LASR

Updated: Mar 12, 2026 11:30 AM

nLIGHT Inc

Market Cap: $3.77B P/S: 46x Ownership — Insider: 5.7% | Institutional: 83.5% | Retail: 10.8% TECHNOLOGY SEMICONDUCTORS

nLIGHT, Inc. designs, develops, manufactures and sells fiber and semiconductor lasers for industrial, microfabrication, aerospace and defense applications. The company is headquartered in Vancouver, Washington.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        10/10 dates (100%)
  ✅ grossProfit                         10/10 dates (100%)
  ✅ netIncome                           10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -270.15M                  -135.07M                    0.00M                    135.07M                   270.15M
               |                         |                         |                         |                         |

  2016-12-31 |                                                  |  101.33M
  2017-12-31 |                                                     |  138.58M
  2018-12-31 |                                                     |  191.36M
  2019-12-31 |                                                   |  176.62M
  2020-12-31 |                                                 |  222.79M
  2021-12-31 |                                               | 270.15M
  2022-12-31 |                                          |  242.06M
  2023-12-31 |                                             |  209.92M
  2024-12-31 |                                         |  198.55M
  2025-12-31 |                                                |  261.33M

               |                         |                         |                         |                         |
               -270.15M                  -135.07M                    0.00M                    135.07M                   270.15M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              10/10 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     9/10 dates (90%)
  ✅ costofGoodsAndServicesSold          10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    48.21M                    96.42M                    144.63M                   192.84M
               |                         |                         |                         |                         |

  2016-12-31 |  78.16M
  2017-12-31 |  94.31M
  2018-12-31 |  124.40M
  2019-12-31 |  124.28M
  2020-12-31 |  163.43M
  2021-12-31 |  192.84M
  2022-12-31 |  191.24M
  2023-12-31 |  163.81M
  2024-12-31 |  165.53M
  2025-12-31 |  183.37M ⊗

               |                         |                         |                         |                         |
               0.00M                    48.21M                    96.42M                    144.63M                   192.84M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         10/10 dates (100%)
  ✅ shortLongTermDebtTotal              10/10 dates (100%)
  ✅ operatingCashflow                   10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -149.48M                   -74.74M                    0.00M                    74.74M                    149.48M
               |                         |                         |                         |                         |

  2016-12-31 |                                                     |  19.67M
  2017-12-31 |                                                     |  36.69M
  2018-12-31 |                                                     | 149.48M
  2019-12-31 |                                                    |  117.25M
  2020-12-31 |                                                     |  102.28M
  2021-12-31 |                                                  |  146.53M
  2022-12-31 |                                                |  57.83M
  2023-12-31 |                                                     |  53.21M
  2024-12-31 |                                                    |  65.83M
  2025-12-31 |                                                     |  98.70M

               |                         |                         |                         |                         |
               -149.48M                   -74.74M                    0.00M                    74.74M                    149.48M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   10/10 dates (100%)
  ✅ capitalExpenditures                 10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -24.35M                   -12.17M                    0.00M                    12.17M                    24.35M
               |                         |                         |                         |                         |

  2016-12-31 |                                                     |  5.96M
  2017-12-31 |                                                     |  5.48M
  2018-12-31 |                                                     |  11.71M
  2019-12-31 |                                            |  13.63M
  2020-12-31 |                                                     | 24.35M
  2021-12-31 |                                     |  21.56M
  2022-12-31 |                      |  21.72M
  2023-12-31 |                                                     |  10.09M
  2024-12-31 |                                                |  7.93M
  2025-12-31 |                                                     |  21.33M

               |                         |                         |                         |                         |
               -24.35M                   -12.17M                    0.00M                    12.17M                    24.35M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         10/10 dates (100%)
  ✅ totalLiabilities                    10/10 dates (100%)
  ✅ totalShareholderEquity              10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00M                    93.40M                    186.81M                   280.21M                   373.62M
               |                         |                         |                         |                         |

  2016-12-31 |  71.06M
  2017-12-31 |  110.15M
  2018-12-31 |  250.13M
  2019-12-31 |  249.97M
  2020-12-31 |  283.64M
  2021-12-31 |  373.62M
  2022-12-31 |  329.23M
  2023-12-31 |  306.80M
  2024-12-31 |  270.24M
  2025-12-31 |  315.21M

               |                         |                         |                         |                         |
               0.00M                    93.40M                    186.81M                   280.21M                   373.62M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           10/10 dates (100%)
  ✅ shortLongTermDebtTotal              10/10 dates (100%)
  ✅ totalShareholderEquity              10/10 dates (100%)

Plot for LASR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -302.13M                  -151.07M                    0.00M                    151.07M                   302.13M
               |                         |                         |                         |                         |

  2016-12-31 |                                                   |  29.69M
  2017-12-31 |                                                     |  61.28M
  2018-12-31 |                                                     |  217.78M
  2019-12-31 |                                                   |  216.61M
  2020-12-31 |                                                 |  219.91M
  2021-12-31 |                                                | 302.13M
  2022-12-31 |                                            |  270.85M
  2023-12-31 |                                              |  254.42M
  2024-12-31 |                                           |  216.43M
  2025-12-31 |                                                 |  226.75M

               |                         |                         |                         |                         |
               -302.13M                  -151.07M                    0.00M                    151.07M                   302.13M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -81.19M                   -40.59M                    0.00M                    40.59M                    81.19M
               |                         |                         |                         |                         |

  2019-12-31 |                                              |  42.90M
  2020-03-31 |                                                |  43.22M
  2020-06-30 |                                                 |  52.14M
  2020-09-30 |                                                    |  61.73M
  2020-12-31 |                                                  |  65.70M
  2021-03-31 |                                                 |  61.34M
  2021-06-30 |                                                |  69.11M
  2021-09-30 |                                                 |  72.23M
  2021-12-31 |                                               |  67.45M
  2022-03-31 |                                               |  64.46M
  2022-06-30 |                                              |  60.83M
  2022-09-30 |                                             |  60.09M
  2022-12-31 |                                      |  56.68M
  2023-03-31 |                                                |  54.09M
  2023-06-30 |                                               |  53.30M
  2023-09-30 |                                             |  50.63M
  2023-12-31 |                                             |  51.89M
  2024-03-31 |                                            |  44.53M
  2024-06-30 |                                             |  50.51M
  2024-09-30 |                                              |  56.13M
  2024-12-31 |                                     |  47.38M
  2025-03-31 |                                                |  51.67M
  2025-06-30 |                                                   |  61.73M
  2025-09-30 |                                                 |  66.74M
  2025-12-31 |                                                  | 81.19M

               |                         |                         |                         |                         |
               -81.19M                   -40.59M                    0.00M                    40.59M                    81.19M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ⚠️  sellingGeneralAndAdministrative     24/25 dates (96%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    14.06M                    28.12M                    42.17M                    56.23M
               |                         |                         |                         |                         |

  2019-12-31 |  32.90M
  2020-03-31 |  33.71M
  2020-06-30 |  39.08M
  2020-09-30 |  44.57M
  2020-12-31 |  46.06M
  2021-03-31 |  43.70M
  2021-06-30 |  48.79M
  2021-09-30 |  50.84M
  2021-12-31 |  49.51M
  2022-03-31 |  48.28M
  2022-06-30 |  45.44M
  2022-09-30 |  46.62M
  2022-12-31 |  50.90M
  2023-03-31 |  39.83M
  2023-06-30 |  41.20M
  2023-09-30 |  40.70M
  2023-12-31 |  42.09M
  2024-03-31 |  37.04M
  2024-06-30 |  38.66M
  2024-09-30 |  43.58M
  2024-12-31 |  46.25M
  2025-03-31 |  37.87M
  2025-06-30 |  43.28M
  2025-09-30 |  45.99M
  2025-12-31 |  56.23M ⊗

               |                         |                         |                         |                         |
               0.00M                    14.06M                    28.12M                    42.17M                    56.23M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -185.64M                   -92.82M                    0.00M                    92.82M                    185.64M
               |                         |                         |                         |                         |

  2019-12-31 |                                                    |  117.25M
  2020-03-31 |                                                    |  116.25M
  2020-06-30 |                                                     |  120.90M
  2020-09-30 |                                                     |  110.15M
  2020-12-31 |                                                    |  102.28M
  2021-03-31 |                                                     | 185.64M
  2021-06-30 |                                                    |  175.36M
  2021-09-30 |                                                    |  165.58M
  2021-12-31 |                                                  |  146.53M
  2022-03-31 |                                                   |  134.95M
  2022-06-30 |                                                    |  70.63M
  2022-09-30 |                                                    |  62.18M
  2022-12-31 |                                                     |  57.83M
  2023-03-31 |                                                     |  48.40M
  2023-06-30 |                                                    |  41.82M
  2023-09-30 |                                                     |  52.09M
  2023-12-31 |                                                     |  53.21M
  2024-03-31 |                                                     |  61.31M
  2024-06-30 |                                                    |  49.39M
  2024-09-30 |                                                   |  41.46M
  2024-12-31 |                                                    |  65.83M
  2025-03-31 |                                                    |  82.20M
  2025-06-30 |                                                    |  78.81M
  2025-09-30 |                                                     |  81.11M
  2025-12-31 |                                                     |  98.70M

               |                         |                         |                         |                         |
               -185.64M                   -92.82M                    0.00M                    92.82M                    185.64M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -17.52M                   -8.76M                     0.00M                     8.76M                    17.52M
               |                         |                         |                         |                         |

  2019-12-31 |                                              |  3.62M
  2020-03-31 |                                                  |  15.51M
  2020-06-30 |                                                     |  8.08M
  2020-09-30 |                                                     |  7.69M
  2020-12-31 |                                                |  4.02M
  2021-03-31 |                                                     |  4.12M
  2021-06-30 |                                                  |  4.96M
  2021-09-30 |                                                    |  5.76M
  2021-12-31 |                       |  -10.13M
  2022-03-31 |                                |  -7.00M
  2022-06-30 |                                       |  7.99M
  2022-09-30 |                                             |  3.68M
  2022-12-31 |                                                     |  4.95M
  2023-03-31 |                                                     |  0.68M
  2023-06-30 |                                         |  -4.11M
  2023-09-30 |                                                     |  13.15M
  2023-12-31 |                                                     |  0.95M
  2024-03-31 |                                                     |  11.38M
  2024-06-30 |                                        |  -4.23M
  2024-09-30 |                                    |  -5.62M
  2024-12-31 |                                         |  -3.89M
  2025-03-31 |                                                    |  2.28M
  2025-06-30 |                                                 |  2.39M
  2025-09-30 |                                                     |  5.22M
  2025-12-31 |                                                     | 17.52M

               |                         |                         |                         |                         |
               -17.52M                   -8.76M                     0.00M                     8.76M                    17.52M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00M                    95.49M                    190.99M                   286.48M                   381.97M
               |                         |                         |                         |                         |

  2019-12-31 |  249.97M
  2020-03-31 |  271.79M
  2020-06-30 |  281.37M
  2020-09-30 |  280.39M
  2020-12-31 |  283.64M
  2021-03-31 |  375.07M
  2021-06-30 |  378.57M
  2021-09-30 |  381.97M
  2021-12-31 |  373.62M
  2022-03-31 |  367.91M
  2022-06-30 |  360.47M
  2022-09-30 |  348.55M
  2022-12-31 |  329.23M
  2023-03-31 |  329.76M
  2023-06-30 |  321.90M
  2023-09-30 |  312.83M
  2023-12-31 |  306.80M
  2024-03-31 |  302.83M
  2024-06-30 |  294.30M
  2024-09-30 |  291.29M
  2024-12-31 |  270.24M
  2025-03-31 |  290.00M
  2025-06-30 |  295.25M
  2025-09-30 |  298.69M
  2025-12-31 |  315.21M

               |                         |                         |                         |                         |
               0.00M                    95.49M                    190.99M                   286.48M                   381.97M

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for LASR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -304.65M                  -152.32M                    0.00M                    152.32M                   304.65M
               |                         |                         |                         |                         |

  2019-12-31 |                                                   |  216.61M
  2020-03-31 |                                                    |  212.95M
  2020-06-30 |                                                    |  211.32M
  2020-09-30 |                                                    |  216.09M
  2020-12-31 |                                                    |  219.91M
  2021-03-31 |                                                    | 304.06M
  2021-06-30 |                                                    | 304.65M
  2021-09-30 |                                                    | 304.00M
  2021-12-31 |                                                    | 302.13M
  2022-03-31 |                                                    |  300.58M
  2022-06-30 |                                                   |  293.85M
  2022-09-30 |                                                   |  285.84M
  2022-12-31 |                                                 |  270.85M
  2023-03-31 |                                                    |  269.16M
  2023-06-30 |                                                   |  265.36M
  2023-09-30 |                                                   |  259.52M
  2023-12-31 |                                                   |  254.42M
  2024-03-31 |                                                   |  244.36M
  2024-06-30 |                                                   |  239.53M
  2024-09-30 |                                                   |  235.27M
  2024-12-31 |                                                 |  216.43M
  2025-03-31 |                                                    |  212.76M
  2025-06-30 |                                                    |  216.00M
  2025-09-30 |                                                    |  218.49M
  2025-12-31 |                                                    |  226.75M

               |                         |                         |                         |                         |
               -304.65M                  -152.32M                    0.00M                    152.32M                   304.65M

Price History

Volume

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