NASDAQ : LASR
nLIGHT, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 39.01 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.25B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
nLIGHT, Inc. (LASR) reported revenue of 310.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 310.70M | 261.33M | 198.55M | 209.92M | 242.06M | 270.15M |
| Cost of Revenue | 212.75M | 183.37M | 165.53M | 163.81M | 191.24M | 192.84M |
| Gross Profit | 97.94M | 77.96M | 33.02M | 46.11M | 50.82M | 77.31M |
| Selling, General & Admin | 61.73M | 54.19M | 49.26M | 45.90M | 48.26M | 52.71M |
| Research & Development | 50.56M | 47.97M | 45.11M | 46.16M | 53.77M | 54.81M |
| Operating Expenses | 112.29M | 102.17M | 94.36M | 92.06M | 102.03M | 107.52M |
| Operating Income | -14.35M | -24.20M | -61.34M | -45.95M | -51.21M | -30.22M |
| Interest Expense | -1.15M | -1.08M | -105.00K | -67.00K | -163.00K | |
| Interest & Investment Income | 6.15M | 4.91M | 1.77M | 1.41M | 529.00K | |
| Currency Exchange Gain (Loss) | 152.00K | -80.00K | -255.00K | -29.00K | -85.00K | 192.00K |
| Other Non Operating Income (Expenses) | 40.00K | 40.00K | 3.35M | 2.81M | 423.00K | 144.00K |
| EBT Excluding Unusual Items | -9.16M | -20.42M | -56.58M | -41.83M | -50.34M | -30.04M |
| Merger & Restructuring Charges | -2.64M | -2.35M | -4.29M | -817.00K | -3.89M | |
| Pretax Income | -11.80M | -22.77M | -60.87M | -42.65M | -54.23M | -30.04M |
| Income Tax Expense | 673.00K | 699.00K | -76.00K | -978.00K | 344.00K | -375.00K |
| Earnings From Continuing Operations | -23.47M | -60.79M | -41.67M | -54.58M | -29.67M | |
| Net Income | -12.48M | -23.47M | -60.79M | -41.67M | -54.58M | -29.67M |
| Net Income to Common | -12.48M | -23.47M | -60.79M | -41.67M | -54.58M | -29.67M |
| Shares Outstanding (Basic) | 53.09M | 49.98M | 47.90M | 46.08M | 44.44M | 42.14M |
| Shares Outstanding (Diluted) | 53.09M | 49.98M | 47.90M | 46.08M | 44.44M | 42.14M |
| EPS (Basic) | -0.24 | -0.47 | -1.27 | -0.90 | -1.23 | -0.70 |
| EPS (Diluted) | -0.24 | -0.47 | -1.27 | -0.90 | -1.23 | -0.70 |
| Free Cash Flow | 41.83M | 12.30M | -10.29M | 4.75M | -35.93M | -26.76M |
| Free Cash Flow Per Share | 0.79 | 0.25 | -0.21 | 0.10 | -0.81 | -0.64 |
| 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% |
| Profit Margin | -4.02% | -8.98% | -30.62% | -19.85% | -22.55% | -10.98% |
| Free Cash Flow Margin | 13.46% | 4.71% | -5.18% | 2.26% | -14.84% | -9.91% |
| EBITDA | -471.00K | -9.95M | -43.75M | -29.92M | -35.51M | -15.16M |
| EBITDA Margin | -0.15% | -3.81% | -22.03% | -14.25% | -14.67% | -5.61% |
| D&A For EBITDA | 13.88M | 14.26M | 17.60M | 16.03M | 15.70M | 15.06M |
| EBIT | -14.35M | -24.20M | -61.34M | -45.95M | -51.21M | -30.22M |
| EBIT Margin | -4.62% | -9.26% | -30.90% | -21.89% | -21.16% | -11.19% |
| Revenue as Reported | 310.70M | 261.33M | 198.55M | 209.92M | 242.06M | 270.15M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 295.76M | 98.70M | 65.83M | 53.21M | 57.83M | 146.53M |
| Short-Term Investments | 34.69M | 34.93M | 34.87M | 59.67M | 50.39M | |
| Cash & Short-Term Investments | 330.45M | 133.63M | 100.70M | 112.88M | 108.22M | 146.53M |
| Accounts Receivable | 62.63M | 57.02M | 49.41M | 46.88M | 48.29M | 51.23M |
| Receivables | 62.63M | 57.02M | 49.41M | 46.88M | 48.29M | 51.23M |
| Inventory | 48.23M | 45.41M | 40.80M | 52.16M | 67.60M | 73.75M |
| Prepaid Expenses | 6.05M | 7.13M | 3.19M | 8.63M | 6.65M | 3.48M |
| Other Current Assets | 2.21M | |||||
| Total Current Assets | 447.36M | 243.19M | 194.09M | 220.55M | 230.76M | 277.20M |
| Property, Plant & Equipment | 56.26M | 57.13M | 57.76M | 64.92M | 74.59M | 73.15M |
| Goodwill | 12.43M | 12.45M | 12.35M | 12.40M | 12.38M | 12.42M |
| Other Intangible Assets | 833.00K | 1.65M | 4.04M | 6.70M | ||
| Long-Term Deferred Tax Assets | 525.00K | 710.00K | 89.00K | 42.00K | 46.00K | |
| Other Long-Term Assets | 1.55M | 1.91M | 4.50M | 7.19M | 7.43M | 4.10M |
| Total Assets | 517.59M | 315.21M | 270.24M | 306.80M | 329.23M | 373.62M |
| Accounts Payable | 23.95M | 20.89M | 15.08M | 12.17M | 17.51M | 26.35M |
| Accrued Expenses | 14.12M | 15.90M | 10.81M | 9.22M | 10.22M | 12.44M |
| Short-Term Debt | 20.00M | |||||
| Current Portion of Leases | 2.79M | 2.78M | 2.31M | 3.18M | 2.76M | 3.07M |
| Current Unearned Revenue | 10.72M | 1.49M | 3.58M | 4.85M | 1.41M | 1.63M |
| Other Current Liabilities | 3.17M | 3.15M | 2.45M | 3.34M | 2.60M | 2.29M |
| Total Current Liabilities | 54.75M | 64.21M | 34.23M | 32.75M | 34.49M | 45.77M |
| Long-Term Leases | 12.06M | 13.43M | 9.82M | 10.98M | 12.85M | 14.61M |
| Long-Term Unearned Revenue | 4.08M | 3.27M | 1.52M | 1.05M | 729.00K | |
| Other Long-Term Liabilities | 10.88M | 6.75M | 6.49M | 7.13M | 10.00M | 10.37M |
| Total Liabilities | 77.69M | 88.46M | 53.81M | 52.38M | 58.39M | 71.48M |
| Common Stock | 17.00K | 16.00K | 16.00K | 16.00K | 16.00K | 15.00K |
| Additional Paid-In Capital | 792.60M | 578.36M | 544.84M | 521.18M | 496.21M | 470.76M |
| Retained Earnings | -349.26M | -348.56M | -325.10M | -264.30M | -222.63M | -168.06M |
| Comprehensive Income & Other | -3.45M | -3.06M | -3.33M | -2.48M | -2.75M | -587.00K |
| Total Common Equity | 439.90M | 226.75M | 216.43M | 254.42M | 270.85M | 302.13M |
| Shareholders' Equity | 439.90M | 226.75M | 216.43M | 254.42M | 270.85M | 302.13M |
| Total Liabilities & Equity | 517.59M | 315.21M | 270.24M | 306.80M | 329.23M | 373.62M |
| Total Debt | 14.84M | 36.21M | 12.13M | 14.16M | 15.61M | 17.68M |
| Net Cash (Debt) | 315.60M | 97.43M | 88.56M | 98.72M | 92.61M | 128.86M |
| Net Cash Per Share | 5.94 | 1.95 | 1.85 | 2.14 | 2.08 | 3.06 |
| Filing Date Shares Outstanding | 57.69M | 55.79M | 49.03M | 47.29M | 45.70M | 44.34M |
| Total Common Shares Outstanding | 57.66M | 51.16M | 48.95M | 47.27M | 45.63M | 44.25M |
| Working Capital | 392.61M | 178.98M | 159.85M | 187.80M | 196.26M | 231.43M |
| Book Value Per Share | 7.63 | 4.43 | 4.42 | 5.38 | 5.94 | 6.83 |
| Tangible Book Value | 427.48M | 214.30M | 203.24M | 240.37M | 254.43M | 283.01M |
| Tangible Book Value Per Share | 7.41 | 4.19 | 4.15 | 5.09 | 5.58 | 6.40 |
| Land | 3.40M | 3.40M | 3.40M | 3.40M | 3.40M | 3.40M |
| Buildings | 9.39M | 9.39M | 9.39M | 9.39M | 9.39M | 9.39M |
| Machinery | 99.56M | 94.78M | 107.38M | 102.94M | 100.46M | 90.20M |
| Leasehold Improvements | 36.86M | 34.86M | 33.10M | 31.99M | 30.68M | 28.12M |
| Order Backlog | 161.60M | 167.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.48M | -23.47M | -60.79M | -41.67M | -54.58M | -29.67M |
| Depreciation & Amortization | 13.88M | 14.26M | 17.60M | 16.03M | 15.70M | 15.06M |
| Loss (Gain) From Sale of Assets | 109.00K | 160.00K | 194.00K | 542.00K | 51.00K | 16.00K |
| Asset Writedown & Restructuring Costs | 1.48M | 1.43M | 1.19M | 2.76M | ||
| Stock-Based Compensation | 42.83M | 33.41M | 24.96M | 25.83M | 26.76M | 37.72M |
| Provision & Write-off of Bad Debts | -256.00K | -1.11M | 1.49M | 27.00K | 4.00K | -70.00K |
| Other Operating Activities | -3.11M | -4.40M | 1.11M | 1.28M | 3.00M | 3.29M |
| Change in Accounts Receivable | -2.12M | -14.70M | 2.85M | -1.68M | 2.76M | -9.51M |
| Change in Inventory | -176.00K | -4.15M | 11.05M | 14.89M | 4.62M | -18.99M |
| Change in Accounts Payable | 5.42M | 5.89M | 3.23M | -4.50M | -5.90M | 3.46M |
| Change in Unearned Revenue | 8.27M | -2.10M | -1.22M | 3.43M | -208.00K | -909.00K |
| Change in Income Taxes | 111.00K | 277.00K | 204.00K | -1.26M | -13.00K | -507.00K |
| Change in Other Net Operating Assets | -803.00K | 15.85M | -4.20M | -2.83M | -9.49M | -7.33M |
| Operating Cash Flow | 53.15M | 21.33M | -2.36M | 10.09M | -14.54M | -7.44M |
| Capital Expenditures | -11.32M | -9.03M | -7.93M | -5.34M | -21.39M | -19.32M |
| Sale of Property, Plant & Equipment | 99.00K | 542.00K | ||||
| Cash Acquisitions | -664.00K | -291.00K | ||||
| Sale (Purchase) of Intangibles | -332.00K | -2.25M | ||||
| Investment in Securities | 616.00K | -281.00K | 24.62M | -8.76M | -50.00M | |
| Investing Cash Flow | -10.61M | -8.77M | 16.69M | -14.10M | -72.38M | -21.85M |
| Short-Term Debt Issued | 20.00M | |||||
| Total Debt Issued | 20.00M | |||||
| Long-Term Debt Repaid | -428.00K | |||||
| Net Debt Issued (Repaid) | -20.00M | 20.00M | -428.00K | |||
| Issuance of Common Stock | 195.71M | 3.18M | 3.22M | 3.11M | 3.56M | 85.10M |
| Repurchase of Common Stock | -195.00K | -3.07M | -4.52M | -3.97M | -4.86M | -10.61M |
| Other Financing Activities | -919.00K | -326.00K | ||||
| Financing Cash Flow | 174.59M | 20.11M | -1.30M | -859.00K | -1.31M | 73.74M |
| Foreign Exchange Rate Adjustments | -129.00K | 264.00K | -406.00K | 256.00K | -477.00K | -235.00K |
| Net Cash Flow | 217.01M | 32.93M | 12.62M | -4.61M | -88.71M | 44.21M |
| Free Cash Flow | 41.83M | 12.30M | -10.29M | 4.75M | -35.93M | -26.76M |
| Free Cash Flow Margin | 13.46% | 4.71% | -5.18% | 2.26% | -14.84% | -9.91% |
| Free Cash Flow Per Share | 0.79 | 0.25 | -0.21 | 0.10 | -0.81 | -0.64 |
| Levered Free Cash Flow | 42.77M | 16.18M | 12.85M | 20.47M | -14.11M | -16.35M |
| Unlevered Free Cash Flow | 43.49M | 16.85M | 12.91M | 20.51M | -14.11M | -16.25M |
| Cash Interest Paid | 1.07M | 1.07M | 61.00K | 40.00K | 117.00K | |
| Cash Income Tax Paid | 171.00K | 171.00K | 99.00K | 213.00K | 442.00K | 526.00K |
| Change in Working Capital | 10.71M | 1.06M | 11.90M | 8.05M | -8.24M | -33.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.10B | 1.90B | 508.02M | 630.26M | 459.41M | 1.05B |
| Enterprise Value | 1.79B | 1.82B | 413.96M | 533.17M | 363.25M | 904.09M |
| Last Close Price | 37.13 | 37.51 | 10.49 | 13.50 | 10.14 | 23.95 |
| Forward PE | 96.94 | 137.40 | 106.34 | 106.34 | 106.34 | 75.67 |
| PS Ratio | 6.82 | 7.29 | 2.56 | 3.00 | 1.90 | 3.89 |
| PB Ratio | 4.87 | 8.40 | 2.35 | 2.48 | 1.70 | 3.48 |
| P/TBV Ratio | 4.95 | 8.89 | 2.50 | 2.62 | 1.81 | 3.72 |
| P/FCF Ratio | 50.63 | 154.90 | 132.63 | |||
| P/OCF Ratio | 39.85 | 89.31 | 62.46 | |||
| PEG Ratio | 3.92 | 3.92 | 3.92 | 3.92 | 1.63 | |
| EV/Sales Ratio | 5.80 | 6.97 | 2.08 | 2.54 | 1.50 | 3.35 |
| EV/FCF Ratio | 43.08 | 148.03 | 112.20 | |||
| Debt / Equity Ratio | 0.03 | 0.16 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt / EBITDA Ratio | 3.20 | |||||
| Debt / FCF Ratio | 0.35 | 2.94 | 2.98 | |||
| Net Debt / Equity Ratio | -0.72 | -0.43 | -0.41 | -0.39 | -0.34 | -0.43 |
| Net Debt / EBITDA Ratio | 670.07 | 9.80 | 2.02 | 3.30 | 2.61 | 8.50 |
| Net Debt / FCF Ratio | -7.54 | -7.92 | 8.61 | -20.77 | 2.58 | 4.82 |
| Asset Turnover | 0.76 | 0.89 | 0.69 | 0.66 | 0.69 | 0.82 |
| Inventory Turnover | 4.41 | 4.25 | 3.56 | 2.74 | 2.71 | 3.00 |
| Quick Ratio | 7.18 | 2.97 | 4.38 | 4.88 | 4.54 | 4.32 |
| Current Ratio | 8.17 | 3.79 | 5.67 | 6.73 | 6.69 | 6.06 |
| Return on Equity (ROE) | -3.81% | -10.59% | -25.82% | -15.87% | -19.05% | -11.37% |
| Return on Assets (ROA) | -2.21% | -5.17% | -13.29% | -9.03% | -9.11% | -5.75% |
| Return on Invested Capital (ROIC) | -11.19% | -18.82% | -43.27% | -27.52% | -29.14% | -19.88% |
| Return on Capital Employed (ROCE) | -3.10% | -9.60% | -26.00% | -16.80% | -17.40% | -9.20% |
| Earnings Yield | -0.64% | -1.23% | -11.97% | -6.61% | -11.88% | -2.82% |
| FCF Yield | 1.98% | 0.65% | -2.03% | 0.75% | -7.82% | -2.54% |
| Buyback Yield / Dilution | -8.69% | -4.34% | -3.95% | -3.69% | -5.44% | -9.84% |