LASR

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nLIGHT, Inc.

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Key Metrics

Previous Close: $47.88
52-Week Range: $25.74 – $86.95
Market Cap: $2.72B
P/E (TTM): —
EPS (TTM): -0.24
Dividend Yield: —

Advanced Metrics

Price/Book: 6.18
PEG Ratio: 1.78
Return on Equity: -3.81%
Return on Assets: -2.21%
Gross Margin: 31.52%
Operating Margin: -4.32%
Profit Margin: -4.02%
Current Ratio: 8.17
Debt/Equity: 0.03
Total Debt: $14.84M
Free Cash Flow: $42.77M
Revenue Growth: 33.80%
Earnings Growth: —
Enterprise Value: $2.45B

LASR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$242.06M	$209.92M	$198.55M	$261.33M
Cost of Revenue	$191.24M	$163.81M	$165.53M	$183.37M
Gross Profit	$50.82M	$46.11M	$33.02M	$77.96M
Research & Development	$53.77M	$46.16M	$45.11M	$47.97M
Selling, General & Admin	$48.26M	$45.90M	$49.26M	$54.19M
Operating Expenses	$102.03M	$92.06M	$94.36M	$102.17M
Operating Income	-$51.21M	-$45.95M	-$61.34M	-$24.20M
EBITDA	-$35.51M	-$26.55M	-$43.17M	-$7.43M
Pretax Income	-$54.23M	-$42.65M	-$60.87M	-$22.77M
Income Tax	$344.00K	-$978.00K	-$76.00K	$699.00K
Net Income	-$54.58M	-$41.67M	-$60.79M	-$23.47M
Diluted EPS	-1.23	-0.90	-1.27	-0.47
Diluted Shares	44.44M	46.08M	47.90M	49.98M

LASR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$57.83M	$53.21M	$65.83M	$98.70M
Receivables	$37.91M	$39.59M	$34.90M	$50.84M
Inventory	$67.60M	$52.16M	$40.80M	$45.41M
Current Assets	$230.76M	$220.55M	$194.09M	$243.19M
Total Assets	$329.23M	$306.80M	$270.24M	$315.21M
Current Liabilities	$34.49M	$32.75M	$34.23M	$64.21M
Total Debt	$15.61M	$14.16M	$12.13M	$36.21M
Total Liabilities	$58.39M	$52.38M	$53.81M	$88.46M
Retained Earnings	-$222.63M	-$264.30M	-$325.10M	-$348.56M
Shareholders' Equity	$270.85M	$254.42M	$216.43M	$226.75M
Working Capital	$196.26M	$187.80M	$159.85M	$178.98M

LASR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$14.54M	$10.09M	-$2.36M	$21.33M
Capital Expenditure	-$21.72M	-$5.34M	-$7.93M	-$9.03M
Free Cash Flow	-$36.26M	$4.75M	-$10.29M	$12.30M
Depreciation & Amortisation	$15.70M	$16.03M	$17.60M	$14.26M
Stock-Based Compensation	$26.76M	$25.83M	$24.96M	$33.41M
Investing Cash Flow	-$72.38M	-$14.10M	$16.69M	-$8.77M
Financing Cash Flow	-$1.31M	-$859.00K	-$1.30M	$20.11M
Net Change in Cash	-$88.23M	-$4.87M	$13.03M	$32.67M

LASR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$51.67M	$61.73M	$66.74M	$81.19M	$80.18M
Cost of Revenue	$37.87M	$43.28M	$45.99M	$56.23M	$53.67M
Gross Profit	$13.80M	$18.46M	$20.75M	$24.95M	$26.51M
Research & Development	$11.37M	$11.01M	$11.53M	$14.05M	$11.85M
Selling, General & Admin	$12.04M	$11.68M	$14.79M	$15.69M	$15.09M
Operating Expenses	$23.41M	$22.69M	$26.32M	$29.74M	$26.94M
Operating Income	-$9.61M	-$4.24M	-$5.57M	-$4.79M	-$424.00K
EBITDA	-$4.24M	$229.00K	-$2.97M	-$447.00K	$4.37M
Pretax Income	-$7.96M	-$3.57M	-$6.60M	-$4.64M	$698.00K
Income Tax	$137.00K	$17.00K	$273.00K	$272.00K	$53.00K
Net Income	-$8.09M	-$3.59M	-$6.87M	-$4.91M	$645.00K
Diluted EPS	-0.16	-0.07	-0.14	-0.10	0.01
Diluted Shares	49.09M	49.58M	50.29M	50.93M	59.98M

LASR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$82.20M	$78.81M	$81.11M	$98.70M	$298.21M
Receivables	$36.58M	$44.42M	$49.32M	$50.84M	$48.10M
Inventory	$43.79M	$48.30M	$51.46M	$45.41M	$43.86M
Current Assets	$215.77M	$222.86M	$228.39M	$243.19M	$446.06M
Total Assets	$290.00M	$295.25M	$298.69M	$315.21M	$515.70M
Current Liabilities	$37.16M	$39.56M	$40.54M	$64.21M	$63.05M
Long-Term Debt	$20.00M	$20.00M	$20.00M	—	—
Total Debt	$32.62M	$32.00M	$31.31M	$36.21M	$35.58M
Total Liabilities	$77.24M	$79.25M	$80.20M	$88.46M	$86.46M
Retained Earnings	-$333.19M	-$336.78M	-$343.65M	-$348.56M	-$347.92M
Shareholders' Equity	$212.76M	$216.00M	$218.49M	$226.75M	$429.24M
Working Capital	$178.61M	$183.30M	$187.85M	$178.98M	$383.02M

LASR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$20.00K	-$1.39M	$5.22M	$17.52M	$9.68M
Capital Expenditure	-$2.28M	-$2.39M	-$2.77M	-$1.59M	-$2.11M
Free Cash Flow	-$2.30M	-$3.78M	$2.45M	$15.93M	$7.57M
Depreciation & Amortisation	$3.67M	$3.42M	$3.31M	$3.86M	$3.37M
Stock-Based Compensation	$6.06M	$6.37M	$9.36M	$11.62M	$10.89M
Investing Cash Flow	-$2.43M	-$1.95M	-$2.89M	-$1.50M	-$1.37M
Financing Cash Flow	$18.77M	-$279.00K	$33.00K	$1.59M	$191.24M
Net Change in Cash	$16.31M	-$3.61M	$2.36M	$17.61M	$199.55M

Market Snapshot

About

nLIGHT, Inc. is a leading provider of high-power semiconductor and fiber lasers for industrial, microfabrication, aerospace, and defense applications. The company designs and manufactures laser components, modules, and systems that enable precision material processing, additive manufacturing, and directed energy applications. nLIGHT's technology serves customers across cutting, welding, drilling, and advanced manufacturing markets. The company focuses on innovation in laser performance, efficiency, and reliability to support the growing adoption of laser-based manufacturing and defense solutions.