Companies / LASR 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.
Ticker LASR Exchange Nasdaq Sector Technology Industry Semiconductors Market cap $2.21B 52-week range $28.05 - $86.95 Valuation Share price $38.02 (close of Nov 6, 2026) P/E (TTM) -165.30x Price to book 4.99x Price to free cash flow 101.54x Enterprise value $1.95B Book value per share $7.61 Price performance Period Change 1 day +29.58% 5 days +2.40% 1 month -5.02% 3 months -49.60% 6 months -46.67% Year to date +1.36% 1 year +27.63% 3 years +308.82% 5 years +28.10% All time +41.08%
Short interest As of Oct 15, 2026 Short % of float 5.25% Shares short 2.96M Days to cover 2.94 Change since prior report +8.28% Source FINRA consolidated short interest Profitability and growth Return on equity -10.35% Return on invested capital -10.10% Return on assets -7.44% Return on capital employed -10.58% Gross margin 29.83% Net margin -8.98% EBITDA margin -5.12% Revenue growth 31.62% Cash flow and balance sheet Free cash flow yield (TTM) 0.98% Current ratio 7.71x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $261.33M Cost of revenue $183.37M Gross profit $77.96M EBITDA -$13.39M Net income -$23.47M Earnings per share $-0.47 Research and development $47.97M Interest expense $1.08M 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% -10.10% 2024-12-31 16.63% -30.62% -28.09% -28.68% 2023-12-31 21.97% -19.85% -16.38% -17.05% 2022-12-31 21.00% -22.55% -20.15% -19.24% 2021-12-31 28.62% -10.98% -9.82% -9.33% 2020-12-31 26.65% -9.40% -9.52% -9.03% 2019-12-31 29.63% -7.29% -5.95% -4.41% 2018-12-31 34.99% 7.28% 6.40% 6.18% 2017-12-31 31.95% 1.33% 3.00% 6.27% 2016-12-31 22.86% -14.02% -47.83% -
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 2016-12-31 $13.50M $18.38M
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 Past earnings dates Reported Fiscal period EPS estimate 2026-11-05 Sep 2026 -$0.12 2026-08-06 Jun 2026 -$0.03 2026-05-07 Mar 2026 -$0.10 2026-02-26 Dec 2025 -$0.02 2025-11-06 Sep 2025 -$0.11 2025-08-07 Jun 2025 -$0.22 2025-05-08 Mar 2025 -$0.30 2025-02-27 Dec 2024 -$0.36
Filings and sources Company website nlight.net SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies NVIDIA Corp (NVDA) · Broadcom Inc. (AVGO) · Micron Technology Inc (MU) · Advanced Micro Devices Inc (AMD) · Intel Corp (INTC) · Texas Instruments Inc (TXN) · Arm Holdings plc (ARM) · Marvell Technology, Inc. (MRVL)
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