What does write-off of customer financing receivable mean?

The amount of accounts receivable deemed uncollectible and removed from the balance sheet during the period. High levels of write-offs may indicate deteriorating credit quality among the customer base or aggressive revenue recognition practices.

Photronics PLAB Write-off of customer financing receivable

Write-off of customer financing receivable at other companies

HTF

Heartflow, Inc. Common StockHTFL

$47K-23.0%

BeldenBDC

$8.42M+1,149%

KEE

Keel Infrastructure Corp. Common StockKEEL

$4K—

PhotronicsPLAB

$0—

T-Mobile USTMUS

$410M+26.5%

The BancorpTBBK

$30.7M-21.5%

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$1.86B+146%

Enterprise value$1.35B+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:AllowanceForDoubtfulAccountsReceivableWriteOffs.

The official record: Photronics’s 10-K, filed December 17, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Photronics's write-off of customer financing receivable?: Photronics (PLAB) reported write-off of customer financing receivable of $0 in Q3 2025.
What does write-off of customer financing receivable mean?: The amount of accounts receivable deemed uncollectible and removed from the balance sheet during the period. High levels of write-offs may indicate deteriorating credit quality among the customer base or aggressive revenue recognition practices.