NLIGHT, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $261.3M | $198.5M | $209.9M | $242.1M | $270.1M |
| Cost of revenue | $183.4M | $165.5M | $163.8M | $191.2M | $192.8M |
| Gross profit | $78.0M | $33.0M | $46.1M | $50.8M | $77.3M |
| Selling, general & administrative | $54.2M | $49.3M | $45.9M | $48.3M | $52.7M |
| Research and development | $48.0M | $45.1M | $46.2M | $53.8M | $54.8M |
| Operating expenses | $104.5M | $98.7M | $92.9M | $105.9M | $107.5M |
| Operating income | -$26.6M | -$65.6M | -$46.8M | -$55.1M | -$30.2M |
| Interest expense | $1.1M | $105,000 | $67,000 | — | — |
| Pretax income | -$22.8M | -$60.9M | -$42.6M | -$54.2M | -$30.0M |
| Income tax expense | $699,000 | -$76,000 | -$978,000 | $344,000 | -$375,000 |
| Net income | -$23.5M | -$60.8M | -$41.7M | -$54.6M | -$29.7M |
| Balance Sheet | |||||
| Cash and equivalents | $98.7M | $65.8M | $53.2M | $57.8M | $146.5M |
| Current assets | $243.2M | $194.1M | $220.6M | $230.8M | $277.2M |
| Total assets | $315.2M | $270.2M | $306.8M | $329.2M | $373.6M |
| Current liabilities | $64.2M | $34.2M | $32.8M | $34.5M | $45.8M |
| Total liabilities | $88.5M | $53.8M | $52.4M | $58.4M | $71.5M |
| Stockholders' equity | $226.7M | $216.4M | $254.4M | $270.8M | $302.1M |
| Cash Flow Statement | |||||
| Cash from operations | $21.3M | -$2.4M | $10.1M | -$14.5M | -$7.4M |
| Depreciation and amortization | $12.3M | $13.0M | $12.4M | $11.1M | $9.2M |
| Stock-based compensation | $33.4M | $25.0M | $25.8M | $26.8M | $37.7M |
| Capital expenditure | $9.0M | $7.9M | $5.3M | $21.4M | $19.3M |
| Free cash flow | $12.3M | -$10.3M | $4.8M | -$35.9M | -$26.8M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 56.4M · Free float 94.3%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.