net
$64.5M
$67.1M
$86.8M
$92.1M
Deferred income taxes
$377.8M
$381.1M
$383.6M
$387.2M
Other assets
$4.5M
$5.0M
$5.3M
$5.3M
Total assets
$2.2B
$2.0B
$2.0B
$2.0B
Accounts payable
$65.1M
$59.6M
$45.5M
$42.3M
Accrued expenses
$80.6M
$77.4M
$86.7M
$78.3M
Accrued income taxes
$9.1M
$6.2M
$2.7M
$5.5M
Deferred revenue and customer deposits
$49.0M
$34.1M
$23.8M
$53.1M
Operating lease liabilities
$12.3M
$12.3M
$10.6M
$11.3M
Total current liabilities
$216.0M
$189.5M
$169.3M
$190.4M
Non-current operating lease liabilities
$60.2M
$61.7M
$68.3M
$71.9M
Deferred income taxes
$248.9M
$252.2M
$249.1M
$209.3M
Reserve for income taxes
$22.0M
$21.3M
$26.4M
$25.7M
Other liabilities
$2.0M
$1.9M
$88.0K
$91.0K
Total liabilities
$549.1M
$526.6M
$513.1M
$497.5M
Preferred stock, $.01 par value – Authorized: 400 shares in 2026 and 2025, respectively; no shares issued and outstanding
0
0
0
0
Common stock, $.002 par value – Authorized: 300,000 shares in 2026 and 2025, respectively; issued and outstanding: 168,217 and 166,997 shares in 2026 and 2025, respectively
336.0K
333.0K
335.0K
336.0K
Additional paid-in capital
$1.3B
$1.2B
$1.1B
$1.1B
Retained earnings
$397.1M
$344.4M
$412.3M
$433.0M
Accumulated other comprehensive loss, net of tax
($62.5M)
($60.7M)
($46.2M)
($37.8M)
Total shareholders’ equity
$1.6B
$1.5B
$1.5B
$1.5B
Total liabilities and shareholders' equity
$2.2B
$2.0B
$2.0B
$2.0B
Cash flow statement
Cognex Corporation cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$114.4M
$106.2M
$113.2M
$215.5M
Stock-based compensation expense
$48.5M
$52.4M
$54.8M
$54.5M
Depreciation of property, plant, and equipment
$20.3M
$21.3M
$17.3M
$16.3M
Loss (gain) on disposal of property, plant, and equipment
$164.0K
$88.0K
$229.0K
$19.0K
Gain from sale of training center property
($5.1M)
—
—
—
Amortization of intangible assets
$10.5M
$11.4M
$4.6M
$3.3M
Excess and obsolete inventory charges
$15.6M
$2.5M
$3.8M
$3.1M
Fair value adjustment on acquired inventories (Note 21)
$0
$1.2M
$2.8M
—
Amortization of discounts or (premiums) on investments
($731.0K)
$306.0K
$1.7M
$5.0M
Realized (gain) loss on sale of investments
($156.0K)
$8.0K
$2.0M
$182.0K
Change in deferred income taxes
$40.1M
($21.5M)
($19.8M)
($27.3M)
Accounts receivable
($1.4M)
($32.1M)
$23.3M
$3.5M
Unbilled revenue
($13.9M)
($693.0K)
($255.0K)
$1.8M
Inventories
$4.9M
($1.3M)
($22.6M)
($48.9M)
Prepaid expenses and other current assets
$5.7M
$1.5M
$2.5M
($7.0M)
Accounts payable
$11.7M
$18.4M
($13.7M)
($17.3M)
Accrued expenses
$16.0M
$2.9M
($35.3M)
$2.1M
Accrued income taxes
($16.8M)
($9.3M)
($16.7M)
($444.0K)
Deferred revenue and customer deposits
($4.2M)
($6.2M)
($9.1M)
$4.9M
Other
($223.0K)
$1.9M
$4.2M
($12.1M)
Net cash provided by operating activities
$245.5M
$149.1M
$112.9M
$243.4M
Purchases of investments
($290.2M)
($850.9M)
($184.1M)
($233.7M)
Maturities and sales of investments
$320.3M
$828.4M
$496.5M
$254.0M
Proceeds from sale of training center property
$6.7M
—
—
—
Purchases of property, plant, and equipment, net of proceeds from disposals
($8.7M)
($15.0M)
($23.1M)
($19.7M)
Net payments related to business acquisitions (Note 21)
$0
($1.4M)
($257.1M)
($5.0M)
Net cash provided by (used in) investing activities
$28.0M
($39.0M)
$32.3M
($4.5M)
Net payments from issuance of common stock under stock plans
-445.0K
994.0K
3.3M
9.9M
Repurchase of common stock
($151.2M)
($67.1M)
($79.8M)
($204.3M)
Payment Of Excise Tax, Prior Year Common Stock Repurchases
($388.0K)
—
—
—
Payment of dividends
($54.6M)
($52.3M)
($49.1M)
($45.9M)
Net cash used in financing activities
($206.7M)
($118.4M)
($125.6M)
($240.4M)
Effect of foreign exchange rate changes on cash and cash equivalents
$10.0M
($8.3M)
$1.7M
($3.4M)
Net change in cash and cash equivalents
$76.8M
($16.6M)
$21.3M
($4.8M)
Cash and cash equivalents at beginning of year
$186.1M
$202.7M
$181.4M
$186.2M
Cash and cash equivalents at end of year
$262.9M
$186.1M
$202.7M
$181.4M
Cognex Corporation cash flow statement, quarters
Line item
Jul 5, 2026 · YTD
Apr 5, 2026 · Q2
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net income
$124.5M
$51.7M
$81.8M
$64.1M
Stock-based compensation expense
$23.1M
$11.9M
$34.6M
$22.2M
Depreciation of property, plant, and equipment
$9.3M
$4.7M
$15.5M
$10.6M
Amortization of intangible assets
$4.8M
$2.5M
$7.9M
$5.3M
Excess and obsolete inventory charges
$1.1M
$364.0K
$2.6M
$710.0K
Loss on sale of business, net of transaction costs
$1.5M
$1.5M
—
—
Deferred income taxes
$5.1M
$4.7M
$37.7M
($6.2M)
Other adjustments
($673.0K)
($380.0K)
—
—
Accounts receivable
($68.5M)
($23.7M)
($9.4M)
($38.1M)
Unbilled revenue
$4.3M
$593.0K
($13.8M)
$901.0K
Inventories
($7.7M)
$8.0K
$11.9M
$12.9M
Prepaid expenses and other current assets
($14.9M)
($12.2M)
$8.9M
($2.4M)
Accounts payable
$14.8M
$9.4M
$6.9M
$3.6M
Accrued expenses
($8.6M)
($13.6M)
$10.5M
$2.3M
Accrued income taxes
$55.0K
($2.9M)
($23.2M)
($20.6M)
Deferred revenue and customer deposits
$27.6M
$12.9M
($1.5M)
$27.4M
Other
($1.6M)
($2.5M)
$758.0K
$631.0K
Net cash provided by (used in) operating activities
$114.2M
$45.1M
$170.6M
$83.1M
Purchases of investments
($132.9M)
($47.0M)
($249.5M)
($214.8M)
Maturities and sales of investments
$56.0M
$39.0M
$303.2M
$248.6M
Net proceeds from sale of business, net of direct costs
$11.5M
$11.5M
—
—
Purchases of property, plant, and equipment, net of proceeds
($4.3M)
($2.8M)
($6.1M)
($4.7M)
Net cash provided by (used in) investing activities
($69.7M)
$791.0K
$47.6M
$29.1M
Net payments from issuance of common stock under stock plans
132.7M
44.3M
-2.2M
-2.4M
Repurchase of common stock
($105.2M)
($99.0M)
($126.2M)
($102.2M)
Payment of excise tax on prior year common stock repurchases
($1.2M)
—
($388.0K)
—
Payment of dividends
($28.5M)
($14.2M)
($40.4M)
($27.0M)
Net cash provided by (used in) financing activities
($2.1M)
($68.9M)
($169.2M)
($131.6M)
Effect of foreign exchange rate changes on cash and cash equivalents