LASR · XBRL financial data

Nlight financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (LASR's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	222,789	270,146	242,058	209,921	198,548	261,330
Cost of revenue	163,425	192,839	191,237	163,808	165,529	183,367
Gross profit	59,364	77,307	50,821	46,113	33,019	77,963
Research and development	41,164	54,814	53,773	46,163	45,107	47,972
Selling, general and administrative	39,248	52,710	48,258	45,899	49,257	54,193
Total operating expenses	80,412	107,524	105,923	92,879	98,655	104,513
Operating income (loss)	(21,048)	(30,217)	(55,102)	(46,766)	(65,636)	(26,550)
Interest income	—	—	—	1,409	1,773	4,906
Interest expense	—	—	—	67	105	1,084
Other income (expense)	378	336	338	2,776	3,100	(40)
Income tax expense (benefit)	340	(375)	344	(978)	(76)	699
Net income (loss)	(20,932)	(29,669)	(54,579)	(41,670)	(60,792)	(23,467)
Earnings per share, basic USD per share	(0.55)	(0.70)	(1.23)	(0.90)	(1.27)	(0.47)
Earnings per share, diluted USD per share	(0.55)	(0.70)	(1.23)	(0.90)	(1.27)	(0.47)
Weighted average shares, basic thousands of shares	38,367	42,142	44,436	46,078	47,900	49,979
Weighted average shares, diluted thousands of shares	38,367	42,142	44,436	46,078	47,900	49,979

Fiscal years (LASR's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	102,282	146,534	57,826	53,210	65,829	98,699
Marketable securities	—	0	50,391	59,672	34,868	34,934
Accounts receivable	31,820	41,574	37,913	39,585	34,895	50,836
Inventory	54,706	73,746	67,600	52,160	40,800	45,407
Prepaid and other current assets	11,767	15,350	17,026	15,927	17,697	13,314
Total current assets	200,575	277,204	230,756	220,554	194,089	243,190
Property and equipment, net	44,480	56,101	60,693	52,300	46,937	42,114
Right-of-use asset	12,302	17,048	13,893	12,616	10,822	15,020
Goodwill	12,484	12,420	12,376	12,399	12,354	12,448
Total assets	283,644	373,618	329,233	306,803	270,241	315,210
Accounts payable	21,057	26,347	17,507	12,166	15,076	20,890
Accrued liabilities	15,321	14,730	12,820	12,556	13,268	19,052
Current portion of long-term debt	184	0	—	—	—	—
Total current liabilities	41,363	45,772	34,492	32,752	34,235	64,207
Long-term debt	215	0	—	—	—	—
Lease liability, non-current	10,375	14,612	12,852	10,978	9,819	13,431
Total liabilities	63,730	71,485	58,388	52,384	53,811	88,461
Accumulated deficit	(138,386)	(168,055)	(222,634)	(264,304)	(325,096)	(348,563)
Total stockholders' equity	219,914	302,133	270,845	254,419	216,430	226,749
Total liabilities and equity	283,644	373,618	329,233	306,803	270,241	315,210
Common shares outstanding (cover page) thousands of shares	40,134	44,337	45,695	47,289	49,031	55,791

Fiscal years (LASR's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(20,932)	(29,669)	(54,579)	(41,670)	(60,792)	(23,467)
Stock-based compensation	25,464	37,720	26,757	25,832	24,961	33,411
Net cash from operating activities	13,041	(7,443)	(14,542)	10,091	(2,359)	21,330
Purchases of property and equipment	23,416	19,317	21,388	5,339	7,932	9,032
Net cash from investing activities	(24,539)	(21,853)	(72,381)	(14,100)	16,690	(8,771)
Proceeds from issuing common stock	0	82,354	0	0	—	—
Net cash from financing activities	(3,767)	73,742	(1,306)	(859)	(1,303)	20,110
Net change in cash	(14,720)	44,211	(88,706)	(4,612)	12,622	32,933

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Nlight	295,761	82,591	20,733*	57.7M	—	Q2 FY26 10-QJun 30, 2026
Photronics	549,513	216,047	76,326*	59.0M	—	Q3 FY26 10-QAug 2, 2026
Ultra Clean Holdings	270,900	759,000	(42,300)*	48.0M	5.0 quarters	Q3 FY26 10-QSep 25, 2026
Vicor	513,137	197,114	50,167*	not reported	—	Q3 FY26 10-QSep 30, 2026
Penguin Solutions	647,208	566,685	(163,136)*	60.2M	4.0 quarters	Q4 FY26 10-KAug 28, 2026
Maxlinear	81,085	218,057	(13,590)*	91.0M	8.9 quarters	Q3 FY26 10-QSep 30, 2026
Navitas Semiconductor	531,479	13,991	(18,557)*	not reported	23.4 quarters	Q3 FY26 10-QSep 30, 2026
Bel Fuse	333,122	220,510	34,194*	not reported	—	Q3 FY26 10-QSep 30, 2026
CTS	143,880	149,583	43,522*	28.5M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.