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Cognex CGNX License Fees Revenue — Revenue

Other product segments

Standard products and services (1)
$880.02M+10.6%
Standard products and services
$247.1M+14.4%
Applicationof Customer Specific Solutions
$114.34M-4.1%
Application-specific customer solutions
$44.16M+33.6%

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KOPNLicense And Other Revenues — Revenue
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CYTKLicense And Milestone Revenues — Revenue
$11.9M-81.5%

Other financials

Income statement

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Revenue$291.3M+16.9%
Gross profit$205.8M+22.6%
Operating income$85.5M+96.9%
Net income$72.8M+79.6%
EPS (diluted)$0.43+79.2%

Balance sheet

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Cash & equivalents$302.5M+68.7%
Total debt$72.5M-12.9%
Total equity$1.6B+8.2%
Total assets$2.2B+8.7%

Cash flow

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Operating cash flow$69.2M+62.2%
CapEx$1.5M-30.2%
Free cash flow$67.6M+67.3%

Valuation

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Market cap$11.77B+71.4%
Enterprise value$11.54B+70.4%
P/E67.3×+11.1×
P/S10.8×+3.4×

Profitability

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Gross margin68.9%+1.2pp
Operating margin21.9%+7.7pp
Net margin16.1%+2.9pp
FCF margin24.6%+5.3pp

Returns & leverage

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Return on equity11.1%+3.0pp
Debt / equity0.0×
Current ratio3.9×+0.6×

Where this comes from

Reported directly by Cognex in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Cognex’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 6:14 AM EST
Fiscal year
FY2025
Accession
0000851205-26-000012

Contract assets consist of unbilled revenue which arises when revenue is recognized in advance of billing primarily for certain application-specific customer solutions contracts, as well as for upfront license revenue recognized in connection with the strategic channel partnership mentioned above. Our rights to consideration are generally unconditional at the time our performance obligations are satisfied. The increase in unbilled revenue as of December 31, 2025 was primarily due to $10,365,000 of upfront license revenue recognized in 2025 in connection with the strategic channel partnership. Although the license revenue was recognized upfront, payments are expected to be received over the duration of the partnership, resulting in unbilled revenue.

ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cognex's license fees revenue — revenue?
Cognex (CGNX) reported license fees revenue — revenue of $2.59M in Q4 2025.
What does license fees revenue — revenue mean?
This metric represents the total revenue generated from the licensing of proprietary machine vision software and intellectual property to customers. It reflects the company's ability to monetize its core software technology independently of hardware sales. This revenue stream is a key indicator of software adoption and the scalability of the company's digital product offerings.

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