nLIGHT, Inc. (LASR) Income Statement
LASR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLASR revenue and net income
Where LASR's revenue goes
2025Each bar shows an amount and its share of revenue. LASR kept −9.0% of revenue as net income.
LASR profit margins
LASR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.6% | +2.6% | +3.2% | — |
| Gross profit | +136.1% | +15.3% | +5.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LASR quarterly EPS vs estimates
nLIGHT beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.12).
LASR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $261.3M | $198.5M | $209.9M | $242.1M | $270.1M | $222.8M | $176.6M | $191.4M | $138.6M | $101.3M |
| Cost of revenue | $183.4M | $165.5M | $163.8M | $191.2M | $192.8M | $163.4M | $124.3M | $124.4M | $94.3M | $78.2M |
| Gross profit | $78.0M | $33.0M | $46.1M | $50.8M | $77.3M | $59.4M | $52.3M | $67.0M | $44.3M | $23.2M |
| Research & development | $48.0M | $45.1M | $46.2M | $53.8M | $54.8M | $41.2M | $28.1M | $21.1M | $15.1M | $15.2M |
| Sales, general & admin | $54.2M | $49.3M | $46.5M | $48.3M | $52.7M | $39.2M | $34.1M | $28.8M | $19.4M | $17.3M |
| Total operating expenses | $104.5M | $98.7M | $92.9M | $105.9M | $107.5M | $80.4M | $62.2M | $49.9M | $34.5M | $32.5M |
| Operating income | −$26.6M | −$65.6M | −$46.8M | −$55.1M | −$30.2M | −$21.0M | −$9.9M | $17.1M | $9.8M | −$9.3M |
| Interest income | $4.9M | $1.7M | $1.3M | $529,000 | — | $78,000 | $2.6M | $728,000 | $333,000 | $1.2M |
| Interest expense | $1.9M | $105,000 | $1.3M | $529,000 | $163,000 | $456,000 | $2.6M | $728,000 | $1.3M | $2.2M |
| Income before taxes | −$22.8M | −$60.9M | −$42.6M | −$54.2M | −$30.0M | −$20.6M | −$6.8M | $17.5M | $6.7M | −$12.3M |
| Income taxes | $699,000 | −$76,000 | −$978,000 | $344,000 | −$375,000 | $340,000 | $6.1M | $3.6M | $4.9M | $1.9M |
| Net income | −$23.5M | −$60.8M | −$41.7M | −$54.6M | −$29.7M | −$20.9M | −$12.9M | $13.9M | $1.8M | −$14.2M |
| EBITDA | −$6.6M | −$43.7M | −$29.9M | −$35.5M | −$14.8M | −$7.4M | −$345,000 | $25.4M | $17.7M | −$1.2M |
| EPS (diluted) | −$0.11 | −$0.65 | −$0.29 | −$0.49 | $0.22 | −$0.02 | $0.02 | $0.49 | $0.05 | −$4.73 |
| Gross margin | 29.8% | 16.6% | 22.0% | 21.0% | 28.6% | 26.6% | 29.6% | 35.0% | 31.9% | 22.9% |
| Operating margin | −10.2% | −33.1% | −22.3% | −22.8% | −11.2% | −9.4% | −5.6% | 8.9% | 7.1% | −9.2% |
| Net margin | −9.0% | −30.6% | −19.9% | −22.5% | −11.0% | −9.4% | −7.3% | 7.3% | 1.3% | −14.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.6M | $80.2M | $81.2M | $66.7M | $61.7M | $51.7M | $47.4M | $56.1M | $50.5M | $44.5M | $51.9M | $50.6M |
| Cost of revenue | $56.9M | $53.7M | $56.2M | $46.0M | $43.3M | $37.9M | $46.2M | $43.6M | $38.7M | $37.0M | $42.1M | $40.7M |
| Gross profit | $25.7M | $26.5M | $25.0M | $20.8M | $18.5M | $13.8M | $1.1M | $12.6M | $11.8M | $7.5M | $9.8M | $9.9M |
| Research & development | $13.1M | $11.8M | $14.1M | $11.5M | $11.0M | $11.4M | $11.4M | $11.3M | $11.7M | $10.7M | $12.1M | $10.7M |
| Sales, general & admin | $16.2M | $15.1M | $15.7M | $14.8M | $11.7M | $12.0M | $11.9M | $13.0M | $12.8M | $11.5M | $11.2M | $11.7M |
| Total operating expenses | $29.3M | $26.9M | $30.4M | $28.1M | $22.7M | $23.4M | $27.6M | $24.3M | $24.5M | $22.2M | $24.1M | $22.5M |
| Operating income | −$3.6M | −$424,000 | −$5.4M | −$7.3M | −$4.2M | −$9.6M | −$26.4M | −$11.8M | −$12.7M | −$14.7M | −$14.3M | −$12.5M |
| Interest income | $2.5M | $1.6M | $1.0M | $1.1M | $1.1M | $1.6M | $360,000 | $394,000 | $459,000 | $455,000 | — | $303,000 |
| Interest expense | $204,000 | $300,000 | $331,000 | $1.1M | $388,000 | $48,000 | — | $27,000 | $20,000 | — | $352,000 | $303,000 |
| Income before taxes | −$1.3M | $698,000 | −$4.6M | −$6.6M | −$3.6M | −$8.0M | −$25.6M | −$10.1M | −$11.6M | −$13.6M | −$13.2M | −$11.7M |
| Income taxes | $75,000 | $53,000 | $272,000 | $273,000 | $17,000 | $137,000 | −$601,000 | $261,000 | $120,000 | $144,000 | $27,000 | $187,000 |
| Net income | −$1.3M | $645,000 | −$4.9M | −$6.9M | −$3.6M | −$8.1M | −$25.0M | −$10.3M | −$11.7M | −$13.8M | −$13.2M | −$11.9M |
| EBITDA | $7.1M | $4.4M | −$629,000 | −$2.1M | $229,000 | −$4.3M | −$17.3M | −$5.8M | −$7.5M | −$9.2M | −$9.5M | −$7.7M |
| EPS (diluted) | −$0.02 | $0.20 | −$0.08 | $0.08 | −$0.07 | −$0.04 | −$0.30 | −$0.08 | −$0.10 | −$0.17 | −$0.13 | −$0.10 |
| Gross margin | 31.1% | 33.1% | 30.7% | 31.1% | 29.9% | 26.7% | 2.4% | 22.4% | 23.5% | 16.8% | 18.9% | 19.6% |
| Operating margin | −4.3% | −0.5% | −6.7% | −10.9% | −6.9% | −18.6% | −55.8% | −21.0% | −25.1% | −33.1% | −27.6% | −24.7% |
| Net margin | −1.6% | 0.8% | −6.0% | −10.3% | −5.8% | −15.7% | −52.7% | −18.4% | −23.2% | −30.9% | −25.5% | −23.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LASR's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LASR financial results
In fiscal year 2025 (ended December 31, 2025), nLIGHT reported revenue of $261.3 million, up 31.6% from the year before. It had a net loss of $23.5 million, a net profit margin of −9.0%. Diluted earnings per share came to −$0.11. Over five years revenue grew at an average rate of 3.2% a year.
See the LASR stock overview for the latest quote and news, or the LASR chart for price history and technical indicators.
LASR income statement FAQ
What is nLIGHT's annual revenue?
nLIGHT reported total revenue of $261.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 31.6% from $198.5 million the previous year.
Is nLIGHT profitable?
No. nLIGHT reported a net loss of $23.5 million in fiscal 2025, a net profit margin of −9.0%; its operating margin was −10.2%.
What is nLIGHT's gross margin?
nLIGHT's gross margin was 29.8% in fiscal 2025: for every $100 of revenue, nLIGHT kept $30 after the direct cost of its products and services.
How much does nLIGHT spend on research and development?
nLIGHT spent $48.0 million on research and development in fiscal 2025, 18.4% of revenue.
How fast is nLIGHT growing?
Revenue grew 3.2% a year on average over the last five fiscal years, from $222.8 million to $261.3 million.
What are nLIGHT's earnings per share?
nLIGHT earned $-0.11 per diluted share in fiscal 2025, compared with $-0.65 a year earlier.
When will nLIGHT report its next earnings?
nLIGHT is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does nLIGHT's fiscal year end?
nLIGHT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.