Company Overview
nLIGHT, Inc. engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through two segments, Laser Products and Advanced Development. The company offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in aerospace and defense and industrial applications. It also provides fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. The company 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.
Why Investors Should Care
Revenue has grown at a 11.1% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.08.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $261.33M (+31.6% YoY); net profit $-23.47M.
- Trailing 12 Months Year-on-year growth — revenue +55.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 11.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 11.10% |
| 1 Year: | 55.20% |
Stock Price Performance
| 1 Year: | +267.99% |
| 6 Months: | +63.15% |
| 3 Months: | +1.42% |
| 1 Month: | -2.64% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
nLIGHT designs semiconductor and fiber lasers for aerospace/defence, industrial and microfabrication — including the precision laser processing used to make advanced electronics.
High-power semiconductor and fiber lasers for defence systems and for microfabrication of advanced electronics/semiconductors.
- Lasers for microfabrication Programmable fiber lasers enable precision processing used in advanced-electronics and semiconductor manufacturing.
- Defence & directed energy High-power lasers serve aerospace/defence and directed-energy programs.
- Vertically-integrated semiconductors In-house semiconductor-laser fabrication differentiates performance and cost.
- Dual exposure to defence growth and advanced-electronics manufacturing.
- Strong revenue growth (~55%) led by defence demand.
- Loss-making (negative margins) with lumpy program timing.
- Defence-budget dependence and industrial-laser competition are risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 11.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LASR nLIGHT, Inc. R2KAI | 67.82 | -226.07 | $3.83B | 0.00% | -10.58% | -4.59% | 11.10% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 212.50 | 32.59 | $5.15T | 0.47% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 327.50 | 39.60 | $4.81T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 395.63 | 23.96 | $2.94T | 0.95% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 419.48 | 36.41 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 394.28 | 64.96 | $1.88T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 904.28 | 20.44 | $1.02T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 529.14 | 172.36 | $862.82B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,815.27 | 59.79 | $699.64B | 0.51% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 42.47M | 51.70M | 51.02M | 46.16M | 41.86M | 48.05M | 43.81M | 42.90M | 43.22M | 52.14M | 61.73M | 61.34M | 69.11M | 72.23M | 64.46M | 60.83M | 60.09M | 54.09M | 53.30M | 50.63M | 44.53M | 50.51M | 56.13M | 51.67M | 61.73M | 66.74M | 80.18M |
| Gross Profit | 8.97M | 10.68M | 12.35M | 12.28M | 14.73M | 17.68M | 18.05M | 16.51M | 13.51M | 15.87M | 12.96M | 9.99M | 9.50M | 13.06M | 17.16M | 17.64M | 20.32M | 21.39M | 16.18M | 15.38M | 13.48M | 14.26M | 12.11M | 9.94M | 7.49M | 11.85M | 12.55M | 13.80M | 18.46M | 20.75M | 26.51M |
| Operating Income | 612.00K | 1.90M | 4.60M | - | 4.21M | 5.55M | 5.09M | - | -1.05M | 805.00K | -696.00K | - | -6.74M | -6.05M | -3.98M | -5.78M | -9.01M | -6.76M | -8.31M | -10.32M | -12.98M | -8.21M | -11.69M | -12.53M | -14.72M | -12.69M | -11.80M | -9.61M | -4.24M | -7.30M | -719.00K |
| Net Income | -1.21M | -287.00K | 2.24M | - | 2.92M | 4.65M | 4.01M | - | -1.24M | -155.00K | -778.00K | - | -7.47M | -6.83M | -2.11M | -6.15M | -7.89M | -6.88M | -8.62M | -10.34M | -12.96M | -7.73M | -8.82M | -11.88M | -13.77M | -11.73M | -10.34M | -8.09M | -3.59M | -6.87M | 645.00K |
| Diluted EPS | -0.47 | -0.11 | 0.00 | 0.00 | 0.00 | 0.11 | 0.10 | 0.06 | -0.03 | 0.00 | -0.02 | -0.29 | -0.20 | -0.18 | -0.05 | -0.15 | -0.19 | -0.16 | -0.20 | -0.23 | -0.29 | -0.17 | -0.19 | -0.26 | -0.29 | -0.25 | -0.21 | -0.16 | -0.07 | -0.14 | 0.01 |
| R&D Expense | 3.73M | 4.01M | 3.85M | - | 4.28M | 4.90M | 5.47M | - | 6.42M | 6.49M | 6.40M | - | 8.54M | 9.47M | 11.13M | 11.71M | 14.28M | 14.84M | 13.71M | 13.79M | 12.72M | 11.30M | 12.00M | 10.74M | 10.66M | 11.74M | 11.33M | 11.37M | 11.01M | 11.53M | 11.85M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 101.33M | 138.58M | 191.36M | 176.62M | 222.79M | 270.15M | 242.06M | 209.92M | 198.55M | 261.33M |
| Gross Profit | 23.17M | 44.27M | 66.96M | 52.34M | 59.36M | 77.31M | 50.82M | 46.11M | 33.02M | 77.96M |
| Operating Income | -9.34M | 9.80M | 17.06M | -9.91M | -21.05M | -30.22M | -55.10M | -46.77M | -65.64M | -26.55M |
| Net Income | -14.20M | 1.84M | 13.94M | -12.88M | -20.93M | -29.67M | -54.58M | -41.67M | -60.79M | -23.47M |
| Diluted EPS | -5.68 | 0.00 | 0.32 | -0.35 | -0.55 | -0.70 | -1.23 | -0.90 | -1.27 | -0.47 |
| R&D Expense | 15.24M | 15.12M | 21.05M | 28.14M | 41.16M | 54.81M | 53.77M | 46.16M | 45.11M | 47.97M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 110.15M | 250.13M | 249.97M | 283.64M | 373.62M | 329.23M | 306.80M | 270.24M | 315.21M |
| Total Equity | 32.09M | 29.69M | 61.28M | 217.78M | 216.61M | 219.91M | 302.13M | 270.85M | 254.42M | 216.43M | 226.75M |
| Cash & Equivalents | 6.86M | 13.50M | 36.69M | 149.48M | 117.25M | 102.28M | 146.53M | 57.83M | 53.21M | 65.83M | 98.70M |
| Long Term Debt | - | - | 15.11M | 18.00K | 0 | 215.00K | 0 | - | - | - | - |
| Total Liabilities | - | - | 48.87M | 32.35M | 33.36M | 63.73M | 71.48M | 58.39M | 52.38M | 53.81M | 88.46M |
| Current Liabilities | - | - | 28.89M | 23.59M | 25.04M | 41.36M | 45.77M | 34.49M | 32.75M | 34.23M | 64.21M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.96M | 3.41M | 3.38M | -4.24M | 13.04M | -7.44M | -14.54M | 10.09M | -2.36M | 21.33M |
| Investing Cash Flow | -4.03M | -5.48M | -11.68M | -30.40M | -24.54M | -21.85M | -72.38M | -14.10M | 16.69M | -8.77M |
| Financing Cash Flow | 3.64M | 24.42M | 121.30M | 2.45M | -3.77M | 73.74M | -1.31M | -859.00K | -1.30M | 20.11M |
| Capital Expenditure | - | - | -10.58M | -12.40M | -23.42M | -19.32M | -21.39M | -5.34M | -7.93M | -9.03M |
| Free Cash Flow | - | - | -7.21M | -16.64M | -10.38M | -26.76M | -35.93M | 4.75M | -10.29M | 12.30M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 22.9% | 31.9% | 35.0% | 29.6% | 26.6% | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% |
| Operating Margin % | -9.2% | 7.1% | 8.9% | -5.6% | -9.4% | -11.2% | -22.8% | -22.3% | -33.1% | -10.2% |
| Net Margin % | -14.0% | 1.3% | 7.3% | -7.3% | -9.4% | -11.0% | -22.5% | -19.9% | -30.6% | -9.0% |
| ROE % | -47.8% | 3.0% | 6.4% | -5.9% | -9.5% | -9.8% | -20.2% | -16.4% | -28.1% | -10.3% |
| ROCE % | - | 12.1% | 7.5% | -4.4% | -8.7% | -9.2% | -18.7% | -17.1% | -27.8% | -10.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.66% | 4.32M | $298.81M |
| 2 | Vanguard Portfolio Management LLC | 4.37% | 2.47M | $170.71M |
| 3 | Vanguard Capital Management LLC | 4.12% | 2.33M | $160.87M |
| 4 | Needham Investment Management, L.L.C. | 3.41% | 1.92M | $133.02M |
| 5 | Driehaus Capital Management, LLC | 3.14% | 1.77M | $122.64M |
| 6 | Geode Capital Management, LLC | 2.55% | 1.44M | $99.69M |
| 7 | Invesco Ltd. | 2.13% | 1.20M | $83.19M |
| 8 | Alliancebernstein L.P. | 1.96% | 1.11M | $76.52M |
| 9 | FMR, LLC | 1.95% | 1.10M | $76.22M |
| 10 | State Street Corporation | 1.93% | 1.09M | $75.16M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for LASR
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LASR — Frequently Asked Questions
What is the current share price of nLIGHT, Inc. (LASR)?
As of 2026-07-15 16:51 PDT, nLIGHT, Inc. (LASR) trades at $67.82 on NasdaqGS. Its 52-week range is $18.43 to $84.95.
What is the market capitalisation of LASR?
nLIGHT, Inc. (LASR) has a market capitalisation of $3.83B on NasdaqGS.
What is the P/E ratio of LASR?
LASR trades at a trailing price-to-earnings (P/E) ratio of -226.07. The industry average P/E is 34.66. Its price-to-book (P/B) ratio is 9.09.
What is the return on equity (ROE) of LASR?
LASR has a return on equity (ROE) of -4.59%. Its return on capital employed (ROCE) is -10.58%.
Is LASR a good stock to buy?
This page provides a data-driven analysis of nLIGHT, Inc. (LASR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.