IPGP
$72.49+0.01%
IPG Photonics CorporationStock · TechnologyNasdaq Composite · 0.01% of ONEQRussell 1000 · 0.004% of IWBUS Stock Market · 0.004% of VTIRussell 3000 · 0.004% of IWV
IPGP financial statements
The full income statement, balance sheet, and cash-flow statement for IPG Photonics Corporation (IPGP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 44.2M2024-09 43.2M2024-12 42.5M2025-03 42.5M2025-06 42.2M2025-09 42.1M2025-12 42.2M2026-03 42.4M2026-06 42.5M-3.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.00B+2.7% | 977M-24.1% | 1.29B-9.9% | 1.43B-2.1% | 1.46B+21.7% | |
| 381M+12.8% | 338M-37.6% | 542M-2.5% | 555M-20.2% | 696M+29.2% | ||
| Cost of revenue | 622M-2.6% | 639M-14.3% | 746M-14.7% | 874M+14.3% | 764M+15.5% | |
| 368M-32.6% | 546M+76.4% | 310M-19.7% | 386M+17.5% | 329M-3.5% | ||
| Research & development | 117M+6.9% | 110M+11.2% | 98.7M-15.0% | 116M-16.8% | 140M+10.0% | |
| Selling, general & administrative | 143M+15.1% | 124M-1.1% | 126M-4.2% | 131M+4.3% | 126M+14.4% | |
| General & administrative | 143M+15.1% | 124M-1.1% | 126M-4.2% | 131M+4.3% | 126M+14.4% | |
| Selling & marketing | 97.9M+9.2% | 89.6M+4.6% | 85.7M+11.8% | 76.6M-2.0% | 78.2M+10.8% | |
| Restructuring | 601K | 0.00+100.0% | -288K-103.0% | 9.70M | — | |
| Amortization of intangibles | 9.79M+65.0% | 5.93M-24.9% | 7.89M-24.5% | 10.5M-15.9% | 12.4M+3.8% | |
| Provision for credit losses | 156K-88.6% | 1.37M+3705.6% | 36.0K-94.9% | 712K+64.1% | 434K+378.2% | |
| Operating income | 13.1M+106.3% | -208M-189.8% | 232M+36.9% | 170M-53.9% | 368M+85.2% | |
| Other non-operating income | 2.13M+137.5% | 899K-23.0% | 1.17M-5.2% | 1.23M+181.7% | 437K-42.7% | |
| Pre-tax income | 45.1M+127.9% | -162M-158.9% | 275M+49.9% | 183M-50.0% | 366M+78.2% | |
| Income tax | 14.0M-28.7% | 19.6M-64.9% | 56.0M-22.9% | 72.6M-18.1% | 88.6M+95.4% | |
| 31.1M+117.1% | -182M-182.9% | 219M+99.1% | 110M-60.5% | 278M+74.5% | ||
| Net income to non-controlling interest | — | 0.00 | 0.00-100.0% | 853K+255.1% | -550K-171.8% | |
| $0.73+117.8% | -$4.09-188.3% | $4.63+114.4% | $2.16-58.1% | $5.16+73.7% | ||
| EPS (basic) | $0.73+117.8% | -$4.09-188.1% | $4.64+113.8% | $2.17-58.3% | $5.21+73.7% | |
| Weighted-avg shares (basic) | 42.3M-4.5% | 44.3M-6.0% | 47.2M-7.1% | 50.8M-5.0% | 53.4M+0.4% | |
| Weighted-avg shares (diluted) | 42.6M-3.8% | 44.3M-6.3% | 47.3M-7.1% | 50.9M-5.6% | 53.9M+0.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.42B-0.5% | 1.43B-25.3% | 1.91B-3.6% | 1.99B-15.4% | 2.35B+9.3% | ||
| Cash & equivalents | 404M-34.9% | 620M+20.5% | 515M-26.3% | 698M-1.5% | 709M-19.1% | |
| Short-term investments | 436M+40.4% | 310M-53.2% | 663M+38.3% | 479M-40.5% | 805M+56.4% | |
| Accounts receivable | 182M+6.2% | 171M-21.9% | 219M+3.6% | 211M-19.4% | 262M-0.8% | |
| Inventory | 313M+10.1% | 285M-37.3% | 454M-10.9% | 509M+10.6% | 461M+26.2% | |
| Prepaid expenses | 45.8M+67.6% | 27.3M-28.5% | 38.2M-18.8% | 47.0M-35.8% | 73.3M+26.8% | |
| 2.42B+5.9% | 2.29B-15.2% | 2.70B-1.6% | 2.74B-13.5% | 3.17B+8.0% | ||
| Property, plant & equipment | 638M+8.4% | 588M-2.3% | 602M+3.7% | 581M-8.6% | 635M+6.3% | |
| Operating lease right-of-use | 17.0M+17.1% | 14.5M+4.1% | 13.9M-10.4% | 15.6M-28.2% | 21.7M-0.1% | |
| Goodwill | 71.7M+6.7% | 67.2M+74.5% | 38.5M+0.6% | 38.3M-0.7% | 38.6M-6.7% | |
| Intangible assets | 49.9M-9.8% | 55.4M+111.1% | 26.2M-23.1% | 34.1M-35.2% | 52.7M-15.2% | |
| Long-term investments | 76.5M | 0.00 | — | — | — | |
| Deferred tax assets | 124M+7.7% | 115M+29.6% | 88.8M+18.1% | 75.2M+57.4% | 47.8M+10.6% | |
| Other non-current assets | 41.2M+27.9% | 32.2M+13.4% | 28.4M-1.5% | 28.8M-40.5% | 48.5M+11.7% | |
| 234M+14.2% | 205M-4.6% | 215M-21.8% | 275M-12.4% | 313M+46.1% | ||
| Accounts payable | 39.3M+11.0% | 35.4M+23.6% | 28.6M-38.1% | 46.2M-17.2% | 55.8M+116.9% | |
| Accrued liabilities | 185M+21.6% | 152M-16.2% | 181M-10.6% | 203M-12.2% | 231M+30.6% | |
| Deferred revenue | 66.2M+17.3% | 56.5M-18.4% | 69.2M-13.5% | 80.1M-10.7% | 89.7M+25.8% | |
| Short-term & current debt | — | — | 0.00-100.0% | 16.0M-11.6% | 18.1M+375.7% | |
| Current lease liability | 5.07M+4.9% | 4.83M+5.2% | 4.60M-12.2% | 5.23M-4.0% | 5.45M-5.6% | |
| 296M+11.8% | 265M-6.6% | 284M-20.8% | 358M-15.4% | 423M+23.9% | ||
| Long-term debt | — | — | — | 0.00-100.0% | 16.0M-53.1% | |
| Deferred revenue (non-current) | 3.34M+15.8% | 2.88M+1.1% | 2.85M-9.3% | 3.14M+16.8% | 2.69M+22.9% | |
| Non-current lease liability | 12.2M-7.2% | 13.1M-4.0% | 13.7M-18.6% | 16.8M-9.4% | 18.5M+0.4% | |
| Operating lease liability (total) | 17.3M-3.9% | 18.0M-1.7% | 18.3M-17.1% | 22.0M-8.2% | 24.0M-1.0% | |
| Deferred tax liabilities | 9.40M-33.9% | 14.2M+842.0% | 1.51M+2.7% | 1.47M-10.0% | 1.63M | |
| 2.13B+5.1% | 2.02B-16.2% | 2.42B+1.3% | 2.39B-13.2% | 2.75B+5.9% | ||
| Common stock | 6.00K+0.0% | 6.00K+0.0% | 6.00K+0.0% | 6.00K+0.0% | 6.00K+0.0% | |
| Additional paid-in capital | 1.08B+4.0% | 1.04B+4.2% | 994M+4.5% | 951M+4.7% | 908M+6.3% | |
| Retained earnings | 2.64B+1.2% | 2.61B-6.5% | 2.80B+8.5% | 2.58B+4.5% | 2.47B+12.7% | |
| Treasury stock | 1.56B+3.3% | 1.51B+29.6% | 1.16B+23.8% | 938M+113.9% | 439M+44.4% | |
| Accumulated other comprehensive income | -38.4M+67.8% | -119M+43.8% | -213M-3.9% | -205M-7.7% | -190M-30.0% | |
| Non-controlling interest | — | — | — | 0.00-100.0% | 639K-50.5% | |
| Total equity incl. non-controlling | — | 2.02B-16.2% | 2.42B+1.3% | 2.39B-13.2% | 2.75B+5.9% | |
| Total liabilities & equity | 2.42B+5.9% | 2.29B-15.2% | 2.70B-1.6% | 2.74B-13.5% | 3.17B+8.0% | |
| Common shares issued | 57.0M+0.6% | 56.6M+0.6% | 56.3M+0.5% | 56.0M+0.4% | 55.8M+0.6% | |
| Common shares outstanding | 42.1M-1.0% | 42.5M-8.1% | 46.3M-3.8% | 48.1M-9.2% | 53.0M-0.8% | |
| Shares outstanding (cover) | 42.2M-0.8% | 42.5M-7.7% | 46.1M-3.2% | 47.6M-10.0% | 52.9M-1.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 75.3M-69.6% | 248M-16.2% | 296M+39.2% | 213M-45.4% | 390M+36.6% | ||
| Depreciation & amortization | 66.9M+8.8% | 61.4M-11.7% | 69.6M-23.1% | 90.6M-6.0% | 96.3M+1.9% | |
| Intangible amortization | 9.79M+65.0% | 5.93M-24.9% | 7.89M-24.5% | 10.5M-15.9% | 12.4M+3.8% | |
| Share-based compensation | 42.9M+15.9% | 37.1M-6.2% | 39.5M+3.1% | 38.3M+1.2% | 37.9M+6.7% | |
| Deferred income taxes | -13.7M+46.7% | -25.7M-86.1% | -13.8M+50.0% | -27.6M-300.5% | -6.88M+46.3% | |
| Change in receivables | 4.76M+110.2% | -46.8M-550.5% | 10.4M+130.5% | -34.1M-1730.8% | 2.09M-83.9% | |
| Change in inventory | 52.9M+210.9% | -47.7M-2517.9% | -1.82M-101.0% | 189M+26.2% | 150M+275.3% | |
| Change in payables | 4.33M+384.0% | -1.53M+90.6% | -16.3M-34.0% | -12.2M-139.3% | 31.0M+1696.1% | |
| -265M-227.1% | 209M+187.9% | -238M-180.0% | 297M+171.3% | -416M-318.1% | ||
| Capital expenditure | 78.8M-20.0% | 98.5M-10.8% | 110M+0.3% | 110M-10.5% | 123M+40.4% | |
| Free cash flow | -3.45M-102.3% | 149M-19.5% | 186M+81.0% | 103M-61.5% | 267M+34.9% | |
| Acquisitions | -505K-100.8% | 66.7M | 0.00-100.0% | 2.00M | 0.00-100.0% | |
| Purchases of investments | 943M+32.3% | 713M-42.2% | 1.23B+10.4% | 1.12B-42.4% | 1.94B+74.6% | |
| Proceeds from sale of PP&E | 922K-96.8% | 28.6M-8.5% | 31.2M+16.3% | 26.9M+1806.5% | 1.41M+58.5% | |
| Other investing activities | -43.0K+89.9% | -427K+23.5% | -558K-1397.7% | 43.0K-97.2% | 1.51M+21542.9% | |
| -54.2M+84.0% | -340M-43.7% | -236M+54.1% | -515M-311.4% | -125M-1140.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 16.0M-11.6% | 18.1M+375.7% | 3.81M+1.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 53.1M-84.5% | 344M+53.8% | 223M-55.3% | 500M+270.3% | 135M+256.1% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 27.8M+339.1% | -11.6M-108.4% | -5.59M+6.1% | -5.95M+66.6% | -17.8M-189.5% | |
| Net change in cash | -216M-305.2% | 105M+157.4% | -184M-1584.4% | -10.9M+93.6% | -169M-186.6% | |
| Interest paid | 226K-18.4% | 277K-78.4% | 1.28M-60.0% | 3.21M+18.4% | 2.71M+21.5% | |
| Income taxes paid | 57.0M+40.3% | 40.6M-35.4% | 62.9M-44.4% | 113M+79.7% | 63.0M-26.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.02B-2.4% | 3.09B-39.2% | 5.09B+10.4% | 4.61B-49.4% | 9.11B-23.9% | |
| P/E | 97.1× | — | 60.2×+249.9% | 17.2×-47.4% | 32.7×-56.4% | |
| P/S | 3.0×-5.0% | 3.2×-17.8% | 3.9×+22.0% | 3.2×-49.4% | 6.2×-37.5% | |
| P/B | 1.4×-7.1% | 1.5×-28.5% | 2.1×+19.5% | 1.8×-46.1% | 3.3×-28.2% | |
| P/FCF | — | 20.7×-50.9% | 42.2×+29.7% | 32.5×-4.8% | 34.2×-43.6% | |
| Earnings yield | 1.0% | — | 1.7%-71.4% | 5.8%+90.1% | 3.1%+129.4% | |
| FCF yield | — | 4.8%+103.7% | 2.4%-22.9% | 3.1%+5.1% | 2.9%+77.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: IPGP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IPGP filings on SEC EDGAR → Not investment advice.