IPGP · XBRL financial data

Ipg Photonics financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (IPGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	1,201	1,461	1,430	1,287	977	1,004
Cost of revenue	662	764	874	746	639	622
Gross profit	539	696	555	542	338	381
Research and development	127	140	116	99	110	117
General and administrative	110	126	131	126	124	143
Total operating expenses	340	329	386	310	546	368
Operating income (loss)	199	368	170	232	(208)	13
Other income (expense)	1	0	1	1	1	2
Income tax expense (benefit)	45	89	73	56	20	14
Net income (loss)	160	278	110	219	(182)	31
Earnings per share, basic USD per share	3.00	5.21	2.17	4.64	(4.09)	0.73
Earnings per share, diluted USD per share	2.97	5.16	2.16	4.63	(4.09)	0.73
Weighted average shares, basic millions of shares	53	53	51	47	44	42
Weighted average shares, diluted millions of shares	54	54	51	47	44	43

Fiscal years (IPGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	876	709	698	515	620	404
Short-term investments	515	805	479	663	310	436
Accounts receivable	264	262	211	219	171	182
Inventory	365	461	509	454	285	313
Prepaid and other current assets	58	73	47	38	27	46
Total current assets	2,148	2,348	1,986	1,915	1,431	1,423
Property and equipment, net	598	635	581	602	588	638
Right-of-use asset	22	22	16	14	15	17
Goodwill	41	39	38	39	67	72
Total assets	2,936	3,171	2,743	2,699	2,289	2,424
Accounts payable	26	56	46	29	35	39
Accrued liabilities	177	231	203	181	152	185
Current portion of long-term debt	4	18	16	0	—	—
Total current liabilities	215	313	275	215	205	234
Long-term debt	34	16	0	—	—	—
Lease liability, non-current	18	19	17	14	13	12
Total liabilities	342	423	358	284	265	296
Retained earnings	2,188	2,467	2,577	2,795	2,614	2,645
Total stockholders' equity	2,593	2,747	2,385	2,415	2,024	2,128
Total liabilities and equity	2,936	3,171	2,743	2,699	2,289	2,424
Common shares outstanding (cover page) millions of shares	54	53	48	46	43	42

Fiscal years (IPGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	160	278	110	219	(182)	31
Stock-based compensation	35	38	38	40	37	43
Depreciation and amortization	95	96	91	70	61	67
Net cash from operating activities	285	390	213	296	248	75
Purchases of property and equipment	88	123	110	110	99	79
Net cash from investing activities	(100)	(416)	297	(238)	209	(265)
Share repurchases	38	135	500	223	344	53
Repayments of long-term debt	4	4	18	16	0	0
Net cash from financing activities	(10)	(125)	(515)	(236)	(340)	(54)
Net change in cash	196	(169)	(11)	(184)	105	(216)

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ipg Photonics	711	288	46*	42.5M	—	Q3 FY26 10-QSep 30, 2026
Kulicke & Soffa Industries	369	330	45*	52.3M	—	Q3 FY26 10-QJul 4, 2026
Formfactor	138	281	104*	78.4M	—	Q3 FY26 10-QSep 26, 2026
Vishay Intertechnology	1,140	979	146*	not reported	—	Q3 FY26 10-QOct 3, 2026
SYNAPTICS	443	308*	68*	39.1M	—	Q4 FY26 10-KJun 27, 2026
Solaredge Technologies	527	346	11*	61.5M	—	Q2 FY26 10-QJun 30, 2026
Applied Optoelectronics	500	192	12*	84.6M	—	Q2 FY26 10-QJun 30, 2026
Ambarella	102	108	(0.3)*	44.1M	14.9 quarters	Q2 FY27 10-QJul 31, 2026
Power Integrations	71	119	22*	55.9M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.