IPG Photonics Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,004	977.13	1,287	1,430	1,461
Revenue Growth (YoY)	2.73%	-24.10%	-9.94%	-2.14%	21.66%
Cost of Revenue	622.31	638.98	745.74	874.13	764.46
Gross Profit	381.46	338.16	541.7	555.41	696.4
Selling, General & Admin	241	213.9	211.43	207.9	204.06
Research & Development	117.4	109.78	98.7	116.11	139.57
Other Operating Expenses	9.96	-157.67	-2.88	125.6	-15.12
Operating Income	13.1	-208.25	231.97	169.5	367.88
Interest Income	29.86	45.47	41.74	12.62	-1.84
Other Non-Operating Income (Expense)	2.14	0.9	1.17	1.23	0.44
Total Non-Operating Income (Expense)	31.99	46.37	42.9	13.85	-1.4
Pretax Income	45.1	-161.89	274.88	183.35	366.48
Provision for Income Taxes	14	19.64	56	72.59	88.62
Net Income	31.1	-181.53	218.88	109.91	278.42
Minority Interest in Earnings	-	-	-	-0.85	0.55
Net Income to Common	31.1	-181.53	218.88	109.91	278.42
Net Income Growth	-	-	99.15%	-60.52%	74.48%
Shares Outstanding (Basic)	42	44	47	51	53
Shares Outstanding (Diluted)	43	44	47	51	54
Shares Change (YoY)	-3.80%	-6.31%	-7.08%	-5.57%	0.27%
EPS (Basic)	0.73	-4.09	4.64	2.17	5.21
EPS (Diluted)	0.73	-4.09	4.63	2.16	5.16
EPS Growth	-	-	114.35%	-58.14%	73.74%
Free Cash Flow	-3.45	149.37	185.5	102.51	266.59
Free Cash Flow Growth	-	-19.48%	80.96%	-61.55%	34.89%
Free Cash Flow Per Share	-0.08	3.37	3.92	2.01	4.94
Gross Margin	38.00%	34.61%	42.08%	38.85%	47.67%
Operating Margin	1.31%	-21.31%	18.02%	11.86%	25.18%
Profit Margin	3.10%	-18.58%	17.00%	7.75%	19.02%
FCF Margin	-0.34%	15.29%	14.41%	7.17%	18.25%
EBITDA	79.96	-146.81	301.59	260.06	464.21
EBITDA Margin	7.97%	-15.02%	23.43%	18.19%	31.78%
EBIT	13.1	-208.25	231.97	169.5	367.88
EBIT Margin	1.31%	-21.31%	18.02%	11.86%	25.18%
Effective Tax Rate	31.04%	-12.13%	20.37%	39.59%	24.18%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.