IPG Photonics Corp. (IPGP) financial statements: income statement, balance sheet and cash flow
IPG Photonics 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 (Dec 31, 2025 · FY), IPG Photonics Corp. reported revenue of $1.0B (+2.7% year on year) and net income of $31.1M (+117.1% year on year).
Income statement
IPG Photonics Corp. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$1.0B
$977.1M
$1.3B
$1.4B
Cost of sales
$622.3M
$639.0M
$745.7M
$874.1M
Gross profit
$381.5M
$338.2M
$541.7M
$555.4M
Sales and marketing
$97.9M
$89.6M
$85.7M
$76.6M
Research and development
$117.4M
$109.8M
$98.7M
$116.1M
General and administrative
$143.1M
$124.3M
$125.7M
$131.3M
Net loss from divestitures and sale of assets
$0
$190.2M
$0
($31.8M)
Impairment of long-lived assets
$0
$27.0M
$1.2M
$79.9M
Restructuring charges (recoveries), net
$601.0K
$0
($288.0K)
—
Loss (gain) on foreign exchange
$9.4M
$5.5M
($1.4M)
$4.1M
Total operating expenses
$368.4M
$546.4M
$309.7M
$385.9M
Operating income (loss)
$13.1M
($208.3M)
$232.0M
$169.5M
Interest income, net
$29.9M
$45.5M
$41.7M
$12.6M
Other income, net
$2.1M
$899.0K
$1.2M
$1.2M
Total other income
$32.0M
$46.4M
$42.9M
$13.9M
Income (loss) before provision for income taxes
$45.1M
($161.9M)
$274.9M
$183.4M
Provision for income taxes
$14.0M
$19.6M
$56.0M
$72.6M
Net income (loss)
$31.1M
($181.5M)
$218.9M
$109.9M
Basic (in dollars per share)
$0.73
-$4.09
$4.64
$2.17
Diluted (in dollars per share)
$0.73
-$4.09
$4.63
$2.16
Basic (in shares)
42.3M
44.3M
47.2M
50.8M
Diluted (in shares)
42.6M
44.3M
47.3M
50.9M
IPG Photonics Corp. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$278.6M
$265.5M
$250.8M
$250.7M
Cost of sales
$166.1M
$166.0M
$151.8M
$157.1M
Gross profit
$112.5M
$99.5M
$99.0M
$93.6M
Sales and marketing
$23.8M
$24.5M
$23.8M
$25.6M
Research and development
$31.0M
$33.3M
$30.4M
$29.9M
General and administrative
$36.5M
$36.1M
$35.1M
$34.9M
Impairment charges
$17.6M
—
—
—
Settlement of litigation matters
($166.0K)
$13.5M
—
—
(Gain) loss on foreign exchange
($782.0K)
($200.0K)
$1.5M
$3.1M
Total operating expenses
$108.0M
$107.2M
$91.2M
$93.5M
Operating income (loss)
$4.5M
($7.7M)
$7.9M
$104.0K
Interest income, net
$7.1M
$6.9M
$7.3M
$8.0M
Other income, net
$900.0K
$1.8M
$516.0K
$166.0K
Total other income
$8.0M
$8.8M
$7.8M
$8.2M
Income before provision for income taxes
$12.5M
$1.0M
$15.7M
$8.3M
Provision for income taxes
$7.3M
($565.0K)
$8.2M
$1.7M
Net income
$5.2M
$1.6M
$7.5M
$6.6M
Basic (in dollars per share)
$0.12
$0.04
$0.18
$0.16
Diluted (in dollars per share)
$0.12
$0.04
$0.18
$0.16
Basic (in shares)
42.5M
42.2M
42.2M
42.5M
Diluted (in shares)
42.9M
42.9M
42.6M
42.6M
Balance sheet
IPG Photonics Corp. 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
$403.8M
$620.0M
$514.7M
$698.2M
Short-term investments
$435.5M
$310.2M
$662.8M
$479.4M
Accounts receivable, net
$181.7M
$171.1M
$219.1M
$211.3M
Inventories
$313.4M
$284.8M
$453.9M
$509.4M
Prepaid income taxes
$43.2M
$17.6M
$26.0M
$40.9M
Prepaid expenses and other current assets
$45.8M
$27.3M
$38.2M
$47.0M
Total current assets
$1.4B
$1.4B
$1.9B
$2.0B
Long-term investments
$76.5M
—
—
—
Deferred income taxes, net
$123.9M
$115.0M
$88.8M
$75.2M
Goodwill
$71.7M
$67.2M
$38.5M
$38.3M
Intangible assets, net
$49.9M
$55.4M
$26.2M
$34.1M
Property, plant and equipment, net
$637.5M
$588.4M
$602.3M
$580.6M
Other assets
$41.2M
$32.2M
$28.4M
$28.8M
Total assets
$2.4B
$2.3B
$2.7B
$2.7B
Accounts payable
$39.3M
$35.4M
$28.6M
$46.2M
Accrued expenses and other current liabilities
$184.8M
$152.0M
$181.3M
$202.8M
Income taxes payable
$9.9M
$17.6M
$4.9M
$9.6M
Total current liabilities
$234.0M
$205.0M
$214.9M
$274.6M
Other long-term liabilities and deferred income taxes
$62.1M
$59.8M
$68.7M
$83.3M
Total liabilities
$296.1M
$264.8M
$283.5M
$357.9M
Common stock, $0.0001 par value, 175,000,000 shares authorized; 56,964,939 and 42,127,067 shares issued and outstanding, respectively, at December 31, 2025; 56,632,974 and 42,548,561 shares issued and outstanding, respectively, at December 31, 2024.
6.0K
6.0K
6.0K
6.0K
Treasury stock, at cost, 14,837,872 and 14,084,413 shares held at December 31, 2025 and December 31, 2024, respectively.
-1.6B
-1.5B
-1.2B
—
Additional paid-in capital
$1.1B
$1.0B
$994.0M
$951.4M
Retained earnings
$2.6B
$2.6B
$2.8B
$2.6B
Accumulated other comprehensive loss
($38.4M)
($119.4M)
($212.5M)
($204.5M)
Total stockholders' equity
$2.1B
$2.0B
$2.4B
$2.4B
Total liabilities and stockholders' equity
$2.4B
$2.3B
$2.7B
$2.7B
IPG Photonics Corp. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$399.2M
$480.8M
$346.0M
$359.2M
Short-term investments
$472.1M
$332.1M
$524.4M
$540.4M
Accounts receivable, net
$182.0M
$192.4M
$166.4M
$201.0M
Inventories
$330.8M
$319.0M
$323.9M
$303.8M
Prepaid income taxes
$39.4M
$51.2M
$27.8M
$28.8M
Prepaid expenses and other current assets
$55.3M
$57.6M
$46.0M
$40.9M
Total current assets
$1.5B
$1.4B
$1.4B
$1.5B
Long-term investments
$32.7M
$70.6M
$30.2M
—
Deferred income taxes, net
$116.8M
$120.9M
$119.6M
$114.3M
Goodwill
$70.5M
$70.9M
$71.7M
$71.8M
Intangible assets, net
$44.9M
$47.2M
$52.2M
$54.7M
Property, plant and equipment, net
$641.9M
$636.2M
$622.1M
$621.4M
Other assets
$39.0M
$42.7M
$50.7M
$43.3M
Total assets
$2.4B
$2.4B
$2.4B
$2.4B
Accounts payable
$42.9M
$54.7M
$40.2M
$41.5M
Accrued expenses and other current liabilities
$192.5M
$184.8M
$171.0M
$170.8M
Income taxes payable
$4.0M
$7.6M
$2.1M
$4.6M
Total current liabilities
$239.3M
$247.2M
$213.4M
$217.0M
Other long-term liabilities and deferred income taxes
$58.1M
$58.7M
$62.8M
$57.9M
Total liabilities
$297.4M
$305.8M
$276.2M
$274.9M
Common stock, $0.0001 par value, 175,000,000 shares authorized; 57,371,639 and 42,533,767 shares issued and outstanding, respectively, at June 30, 2026; 56,964,939 and 42,127,067 shares issued and outstanding, respectively, at December 31, 2025.
6.0K
6.0K
6.0K
6.0K
Treasury stock, at cost, 14,837,872 shares held at June 30, 2026 and December 31, 2025, respectively.
-1.6B
-1.6B
-1.6B
-1.5B
Additional paid-in capital
$1.1B
$1.1B
$1.1B
$1.1B
Retained earnings
$2.7B
$2.6B
$2.6B
$2.6B
Accumulated other comprehensive loss
($55.9M)
($50.8M)
($38.7M)
($37.2M)
Total stockholders' equity
$2.1B
$2.1B
$2.1B
$2.1B
Total liabilities and stockholders' equity
$2.4B
$2.4B
$2.4B
$2.4B
Cash flow statement
IPG Photonics Corp. 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 (loss)
$31.1M
—
—
—
Depreciation and amortization
$66.9M
$61.4M
$69.6M
$90.6M
Deferred income taxes
($13.7M)
($25.7M)
($13.8M)
($27.6M)
Stock-based compensation
$42.9M
$37.1M
$39.5M
$38.3M
Impairment of long-lived assets and restructuring (recoveries), net
$0
$27.0M
($486.0K)
—
Unrealized (gain) loss on foreign currency transactions
($822.0K)
$1.2M
($4.3M)
($592.0K)
Net loss from divestitures and sales of assets
$0
$190.2M
$0
($31.8M)
Provisions for inventory, warranty and bad debt
$43.3M
$90.4M
$61.1M
$153.7M
Amortization of premium/discount on investments
($14.0M)
($17.7M)
($25.1M)
—
Other
$5.0M
$4.0M
$5.2M
$1.7M
Accounts receivable
($4.8M)
$46.8M
($10.4M)
$34.1M
Inventories
($52.9M)
$47.7M
$1.8M
($189.0M)
Prepaid expenses and other current assets
($11.1M)
$6.5M
($2.0M)
$22.5M
Accounts payable
$4.3M
($1.5M)
($16.3M)
($12.2M)
Accrued expenses and other current liabilities
$10.3M
($37.4M)
($44.7M)
($43.5M)
Income and other taxes payable
($31.2M)
($679.0K)
$17.1M
($14.1M)
Net cash provided by operating activities
$75.3M
$247.9M
$296.0M
$212.6M
Purchases of and deposits on property, plant and equipment
($78.8M)
($98.5M)
($110.5M)
($110.1M)
Proceeds from sales of property, plant and equipment
$922.0K
$28.6M
$31.2M
$26.9M
Purchases of investments
($943.3M)
—
($1.2B)
($1.1B)
Proceeds from maturities of investments
$755.4M
—
—
—
Acquisitions of businesses, net of cash acquired
$505.0K
($66.7M)
$0
($2.0M)
Net cash outflow from divestiture
$0
($25.3M)
$0
$52.9M
Other
$43.0K
$427.0K
$558.0K
($43.0K)
Net cash (used in) provided by investing activities
($265.2M)
$208.7M
($237.6M)
$297.0M
Principal payments on long-term borrowings
$0
$0
($16.0M)
($18.1M)
Payments for taxes related to net share settlement of equity awards less proceeds from issuance of common stock under employee stock option and purchase plans
-1.1M
—
—
—
Purchase of treasury stock, at cost including excise tax
($53.1M)
($343.8M)
($223.5M)
($499.5M)
Net cash used in financing activities
($54.2M)
($339.6M)
($236.4M)
($514.5M)
Effect of changes in exchange rates on cash and cash equivalents
$27.8M
($11.6M)
($5.6M)
($5.9M)
Net (decrease) increase in cash and cash equivalents
($216.3M)
$105.4M
($183.5M)
($10.9M)
Cash and cash equivalents — Beginning of year
$620.0M
$514.7M
$698.2M
$709.1M
Cash and cash equivalents — End of year
$403.8M
$620.0M
$514.7M
$698.2M
Cash paid for interest
$226.0K
$277.0K
$1.3M
$3.2M
Cash paid for income taxes
$57.0M
$40.6M
$62.9M
$113.2M
Cash paid for excise tax on net share repurchases
$3.1M
—
—
—
Demonstration units transferred from inventory to other assets
$8.4M
$6.7M
$5.4M
$5.2M
Inventory transferred to machinery and equipment
$2.7M
$3.2M
$2.8M
—
Additions to property, plant and equipment included in accounts payable
$3.8M
$6.0M
$3.3M
$1.1M
Leased assets obtained in exchange for new operating lease liabilities
$7.5M
$6.2M
$4.5M
$7.6M
Excise tax on net share repurchases accrued in period
$289.0K
—
—
—
IPG Photonics Corp. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$6.8M
$1.6M
—
$10.4M
Depreciation and amortization
$31.4M
$15.9M
$46.8M
$31.2M
Deferred income taxes
$5.5M
$2.2M
($7.2M)
($2.0M)
Stock-based compensation
$20.5M
$10.2M
$32.8M
$22.0M
Impairment charges
$17.6M
—
—
—
Unrealized (gain) loss on foreign currency transactions
($1.5M)
($672.0K)
$3.4M
$2.8M
Provisions for inventory, warranty and bad debt
$20.6M
$9.3M
$31.8M
$22.1M
Amortization of premium/discount on investments
($3.3M)
($1.3M)
($11.7M)
($8.3M)
Other
$2.2M
$979.0K
$3.9M
$2.6M
Accounts receivable
($1.7M)
($11.8M)
$11.4M
($23.0M)
Inventories
($42.1M)
($19.4M)
($52.0M)
($23.8M)
Prepaid expenses and other assets
($8.0M)
($11.4M)
($11.6M)
($8.5M)
Accounts payable
$5.5M
$17.3M
$7.4M
$8.9M
Accrued expenses and other current liabilities
($18.9M)
($5.0M)
($1.0M)
$3.8M
Income and other taxes payable
($2.2M)
($13.3M)
($25.1M)
($26.9M)
Net cash provided by operating activities
$32.3M
($5.5M)
$46.5M
$11.2M
Purchases of and deposits on property, plant and equipment
($37.0M)
($16.3M)
($60.9M)
($40.2M)
Proceeds from sales of property, plant and equipment
$1.0M
$812.0K
$605.0K
$563.0K
Purchases of investments
($286.7M)
($32.9M)
($866.4M)
—
Proceeds from maturities of investments
$297.3M
$143.5M
$633.7M
—
Deposit received from buyer for assets and liabilities held for sale
$2.0M
—
—
—
Other
$85.0K
$77.0K
$69.0K
$52.0K
Net cash used in investing activities
($23.3M)
$95.2M
($292.9M)
($261.5M)
Payments for taxes related to net share settlement of equity awards less proceeds from issuance of common stock under employee stock option and purchase plans
-10.8M
-11.7M
-4.3M
—
Purchase of treasury stock net of excise tax, at cost
$0
$0
($46.6M)
($30.2M)
Net cash used in financing activities
($10.8M)
($11.7M)
($50.9M)
($34.5M)
Effect of changes in exchange rates on cash, cash equivalents and cash held for sale
($2.2M)
($1.1M)
$23.3M
$23.9M
Net decrease in cash, cash equivalents and cash held for sale
($4.0M)
$77.0M
($274.0M)
($260.9M)
Cash and cash equivalents — Beginning of period
$403.8M
$403.8M
$620.0M
$620.0M
Cash, cash equivalents and cash held for sale — End of period (Note 15)
$399.8M
—
—
—
Cash paid for interest
$7.0K
$3.0K
$136.0K
$8.0K
Cash paid for income taxes, net of refunds
$3.4M
$7.7M
$44.3M
$32.9M
Demonstration units transferred from inventory to other assets
$5.6M
$1.9M
$5.6M
$3.9M
Inventory transferred to machinery and equipment
$3.9M
$3.5M
$1.6M
$970.0K
Additions to property, plant and equipment included in accounts payable
$2.4M
$2.4M
$1.6M
$1.3M
Leased assets obtained in exchange for new operating lease liabilities
$1.9M
$854.0K
$6.2M
$4.5M
Excise tax on net share repurchases accrued in period