nLight (LASR) Financials

$19.96 +0.80 (+4.18%)

Closing price 07/18/2025 04:00 PM Eastern

Extended Trading

$20.00 +0.04 (+0.20%)

As of 07/18/2025 06:44 PM Eastern

Annual Income Statements for nLight

This table shows nLight's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-14	0.00	9.52	-13	-21	-30	-55	-42	-61
Consolidated Net Income / (Loss)	-14	1.84	14	-13	-21	-30	-55	-42	-61
Net Income / (Loss) Continuing Operations	-14	1.84	148	-13	-21	-30	-55	-42	-61
Total Pre-Tax Income	-12	6.70	18	-6.77	-21	-30	-54	-43	-61
Total Operating Income	-9.34	9.80	17	-9.91	-21	-30	-55	-47	-66
Total Gross Profit	23	44	134	52	59	77	51	46	33
Total Revenue	101	139	383	177	223	270	242	210	199
Operating Revenue	101	139	383	177	223	270	242	210	199
Total Cost of Revenue	78	94	249	124	163	193	191	164	166
Operating Cost of Revenue	78	94	249	124	163	193	191	164	166
Total Operating Expenses	33	34	-17	62	80	108	106	93	99
Selling, General & Admin Expense	17	19	29	34	39	53	48	46	49
Research & Development Expense	15	15	21	28	41	55	54	46	45
Restructuring Charge	-	-	-	-	0.00	0.00	3.89	0.82	4.29
Total Other Income / (Expense), net	-2.98	-3.10	0.48	3.14	0.46	0.17	0.87	4.12	4.77
Interest & Investment Income	-2.23	-1.27	0.73	2.61	0.08	-0.16	0.53	1.34	1.67
Other Income / (Expense), net	-0.75	-1.83	-0.25	0.54	0.38	0.34	0.34	2.78	3.10
Income Tax Expense	1.88	4.86	3.60	6.12	0.34	-0.38	0.34	-0.98	-0.08
Basic Earnings per Share	($5.68)	$0.00	$0.38	($0.35)	($0.55)	($0.70)	($1.23)	($0.90)	($1.27)
Weighted Average Basic Shares Outstanding	2.50M	2.74M	24.86M	37.12M	38.37M	42.14M	44.44M	46.08M	47.90M
Diluted Earnings per Share	($5.68)	$0.00	$0.32	($0.35)	($0.55)	($0.70)	($1.23)	($0.90)	($1.27)
Weighted Average Diluted Shares Outstanding	2.50M	2.74M	29.96M	37.12M	38.37M	42.14M	44.44M	46.08M	47.90M
Weighted Average Basic & Diluted Shares Outstanding	-	-	36.75M	-	40.13M	44.34M	45.70M	47.29M	49.03M

This table shows nLight's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25	-8.09
Consolidated Net Income / (Loss)	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25	-8.09
Net Income / (Loss) Continuing Operations	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25	-8.09
Total Pre-Tax Income	-13	-23	-7.47	-10	-12	-13	-14	-12	-10	-26	-7.96
Total Operating Income	-13	-23	-8.21	-12	-13	-14	-15	-13	-12	-26	-9.61
Total Gross Profit	13	5.78	14	12	9.94	9.80	7.49	12	13	1.13	14
Total Revenue	60	57	54	53	51	52	45	51	56	47	52
Operating Revenue	60	57	54	53	51	52	45	51	56	47	52
Total Cost of Revenue	47	51	40	41	41	42	37	39	44	46	38
Operating Cost of Revenue	47	51	40	41	41	42	37	39	44	46	38
Total Operating Expenses	26	29	22	24	22	24	22	25	24	28	23
Selling, General & Admin Expense	14	12	11	12	12	11	12	13	13	12	12
Research & Development Expense	13	14	11	12	11	12	11	12	11	11	11
Total Other Income / (Expense), net	0.14	0.74	0.74	1.41	0.84	1.13	1.10	1.08	1.73	0.87	1.65
Interest & Investment Income	0.17	0.29	0.34	0.35	0.30	0.35	0.46	0.46	0.39	0.36	1.64
Other Income / (Expense), net	-0.03	0.45	0.40	1.06	0.54	0.78	0.64	0.62	1.33	0.51	0.01
Income Tax Expense	0.11	-0.10	0.26	-1.46	0.19	0.03	0.14	0.12	0.26	-0.60	0.14
Basic Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)	($0.16)
Weighted Average Basic Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M	49.09M
Diluted Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)	($0.16)
Weighted Average Diluted Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M	49.09M
Weighted Average Basic & Diluted Shares Outstanding	45.31M	45.70M	45.85M	46.51M	46.69M	47.29M	47.57M	48.13M	48.43M	49.03M	49.44M

This table details how cash moves in and out of nLight's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	6.65	23	113	-32	-15	44	-89	-4.61	13
Net Cash From Operating Activities	5.96	3.41	3.38	-4.24	13	-7.44	-15	10	-2.36
Net Cash From Continuing Operating Activities	5.96	3.41	3.38	-4.24	13	-7.44	-15	10	-2.36
Net Income / (Loss) Continuing Operations	-14	1.84	14	-13	-21	-30	-55	-42	-61
Consolidated Net Income / (Loss)	-14	1.84	14	-13	-21	-30	-55	-42	-61
Depreciation Expense	8.10	7.92	5.87	6.58	7.71	9.18	11	12	13
Amortization Expense	-	-	2.42	2.98	5.98	5.88	4.61	3.63	4.61
Non-Cash Adjustments To Reconcile Net Income	0.64	1.52	4.85	9.33	28	41	33	28	30
Changes in Operating Assets and Liabilities, net	11	-7.87	-24	-10	-8.18	-34	-8.23	8.06	11
Net Cash From Investing Activities	-4.03	-5.48	-12	-30	-25	-22	-72	-14	17
Net Cash From Continuing Investing Activities	-4.03	-5.48	-12	-30	-25	-22	-72	-14	17
Purchase of Property, Plant & Equipment	-4.06	-5.48	-11	-	-23	-19	-21	-5.34	-7.93
Acquisitions	-	-	-1.13	-17	-1.12	-2.54	-1.00	0.00	0.00
Purchase of Investments	-	-	-	-	0.00	0.00	-100	-128	-89
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	50	119	113
Net Cash From Financing Activities	3.64	24	121	2.45	-3.77	74	-1.31	-0.86	-1.30
Net Cash From Continuing Financing Activities	3.64	24	121	2.45	-3.77	74	-1.31	-0.86	-1.30
Issuance of Common Equity	0.00	0.00	138	1.47	1.39	84	2.36	2.47	2.72
Other Financing Activities, net	0.05	0.34	0.36	1.04	-5.05	-9.79	-3.66	-3.33	-4.02
Effect of Exchange Rate Changes	1.07	0.83	-0.17	-	0.55	-0.24	-0.48	0.26	-0.41
Cash Interest Paid	2.06	1.44	-	-	-0.31	0.12	0.00	0.04	0.06
Cash Income Taxes Paid	1.27	3.49	3.67	2.34	0.65	0.53	0.44	0.26	0.72

This table details how cash moves in and out of nLight's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-8.45	-4.36	-9.42	-6.58	10	1.12	8.10	-12	-7.93	24	16
Net Cash From Operating Activities	-2.79	0.01	0.64	-4.11	13	0.40	11	-4.23	-5.62	-3.89	-0.02
Net Cash From Continuing Operating Activities	-2.79	0.01	0.64	-4.11	13	0.40	11	-4.23	-5.62	-3.89	-0.02
Net Income / (Loss) Continuing Operations	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25	-8.09
Consolidated Net Income / (Loss)	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25	-8.09
Depreciation Expense	2.92	2.95	3.11	3.13	3.06	3.11	3.14	3.11	3.12	3.63	3.17
Amortization Expense	1.16	1.12	0.87	0.90	0.93	0.93	1.26	0.98	1.16	1.21	0.50
Non-Cash Adjustments To Reconcile Net Income	8.10	9.66	5.51	7.80	7.81	6.56	5.49	8.12	8.28	7.70	4.95
Changes in Operating Assets and Liabilities, net	-2.02	8.94	-1.11	-7.11	13	3.05	15	-4.71	-7.84	8.54	-0.55
Net Cash From Investing Activities	-4.34	-4.92	-10	-0.78	-2.34	-0.94	-1.55	-7.40	-1.98	28	-2.43
Net Cash From Continuing Investing Activities	-4.34	-4.92	-10	-0.78	-2.34	-0.94	-1.55	-7.40	-1.98	28	-2.43
Purchase of Property, Plant & Equipment	-3.55	-4.95	-0.68	-0.96	-2.75	-0.95	-1.56	-2.15	-1.61	-2.62	-2.28
Purchase of Investments	-	-50	-34	-25	-44	-25	-24	-30	-34	-	-34
Sale and/or Maturity of Investments	-	50	25	25	44	25	24	25	34	30	34
Net Cash From Financing Activities	-1.04	0.31	-0.04	-1.54	-0.48	1.20	-1.62	-0.18	-0.57	1.07	19
Net Cash From Continuing Financing Activities	-1.04	0.31	-0.04	-1.54	-0.48	1.20	-1.62	-0.18	-0.57	1.07	19
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	20
Other Financing Activities, net	-1.04	-0.84	-0.04	-2.76	-0.48	-0.05	-1.62	-1.54	-0.57	-0.30	-1.24
Effect of Exchange Rate Changes	-0.28	0.24	0.02	-0.16	-0.06	0.45	-0.12	-0.11	0.24	-0.42	0.06
Cash Interest Paid	-	-	-	-	-	0.02	0.00	-	0.02	0.02	0.01
Cash Income Taxes Paid	0.06	0.19	0.14	0.12	0.01	-0.01	0.21	0.10	-0.01	0.41	0.05

This table presents nLight's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	110	250	284	374	329	307	270
Total Current Assets	85	199	201	277	231	221	194
Cash & Equivalents	37	117	102	147	58	53	66
Restricted Cash	-	-	-	-	0.25	0.26	0.26
Short-Term Investments	-	-	-	0.00	50	60	35
Accounts Receivable	13	27	32	42	38	40	35
Inventories, net	30	46	55	74	68	52	41
Prepaid Expenses	4.97	8.08	12	15	17	16	18
Plant, Property, & Equipment, net	18	28	44	56	61	52	47
Total Noncurrent Assets	7.60	24	39	40	38	34	29
Goodwill	1.39	9.87	12	12	12	12	12
Intangible Assets	1.84	10	8.35	6.70	4.04	1.65	0.83
Other Noncurrent Operating Assets	4.37	3.75	18	21	21	20	16
Total Liabilities & Shareholders' Equity	110	250	284	374	329	307	270
Total Liabilities	49	33	64	71	58	52	54
Total Current Liabilities	29	25	41	46	34	33	34
Accounts Payable	13	13	21	26	18	12	15
Accrued Expenses	13	12	15	15	13	13	13
Current Deferred Revenue	0.96	0.68	2.53	1.63	1.41	4.85	3.58
Other Current Liabilities	-	0.00	2.27	3.07	2.76	3.18	2.31
Total Noncurrent Liabilities	20	8.32	22	26	24	20	20
Long-Term Debt	15	0.00	0.22	-	-	-	0.00
Noncurrent Deferred Revenue	3.93	6.43	7.56	7.15	6.70	5.39	5.54
Other Noncurrent Operating Liabilities	0.93	1.89	15	19	17	14	14
Total Equity & Noncontrolling Interests	61	217	220	302	271	254	216
Total Preferred & Common Equity	61	217	220	302	271	254	216
Total Common Equity	61	217	220	302	271	254	216
Common Stock	181	337	359	471	496	521	545
Retained Earnings	-119	-117	-138	-168	-223	-264	-325
Accumulated Other Comprehensive Income / (Loss)	-0.72	-2.69	-0.26	-0.59	-2.75	-2.48	-3.33

This table presents nLight's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	360	349	330	322	313	303	294	291	290
Total Current Assets	261	251	233	229	224	219	213	211	216
Cash & Equivalents	71	62	48	42	52	61	49	41	82
Restricted Cash	-	0.25	-	-	0.26	0.26	0.26	0.26	0.26
Short-Term Investments	50	50	60	60	60	60	65	65	35
Accounts Receivable	46	44	36	46	36	28	32	40	37
Inventories, net	80	81	67	65	62	53	52	49	44
Prepaid Expenses	15	14	22	16	16	18	13	15	19
Plant, Property, & Equipment, net	62	63	59	57	54	50	49	48	45
Total Noncurrent Assets	37	34	38	36	34	33	32	32	29
Goodwill	12	12	12	12	12	12	12	12	12
Intangible Assets	5.30	4.68	3.41	2.80	2.17	1.28	1.13	0.98	0.68
Other Noncurrent Operating Assets	19	17	22	21	20	19	19	19	15
Total Liabilities & Shareholders' Equity	360	349	330	322	313	303	294	291	290
Total Liabilities	67	63	61	57	53	58	55	56	77
Total Current Liabilities	42	39	37	36	34	38	35	36	37
Accounts Payable	23	20	18	18	14	14	13	16	17
Accrued Expenses	13	15	15	14	14	14	13	14	15
Current Deferred Revenue	2.03	1.74	1.27	1.37	2.02	7.58	5.65	2.92	2.85
Other Current Liabilities	3.03	2.70	3.00	3.09	3.05	3.17	2.93	2.62	2.53
Total Noncurrent Liabilities	25	24	24	20	20	20	20	20	40
Long-Term Debt	-	-	-	-	-	-	-	-	20
Noncurrent Deferred Revenue	6.99	6.53	6.92	5.19	5.27	5.49	5.51	5.64	5.61
Other Noncurrent Operating Liabilities	18	17	17	15	14	15	14	14	14
Total Equity & Noncontrolling Interests	294	286	269	265	260	244	240	235	213
Total Preferred & Common Equity	294	286	269	265	260	244	240	235	213
Total Common Equity	294	286	269	265	260	244	240	235	213
Common Stock	483	490	502	508	514	525	532	538	550
Retained Earnings	-187	-200	-230	-239	-251	-278	-290	-300	-333
Accumulated Other Comprehensive Income / (Loss)	-2.55	-4.07	-2.17	-3.12	-3.23	-2.59	-2.51	-2.39	-3.73

This table displays calculated financial ratios and metrics derived from nLight's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	36.77%	176.17%	-53.85%	26.14%	21.26%	-10.40%	-13.28%	-5.42%
EBITDA Growth	0.00%	897.49%	57.99%	-99.24%	-3,776.32%	-112.20%	-163.56%	28.43%	-60.73%
EBIT Growth	0.00%	178.92%	111.07%	-155.76%	-120.50%	-44.56%	-83.27%	19.67%	-42.16%
NOPAT Growth	0.00%	141.13%	404.41%	-151.15%	-112.41%	-43.56%	-82.35%	15.13%	-40.35%
Net Income Growth	0.00%	112.93%	658.74%	-192.44%	-62.47%	-41.74%	-83.96%	23.65%	-45.89%
EPS Growth	0.00%	100.00%	0.00%	-209.38%	-57.14%	-27.27%	-75.71%	26.83%	-41.11%
Operating Cash Flow Growth	0.00%	-42.76%	-1.03%	-225.62%	407.50%	-157.07%	-95.38%	169.39%	-123.38%
Free Cash Flow Firm Growth	0.00%	0.00%	241.26%	-291.17%	68.63%	-76.03%	22.77%	74.33%	-72.99%
Invested Capital Growth	0.00%	0.00%	-100.00%	0.00%	18.74%	31.83%	4.36%	-12.99%	-18.27%
Revenue Q/Q Growth	0.00%	0.00%	109.50%	0.00%	0.00%	19.97%	-4.26%	-2.23%	-2.22%
EBITDA Q/Q Growth	0.00%	0.00%	6.46%	-97.83%	-154.99%	-45.11%	-56.79%	25.27%	-34.65%
EBIT Q/Q Growth	0.00%	0.00%	-1.34%	0.00%	0.00%	-18.21%	-35.92%	17.74%	-24.63%
NOPAT Q/Q Growth	0.00%	0.00%	3.08%	0.00%	0.00%	-16.95%	-36.82%	16.37%	-22.57%
Net Income Q/Q Growth	0.00%	0.00%	10.00%	0.00%	0.00%	-16.64%	-34.20%	18.44%	-23.89%
EPS Q/Q Growth	0.00%	0.00%	-59.49%	0.00%	0.00%	-12.90%	-33.70%	20.35%	-23.30%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-37.01%	-542.58%	5.62%	-819.83%	41.08%	4.06%	-222.10%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-407.36%	-39.78%	-16.94%	28.01%	14.41%	-11.09%
Invested Capital Q/Q Growth	0.00%	0.00%	-100.00%	20.61%	11.05%	12.42%	-6.26%	-4.33%	-10.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	22.86%	31.95%	34.99%	29.63%	26.65%	28.62%	21.00%	21.97%	16.63%
EBITDA Margin	-1.97%	11.46%	6.56%	0.11%	-3.14%	-5.49%	-16.14%	-13.32%	-22.63%
Operating Margin	-9.22%	7.07%	4.46%	-5.61%	-9.45%	-11.19%	-22.76%	-22.28%	-33.06%
EBIT Margin	-9.96%	5.75%	4.39%	-5.31%	-9.28%	-11.06%	-22.62%	-20.96%	-31.50%
Profit (Net Income) Margin	-14.02%	1.33%	3.64%	-7.29%	-9.40%	-10.98%	-22.55%	-19.85%	-30.62%
Tax Burden Percent	115.28%	27.44%	79.47%	190.45%	101.65%	98.75%	100.63%	97.71%	99.88%
Interest Burden Percent	122.09%	84.07%	104.33%	72.17%	99.62%	100.55%	99.03%	96.95%	97.33%
Effective Tax Rate	0.00%	72.56%	20.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	12.78%	64.47%	-13.96%	-13.55%	-15.46%	-24.26%	-21.56%	-35.79%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	21.64%	60.54%	-3.81%	-7.89%	-8.60%	-11.71%	-13.50%	-21.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-6.79%	-18.99%	2.06%	3.96%	4.09%	5.21%	5.70%	9.97%
Return on Equity (ROE)	0.00%	5.99%	45.48%	-11.90%	-9.59%	-11.37%	-19.05%	-15.87%	-25.82%
Cash Return on Invested Capital (CROIC)	0.00%	-187.22%	264.47%	-213.96%	-30.68%	-42.92%	-28.52%	-7.67%	-15.69%
Operating Return on Assets (OROA)	0.00%	7.23%	30.52%	-7.50%	-7.75%	-9.09%	-15.58%	-13.83%	-21.67%
Return on Assets (ROA)	0.00%	1.67%	25.31%	-10.31%	-7.85%	-9.03%	-15.53%	-13.10%	-21.07%
Return on Common Equity (ROCE)	0.00%	5.99%	45.46%	-11.90%	-9.59%	-11.37%	-19.05%	-15.87%	-25.82%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.00%	0.00%	-5.95%	-9.52%	-9.82%	-20.15%	-16.38%	-28.09%
Net Operating Profit after Tax (NOPAT)	-6.54	2.69	14	-6.94	-15	-21	-39	-33	-46
NOPAT Margin	-6.45%	1.94%	3.54%	-3.93%	-6.61%	-7.83%	-15.93%	-15.59%	-23.14%
Net Nonoperating Expense Percent (NNEP)	0.00%	-8.86%	3.93%	-10.15%	-5.66%	-6.86%	-12.55%	-8.06%	-13.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-14.24%	-12.87%	-21.23%
Cost of Revenue to Revenue	77.14%	68.05%	65.01%	70.37%	73.35%	71.38%	79.00%	78.03%	83.37%
SG&A Expenses to Revenue	17.04%	13.97%	7.54%	19.31%	17.62%	19.51%	19.94%	21.86%	24.81%
R&D to Revenue	15.04%	10.91%	5.50%	15.93%	18.48%	20.29%	22.21%	21.99%	22.72%
Operating Expenses to Revenue	32.08%	24.88%	-4.46%	35.24%	36.09%	39.80%	43.76%	44.24%	49.69%
Earnings before Interest and Taxes (EBIT)	-10	7.96	17	-9.37	-21	-30	-55	-44	-63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.99	16	25	0.19	-6.99	-15	-39	-28	-45
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.57	0.00	3.54	5.84	3.48	1.70	2.48	2.35
Price to Tangible Book Value (P/TBV)	0.00	1.65	0.00	3.89	6.46	3.72	1.81	2.62	2.50
Price to Revenue (P/Rev)	0.95	0.69	1.70	4.34	5.77	3.89	1.90	3.00	2.56
Price to Earnings (P/E)	0.00	0.00	68.28	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.83	0.00	6.52	10.03	5.82	2.16	3.66	3.53
Enterprise Value to Revenue (EV/Rev)	0.00	0.55	1.70	3.67	5.31	3.35	1.45	2.46	2.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.83	25.91	3,413.44	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	9.64	38.68	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	28.56	47.95	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	22.51	192.61	0.00	90.75	0.00	0.00	51.25	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.69	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.31	-0.31	-0.54	-0.50	-0.48	-0.45	-0.42	-0.45
Leverage Ratio	0.00	1.80	1.80	1.15	1.22	1.26	1.23	1.21	1.23
Compound Leverage Factor	0.00	1.51	1.87	0.83	1.22	1.27	1.21	1.17	1.19
Debt to Total Capital	0.00%	22.18%	0.00%	0.02%	0.18%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	3.00%	0.00%	0.02%	0.08%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	19.18%	0.00%	0.00%	0.10%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	77.79%	0.00%	99.98%	99.82%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	1.10	0.00	0.27	-0.06	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-1.21	0.00	-616.85	14.59	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.95	0.00	0.00	-0.03	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	6.50	0.00	-0.01	-0.03	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-7.15	0.00	16.90	6.92	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	5.62	0.00	0.00	-0.01	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	1.77	0.00	14.53	12.64	9.40	4.68	6.96	4.66
Noncontrolling Interest Sharing Ratio	0.00%	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.93	0.00	7.93	4.85	6.06	6.69	6.73	5.67
Quick Ratio	0.00	1.73	0.00	5.77	3.24	4.11	4.24	4.66	3.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-39	56	-106	-33	-59	-45	-12	-20
Operating Cash Flow to CapEx	147.98%	62.28%	32.01%	-36.02%	55.69%	-38.53%	-67.99%	189.01%	-29.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.26	6.95	1.41	0.84	0.82	0.69	0.66	0.69
Accounts Receivable Turnover	0.00	10.38	0.00	0.00	7.56	7.36	6.09	5.42	5.33
Inventory Turnover	0.00	3.19	0.00	0.00	3.24	3.00	2.71	2.74	3.56
Fixed Asset Turnover	0.00	7.71	0.00	0.00	6.17	5.37	4.15	3.72	4.00
Accounts Payable Turnover	0.00	7.30	0.00	0.00	9.68	8.14	8.72	11.04	12.15
Days Sales Outstanding (DSO)	0.00	35.17	0.00	0.00	48.29	49.58	59.93	67.37	68.46
Days Inventory Outstanding (DIO)	0.00	114.45	0.00	0.00	112.61	121.57	134.89	133.43	102.49
Days Payable Outstanding (DPO)	0.00	50.01	0.00	0.00	37.70	44.86	41.85	33.06	30.04
Cash Conversion Cycle (CCC)	0.00	99.61	0.00	0.00	123.20	126.28	152.97	167.74	140.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	42	0.00	99	118	156	162	141	115
Invested Capital Turnover	0.00	6.59	18.20	3.55	2.05	1.97	1.52	1.38	1.55
Increase / (Decrease) in Invested Capital	0.00	42	-42	99	19	38	6.78	-21	-26
Enterprise Value (EV)	0.00	77	650	649	1,183	905	351	517	407
Market Capitalization	96	96	650	766	1,285	1,052	459	630	508
Book Value per Share	$0.00	$22.40	$0.00	$5.74	$5.59	$6.88	$5.98	$5.45	$4.47
Tangible Book Value per Share	$0.00	$21.22	$0.00	$5.21	$5.06	$6.44	$5.62	$5.15	$4.20
Total Capital	0.00	79	0.00	217	220	302	271	254	216
Total Debt	0.00	17	0.00	0.05	0.40	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	15	0.00	0.00	0.22	0.00	0.00	0.00	0.00
Net Debt	0.00	-19	0.00	-117	-102	-147	-108	-113	-101
Capital Expenditures (CapEx)	4.03	5.48	11	12	23	19	21	5.34	7.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	21	0.00	56	57	85	88	75	59
Debt-free Net Working Capital (DFNWC)	0.00	58	0.00	174	159	231	196	188	160
Net Working Capital (NWC)	0.00	56	0.00	174	159	231	196	188	160
Net Nonoperating Expense (NNE)	7.67	0.85	-0.38	5.95	6.20	8.52	16	8.93	15
Net Nonoperating Obligations (NNO)	0.00	-19	0.00	-117	-102	-147	-108	-113	-101
Total Depreciation and Amortization (D&A)	8.10	7.92	8.29	9.56	14	15	16	16	18
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	15.42%	0.00%	31.91%	25.64%	31.43%	36.27%	35.57%	29.66%
Debt-free Net Working Capital to Revenue	0.00%	41.89%	0.00%	98.30%	71.55%	85.67%	81.08%	89.46%	80.51%
Net Working Capital to Revenue	0.00%	40.19%	0.00%	98.27%	71.46%	85.67%	81.08%	89.46%	80.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.68)	$0.00	$0.38	$0.00	($0.55)	($0.70)	($1.23)	($0.90)	($1.27)
Adjusted Weighted Average Basic Shares Outstanding	2.50M	2.74M	24.86M	0.00	38.37M	42.14M	44.44M	46.08M	47.90M
Adjusted Diluted Earnings per Share	($5.68)	$0.00	$0.32	$0.00	($0.55)	($0.70)	($1.23)	($0.90)	($1.27)
Adjusted Weighted Average Diluted Shares Outstanding	2.50M	2.74M	29.96M	0.00	38.37M	42.14M	44.44M	46.08M	47.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	36.75M	0.00	40.13M	44.34M	45.70M	47.29M	49.03M
Normalized Net Operating Profit after Tax (NOPAT)	-6.54	6.86	14	-6.94	-15	-21	-36	-32	-43
Normalized NOPAT Margin	-6.45%	4.95%	3.54%	-3.93%	-6.61%	-7.83%	-14.81%	-15.32%	-21.63%
Pre Tax Income Margin	-12.16%	4.83%	4.58%	-3.83%	-9.24%	-11.12%	-22.41%	-20.32%	-30.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.31%	10.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from nLight's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.81%	-15.97%	-16.08%	-12.37%	-15.74%	-8.45%	-17.68%	-5.24%	10.85%	-8.69%	16.04%
EBITDA Growth	-223.71%	-293.14%	15.76%	0.15%	10.35%	49.82%	-153.11%	-20.76%	22.66%	-121.45%	38.81%
EBIT Growth	-95.46%	-168.79%	5.76%	-1.98%	7.82%	41.16%	-80.41%	-13.54%	12.73%	-91.13%	31.83%
NOPAT Growth	-92.06%	-171.15%	1.23%	-13.27%	3.47%	38.96%	-79.33%	-8.59%	5.84%	-84.28%	34.71%
Net Income Growth	-88.30%	-158.96%	10.36%	14.69%	8.31%	41.58%	-78.09%	-32.94%	13.00%	-88.56%	41.21%
EPS Growth	-81.25%	-155.00%	15.00%	17.39%	10.34%	45.10%	-70.59%	-31.58%	19.23%	-85.71%	44.83%
Operating Cash Flow Growth	-600.25%	100.10%	109.19%	13.74%	571.83%	3,940.00%	1,666.30%	-2.99%	-142.71%	-1,062.13%	-100.18%
Free Cash Flow Firm Growth	-19.07%	46.78%	98.28%	102.72%	138.21%	147.61%	3,119.28%	2,063.95%	-33.83%	-33.91%	-98.14%
Invested Capital Growth	25.14%	4.36%	-2.92%	-5.52%	-14.75%	-12.99%	-23.49%	-23.79%	-13.11%	-18.27%	-5.88%
Revenue Q/Q Growth	-1.21%	-5.68%	-4.57%	-1.46%	-5.01%	2.48%	-14.19%	13.44%	11.12%	-15.59%	9.05%
EBITDA Q/Q Growth	-34.90%	-112.56%	79.84%	-72.71%	-21.13%	-18.97%	-1.70%	17.60%	22.43%	-240.65%	71.90%
EBIT Q/Q Growth	-24.84%	-77.14%	66.15%	-36.22%	-12.85%	-13.07%	-3.79%	14.27%	13.26%	-147.64%	62.98%
NOPAT Q/Q Growth	-25.82%	-81.00%	65.07%	-42.39%	-7.23%	-14.45%	-2.62%	13.78%	7.02%	-123.99%	63.64%
Net Income Q/Q Growth	-25.27%	-74.91%	65.89%	-14.14%	-34.64%	-11.44%	-3.99%	14.80%	11.89%	-141.53%	67.58%
EPS Q/Q Growth	-26.09%	-75.86%	66.67%	-11.76%	-36.84%	-7.69%	-3.57%	13.79%	16.00%	-147.62%	69.23%
Operating Cash Flow Q/Q Growth	41.46%	100.36%	6,340.00%	-737.73%	420.19%	-96.93%	2,715.59%	-137.19%	-32.79%	30.80%	99.49%
Free Cash Flow Firm Q/Q Growth	14.17%	47.08%	96.08%	252.63%	1,107.54%	-34.08%	148.49%	9.39%	-63.08%	-34.15%	-93.01%
Invested Capital Q/Q Growth	0.00%	-6.26%	-0.97%	1.78%	-9.77%	-4.33%	-12.93%	1.38%	2.89%	-10.01%	0.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.43%	10.20%	26.37%	22.72%	19.63%	18.89%	16.82%	23.46%	22.36%	2.39%	26.71%
EBITDA Margin	-14.86%	-33.48%	-7.07%	-12.40%	-15.81%	-18.35%	-21.75%	-15.80%	-11.03%	-44.50%	-11.47%
Operating Margin	-21.60%	-41.45%	-15.17%	-21.92%	-24.75%	-27.64%	-33.05%	-25.12%	-21.02%	-55.78%	-18.60%
EBIT Margin	-21.65%	-40.67%	-14.43%	-19.94%	-23.69%	-26.14%	-31.61%	-23.89%	-18.65%	-54.71%	-18.57%
Profit (Net Income) Margin	-21.56%	-39.98%	-14.29%	-16.55%	-23.46%	-25.51%	-30.92%	-23.22%	-18.41%	-52.68%	-15.66%
Tax Burden Percent	100.86%	99.57%	103.54%	85.84%	101.60%	100.20%	101.06%	101.03%	102.59%	97.65%	101.72%
Interest Burden Percent	98.72%	98.74%	95.68%	96.71%	97.47%	97.40%	96.77%	96.20%	96.24%	98.61%	82.91%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-24.54%	-44.18%	-15.08%	-20.42%	-23.18%	-26.75%	-32.67%	-24.10%	-21.65%	-60.39%	-22.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.76%	-39.31%	-13.45%	-19.85%	-20.41%	-23.86%	-29.65%	-21.47%	-19.76%	-54.35%	-21.18%
Return on Net Nonoperating Assets (RNNOA)	10.26%	17.49%	5.74%	7.89%	8.40%	10.07%	13.26%	9.21%	8.74%	24.71%	10.11%
Return on Equity (ROE)	-14.27%	-26.69%	-9.33%	-12.53%	-14.78%	-16.68%	-19.40%	-14.89%	-12.92%	-35.67%	-12.31%
Cash Return on Invested Capital (CROIC)	-40.43%	-28.52%	-20.63%	-17.75%	-8.48%	-7.67%	0.34%	0.65%	-13.14%	-15.69%	-29.42%
Operating Return on Assets (OROA)	-14.99%	-28.01%	-9.58%	-13.10%	-15.38%	-17.25%	-20.03%	-15.32%	-12.54%	-37.65%	-12.89%
Return on Assets (ROA)	-14.92%	-27.54%	-9.49%	-10.88%	-15.23%	-16.84%	-19.58%	-14.89%	-12.38%	-36.25%	-10.87%
Return on Common Equity (ROCE)	-14.27%	-26.69%	-9.33%	-12.53%	-14.78%	-16.68%	-19.40%	-14.89%	-12.92%	-35.67%	-12.31%
Return on Equity Simple (ROE_SIMPLE)	-14.23%	0.00%	-19.95%	-19.66%	-19.69%	0.00%	-19.52%	-21.13%	-20.86%	0.00%	-25.91%
Net Operating Profit after Tax (NOPAT)	-9.09	-16	-5.74	-8.18	-8.77	-10	-10	-8.88	-8.26	-19	-6.73
NOPAT Margin	-15.12%	-29.02%	-10.62%	-15.35%	-17.32%	-19.35%	-23.14%	-17.59%	-14.71%	-39.05%	-13.02%
Net Nonoperating Expense Percent (NNEP)	-2.78%	-4.87%	-1.63%	-0.58%	-2.77%	-2.89%	-3.02%	-2.63%	-1.90%	-6.04%	-1.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.07%	-	-	-	-3.95%	-	-	-	-8.55%	-2.89%
Cost of Revenue to Revenue	77.57%	89.80%	73.63%	77.29%	80.37%	81.11%	83.18%	76.54%	77.64%	97.61%	73.29%
SG&A Expenses to Revenue	22.87%	20.87%	20.65%	22.12%	23.16%	21.61%	25.93%	25.35%	23.20%	25.08%	23.29%
R&D to Revenue	21.16%	23.92%	20.89%	22.52%	21.22%	23.34%	23.94%	23.23%	20.18%	24.03%	22.01%
Operating Expenses to Revenue	44.03%	51.66%	41.54%	44.64%	44.38%	46.53%	49.87%	48.58%	43.38%	58.17%	45.31%
Earnings before Interest and Taxes (EBIT)	-13	-23	-7.80	-11	-12	-14	-14	-12	-10	-26	-9.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.93	-19	-3.83	-6.61	-8.00	-9.52	-9.68	-7.98	-6.19	-21	-5.93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	1.70	1.73	2.66	1.86	2.48	2.48	2.17	2.19	2.35	1.79
Price to Tangible Book Value (P/TBV)	1.59	1.81	1.84	2.83	1.97	2.62	2.63	2.30	2.32	2.50	1.91
Price to Revenue (P/Rev)	1.69	1.90	2.01	3.15	2.25	3.00	3.03	2.63	2.53	2.56	1.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.81	2.16	2.22	3.70	2.52	3.66	3.95	3.25	3.18	3.53	2.45
Enterprise Value to Revenue (EV/Rev)	1.24	1.45	1.54	2.70	1.73	2.46	2.42	2.05	2.01	2.05	1.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	38.35	51.25	23.32	19.57	210.93	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1,009.31	431.25	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Financial Leverage	-0.47	-0.45	-0.43	-0.40	-0.41	-0.42	-0.45	-0.43	-0.44	-0.45	-0.48
Leverage Ratio	1.24	1.23	1.22	1.22	1.21	1.21	1.23	1.22	1.22	1.23	1.30
Compound Leverage Factor	1.22	1.21	1.17	1.18	1.18	1.18	1.19	1.17	1.18	1.21	1.08
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	91.41%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.49
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.35
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.49
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.47
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.29
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.47
Altman Z-Score	4.61	4.99	4.97	7.77	5.61	7.29	6.17	5.58	5.37	5.11	2.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.48	6.69	6.35	6.34	6.68	6.73	5.73	6.10	5.83	5.67	5.81
Quick Ratio	4.03	4.24	3.93	4.10	4.38	4.66	3.88	4.21	4.07	3.96	4.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-23	-0.91	1.39	17	11	27	30	11	7.31	0.51
Operating Cash Flow to CapEx	-78.53%	0.20%	94.15%	-429.60%	478.88%	42.39%	731.04%	-197.11%	-348.67%	-148.42%	-0.88%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.69	0.66	0.66	0.65	0.66	0.63	0.64	0.67	0.69	0.69
Accounts Receivable Turnover	6.30	6.09	6.34	4.86	5.41	5.42	6.29	5.04	5.36	5.33	6.42
Inventory Turnover	2.51	2.71	2.53	2.46	2.43	2.74	2.68	2.70	2.92	3.56	3.44
Fixed Asset Turnover	4.38	4.15	3.95	3.76	3.66	3.72	3.67	3.71	3.98	4.00	4.30
Accounts Payable Turnover	7.36	8.72	8.94	8.73	10.13	11.04	10.17	10.25	10.48	12.15	10.79
Days Sales Outstanding (DSO)	57.96	59.93	57.54	75.06	67.42	67.37	58.01	72.46	68.12	68.46	56.90
Days Inventory Outstanding (DIO)	145.48	134.89	144.17	148.35	150.40	133.43	136.20	135.03	124.88	102.49	106.20
Days Payable Outstanding (DPO)	49.62	41.85	40.82	41.80	36.03	33.06	35.90	35.62	34.83	30.04	33.82
Cash Conversion Cycle (CCC)	153.82	152.97	160.90	181.61	181.78	167.74	158.32	171.87	158.17	140.92	129.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	173	162	161	164	148	141	123	125	128	115	116
Invested Capital Turnover	1.62	1.52	1.42	1.33	1.34	1.38	1.41	1.37	1.47	1.55	1.72
Increase / (Decrease) in Invested Capital	35	6.78	-4.84	-9.57	-26	-21	-38	-39	-19	-26	-7.24
Enterprise Value (EV)	314	351	357	605	372	517	486	405	408	407	284
Market Capitalization	426	459	465	707	484	630	607	520	514	508	381
Book Value per Share	$6.34	$5.98	$5.89	$5.79	$5.58	$5.45	$5.17	$5.04	$4.89	$4.47	$4.34
Tangible Book Value per Share	$5.96	$5.62	$5.54	$5.46	$5.27	$5.15	$4.88	$4.75	$4.61	$4.20	$4.07
Total Capital	286	271	269	265	260	254	244	240	235	216	233
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20
Net Debt	-113	-108	-108	-102	-112	-113	-121	-115	-107	-101	-97
Capital Expenditures (CapEx)	3.55	4.95	0.68	0.96	2.75	0.95	1.56	2.15	1.61	2.62	2.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	100	88	88	91	79	75	60	63	68	59	62
Debt-free Net Working Capital (DFNWC)	212	196	197	193	191	188	181	178	175	160	179
Net Working Capital (NWC)	212	196	197	193	191	188	181	178	175	160	179
Net Nonoperating Expense (NNE)	3.87	6.21	1.99	0.64	3.11	3.20	3.46	2.85	2.08	6.46	1.37
Net Nonoperating Obligations (NNO)	-113	-108	-108	-102	-112	-113	-121	-115	-107	-101	-97
Total Depreciation and Amortization (D&A)	4.08	4.07	3.98	4.02	3.99	4.04	4.39	4.09	4.28	4.84	3.67
Debt-free, Cash-free Net Working Capital to Revenue	39.40%	36.27%	38.04%	40.66%	36.76%	35.57%	29.75%	31.81%	33.33%	29.66%	29.96%
Debt-free Net Working Capital to Revenue	83.94%	81.08%	84.82%	86.04%	88.86%	89.46%	90.31%	89.93%	86.00%	80.51%	86.83%
Net Working Capital to Revenue	83.94%	81.08%	84.82%	86.04%	88.86%	89.46%	90.31%	89.93%	86.00%	80.51%	86.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M	49.09M
Adjusted Diluted Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M	49.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.31M	45.70M	45.85M	46.51M	46.69M	47.29M	47.57M	48.13M	48.43M	49.03M	49.44M
Normalized Net Operating Profit after Tax (NOPAT)	-9.09	-16	-5.74	-8.18	-8.77	-10	-10	-8.88	-8.26	-19	-6.73
Normalized NOPAT Margin	-15.12%	-29.02%	-10.62%	-15.35%	-17.32%	-19.35%	-23.14%	-17.59%	-14.71%	-39.05%	-13.02%
Pre Tax Income Margin	-21.38%	-40.15%	-13.80%	-19.28%	-23.09%	-25.46%	-30.59%	-22.98%	-17.95%	-53.95%	-15.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

nLight’s first-quarter 2025 results show clear revenue and margin improvements, but cash flow remains weak and expenses high. Below are the key takeaways from the latest quarter and recent trends:

Revenue grew 16.0% year-over-year to $51.67 million, continuing a strong top-line trend.
Gross margin expanded to 26.7% in Q1 2025 from 16.8% in Q1 2024, driven by higher product revenues and improved cost control.
EBITDA loss narrowed to –$5.93 million (–11.5% margin) from –$9.68 million (–21.7% margin) a year earlier.
Net loss improved to –$8.09 million (–15.7% margin) versus –$13.77 million (–30.9%) in Q1 2024.
Ending cash and equivalents rose to $82.2 million, supported by a $20 million debt issuance, with a strong current ratio of 5.8x and quick ratio of 4.1x.
Invested capital turnover improved to 1.72x from 1.41x, indicating more efficient use of capital.
Issued $20 million of long-term debt in Q1; net leverage remains low with net debt of –$96.9 million.
Valuation multiples stand at 1.79× price-to-book and 1.85× price-to-revenue, reflecting mixed investor sentiment.
Operating cash flow was essentially flat at –$0.02 million, a sharp swing from +$11.4 million in Q1 2024, signaling working-capital pressures.
Combined R&D and SG&A expenses consumed 45.3% of revenue, weighing on profitability despite margin gains.

07/20/25 06:30 AMAI Generated. May Contain Errors.

Frequently Asked Questions About nLight's Financials

When does nLight's fiscal year end?

According to the most recent income statement we have on file, nLight's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has nLight's net income changed over the last 8 years?

nLight's net income appears to be on an upward trend, with a most recent value of -$60.79 million in 2024, rising from -$14.20 million in 2016. The previous period was -$41.67 million in 2023. Find out what analysts predict for nLight in the coming months.

What is nLight's operating income?

nLight's total operating income in 2024 was -$65.64 million, based on the following breakdown:

Total Gross Profit: $33.02 million
Total Operating Expenses: $98.66 million

How has nLight's revenue changed over the last 8 years?

Over the last 8 years, nLight's total revenue changed from $101.33 million in 2016 to $198.55 million in 2024, a change of 96.0%.

How much debt does nLight have?

nLight's total liabilities were at $53.81 million at the end of 2024, a 2.7% increase from 2023, and a 10.1% increase since 2017.

How much cash does nLight have?

In the past 6 years, nLight's cash and equivalents has ranged from $36.69 million in 2017 to $146.53 million in 2021, and is currently $65.83 million as of their latest financial filing in 2024.

How has nLight's book value per share changed over the last 8 years?

Over the last 8 years, nLight's book value per share changed from 0.00 in 2016 to 4.47 in 2024, a change of 446.9%.

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This page (NASDAQ:LASR) was last updated on 7/20/2025 by MarketBeat.com Staff

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nLight (LASR) Financials

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nLight (LASR) Financials

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