Nlight, Inc. income statement
In fiscal 2025, Nlight, Inc. reported revenue of $261m, up 31.6% on the year before, operating income of −$26.6m (a -10.2% margin) and net income of −$23.5m, or −$0.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 101 | 139 | 191 | 177 | 223 | 270 | 242 | 210 | 199 | 261 | 311 |
| Cost of revenue | 78 | 94 | 124 | 124 | 163 | 193 | 191 | 164 | 166 | 183 | 213 |
| Gross profit | 23 | 44 | 67 | 52 | 59 | 77 | 51 | 46 | 33 | 78 | 98 |
| Research and development | 15 | 15 | 21 | 28 | 41 | 55 | 54 | 46 | 45 | 48 | 51 |
| Selling, general and administrative | 17 | 19 | 29 | 34 | 39 | 53 | 48 | 46 | 49 | 54 | 62 |
| Operating income | −9 | 10 | 17 | −10 | −21 | −30 | −55 | −47 | −66 | −27 | −17 |
| Interest expense | — | — | — | — | — | — | — | 0 | 0 | 1 | 1 |
| Income before tax | −12 | 7 | 18 | −7 | −21 | −30 | −54 | −43 | −61 | −23 | −12 |
| Income tax | 2 | 5 | 4 | 6 | 0 | −0 | 0 | −1 | −0 | 1 | 1 |
| Net income | −14 | 2 | 14 | −13 | −21 | −30 | −55 | −42 | −61 | −23 | −12 |
| Diluted EPS | −$5.68 | $0.00 | $0.32 | −$0.35 | −$0.55 | −$0.70 | −$1.23 | −$0.90 | −$1.27 | −$0.47 | −$0.23 |
| Diluted shares (average) | 3m | 3m | 30m | 37m | 38m | 42m | 44m | 46m | 48m | 50m | 55m |
| EBITDA | −1 | 18 | 25 | −3 | −13 | −21 | −44 | −34 | −53 | −14 | −5 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56 | 47 | 52 | 62 | 67 | 81 | 80 | 83 |
| Cost of revenue | 44 | 46 | 38 | 43 | 46 | 56 | 54 | 57 |
| Gross profit | 13 | 1 | 14 | 18 | 21 | 25 | 27 | 26 |
| Research and development | 11 | 11 | 11 | 11 | 12 | 14 | 12 | 13 |
| Selling, general and administrative | 13 | 12 | 12 | 12 | 15 | 16 | 15 | 16 |
| Operating income | −12 | −26 | −10 | −4 | −7 | −5 | −1 | −4 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −10 | −26 | −8 | −4 | −7 | −5 | 1 | −1 |
| Income tax | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −10 | −25 | −8 | −4 | −7 | −5 | 1 | −1 |
| Diluted EPS | −$0.21 | −$0.52 | −$0.16 | −$0.07 | −$0.14 | −$0.10 | $0.01 | −$0.02 |
| EBITDA | −9 | −23 | −6 | −1 | −4 | −2 | 2 | −0 |
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