Saturday 17 October 2026 Export LASR’s income statement to Excel — free account

nLight

nLight’s revenue for fiscal 2025 (year ended December 2025) was $261.3 million, up 31.6% from fiscal 2024. In the quarter to June 2026, revenue grew 33.8%, EPS grew 71.4% and free cash flow grew 576.3%, each against the same quarter a year earlier.

33.67 1.81 −5.10%

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Market cap: $2.1B
P/E: 0.0×
Fwd P/E: −266×
Dividend yield: —
F-score: 6/9
Altman Z: 12.40
Beneish M: −3.21
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 62.75

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	4	1	—	6	—	7	3	—	2	4	—

Insider Ownership 4.81%

Capital & Financial Ratios $m

Market Cap 2,050.00

Revenue 310.70

Net Income (12.48)

Free Cash Flow 41.93

Net Debt (330.45)

Current Ratio 8.17

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (266.00)

P/S ratio 6.18

P/B ratio 4.36

Past 5Y EPS Growth —

This Y EPS Growth 107.41%

Next Y EPS Growth 27.90%

Next Y revenue growth 17.06%

Next 5Y EPS Growth 61.87%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 84.37%

10-year low 10-year high

P/B against its own 10 years 76.40%

10-year low 10-year high

EV/Sales against its own 10 years 82.12%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	113	101	134	330
Receivables	40	35	51	47
Inventory	52	41	45	48
Other	—	—	—	—
	221	194	243	447

	2023	2024	2025	Q'26
Payables	12	15	21	24
ST’ Debt	—	—	—	—
Other	—	—	—	—
	33	34	64	55

Compound Annual Growth %

	10y	5y	3y
Sales	—	3.24%	2.59%
Cash Flow	—	10.34%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.61%	(5.75%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	80	83	—	—	—
’25	52	62	67	81	261
’24	45	51	56	47	199
’23	54	53	51	52	210
’22	64	61	60	57	242
’21	61	69	72	67	270
’20	43	52	62	66	223

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	10	21	—	—	—
’25	0	(1)	5	18	21
’24	11	(4)	(6)	(4)	(2)
’23	1	(4)	13	0	10
’22	(7)	(5)	(3)	0	(15)
’21	4	(1)	0	(10)	(7)
’20	(1)	8	8	(2)	13

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	16	—	—	—
’25	(2)	(3)	2	16	13
’24	10	(6)	(7)	(7)	(10)
’23	0	(5)	10	(1)	5
’22	(12)	(13)	(6)	(5)	(36)
’21	1	(6)	(6)	(18)	(29)
’20	(17)	6	5	(6)	(11)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.01	(0.02)	—	—	—
’25	(0.16)	(0.07)	(0.14)	(0.10)	(0.47)
’24	(0.29)	(0.25)	(0.21)	(0.51)	(1.27)
’23	(0.17)	(0.19)	(0.26)	(0.28)	(0.90)
’22	(0.20)	(0.23)	(0.29)	(0.50)	(1.23)
’21	(0.15)	(0.19)	(0.16)	(0.20)	(0.70)
’20	(0.20)	(0.18)	(0.05)	(0.12)	(0.55)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	16.25	12.60	9.04	23.00	8.22	8.13	9.64	6.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	43.63	26.77	36.67	46.45	25.98	15.91	14.75	39.99
People
People	Employees	—	1,071	1,130	1,100	1,275	1,300	1,100	930	800	800
	Revenue/emp, $m	0.00	0.13	0.17	0.16	0.17	0.21	0.22	0.23	0.25	0.33
Income, $m
Income, $m	Revenue	101	139	191	177	223	270	242	210	199	261
	Gross margin, %	22.86	31.95	34.99	29.63	26.65	28.62	21.00	21.97	16.63	29.83
	EBT	(12)	7	18	(7)	(21)	(30)	(54)	(43)	(61)	(23)
	EBT margin, %	(12.16)	4.83	9.16	(3.83)	(9.24)	(11.12)	(22.41)	(20.32)	(30.66)	(8.71)
	Net income	(14)	2	14	(13)	(21)	(30)	(55)	(42)	(61)	(23)
	Depreciation	8	8	8	10	14	15	16	16	18	14
Per share, $
Per share, $	Revenue	40.53	50.67	7.70	4.76	5.81	6.41	5.45	4.56	4.15	5.23
	Earnings	(5.68)	0.67	0.38	(0.35)	(0.55)	(0.70)	(1.23)	(0.90)	(1.27)	(0.47)
	Cash flow	2.38	1.25	0.14	(0.11)	0.34	(0.18)	(0.33)	0.22	(0.05)	0.43
	Capex	(1.61)	(2.00)	(0.47)	(0.35)	(0.63)	(0.51)	(0.49)	(0.12)	(0.17)	(0.17)
	Free cash flow	0.77	(0.76)	(0.33)	(0.46)	(0.29)	(0.69)	(0.82)	0.10	(0.21)	0.26
	Book value	11.88	22.41	8.76	5.84	5.73	7.17	6.10	5.52	4.52	4.54
	Shares, m	3	3	25	37	38	42	44	46	48	50
Valuation, ×
Valuation, ×	P/E	12.83	12.83	14.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.54	0.54	2.31	4.26	5.62	3.74	1.92	2.90	2.53	7.17
	P/B	1.27	1.27	2.03	3.48	5.70	3.34	1.72	2.39	2.32	8.27
	EV/Sales	0.47	0.47	1.53	3.60	5.17	3.25	1.53	2.42	2.08	6.74
	EV/FCF	(13.65)	(13.65)	(40.81)	(36.86)	(101.77)	(30.26)	(10.21)	106.09	(40.28)	136.88
Cash, $m
Cash, $m	Operating cash flow	6	3	3	(4)	13	(7)	(15)	10	(2)	21
	Capex	(4)	(5)	(12)	(13)	(24)	(22)	(22)	(5)	(8)	(8)
	Free cash flow	2	(2)	(8)	(17)	(11)	(29)	(36)	5	(10)	13
Balance, $m
Balance, $m	Working capital	27	56	195	174	159	231	196	188	160	179
	Total debt	20	17	0	0	0	18	16	—	—	—
	Net debt	6	(19)	(149)	(117)	(102)	(147)	(108)	(113)	(101)	(134)
	Shareholders’ equity	30	61	218	217	220	302	271	254	216	227
Returns, %
Returns, %	ROA	(15.67)	0.00	5.29	(5.15)	(7.85)	(9.03)	(15.53)	(13.10)	(21.07)	(8.02)
	ROIC	(16.28)	14.56	15.59	(6.23)	(11.15)	(12.14)	(21.18)	(20.65)	(35.45)	(17.82)
	ROE	(31.23)	0.00	6.83	(5.93)	(9.59)	(11.37)	(19.05)	(15.87)	(25.82)	(10.59)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DIOD Diodes Incorporated	$3.9B	44.1×	39.8×	+21.66% (above 0%: growing)	+3.03% (above 0%: growing)	+31.47% (above 0%: growing)	33.12%	7.47%	Compare
POWI Power Integrations, Inc.	$2.5B	96.7×	112×	+2.66% (above 0%: growing)	+800.00% (above 0%: growing)	−23.62% (below 0%: shrinking)	54.34%	7.48%	Compare
NVTS Navitas Semiconductor Corporation	$2.4B	— (loss-making)	— (loss-making)	−27.34% (below 0%: shrinking)	n/m	−171.50% (below 0%: shrinking)	38.73%	(258.24%)	Compare
IMOS Chipmos Technologies	$2.3B	30.0×	—	+25.55% (above 0%: growing)	n/m	−9.79% (below 0%: shrinking)	17.96%	12.84%	Compare
HIMX Himax Technologies, Inc.	$2.1B	56.6×	50.2×	+5.85% (above 0%: growing)	+10.00% (above 0%: growing)	−76.68% (below 0%: shrinking)	33.09%	10.80%	Compare
LASR nLight	$2.1B	— (loss-making)	— (loss-making)	+33.78% (above 0%: growing)	n/m	+576.25% (above 0%: growing)	31.15%	(4.32%)
WOLF Wolfspeed, Inc.	$1.4B	— (loss-making)	—	—	n/m	—	100.00%	100.00%	Compare
AMBQ Ambiq Micro, Inc.	$1.3B	— (loss-making)	— (loss-making)	+89.68% (above 0%: growing)	n/m	+18.56% (above 0%: growing)	45.03%	(25.74%)	Compare
POET POET Technologies Inc.	$1.0B	— (loss-making)	—	+112.25% (above 0%: growing)	n/m	−55.77% (below 0%: shrinking)	100.00%	(3,542.81%)	Compare
Median of peers	$2.2B	50.3×	50.2×	+21.66%	+10.00%	−23.62%	41.88%	7.48%

All 67 Semiconductors stocks →

nLight (LASR) key facts

Strength: nLight’s revenue for fiscal 2025 (year ended December 2025) was $261.3 million, up 31.6% from fiscal 2024.
nLight (LASR) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, LASR traded at $33.67, a market capitalization of $2.1 billion.
Return on equity was −10.6% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 12.40 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.