Nlight, Inc.
LASR- Exchange
- Nasdaq
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0001124796
In the last 90 days, Nlight, Inc. insiders filed 0 open-market purchases and 8 sales; 364 institutions reported holding it in 13F filings for Q2 2026, worth $3.60B in total; Maverick Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:40 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $23.5M (9.0% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 14, 2025 | – | Feb 23, 2023 | Feb 17, 2022 |
| Revenue | $261.3M | $198.5M | $209.9M | $242.1M | $270.1M |
| Cost of revenue | $183.4M | $165.5M | $163.8M | $191.2M | $192.8M |
| Gross profit | $78.0M | $33.0M | $46.1M | $50.8M | $77.3M |
| Operating expenses | $104.5M | $98.7M | $92.9M | $105.9M | $107.5M |
| Research and development | $48.0M | $45.1M | $46.2M | $53.8M | $54.8M |
| Selling, general and administrative | $54.2M | $49.3M | $45.9M | $48.3M | $52.7M |
| Operating income | -$26.6M | -$65.6M | -$46.8M | -$55.1M | -$30.2M |
| Income tax | $699.0K | -$76.0K | -$978.0K | $344.0K | -$375.0K |
| Net income | -$23.5M | -$60.8M | -$41.7M | -$54.6M | -$29.7M |
| EPS, basic | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 |
| EPS, diluted | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 |
| Weighted shares, basic | 50.0M | 47.9M | 46.1M | 44.4M | 42.1M |
| Weighted shares, diluted | 50.0M | 47.9M | 46.1M | 44.4M | 42.1M |
| Margins and growth | |||||
| Gross margin | 29.8% | 16.6% | 22.0% | 21.0% | 28.6% |
| Operating margin | -10.2% | -33.1% | -22.3% | -22.8% | -11.2% |
| Net margin | -9.0% | -30.6% | -19.9% | -22.5% | -11.0% |
| Revenue growth, year over year | +31.6% | −5.4% | −13.3% | −10.4% | +21.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 14, 2025 | – | Feb 23, 2023 | Feb 17, 2022 |
| Cash and equivalents | $98.7M | $65.8M | $53.2M | $57.8M | $146.5M |
| Accounts receivable | $50.8M | $34.9M | $39.6M | $37.9M | $41.6M |
| Inventory | $45.4M | $40.8M | $52.2M | $67.6M | $73.7M |
| Total current assets | $243.2M | $194.1M | $220.6M | $230.8M | $277.2M |
| Property, plant and equipment | $42.1M | $46.9M | $52.3M | $60.7M | $56.1M |
| Goodwill | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M |
| Intangible assets | $0 | $833.0K | $1.65M | $4.04M | $6.70M |
| Total assets | $315.2M | $270.2M | $306.8M | $329.2M | $373.6M |
| Accounts payable | $20.9M | $15.1M | $12.2M | $17.5M | $26.3M |
| Short-term debt | – | – | – | – | $0 |
| Total current liabilities | $64.2M | $34.2M | $32.8M | $34.5M | $45.8M |
| Long-term debt | – | – | – | – | $0 |
| Total liabilities | $88.5M | $53.8M | $52.4M | $58.4M | $71.5M |
| Shareholders' equity | $226.7M | $216.4M | $254.4M | $270.8M | $302.1M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 14, 2025 | – | Feb 23, 2023 | Feb 17, 2022 |
| Operating cash flow | $21.3M | -$2.36M | $10.1M | -$14.5M | -$7.44M |
| Capital expenditures | $9.03M | $7.93M | $5.34M | $21.4M | $19.3M |
| Free cash flow | $12.3M | -$10.3M | $4.75M | -$35.9M | -$26.8M |
| Stock-based compensation | $33.4M | $25.0M | $25.8M | $26.8M | $37.7M |
| Investing cash flow | -$8.77M | $16.7M | -$14.1M | -$72.4M | -$21.9M |
| Financing cash flow | $20.1M | -$1.30M | -$859.0K | -$1.31M | $73.7M |
| Net change in cash | $32.9M | $12.6M | -$4.61M | -$88.7M | $44.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 12.8% | 12.6% | 12.3% | 11.1% | 14.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.