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Photronics PLAB Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation

Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation at other companies

Cadence Design Systems logo
Cadence Design SystemsCDNS
$20.25K-84.7%

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 / equity
Current ratio-0.1×

Where this comes from

Reported directly by Photronics in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation.

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 unrecognized tax benefits, decrease resulting from foreign currency translation?
Photronics (PLAB) reported unrecognized tax benefits, decrease resulting from foreign currency translation of $1M in Q3 2025.
What does unrecognized tax benefits, decrease resulting from foreign currency translation mean?
Reflects the decrease in the liability for unrecognized tax benefits caused by fluctuations in foreign currency exchange rates. This metric is relevant for multinational corporations that hold tax reserves in multiple currencies. It highlights the impact of macroeconomic volatility on the company's reported tax contingencies.