nLIGHT, Inc.
NASDAQ•LASR
CEO: Mr. Scott H. Keeney
Sector: Technology
Industry: Semiconductors
Listing Date: 2018-04-26
nLIGHT, Inc. designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. It sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through independent sales representatives and distributors in Asia, Australia, Europe, the Middle East, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.
Contact Information
Market Cap
$3.65B
P/E (TTM)
-141.9
46.9
Dividend Yield
--
52W High
$74.10
52W Low
$6.91
52W Range
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025
Financial Dashboard
Q4 2025 Data
Revenue
$81.19M+0.00%
4-Quarter Trend
EPS
-$0.10+0.00%
4-Quarter Trend
FCF
$15.93M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Grew 31.6% Total revenue reached $261.33M in 2025, a 31.6% increase driven by higher volumes across segments.
Net Loss Significantly Reduced Net loss narrowed to $23.47M in 2025, substantially down from the $60.79M loss reported in 2024.
Gross Margin Expanded Sharply Gross margin improved to 29.8% in 2025, up from 16.6% in 2024, due to sales mix and volume.
Aerospace Revenue Surged Aerospace and Defense revenue increased 60.0% to $175.25M, representing 67.0% of total 2025 revenue.
Risk Factors
High Customer Concentration Top ten customers accounted for 75% of 2025 revenue, creating material adverse risk if relationships change.
Competitive Pricing Pressure Industry faces intense price competition, potentially forcing ASP declines requiring volume increases to maintain margins.
Backlog Decreased Year-End Total backlog stood at $161.6M as of December 31, 2025, reflecting a decrease from the prior year.
Intellectual Property Vulnerability Patents may be challenged, invalidated, or circumvented, potentially harming competitive advantage and operations.
Outlook
New Financing Secured Completed an underwritten public offering in February 2026, raising $201.3M in gross proceeds for growth.
Focus on New Markets Future success relies on generating sales in developing applications like additive manufacturing and directed energy.
Sustained R&D Investment Intend to continue significant investment in R&D to develop next-generation laser technologies and solutions.
Offsetting ASP Declines Must increase unit volumes and decrease costs to offset expected future average selling price erosion in products.
Peer Comparison
Revenue (TTM)
$2.69B
$2.05B
$1.19B
Gross Margin (Latest Quarter)
76.0%
57.6%
42.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AAOI | $11.32B | -277.1 | -7.5% | 14.3% |
| LASR | $3.65B | -141.9 | -10.7% | 11.4% |
| UCTT | $3.45B | -19.0 | -24.1% | 46.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
16.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention
Deep Research
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data