nLIGHT, Inc. (LASR)
nLIGHT, Inc. engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through two segments, Laser Products and Advanced Development. The company offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in aerospace and defense and industrial applications. It also provides fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. The company sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through independent sales representatives and distributors in Asia, Australia, Europe, the Middle East, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.
- Symbol
- LASR
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Semiconductors
- Market cap
- $2.38B
- 52 week range
- 27.79 - 86.95
Valuation
- Share price
- $40.98 (close of 2026-09-23)
- P/E (TTM)
- -164.80x
- Price to book
- 5.40x
- Price to free cash flow
- 56.79x
- Enterprise value
- $2.09B
- Book value per share
- $7.63
Price performance
| Period | Change |
|---|
| 1 day | +1.97% |
| 5 days | +8.07% |
| 1 month | -13.53% |
| 3 months | -38.32% |
| 6 months | -41.42% |
| Year to date | +9.25% |
| 1 year | +33.62% |
| 3 years | +299.42% |
| 5 years | +47.94% |
| All time | +52.06% |
Profitability and growth
- Return on equity
- -10.35%
- Return on invested capital
- -16.16%
- Return on assets
- -7.44%
- Return on capital employed
- -10.58%
- Gross margin
- 29.83%
- Net margin
- -8.98%
- EBITDA margin
- -5.44%
- Revenue growth
- 31.62%
- Net income growth
- 61.40%
- Free cash flow growth
- 219.50%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.76%
- Current ratio
- 8.17x
- Net debt to EBITDA
- -87.13x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $261.33M
- Cost of revenue
- $183.37M
- Gross profit
- $77.96M
- EBITDA
- $-14.22M
- Net income
- $-23.47M
- Earnings per share
- $-0.47
- Research and development
- $47.97M
- Shares outstanding
- 49.98M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $261.33M | $77.96M | $-23.47M | $-0.47 |
| 2024-12-31 | $198.55M | $33.02M | $-60.79M | $-1.27 |
| 2023-12-31 | $209.92M | $46.11M | $-41.67M | $-0.90 |
| 2022-12-31 | $242.06M | $50.82M | $-54.58M | $-1.23 |
| 2021-12-31 | $270.15M | $77.31M | $-29.67M | $-0.70 |
| 2020-12-31 | $222.79M | $59.36M | $-20.93M | $-0.55 |
| 2019-12-31 | $176.62M | $52.34M | $-12.88M | $-0.35 |
| 2018-12-31 | $191.36M | $66.96M | $13.94M | $0.38 |
| 2017-12-31 | $138.58M | $44.27M | $1.84M | $0.67 |
| 2016-12-31 | $101.33M | $23.17M | $-14.20M | $-5.68 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 29.83% | -8.98% | -10.35% | -16.16% |
| 2024-12-31 | 16.63% | -30.62% | -28.09% | -40.29% |
| 2023-12-31 | 21.97% | -19.85% | -16.38% | -21.26% |
| 2022-12-31 | 21.00% | -22.55% | -20.15% | -24.10% |
| 2021-12-31 | 28.62% | -10.98% | -9.82% | -17.22% |
| 2020-12-31 | 26.65% | -9.40% | -9.52% | -16.11% |
| 2019-12-31 | 29.63% | -7.29% | -5.95% | -9.23% |
| 2018-12-31 | 34.99% | 7.28% | 6.40% | 19.68% |
| 2017-12-31 | 31.95% | 1.33% | 3.00% | 11.74% |
| 2016-12-31 | 22.86% | -14.02% | -47.83% | -57.67% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $98.70M | - |
| 2024-12-31 | $65.83M | - |
| 2023-12-31 | $53.21M | - |
| 2022-12-31 | $57.83M | - |
| 2021-12-31 | $146.53M | - |
| 2020-12-31 | $102.28M | $215.00K |
| 2019-12-31 | $117.25M | - |
| 2018-12-31 | $149.48M | $18.00K |
| 2017-12-31 | $36.69M | $15.11M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $12.30M | $33.41M |
| 2024-12-31 | $-10.29M | $24.96M |
| 2023-12-31 | $4.75M | $25.83M |
| 2022-12-31 | $-35.93M | $26.76M |
| 2021-12-31 | $-26.76M | $37.72M |
| 2020-12-31 | $-10.38M | $25.46M |
| 2019-12-31 | $-16.64M | $9.73M |
| 2018-12-31 | $-7.21M | $4.80M |
| 2017-12-31 | $-2.07M | $369.00K |
| 2016-12-31 | $1.90M | $308.00K |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-26 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
| 2025-02-27 | - | - |
| 2024-11-07 | - | - |
Filings and sources
- Company website
- nlight.net
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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