IPG PHOTONICS CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.0B | $977.1M | $1.3B | $1.4B | $1.5B |
| 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 |
| Research and development | $117.4M | $109.8M | $98.7M | $116.1M | $139.6M |
| Operating expenses | $368.4M | $546.4M | $309.7M | $385.9M | $328.5M |
| Operating income | $13.1M | -$208.3M | $232.0M | $169.5M | $367.9M |
| Pretax income | $45.1M | -$161.9M | $274.9M | $183.4M | $366.5M |
| Income tax expense | $14.0M | $19.6M | $56.0M | $72.6M | $88.6M |
| Net income | $31.1M | -$181.5M | $218.9M | $109.9M | $278.4M |
| Balance Sheet | |||||
| Cash and equivalents | $403.8M | $620.0M | $514.7M | $698.2M | $709.1M |
| Current assets | $1.4B | $1.4B | $1.9B | $2.0B | $2.3B |
| Total assets | $2.4B | $2.3B | $2.7B | $2.7B | $3.2B |
| Current liabilities | $234.0M | $205.0M | $214.9M | $274.6M | $313.4M |
| Total liabilities | $296.1M | $264.8M | $283.5M | $357.9M | $423.3M |
| Stockholders' equity | $2.1B | $2.0B | $2.4B | $2.4B | $2.7B |
| Cash Flow Statement | |||||
| Cash from operations | $75.3M | $247.9M | $296.0M | $212.6M | $389.7M |
| 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 |
| Capital expenditure | $78.8M | $98.5M | $110.5M | $110.1M | $123.1M |
| Free cash flow | -$3.5M | $149.4M | $185.5M | $102.5M | $266.6M |
| Share repurchases | $53.1M | $343.8M | $223.5M | $499.5M | $134.9M |
| Impairments | $0 | $0 | $1.2M | $0 | $0 |
Shares outstanding 42.4M · Free float 12.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.