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IPG Photonics Corp balance sheet

At the end of fiscal 2025, IPG Photonics Corp had total assets of $2.42bn, total liabilities of $296m and shareholders' equity of $2.13bn. It held $404m in cash against $0 of debt: net cash of $404m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents83148180384449522583624910544680876709698515620404399
Receivables—557697104143150156237256238264262211219171182182
Inventory—72117140173171204239308404381365461509454285313331
Total current assets—3014346657868941,1031,3011,7541,8051,8972,1482,3481,9861,9151,4311,4231,479
Goodwill——0300120561018241393839677270
Total assets—4426088951,0611,2111,4531,7902,3672,5742,7302,9363,1712,7432,6992,2892,4242,425
Accounts payable—1011181917262835362726564629353943
Deferred revenue (current)————————47536071908069566659
Total current liabilities—8394125100122142158199246192215313275215205234239
Short-term debt—12211323444418160———
Long-term debt—1616141120183845423834160————
Total debt0242418163620414945423834160000
Total liabilities—100118153133164193232345368328342423358284265296297
Shareholders' equity2563174437439281,0471,2601,5582,0222,2062,4022,5932,7472,3852,4152,0242,1282,127
Non-controlling interests and other (assets − liabilities − equity)—2546———————————————
Net debt (negative = net cash)−83−124−156−366−433−487−563−583−861−499−638−838−675−682−515−620−404−399
Shares outstanding—47m48m51m52m52m53m53m54m53m53m53m53m48m46m43m42m43m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from IPG Photonics Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to IPG Photonics Corp.