Photronics, Inc. (PLAB) financial statements: income statement, balance sheet and cash flow

Photronics, Inc.'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 (Oct 31, 2025 · FY), Photronics, Inc. reported revenue of $849.3M (-2.0% year on year) and net income of $190.2M (+3.5% year on year).

Income statement

Photronics, Inc. income statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Revenue	$849.3M	$866.9M	$892.1M	$824.5M
Cost of goods sold	$549.5M	$551.0M	$555.9M	$530.3M
Gross profit	$299.8M	$315.9M	$336.2M	$294.2M
Selling, general and administrative	$75.6M	$77.8M	$69.5M	$64.0M
Research and development	$15.8M	$16.6M	$13.7M	$18.3M
Total operating expenses	$91.4M	$94.3M	$83.1M	$82.3M
Other operating expense	($240.0K)	($92.0K)	$0	($17.0K)
Operating income	$208.2M	$221.5M	$253.1M	$211.9M
Foreign currency transactions impacts, net	($8.3M)	$2.2M	$2.5M	$27.3M
Interest income and other income, net	$22.0M	$24.1M	$14.9M	$1.7M
Interest expense	($55.0K)	—	—	—
Income before income tax provision	$221.8M	$247.4M	$269.9M	$239.0M
Income tax provision	$31.6M	$63.6M	$70.3M	$59.8M
Net income	$190.2M	$183.8M	$199.6M	$179.2M
Net income attributable to noncontrolling interests	$53.8M	$53.2M	$74.1M	$60.5M
Net income attributable to Photronics, Inc. shareholders	$136.4M	$130.7M	$125.5M	$118.8M
Basic (in Dollars per share)	$2.29	$2.12	$2.05	$1.96
Diluted (in Dollars per share)	$2.28	$2.09	$2.03	$1.94
Basic (in Shares)	59.6M	61.7M	61.1M	60.6M
Diluted (in Shares)	59.9M	62.4M	61.8M	61.2M

Photronics, Inc. income statement, quarters

Line item	Aug 2, 2026 · Q4	May 3, 2026 · Q3	Feb 1, 2026 · Q2	Aug 3, 2025 · Q4
Revenue	$216.0M	$209.9M	$225.1M	$210.4M
Cost of goods sold	$144.3M	$144.2M	$146.4M	$139.5M
Gross profit	$71.7M	$65.8M	$78.7M	$70.9M
Selling, general, and administrative	$22.5M	$20.8M	$21.3M	$18.4M
Research and development	$3.7M	$2.8M	$2.6M	$4.3M
Total operating expenses	$26.3M	$23.6M	$23.9M	$22.7M
Other operating income, net	$20.0K	$0	$56.0K	$0
Operating income	$45.5M	$42.2M	$54.9M	$48.2M
Foreign currency transactions impact, net	$4.8M	$7.9M	$12.9M	($14.3M)
Interest income and other income, net	$4.6M	$3.8M	$6.8M	$4.8M
Interest expense	($31.0K)	($1.0K)	($1.0K)	$0
Income before income tax provision	$54.9M	$53.9M	$74.5M	$38.7M
Income tax provision	$11.0M	$10.6M	$14.4M	$9.6M
Net income	$43.9M	$43.3M	$60.2M	$29.1M
Net income attributable to noncontrolling interests	$15.0M	$11.8M	$17.2M	$6.2M
Net income attributable to Photronics, Inc. shareholders	$28.9M	$31.4M	$42.9M	$22.9M
Basic (in Dollars per share)	$0.50	$0.54	$0.74	$0.40
Diluted (in Dollars per share)	$0.49	$0.54	$0.74	$0.39
Basic (in Shares)	58.2M	58.1M	57.8M	57.9M
Diluted (in Shares)	58.7M	58.7M	58.4M	58.1M

Balance sheet

Photronics, Inc. balance sheet, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Cash and cash equivalents	$492.3M	$598.5M	$499.3M	$319.7M
Short-term investments	$95.9M	$42.2M	$12.9M	$38.8M
Accounts receivable, net of allowance of $1,166 in 2025 and $1,126 in 2024	$195.9M	$200.8M	$194.9M	$198.1M
Inventories	$61.8M	$56.5M	$50.0M	$50.8M
Other current assets	$44.2M	$33.0M	$28.4M	$37.3M
Total current assets	$890.1M	$931.1M	$785.5M	$644.7M
Property, plant and equipment, net	$854.4M	$745.3M	$709.2M	$643.9M
Deferred income taxes	$40.2M	$23.1M	$21.3M	$19.8M
Other assets	$19.8M	$12.7M	$10.2M	$7.5M
Total assets	$1.8B	$1.7B	$1.5B	$1.3B
Current portion of long-term debt	$11.0K	$18.0M	$6.6M	$10.0M
Accounts payable	$84.2M	$78.7M	$84.0M	$79.6M
Accrued liabilities	$81.7M	$87.1M	$94.6M	$104.2M
Total current liabilities	$165.9M	$183.8M	$185.2M	$193.8M
Long-term debt	$13.0K	$25.0K	$18.0M	$32.3M
Other liabilities	$41.3M	$47.5M	$47.4M	$27.6M
Total liabilities	$207.2M	$231.3M	$250.6M	$253.7M
Preferred stock, $0.01 par value, 2,000 shares authorized, none issued and outstanding	0	0	0	0
Common stock, $0.01 par value, 150,000 shares authorized, 57,633 shares issued and outstanding at October 31, 2025, and 61,949 shares issued and outstanding at October 31, 2024	576.0K	619.0K	613.0K	608.0K
Additional paid-in capital	$486.9M	$514.8M	$502.0M	$493.7M
Retained earnings	$772.2M	$691.8M	$561.1M	$435.6M
Accumulated other comprehensive loss	($86.1M)	($86.3M)	($88.7M)	($98.5M)
Total Photronics, Inc. shareholders' equity	$1.2B	$1.1B	$975.0M	$831.5M
Noncontrolling interests	$423.7M	$359.9M	$300.6M	$230.6M
Total equity	$1.6B	$1.5B	$1.3B	$1.1B
Total liabilities and equity	$1.8B	$1.7B	$1.5B	$1.3B

Photronics, Inc. balance sheet, quarters

Line item	Aug 2, 2026	May 3, 2026	Feb 1, 2026	Aug 3, 2025
Cash and cash equivalents	$549.5M	$511.5M	$544.1M	$479.5M
Short-term investments	$123.3M	$126.2M	$92.7M	$96.3M
Accounts receivable, net	$187.7M	$189.0M	$199.5M	$190.9M
Inventories	$64.7M	$67.8M	$62.7M	$63.5M
Other current assets	$49.6M	$49.5M	$47.2M	$42.1M
Total current assets	$974.9M	$943.9M	$946.2M	$872.2M
Property, plant and equipment, net	$955.0M	$927.9M	$894.6M	$839.0M
Deferred income taxes	$37.7M	$37.4M	$38.3M	$26.4M
Other assets	$23.2M	$21.6M	$22.3M	$15.1M
Total assets	$2.0B	$1.9B	$1.9B	$1.8B
Current portion of long-term debt	$3.9M	$11.0K	$11.0K	$11.0K
Accounts payable	$117.3M	$108.0M	$111.7M	$100.4M
Accrued liabilities	$76.1M	$79.0M	$95.0M	$74.6M
Total current liabilities	$197.3M	$187.0M	$206.6M	$174.9M
Long-term debt	$4.0K	$3.9M	$10.0K	$16.0K
Other liabilities	$49.8M	$46.5M	$44.8M	$39.8M
Total liabilities	$247.0M	$237.4M	$251.5M	$214.8M
Preferred stock, $0.01 par value, 2,000 shares authorized, none issued and outstanding	0	0	0	0
Common stock, $0.01 par value, 150,000 shares authorized, 58,195 shares issued and outstanding as of August 2, 2026, and 57,633 shares issued and outstanding as of October 31, 2025	582.0K	582.0K	581.0K	576.0K
Additional paid-in capital	$496.7M	$492.9M	$488.8M	$483.1M
Retained earnings	$874.7M	$845.8M	$814.3M	$710.4M
Accumulated other comprehensive loss	($91.3M)	($97.9M)	($92.3M)	($68.5M)
Total Photronics, Inc. shareholders' equity	$1.3B	$1.2B	$1.2B	$1.1B
Noncontrolling interests	$463.0M	$452.2M	$438.5M	$412.4M
Total equity	$1.7B	$1.7B	$1.6B	$1.5B
Total liabilities and equity	$2.0B	$1.9B	$1.9B	$1.8B

Cash flow statement

Photronics, Inc. cash flow statement, fiscal years

Line item	Oct 31, 2025 · FY	Oct 31, 2024 · FY	Oct 31, 2023 · FY	Oct 31, 2022 · FY
Net income	$190.2M	$183.8M	$199.6M	$179.2M
Depreciation and amortization of property, plant and equipment	$77.3M	$82.4M	$80.5M	$80.0M
Amortization of intangible assets	$347.0K	$372.0K	$362.0K	$359.0K
Share-based compensation	$13.4M	$13.9M	$8.0M	$6.3M
Deferred income taxes	($17.2M)	($1.4M)	($927.0K)	$809.0K
Accounts receivable	$6.3M	($2.5M)	$4.0M	($51.2M)
Inventories	($4.9M)	($6.2M)	$1.2M	($2.0M)
Other current assets	($4.7M)	$628.0K	$9.7M	$1.2M
Accounts payable, accrued liabilities and other	($12.9M)	($9.6M)	($294.0K)	$60.6M
Net cash provided by operating activities	$247.8M	$261.4M	$302.2M	$275.2M
Purchases of property, plant and equipment	($188.1M)	($130.9M)	($131.3M)	($112.3M)
Purchases of short-term investments	($129.6M)	($100.6M)	—	—
Proceeds from maturities of short-term investments	$76.8M	$72.8M	—	—
Government incentives	$2.2M	$2.2M	$2.5M	$3.6M
Purchases of intangible assets	($94.0K)	($89.0K)	($117.0K)	($205.0K)
Other	$0	$59.0K	$0	$25.0K
Net cash used in investing activities	($238.9M)	($156.5M)	($101.5M)	($147.8M)
Repayments of debt	($18.0M)	($6.6M)	($18.4M)	($65.4M)
Common stock repurchases	($97.4M)	$0	$0	($2.5M)
Proceeds from share-based arrangements	2.2M	1.9M	1.2M	5.7M
Net settlements of restricted stock awards	($2.1M)	($3.0M)	($1.3M)	($1.5M)
Net cash used in financing activities	($115.3M)	($7.7M)	($18.5M)	($38.7M)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	$228.0K	$2.1M	($2.7M)	($46.0M)
Net change in cash, cash equivalents, and restricted cash	($106.1M)	$99.4M	$179.5M	$42.7M
Cash, cash equivalents, and restricted cash at beginning of year	$601.2M	$501.9M	$322.4M	$279.7M
Cash, cash equivalents, and restricted cash at end of year	$495.1M	$601.2M	$501.9M	$322.4M
Less: Ending restricted cash	$2.9M	$2.8M	$2.6M	$2.7M
Cash and cash equivalents at end of year	$492.3M	$598.5M	$499.3M	$319.7M
Accruals for property, plant and equipment not yet paid	$12.2M	$5.2M	$18.6M	$3.3M
Expected refundable federal investment tax credit	$10.9M	$5.0M	—	—

Photronics, Inc. cash flow statement, quarters

Line item	Aug 2, 2026 · YTD	May 3, 2026 · YTD	Feb 1, 2026 · Q2	Aug 3, 2025 · YTD
Net income	$147.3M	$103.4M	$60.2M	$111.6M
Depreciation and amortization	$60.8M	$39.8M	$19.8M	$59.2M
Share-based compensation	$10.4M	$6.6M	$2.9M	$10.0M
Accounts receivable	$10.0M	$8.9M	($2.5M)	$12.4M
Inventories	($3.0M)	($6.3M)	($982.0K)	($6.1M)
Other current assets	$37.0K	($2.0M)	($2.2M)	($8.0M)
Accounts payable, accrued liabilities, and other	($5.0M)	($6.2M)	$20.1M	($19.2M)
Net cash provided by operating activities	$220.6M	$144.3M	$97.3M	$160.0M
Purchases of property, plant and equipment	($130.4M)	($93.4M)	($47.6M)	($120.6M)
Purchases of short-term investments	($178.7M)	($105.8M)	($36.6M)	($96.6M)
Proceeds from maturities of short-term investments	$135.6M	$71.8M	$41.5M	$42.1M
Proceeds from sales of short-term investments	$20.2M	$7.1M	—	—
Government incentives	$2.6M	$2.6M	$2.6M	$1.5M
Other	($56.0K)	($72.0K)	($80.0K)	($57.0K)
Net cash used in investing activities	($150.7M)	($117.9M)	($40.3M)	($173.6M)
Repayments of debt	($8.0K)	($5.0K)	($3.0K)	($18.0M)
Common stock repurchases	$0	$0	$0	($97.4M)
Proceeds from share-based arrangements	1.3M	1.2M	752.0K	2.1M
Net settlements of restricted stock awards	($1.7M)	($1.6M)	$0	($2.0M)
Net cash used in financing activities	($344.0K)	($421.0K)	$749.0K	($115.3M)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	($12.3M)	($6.7M)	($5.9M)	$10.1M
Net change in cash, cash equivalents, and restricted cash	$57.2M	$19.3M	$51.8M	($118.8M)
Cash, cash equivalents, and restricted cash at beginning of period	$495.1M	$495.1M	$495.1M	$601.2M
Cash, cash equivalents, and restricted cash at end of period	$552.3M	$514.4M	$546.9M	$482.5M
Less: Ending restricted cash	$2.8M	$2.9M	$2.8M	$2.9M
Cash and cash equivalents at end of period	$549.5M	$511.5M	$544.1M	$479.5M
Accruals for property, plant and equipment purchased not yet paid	$42.7M	$32.1M	$20.4M	$27.4M

Photronics, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.