Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 17

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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4.22)Diluted$0.18 $(5.33)$0.42 $(4.22)Weighted average common shares outstanding:Basic42,199 43,837 42,427 44,901 Diluted42,556 43,837 42,659 44,901 

See notes to Condensed Consolidated Financial Statements.

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Table of Contents

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Net income (loss)$7,463 $(233,594)$17,826 $(189,341)Other comprehensive (loss) income, net of tax:Foreign currency translation adjustments and other(1,486)158,121 80,641 143,799 Total other comprehensive (loss) income(1,486)158,121 80,641 143,799 Comprehensive income (loss)$5,977 $(75,473)$98,467 $(45,542)

See notes to Condensed Consolidated Financial Statements.

3

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSNine Months Ended September 30,20252024(In thousands)Cash flows from operating activities:Net income (loss)$17,826 $(189,341)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Depreciation and amortization46,799 46,623 Deferred income taxes(7,238)(18,763)Stock-based compensation32,793 29,378 Impairment of long-lived assets— 26,566 Unrealized loss (gain) on foreign currency transactions3,378 (118)Net loss from divestiture and sale of assets— 190,201 Provisions for inventory, warranty and bad debt31,766 76,434 Amortization of premium/discount on investments(11,703)(15,676)Other3,889 2,841 Changes in assets and liabilities that provided (used) cash, net of acquisitions:Accounts receivable11,373 51,884 Inventories(52,005)29,760 Prepaid expenses and other assets(11,589)(4,501)Accounts