IPG PHOTONICS CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $977.1M | $1.3B | $1.4B | $1.5B |
| Gross profit | $381.5M | $338.2M | $541.7M | $555.4M | $696.4M |
| Operating income | $13.1M | -$208.3M | $232.0M | $169.5M | $367.9M |
| Operating expenses | $368.4M | $546.4M | $309.7M | $385.9M | $328.5M |
| Cost of revenue | $622.3M | $639.0M | $745.7M | $874.1M | $764.5M |
| Cash from operations | $75.3M | $247.9M | $296.0M | $212.6M | $389.7M |
| Capital expenditure | $78.8M | $98.5M | $110.5M | $110.1M | $123.1M |
| Free cash flow | -$3.5M | $149.4M | $185.5M | $102.5M | $266.6M |
| Share repurchases | $53.1M | $343.8M | $223.5M | $499.5M | $134.9M |
| Impairments | $0 | $0 | $1.2M | $0 | $0 |
| Total assets | $2.4B | $2.3B | $2.7B | $2.7B | $3.2B |
| Total liabilities | $296.1M | $264.8M | $283.5M | $357.9M | $423.3M |
Shares outstanding 42.4M · Free float 12.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.