NLIGHT, INC.

Listed Company

LASRCIK 0001124796NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$261.33M

Net Income

$-23.47M

Total Assets

$315.21M

Equity

$226.75M

Shares Out

55.79M

Op. Cash Flow

$21.33M

Business

NLIGHT, INC. designs, manufactures, and sells high‑power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. Its main products include high‑power semiconductor lasers, programmable and serviceable fiber lasers, high‑performance fiber amplifiers, high energy pulsed fiber lasers, beam combination and control systems, and laser sensing solutions. The business operates through two reportable segments: Laser Products (semiconductor lasers, fiber lasers, and amplifiers) and Advanced Development (directed energy and laser sensing research and prototyping). NLIGHT distributes globally via direct sales, certified distributors, and independent representatives across the United States, Asia, Europe, the Middle East, Australia, and South America.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	261	199	210	242	270
Total cost of revenue	183	166	164	191	193
Gross profit	78	33	46	51	77
Research and development	48	45	46	54	55
Sales, general, and administrative	54	49	46	48	53
Restructuring	2	4	817,000	4	0
Total operating expenses	105	99	93	106	108
Loss from operations	−27	−66	−47	−55	−30
Interest income	5	2	1	—	—
Interest expense	−1	−105,000	−67,000	—	—
Other (expense) income, net	−40,000	3	3	338,000	336,000
Loss before income taxes	−23	−61	−43	−54	−30
Income tax expense (benefit)	699,000	−76,000	−978,000	344,000	−375,000
Net loss	−23	−61	−42	−55	−30
Net loss per share, basic (in dollars per share)	−0.47	−1.27	−0.9	−1.23	−0.7
Net loss per share, diluted (in dollars per share)	−0.47	−1.27	−0.9	−1.23	−0.7
Shares used in per share calculations, basic (in shares)	50	48	46	44	42
Shares used in per share calculations, diluted (in shares)	50	48	46	44	42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	99	66	53	58	147
Marketable securities	35	35	60	50	0
Accounts receivable, net of allowances of $520 and $1,800	51	35	40	38	42
Inventory	45	41	52	68	74
Prepaid expenses and other current assets	13	18	16	17	15
Total current assets	243	194	221	231	277
Restricted cash	322,000	259,000	256,000	252,000	250,000
Lease right-of-use assets	15	11	13	14	17
Property, plant and equipment, net	42	47	52	61	56
Intangible assets, net	0	833,000	2	4	7
Goodwill	12	12	12	12	12
Other assets, net	2	5	7	7	4
Total assets	315	270	307	329	374
Accounts payable	21	15	12	18	26
Accrued liabilities	19	13	13	13	15
Deferred revenues	1	4	5	1	2
Current portion of lease liabilities	3	2	3	3	3
Line of credit	20	0	—	—	—
Total current liabilities	64	34	33	34	46
Non-current income taxes payable	6	6	5	7	7
Long-term lease liabilities	13	10	11	13	15
Other long-term liabilities	5	4	3	4	4
Total liabilities	88	54	52	58	71
Common stock - $0.0001 par value; 190,000 shares authorized, 51,163 and 48,948 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	16,000	16,000	16,000	16,000	15,000
Additional paid-in capital	578	545	521	496	471
Accumulated other comprehensive loss	−3	−3	−2	−3	−587,000
Accumulated deficit	−349	−325	−264	−223	−168
Total stockholders equity	227	216	254	271	302
Total liabilities and stockholders equity	315	270	307	329	374

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	12	13	12	11	9
Amortization	2	5	4	5	6
(Increase) reduction in carrying amount of right-of-use assets	−4	2	1	3	3
(Recoveries of) provision for losses on accounts receivable	−1	1	27,000	4,000	−70,000
Stock-based compensation	33	25	26	27	38
Deferred income taxes	159,000	−651,000	7,000	4,000	37,000
Loss on disposal of property, plant and equipment	160,000	194,000	542,000	51,000	16,000
Accrued interest earned on marketable securities	−500,000	0	0	—	—
Non-cash restructuring charges	1	1	0	3	0
Accounts receivable, net	−15	3	−2	3	−10
Inventory	−4	11	15	5	−19
Prepaid expenses and other current assets	4	−2	1	−2	−4
Other assets, net	1	−1	−1	−5	−570,000
Accounts payable	6	3	−5	−6	3
Accrued and other long-term liabilities	6	706,000	−1	−577,000	−199,000
Deferred revenues	−2	−1	3	−208,000	−909,000
Lease liabilities	4	−2	−1	−2	−3
Non-current income taxes payable	277,000	204,000	−1	−13,000	−507,000
Net cash provided by (used in) operating activities	21	−2	10	−15	−7
Proceeds from sale of fixed assets	542,000	0	0	—	—
Purchases of property, plant and equipment	−9	−8	−5	−21	−19
Purchase of marketable securities	−79	−89	−128	−100	0
Proceeds from maturities and sales of marketable securities	78	113	119	50	0
Net cash (used in) provided by investing activities	−9	17	−14	−72	−22
Proceeds from line of credit	20	0	0	—	—
Proceeds from employee stock plan purchases	3	3	2	2	2
Proceeds from stock option exercises	300,000	500,000	600,000	1	1
Tax payments related to stock award issuances	−3	−5	−4	−5	−11
Net cash provided by (used in) financing activities	20	−1	−859,000	−1	74
Effect of exchange rate changes on cash	264,000	−406,000	256,000	−477,000	−235,000
Net increase (decrease) in cash and cash equivalents and restricted cash	33	13	−5	−89	44
Cash paid for interest	1	61,000	40,000	0	117,000
Operating cash outflows from operating leases	3	4	4	4	4
Right-of-use assets obtained in exchange for lease liabilities	7	1	2	1	8
Accrued purchases of property, equipment and patents	409,000	298,000	745,000	207,000	3

Filings

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