Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 27

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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958 — Total cash equivalents170,940 106,108 64,832 — Short-term investments:Corporate bonds268,195 — 268,195 — Commercial paper181,471 — 181,471 — U.S. Treasury and agency obligations71,882 — 71,882 — Term deposits3,104 — 3,104 — Total short-term investments524,652 — 524,652 — Long-term investments:Corporate bonds30,170 — 30,170 — Total long-term investments30,170 — 30,170 — Total$725,762 $106,108 $619,654 $—  Fair Value Measurements at December 31, 2024TotalLevel 1Level 2Level 3AssetsCash equivalents:Money market fund deposits$77,855 $77,855 $— $— Commercial paper163,589 — 163,589 — U.S. Treasury and agency obligations47,770 — 47,770 — Term deposits45,079 — 45,079 — Corporate bonds15,777 — 15,777 — Total cash equivalents350,070 77,855 272,215 — Short-term investments:Commercial paper219,355 — 219,355 — Corporate bonds60,306 — 60,306 — U.S. Treasury and agency obligations27,348 — 27,348 — Term deposits3,048 — 3,048 — Total short-term investments310,057 — 310,057 — Total$660,127 $77,855 $582,272 $— 

9

Table of ContentsIPG PHOTONICS CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

There were no impairments for the investments considered held-to-maturity during the quarters ended September 30, 2025 and 2024. There were no current expected credit loss allowances for the investments considered held-to-maturity at September 30, 2025 and 2024. The Company holds highly-rated held-to-maturity instruments that are within five years of maturity.The Company did not have any allowance for credit losses other than the allowance