Ipg Photonics Corp
IPGP- Exchange
- Nasdaq
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0001111928
In the last 90 days, Ipg Photonics Corp insiders filed 1 open-market purchase and 4 sales; 361 institutions reported holding it in 13F filings for Q2 2026, worth $3.56B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:11 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 15, 2022 |
| Revenue | $1.00B | $977.1M | $1.29B | $1.43B | $1.46B |
| Cost of revenue | $622.3M | $639.0M | $745.7M | $874.1M | $764.5M |
| Gross profit | $381.5M | $338.2M | $541.7M | $555.4M | $696.4M |
| Operating expenses | $368.4M | $546.4M | $309.7M | $385.9M | $328.5M |
| Research and development | $117.4M | $109.8M | $98.7M | $116.1M | $139.6M |
| Selling, general and administrative | $143.1M | $124.3M | $125.7M | $131.3M | $125.9M |
| Operating income | $13.1M | -$208.3M | $232.0M | $169.5M | $367.9M |
| Income tax | $14.0M | $19.6M | $56.0M | $72.6M | $88.6M |
| Net income | $31.1M | -$181.5M | $218.9M | $109.9M | $278.4M |
| EPS, basic | $0.73 | $-4.09 | $4.64 | $2.17 | $5.21 |
| EPS, diluted | $0.73 | $-4.09 | $4.63 | $2.16 | $5.16 |
| Weighted shares, basic | 42.3M | 44.3M | 47.2M | 50.8M | 53.4M |
| Weighted shares, diluted | 42.6M | 44.3M | 47.3M | 50.9M | 53.9M |
| Margins and growth | |||||
| Gross margin | 38.0% | 34.6% | 42.1% | 38.9% | 47.7% |
| Operating margin | 1.3% | -21.3% | 18.0% | 11.9% | 25.2% |
| Net margin | 3.1% | -18.6% | 17.0% | 7.7% | 19.1% |
| Revenue growth, year over year | +2.7% | −24.1% | −9.9% | −2.1% | +21.7% |
| Net income growth, year over year | – | −182.9% | +99.1% | −60.5% | +74.5% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 15, 2022 |
| Cash and equivalents | $403.8M | $620.0M | $514.7M | $698.2M | $709.1M |
| Short-term investments | $435.5M | $310.2M | $662.8M | $479.4M | $805.4M |
| Accounts receivable | $181.7M | $171.1M | $219.1M | $211.3M | $262.1M |
| Inventory | $313.4M | $284.8M | $453.9M | $509.4M | $460.7M |
| Total current assets | $1.42B | $1.43B | $1.91B | $1.99B | $2.35B |
| Property, plant and equipment | $637.5M | $588.4M | $602.3M | $580.6M | $635.3M |
| Goodwill | $71.7M | $67.2M | $38.5M | $38.3M | $38.6M |
| Intangible assets | $49.9M | $55.4M | $26.2M | $34.1M | $52.7M |
| Total assets | $2.42B | $2.29B | $2.70B | $2.74B | $3.17B |
| Accounts payable | $39.3M | $35.4M | $28.6M | $46.2M | $55.8M |
| Short-term debt | – | – | $0 | $16.0M | $18.1M |
| Total current liabilities | $234.0M | $205.0M | $214.9M | $274.6M | $313.4M |
| Long-term debt | – | – | – | $0 | $16.0M |
| Total liabilities | $296.1M | $264.8M | $283.5M | $357.9M | $423.3M |
| Shareholders' equity | $2.13B | $2.02B | $2.42B | $2.39B | $2.75B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 15, 2022 |
| Operating cash flow | $75.3M | $247.9M | $296.0M | $212.6M | $389.7M |
| Capital expenditures | $78.8M | $98.5M | $110.5M | $110.1M | $123.1M |
| Free cash flow | -$3.45M | $149.4M | $185.5M | $102.5M | $266.6M |
| Depreciation and amortization | $66.9M | $61.4M | $69.6M | $90.6M | $96.3M |
| Stock-based compensation | $42.9M | $37.1M | $39.5M | $38.3M | $37.9M |
| Share buybacks | $53.1M | $343.8M | $223.5M | $499.5M | $134.9M |
| Investing cash flow | -$265.2M | $208.7M | -$237.6M | $297.0M | -$416.3M |
| Financing cash flow | -$54.2M | -$339.6M | -$236.4M | -$514.5M | -$125.1M |
| Net change in cash | -$216.3M | $105.4M | -$183.5M | -$10.9M | -$169.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 4.3% | 3.8% | 3.1% | 2.7% | 2.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.