Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 19

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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367)Total IPG Photonics Corporation equity2,104,552 2,024,471 Total liabilities and equity$2,379,448 $2,289,264 

See notes to Condensed Consolidated Financial Statements.

1

Table of Contents

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSThree Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands, except per share data)Net sales$250,721 $257,645 $478,514 $509,654 Cost of sales157,148 161,459 295,129 315,932 Gross profit93,573 96,186 183,385 193,722 Operating expenses:Sales and marketing25,552 22,487 49,982 45,485 Research and development29,937 27,487 58,273 56,868 General and administrative34,882 31,602 67,690 62,760 Gain on sale of assets— (674)— (7,450)Loss on foreign exchange3,098 3,244 5,509 4,919 Total operating expenses93,469 84,146 181,454 162,582 Operating income104 12,040 1,931 31,140 Other income, net:Interest income, net8,001 12,778 15,445 26,955 Other income, net166 194 1,510 519 Total other income8,167 12,972 16,955 27,474 Income before provision for income taxes 8,271 25,012 18,886 58,614 Provision for income taxes1,666 4,858 8,523 14,361 Net income$6,605 $20,154 $10,363 $44,253 Net income per common share:Basic$0.16 $0.45 $0.24 $0.97 Diluted$0.16 $0.45 $0.24 $0.97 Weighted average common shares outstanding:Basic42,481 44,918 42,543 45,439 Diluted42,577 45,012 42,720 45,601