COGNEX CORP
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
CGNX$50.80+0.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, and
COGNEX CORPORATION – CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (In thousands) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $262,925 | $186,094 |
| Current investments, amortized cost of $74,050 and $60,725 in 2025 and 2024, respectively, allowance for credit losses of $0 in 2025 and 2024 | 74,037 | 59,956 |
| Accounts receivable, allowance for credit losses of $728 and $827 in 2025 and 2024, respectively | 146,713 | 143,359 |
| Unbilled revenue | 16,980 | 3,055 |
| Inventories | 137,889 | 157,527 |
| Prepaid expenses and other current assets | 58,702 | 63,376 |
| Total current assets | 697,246 | 613,367 |
| Non-current investments, amortized cost of $302,539 and $345,033 in 2025 and 2024, respectively, allowance for credit losses of $0 in 2025 and 2024 | 305,339 | 340,898 |
| Property, plant, and equipment, net | 86,015 | 98,445 |
| Operating lease assets | 72,310 | 67,326 |
| Goodwill | 386,279 | 384,937 |
| Intangible assets, net | 81,100 | 90,684 |
| Deferred income taxes | 383,272 | 392,166 |
| Other assets | 4,994 | 5,027 |
| Total assets | $2,016,555 | $1,992,850 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $50,203 | $38,046 |
| Accrued expenses | 91,397 | 71,760 |
| Accrued income taxes | 9,141 | 25,685 |
| Deferred revenue and customer deposits | 21,094 | 25,035 |
| Operating lease liabilities | 11,716 | 8,854 |
| Total current liabilities | 183,551 | 169,380 |
| Non-current operating lease liabilities | 64,870 | 61,363 |
| Deferred income taxes | 250,512 | 217,155 |
| Reserve for income taxes | 24,269 | 26,365 |
| Other liabilities | 1,452 | 1,082 |
| Total liabilities | 524,654 | 475,345 |
| Commitments and contingencies (Note 11) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value - Authorized: 400 shares in 2025 and 2024, respectively, no shares issued and outstanding | — | — |
| Common stock, $0.002 par value – Authorized: 300,000 shares in 2025 and 2024, respectively, issued and outstanding: 166,997 and 170,434 shares in 2025 and 2024, respectively | 334 | 341 |
| Additional paid-in capital | 1,138,708 | 1,090,638 |
| Retained earnings | 406,355 | 499,303 |
| Accumulated other comprehensive loss, net of tax | (53,496) | (72,777) |
| Total shareholders’ equity | 1,491,901 | 1,517,505 |
| Total liabilities and shareholders' equity | $2,016,555 | $1,992,850 |
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