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NLIGHT, INC. (LASR) Annual Reports

Q: Where can I read NLIGHT, INC. (LASR) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

NLIGHT, INC. is listed on Nasdaq, classified by the SEC under Semiconductors & Related Devices (SIC 3674). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1124796 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$82.6M	$61.7M	+33.8%
Operating income	$-3.6M	$-4.2M	+15.8%
Net income	$-1.3M	$-3.6M	+62.7%
EPS (diluted)	$-0.02	$-0.07	+71.4%

Company guidance
	Period	Range
Adjusted EBITDA	—	$1M – $7M
Revenue	Q3 2026	$63M – $73M

Figures are the company’s own outlook as stated in its earnings release, not analyst estimates.

Source: SEC EDGAR (XBRL company facts); guidance from Form 8-K Exhibit 99.1

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 82.6 mn Net income -1.34 mn

Show table：Income statement

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	101	29.9	34.7	36.5	37.5	42.5	51.7	51.0	46.2	41.9	48.0	43.8	42.9	43.2	52.1	61.7	65.7	61.4	69.1	72.2	67.5	64.5	60.8	60.1	56.7	54.1	53.3	50.6	51.9	44.5	50.5	56.1	47.4	51.7	61.7	66.7	81.2	80.2	82.6
Gross profit	23.2	8.97	10.7	12.3	12.3	14.7	17.7	18.1	16.5	13.5	15.9	13.0	9.99	9.50	13.1	17.2	19.6	17.6	20.3	21.4	17.9	16.2	15.4	13.5	5.78	14.3	12.1	9.94	9.80	7.49	11.8	12.6	1.13	13.8	18.5	20.8	24.9	26.5	25.7
Operating income	-9.34	0.61	1.90	4.60	2.69	4.21	5.55	5.09	2.22	-1.05	0.81	-0.7	-8.97	-6.74	-6.05	-3.98	-4.29	-5.78	-9.01	-6.76	-8.66	-8.31	-10.3	-13.0	-23.5	-8.21	-11.7	-12.5	-14.3	-14.7	-12.7	-11.8	-26.4	-9.61	-4.24	-7.30	-5.40	-0.72	-3.57
Net income	-14.2	-1.21	-0.29	2.24	1.09	2.92	4.65	4.01	2.36	-1.24	-0.15	-0.78	-10.7	-7.47	-6.83	-2.11	-4.52	-6.15	-7.89	-6.88	-8.75	-8.62	-10.3	-12.9	-22.7	-7.73	-8.82	-11.9	-13.2	-13.8	-11.7	-10.3	-25.0	-8.09	-3.59	-6.87	-4.91	0.65	-1.34

Balance sheet

Quarterly · In mn (USD)

Total assets 518 mn Total liabilities 77.7 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	84.6	88.3	195	234	219	219	220	218	199	200	205	200	201	286	287	290	277	270	261	251	231	233	229	224	221	219	213	211	194	216	223	228	243	446	447
Total assets	—	—	—	—	110	116	223	262	250	252	256	255	250	272	281	280	284	375	379	382	374	368	360	349	329	330	322	313	307	303	294	291	270	290	295	299	315	516	518
Current liabilities	—	—	—	—	28.9	32.2	34.0	25.6	23.6	24.1	24.7	25.8	25.0	31.3	37.2	43.7	41.4	42.9	46.8	52.1	45.8	40.6	41.5	38.7	34.5	36.7	36.1	33.6	32.8	38.3	34.8	36.1	34.2	37.2	39.6	40.5	64.2	63.0	54.8
Total liabilities	—	—	—	—	48.9	51.6	52.8	48.6	32.4	32.9	33.6	34.3	33.4	58.8	70.0	64.3	63.7	71.0	73.9	78.0	71.5	67.3	66.6	62.7	58.4	60.6	56.5	53.3	52.4	58.5	54.8	56.0	53.8	77.2	79.3	80.2	88.5	86.5	77.7
Equity	29.7	—	—	—	61.3	64.6	170	213	218	219	222	221	217	213	211	216	220	304	305	304	302	301	294	286	271	269	265	260	254	244	240	235	216	213	216	218	227	429	440

Cash flow

Quarterly · In mn (USD)

Operating 20.7 mn Investing -4.85 mn Financing -18.3 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	5.96	-3.75	5.06	-1.12	3.22	-4.17	1.83	4.49	1.19	-4.94	3.76	-0.71	-2.35	-1.08	8.08	7.69	-1.65	4.12	-1.03	-0.4	-10.1	-7.00	-4.76	-2.79	0.01	0.64	-4.11	13.2	0.4	11.4	-4.23	-5.62	-3.89	-0.02	-1.38	5.22	17.5	9.68	20.7
Investing	-4.03	-0.71	-1.05	-1.26	-2.46	-3.39	-2.39	-2.86	-3.03	-2.73	-4.18	-3.07	-20.4	-15.5	-2.20	-2.61	-4.26	-3.50	-4.96	-5.76	-7.62	-5.13	-58.0	-4.34	-4.92	-10.0	-0.78	-2.34	-0.94	-1.55	-7.39	-1.98	27.6	-2.43	-1.95	-2.89	-1.50	-1.37	-4.85
Financing	3.64	-0.27	25.3	-0.42	-0.15	-0.49	102	36.5	-16.7	0.44	0.71	0.09	1.21	15.5	-1.19	-16.0	-2.13	82.9	-4.38	-3.49	-1.32	0.61	-1.19	-1.04	0.31	-0.04	-1.54	-0.48	1.20	-1.61	-0.18	-0.57	1.07	18.8	-0.28	0.03	1.59	191	-18.3
Cash at period end	13.5	8.91	38.8	36.1	36.7	28.6	130	168	149	142	143	139	117	116	121	110	102	186	175	166	147	135	70.6	62.2	57.8	48.4	41.8	52.1	53.2	61.3	49.4	41.5	65.8	82.2	78.8	81.1	98.7	298	296

Profitability

Quarterly · %

Gross margin 31.1% Operating margin -4.3% Net margin -1.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	22.9%	30.0%	30.8%	33.8%	32.8%	34.7%	34.2%	35.4%	35.8%	32.3%	33.0%	29.6%	23.3%	22.0%	25.0%	27.8%	29.9%	28.8%	29.4%	29.6%	26.6%	25.1%	25.3%	22.4%	10.2%	26.4%	22.7%	19.6%	18.9%	16.8%	23.5%	22.4%	2.4%	26.7%	29.9%	31.1%	30.7%	33.1%	31.1%
Operating margin	-9.2%	2.0%	5.5%	12.6%	7.2%	9.9%	10.7%	10.0%	4.8%	-2.5%	1.7%	-1.6%	-20.9%	-15.6%	-11.6%	-6.4%	-6.5%	-9.4%	-13.0%	-9.4%	-12.8%	-12.9%	-17.0%	-21.6%	-41.5%	-15.2%	-21.9%	-24.8%	-27.6%	-33.0%	-25.1%	-21.0%	-55.8%	-18.6%	-6.9%	-10.9%	-6.7%	-0.9%	-4.3%
Net margin	-14.0%	-4.1%	-0.8%	6.1%	2.9%	6.9%	9.0%	7.9%	5.1%	-3.0%	-0.3%	-1.8%	-25.0%	-17.3%	-13.1%	-3.4%	-6.9%	-10.0%	-11.4%	-9.5%	-13.0%	-13.4%	-17.0%	-21.6%	-40.0%	-14.3%	-16.6%	-23.5%	-25.5%	-30.9%	-23.2%	-18.4%	-52.7%	-15.7%	-5.8%	-10.3%	-6.0%	0.8%	-1.6%

Returns & leverage

Quarterly · %

ROE -3.8% ROA -3.1% Debt ratio 15.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	—	4.0%	9.2%	6.4%	5.9%	10.0%	6.9%	2.5%	0.1%	-5.9%	-8.9%	-11.9%	-12.4%	-9.6%	-7.6%	-8.0%	-9.8%	-11.4%	-10.6%	-11.6%	-13.8%	-19.1%	-18.9%	-18.7%	-18.7%	-15.9%	-18.6%	-20.1%	-19.8%	-25.8%	-24.1%	-20.6%	-19.2%	-10.6%	-4.6%	-3.8%
ROA	—	—	—	—	1.7%	5.1%	4.9%	4.8%	7.7%	5.3%	2.1%	0.1%	-5.2%	-7.3%	-9.6%	-10.1%	-7.8%	-6.1%	-6.3%	-7.7%	-9.0%	-8.7%	-9.4%	-11.1%	-15.5%	-15.4%	-15.3%	-15.4%	-13.1%	-15.1%	-16.4%	-16.2%	-21.1%	-18.6%	-15.9%	-14.8%	-8.0%	-3.7%	-3.1%
Debt ratio	—	—	—	—	44.4%	44.4%	23.7%	18.5%	12.9%	13.1%	13.2%	13.4%	13.3%	21.6%	24.9%	22.9%	22.5%	18.9%	19.5%	20.4%	19.1%	18.3%	18.5%	18.0%	17.7%	18.4%	17.6%	17.0%	17.1%	19.3%	18.6%	19.2%	19.9%	26.6%	26.8%	26.9%	28.1%	16.8%	15.0%

EPS

Quarterly · US$

EPS US$-0.02

Show table：EPS

Item	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	-5.68	-0.47	-0.11	0.00	0.00	0.00	0.11	0.10	0.06	-0.03	0.00	-0.02	-0.29	-0.20	-0.18	-0.05	-0.12	-0.15	-0.19	-0.16	-0.20	-0.20	-0.23	-0.29	-0.51	-0.17	-0.19	-0.26	-0.28	-0.29	-0.25	-0.21	-0.52	-0.16	-0.07	-0.14	-0.10	0.01	-0.02

Revenue & profit

Year-to-date · In mn (USD)

Revenue 163 mn Net income -0.69 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 518 mn Total liabilities 77.7 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 30.4 mn Investing -6.22 mn Financing 173 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 32.1% Operating margin -2.6% Net margin -0.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -3.8% ROA -3.1% Debt ratio 15.0%

EPS

Year-to-date · US$

EPS US$-0.01

Revenue & profit

Annual · In mn (USD)

Revenue 261 mn Net income -23.5 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	139	191	177	223	270	242	210	199	261
Gross profit	44.3	67.0	52.3	59.4	77.3	50.8	46.1	33.0	78.0
Operating income	9.80	17.1	-9.91	-21.1	-30.2	-55.1	-46.8	-65.6	-26.6
Net income	1.84	13.9	-12.9	-20.9	-29.7	-54.6	-41.7	-60.8	-23.5

Balance sheet

Annual · In mn (USD)

Total assets 315 mn Total liabilities 88.5 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	84.6	219	199	201	277	231	221	194	243
Total assets	110	250	250	284	374	329	307	270	315
Current liabilities	28.9	23.6	25.0	41.4	45.8	34.5	32.8	34.2	64.2
Total liabilities	48.9	32.4	33.4	63.7	71.5	58.4	52.4	53.8	88.5
Equity	61.3	218	217	220	302	271	254	216	227

Cash flow

Annual · In mn (USD)

Operating 21.3 mn Investing -8.77 mn Financing 20.1 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	3.41	3.34	-4.24	13.0	-7.44	-14.5	10.1	-2.36	21.3
Investing	-5.48	-11.7	-30.4	-24.5	-21.9	-72.4	-14.1	16.7	-8.77
Financing	24.4	121	2.45	-3.77	73.7	-1.31	-0.86	-1.30	20.1
Cash at period end	36.7	149	117	102	147	57.8	53.2	65.8	98.7

Profitability

Annual · %

Gross margin 29.8% Operating margin -10.2% Net margin -9.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	31.9%	35.0%	29.6%	26.6%	28.6%	21.0%	22.0%	16.6%	29.8%
Operating margin	7.1%	8.9%	-5.6%	-9.4%	-11.2%	-22.8%	-22.3%	-33.1%	-10.2%
Net margin	1.3%	7.3%	-7.3%	-9.4%	-11.0%	-22.6%	-19.9%	-30.6%	-9.0%

Returns & leverage

Annual · %

ROE -10.6% ROA -8.0% Debt ratio 28.1%

Show table：Returns & leverage

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	3.0%	10.0%	-5.9%	-9.6%	-11.4%	-19.1%	-15.9%	-25.8%	-10.6%
ROA	1.7%	7.7%	-5.2%	-7.8%	-9.0%	-15.5%	-13.1%	-21.1%	-8.0%
Debt ratio	44.4%	12.9%	13.3%	22.5%	19.1%	17.7%	17.1%	19.9%	28.1%

EPS

Annual · US$

EPS US$-0.47

Show table：EPS

Item	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	-0.58	0.27	-0.34	-0.55	-0.70	-1.23	-0.90	-1.27	-0.47

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read NLIGHT, INC. (LASR) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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