nLIGHT financials
$39.01−1.37%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $261.3M | $198.5M | $209.9M | $242.1M | $270.1M | $222.8M | $176.6M | $191.4M |
| Gross profit | $78.0M | $33.0M | $46.1M | $50.8M | $77.3M | $59.4M | $52.3M | $67.0M |
| Gross margin | 29.8% | 16.6% | 22.0% | 21.0% | 28.6% | 26.6% | 29.6% | 35.0% |
| Operating income | -$26.6M | -$65.6M | -$46.8M | -$55.1M | -$30.2M | -$21.0M | -$9.9M | $17.1M |
| Net income | -$23.5M | -$60.8M | -$41.7M | -$54.6M | -$29.7M | -$20.9M | -$12.9M | $9.5M |
| Net margin | −9.0% | −30.6% | −19.9% | −22.5% | −11.0% | −9.4% | −7.3% | 5.0% |
| Diluted EPS | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 | $-0.55 | $-0.35 | $0.32 |
| EBITDA | -$9.9M | -$43.7M | -$29.9M | -$35.5M | -$15.2M | -$4.4M | -$345.0K | $25.4M |
| Operating cash flow | $21.3M | -$2.4M | $10.1M | -$14.5M | -$7.4M | $13.0M | -$4.2M | $3.4M |
| Free cash flow | $12.3M | -$10.3M | $4.8M | -$35.9M | -$26.8M | -$10.4M | -$16.6M | -$7.2M |
| Diluted shares | 50.0M | 47.9M | 46.1M | 44.4M | 42.1M | 38.4M | 37.1M | 30.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $98.7M | $65.8M | $53.2M | $57.8M | $146.5M | $102.3M |
| Short-term investments | $34.9M | $34.9M | $59.7M | $50.4M | $0.00 | — |
| Total debt | $20.0M | $0.00 | $0.00 | $0.00 | $0.00 | $399.0K |
| Total assets | $315.2M | $270.2M | $306.8M | $329.2M | $373.6M | $283.6M |
| Total liabilities | $88.5M | $53.8M | $52.4M | $58.4M | $71.5M | $63.7M |
| Shareholders' equity | $226.7M | $216.4M | $254.4M | $270.8M | $302.1M | $219.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology