Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 71

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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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 for uncollectible accounts receivable. As of September 30, 2025 and December 31, 2024, the allowance for credit losses on trade receivables was $2,565 and $2,462, respectively.The following table presents the effective maturity dates of debt investments, which are held-to-maturity:September 30, 2025December 31, 2024Book ValueFair ValueBook ValueFair ValueInvestment maturityLess than 1