v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 480,761 $ 403,790
Short-term investments 332,144 435,538
Accounts receivable, net 192,437 181,734
Inventories 319,006 313,416
Prepaid income taxes 51,203 43,196
Prepaid expenses and other current assets 57,587 45,766
Total current assets 1,433,138 1,423,440
Long-term investments 70,567 76,533
Deferred income taxes, net 120,934 123,889
Goodwill 70,913 71,735
Intangible assets, net 47,171 49,933
Property, plant and equipment, net 636,242 637,516
Other assets 42,677 41,234
Total assets 2,421,642 2,424,280
Current liabilities:    
Accounts payable 54,724 39,288
Accrued expenses and other current liabilities 184,849 184,849
Income taxes payable 7,603 9,900
Total current liabilities 247,176 234,037
Other long-term liabilities and deferred income taxes 58,671 62,113
Total liabilities 305,847 296,150
Commitments and contingencies (Note 10)
IPG Photonics Corporation equity:    
Common stock, $0.0001 par value, 175,000,000 shares authorized; 57,281,253 and 42,443,381 shares issued and outstanding, respectively, at March 31, 2026; 56,964,939 and 42,127,067 shares issued and outstanding, respectively, at December 31, 2025. 6 6
Treasury stock, at cost, 14,837,872 shares held at March 31, 2026 and December 31, 2025, respectively. (1,555,629) (1,555,629)
Additional paid-in capital 1,075,709 1,077,172
Retained earnings 2,646,548 2,644,964
Accumulated other comprehensive loss (50,839) (38,383)
Total stockholders' equity 2,115,795 2,128,130
Total liabilities and stockholders' equity $ 2,421,642 $ 2,424,280