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Financials · LASR

nLIGHT Inc. (LASR) financials

For the twelve months ended Sep 30, 2026, nLIGHT Inc. reported $317.72M of revenue and -$12.78M of net income.

Revenue, TTM
$317.72M
Revenue growth, YoY
+39.6%
Net income, TTM
-$12.78M
Net margin
-4.0%
Free cash flow, TTM
$21.80M
EPS, diluted, TTM
-$0.23
Cash
$279.37M
P/S
6.90
Market cap
$2.19B
Annual revenue$261.33M
FY2016FY2025
Annual net income-$23.47M
FY2016FY2025
Annual free cash flow$12.30M
FY2016FY2025

LASR revenue and earnings growth

LASR revenueQ3 2026$73.76M

Quarter YoY
+10.5%
QoQ
-10.7%
FY YoY
+31.6%
5Y CAGR
+3.2%

LASR revenue was $73.76M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.5% from a year earlier and down 10.7% from the prior quarter. For the full fiscal 2025 it was $261.33M, up 31.6% from fiscal 2024. Compound annual growth was +3.2% over 5 years. It rose in 5 of the last 9 fiscal years.

LASR net incomeQ3 2026-$7.18M

LASR net income was -$7.18M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$6.87M a year earlier. For the full fiscal 2025 it was -$23.47M, compared with -$60.79M in fiscal 2024.

LASR EPSQ3 2026-$0.12

LASR diluted EPS was -$0.12 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.14 a year earlier. For the full fiscal 2025 it was -$0.47, compared with -$1.27 in fiscal 2024.

LASR free cash flowQ3 2026-$17.58M

LASR free cash flow was -$17.58M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $2.45M a year earlier. For the full fiscal 2025 it was $12.30M, compared with -$10.29M in fiscal 2024. Fiscal 2025 is the highest of the 10 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$261.33M$198.55M$209.92M$242.06M$270.15M$222.79M$176.62M$191.36M$138.58M$101.33M
Cost of revenue$183.37M$165.53M$163.81M$191.24M$192.84M$163.43M$124.28M$124.40M$94.31M$78.16M
Gross profit$77.96M$33.02M$46.11M$50.82M$77.31M$59.36M$52.34M$66.96M$44.27M$23.17M
Research and development$47.97M$45.11M$46.16M$53.77M$54.81M$41.16M$28.14M$21.05M$15.12M$15.24M
Selling, general and admin$54.19M$49.26M$45.90M$48.26M$52.71M$39.25M$34.11M$28.84M$19.35M$17.27M
Operating income-$26.55M-$65.64M-$46.77M-$55.10M-$30.22M-$21.05M-$9.91M$17.06M$9.80M-$9.34M
Interest expense$1.08M$105.0K$67.0K-------
Pre-tax income-$22.77M-$60.87M-$42.65M-$54.23M-$30.04M-$20.59M-$6.76M$17.54M$6.70M-$12.32M
Income tax$699.0K-$76.0K-$978.0K$344.0K-$375.0K$340.0K$6.12M$3.60M$4.86M$1.88M
Net income-$23.47M-$60.79M-$41.67M-$54.58M-$29.67M-$20.93M-$12.88M$13.94M$1.84M-$14.20M
EPS, basic-$0.47-$1.27-$0.90-$1.23-$0.70-$0.55-$0.35$0.38$0.00-$5.68
EPS, diluted-$0.47-$1.27-$0.90-$1.23-$0.70-$0.55-$0.35$0.32$0.00-$5.68
Diluted shares50.0M47.9M46.1M44.4M42.1M38.4M37.1M30.0M2.7M2.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$98.70M$66.09M$53.21M$58.08M$146.78M$102.57M$117.29M$149.52M$36.69M$13.50M
Receivables$50.84M$34.90M$39.59M$37.91M$41.57M$31.82M$27.13M$26.53M$13.35M-
Inventory$45.41M$40.80M$52.16M$67.60M$73.75M$54.71M$46.13M$35.33M$29.57M-
Current assets$243.19M$194.09M$220.55M$230.76M$277.20M$200.57M$198.59M$218.62M$84.58M-
Goodwill$12.45M$12.35M$12.40M$12.38M$12.42M$12.48M$9.87M$1.39M$1.39M-
Total assets$315.21M$270.24M$306.80M$329.23M$373.62M$283.64M$249.97M$250.13M$110.15M-
Current liabilities$64.21M$34.23M$32.75M$34.49M$45.77M$41.36M$25.04M$23.59M$28.89M-
Short-term debt----$0$184.0K$51.0K$91.0K$2.36M-
Long-term debt----$0$215.0K$0$18.0K$15.11M-
Total debt----$0$399.0K$51.0K$109.0K$17.47M-
Total liabilities$88.46M$53.81M$52.38M$58.39M$71.48M$63.73M$33.36M$32.35M$48.87M-
Shareholders' equity$226.75M$216.43M$254.42M$270.85M$302.13M$219.91M$216.61M$217.78M$61.28M$29.69M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$21.33M-$2.36M$10.09M-$14.54M-$7.44M$13.04M-$4.24M$3.38M$3.41M$5.96M
Capital expenditures$9.03M$7.93M$5.34M$21.39M$19.32M$23.42M$12.40M$10.58M$5.48M$4.06M
Free cash flow$12.30M-$10.29M$4.75M-$35.93M-$26.76M-$10.38M-$16.64M-$7.21M-$2.07M$1.90M
Investing cash flow-$8.77M$16.69M-$14.10M-$72.38M-$21.85M-$24.54M-$30.40M-$11.68M-$5.48M-$4.03M
Financing cash flow$20.11M-$1.30M-$859.0K-$1.31M$73.74M-$3.77M$2.45M$121.30M$24.42M$3.64M
Stock-based compensation$33.41M$24.96M$25.83M$26.76M$37.72M$25.46M$9.73M$4.80M$369.0K$308.0K
Depreciation and amortization-------$8.29M$7.92M$8.10M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY31.6%-5.4%-13.3%-10.4%21.3%26.1%-7.7%38.1%36.8%-
Net income growth, YoY-------658.7%--
Gross margin29.8%16.6%22.0%21.0%28.6%26.6%29.6%35.0%31.9%22.9%
Operating margin-10.2%-33.1%-22.3%-22.8%-11.2%-9.4%-5.6%8.9%7.1%-9.2%
Net margin-9.0%-30.6%-19.9%-22.5%-11.0%-9.4%-7.3%7.3%1.3%-14.0%
Free cash flow margin4.7%-5.2%2.3%-14.8%-9.9%-4.7%-9.4%-3.8%-1.5%1.9%
Return on equity-10.3%-28.1%-16.4%-20.2%-9.8%-9.5%-5.9%6.4%3.0%-47.8%
Return on assets-7.4%-22.5%-13.6%-16.6%-7.9%-7.4%-5.2%5.6%1.7%-
Current ratio3.795.676.736.696.064.857.939.272.93-
Debt to equity----0.000.000.000.000.29-

Source: XBRL data nLIGHT Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LASR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LASR$317.72M+39.6%-$12.78M-4.0%$2.19B
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B

LASR FAQ

9 questions
  • What is LASR revenue?
    nLIGHT Inc. (LASR) reported $317.72M of revenue for the twelve months ended Sep 30, 2026. That is up 39.6% from the year before. Revenue for fiscal 2025 was $261.33M.
  • Is LASR profitable?
    No. nLIGHT Inc. reported a net loss of $12.78M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does LASR have?
    nLIGHT Inc. reported $279.37M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is LASR revenue growing?
    nLIGHT Inc.'s revenue changed +31.6% in fiscal 2025, to $261.33M. Its compound annual growth rate was +3.2% over 5 years.
  • What is LASR gross margin?
    nLIGHT Inc.'s gross profit was $101.62M on $317.72M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 32.0%.
  • What is LASR free cash flow?
    nLIGHT Inc. generated $21.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $34.80M less capital expenditures.
  • What is LASR earnings per share?
    Diluted earnings per share were -$0.23 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LASR last report financial results?
    The latest statements here come from nLIGHT Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this LASR financial data come from?
    Quantisnow builds these statements from the structured XBRL data nLIGHT Inc. files with the SEC. It is provided for information only and is not investment advice.