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MARKETS / NASDAQ / LASR
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Nlight, Inc. LASR

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$261.3M
▲ 31.6% YoY
$-23.5M
$12.3M
In brief

What this company does

The company designs, manufactures, and sells a range of high-power semiconductor lasers and fiber lasers that are typically integrated into laser systems or manufacturing tools built by its customers. It operates in two reportable segments: the Laser Products segment and the Advanced Development segment. The company sells to and supports over 300 customers worldwide, and its top ten customers accounted for approximately 75%, 72% and 66% of its revenues in 2025, 2024 and 2023, respectively. As of December 31, 2025, it had over 800 full-time employees worldwide, of whom approximately 700 were based in the United States. Its primary manufacturing facilities are located in Camas, Washington; Vancouver, Washington; Hillsboro, Oregon; Longmont, Colorado; and Lohja, Finland. It was incorporated under the name nLight Corporation in Washington in June 2000, reincorporated in Delaware under the name nLight Photonics Corporation in August 2000, and changed its name to nLIGHT, Inc. in January 2016.

Written from the business description in NLIGHT, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 261.3M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 261.3 · Net income -23.5
100.0M200.0M-25.0M-50.0M2016201720182019202020212022202320242025
Compound annual growth
+2.6%
+3.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−9 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10.2% · Net -9.0%
5%-10%-20%-30%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -10.6%
5%-20%-40%2016201720182019202020212022202320242025

Each USD of equity lost 11 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 12.3
5M10M-20M2016201720182019202020212022202320242025

Total assetsUSD 315.2M
EquityUSD 226.7M
CashUSD 98.7M
Current ratio3.79×

Equity funds 72% of total assets.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.30.20.20.20.30.20.20.20.10.1
Operating income $B−0.0−0.1−0.0−0.1−0.0−0.0−0.00.00.0−0.0
EBITDA $B−0.0−0.1−0.0−0.0−0.0−0.0−0.00.00.0−0.0
Income tax $B0.0−0.0−0.00.0−0.00.00.00.00.00.0
Net income $B−0.0−0.1−0.0−0.1−0.0−0.0−0.00.00.0−0.0
Free cash flow $B0.0−0.00.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EPS, diluted $−0.47−1.27−0.90−1.23−0.70−0.55−0.350.320.00−5.68
Dividend / sh $··········
Payout %··········
ROE %−10.6−25.8−15.9−19.1−11.4−9.6−5.910.04.0−47.8
Shares out B0.050.050.050.050.040.040.040.040.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2016

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