Nlight, Inc.
LASR Nasdaq· Semiconductors & Related Devices
Last close · Oct 26, 2026
$36.71
KIRA · Stoqly’s AI analyst, in plain words
- Nlight, Inc. had $261M of revenue in fiscal 2025, up 31.6% on the year before. Over five years, revenue changed +3.2% a year on average.
- Its operating margin was −10.2%, up 22.9 pts: of every 100 in sales, about −10 is left after running the business.
- Nlight, Inc. lost $23.5M in fiscal 2025.
- Free cash flow was $12.3M in fiscal 2025, 4.7% of revenue.
Market cap
$2.1B
P/E
—
Revenue
$261M
Net income
−$23.5M
Free cash flow
$12.3M
Operating margin
−10.2%
Nlight, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+31.6%
Yes. Sales grew 31.6% last year.
Does it make a profit?
−9.0%
No. It lost money last year.
Does profit turn into cash?
4.7%
Partly. 4.7% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Nlight, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- NLIGHT, INC.
- CIK
- 0001124796
Nlight, Inc. · LASR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $270M | $242M | $210M | $199M | $261M |
| Revenue growth | 21.3% | −10.4% | −13.3% | −5.4% | 31.6% |
| Gross margin | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% |
| Operating margin | −11.2% | −22.8% | −22.3% | −33.1% | −10.2% |
| Net income | −$29.7M | −$54.6M | −$41.7M | −$60.8M | −$23.5M |
| Net margin | −11.0% | −22.5% | −19.9% | −30.6% | −9.0% |
| Diluted EPS | −$0.70 | −$1.23 | −$0.90 | −$1.27 | −$0.47 |
| Cash | |||||
| Cash from operations | −$7.4M | −$14.5M | $10.1M | −$2.4M | $21.3M |
| Capital expenditure | $19.3M | $21.4M | $5.3M | $7.9M | $9.0M |
| Free cash flow | −$26.8M | −$35.9M | $4.8M | −$10.3M | $12.3M |
| FCF margin | −9.9% | −14.8% | 2.3% | −5.2% | 4.7% |
| Share count change | 9.8% | 5.4% | 3.7% | 4.0% | 4.3% |
| Debt and strength | |||||
| Cash and short-term investments | $147M | $108M | $113M | $101M | $134M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $302M | $271M | $254M | $216M | $227M |
| Current ratio | 6.1x | 6.7x | 6.7x | 5.7x | 3.8x |
| Interest coverage | — | — | −698.0x | −625.1x | −24.5x |
| Returns and quality | |||||
| Return on capital | −15.3% | — | — | — | — |
| Return on equity | −11.4% | −19.1% | −15.9% | −25.8% | −10.6% |
| Return on tangible equity | −10.5% | −21.5% | −17.3% | −29.9% | −11.0% |
| Piotroski F-score | 4 | 3 | 5 | 2 | 5 |
| Altman Z'' | 6.5 | 5.5 | 5.3 | 2.5 | 2.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$71.8M
6 insiders
Of sales under plans
85%
$61.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Nlight, Inc. · LASR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $36.71 a share, the company is worth $2.1B.
Source: SEC EDGAR XBRL filings (CIK 0001124796). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.