LASR

Nlight, Inc. Information Technology Semiconductors & Related Devices Russell 3000
$37.13Close $1.9BMarket cap $28.60 – $84.9552-week range Nov 5, 2026Next report · after the close

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 9 · weaker than 91% of stocks over 12 months
  • Far from its high 56% below its 52-week high
  • Results soon Nov 5, 2026, in 4 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 7, 2026
Off 12-month high 56%
1wk up 2.2% price change
1mo down 4.7% price change
12-month return up 18% market up 11% · its own up 4%
F-score 6 / 9 Mixed
Altman Z 12.57 Low risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 8.4× price / book
Earnings yield down 1.5% EBIT / enterprise value
Cheaper than 22% of the market · expensive
Revenue growth up 32% year on year
EPS growth — latest quarter
Sales growth up 34% latest quarter · -21 pts
ROE down 11% return on equity
Free cash margin up 5% $12.3M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • short-term liquidity weakened
  • issued more shares
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • gross margin widened
  • assets working harder

Repair signals

  • FCF turned positive ($-10M → $12M)
  • Gross margin 16.6% → 29.8%
  • Revenue reaccelerating (-5% then +32%)

Trade setup

ATR% 5.4% $1.99 a day · 2×ATR $33.15
RS 9 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.7× vs 50-day average
Up/down volume 0.70 50 sessions
Implied move — no option chain · report Nov 5, 2026
Trend template · 1 of 8
  • 150-day average above the 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Shareholders diluted The share count rose 4.5% over the year, from 49m to 51m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 6, 2026
Last shock Aug 7, 2026-26% in one session4.3× volumeon results-34% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $261.3M +32% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $222.8M FY2021 · $270.1M FY2022 · $242.1M FY2023 · $209.9M FY2024 · $198.5M FY2025 · $261.3M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$23.5M
-$100M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$20.9M FY2021 · -$29.7M FY2022 · -$54.6M FY2023 · -$41.7M FY2024 · -$60.8M FY2025 · -$23.5M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $12.3M back to a profit
-$50M $0 $20M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$10.4M FY2021 · -$26.8M FY2022 · -$35.9M FY2023 · $4.8M FY2024 · -$10.3M FY2025 · $12.3M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 30%
  • Net -9%
  • Free cash 5%
-50% 0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 27% · Net -9% · Free cash -5% FY2021 · Gross 29% · Net -11% · Free cash -10% FY2022 · Gross 21% · Net -23% · Free cash -15% FY2023 · Gross 22% · Net -20% · Free cash 2% FY2024 · Gross 17% · Net -31% · Free cash -5% FY2025 · Gross 30% · Net -9% · Free cash 5%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $102.3M · Long-term debt $215,000 FY2021 · Cash $146.5M · Long-term debt $0 FY2022 · Cash $57.8M FY2023 · Cash $53.2M FY2024 · Cash $65.8M FY2025 · Cash $98.7M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 51.16m +28.6% since FY2020
51.16m 39.79m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 39.79m FY2021 · 44.25m FY2022 · 45.63m FY2023 · 47.27m FY2024 · 48.95m FY2025 · 51.16m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $222.8M $270.1M $242.1M $209.9M $198.5M $261.3M
Gross margin 27% 29% 21% 22% 17% 30%
Operating income -$21.0M -$30.2M -$55.1M -$46.8M -$65.6M -$26.6M
Net income -$20.9M -$29.7M -$54.6M -$41.7M -$60.8M -$23.5M
Net margin -9% -11% -23% -20% -31% -9%
Earnings per share -$0.55 -$0.70 -$1.23 -$0.90 -$1.27 -$0.47
Free cash flow -$10.4M -$26.8M -$35.9M $4.8M -$10.3M $12.3M
Free cash margin -5% -10% -15% 2% -5% 5%
Cash $102.3M $146.5M $57.8M $53.2M $65.8M $98.7M
Long-term debt $215,000 $0 — — — —
Shareholders' equity $219.9M $302.1M $270.8M $254.4M $216.4M $226.7M
Shares outstanding 39.79m 44.25m 45.63m 47.27m 48.95m 51.16m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 7, 2026 Quarterly ↗ Jun 30, 2026 38d
May 8, 2026 Quarterly ↗ Mar 31, 2026 38d
Feb 27, 2026 Annual ↗ Dec 31, 2025 58d
Nov 7, 2025 Quarterly ↗ Sep 30, 2025 38d
Aug 8, 2025 Quarterly ↗ Jun 30, 2025 39d
May 9, 2025 Quarterly ↗ Mar 31, 2025 39d
Feb 28, 2025 Annual ↗ Dec 31, 2024 59d
Nov 8, 2024 Quarterly ↗ Sep 30, 2024 39d
Aug 2, 2024 Quarterly ↗ Jun 30, 2024 33d
May 3, 2024 Quarterly ↗ Mar 31, 2024 33d
Feb 26, 2024 Annual ↗ Dec 31, 2023 57d
Nov 3, 2023 Quarterly ↗ Sep 30, 2023 34d

Current reports

FiledDisclosed
Aug 6, 2026 Results ↗
Jun 8, 2026 Shareholder vote ↗
May 7, 2026 Results ↗
Feb 26, 2026 Results ↗
Feb 4, 2026 Other events ↗
Jan 13, 2026 Results ↗
Jan 6, 2026 Director or officer change ↗
Nov 6, 2025 Results ↗
Aug 15, 2025 Director or officer change ↗
Aug 7, 2025 Results ↗
Jun 13, 2025 Shareholder vote ↗
Jun 13, 2025 Director or officer change ↗