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nLight (LASR) Financials

nLight logo
$81.33 +0.91 (+1.13%)
Closing price 04:00 PM Eastern
Extended Trading
$80.30 -1.03 (-1.27%)
As of 06:05 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for nLight

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -14 0.00 9.52 -13 -21 -30 -55 -42 -61 -23
Consolidated Net Income / (Loss)		 -14 1.84 14 -13 -21 -30 -55 -42 -61 -23
Net Income / (Loss) Continuing Operations		 -14 1.84 148 -13 -21 -30 -55 -42 -61 -23
Total Pre-Tax Income 		-12 6.70 18 -6.77 -21 -30 -54 -43 -61 -23
Total Operating Income		 -9.34 9.80 17 -9.91 -21 -30 -55 -47 -66 -27
Total Gross Profit		 23 44 134 52 59 77 51 46 33 78
Total Revenue		 101 139 383 177 223 270 242 210 199 261
Operating Revenue		 101 139 383 177 223 270 242 210 199 261
Total Cost of Revenue		 78 94 249 124 163 193 191 164 166 183
Operating Cost of Revenue		 78 94 249 124 163 193 191 164 166 183
Total Operating Expenses		 33 34 -17 62 80 108 106 93 99 105
Selling, General & Admin Expense		 17 19 29 34 39 53 48 46 49 54
Research & Development Expense		 15 15 21 28 41 55 54 46 45 48
Restructuring Charge		 - - - - 0.00 0.00 3.89 0.82 4.29 2.35
Total Other Income / (Expense), net		 -2.98 -3.10 0.48 3.14 0.46 0.17 0.87 4.12 4.77 3.78
Interest Expense		 - - - - - - - 0.07 0.11 1.08
Interest & Investment Income		 -2.23 -1.27 0.73 2.61 0.08 -0.16 0.53 1.41 1.77 4.91
Other Income / (Expense), net		 -0.75 -1.83 -0.25 0.54 0.38 0.34 0.34 2.78 3.10 -0.04
Income Tax Expense		 1.88 4.86 3.60 6.12 0.34 -0.38 0.34 -0.98 -0.08 0.70
Basic Earnings per Share		 ($5.68) $0.00 $0.38 ($0.35) ($0.55) ($0.70) ($1.23) ($0.90) ($1.27) ($0.47)
Weighted Average Basic Shares Outstanding		 2.50M 2.74M 24.86M 37.12M 38.37M 42.14M 44.44M 46.08M 47.90M 49.98M
Diluted Earnings per Share		 ($5.68) $0.00 $0.32 ($0.35) ($0.55) ($0.70) ($1.23) ($0.90) ($1.27) ($0.47)
Weighted Average Diluted Shares Outstanding		 2.50M 2.74M 29.96M 37.12M 38.37M 42.14M 44.44M 46.08M 47.90M 49.98M
Weighted Average Basic & Diluted Shares Outstanding		 - - 36.75M - 40.13M 44.34M 45.70M 47.29M 49.03M 55.79M

Quarterly Income Statements for nLight

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -12 -13 -14 -12 -10 -25 -8.09 -3.59 -6.87 -4.91 0.65
Consolidated Net Income / (Loss)		 -12 -13 -14 -12 -10 -25 -8.09 -3.59 -6.87 -4.91 0.65
Net Income / (Loss) Continuing Operations		 -12 -13 -14 -12 -10 -25 -8.09 -3.59 -6.87 -4.91 0.65
Total Pre-Tax Income 		-12 -13 -14 -12 -10 -26 -7.96 -3.57 -6.60 -4.64 0.70
Total Operating Income		 -13 -14 -15 -13 -12 -26 -9.61 -4.24 -7.30 -5.41 -0.72
Total Gross Profit		 9.94 9.80 7.49 12 13 1.13 14 18 21 25 27
Total Revenue		 51 52 45 51 56 47 52 62 67 81 80
Operating Revenue		 51 52 45 51 56 47 52 62 67 81 80
Total Cost of Revenue		 41 42 37 39 44 46 38 43 46 56 54
Operating Cost of Revenue		 41 42 37 39 44 46 38 43 46 56 54
Total Operating Expenses		 22 24 22 25 24 28 23 23 28 30 27
Selling, General & Admin Expense		 12 11 12 13 13 12 12 12 15 16 15
Research & Development Expense		 11 12 11 12 11 11 11 11 12 14 12
Restructuring Charge		 - - - - 0.00 - 0.00 - 1.73 - 0.30
Total Other Income / (Expense), net		 0.84 1.13 1.10 1.08 1.73 0.87 1.65 0.66 0.70 0.77 1.42
Interest Expense		 - - - 0.02 0.03 - 0.05 0.39 0.32 - 0.30
Interest & Investment Income		 0.30 0.35 0.46 0.48 0.42 0.36 1.69 1.11 1.08 1.08 1.56
Other Income / (Expense), net		 0.54 0.78 0.64 0.62 1.33 0.51 0.01 -0.06 -0.06 0.07 0.16
Income Tax Expense		 0.19 0.03 0.14 0.12 0.26 -0.60 0.14 0.02 0.27 0.27 0.05
Basic Earnings per Share		 ($0.26) ($0.28) ($0.29) ($0.25) ($0.21) ($0.52) ($0.16) ($0.07) ($0.14) ($0.10) $0.01
Weighted Average Basic Shares Outstanding		 46.40M 46.08M 47.24M 47.66M 48.13M 47.90M 49.09M 49.58M 50.29M 49.98M 54.12M
Diluted Earnings per Share		 ($0.26) ($0.28) ($0.29) ($0.25) ($0.21) ($0.52) ($0.16) ($0.07) ($0.14) ($0.10) $0.01
Weighted Average Diluted Shares Outstanding		 46.40M 46.08M 47.24M 47.66M 48.13M 47.90M 49.09M 49.58M 50.29M 49.98M 59.98M
Weighted Average Basic & Diluted Shares Outstanding		 46.69M 47.29M 47.57M 48.13M 48.43M 49.03M 49.44M 49.90M 50.79M 55.79M 56.41M

Annual Cash Flow Statements for nLight

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 6.65 23 113 -32 -15 44 -89 -4.61 13 33
Net Cash From Operating Activities		 5.96 3.41 3.38 -4.24 13 -7.44 -15 10 -2.36 21
Net Cash From Continuing Operating Activities		 5.96 3.41 3.38 -4.24 13 -7.44 -15 10 -2.36 21
Net Income / (Loss) Continuing Operations		 -14 1.84 14 -13 -21 -30 -55 -42 -61 -23
Consolidated Net Income / (Loss)		 -14 1.84 14 -13 -21 -30 -55 -42 -61 -23
Depreciation Expense		 8.10 7.92 5.87 6.58 7.71 9.18 11 12 13 12
Amortization Expense		 - - 2.42 2.98 5.98 5.88 4.61 3.63 4.61 1.93
Non-Cash Adjustments To Reconcile Net Income		 0.64 1.52 4.85 9.33 28 41 33 28 30 29
Changes in Operating Assets and Liabilities, net		 11 -7.87 -24 -10 -8.18 -34 -8.23 8.06 11 1.22
Net Cash From Investing Activities		 -4.03 -5.48 -12 -30 -25 -22 -72 -14 17 -8.77
Net Cash From Continuing Investing Activities		 -4.03 -5.48 -12 -30 -25 -22 -72 -14 17 -8.77
Purchase of Property, Plant & Equipment		 -4.06 -5.48 -11 - -23 -19 -21 -5.34 -7.93 -9.03
Purchase of Investments		 - - - - 0.00 0.00 -100 -128 -89 -79
Sale of Property, Plant & Equipment		 0.04 0.01 0.04 -12 - - - 0.00 0.00 0.54
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 50 119 113 78
Net Cash From Financing Activities		 3.64 24 121 2.45 -3.77 74 -1.31 -0.86 -1.30 20
Net Cash From Continuing Financing Activities		 3.64 24 121 2.45 -3.77 74 -1.31 -0.86 -1.30 20
Issuance of Debt		 0.00 12 16 0.00 15 - - 0.00 0.00 20
Issuance of Common Equity		 0.00 0.00 138 1.47 1.39 84 2.36 2.47 2.72 2.90
Other Financing Activities, net		 0.05 0.34 0.36 1.04 -5.05 -9.79 -3.66 -3.33 -4.02 -2.79
Effect of Exchange Rate Changes		 1.07 0.83 -0.17 - 0.55 -0.24 -0.48 0.26 -0.41 0.26
Cash Interest Paid		 2.06 1.44 - - -0.31 0.12 0.00 0.04 0.06 1.07

Quarterly Cash Flow Statements for nLight

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 10 1.12 8.10 -12 -7.93 24 16 -3.38 2.36 18 200
Net Cash From Operating Activities		 13 0.40 11 -4.23 -5.62 -3.89 -0.02 -1.39 5.22 18 9.68
Net Cash From Continuing Operating Activities		 13 0.40 11 -4.23 -5.62 -3.89 -0.02 -1.39 5.22 18 9.68
Net Income / (Loss) Continuing Operations		 -12 -13 -14 -12 -10 -25 -8.09 -3.59 -6.87 -4.91 0.65
Consolidated Net Income / (Loss)		 -12 -13 -14 -12 -10 -25 -8.09 -3.59 -6.87 -4.91 0.65
Depreciation Expense		 3.06 3.11 3.14 3.11 3.12 3.63 3.17 3.05 2.93 3.18 3.16
Amortization Expense		 0.93 0.93 1.26 0.98 1.16 1.21 0.50 0.37 0.38 0.68 0.21
Non-Cash Adjustments To Reconcile Net Income		 7.81 6.56 5.49 8.12 8.28 7.70 4.95 6.25 11 6.70 12
Changes in Operating Assets and Liabilities, net		 13 3.05 15 -4.71 -7.84 8.54 -0.55 -7.46 -2.64 12 -6.02
Net Cash From Investing Activities		 -2.34 -0.94 -1.55 -7.40 -1.98 28 -2.43 -1.95 -2.89 -1.50 -1.37
Net Cash From Continuing Investing Activities		 -2.34 -0.94 -1.55 -7.40 -1.98 28 -2.43 -1.95 -2.89 -1.50 -1.37
Purchase of Property, Plant & Equipment		 -2.75 -0.95 -1.56 -2.15 -1.61 -2.62 -2.28 -2.39 -2.77 -1.59 -2.11
Purchase of Investments		 -44 -25 -24 -30 -34 - -34 - -34 -9.90 -34
Sale and/or Maturity of Investments		 44 25 24 25 34 30 34 - 34 9.89 35
Net Cash From Financing Activities		 -0.48 1.20 -1.62 -0.18 -0.57 1.07 19 -0.28 0.03 1.59 191
Net Cash From Continuing Financing Activities		 -0.48 1.20 -1.62 -0.18 -0.57 1.07 19 -0.28 0.03 1.59 191
Issuance of Debt		 - - 0.00 - - - 20 - - - 0.00
Issuance of Common Equity		 - 1.25 - - - 1.37 0.00 - - 1.51 191
Other Financing Activities, net		 -0.48 -0.05 -1.62 -1.54 -0.57 -0.30 -1.24 -1.66 0.03 0.08 -0.04
Effect of Exchange Rate Changes		 -0.06 0.45 -0.12 -0.11 0.24 -0.42 0.06 0.23 -0.01 -0.01 -0.04
Cash Interest Paid		 - 0.02 0.00 - 0.02 0.02 0.01 0.41 0.32 0.33 0.29

Annual Balance Sheets for nLight

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 2025
Period end date 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 110 250 284 374 329 307 270 315
Total Current Assets		 85 199 201 277 231 221 194 243
Cash & Equivalents		 37 117 102 147 58 53 66 99
Restricted Cash		 - - - - 0.25 0.26 0.26 0.32
Short-Term Investments		 - - - 0.00 50 60 35 35
Accounts Receivable		 13 27 32 42 38 40 35 51
Inventories, net		 30 46 55 74 68 52 41 45
Prepaid Expenses		 4.97 8.08 12 15 17 16 18 13
Plant, Property, & Equipment, net		 18 28 44 56 61 52 47 42
Total Noncurrent Assets		 7.60 24 39 40 38 34 29 30
Goodwill		 1.39 9.87 12 12 12 12 12 12
Other Noncurrent Operating Assets		 4.37 3.75 18 21 21 20 16 17
Total Liabilities & Shareholders' Equity		 110 250 284 374 329 307 270 315
Total Liabilities		 49 33 64 71 58 52 54 88
Total Current Liabilities		 29 25 41 46 34 33 34 64
Short-Term Debt		 2.36 0.05 0.18 - - - 0.00 20
Accounts Payable		 13 13 21 26 18 12 15 21
Accrued Expenses		 13 12 15 15 13 13 13 19
Current Deferred Revenue		 0.96 0.68 2.53 1.63 1.41 4.85 3.58 1.49
Other Current Liabilities		 - 0.00 2.27 3.07 2.76 3.18 2.31 2.78
Total Noncurrent Liabilities		 20 8.32 22 26 24 20 20 24
Noncurrent Deferred Revenue		 3.93 6.43 7.56 7.15 6.70 5.39 5.54 5.90
Other Noncurrent Operating Liabilities		 0.93 1.89 15 19 17 14 14 18
Total Equity & Noncontrolling Interests		 61 217 220 302 271 254 216 227
Total Preferred & Common Equity		 61 217 220 302 271 254 216 227
Total Common Equity		 61 217 220 302 271 254 216 227
Common Stock		 181 337 359 471 496 521 545 578
Retained Earnings		 -119 -117 -138 -168 -223 -264 -325 -349
Accumulated Other Comprehensive Income / (Loss)		 -0.72 -2.69 -0.26 -0.59 -2.75 -2.48 -3.33 -3.06

Quarterly Balance Sheets for nLight

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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 349 330 322 313 303 294 291 290 295 299 516
Total Current Assets		 251 233 229 224 219 213 211 216 223 228 446
Cash & Equivalents		 62 48 42 52 61 49 41 82 79 81 298
Restricted Cash		 0.25 - - 0.26 0.26 0.26 0.26 0.26 0.26 0.32 0.32
Short-Term Investments		 50 60 60 60 60 65 65 35 35 35 34
Accounts Receivable		 44 36 46 36 28 32 40 37 44 49 48
Inventories, net		 81 67 65 62 53 52 49 44 48 51 44
Prepaid Expenses		 14 22 16 16 18 13 15 19 16 12 22
Plant, Property, & Equipment, net		 63 59 57 54 50 49 48 45 45 44 41
Total Noncurrent Assets		 34 38 36 34 33 32 32 29 27 26 28
Goodwill		 12 12 12 12 12 12 12 12 12 12 12
Other Noncurrent Operating Assets		 17 22 21 20 19 19 19 15 14 13 16
Total Liabilities & Shareholders' Equity		 349 330 322 313 303 294 291 290 295 299 516
Total Liabilities		 63 61 57 53 58 55 56 77 79 80 86
Total Current Liabilities		 39 37 36 34 38 35 36 37 40 41 63
Short-Term Debt		 - - - - - - - - - - 20
Accounts Payable		 20 18 18 14 14 13 16 17 18 17 19
Accrued Expenses		 15 15 14 14 14 13 14 15 16 19 17
Current Deferred Revenue		 1.74 1.27 1.37 2.02 7.58 5.65 2.92 2.85 2.46 2.35 4.09
Other Current Liabilities		 2.70 3.00 3.09 3.05 3.17 2.93 2.62 2.53 2.41 2.31 2.90
Total Noncurrent Liabilities		 24 24 20 20 20 20 20 40 40 40 23
Noncurrent Deferred Revenue		 6.53 6.92 5.19 5.27 5.49 5.51 5.64 5.61 5.54 5.71 5.99
Other Noncurrent Operating Liabilities		 17 17 15 14 15 14 14 14 14 14 17
Total Equity & Noncontrolling Interests		 286 269 265 260 244 240 235 213 216 218 429
Total Preferred & Common Equity		 286 269 265 260 244 240 235 213 216 218 429
Total Common Equity		 286 269 265 260 244 240 235 213 216 218 429
Common Stock		 490 502 508 514 525 532 538 550 556 565 780
Retained Earnings		 -200 -230 -239 -251 -278 -290 -300 -333 -337 -344 -348
Accumulated Other Comprehensive Income / (Loss)		 -4.07 -2.17 -3.12 -3.23 -2.59 -2.51 -2.39 -3.73 -2.99 -3.02 -3.34

Annual Metrics And Ratios for nLight

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 36.77% 176.17% -53.85% 26.14% 21.26% -10.40% -13.28% -5.42% 31.62%
EBITDA Growth		 0.00% 897.49% 57.99% -99.24% -3,776.32% -112.20% -163.56% 28.43% -60.73% 72.56%
EBIT Growth		 0.00% 178.92% 111.07% -155.76% -120.50% -44.56% -83.27% 19.67% -42.16% 57.48%
NOPAT Growth		 0.00% 141.13% 404.41% -151.15% -112.41% -43.56% -82.35% 15.13% -40.35% 59.55%
Net Income Growth		 0.00% 112.93% 658.74% -192.44% -62.47% -41.74% -83.96% 23.65% -45.89% 61.40%
EPS Growth		 0.00% 100.00% 0.00% -209.38% -57.14% -27.27% -75.71% 26.83% -41.11% 62.99%
Operating Cash Flow Growth		 0.00% -42.76% -1.03% -225.62% 407.50% -157.07% -95.38% 169.39% -123.38% 1,004.20%
Free Cash Flow Firm Growth		 0.00% 0.00% 241.26% -291.17% 68.63% -76.03% 22.77% 74.33% -72.99% 21.02%
Invested Capital Growth		 0.00% 0.00% -100.00% 0.00% 18.74% 31.83% 4.36% -12.99% -18.27% -2.32%
Revenue Q/Q Growth		 0.00% 0.00% 109.50% 0.00% 0.00% 19.97% -4.26% -2.23% -2.22% 14.86%
EBITDA Q/Q Growth		 0.00% 0.00% 6.46% -97.83% -154.99% -45.11% -56.79% 25.27% -34.65% 61.39%
EBIT Q/Q Growth		 0.00% 0.00% -1.34% 0.00% 0.00% -18.21% -35.92% 17.74% -24.63% 43.64%
NOPAT Q/Q Growth		 0.00% 0.00% 3.08% 0.00% 0.00% -16.95% -36.82% 16.37% -22.57% 44.19%
Net Income Q/Q Growth		 0.00% 0.00% 10.00% 0.00% 0.00% -16.64% -34.20% 18.44% -23.89% 46.08%
EPS Q/Q Growth		 0.00% 0.00% -59.49% 0.00% 0.00% -12.90% -33.70% 20.35% -23.30% 47.19%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -37.01% -542.58% 5.62% -819.83% 41.08% 4.06% -222.10% 28,540.00%
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% 41.88%
Invested Capital Q/Q Growth		 0.00% 0.00% -100.00% 20.61% 11.05% 12.42% -6.26% -4.33% -10.01% -7.83%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 22.86% 31.95% 34.99% 29.63% 26.65% 28.62% 21.00% 21.97% 16.63% 29.83%
EBITDA Margin		 -1.97% 11.46% 6.56% 0.11% -3.14% -5.49% -16.14% -13.32% -22.63% -4.72%
Operating Margin		 -9.22% 7.07% 4.46% -5.61% -9.45% -11.19% -22.76% -22.28% -33.06% -10.16%
EBIT Margin		 -9.96% 5.75% 4.39% -5.31% -9.28% -11.06% -22.62% -20.96% -31.50% -10.17%
Profit (Net Income) Margin		 -14.02% 1.33% 3.64% -7.29% -9.40% -10.98% -22.55% -19.85% -30.62% -8.98%
Tax Burden Percent		 115.28% 27.44% 79.47% 190.45% 101.65% 98.75% 100.63% 97.71% 99.88% 103.07%
Interest Burden Percent		 122.09% 84.07% 104.33% 72.17% 99.62% 100.55% 99.03% 96.95% 97.33% 85.63%
Effective Tax Rate		 0.00% 72.56% 20.53% 0.00% 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% -16.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 21.64% 60.54% -3.81% -7.89% -8.60% -11.71% -13.50% -21.92% -11.74%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -6.79% -18.99% 2.06% 3.96% 4.09% 5.21% 5.70% 9.97% 5.69%
Return on Equity (ROE)		 0.00% 5.99% 45.48% -11.90% -9.59% -11.37% -19.05% -15.87% -25.82% -10.59%
Cash Return on Invested Capital (CROIC)		 0.00% -187.22% 264.47% -213.96% -30.68% -42.92% -28.52% -7.67% -15.69% -13.94%
Operating Return on Assets (OROA)		 0.00% 7.23% 30.52% -7.50% -7.75% -9.09% -15.58% -13.83% -21.67% -9.08%
Return on Assets (ROA)		 0.00% 1.67% 25.31% -10.31% -7.85% -9.03% -15.53% -13.10% -21.07% -8.02%
Return on Common Equity (ROCE)		 0.00% 5.99% 45.46% -11.90% -9.59% -11.37% -19.05% -15.87% -25.82% -10.59%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 3.00% 0.00% -5.95% -9.52% -9.82% -20.15% -16.38% -28.09% 0.00%
Net Operating Profit after Tax (NOPAT)		 -6.54 2.69 14 -6.94 -15 -21 -39 -33 -46 -19
NOPAT Margin		 -6.45% 1.94% 3.54% -3.93% -6.61% -7.83% -15.93% -15.59% -23.14% -7.11%
Net Nonoperating Expense Percent (NNEP)		 0.00% -8.86% 3.93% -10.15% -5.66% -6.86% -12.55% -8.06% -13.87% -4.54%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - -14.24% -12.87% -21.23% -7.53%
Cost of Revenue to Revenue		 77.14% 68.05% 65.01% 70.37% 73.35% 71.38% 79.00% 78.03% 83.37% 70.17%
SG&A Expenses to Revenue		 17.04% 13.97% 7.54% 19.31% 17.62% 19.51% 19.94% 21.86% 24.81% 20.74%
R&D to Revenue		 15.04% 10.91% 5.50% 15.93% 18.48% 20.29% 22.21% 21.99% 22.72% 18.36%
Operating Expenses to Revenue		 32.08% 24.88% -4.46% 35.24% 36.09% 39.80% 43.76% 44.24% 49.69% 39.99%
Earnings before Interest and Taxes (EBIT)		 -10 7.96 17 -9.37 -21 -30 -55 -44 -63 -27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.99 16 25 0.19 -6.99 -15 -39 -28 -45 -12
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 8.40
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 8.89
Price to Revenue (P/Rev)		 0.95 0.69 1.70 4.34 5.77 3.89 1.90 3.00 2.56 7.29
Price to Earnings (P/E)		 0.00 0.00 68.28 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% 1.46% 0.00% 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 15.88
Enterprise Value to Revenue (EV/Rev)		 0.00 0.55 1.70 3.67 5.31 3.35 1.45 2.46 2.05 6.85
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 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 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 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 83.97
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 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 0.09
Long-Term Debt to Equity		 0.00 0.25 0.00 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 -0.48
Leverage Ratio		 0.00 1.80 1.80 1.15 1.22 1.26 1.23 1.21 1.23 1.32
Compound Leverage Factor		 0.00 1.51 1.87 0.83 1.22 1.27 1.21 1.17 1.19 1.13
Debt to Total Capital		 0.00% 22.18% 0.00% 0.02% 0.18% 0.00% 0.00% 0.00% 0.00% 8.11%
Short-Term Debt to Total Capital		 0.00% 3.00% 0.00% 0.02% 0.08% 0.00% 0.00% 0.00% 0.00% 8.11%
Long-Term Debt to Total Capital		 0.00% 19.18% 0.00% 0.00% 0.10% 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		 0.00% 77.79% 0.00% 99.98% 99.82% 100.00% 100.00% 100.00% 100.00% 91.89%
Debt to EBITDA		 0.00 1.10 0.00 0.27 -0.06 0.00 0.00 0.00 0.00 -1.62
Net Debt to EBITDA		 0.00 -1.21 0.00 -616.85 14.59 0.00 0.00 0.00 0.00 9.24
Long-Term Debt to EBITDA		 0.00 0.95 0.00 0.00 -0.03 0.00 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 -1.08
Net Debt to NOPAT		 0.00 -7.15 0.00 16.90 6.92 0.00 0.00 0.00 0.00 6.13
Long-Term Debt to NOPAT		 0.00 5.62 0.00 0.00 -0.01 0.00 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 12.60
Noncontrolling Interest Sharing Ratio		 0.00% 0.04% 0.04% 0.00% 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 3.79
Quick Ratio		 0.00 1.73 0.00 5.77 3.24 4.11 4.24 4.66 3.96 2.87
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -39 56 -106 -33 -59 -45 -12 -20 -16
Operating Cash Flow to CapEx		 147.98% 62.28% 32.01% -36.02% 55.69% -38.53% -67.99% 189.01% -29.74% 251.24%
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 -14.67
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.68
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 11.85
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 1.26 6.95 1.41 0.84 0.82 0.69 0.66 0.69 0.89
Accounts Receivable Turnover		 0.00 10.38 0.00 0.00 7.56 7.36 6.09 5.42 5.33 6.10
Inventory Turnover		 0.00 3.19 0.00 0.00 3.24 3.00 2.71 2.74 3.56 4.25
Fixed Asset Turnover		 0.00 7.71 0.00 0.00 6.17 5.37 4.15 3.72 4.00 5.87
Accounts Payable Turnover		 0.00 7.30 0.00 0.00 9.68 8.14 8.72 11.04 12.15 10.20
Days Sales Outstanding (DSO)		 0.00 35.17 0.00 0.00 48.29 49.58 59.93 67.37 68.46 59.87
Days Inventory Outstanding (DIO)		 0.00 114.45 0.00 0.00 112.61 121.57 134.89 133.43 102.49 85.80
Days Payable Outstanding (DPO)		 0.00 50.01 0.00 0.00 37.70 44.86 41.85 33.06 30.04 35.80
Cash Conversion Cycle (CCC)		 0.00 99.61 0.00 0.00 123.20 126.28 152.97 167.74 140.92 109.87
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 42 0.00 99 118 156 162 141 115 113
Invested Capital Turnover		 0.00 6.59 18.20 3.55 2.05 1.97 1.52 1.38 1.55 2.29
Increase / (Decrease) in Invested Capital		 0.00 42 -42 99 19 38 6.78 -21 -26 -2.68
Enterprise Value (EV)		 0.00 77 650 649 1,183 905 351 517 407 1,791
Market Capitalization		 96 96 650 766 1,285 1,052 459 630 508 1,905
Book Value per Share		 $0.00 $22.40 $0.00 $5.74 $5.59 $6.88 $5.98 $5.45 $4.47 $4.46
Tangible Book Value per Share		 $0.00 $21.22 $0.00 $5.21 $5.06 $6.44 $5.62 $5.15 $4.20 $4.22
Total Capital		 0.00 79 0.00 217 220 302 271 254 216 247
Total Debt		 0.00 17 0.00 0.05 0.40 0.00 0.00 0.00 0.00 20
Total Long-Term Debt		 0.00 15 0.00 0.00 0.22 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -19 0.00 -117 -102 -147 -108 -113 -101 -114
Capital Expenditures (CapEx)		 4.03 5.48 11 12 23 19 21 5.34 7.93 8.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 21 0.00 56 57 85 88 75 59 65
Debt-free Net Working Capital (DFNWC)		 0.00 58 0.00 174 159 231 196 188 160 199
Net Working Capital (NWC)		 0.00 56 0.00 174 159 231 196 188 160 179
Net Nonoperating Expense (NNE)		 7.67 0.85 -0.38 5.95 6.20 8.52 16 8.93 15 4.88
Net Nonoperating Obligations (NNO)		 0.00 -19 0.00 -117 -102 -147 -108 -113 -101 -114
Total Depreciation and Amortization (D&A)		 8.10 7.92 8.29 9.56 14 15 16 16 18 14
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% 24.88%
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% 76.14%
Net Working Capital to Revenue		 0.00% 40.19% 0.00% 98.27% 71.46% 85.67% 81.08% 89.46% 80.51% 68.49%
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) ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 2.50M 2.74M 24.86M 0.00 38.37M 42.14M 44.44M 46.08M 47.90M 49.98M
Adjusted Diluted Earnings per Share		 ($5.68) $0.00 $0.32 $0.00 ($0.55) ($0.70) ($1.23) ($0.90) ($1.27) ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 2.50M 2.74M 29.96M 0.00 38.37M 42.14M 44.44M 46.08M 47.90M 49.98M
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		 0.00 0.00 36.75M 0.00 40.13M 44.34M 45.70M 47.29M 49.03M 55.79M
Normalized Net Operating Profit after Tax (NOPAT)		 -6.54 6.86 14 -6.94 -15 -21 -36 -32 -43 -17
Normalized NOPAT Margin		 -6.45% 4.95% 3.54% -3.93% -6.61% -7.83% -14.81% -15.32% -21.63% -6.48%
Pre Tax Income Margin		 -12.16% 4.83% 4.58% -3.83% -9.24% -11.12% -22.41% -20.32% -30.66% -8.71%
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 -24.53
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -17.14
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -32.36
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -24.98
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		 -0.31% 10.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for nLight

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 55,791,319.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 55,791,319.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.01
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -15.74% -8.45% -17.68% -5.24% 10.85% -8.69% 16.04% 22.22% 18.91% 71.35% 55.19%
EBITDA Growth		 10.35% 49.82% -153.11% -20.76% 22.66% -121.45% 38.81% 88.99% 34.57% 92.99% 147.33%
EBIT Growth		 7.82% 41.16% -80.41% -13.54% 12.73% -91.13% 31.83% 64.42% 29.66% 79.41% 94.12%
NOPAT Growth		 3.47% 38.96% -79.33% -8.59% 5.84% -84.28% 34.71% 66.62% 38.14% 79.55% 90.12%
Net Income Growth		 8.31% 41.58% -78.09% -32.94% 13.00% -88.56% 41.21% 69.38% 33.49% 80.33% 107.97%
EPS Growth		 10.34% 45.10% -70.59% -31.58% 19.23% -85.71% 44.83% 72.00% 33.33% 80.77% 106.25%
Operating Cash Flow Growth		 571.83% 3,940.00% 1,666.30% -2.99% -142.71% -1,062.13% -100.18% 67.26% 192.88% 550.68% 48,515.00%
Free Cash Flow Firm Growth		 138.21% 147.61% 3,119.28% 2,063.95% -33.83% -33.91% -98.14% -100.96% -92.57% -115.10% -335.70%
Invested Capital Growth		 -14.75% -12.99% -23.49% -23.79% -13.11% -18.27% -5.88% -2.15% -4.62% -2.32% 0.47%
Revenue Q/Q Growth		 -5.01% 2.48% -14.19% 13.44% 11.12% -15.59% 9.05% 19.48% 8.11% 21.64% -1.24%
EBITDA Q/Q Growth		 -21.13% -18.97% -1.70% 17.60% 22.43% -240.65% 71.90% 85.17% -360.75% 63.51% 289.78%
EBIT Q/Q Growth		 -12.85% -13.07% -3.79% 14.27% 13.26% -147.64% 62.98% 55.25% -71.47% 27.52% 89.43%
NOPAT Q/Q Growth		 -7.23% -14.45% -2.62% 13.78% 7.02% -123.99% 63.64% 55.92% -72.31% 25.95% 82.44%
Net Income Q/Q Growth		 -34.64% -11.44% -3.99% 14.80% 11.89% -141.53% 67.58% 55.63% -91.42% 28.59% 113.14%
EPS Q/Q Growth		 -36.84% -7.69% -3.57% 13.79% 16.00% -147.62% 69.23% 56.25% -100.00% 28.57% 110.00%
Operating Cash Flow Q/Q Growth		 420.19% -96.93% 2,715.59% -137.19% -32.79% 30.80% 99.49% -6,825.00% 476.68% 235.79% -44.73%
Free Cash Flow Firm Q/Q Growth		 1,107.54% -34.08% 148.49% 9.39% -63.08% -34.15% -93.01% -156.59% 385.17% -233.81% -9.14%
Invested Capital Q/Q Growth		 -9.77% -4.33% -12.93% 1.38% 2.89% -10.01% 0.27% 5.41% 0.28% -7.83% 3.13%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.63% 18.89% 16.82% 23.46% 22.36% 2.39% 26.71% 29.90% 31.09% 30.74% 33.07%
EBITDA Margin		 -15.81% -18.35% -21.75% -15.80% -11.03% -44.50% -11.47% -1.42% -6.07% -1.82% 3.50%
Operating Margin		 -24.75% -27.64% -33.05% -25.12% -21.02% -55.78% -18.60% -6.86% -10.94% -6.66% -0.90%
EBIT Margin		 -23.69% -26.14% -31.61% -23.89% -18.65% -54.71% -18.57% -6.96% -11.03% -6.57% -0.70%
Profit (Net Income) Margin		 -23.46% -25.51% -30.92% -23.22% -18.41% -52.68% -15.66% -5.82% -10.30% -6.05% 0.80%
Tax Burden Percent		 101.60% 100.20% 101.06% 101.03% 102.59% 97.65% 101.72% 100.48% 104.14% 105.87% 92.41%
Interest Burden Percent		 97.47% 97.40% 96.77% 96.20% 96.24% 98.61% 82.91% 83.23% 89.65% 86.88% -123.76%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.59%
Return on Invested Capital (ROIC)		 -23.18% -26.75% -32.67% -24.10% -21.65% -60.39% -22.43% -8.44% -13.90% -10.67% -2.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 -20.41% -23.86% -29.65% -21.47% -19.76% -54.35% -21.18% -7.84% -12.16% -9.62% -2.71%
Return on Net Nonoperating Assets (RNNOA)		 8.40% 10.07% 13.26% 9.21% 8.74% 24.71% 10.11% 3.60% 5.44% 4.67% 1.73%
Return on Equity (ROE)		 -14.78% -16.68% -19.40% -14.89% -12.92% -35.67% -12.31% -4.85% -8.45% -6.00% -0.34%
Cash Return on Invested Capital (CROIC)		 -8.48% -7.67% 0.34% 0.65% -13.14% -15.69% -29.42% -27.38% -21.83% -13.94% -11.12%
Operating Return on Assets (OROA)		 -15.38% -17.25% -20.03% -15.32% -12.54% -37.65% -12.89% -5.12% -8.51% -5.87% -0.51%
Return on Assets (ROA)		 -15.23% -16.84% -19.58% -14.89% -12.38% -36.25% -10.87% -4.28% -7.94% -5.40% 0.58%
Return on Common Equity (ROCE)		 -14.78% -16.68% -19.40% -14.89% -12.92% -35.67% -12.31% -4.85% -8.45% -6.00% -0.34%
Return on Equity Simple (ROE_SIMPLE)		 -19.69% 0.00% -19.52% -21.13% -20.86% 0.00% -25.91% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.77 -10 -10 -8.88 -8.26 -19 -6.73 -2.97 -5.11 -3.78 -0.66
NOPAT Margin		 -17.32% -19.35% -23.14% -17.59% -14.71% -39.05% -13.02% -4.80% -7.66% -4.66% -0.83%
Net Nonoperating Expense Percent (NNEP)		 -2.77% -2.89% -3.02% -2.63% -1.90% -6.04% -1.25% -0.60% -1.74% -1.05% 0.64%
Return On Investment Capital (ROIC_SIMPLE)		 - -3.95% - - - -8.55% -2.89% -1.26% -2.14% -1.53% -0.15%
Cost of Revenue to Revenue		 80.37% 81.11% 83.18% 76.54% 77.64% 97.61% 73.29% 70.10% 68.91% 69.26% 66.93%
SG&A Expenses to Revenue		 23.16% 21.61% 25.93% 25.35% 23.20% 25.08% 23.29% 18.92% 22.15% 19.33% 18.82%
R&D to Revenue		 21.22% 23.34% 23.94% 23.23% 20.18% 24.03% 22.01% 17.84% 17.28% 17.31% 14.77%
Operating Expenses to Revenue		 44.38% 46.53% 49.87% 48.58% 43.38% 58.17% 45.31% 36.76% 42.03% 37.39% 33.96%
Earnings before Interest and Taxes (EBIT)		 -12 -14 -14 -12 -10 -26 -9.60 -4.29 -7.36 -5.34 -0.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.00 -9.52 -9.68 -7.98 -6.19 -21 -5.93 -0.88 -4.05 -1.48 2.81
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.86 2.48 2.48 2.17 2.19 2.35 1.79 4.50 6.77 8.40 7.41
Price to Tangible Book Value (P/TBV)		 1.97 2.62 2.63 2.30 2.32 2.50 1.91 4.79 7.19 8.89 7.63
Price to Revenue (P/Rev)		 2.25 3.00 3.03 2.63 2.53 2.56 1.85 4.49 6.50 7.29 10.98
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)		 2.52 3.66 3.95 3.25 3.18 3.53 2.45 7.20 11.30 15.88 24.66
Enterprise Value to Revenue (EV/Rev)		 1.73 2.46 2.42 2.05 2.01 2.05 1.38 4.05 6.08 6.85 9.90
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)		 38.35 51.25 23.32 19.57 210.93 0.00 0.00 0.00 0.00 83.97 92.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1,009.31 431.25 0.00 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 0.09 0.09 0.09 0.09 0.05
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.09 0.09 0.00 0.00
Financial Leverage		 -0.41 -0.42 -0.45 -0.43 -0.44 -0.45 -0.48 -0.46 -0.45 -0.48 -0.64
Leverage Ratio		 1.21 1.21 1.23 1.22 1.22 1.23 1.30 1.29 1.30 1.32 1.26
Compound Leverage Factor		 1.18 1.18 1.19 1.17 1.18 1.21 1.08 1.08 1.17 1.15 -1.55
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.59% 8.47% 8.39% 8.11% 4.45%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.11% 4.45%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.59% 8.47% 8.39% 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% 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% 91.41% 91.53% 91.61% 91.89% 95.55%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.49 -0.59 -0.63 -1.62 -5.55
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 2.35 2.76 3.01 9.24 86.87
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.49 -0.59 -0.63 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.47 -0.55 -0.60 -1.08 -1.62
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 2.29 2.58 2.89 6.13 25.31
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.47 -0.55 -0.60 0.00 0.00
Altman Z-Score		 5.61 7.29 6.17 5.58 5.37 5.11 2.69 7.20 10.89 12.83 22.58
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		 6.68 6.73 5.73 6.10 5.83 5.67 5.81 5.63 5.63 3.79 7.07
Quick Ratio		 4.38 4.66 3.88 4.21 4.07 3.96 4.13 4.00 4.07 2.87 6.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 17 11 27 30 11 7.31 0.51 -0.29 0.82 -1.10 -1.20
Operating Cash Flow to CapEx		 478.88% 42.39% 731.04% -197.11% -348.67% -148.42% -0.88% -57.88% 188.61% 1,173.34% 458.26%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.75 2.60 0.00 -4.01
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3.57 16.46 0.00 32.28
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -9.74 7.73 0.00 25.23
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.66 0.63 0.64 0.67 0.69 0.69 0.74 0.77 0.89 0.72
Accounts Receivable Turnover		 5.41 5.42 6.29 5.04 5.36 5.33 6.42 5.66 5.08 6.10 6.85
Inventory Turnover		 2.43 2.74 2.68 2.70 2.92 3.56 3.44 3.40 3.46 4.25 4.54
Fixed Asset Turnover		 3.66 3.72 3.67 3.71 3.98 4.00 4.30 4.60 4.94 5.87 6.71
Accounts Payable Turnover		 10.13 11.04 10.17 10.25 10.48 12.15 10.79 10.78 10.39 10.20 11.05
Days Sales Outstanding (DSO)		 67.42 67.37 58.01 72.46 68.12 68.46 56.90 64.46 71.87 59.87 53.32
Days Inventory Outstanding (DIO)		 150.40 133.43 136.20 135.03 124.88 102.49 106.20 107.40 105.56 85.80 80.32
Days Payable Outstanding (DPO)		 36.03 33.06 35.90 35.62 34.83 30.04 33.82 33.87 35.12 35.80 33.03
Cash Conversion Cycle (CCC)		 181.78 167.74 158.32 171.87 158.17 140.92 129.27 137.99 142.30 109.87 100.61
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 148 141 123 125 128 115 116 122 122 113 116
Invested Capital Turnover		 1.34 1.38 1.41 1.37 1.47 1.55 1.72 1.76 1.82 2.29 2.50
Increase / (Decrease) in Invested Capital		 -26 -21 -38 -39 -19 -26 -7.24 -2.68 -5.93 -2.68 0.54
Enterprise Value (EV)		 372 517 486 405 408 407 284 879 1,382 1,791 2,868
Market Capitalization		 484 630 607 520 514 508 381 973 1,479 1,905 3,181
Book Value per Share		 $5.58 $5.45 $5.17 $5.04 $4.89 $4.47 $4.34 $4.37 $4.38 $4.46 $7.69
Tangible Book Value per Share		 $5.27 $5.15 $4.88 $4.75 $4.61 $4.20 $4.07 $4.11 $4.12 $4.22 $7.47
Total Capital		 260 254 244 240 235 216 233 236 238 247 449
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 20 20 20 20 20
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 20 20 20 0.00 0.00
Net Debt		 -112 -113 -121 -115 -107 -101 -97 -94 -96 -114 -313
Capital Expenditures (CapEx)		 2.75 0.95 1.56 2.15 1.61 2.62 2.28 2.39 2.77 1.49 2.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 79 75 60 63 68 59 62 69 72 65 70
Debt-free Net Working Capital (DFNWC)		 191 188 181 178 175 160 179 183 188 199 403
Net Working Capital (NWC)		 191 188 181 178 175 160 179 183 188 179 383
Net Nonoperating Expense (NNE)		 3.11 3.20 3.46 2.85 2.08 6.46 1.37 0.63 1.76 1.13 -1.31
Net Nonoperating Obligations (NNO)		 -112 -113 -121 -115 -107 -101 -97 -94 -96 -114 -313
Total Depreciation and Amortization (D&A)		 3.99 4.04 4.39 4.09 4.28 4.84 3.67 3.42 3.31 3.86 3.37
Debt-free, Cash-free Net Working Capital to Revenue		 36.76% 35.57% 29.75% 31.81% 33.33% 29.66% 29.96% 31.97% 31.53% 24.88% 24.19%
Debt-free Net Working Capital to Revenue		 88.86% 89.46% 90.31% 89.93% 86.00% 80.51% 86.83% 84.51% 82.56% 76.14% 139.05%
Net Working Capital to Revenue		 88.86% 89.46% 90.31% 89.93% 86.00% 80.51% 86.83% 84.51% 82.56% 68.49% 132.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.26) ($0.28) ($0.29) ($0.25) ($0.21) ($0.52) ($0.16) ($0.07) ($0.14) ($0.10) $0.01
Adjusted Weighted Average Basic Shares Outstanding		 46.40M 46.08M 47.24M 47.66M 48.13M 47.90M 49.09M 49.58M 50.29M 49.98M 54.12M
Adjusted Diluted Earnings per Share		 ($0.26) ($0.28) ($0.29) ($0.25) ($0.21) ($0.52) ($0.16) ($0.07) ($0.14) ($0.10) $0.01
Adjusted Weighted Average Diluted Shares Outstanding		 46.40M 46.08M 47.24M 47.66M 48.13M 47.90M 49.09M 49.58M 50.29M 49.98M 59.98M
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		 46.69M 47.29M 47.57M 48.13M 48.43M 49.03M 49.44M 49.90M 50.79M 55.79M 56.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.77 -10 -10 -8.88 -8.26 -19 -6.73 -2.97 -3.90 -3.78 -0.39
Normalized NOPAT Margin		 -17.32% -19.35% -23.14% -17.59% -14.71% -39.05% -13.02% -4.80% -5.84% -4.66% -0.49%
Pre Tax Income Margin		 -23.09% -25.46% -30.59% -22.98% -17.95% -53.95% -15.40% -5.79% -9.89% -5.71% 0.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -11.07 -23.23 0.00 -1.88
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -7.64 -16.12 0.00 -2.21
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -17.23 -31.95 0.00 -8.92
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -13.81 -24.84 0.00 -9.26
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%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, facts-based read on NLIGHT, INC. (LASR) using the last four years of quarterly statements with emphasis on the most recent four quarters (Q1–Q4 2025). The focus is on trends retail investors care about: revenue progression, profitability, cash generation, and balance sheet strength.

  • Strong near-term revenue and improving gross margin in Q4 2025: Q4 2025 revenue of $81.2 million with gross profit of $24.95 million, implying a gross margin of about 30.7% (an improving profitability signal as the year progressed).
  • Operating cash flow turned positive in Q4 2025: Net cash from continuing operating activities was $17.52 million in Q4 2025, marking a meaningful swing from prior quarters where cash from operations was negative.
  • Solid liquidity position heading into late 2025: As of 2025 Q3, cash and cash equivalents were about $81.1 million with roughly $34.7 million in short-term investments and total current assets around $228.4 million, supporting ongoing operations and capex needs.
  • Modest financing activity supports liquidity in Q4 2025: Net cash from continuing financing activities was about $1.59 million in Q4 2025, adding some cushion without triggering material debt issuance.
  • Ongoing net losses despite top-line gains: Net income attributable to common shareholders in Q4 2025 was -$4.91 million, with continuing operations also negative, underscoring ongoing profitability challenges even as revenue grows.
  • Deep accumulated losses reflected in retained earnings: Retained earnings were deeply negative (e.g., -$343.65 million at 2025 Q3), indicating a persistent cumulative deficit despite recent top-line improvements.
  • High quarterly operating expenses contributing to negative operating income: Total operating expenses in Q4 2025 were about $30.36 million, yielding an operating income of -$5.41 million for the quarter.
  • Cash flow can be volatile quarter-to-quarter: While Q4 2025 was strong on operating cash flow, prior quarters showed more mixed results as changes in operating assets and liabilities impacted cash generation; investing and financing cash flows also fluctuated widely (e.g., sizable investing outlays in some quarters and investment sales in others).
  • Moderate leverage with a manageable debt load: Long-term debt stood around $20 million in recent periods, with cash balances providing coverage; this points to a relatively modest leverage profile given the current liquidity mix.
  • Persistent quarterly net losses and negative profitability metrics remain: Across the 2025 quarters, net income attributable to common shareholders stayed negative (-$4.91M in Q4, -$6.87M in Q3, -$3.59M in Q2, -$8.09M in Q1), underscoring ongoing profitability challenges despite revenue growth.
05/14/26 06:33 PM ETAI Generated. May Contain Errors.

nLight Financials - Frequently Asked Questions

According to the most recent income statement we have on file, nLight's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

nLight's net income appears to be on an upward trend, with a most recent value of -$23.47 million in 2025, rising from -$14.20 million in 2016. The previous period was -$60.79 million in 2024. See where experts think nLight is headed by visiting nLight's forecast page.

nLight's total operating income in 2025 was -$26.55 million, based on the following breakdown:
  • Total Gross Profit: $77.96 million
  • Total Operating Expenses: $104.51 million

Over the last 9 years, nLight's total revenue changed from $101.33 million in 2016 to $261.33 million in 2025, a change of 157.9%.

nLight's total liabilities were at $88.46 million at the end of 2025, a 64.4% increase from 2024, and a 81.0% increase since 2017.

In the past 7 years, nLight's cash and equivalents has ranged from $36.69 million in 2017 to $146.53 million in 2021, and is currently $98.70 million as of their latest financial filing in 2025.

Over the last 9 years, nLight's book value per share changed from 0.00 in 2016 to 4.46 in 2025, a change of 446.5%.


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Financial statements for NASDAQ:LASR last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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