IPG Photonics Corporation (IPGP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 265.5M | 274.47M | 250.79M | 250.72M | 227.79M | 234.34M | 233.14M | 257.64M | 252.01M | 298.89M | 301.4M | 339.97M | 347.17M | 333.54M | 349.01M | 377.02M | 369.98M | 364.47M | 379.15M | 371.66M |
| Revenue Growth % | 16.55% | 17.13% | 7.57% | -2.69% | -9.61% | -21.6% | -22.65% | -24.22% | -27.41% | -10.39% | -13.64% | -9.83% | -6.16% | -8.49% | -7.95% | 1.44% | 7.06% | 8.27% | 19.06% | 25.39% |
| Cost of Goods Sold | 166M | 175.4M | 151.79M | 157.15M | 137.98M | 143.99M | 179.05M | 161.46M | 154.47M | 184.73M | 168.5M | 192.28M | 200.24M | 272.71M | 198.58M | 204.68M | 198.16M | 198.46M | 193.28M | 191.13M |
| COGS % of Revenue | 62.52% | 63.9% | 60.52% | 62.68% | 60.57% | 61.45% | 76.8% | 62.67% | 61.3% | 61.8% | 55.91% | 56.56% | 57.68% | 81.76% | 56.9% | 54.29% | 53.56% | 54.45% | 50.98% | 51.43% |
| Gross Profit | 99.5M | 99.07M | 99M | 93.57M | 89.81M | 90.34M | 54.09M | 96.19M | 97.54M | 114.17M | 132.9M | 147.69M | 146.94M | 60.82M | 150.42M | 172.34M | 171.82M | 166M | 185.87M | 180.53M |
| Gross Margin % | 37.48% | 36.1% | 39.48% | 37.32% | 39.43% | 38.55% | 23.2% | 37.33% | 38.7% | 38.2% | 44.09% | 43.44% | 42.32% | 18.24% | 43.1% | 45.71% | 46.44% | 45.55% | 49.02% | 48.57% |
| Gross Profit Growth % | 10.79% | 9.66% | 83.04% | -2.72% | -7.92% | -20.87% | -59.3% | -34.87% | -33.62% | 87.7% | -11.65% | -14.3% | -14.48% | -63.36% | -19.07% | -4.53% | 4.77% | 13.02% | 21.65% | 32.3% |
| Operating Expenses | 107.23M | 95.75M | 91.15M | 93.47M | 87.98M | 76.39M | 307.44M | 84.15M | 78.44M | 85.39M | 77.2M | 75.63M | 71.51M | 149.3M | 57.26M | 100.67M | 78.68M | 81.2M | 83.89M | 88.28M |
| OpEx % of Revenue | 40.39% | 34.89% | 36.34% | 37.28% | 38.63% | 32.6% | 131.87% | 32.66% | 31.12% | 28.57% | 25.61% | 22.25% | 20.6% | 44.76% | 16.41% | 26.7% | 21.27% | 22.28% | 22.13% | 23.75% |
| Selling, General & Admin | 60.63M | 64.47M | 58.86M | 60.43M | 57.24M | 50.76M | 54.89M | 54.09M | 54.16M | 57.16M | 53.2M | 49.85M | 51.22M | 51.24M | 53.2M | 52.42M | 51.04M | 51.58M | 53.24M | 50.26M |
| SG&A % of Revenue | 22.83% | 23.49% | 23.47% | 24.1% | 25.13% | 21.66% | 23.54% | 20.99% | 21.49% | 19.13% | 17.65% | 14.66% | 14.75% | 15.36% | 15.24% | 13.9% | 13.79% | 14.15% | 14.04% | 13.52% |
| Research & Development | 33.31M | 28.77M | 30.36M | 29.94M | 28.34M | 25.74M | 27.18M | 27.49M | 29.38M | 27.71M | 24.71M | 23.51M | 22.77M | 26.62M | 25.44M | 30.61M | 33.45M | 36.77M | 34.28M | 35.19M |
| R&D % of Revenue | 12.55% | 10.48% | 12.1% | 11.94% | 12.44% | 10.98% | 11.66% | 10.67% | 11.66% | 9.27% | 8.2% | 6.92% | 6.56% | 7.98% | 7.29% | 8.12% | 9.04% | 10.09% | 9.04% | 9.47% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | -103K | 1000K | 1000K | -1000K | 511K | -713K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K |
| Operating Income | -7.74M | 3.32M | 7.86M | 104K | 1.83M | 13.95M | -253.35M | 12.04M | 19.1M | 28.78M | 55.71M | 72.06M | 75.43M | -88.48M | 93.16M | 71.67M | 93.14M | 84.8M | 101.99M | 92.25M |
| Operating Margin % | -2.91% | 1.21% | 3.13% | 0.04% | 0.8% | 5.95% | -108.67% | 4.67% | 7.58% | 9.63% | 18.48% | 21.2% | 21.73% | -26.53% | 26.69% | 19.01% | 25.18% | 23.27% | 26.9% | 24.82% |
| Operating Income Growth % | -523.43% | -76.22% | 103.1% | -99.14% | -90.43% | -51.52% | -554.79% | -83.29% | -74.68% | 132.52% | -40.21% | 0.54% | -19.02% | -204.34% | -8.65% | -22.31% | 4.84% | 29.98% | 146.27% | 95.41% |
| EBITDA | -7.74M | 23.37M | 23.49M | 15.93M | 17.17M | 28.77M | -238.23M | 27.33M | 35.31M | 45.72M | 73.04M | 89.52M | 93.31M | -67.77M | 115.91M | 95.34M | 116.58M | 109.01M | 126.14M | 116.41M |
| EBITDA Margin % | -2.91% | 8.52% | 9.37% | 6.35% | 7.54% | 12.28% | -102.18% | 10.61% | 14.01% | 15.3% | 24.23% | 26.33% | 26.88% | -20.32% | 33.21% | 25.29% | 31.51% | 29.91% | 33.27% | 31.32% |
| EBITDA Growth % | -145.06% | -18.76% | 109.86% | -41.72% | -51.38% | -37.07% | -426.16% | -69.47% | -62.16% | 167.47% | -36.98% | -6.11% | -19.95% | -162.17% | -8.11% | -18.1% | 3.48% | 23.02% | 93.31% | 65.21% |
| D&A (Non-Cash Add-back) | 0 | 20.05M | 15.63M | 15.83M | 15.34M | 14.82M | 15.12M | 15.29M | 16.21M | 16.94M | 17.34M | 17.45M | 17.89M | 20.71M | 22.75M | 23.67M | 23.43M | 24.2M | 24.15M | 24.16M |
| EBIT | -7.74M | 10.56M | 15.65M | 3.2M | 4.24M | 13.85M | -27.98M | 14.61M | 14M | 29.29M | 54.99M | 74.33M | 72.95M | -17.04M | 71.79M | 89.31M | 87.33M | 77.66M | 98.35M | 95.08M |
| Net Interest Income | 0 | 0 | 7.28M | 0 | 7.44M | 7.41M | 11.1M | 0 | 14.18M | 13.37M | 11.57M | 9.26M | 7.53M | 7.89M | 3.63M | 1.18M | -70K | -649K | -288K | -407K |
| Interest Income | 0 | 0 | 7.28M | 0 | 7.44M | 7.41M | 11.1M | 0 | 14.18M | 13.37M | 11.57M | 9.26M | 7.53M | 7.89M | 3.63M | 1.18M | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70K | 649K | 288K | 407K |
| Other Income/Expense | 8.76M | 7.24M | 7.8M | 8.17M | 8.79M | 8.06M | 10.83M | 12.97M | 14.5M | 13.38M | 12.11M | 9.55M | 7.86M | 8.44M | 3.93M | 1.79M | -306K | -282K | -499K | -379K |
| Pretax Income | 1.02M | 10.56M | 15.65M | 8.27M | 10.62M | 22.01M | -242.51M | 25.01M | 33.6M | 42.15M | 67.82M | 81.61M | 83.29M | -80.04M | 97.09M | 73.47M | 92.84M | 84.52M | 101.49M | 91.87M |
| Pretax Margin % | 0.38% | 3.85% | 6.24% | 3.3% | 4.66% | 9.39% | -104.02% | 9.71% | 13.33% | 14.1% | 22.5% | 24.01% | 23.99% | -24% | 27.82% | 19.49% | 25.09% | 23.19% | 26.77% | 24.72% |
| Income Tax | -565K | -2.71M | 8.19M | 1.67M | 6.86M | 14.2M | -8.92M | 4.86M | 9.5M | 725K | 12.83M | 19.29M | 23.16M | 12.85M | 20.39M | 16.14M | 23.21M | 19.25M | 26.79M | 22.2M |
| Effective Tax Rate % | -55.45% | -25.71% | 52.33% | 20.14% | 64.6% | 64.5% | 3.68% | 19.42% | 28.28% | 1.72% | 18.91% | 23.64% | 27.8% | -16.05% | 21% | 21.97% | 25% | 22.78% | 26.4% | 24.16% |
| Net Income | 1.58M | 13.27M | 7.46M | 6.61M | 3.76M | 7.82M | -233.59M | 20.15M | 24.1M | 41.43M | 54.99M | 62.32M | 60.13M | -92.89M | 76.26M | 56.97M | 69.57M | 65.09M | 75.4M | 69.8M |
| Net Margin % | 0.6% | 4.83% | 2.98% | 2.63% | 1.65% | 3.33% | -100.19% | 7.82% | 9.56% | 13.86% | 18.25% | 18.33% | 17.32% | -27.85% | 21.85% | 15.11% | 18.8% | 17.86% | 19.89% | 18.78% |
| Net Income Growth % | -57.85% | 69.8% | 103.19% | -67.23% | -84.41% | -81.14% | -524.76% | -67.66% | -59.93% | 144.6% | -27.89% | 9.4% | -13.56% | -242.72% | 1.14% | -18.38% | 2.12% | 31.92% | 111.78% | 82.6% |
| Net Income (Continuing) | 1.58M | 13.27M | 7.46M | 6.61M | 3.76M | 7.82M | -233.59M | 20.15M | 24.1M | 41.43M | 54.99M | 62.32M | 60.13M | -92.89M | 76.7M | 57.33M | 69.63M | 65.27M | 74.7M | 69.68M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.14M | 1M | 639K | 493K | 1.36M |
| EPS (Diluted) | 0.04 | 0.31 | 0.18 | 0.16 | 0.09 | 0.18 | -5.33 | 0.45 | 0.52 | 0.89 | 1.16 | 1.31 | 1.26 | -1.91 | 1.47 | 1.10 | 1.31 | 1.21 | 1.40 | 1.29 |
| EPS Growth % | -54.39% | 72.22% | 103.38% | -64.44% | -83.13% | -79.78% | -559.48% | -65.65% | -58.73% | 146.6% | -21.09% | 19.09% | -3.82% | -257.85% | 5% | -14.73% | 3.97% | 31.52% | 112.12% | 81.69% |
| EPS (Basic) | 0.04 | 0.32 | 0.18 | 0.16 | 0.09 | 0.18 | -5.33 | 0.45 | 0.52 | 0.89 | 1.16 | 1.32 | 1.26 | -1.91 | 1.48 | 1.10 | 1.32 | 1.22 | 1.41 | 1.31 |
| Diluted Shares Outstanding | 42.91M | 42.62M | 42.56M | 42.58M | 42.83M | 42.78M | 43.84M | 45.01M | 46.17M | 46.66M | 47.39M | 47.45M | 47.78M | 48.72M | 51.74M | 51.8M | 53.1M | 53.63M | 53.83M | 54M |
| Basic Shares Outstanding | 42.24M | 42.1M | 42.2M | 42.48M | 42.6M | 42.65M | 43.84M | 44.92M | 45.96M | 46.53M | 47.24M | 47.32M | 47.54M | 48.72M | 51.63M | 51.69M | 52.81M | 53.22M | 53.39M | 53.47M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |