Nlight, Inc. (LASR) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Nlight reported revenue of $261.3M, up 31.6% from $198.5M the year before. Net income was -$23.5M (a -9.0% net margin), or -$0.47 per diluted share. Gross margin was 29.8% and operating margin was -10.2%. Operating activities generated $21.3M of cash, leaving $12.3M of free cash flow. At fiscal year end, Nlight held $315.2M in total assets against $88.5M in total liabilities, including $98.7M of cash and equivalents.
Open the full interactive Nlight financials → Quarterly statements, key ratios, valuation history and price charts.
Nlight Key Stats
| Share Price | $38.58 |
|---|---|
| Market Cap | $2.20B |
| Revenue YoY Growth | +31.6% |
| 52-Week Range | $28.60 – $84.95 |
| Shares Outstanding | 57.0 million (basic, 2026 Q2) |
Nlight Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $222.8M | $270.1M | $242.1M | $209.9M | $198.5M | $261.3M |
| Gross Profit | $59.4M | $77.3M | $50.8M | $46.1M | $33.0M | $78.0M |
| Operating Income | -$21.0M | -$30.2M | -$55.1M | -$46.8M | -$65.6M | -$26.6M |
| Pre-Tax Income | -$20.6M | -$30.0M | -$54.2M | -$42.6M | -$60.9M | -$22.8M |
| Income Tax | $340,000 | -$375,000 | $344,000 | -$978,000 | -$76,000 | $699,000 |
| Net Income | -$20.9M | -$29.7M | -$54.6M | -$41.7M | -$60.8M | -$23.5M |
| Diluted EPS | -$0.55 | -$0.70 | -$1.23 | -$0.90 | -$1.27 | -$0.47 |
Nlight Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $66.7M | $81.2M | $80.2M | $82.6M |
| Net Income | -$6.9M | -$4.9M | $645,000 | -$1.3M |
| Diluted EPS | -$0.14 | -$0.10 | $0.01 | -$0.02 |
Nlight Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $102.3M | $146.5M | $57.8M | $53.2M | $65.8M | $98.7M |
| Current Assets | $200.6M | $277.2M | $230.8M | $220.6M | $194.1M | $243.2M |
| Total Assets | $283.6M | $373.6M | $329.2M | $306.8M | $270.2M | $315.2M |
| Current Liabilities | $41.4M | $45.8M | $34.5M | $32.8M | $34.2M | $64.2M |
| Total Long-Term Debt | $399,000 | — | — | — | — | — |
| Total Liabilities | $63.7M | $71.5M | $58.4M | $52.4M | $53.8M | $88.5M |
| Shareholders' Equity | $219.9M | $302.1M | $270.8M | $254.4M | $216.4M | $226.7M |
Nlight Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.0M | -$7.4M | -$14.5M | $10.1M | -$2.4M | $21.3M |
| Cash From Investing | -$24.5M | -$21.9M | -$72.4M | -$14.1M | $16.7M | -$8.8M |
| Cash From Financing | -$3.8M | $73.7M | -$1.3M | -$859,000 | -$1.3M | $20.1M |
| Free Cash Flow | -$10.4M | -$26.8M | -$35.9M | $4.8M | -$10.3M | $12.3M |
Figures from Nlight's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nlight financials page for every line item.
Nlight Company Profile
| Ticker | LASR |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Camas, Washington |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001124796 |
Frequently Asked Questions
What was Nlight's revenue in fiscal 2025?
Nlight (LASR) reported revenue of $261.3M for fiscal 2025.
What is Nlight's annual revenue history?
Nlight's annual revenue by fiscal year: 2020: $222.8M; 2021: $270.1M; 2022: $242.1M; 2023: $209.9M; 2024: $198.5M; 2025: $261.3M.
What was Nlight's net income in fiscal 2025?
Nlight reported net income of -$23.5M for fiscal 2025.
What was Nlight's earnings per share (EPS) in fiscal 2025?
Nlight's diluted EPS was -$0.47 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nlight generate in fiscal 2025?
Nlight generated $12.3M of free cash flow in fiscal 2025.
What was Nlight's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nlight reported revenue of $82.6M.
How many shares of Nlight are outstanding?
Nlight reported a weighted average of 57.0 million basic shares outstanding in 2026 Q2.
What is Nlight's market cap?
Based on its latest closing price, Nlight (LASR) has a market capitalization of about $2.20B.
When does Nlight's fiscal year end?
Nlight's fiscal year end, as registered with the SEC, is December 31.
Where is Nlight headquartered?
Nlight lists its business address in Camas, Washington in its SEC filings.