IPG Photonics Corporation (IPGP) Financial Statements (2026 and earlier)

Company Profile

Business Address 377 SIMARANO DRIVE
MARLBOROUGH, MA 01752
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments839,328930,1921,177,4811,177,5831,514,5051,391,066
Cash and cash equivalent403,790620,040514,674698,209709,105876,231
Short-term investments435,538310,152662,807479,374805,400514,835
Restricted cash and investments      2,322
Receivables224,930188,723245,091252,281299,111334,214
Inventory, net of allowances, customer advances and progress billings313,416284,780453,874509,363460,747364,993
Inventory313,416284,780453,874509,363460,747364,993
Contract with customer, asset, after allowance for credit loss3,4644,7379,3838,6209,3458,999
Other undisclosed current assets42,30222,56328,82538,42763,97546,483
Total current assets:1,423,4401,430,9951,914,6541,986,2742,347,6832,148,077
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization637,516588,375602,257580,561635,302597,527
Long-term investments and receivables76,533     
Long-term investments76,533     
Intangible asset, including goodwill, after accumulated amortization121,668122,61764,77472,44591,287103,480
Goodwill71,73567,24138,54038,32538,60941,366
Intangible asset, excluding goodwill, after accumulated amortization49,93355,37626,23434,12052,67862,114
Deferred income tax assets123,889115,03188,78875,15247,76143,197
Other noncurrent assets41,23432,24628,42528,84848,50743,419
Total noncurrent assets:1,000,840858,269784,244757,006822,857787,623
TOTAL ASSETS:2,424,2802,289,2642,698,8982,743,2803,170,5402,935,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224,137187,433209,968248,997295,307210,768
Taxes payable✕✕✕✕✕8,6428,280
Accounts payable39,28835,38528,61846,23355,83925,748
Accrued liabilities184,849152,048181,350202,764230,826176,740
Debt    16,03118,1263,810
Self insurance reserve3,024     
Other undisclosed current liabilities6,87617,5864,8939,618  
Total current liabilities:234,037205,019214,861274,646313,433214,578
Noncurrent Liabilities
Long-term debt and lease obligation     34,55252,605
Long-term debt, excluding current maturities     16,03134,157
Liabilities, other than long-term debt54,13657,02155,12561,59726,35123,513
Accounts payable and accrued liabilities14,11612,95419,92624,35823,66021,324
Deferred revenue3,3362,8822,8513,1422,6912,189
Deferred income tax liabilities9,39714,2061,5081,469  
Liability for uncertainty in income taxes15,11113,85517,17615,841  
Operating lease, liability12,17613,12413,66416,78718,52118,448
Other undisclosed noncurrent liabilities7,9772,75313,52721,67748,98350,893
Total noncurrent liabilities:62,11359,77468,65283,274109,886127,011
Total liabilities:296,150264,793283,513357,920423,319341,589
Equity
Equity, attributable to parent2,128,1302,024,4712,415,3852,385,3602,746,5822,592,819
Common stock666666
Treasury stock, value(1,555,629)(1,505,321)(1,161,505)(938,009)(438,503)(303,614)
Additional paid in capital1,077,1721,035,285994,020951,371908,423854,301
Accumulated other comprehensive loss(38,383)(119,367)(212,530)(204,524)(189,951)(146,065)
Retained earnings2,644,9642,613,8682,795,3942,576,5162,466,6072,188,191
Equity, attributable to noncontrolling interest     6391,292
Total equity:2,128,1302,024,4712,415,3852,385,3602,747,2212,594,111
TOTAL LIABILITIES AND EQUITY:2,424,2802,289,2642,698,8982,743,2803,170,5402,935,700

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,003,777977,1341,287,4391,429,5471,460,8601,200,724
Cost of revenue(622,314)(638,979)(745,741)(874,134)(764,462)(661,728)
Gross profit:381,463338,155541,698555,413696,398538,996
Operating expenses(368,359)(546,409)(309,725)(385,913)(328,515)(340,337)
Operating income (loss):13,104(208,254)231,973169,500367,883198,659
Nonoperating income (expense)31,99246,36642,90213,851(1,402)7,033
Other nonoperating income2,1358991,1671,231437763
Income (loss) from continuing operations before income taxes:45,096(161,888)274,875183,351366,481205,692
Income tax expense(14,000)(19,638)(55,997)(72,589)(88,615)(45,354)
Income (loss) from continuing operations:31,096(181,526)218,878110,762277,866160,338
Income before gain (loss) on sale of properties:✕✕✕✕✕277,866160,338
Net income (loss):31,096(181,526)218,878110,762277,866160,338
Net income (loss) attributable to noncontrolling interest    (853)550(766)
Net income (loss) available to common stockholders, diluted:31,096(181,526)218,878109,909278,416159,572

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):31,096(181,526)218,878110,762277,866160,338
Other comprehensive income (loss) 93,163(8,006)(14,502)(43,989)663
Other undisclosed comprehensive loss      
Comprehensive income (loss):31,096(88,363)210,87296,260233,877161,001
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (924)653(575)
Other undisclosed comprehensive income, net of tax, attributable to parent80,984     
Comprehensive income (loss), net of tax, attributable to parent:112,080(88,363)210,87295,336234,530160,426

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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