Can IPG Photonics cover its short-term obligations?

Its current ratio is 5.80 — current assets exceed current liabilities.

Where does IPG Photonics's balance sheet data come from?

Every line is extracted from IPG Photonics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

IPG Photonics IPGP Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$480.76M+19.1%	$403.79M+16.7%	$346.03M-3.7%	$359.18M-1.1%	$363.05M-41.4%
Short-term investments	$332.14M-23.7%	$435.54M-16.9%	$524.36M-3.0%	$540.41M-4.2%	$563.83M+81.8%
Accounts receivable, net	$192.44M+5.9%	$181.73M+9.2%	$166.38M-17.2%	$201.04M+13.6%	$176.91M+3.4%
Inventories	$319.01M+1.8%	$313.42M-3.2%	$323.93M+6.6%	$303.84M+5.6%	$287.62M+1.0%
Raw materials	$154.69M-0.5%	$155.41M-0.8%	$156.64M+2.1%	$153.34M+1.8%	$150.65M+0.3%
Work in process	$45.94M+3.2%	$44.53M+0.9%	$44.12M+14.6%	$38.51M+15.8%	$33.25M+14.8%
Finished goods	$118.39M+4.3%	$113.48M-7.9%	$123.18M+10.0%	$111.99M+8.0%	$103.73M-1.7%
Prepaid expenses and other current assets	$57.59M+25.8%	$45.77M-0.4%	$45.96M+12.5%	$40.87M+16.7%	$35.02M+28.3%
Income taxes receivable	$51.2M+18.5%	$43.2M+55.1%	$27.85M-3.4%	$28.81M+69.9%	$16.96M-3.6%
Contract assets	$5.7M+64.7%	$3.46M+26.1%	$2.75M+83.1%	$1.5M+39.2%	$1.08M-77.2%
Total current assets	$1.43B+0.7%	$1.42B-0.8%	$1.43B-2.7%	$1.47B+2.1%	$1.44B+0.9%
Property and equipment, net	$636.24M-0.2%	$637.52M+2.5%	$622.12M+0.1%	$621.35M+3.0%	$603.27M+2.5%
Accumulated depreciation	$84.18M+2.3%	$82.3M+2.9%	$79.98M+3.1%	$77.59M+4.1%	$74.5M+3.7%
Goodwill	$70.91M-1.1%	$71.74M+0.1%	$71.65M-0.2%	$71.76M+4.6%	$68.62M+2.0%
Intangible assets, net	$47.17M-5.5%	$49.93M-4.4%	$52.23M-4.4%	$54.65M+0.7%	$54.3M-1.9%
Deferred tax assets	$8.98M-4.5%	$9.4M-14.9%	$11.04M0.0%	$11.05M-22.3%	$14.21M-87.6%
Other non-current assets	$42.68M+3.5%	$41.23M-18.7%	$50.73M+17.3%	$43.26M+12.2%	$38.54M+19.5%
Equity method investments	——	——	——	——	——
Held-to-maturity securities	$402.71M-21.4%	$512.07M-7.7%	$554.53M+2.6%	$540.23M-4.2%	$563.67M+81.7%
Total assets	$2.42B-0.1%	$2.42B+1.8%	$2.38B+0.1%	$2.38B+2.7%	$2.32B+1.2%
Accounts payable	$54.72M+39.3%	$39.29M-2.3%	$40.23M-3.1%	$41.52M+9.5%	$37.92M+7.2%
Accrued expenses	$66.09M-19.3%	$81.94M+3.7%	$79.01M+7.8%	$73.26M+36.0%	$53.87M-64.6%
Deferred revenue	$67.79M+2.4%	$66.21M+20.6%	$54.89M-9.4%	$60.62M-1.9%	$61.78M+9.4%
Operating lease liabilities, current	$5M-1.5%	$5.07M+3.5%	$4.9M+2.8%	$4.77M+10.4%	$4.32M-10.7%
Contract liabilities	$3.56M+6.7%	$3.34M+7.1%	$3.12M-7.9%	$3.38M+1.3%	$3.34M+15.8%
Income taxes payable	$7.6M-23.2%	$9.9M+365%	$2.13M-54.1%	$4.64M-26.1%	$6.28M-64.3%
Total current liabilities	$247.18M+5.6%	$234.04M+9.7%	$213.38M-1.6%	$216.95M+10.1%	$197.03M-3.9%
Operating lease liabilities, non-current	$11.32M-7.1%	$12.18M-2.3%	$12.46M+3.0%	$12.09M+0.8%	$12M-8.6%
Other non-current liabilities	$8.75M-22.6%	$11.31M+21.1%	$9.34M+10.4%	$8.46M+15.5%	$7.32M+29.9%
Total liabilities	$305.85M+3.3%	$296.15M+7.2%	$276.15M+0.5%	$274.9M+7.0%	$256.91M-3.0%
Common stock	175M0.0%	175M0.0%	175M0.0%	175M0.0%	175M+2,916,567%
Additional paid-in capital	$1.08B-0.1%	$1.08B+1.3%	$1.06B+1.0%	$1.05B+1.2%	$1.04B+0.5%
Retained earnings	$2.65B+0.1%	$2.64B+0.5%	$2.63B+0.3%	$2.62B+0.3%	$2.62B+0.1%
Accumulated other comprehensive income (loss)	-$50.84M-32.5%	-$38.38M+0.9%	-$38.73M-4.0%	-$37.24M+59.6%	-$92.24M+22.7%
Treasury stock	$1.56B0.0%	$1.56B+0.2%	$1.55B+1.1%	$1.54B+2.0%	$1.51B0.0%
Total stockholders' equity	$2.12B-0.6%	$2.13B+1.1%	$2.1B0.0%	$2.1B+2.1%	$2.06B+1.8%
Total liabilities and stockholders' equity	$2.42B-0.1%	$2.42B+1.8%	$2.38B+0.1%	$2.38B+2.7%	$2.32B+1.2%
Available-for-Sale Debt Securities - Fair Value (Maturing Within 1 Year)	$332.12M-23.8%	$435.93M-16.9%	$524.65M-2.9%	$540.23M-4.2%	$563.67M+81.8%
Allowance for Doubtful Accounts	$2.22M+1.3%	$2.19M-14.7%	$2.57M-13.3%	$2.96M+0.5%	$2.94M+19.5%
Allowance for Doubtful Accounts Receivable (Current)	$2.22M+1.3%	$2.19M-14.7%	$2.57M-13.3%	$2.96M+0.5%	$2.94M+19.5%
Finished goods	——	——	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$42.68M+3.5%	$41.23M-18.7%	$50.73M+17.3%	$43.26M+12.2%	$38.54M+19.5%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——	——
Finite Lived Intangible Assets - Gross	$131.35M-0.7%	$132.23M0.0%	$132.2M0.0%	$132.24M+2.7%	$128.79M+1.3%
Held-to-Maturity Debt Securities - Fair Value	$402.46M-21.5%	$512.52M-7.6%	$554.82M+2.7%	$540.23M-4.2%	$563.67M+81.8%
Held-to-Maturity Debt Securities - Maturing 1 to 5 Years	——	——	——	——	——
Deferred tax assets	$120.93M-2.4%	$123.89M+3.6%	$119.55M+4.6%	$114.27M+4.6%	$109.23M-5.0%
Intangible assets — net	$47.17M-5.5%	$49.93M-4.4%	$52.23M-4.4%	$54.65M+0.7%	$54.3M-1.9%
Other intangible assets—net	$47.17M-5.5%	$49.93M-4.4%	$52.23M-4.4%	$54.65M+0.7%	$54.3M-1.9%
Investments	——	——	——	——	——
Other non-current assets	$42.68M+3.5%	$41.23M-18.7%	$50.73M+17.3%	$43.26M+12.2%	$38.54M+19.5%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$332.14M-23.7%	$435.54M-16.9%	$524.36M-3.0%	$540.41M-4.2%	$563.83M+81.8%
Software and Technology Licenses, Net	$42.68M+3.5%	$41.23M-18.7%	$50.73M+17.3%	$43.26M+12.2%	$38.54M+19.5%
Accrued Litigation	$13.5M—	$0—	——	——	——
Accrued Manufacturing Costs	$66.09M-19.3%	$81.94M+3.7%	$79.01M+7.8%	$73.26M+36.0%	$53.87M-4.8%
Accrued Progress Collections and Price Adjustments	$3.56M+6.7%	$3.34M+7.1%	$3.12M-7.9%	$3.38M+1.3%	$3.34M+15.8%
Other Commercial Liabilities	$184.85M0.0%	$184.85M+8.1%	$171.03M+0.1%	$170.79M+11.8%	$152.83M+0.5%
Accrued Income Taxes, Current	$7.6M-23.2%	$9.9M+365%	$2.13M-54.1%	$4.64M-26.1%	$6.28M-64.3%
Accrued Liabilities, Current	$184.85M0.0%	$184.85M+8.1%	$171.03M+0.1%	$170.79M+11.8%	$152.83M+0.5%
Compensation and benefits	$66.09M-19.3%	$81.94M+3.7%	$79.01M+7.8%	$73.26M+36.0%	$53.87M-4.8%
Current portion of accrued product warranty	$16.99M-2.1%	$17.35M-9.2%	$19.11M-5.9%	$20.3M-0.9%	$20.49M-4.2%
Standard Product Warranty Accrual	$31.28M-0.6%	$31.46M-3.6%	$32.65M-1.9%	$33.29M+0.5%	$33.12M-3.6%
Contract Liabilities, Non-Current	$3.56M+6.7%	$3.34M+7.1%	$3.12M-7.9%	$3.38M+1.3%	$3.34M+15.8%
Debt Maturity - 1 to 5 Years	——	——	——	——	——
Deferred Tax and Other Liabilities (Non-Current)	$58.67M-5.5%	$62.11M-1.0%	$62.77M+8.3%	$57.94M-3.2%	$59.87M+0.2%
Deferred revenue, net of current portion	$3.56M+6.7%	$3.34M+7.1%	$3.12M-7.9%	$3.38M+1.3%	$3.34M+15.8%
Liability For Uncertain Tax Positions Noncurrent	$15.33M+1.5%	$15.11M-7.8%	$16.39M+22.7%	$13.36M-2.6%	$13.72M-1.0%
Accrued litigation	——	——	——	——	——
Total debt	$16.31M-5.4%	$17.25M-0.7%	$17.36M+3.0%	$16.86M+3.3%	$16.32M-9.1%
Unrecognized Tax Benefits	$15.33M+1.5%	$15.11M-7.8%	$16.39M+22.7%	$13.36M-2.6%	$13.72M-1.0%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	57.3M+0.6%	57M+0.1%	56.9M0.0%	56.9M+0.2%	56.8M+0.3%
Additional paid-in capital	$1.08B-0.1%	$1.08B+1.3%	$1.06B+1.0%	$1.05B+1.2%	$1.04B+0.5%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$6K0.0%	$6K0.0%	$6K0.0%	$6K0.0%	$6K0.0%
Share Repurchase Authorization Limit	——	——	——	——	——
Share Repurchase Program - Amount Remaining	——	——	——	——	——
Allowance for doubtful accounts	$2.22M+1.3%	$2.19M-14.7%	$2.57M-13.3%	$2.96M+0.5%	$2.94M+19.5%
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%	$175M0.0%
Common stock, shares issued (in shares)	$57.28M+0.6%	$56.96M+0.1%	$56.91M0.0%	$56.91M+0.2%	$56.81M+0.3%
Common Stock, Shares, Outstanding	$42.44M+0.8%	$42.13M0.0%	$42.12M-0.5%	$42.33M-0.9%	$42.73M+0.4%
Debt securities, held-to-maturity, allowance for credit loss	——	——	——	——	——
Short term investments, fair value	——	——	——	——	——
Held-to-maturity investment included in Other noncurrent assets	——	——	——	——	——
Held-to-maturity impairment	——	——	——	——	——
Deferred income taxes	$8.98M-4.5%	$9.4M-14.9%	$11.04M0.0%	$11.05M-22.3%	$14.21M0.0%
Deferred income taxes and other	$58.67M-5.5%	$62.11M-1.0%	$62.77M+8.3%	$57.94M-3.2%	$59.87M+0.2%
Thereafter	——	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$84.18M+2.3%	$82.3M+2.9%	$79.98M+3.1%	$77.59M+4.1%	$74.5M+3.7%
2028	——	——	——	——	——
2030	——	——	——	——	——
Remainder of 2026	——	——	——	——	——
2027	——	——	——	——	——
2029	——	——	——	——	——
Gross Carrying Amount	$131.35M-0.7%	$132.23M0.0%	$132.2M0.0%	$132.24M+2.7%	$128.79M+1.3%
1-5 years	——	——	——	——	——
Within 1 year	$332.14M-23.7%	$435.54M-16.9%	$524.36M-3.0%	$540.41M-4.2%	$563.83M+81.8%
Tax receivable within other current assets	$51.2M+18.5%	$43.2M+55.1%	$27.85M-3.4%	$28.81M+69.9%	$16.96M-3.6%
Number of application categories	——	——	——	——	——
Number of product categories	——	——	——	——	——
Other accrued liabilities	$15.48M+8.5%	$14.28M+8.9%	$13.11M+10.7%	$11.84M-4.3%	$12.37M-3.3%
Other	$8.75M-22.6%	$11.31M+21.1%	$9.34M+10.4%	$8.46M+15.5%	$7.32M+29.9%
Standard and Extended Product Warranty Accrual	$31.28M-0.6%	$31.46M-3.6%	$32.65M-1.9%	$33.29M+0.5%	$33.12M-3.6%
Long-term portion of accrued product warranty	$14.29M+1.2%	$14.12M+4.3%	$13.54M+4.3%	$12.99M+2.9%	$12.62M-2.5%
Insurance Reserve, Current	——	——	——	——	——
Share Repurchase Program, Authorized, Amount	——	——	——	——	——
Share Repurchase Program, Remaining Authorized, Amount	——	——	——	——	——
Treasury stock, shares (in shares)	$14.84M0.0%	$14.84M+0.3%	$14.79M+1.5%	$14.58M+3.5%	$14.08M0.0%
Unrecognized tax benefits	$15.33M+1.5%	$15.11M-7.8%	$16.39M+22.7%	$13.36M-2.6%	$13.72M-1.0%
Remainder of Fiscal Year 2024	——	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——	——

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Questions, answered.

Can IPG Photonics cover its short-term obligations?: Its current ratio is 5.80 — current assets exceed current liabilities.
Where does IPG Photonics's balance sheet data come from?: Every line is extracted from IPG Photonics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.