nLIGHT Inc
nlight.netWhat Do They Do?
Sells high-power semiconductor and fiber lasers, fiber amplifiers, and beam-control systems to defense agencies and contractors, manufacturers, and microfabrication customers.
10-K for FY2025, filed Feb 27, 2026nLIGHT, Inc. is a leading provider of high‑power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing…View ↗
We design, manufacture, and sell a range of high-power semiconductor lasers and fiber lasers that are typically integrated into laser…View ↗
We design, manufacture and sell semiconductor lasers with a broad range of power levels, wavelengths, and output fiber sizes. Our…View ↗
We offer programmable and serviceable high-power fiber lasers primarily for use in aerospace and defense and industrial applications. Our…View ↗
In the Aerospace and Defense market, we sell our products and services directly to end customers, including the U.S. Government, prime…View ↗
In the Industrial and Microfabrication markets, we sell our products through our direct sales force located in the United States, China…View ↗
How Do They Make Money?
Customers buy semiconductor lasers, fiber lasers, amplifiers, and related products, paid for when shipped or delivered. Government and commercial customers also pay for development work, billed as costs are incurred or milestones are reached.
10-K for FY2025, filed Feb 27, 2026We often receive orders with multiple delivery dates that may extend across several reporting periods. We allocate the transaction price of…View ↗
Rights of return generally are not included in customer contracts. Accordingly, product revenue is recognized upon transfer of control at…View ↗
Revenues recognized at a point in time consist of sales of semiconductor lasers, fiber amplifiers, fiber lasers and other related products.…View ↗
Contract estimates are based on various assumptions to project the outcome of future events that may span several years. These assumptions…View ↗
-
10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$261.3M
-
10-K for FY2025, filed Feb 27, 2026
$261.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Aerospace and Defense
|
67%
FY2022: 36%
|
Aerospace and Defense, FY2025
$175.3M Sources
|
|
|
Microfabrication
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
18%
FY2022: 26%
|
Microfabrication, FY2025
$47.2M Sources
|
Sold outright |
|
Industrial
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
15%
FY2022: 38%
|
Industrial, FY2025
$38.8M Sources
|
Sold outright |
Who Are Their Customers?
Defense agencies, prime contractors, and defense subcontractors buy directly. Industrial and microfabrication customers buy through nLIGHT’s direct sales force, independent sales representatives, and distributors.
10-K for FY2025, filed Feb 27, 2026
Do Revenues Turn Into Profits?
Not on paper. It lost $23.5M in FY2025, but brought in more cash than it spent: $12.3M of free cash flow.
10-K for FY2025, filed Feb 27, 2026
−$26.6MView ↗
10-K for FY2025, filed Feb 27, 2026
−$23.5MView ↗
10-K for FY2025, filed Feb 27, 2026
$12.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$1.3MView ↗
- ▼ −63% (Loss)
- vs −$3.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Flat. Revenue was $261.3M in FY2025, about the same as the $270.1M of FY2021.
Greater defense focus
The older report describes semiconductor and fiber lasers across industrial, microfabrication, and aerospace and defense uses, while the latest report places more emphasis on directed-energy and laser-sensing systems and includes high-energy pulsed lasers and expanded beam-control systems.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 27, 2026nLIGHT, Inc. is a leading provider of high‑power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing…View ↗
We design, manufacture, and sell a range of high-power semiconductor lasers and fiber lasers that are typically integrated into laser…View ↗
Our Advanced Development segment is dedicated to driving innovation and expanding our technological leadership in the fields of directed…View ↗
Who Do They Compete With?
Competes with IPG Photonics, Coherent, BWT, Raycus Fiber Laser Technologies, and Trumpf GmbH + Co. KG
10-K for FY2025, filed Feb 27, 2026The industries in which we operate have significant price and technological competition. We compete with companies that offer semiconductor…View ↗
Loading...
