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Nlight, Inc. cash flow statement

In fiscal 2025, Nlight, Inc.'s operations generated $21.3m of cash; it spent $9.0m on capital projects, leaving free cash flow of $12.3m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations633−413−7−1510−22153
Depreciation and amortisation8887891112131212
Stock-based pay0051025382726253343
Capital spending45111223192158911
Free cash flow2−2−7−17−10−27−365−101242
Free cash flow after stock pay2−2−12−26−36−64−63−21−35−21−1
Shares issued———008200———

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Nlight, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nlight, Inc.