Growth & profitability
- Revenue has grown 3.2% per year over the past 5 years.
- Operating margin has been roughly flat, at -10.2% in the latest year.
Financial health
- Operating income covered interest expense -24.5× in the latest year.
LASR Financials Nlight, Inc.
10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $261M | -$23M | 29.8% | -10.2% | $12M | — | $99M |
| 2024 | $199M | -$61M | 16.6% | -33.1% | -$10M | — | $66M |
| 2023 | $210M | -$42M | 22.0% | -22.3% | $5M | — | $53M |
| 2022 | $242M | -$55M | 21.0% | -22.8% | -$36M | — | $58M |
| 2021 | $270M | -$30M | 28.6% | -11.2% | -$27M | $0 | $147M |
| 2020 | $223M | -$21M | 26.6% | -9.4% | -$10M | $399000 | $102M |
| 2019 | $177M | -$13M | 29.6% | -5.6% | -$17M | $51000 | $117M |
| 2018 | $191M | $14M | 35.0% | 8.9% | -$7M | $109000 | $149M |
| 2017 | $139M | $2M | 31.9% | 7.1% | — | $17M | $37M |
| 2016 | — | -$14M | — | — | — | — | $14M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $80M | $645000 | 33.1% | -0.9% | $8M | — | $298M |
| Dec '25 | $81M | -$5M | 30.7% | -6.7% | $16M | — | $99M |
| Sep '25 | $67M | -$7M | 31.1% | -10.9% | $2M | — | $81M |
| Jun '25 | $62M | -$4M | 29.9% | -6.9% | -$4M | — | $79M |
| Mar '25 | $52M | -$8M | 26.7% | -18.6% | -$2M | — | $82M |
| Dec '24 | $47M | -$25M | 2.4% | -55.8% | -$7M | — | $66M |
| Sep '24 | $56M | -$10M | 22.4% | -21.0% | -$7M | — | $41M |
| Jun '24 | $51M | -$12M | 23.5% | -25.1% | -$6M | — | $49M |
| Mar '24 | $45M | -$14M | 16.8% | -33.1% | $10M | — | $61M |
| Dec '23 | $52M | -$13M | 18.9% | -27.6% | -$549000 | — | $53M |
| Sep '23 | $51M | -$12M | 19.6% | -24.7% | $10M | — | $52M |
| Jun '23 | $53M | -$9M | 22.7% | -21.9% | -$5M | — | $42M |
| Mar '23 | $54M | -$8M | 26.4% | -15.2% | -$40000 | — | $48M |
| Dec '22 | $57M | -$23M | 10.2% | -41.5% | -$5M | — | $58M |
| Sep '22 | $60M | -$13M | 22.4% | -21.6% | -$6M | — | $62M |
| Jun '22 | $61M | -$10M | 25.3% | -17.0% | -$13M | — | $71M |
| Mar '22 | $64M | -$9M | 25.1% | -12.9% | -$12M | — | $135M |
| Dec '21 | $67M | -$9M | 26.6% | -12.8% | -$16M | $0 | $147M |
| Sep '21 | $72M | -$7M | 29.6% | -9.4% | -$6M | $0 | $166M |
| Jun '21 | $69M | -$8M | 29.4% | -13.0% | -$6M | $30000 | $175M |
Valuation over time
How the market has priced LASR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 2.4× (Mar '23) to 13.5× (Jun '26).
P/S
Frequently asked questions
Is LASR growing its revenue and profit?
Over the past 5 years, Nlight, Inc.'s revenue has grown 3.2% per year. These are computed facts, not advice.
How much debt does LASR have?
As of FY2025, Nlight, Inc. reported — of total debt against $99M of cash; operating income covered interest expense -24.5×.
What is LASR's profit margin?
In FY2025, gross margin was 29.8%, operating margin -10.2%, and net margin -9.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.