LASR
$36.22+4.11%
LASR financial statements
The full income statement, balance sheet, and cash-flow statement for nLIGHT Inc. (LASR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 48.1M2024-09 48.4M2024-12 49.0M2025-03 49.4M2025-06 49.9M2025-09 50.8M2025-12 55.8M2026-03 56.4M2026-06 57.7M+19.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 261M+31.6% | 199M-5.4% | 210M-13.3% | 242M-10.4% | 270M+21.3% | |
| 78.0M+136.1% | 33.0M-28.4% | 46.1M-9.3% | 50.8M-34.3% | 77.3M+30.2% | ||
| Cost of revenue | 183M+10.8% | 166M+1.1% | 164M-14.3% | 191M-0.8% | 193M+18.0% | |
| 105M+5.9% | 98.7M+6.2% | 92.9M-12.3% | 106M-1.5% | 108M+33.7% | ||
| Research & development | 48.0M+6.4% | 45.1M-2.3% | 46.2M-14.2% | 53.8M-1.9% | 54.8M+33.2% | |
| Selling, general & administrative | 54.2M+10.0% | 49.3M+7.3% | 45.9M-4.9% | 48.3M-8.4% | 52.7M+34.3% | |
| Restructuring | 2.35M-45.3% | 4.29M+425.2% | 817K-79.0% | 3.89M | 0.00 | |
| Amortization of intangibles | 833K+1.6% | 820K-66.0% | 2.41M-16.3% | 2.88M-26.0% | 3.89M+2.2% | |
| Provision for credit losses | -1.11M-174.9% | 1.49M+5414.8% | 27.0K+575.0% | 4.00K+105.7% | -70.0K-179.5% | |
| Operating income | -26.6M+59.5% | -65.6M-40.3% | -46.8M+15.1% | -55.1M-82.4% | -30.2M-43.6% | |
| Interest expense | 1.08M+932.4% | 105K+56.7% | 67.0K | — | — | |
| Interest & investment income | 4.91M+176.7% | 1.77M+25.8% | 1.41M | — | — | |
| Other non-operating income | -40.0K-101.3% | 3.10M+11.7% | 2.78M+721.3% | 338K+0.6% | 336K-11.1% | |
| Pre-tax income | -22.8M+62.6% | -60.9M-42.7% | -42.6M+21.4% | -54.2M-80.5% | -30.0M-45.9% | |
| Income tax | 699K+1019.7% | -76.0K+92.2% | -978K-384.3% | 344K+191.7% | -375K-210.3% | |
| Net income | -23.5M+61.4% | -60.8M-45.9% | -41.7M+23.7% | -54.6M-84.0% | -29.7M-41.7% | |
| -$0.47+63.0% | -$1.27-41.1% | -$0.90+26.8% | -$1.23-75.7% | -$0.70-27.3% | ||
| EPS (basic) | -$0.47+63.0% | -$1.27-41.1% | -$0.90+26.8% | -$1.23-75.7% | -$0.70-27.3% | |
| Weighted-avg shares (basic) | 50.0M+4.3% | 47.9M+4.0% | 46.1M+3.7% | 44.4M+5.4% | 42.1M+9.8% | |
| Weighted-avg shares (diluted) | 50.0M+4.3% | 47.9M+4.0% | 46.1M+3.7% | 44.4M+5.4% | 42.1M+9.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 243M+25.3% | 194M-12.0% | 221M-4.4% | 231M-16.8% | 277M+38.2% | ||
| Cash & equivalents | 98.7M+49.9% | 65.8M+23.7% | 53.2M-8.0% | 57.8M-60.5% | 147M+43.3% | |
| Accounts receivable | 50.8M+45.7% | 34.9M-11.8% | 39.6M+4.4% | 37.9M-8.8% | 41.6M+30.7% | |
| Inventory | 45.4M+11.3% | 40.8M-21.8% | 52.2M-22.8% | 67.6M-8.3% | 73.7M+34.8% | |
| Prepaid expenses | 13.3M-24.8% | 17.7M+11.1% | 15.9M-6.5% | 17.0M+10.9% | 15.3M+30.4% | |
| Other current assets | — | — | — | 51.0K-50.5% | 103K-72.8% | |
| 315M+16.6% | 270M-11.9% | 307M-6.8% | 329M-11.9% | 374M+31.7% | ||
| Property, plant & equipment | 42.1M-10.3% | 46.9M-10.3% | 52.3M-13.8% | 60.7M+8.2% | 56.1M+26.1% | |
| Operating lease right-of-use | 15.0M+38.8% | 10.8M-14.2% | 12.6M-9.2% | 13.9M-18.5% | 17.0M+38.6% | |
| Goodwill | 12.4M+0.8% | 12.4M-0.4% | 12.4M+0.2% | 12.4M-0.4% | 12.4M-0.5% | |
| Intangible assets | 0.00-100.0% | 833K-49.6% | 1.65M-59.1% | 4.04M-39.7% | 6.70M-19.7% | |
| Other non-current assets | 2.12M-57.2% | 4.95M-29.6% | 7.03M-2.7% | 7.22M+85.3% | 3.90M-24.6% | |
| 64.2M+87.5% | 34.2M+4.5% | 32.8M-5.0% | 34.5M-24.6% | 45.8M+10.7% | ||
| Accounts payable | 20.9M+38.6% | 15.1M+23.9% | 12.2M-30.5% | 17.5M-33.6% | 26.3M+25.1% | |
| Accrued liabilities | 19.1M+43.6% | 13.3M+5.7% | 12.6M-2.1% | 12.8M-13.0% | 14.7M-3.9% | |
| Deferred revenue | 1.49M-58.4% | 3.58M-26.2% | 4.85M+244.6% | 1.41M-13.6% | 1.63M-35.6% | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | |
| Current lease liability | 2.78M+20.0% | 2.31M-27.3% | 3.18M+15.3% | 2.76M-10.0% | 3.07M+34.9% | |
| 88.5M+64.4% | 53.8M+2.7% | 52.4M-10.3% | 58.4M-18.3% | 71.5M+12.2% | ||
| Long-term debt | — | — | — | — | 0.00-100.0% | |
| Non-current lease liability | 13.4M+36.8% | 9.82M-10.6% | 11.0M-14.6% | 12.9M-12.0% | 14.6M+40.8% | |
| Operating lease liability (total) | 16.2M+33.6% | 12.1M-14.3% | 14.2M-9.3% | 15.6M-11.7% | 17.7M+39.8% | |
| Other non-current liabilities | 4.92M+16.7% | 4.22M+29.2% | 3.26M-24.9% | 4.34M+9.9% | 3.95M-6.4% | |
| 227M+4.8% | 216M-14.9% | 254M-6.1% | 271M-10.4% | 302M+37.4% | ||
| Common stock | 16.0K+0.0% | 16.0K+0.0% | 16.0K+0.0% | 16.0K+6.7% | 15.0K+0.0% | |
| Additional paid-in capital | 578M+6.2% | 545M+4.5% | 521M+5.0% | 496M+5.4% | 471M+31.3% | |
| Retained earnings | -349M-7.2% | -325M-23.0% | -264M-18.7% | -223M-32.5% | -168M-21.4% | |
| Accumulated other comprehensive income | -3.06M+8.0% | -3.33M-34.5% | -2.48M+9.9% | -2.75M-368.1% | -587K-126.6% | |
| Total liabilities & equity | 315M+16.6% | 270M-11.9% | 307M-6.8% | 329M-11.9% | 374M+31.7% | |
| Common shares issued | 51.2M+4.5% | 48.9M+3.6% | 47.3M+3.6% | 45.6M+3.1% | 44.2M+11.2% | |
| Common shares outstanding | 51.2M+4.5% | 48.9M+3.6% | 47.3M+3.6% | 45.6M+3.1% | 44.2M+11.2% | |
| Shares outstanding (cover) | 55.8M+13.8% | 49.0M+3.7% | 47.3M+3.5% | 45.7M+3.1% | 44.3M+10.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 21.3M+1004.2% | -2.36M-123.4% | 10.1M+169.4% | -14.5M-95.4% | -7.44M-157.1% | ||
| Depreciation & amortization | 13.2M-4.7% | 13.8M-6.8% | 14.8M+6.1% | 14.0M+6.8% | 13.1M+13.5% | |
| Intangible amortization | 833K+1.6% | 820K-66.0% | 2.41M-16.3% | 2.88M-26.0% | 3.89M+2.2% | |
| Share-based compensation | 33.4M+33.9% | 25.0M-3.4% | 25.8M-3.5% | 26.8M-29.1% | 37.7M+48.1% | |
| Deferred income taxes | 216K+134.5% | -626K-1260.9% | -46.0K-757.1% | 7.00K-46.2% | 13.0K+100.7% | |
| Change in receivables | 14.7M+616.8% | -2.85M-269.6% | 1.68M+160.8% | -2.76M-129.0% | 9.51M+137.2% | |
| Change in inventory | 4.15M+137.6% | -11.0M+25.8% | -14.9M-222.1% | -4.62M-124.3% | 19.0M+173.8% | |
| Change in payables | 5.89M+82.2% | 3.23M+171.8% | -4.50M+23.7% | -5.90M-270.5% | 3.46M-52.6% | |
| -8.77M-152.6% | 16.7M+218.4% | -14.1M+80.5% | -72.4M-231.2% | -21.9M+10.9% | ||
| Capital expenditure | 9.03M+13.9% | 7.93M+48.6% | 5.34M-75.0% | 21.4M+10.7% | 19.3M-17.5% | |
| Free cash flow | 12.3M+219.5% | -10.3M-316.6% | 4.75M+113.2% | -35.9M-34.3% | -26.8M-157.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 664K+128.2% | 291K+53.2% | |
| 20.1M+1643.4% | -1.30M-51.7% | -859K+34.2% | -1.31M-101.8% | 73.7M+2057.6% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 82.4M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 264K+165.0% | -406K-258.6% | 256K+153.7% | -477K-103.0% | -235K-143.1% | |
| Net change in cash | 32.9M+160.9% | 12.6M+373.7% | -4.61M+94.8% | -88.7M-300.6% | 44.2M+400.3% | |
| Income taxes paid | 171K+72.7% | 99.0K-53.5% | 213K-51.8% | 442K-16.0% | 526K-18.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.09B+306.9% | 514M-18.4% | 630M+37.2% | 459M-56.7% | 1.06B-19.0% | |
| P/S | 8.0×+209.1% | 2.6×-11.8% | 2.9×+61.5% | 1.8×-53.8% | 3.9×-33.2% | |
| P/B | 9.2×+288.4% | 2.4×-2.1% | 2.4×+51.1% | 1.6×-54.3% | 3.5×-41.0% | |
| P/FCF | 170.2× | — | 1726.7× | — | — | |
| FCF yield | 0.59% | — | 0.06% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LASR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LASR filings on SEC EDGAR → Not investment advice.