IPG Photonics Corporation (IPGP) — Financial statements
Income statement, balance sheet, and cash flow for IPG Photonics Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,004↑2.7% | 977↓24.1% | 1,287↓9.9% | 1,430↓2.1% | 1,461 | |
| Cost of Revenue | 622↓2.6% | 639↓14.3% | 746↓14.7% | 874↑14.3% | 764 | |
| Gross Profit | 381↑12.8% | 338↓37.6% | 542↓2.5% | 555↓20.2% | 696 | |
| Operating Expenses | ||||||
| R&D Expenses | 117↑6.9% | 110↑11.2% | 99↓15.0% | 116↓16.8% | 140 | |
| General & Administrative Expenses | 143↑15.1% | 124↓1.1% | 126↓4.2% | 131↑4.3% | 126 | |
| Selling & Marketing Expenses | 98↑9.2% | 90↑4.6% | 86↑11.8% | 77↓2.0% | 78 | |
| SG&A Expenses | 241↑12.7% | 214↑1.2% | 211↑1.7% | 208↑1.9% | 204 | |
| Other Expenses | 10↓95.5% | 223↑54825.1% | -0.41↓100.7% | 62↑509.4% | -15 | |
| Operating Expenses | 368↓32.6% | 546↑76.4% | 310↓19.7% | 386↑17.5% | 329 | |
| Total Costs & Expenses | 991↓16.4% | 1,185↑12.3% | 1,055↓16.2% | 1,260↑15.3% | 1,093 | |
| Operating Results | ||||||
| Operating Income | 13↑106.3% | -208↓189.8% | 232↑36.9% | 170↓53.9% | 368 | |
| Depreciation & Amortization | 67↑8.8% | 61↓11.7% | 70↓23.1% | 91↓6.0% | 96 | |
| EBITDA | 112↑47.5% | 76↓74.8% | 301↓6.5% | 322↓28.3% | 449 | |
| EBIT | 45↑211.5% | 14↓93.7% | 232↑0.1% | 231↓34.4% | 353 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 45 | 0.00↓100.0% | 13 | 0.00 | |
| Interest Income | 0.00↓100.0% | 45 | 0.00↓100.0% | 13 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -32↑85.6% | -223↓54825.1% | 0.41↑100.7% | -62↓509.4% | 15 | |
| Other Income / Expenses | 32↓31.0% | 46↑8.1% | 43↑209.7% | 14↑1087.9% | -1 | |
| Income Before Tax | 45↑127.9% | -162↓158.9% | 275↑49.9% | 183↓50.0% | 366 | |
| Income Tax Expense | 14↓28.7% | 20↓64.9% | 56↓22.9% | 73↓18.1% | 89 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 31↑117.1% | -182↓182.9% | 219↑97.6% | 111↓60.1% | 278 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 31↑117.1% | -182↓182.9% | 219↑99.1% | 110↓60.5% | 278 | |
| Bottom-Line Net Income | 31↑117.1% | -182↓182.9% | 219↑99.1% | 110↓60.5% | 278 | |
| EPS (Basic) | 0.73↑117.8% | -4.09↓188.1% | 4.64↑113.8% | 2.17↓58.3% | 5.21 | |
| EPS (Diluted) | 0.73↑117.8% | -4.09↓188.3% | 4.63↑114.4% | 2.16↓58.1% | 5.16 | |
| Weighted Average Shares | 43↓3.9% | 44↓6.0% | 47↓7.1% | 51↓5.0% | 53 | |
| Weighted Average Diluted Shares | 43↓3.8% | 44↓6.3% | 47↓7.1% | 51↓5.6% | 54 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.