Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 16

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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Accumulated other comprehensive loss(38,726)(119,367)Total stockholders' equity2,104,812 2,024,471 Total liabilities and stockholders' equity$2,380,963 $2,289,264 

See notes to Condensed Consolidated Financial Statements.

1

Table of Contents

IPG PHOTONICS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSThree Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands, except per share data)Net sales$250,792 $233,143 $729,306 $742,797 Cost of sales151,787 179,054 446,916 494,986 Gross profit99,005 54,089 282,390 247,811 Operating expenses:Sales and marketing23,771 22,233 73,753 67,718 Research and development30,358 27,177 88,631 84,045 General and administrative35,092 32,660 102,782 95,420 Net loss from divestiture and sale of assets— 197,651 — 190,201 Impairment of long-lived assets— 26,566 — 26,566 Restructuring charges425 — 425 — Loss on foreign exchange1,504 1,148 7,013 6,067 Total operating expenses91,150 307,435 272,604 470,017 Operating income (loss)7,855 (253,346)9,786 (222,206)Other income, net:Interest income, net7,283 11,103 22,728 38,058 Other income (loss), net516 (271)2,026 248 Total other income7,799 10,832 24,754 38,306 Income (loss) before provision for income taxes 15,654 (242,514)34,540 (183,900)Provision for income taxes8,191 (8,920)16,714 5,441 Net income (loss)$7,463 $(233,594)$17,826 $(189,341)Net income (loss) per common share:Basic$0.18 $(5.33)$0.42 $(