nLIGHT, Inc. (LASR)

NASDAQ: LASR · Real-Time Price · USD

40.32

-1.95 (-4.61%)

At close: Sep 1, 2026, 4:00 PM EDT

40.50

+0.18 (0.45%)

Pre-market: Sep 2, 2026, 8:46 AM EDT

nLIGHT Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	310.7	261.33	198.55	209.92	242.06	270.15
Revenue Growth	43.24%	31.62%	-5.42%	-13.28%	-10.40%	21.26%
Gross Profit	97.95	77.96	33.02	46.11	50.82	77.31
Operating Income	-14.35	-24.2	-61.35	-45.95	-51.21	-30.22
Net Income	-12.48	-23.47	-60.79	-41.67	-54.58	-29.67
Earnings Per Share	-0.24	-0.47	-1.27	-0.90	-1.23	-0.70
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Products	220.3	179.24	136.66	156.67
Development	90.4	82.09	61.89	53.26
Total	310.7	261.33	198.55	209.92

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	330.45	133.63	100.7	112.88	108.22	146.53
Total Debt	14.84	36.21	12.13	14.16	15.61	17.68
Net Cash (Debt)	315.6	97.43	88.56	98.72	92.61	128.86
Net Cash Growth	286.28%	10.01%	-10.29%	6.60%	-28.13%	44.40%
Net Cash Per Share	5.94	1.95	1.85	2.14	2.08	3.06

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	53.15	21.33	-2.36	10.09	-14.54	-7.44
Capital Expenditures	-11.32	-9.03	-7.93	-5.34	-21.39	-19.32
Free Cash Flow	41.83	12.3	-10.29	4.75	-35.93	-26.76
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	31.52%	29.83%	16.63%	21.97%	21.00%	28.62%
Operating Margin	-4.62%	-9.26%	-30.90%	-21.89%	-21.16%	-11.19%
Pretax Margin	-3.80%	-8.71%	-30.66%	-20.32%	-22.41%	-11.12%
Profit Margin	-4.02%	-8.98%	-30.62%	-19.85%	-22.55%	-10.98%
FCF Margin	13.46%	4.71%	-5.18%	2.26%	-14.84%	-9.91%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	104.97	137.40	106.34	106.34	106.34	75.67
P/FCF Ratio	55.61	154.90	-	132.63	-	-
PS Ratio	7.49	7.29	2.56	3.00	1.90	3.89