Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 29

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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DENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(In thousands, except share and per share data)

The following table presents fair value information related to the Company's assets and liabilities measured at amortized cost on the Condensed Consolidated Balance Sheets:  Fair Value Measurements at June 30, 2025TotalLevel 1Level 2Level 3AssetsCash equivalents:Money market fund deposits$62,727 $62,727 $— $— Term deposits87,944 — 87,944 — Corporate bonds1,444 — 1,444 — Total cash equivalents152,115 62,727 89,388 — Short-term investments:Commercial paper299,148 — 299,148 — Corporate bonds207,415 — 207,415 — U.S. Treasury and agency obligations30,562 — 30,562 — Term deposits3,104 — 3,104 — Total short-term investments540,229 — 540,229 — Total$692,344 $62,727 $629,617 $—  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 $— There were no impairments for the investments considered held-to-maturity during the quarters ended June 30, 2025 and 2024. There were no current expected credit loss allowances for the investments considered