NLIGHT, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:25:45Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 12.30M | -10.29M | 4.75M | -35.93M | -26.76M | -10.38M |
| EBITDA | -13.39M | -51.83M | -31.95M | -41.14M | -17.15M | -9.53M |
| Working Capital | 178.98M | 159.85M | 187.80M | 196.26M | 231.43M | 159.21M |
| Net Debt | -82.49M | -53.70M | -39.05M | -42.22M | -128.86M | -89.23M |
| Gross Margin | 29.83% | 16.63% | 21.97% | 21.00% | 28.62% | 26.65% |
| Operating Margin | -10.16% | -33.06% | -22.28% | -22.76% | -11.19% | -9.45% |
| Net Margin | -8.98% | -30.62% | -19.85% | -22.55% | -10.98% | -9.40% |
| Return on Equity (ROE) | -10.35% | -28.09% | -16.38% | -20.15% | -9.82% | -9.52% |
| Return on Assets (ROA) | -7.44% | -22.50% | -13.58% | -16.58% | -7.94% | -7.38% |
| Current Ratio | 3.79× | 5.67× | 6.73× | 6.69× | 6.06× | 4.85× |
| Debt-to-Equity | 0.07× | 0.06× | 0.06× | 0.06× | 0.06× | 0.06× |
| Effective Tax Rate | -3.07% | 0.12% | 2.29% | -0.63% | 1.25% | -1.65% |
| Cash Conversion Ratio | -0.91× | 0.04× | -0.24× | 0.27× | 0.25× | -0.62× |
| Accruals Ratio | -0.14× | -0.22× | -0.17× | -0.12× | -0.06× | -0.12× |
| SBC % of Revenue | 12.79% | 12.57% | 12.31% | 11.05% | 13.96% | 11.43% |
| CapEx Coverage | 2.36× | -0.30× | 1.89× | -0.68× | -0.39× | 0.56× |
| Free Cash Flow Per Share | $0.25 | $-0.21 | $0.10 | $-0.81 | $-0.64 | $-0.27 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 261.33M | 198.55M | 209.92M | 242.06M | 270.15M | 222.79M |
| Cost of Revenue | 183.37M | 165.53M | 163.81M | 191.24M | 192.84M | 163.43M |
| Gross Profit | 77.96M | 33.02M | 46.11M | 50.82M | 77.31M | 59.36M |
| Research and Development Expense | 47.97M | 45.11M | 46.16M | 53.77M | 54.81M | 41.16M |
| Selling, General and Administrative Expense | 54.19M | 49.26M | 45.90M | 48.26M | 52.71M | 39.25M |
| Operating Expenses | 104.51M | 98.66M | 92.88M | 105.92M | 107.52M | 80.41M |
| Operating Income (Loss) | -26.55M | -65.64M | -46.77M | -55.10M | -30.22M | -21.05M |
| Income Tax Expense (Benefit) | 699.00K | -76.00K | -978.00K | 344.00K | -375.00K | 340.00K |
| Net Income (Loss) Attributable to Parent | -23.47M | -60.79M | -41.67M | -54.58M | -29.67M | -20.93M |
| Earnings Per Share, Basic | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 | $-0.55 |
| Weighted Average Number of Shares Outstanding, Basic | 49.98M | 47.90M | 46.08M | 44.44M | 42.14M | 38.37M |
| Earnings Per Share, Diluted | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 | $-0.55 |
| Weighted Average Number of Shares Outstanding, Diluted | 49.98M | 47.90M | 46.08M | 44.44M | 42.14M | 38.37M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 98.70M | 65.83M | 53.21M | 57.83M | 146.53M | 102.28M |
| Assets, Current | 243.19M | 194.09M | 220.55M | 230.76M | 277.20M | 200.57M |
| Assets | 315.21M | 270.24M | 306.80M | 329.23M | 373.62M | 283.64M |
| Liabilities, Current | 64.21M | 34.23M | 32.75M | 34.49M | 45.77M | 41.36M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 0 | 215.00K |
| Liabilities | 88.46M | 53.81M | 52.38M | 58.39M | 71.48M | 63.73M |
| Stockholders' Equity Attributable to Parent | 226.75M | 216.43M | 254.42M | 270.85M | 302.13M | 219.91M |
| Common Stock, Shares, Outstanding | 51.16M | 48.95M | 47.27M | 45.63M | 44.25M | 39.79M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 21.33M | -2.36M | 10.09M | -14.54M | -7.44M | 13.04M |
| Payments to Acquire Property, Plant, and Equipment | 9.03M | 7.93M | 5.34M | 21.39M | 19.32M | 23.42M |
| Net Cash Provided by (Used in) Investing Activities | -8.77M | 16.69M | -14.10M | -72.38M | -21.85M | -24.54M |
| Net Cash Provided by (Used in) Financing Activities | 20.11M | -1.30M | -859.00K | -1.31M | 73.74M | -3.77M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 7.57M | 15.93M | -3.63M | -6.08M | -2.30M | -6.51M |
| EBITDA | 2.44M | -1.79M | — | — | -6.29M | -22.65M |
| Working Capital | 383.02M | 178.98M | 187.85M | 183.30M | 178.61M | 159.85M |
| Net Debt | -282.63M | -82.49M | -69.80M | -66.81M | -69.57M | -53.70M |
| Gross Margin | 33.07% | 30.74% | 31.09% | 29.90% | 26.71% | 2.39% |
| Operating Margin | -0.90% | -6.66% | -10.94% | -6.86% | -18.60% | -55.78% |
| Net Margin | 0.80% | -6.05% | -10.30% | -5.82% | -15.66% | -52.68% |
| Return on Equity (ROE) | 0.15% | -2.16% | -3.15% | -1.66% | -3.80% | -11.53% |
| Return on Assets (ROA) | 0.13% | -1.56% | -2.30% | -1.22% | -2.79% | -9.24% |
| Current Ratio | 7.07× | 3.79× | 5.63× | 5.63× | 5.81× | 5.67× |
| Debt-to-Equity | 0.04× | 0.07× | 0.05× | 0.06× | 0.06× | 0.06× |
| Effective Tax Rate | 7.59% | -5.87% | -4.14% | -0.48% | -1.72% | 2.35% |
| Cash Conversion Ratio | 15.01× | -3.57× | -0.55× | 0.39× | 0.00× | 0.16× |
| Accruals Ratio | -0.02× | -0.07× | -0.04× | -0.01× | -0.03× | -0.08× |
| SBC % of Revenue | 13.58% | 14.32% | 32.65% | 20.13% | 11.72% | 12.66% |
| CapEx Coverage | 4.58× | 11.03× | 0.51× | -0.30× | -0.01× | -1.48× |
| Free Cash Flow Per Share | $0.13 | $0.32 | $-0.07 | $-0.12 | $-0.05 | $-0.14 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 80.18M | 81.19M | 66.74M | 61.73M | 51.67M | 47.38M |
| Cost of Revenue | 53.67M | 56.23M | 45.99M | 43.28M | 37.87M | 46.25M |
| Gross Profit | 26.51M | 24.95M | 20.75M | 18.46M | 13.80M | 1.13M |
| Research and Development Expense | 11.85M | 14.05M | 11.53M | 11.01M | 11.37M | 11.38M |
| Selling, General and Administrative Expense | 15.09M | 15.69M | 14.79M | 11.68M | 12.04M | 11.88M |
| Operating Expenses | 27.23M | 30.36M | 28.05M | 22.69M | 23.41M | 27.56M |
| Operating Income (Loss) | -719.00K | -5.41M | -7.30M | -4.24M | -9.61M | -26.43M |
| Income Tax Expense (Benefit) | 53.00K | 272.00K | 273.00K | 17.00K | 137.00K | -601.00K |
| Net Income (Loss) Attributable to Parent | 645.00K | -4.91M | -6.87M | -3.59M | -8.09M | -24.96M |
| Earnings Per Share, Basic | $0.01 | $-0.10 | $-0.14 | $-0.07 | $-0.16 | $-0.52 |
| Weighted Average Number of Shares Outstanding, Basic | 54.12M | 49.98M | 50.29M | 49.58M | 49.09M | 47.90M |
| Earnings Per Share, Diluted | $0.01 | $-0.10 | $-0.14 | $-0.07 | $-0.16 | $-0.52 |
| Weighted Average Number of Shares Outstanding, Diluted | 59.98M | 49.98M | 50.29M | 49.58M | 49.09M | 47.90M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 298.21M | 98.70M | 81.11M | 78.81M | 82.20M | 65.83M |
| Assets, Current | 446.06M | 243.19M | 228.39M | 222.86M | 215.77M | 194.09M |
| Assets | 515.70M | 315.21M | 298.69M | 295.25M | 290.00M | 270.24M |
| Liabilities, Current | 63.05M | 64.21M | 40.54M | 39.56M | 37.16M | 34.23M |
| Liabilities | 86.46M | 88.46M | 80.20M | 79.25M | 77.24M | 53.81M |
| Stockholders' Equity Attributable to Parent | 429.24M | 226.75M | 218.49M | 216.00M | 212.76M | 216.43M |
| Common Stock, Shares, Outstanding | 56.41M | 51.16M | 50.78M | 49.88M | 49.44M | 48.95M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 9.68M | 17.52M | 3.81M | -1.41M | -20.00K | -3.89M |
| Payments to Acquire Property, Plant, and Equipment | 2.11M | 1.59M | 7.44M | 4.67M | 2.28M | 2.62M |
| Net Cash Provided by (Used in) Investing Activities | -1.37M | -1.50M | -7.27M | -4.38M | -2.43M | 27.61M |
| Net Cash Provided by (Used in) Financing Activities | 191.24M | 1.59M | 18.52M | 18.49M | 18.77M | 1.07M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LASR CIK 0001124796),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.