NLIGHT, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $261.3M | $198.5M | $209.9M | $242.1M | $270.1M |
| Gross profit | $78.0M | $33.0M | $46.1M | $50.8M | $77.3M |
| Operating income | -$26.6M | -$65.6M | -$46.8M | -$55.1M | -$30.2M |
| Operating expenses | $104.5M | $98.7M | $92.9M | $105.9M | $107.5M |
| Cost of revenue | $183.4M | $165.5M | $163.8M | $191.2M | $192.8M |
| Cash from operations | $21.3M | -$2.4M | $10.1M | -$14.5M | -$7.4M |
| Capital expenditure | $9.0M | $7.9M | $5.3M | $21.4M | $19.3M |
| Free cash flow | $12.3M | -$10.3M | $4.8M | -$35.9M | -$26.8M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $315.2M | $270.2M | $306.8M | $329.2M | $373.6M |
| Total liabilities | $88.5M | $53.8M | $52.4M | $58.4M | $71.5M |
Shares outstanding 56.4M · Free float 94.3%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.