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Photronics PLAB Acquired in-process research and development

Acquired in-process research and development at other companies

Quantum Computing Inc. logo
Quantum Computing Inc.QUBT
$6.97M+133%

Other financials

Income statement

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Revenue$209.9M-0.5%
Gross profit$65.8M-15.6%
Operating income$42.2M-24.3%
Net income$31.4M+255%
EPS (diluted)$0.54+260%

Balance sheet

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Cash & equivalents$514.4M-3.6%
Total debt$3.9M+12,780%
Total equity$1.2B+12.7%
Total assets$1.9B+13.4%

Cash flow

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Operating cash flow$47.0M+49.5%
CapEx$45.8M-24.4%
Free cash flow$1.2M—

Valuation

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Market cap$1.87B+146%
Enterprise value$1.36B+268%
P/E11.7×+5.4×
P/S2.2×+1.3×

Profitability

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Gross margin33.8%-2.5pp
Operating margin22.9%-2.3pp
Net margin18.5%+4.5pp
FCF margin11.2%—

Returns & leverage

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Return on equity13.6%+2.3pp
Debt / equity0×—
Current ratio5×-0.1×

Where this comes from

Reported directly by Photronics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Photronics’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Photronics's acquired in-process research and development?
Photronics (PLAB) reported acquired in-process research and development of $2.82M in Q1 2026.
How has Photronics's acquired in-process research and development changed year-over-year?
Photronics's acquired in-process research and development decreased by 31.0% year-over-year, from $4.09M to $2.82M.
What does acquired in-process research and development mean?
Represents the cash outflows associated with the acquisition of research and development projects that have not yet reached technological feasibility. This is a strategic capital allocation decision often seen in innovation-heavy industries to secure future product pipelines. It indicates the company's commitment to inorganic growth through technological advancement.