Symbols / LASR Stock $71.98 -0.33% nLIGHT, Inc.

Technology • Semiconductors • United States • NMS
LASR (Stock) Chart
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About

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.

Stock Fundamentals
Scroll to Statements
Market Cap 4.02B Enterprise Value 3.92B Income -23.47M Sales 261.33M Book/sh 4.43 Cash/sh 2.40
Dividend Yield — Payout 0.00% Employees 800 IPO — P/E — Forward P/E 144.28
PEG 1.78 P/S 15.37 P/B 16.24 P/C — EV/EBITDA -394.01 EV/Sales 14.99
Quick Ratio 2.97 Current Ratio 3.79 Debt/Eq 15.97 LT Debt/Eq — EPS (ttm) -0.47 EPS next Y 0.50
EPS Growth — Revenue Growth 71.30% Earnings 2026-05-07 ROA -5.17% ROE -10.59% ROIC —
Gross Margin 29.83% Oper. Margin -5.90% Profit Margin -8.98% Shs Outstand 55.79M Shs Float 53.96M Short Float 5.35%
Short Ratio 1.23 Short Interest — 52W High 74.97 52W Low 7.41 Beta 2.27 Avg Volume 1.79M
Volume 811.03K Target Price $74.50 Recom Strong_buy Prev Close $72.22 Price $71.98 Change -0.33%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$74.50
Mean price target
2. Current target
$71.98
Latest analyst target
3. DCF / Fair value
$5.22
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$71.98
Low
$62.50
High
$95.00
Mean
$74.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 reit Stifel Buy → Buy $75
2026-03-27 init William Blair — → Outperform —
2026-03-04 init Baird — → Outperform $95
2026-02-27 main Cantor Fitzgerald Overweight → Overweight $63
2026-02-27 main Needham Buy → Buy $70
2026-02-03 main Roth Capital Buy → Buy $55
2026-01-14 reit Stifel Buy → Buy $45
2026-01-13 main Needham Buy → Buy $48
2025-12-17 init Roth Capital — → Buy $44
2025-11-07 main Cantor Fitzgerald Overweight → Overweight $40
2025-11-07 main Needham Buy → Buy $39
2025-11-07 main Stifel Buy → Buy $40
2025-09-15 main Cantor Fitzgerald Overweight → Overweight $34
2025-08-08 main Raymond James Strong Buy → Strong Buy $28
2025-08-08 main Cantor Fitzgerald Overweight → Overweight $28
2025-08-08 main Stifel Buy → Buy $26
2025-08-08 main Benchmark Speculative Buy → Speculative Buy $25
2025-08-08 main Needham Buy → Buy $28
2025-06-26 main Craig-Hallum Buy → Buy $24
2025-05-29 main Needham Buy → Buy $18
News
RSS: Latest LASR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 LINK RAYMOND A Director — 25,404 $62.79 $1,612,652
2026-03-12 NIAS JAMES Officer — 1,808 $64.42 $116,471
2026-03-09 KEENEY SCOTT H Chief Executive Officer — 19,096 $57.48 $1,122,755
2026-03-09 LOCKE GARY F Director — 69,725 $1.45 $101,101
2026-03-06 KEENEY SCOTT H Chief Executive Officer — 55,895 $58.58 $3,429,404
2026-03-06 CORSO JOSEPH JOHN Chief Financial Officer — 25,328 $60.39 $1,550,028
2026-03-05 NIAS JAMES Officer — 3,249 $61.96 $201,308
2026-01-06 KEENEY SCOTT H Chief Executive Officer — 31,748 $37.51 $1,190,867
2026-01-06 KEENEY SCOTT H Chief Executive Officer — 31,748 $1.15 $36,510
2026-01-06 KEENEY SCOTT H Chief Executive Officer — 31,748 $36.74 $1,190,733
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
261.33
+31.62%
198.55
-5.42%
209.92
-13.28%
242.06
Operating Revenue
261.33
+31.62%
198.55
-5.42%
209.92
-13.28%
242.06
Cost Of Revenue
183.37
+10.78%
165.53
+1.05%
163.81
-14.34%
191.24
Reconciled Cost Of Revenue
183.37
+10.78%
165.53
+1.05%
163.81
-14.34%
191.24
Gross Profit
77.96
+136.12%
33.02
-28.40%
46.11
-9.26%
50.82
Operating Expense
102.17
+8.27%
94.36
+2.50%
92.06
-9.77%
102.03
Research And Development
47.97
+6.35%
45.11
-2.29%
46.16
-14.15%
53.77
Selling General And Administration
54.19
+10.02%
49.26
+7.32%
45.90
-4.89%
48.26
Total Expenses
285.53
+9.87%
259.89
+1.57%
255.87
-12.75%
293.27
Operating Income
-24.20
+60.55%
-61.34
-33.51%
-45.95
+10.27%
-51.21
Total Operating Income As Reported
-26.55
+59.55%
-65.64
-40.35%
-46.77
+15.13%
-55.10
EBITDA
-7.43
+82.79%
-43.17
-62.58%
-26.55
+25.23%
-35.51
Normalized EBITDA
-5.08
+86.94%
-38.88
-51.06%
-25.73
+18.61%
-31.62
Reconciled Depreciation
14.26
-18.98%
17.60
+9.77%
16.03
+2.11%
15.70
EBIT
-21.68
+64.31%
-60.76
-42.70%
-42.58
+16.85%
-51.21
Total Unusual Items
-2.35
+45.28%
-4.29
-425.86%
-0.82
+79.03%
-3.89
Total Unusual Items Excluding Goodwill
-2.35
+45.28%
-4.29
-425.86%
-0.82
+79.03%
-3.89
Special Income Charges
-2.35
+45.28%
-4.29
-425.86%
-0.82
+79.03%
-3.89
Impairment Of Capital Assets
1.21
0.00
0.00
-100.00%
2.57
Restructuring And Mergern Acquisition
1.14
-73.41%
4.29
+425.86%
0.82
-38.46%
1.33
Net Income
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Pretax Income
-22.77
+62.59%
-60.87
-42.72%
-42.65
+21.36%
-54.23
Net Non Operating Interest Income Expense
3.82
+129.14%
1.67
+24.29%
1.34
+153.69%
0.53
Interest Expense Non Operating
1.08
+932.38%
0.10
+56.72%
0.07
—
Net Interest Income
3.82
+129.14%
1.67
+24.29%
1.34
+153.69%
0.53
Interest Expense
1.08
+932.38%
0.10
+56.72%
0.07
—
Interest Income Non Operating
4.91
+176.71%
1.77
+25.83%
1.41
+166.35%
0.53
Interest Income
4.91
+176.71%
1.77
+25.83%
1.41
+166.35%
0.53
Other Income Expense
-2.39
-100.50%
-1.19
-160.77%
1.96
+155.15%
-3.55
Other Non Operating Income Expenses
-0.04
-101.29%
3.10
+11.67%
2.78
+721.30%
0.34
Tax Provision
0.70
+1019.74%
-0.08
+92.23%
-0.98
-384.30%
0.34
Tax Rate For Calcs
0.00
+20900.00%
0.00
-95.65%
0.00
-89.05%
0.00
Tax Effect Of Unusual Items
-0.49
-11391.03%
-0.00
+77.14%
-0.02
+97.70%
-0.82
Net Income Including Noncontrolling Interests
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Net Income From Continuing Operation Net Minority Interest
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Net Income From Continuing And Discontinued Operation
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Net Income Continuous Operations
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Normalized Income
-21.61
+61.75%
-56.51
-38.25%
-40.87
+20.64%
-51.50
Net Income Common Stockholders
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Diluted EPS
—
-1.27
-41.11%
-0.90
+26.83%
-1.23
Basic EPS
—
-1.27
-41.11%
-0.90
+26.83%
-1.23
Basic Average Shares
—
47.90
+3.95%
46.08
+3.70%
44.44
Diluted Average Shares
—
47.90
+3.95%
46.08
+3.70%
44.44
Diluted NI Availto Com Stockholders
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Total Other Finance Cost
—
—
-1.34
-153.69%
-0.53
Line Item Trend 2023-12-31
Total Assets
306.80
Current Assets
220.55
Cash Cash Equivalents And Short Term Investments
112.88
Cash And Cash Equivalents
53.21
Other Short Term Investments
59.67
Receivables
39.59
Accounts Receivable
39.59
Gross Accounts Receivable
39.90
Allowance For Doubtful Accounts Receivable
-0.32
Other Receivables
—
Inventory
52.16
Raw Materials
23.43
Work In Process
19.64
Finished Goods
9.09
Prepaid Assets
—
Other Current Assets
15.93
Total Non Current Assets
86.25
Net PPE
64.92
Gross PPE
160.33
Accumulated Depreciation
-95.42
Properties
0.00
Land And Improvements
3.40
Buildings And Improvements
9.39
Machinery Furniture Equipment
11.89
Other Properties
103.67
Leases
31.99
Goodwill And Other Intangible Assets
14.05
Goodwill
12.40
Other Intangible Assets
1.65
Other Non Current Assets
7.28
Total Liabilities Net Minority Interest
52.38
Current Liabilities
32.75
Payables And Accrued Expenses
24.72
Payables
12.17
Accounts Payable
12.17
Current Accrued Expenses
12.56
Current Debt And Capital Lease Obligation
3.18
Current Debt
—
Current Capital Lease Obligation
3.18
Current Deferred Liabilities
4.85
Current Deferred Revenue
4.85
Total Non Current Liabilities Net Minority Interest
19.63
Long Term Debt And Capital Lease Obligation
10.98
Long Term Capital Lease Obligation
10.98
Tradeand Other Payables Non Current
5.39
Other Non Current Liabilities
3.26
Stockholders Equity
254.42
Common Stock Equity
254.42
Capital Stock
0.02
Common Stock
0.02
Share Issued
47.27
Ordinary Shares Number
47.27
Treasury Shares Number
0.00
Additional Paid In Capital
521.18
Retained Earnings
-264.30
Gains Losses Not Affecting Retained Earnings
-2.48
Other Equity Adjustments
-2.48
Total Equity Gross Minority Interest
254.42
Total Capitalization
254.42
Working Capital
187.80
Invested Capital
254.42
Total Debt
14.16
Capital Lease Obligations
14.16
Net Tangible Assets
240.37
Tangible Book Value
240.37
Current Provisions
—
Line Of Credit
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
21.33
+1004.20%
-2.36
-123.38%
10.09
+169.39%
-14.54
Cash Flow From Continuing Operating Activities
21.33
+1004.20%
-2.36
-123.38%
10.09
+169.39%
-14.54
Net Income From Continuing Operations
-23.47
+61.40%
-60.79
-45.89%
-41.67
+23.65%
-54.58
Depreciation Amortization Depletion
14.26
-18.98%
17.60
+9.77%
16.03
+2.11%
15.70
Depreciation
12.33
-5.07%
12.99
+4.73%
12.40
+11.87%
11.09
Amortization Cash Flow
1.93
-58.18%
4.61
+26.98%
3.63
-21.35%
4.61
Depreciation And Amortization
14.26
-18.98%
17.60
+9.77%
16.03
+2.11%
15.70
Amortization Of Intangibles
1.93
-58.18%
4.61
+26.98%
3.63
-21.35%
4.61
Other Non Cash Items
0.93
-21.94%
1.19
—
2.76
Stock Based Compensation
33.41
+33.85%
24.96
-3.37%
25.83
-3.46%
26.76
Provisionand Write Offof Assets
-1.11
-174.88%
1.49
+5414.81%
0.03
+575.00%
0.00
Asset Impairment Charge
-4.06
-330.93%
1.76
+38.61%
1.27
-57.70%
3.00
Deferred Tax
0.16
+124.42%
-0.65
-9400.00%
0.01
+75.00%
0.00
Deferred Income Tax
0.16
+124.42%
-0.65
-9400.00%
0.01
+75.00%
0.00
Operating Gains Losses
0.16
-17.53%
0.19
-64.21%
0.54
+962.75%
0.05
Gain Loss On Sale Of PPE
0.16
-17.53%
0.19
-64.21%
0.54
+962.75%
0.05
Change In Working Capital
1.06
-91.08%
11.90
+47.75%
8.05
+197.79%
-8.24
Change In Receivables
-14.70
-616.80%
2.85
+269.65%
-1.68
-160.83%
2.76
Changes In Account Receivables
-14.70
-616.80%
2.85
+269.65%
-1.68
-160.83%
2.76
Change In Inventory
-4.15
-137.57%
11.05
-25.80%
14.89
+222.09%
4.62
Change In Prepaid Assets
4.45
+348.85%
-1.79
-261.14%
1.11
+163.26%
-1.75
Change In Payables And Accrued Expense
12.22
+195.19%
4.14
+158.37%
-7.09
-9.25%
-6.49
Change In Accrued Expense
6.06
+758.22%
0.71
+152.84%
-1.34
-131.54%
-0.58
Change In Payable
6.17
+79.48%
3.44
+159.65%
-5.76
+2.67%
-5.92
Change In Account Payable
5.89
+82.23%
3.23
+171.75%
-4.50
+23.73%
-5.90
Change In Other Working Capital
-2.10
-71.81%
-1.22
-135.66%
3.43
+1750.00%
-0.21
Change In Other Current Assets
1.41
+224.49%
-1.13
+2.16%
-1.16
+77.85%
-5.22
Change In Other Current Liabilities
3.94
+297.79%
-1.99
-37.47%
-1.45
+25.39%
-1.94
Investing Cash Flow
-8.77
-152.55%
16.69
+218.37%
-14.10
+80.52%
-72.38
Cash Flow From Continuing Investing Activities
-8.77
-152.55%
16.69
+218.37%
-14.10
+80.52%
-72.38
Net PPE Purchase And Sale
-8.49
-7.03%
-7.93
-48.57%
-5.34
+75.04%
-21.39
Purchase Of PPE
-9.03
-13.87%
-7.93
-48.57%
-5.34
+75.04%
-21.39
Sale Of PPE
0.54
0.00
0.00
—
Capital Expenditure
-9.03
-13.87%
-7.93
-48.57%
-5.34
+75.42%
-21.72
Net Investment Purchase And Sale
-0.28
-101.14%
24.62
+381.04%
-8.76
+82.48%
-50.00
Purchase Of Investment
-78.60
+11.33%
-88.64
+30.70%
-127.91
-27.93%
-99.98
Sale Of Investment
78.32
-30.85%
113.27
-4.94%
119.15
+138.35%
49.99
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-0.66
Purchase Of Business
—
0.00
0.00
+100.00%
-0.66
Net Intangibles Purchase And Sale
—
0.00
0.00
+100.00%
-0.33
Purchase Of Intangibles
—
0.00
0.00
+100.00%
-0.33
Financing Cash Flow
20.11
+1643.36%
-1.30
-51.69%
-0.86
+34.23%
-1.31
Cash Flow From Continuing Financing Activities
20.11
+1643.36%
-1.30
-51.69%
-0.86
+34.23%
-1.31
Net Issuance Payments Of Debt
20.00
0.00
0.00
0.00
Issuance Of Debt
20.00
0.00
0.00
0.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
—
—
0.00
0.00
Short Term Debt Issuance
20.00
0.00
0.00
—
Net Short Term Debt Issuance
20.00
0.00
0.00
—
Net Common Stock Issuance
—
—
0.00
0.00
Proceeds From Stock Option Exercised
3.18
-1.40%
3.22
+3.60%
3.11
-12.55%
3.56
Net Other Financing Charges
-3.07
+32.23%
-4.52
-14.01%
-3.97
+18.37%
-4.86
Changes In Cash
32.67
+150.76%
13.03
+367.63%
-4.87
+94.48%
-88.23
Effect Of Exchange Rate Changes
0.26
+165.02%
-0.41
-258.59%
0.26
+153.67%
-0.48
Beginning Cash Position
66.09
+23.61%
53.47
-7.94%
58.08
-60.43%
146.78
End Cash Position
99.02
+49.83%
66.09
+23.61%
53.47
-7.94%
58.08
Free Cash Flow
12.30
+219.50%
-10.29
-316.56%
4.75
+113.10%
-36.26
Interest Paid Supplemental Data
1.07
+1655.74%
0.06
+52.50%
0.04
0.00
Income Tax Paid Supplemental Data
—
0.72
+179.69%
0.26
-42.08%
0.44
Change In Income Tax Payable
0.28
+35.78%
0.20
+116.24%
-1.26
-9561.54%
-0.01
Change In Tax Payable
0.28
+35.78%
0.20
+116.24%
-1.26
-9561.54%
-0.01
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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