nLIGHT (LASR) Financials

$14.49 +0.27 (+1.90%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$14.51 +0.02 (+0.14%)

As of 05/23/2025 07:27 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-61	-42	-55
Consolidated Net Income / (Loss)	-61	-42	-55
Net Income / (Loss) Continuing Operations	-61	-42	-55
Total Pre-Tax Income	-61	-43	-54
Total Operating Income	-66	-47	-55
Total Gross Profit	33	46	51
Total Revenue	199	210	242
Operating Revenue	199	210	242
Total Cost of Revenue	166	164	191
Operating Cost of Revenue	166	164	191
Total Operating Expenses	99	93	106
Selling, General & Admin Expense	49	46	48
Research & Development Expense	45	46	54
Restructuring Charge	4.29	0.82	3.89
Total Other Income / (Expense), net	4.77	4.12	0.87
Interest & Investment Income	1.67	1.34	0.53
Other Income / (Expense), net	3.10	2.78	0.34
Income Tax Expense	-0.08	-0.98	0.34
Basic Earnings per Share	($1.27)	($0.90)	($1.23)
Weighted Average Basic Shares Outstanding	47.90M	46.08M	44.44M
Diluted Earnings per Share	($1.27)	($0.90)	($1.23)
Weighted Average Diluted Shares Outstanding	47.90M	46.08M	44.44M
Weighted Average Basic & Diluted Shares Outstanding	49.03M	47.29M	45.70M

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

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	13	-4.61	-89
Net Cash From Operating Activities	-2.36	10	-15
Net Cash From Continuing Operating Activities	-2.36	10	-15
Net Income / (Loss) Continuing Operations	-61	-42	-55
Consolidated Net Income / (Loss)	-61	-42	-55
Depreciation Expense	13	12	11
Amortization Expense	4.61	3.63	4.61
Non-Cash Adjustments To Reconcile Net Income	30	28	33
Changes in Operating Assets and Liabilities, net	11	8.06	-8.23
Net Cash From Investing Activities	17	-14	-72
Net Cash From Continuing Investing Activities	17	-14	-72
Purchase of Property, Plant & Equipment	-7.93	-5.34	-21
Acquisitions	0.00	0.00	-1.00
Purchase of Investments	-89	-128	-100
Sale and/or Maturity of Investments	113	119	50
Net Cash From Financing Activities	-1.30	-0.86	-1.31
Net Cash From Continuing Financing Activities	-1.30	-0.86	-1.31
Issuance of Common Equity	2.72	2.47	2.36
Other Financing Activities, net	-4.02	-3.33	-3.66
Effect of Exchange Rate Changes	-0.41	0.26	-0.48
Cash Interest Paid	0.06	0.04	0.00
Cash Income Taxes Paid	0.72	0.26	0.44

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	24	-7.93	-12	8.10	1.12	10	-6.58	-9.42	-4.36	-8.45
Net Cash From Operating Activities	-3.89	-5.62	-4.23	11	0.40	13	-4.11	0.64	0.01	-2.79
Net Cash From Continuing Operating Activities	-3.89	-5.62	-4.23	11	0.40	13	-4.11	0.64	0.01	-2.79
Net Income / (Loss) Continuing Operations	-25	-10	-12	-14	-13	-12	-8.82	-7.73	-23	-13
Consolidated Net Income / (Loss)	-25	-10	-12	-14	-13	-12	-8.82	-7.73	-23	-13
Depreciation Expense	3.63	3.12	3.11	3.14	3.11	3.06	3.13	3.11	2.95	2.92
Amortization Expense	1.21	1.16	0.98	1.26	0.93	0.93	0.90	0.87	1.12	1.16
Non-Cash Adjustments To Reconcile Net Income	7.70	8.28	8.12	5.49	6.56	7.81	7.80	5.51	9.66	8.10
Changes in Operating Assets and Liabilities, net	8.54	-7.84	-4.71	15	3.05	13	-7.11	-1.11	8.94	-2.02
Net Cash From Investing Activities	28	-1.98	-7.40	-1.55	-0.94	-2.34	-0.78	-10	-4.92	-4.34
Net Cash From Continuing Investing Activities	28	-1.98	-7.40	-1.55	-0.94	-2.34	-0.78	-10	-4.92	-4.34
Purchase of Property, Plant & Equipment	-2.62	-1.61	-2.15	-1.56	-0.95	-2.75	-0.96	-0.68	-4.95	-3.55
Sale and/or Maturity of Investments	30	34	25	24	25	44	25	25	50	-
Net Cash From Financing Activities	1.07	-0.57	-0.18	-1.62	1.20	-0.48	-1.54	-0.04	0.31	-1.04
Net Cash From Continuing Financing Activities	1.07	-0.57	-0.18	-1.62	1.20	-0.48	-1.54	-0.04	0.31	-1.04
Issuance of Common Equity	1.37	-	-	-	1.25	-	-	-	1.16	-
Other Financing Activities, net	-0.30	-0.57	-1.54	-1.62	-0.05	-0.48	-2.76	-0.04	-0.84	-1.04
Effect of Exchange Rate Changes	-0.42	0.24	-0.11	-0.12	0.45	-0.06	-0.16	0.02	0.24	-0.28
Cash Interest Paid	0.02	0.02	-	-	0.02	-	-	-	-	-
Cash Income Taxes Paid	0.41	-0.01	0.10	0.21	-0.01	0.01	0.12	0.14	0.19	0.06

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	270	307	329
Total Current Assets	194	221	231
Cash & Equivalents	66	53	58
Restricted Cash	0.26	0.26	0.25
Short-Term Investments	35	60	50
Accounts Receivable	35	40	38
Inventories, net	41	52	68
Prepaid Expenses	18	16	17
Plant, Property, & Equipment, net	47	52	61
Total Noncurrent Assets	29	34	38
Goodwill	12	12	12
Intangible Assets	0.83	1.65	4.04
Other Noncurrent Operating Assets	16	20	21
Total Liabilities & Shareholders' Equity	270	307	329
Total Liabilities	54	52	58
Total Current Liabilities	34	33	34
Accounts Payable	15	12	18
Accrued Expenses	13	13	13
Current Deferred Revenue	3.58	4.85	1.41
Other Current Liabilities	2.31	3.18	2.76
Total Noncurrent Liabilities	20	20	24
Noncurrent Deferred Revenue	5.54	5.39	6.70
Other Noncurrent Operating Liabilities	14	14	17
Total Equity & Noncontrolling Interests	216	254	271
Total Preferred & Common Equity	216	254	271
Total Common Equity	216	254	271
Common Stock	545	521	496
Retained Earnings	-325	-264	-223
Accumulated Other Comprehensive Income / (Loss)	-3.33	-2.48	-2.75

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

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-5.42%	-13.28%	-10.40%
EBITDA Growth	-60.73%	28.43%	-163.56%
EBIT Growth	-42.16%	19.67%	-83.27%
NOPAT Growth	-40.35%	15.13%	-82.35%
Net Income Growth	-45.89%	23.65%	-83.96%
EPS Growth	-41.11%	26.83%	-75.71%
Operating Cash Flow Growth	-123.38%	169.39%	-95.38%
Free Cash Flow Firm Growth	-72.99%	74.33%	22.77%
Invested Capital Growth	-18.27%	-12.99%	4.36%
Revenue Q/Q Growth	-2.22%	-2.23%	-4.26%
EBITDA Q/Q Growth	-34.65%	25.27%	-56.79%
EBIT Q/Q Growth	-24.63%	17.74%	-35.92%
NOPAT Q/Q Growth	-22.57%	16.37%	-36.82%
Net Income Q/Q Growth	-23.89%	18.44%	-34.20%
EPS Q/Q Growth	-23.30%	20.35%	-33.70%
Operating Cash Flow Q/Q Growth	-222.10%	4.06%	41.08%
Free Cash Flow Firm Q/Q Growth	-11.09%	14.41%	28.01%
Invested Capital Q/Q Growth	-10.01%	-4.33%	-6.26%
Profitability Metrics	-	-	-
Gross Margin	16.63%	21.97%	21.00%
EBITDA Margin	-22.63%	-13.32%	-16.14%
Operating Margin	-33.06%	-22.28%	-22.76%
EBIT Margin	-31.50%	-20.96%	-22.62%
Profit (Net Income) Margin	-30.62%	-19.85%	-22.55%
Tax Burden Percent	99.88%	97.71%	100.63%
Interest Burden Percent	97.33%	96.95%	99.03%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-35.79%	-21.56%	-24.26%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.92%	-13.50%	-11.71%
Return on Net Nonoperating Assets (RNNOA)	9.97%	5.70%	5.21%
Return on Equity (ROE)	-25.82%	-15.87%	-19.05%
Cash Return on Invested Capital (CROIC)	-15.69%	-7.67%	-28.52%
Operating Return on Assets (OROA)	-21.67%	-13.83%	-15.58%
Return on Assets (ROA)	-21.07%	-13.10%	-15.53%
Return on Common Equity (ROCE)	-25.82%	-15.87%	-19.05%
Return on Equity Simple (ROE_SIMPLE)	-28.09%	-16.38%	-20.15%
Net Operating Profit after Tax (NOPAT)	-46	-33	-39
NOPAT Margin	-23.14%	-15.59%	-15.93%
Net Nonoperating Expense Percent (NNEP)	-13.87%	-8.06%	-12.55%
Return On Investment Capital (ROIC_SIMPLE)	-21.23%	-12.87%	-14.24%
Cost of Revenue to Revenue	83.37%	78.03%	79.00%
SG&A Expenses to Revenue	24.81%	21.86%	19.94%
R&D to Revenue	22.72%	21.99%	22.21%
Operating Expenses to Revenue	49.69%	44.24%	43.76%
Earnings before Interest and Taxes (EBIT)	-63	-44	-55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-45	-28	-39
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.35	2.48	1.70
Price to Tangible Book Value (P/TBV)	2.50	2.62	1.81
Price to Revenue (P/Rev)	2.56	3.00	1.90
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.53	3.66	2.16
Enterprise Value to Revenue (EV/Rev)	2.05	2.46	1.45
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	51.25	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.45	-0.42	-0.45
Leverage Ratio	1.23	1.21	1.23
Compound Leverage Factor	1.19	1.17	1.21
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	4.66	6.96	4.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	5.67	6.73	6.69
Quick Ratio	3.96	4.66	4.24
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-12	-45
Operating Cash Flow to CapEx	-29.74%	189.01%	-67.99%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.69	0.66	0.69
Accounts Receivable Turnover	5.33	5.42	6.09
Inventory Turnover	3.56	2.74	2.71
Fixed Asset Turnover	4.00	3.72	4.15
Accounts Payable Turnover	12.15	11.04	8.72
Days Sales Outstanding (DSO)	68.46	67.37	59.93
Days Inventory Outstanding (DIO)	102.49	133.43	134.89
Days Payable Outstanding (DPO)	30.04	33.06	41.85
Cash Conversion Cycle (CCC)	140.92	167.74	152.97
Capital & Investment Metrics	-	-	-
Invested Capital	115	141	162
Invested Capital Turnover	1.55	1.38	1.52
Increase / (Decrease) in Invested Capital	-26	-21	6.78
Enterprise Value (EV)	407	517	351
Market Capitalization	508	630	459
Book Value per Share	$4.47	$5.45	$5.98
Tangible Book Value per Share	$4.20	$5.15	$5.62
Total Capital	216	254	271
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-101	-113	-108
Capital Expenditures (CapEx)	7.93	5.34	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	59	75	88
Debt-free Net Working Capital (DFNWC)	160	188	196
Net Working Capital (NWC)	160	188	196
Net Nonoperating Expense (NNE)	15	8.93	16
Net Nonoperating Obligations (NNO)	-101	-113	-108
Total Depreciation and Amortization (D&A)	18	16	16
Debt-free, Cash-free Net Working Capital to Revenue	29.66%	35.57%	36.27%
Debt-free Net Working Capital to Revenue	80.51%	89.46%	81.08%
Net Working Capital to Revenue	80.51%	89.46%	81.08%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.27)	($0.90)	($1.23)
Adjusted Weighted Average Basic Shares Outstanding	47.90M	46.08M	44.44M
Adjusted Diluted Earnings per Share	($1.27)	($0.90)	($1.23)
Adjusted Weighted Average Diluted Shares Outstanding	47.90M	46.08M	44.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.03M	47.29M	45.70M
Normalized Net Operating Profit after Tax (NOPAT)	-43	-32	-36
Normalized NOPAT Margin	-21.63%	-15.32%	-14.81%
Pre Tax Income Margin	-30.66%	-20.32%	-22.41%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

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

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

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 2 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 -$54.58 million in 2022. The previous period was -$41.67 million in 2023. See where experts think nLIGHT is headed by visiting nLIGHT's forecast page.

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 revenue changed over the last 2 years?

Over the last 2 years, nLIGHT's total revenue changed from $242.06 million in 2022 to $198.55 million in 2024, a change of -18.0%.

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 7.8% decrease since 2022.

How much cash does nLIGHT have?

In the past 2 years, nLIGHT's cash and equivalents has ranged from $53.21 million in 2023 to $65.83 million in 2024, 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 2 years?

Over the last 2 years, nLIGHT's book value per share changed from 5.98 in 2022 to 4.47 in 2024, a change of -25.2%.

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This page (NASDAQ:LASR) was last updated on 5/25/2025 by MarketBeat.com Staff

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nLIGHT (LASR) Financials

Frequently Asked Questions About nLIGHT's Financials

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nLIGHT (LASR) Financials

Annual Income Statements for nLIGHT

Quarterly Income Statements for nLIGHT

Annual Cash Flow Statements for nLIGHT

Quarterly Cash Flow Statements for nLIGHT

Annual Balance Sheets for nLIGHT

Quarterly Balance Sheets for nLIGHT

Annual Metrics And Ratios for nLIGHT

Quarterly Metrics And Ratios for nLIGHT

Frequently Asked Questions About nLIGHT's Financials

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