Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101M | $139M | $191M | $177M | $223M | $270M | $242M | $210M | $199M | $261M |
| Revenue growth | — | 36.8% | 38.1% | -7.7% | 26.1% | 21.3% | -10.4% | -13.3% | -5.4% | 31.6% |
| Gross profit | $23.2M | $44.3M | $67.0M | $52.3M | $59.4M | $77.3M | $50.8M | $46.1M | $33.0M | $78.0M |
| Gross margin | 22.9% | 31.9% | 35.0% | 29.6% | 26.6% | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% |
| Operating income | -$9.34M | $9.80M | $17.1M | -$9.91M | -$21.0M | -$30.2M | -$55.1M | -$46.8M | -$65.6M | -$26.6M |
| Operating margin | -9.2% | 7.1% | 8.9% | -5.6% | -9.4% | -11.2% | -22.8% | -22.3% | -33.1% | -10.2% |
| Net income | -$14.2M | $1.84M | $13.9M | -$12.9M | -$20.9M | -$29.7M | -$54.6M | -$41.7M | -$60.8M | -$23.5M |
| Net margin | -14.0% | 1.3% | 7.3% | -7.3% | -9.4% | -11.0% | -22.5% | -19.9% | -30.6% | -9.0% |
| EPS (diluted) | -$5.68 | $0.00 | $0.32 | -$0.35 | -$0.55 | -$0.70 | -$1.23 | -$0.90 | -$1.27 | -$0.47 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.96M | $3.41M | $3.38M | -$4.24M | $13.0M | -$7.44M | -$14.5M | $10.1M | -$2.36M | $21.3M |
| Capital expenditures | $4.06M | $5.48M | $10.6M | $12.4M | $23.4M | $19.3M | $21.4M | $5.34M | $7.93M | $9.03M |
| Free cash flow | $1.90M | -$2.07M | -$7.21M | -$16.6M | -$10.4M | -$26.8M | -$35.9M | $4.75M | -$10.3M | $12.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $13.5M | $36.7M | $149M | $117M | $102M | $147M | $57.8M | $53.2M | $65.8M | $98.7M |
| Total assets | — | $110M | $250M | $250M | $284M | $374M | $329M | $307M | $270M | $315M |
| Total liabilities | — | $48.9M | $32.3M | $33.4M | $63.7M | $71.5M | $58.4M | $52.4M | $53.8M | $88.5M |
| Long-term debt | — | $15.1M | $18.0K | $0.00 | $215K | $0.00 | — | — | — | — |
| Shareholders' equity | $29.7M | $61.3M | $218M | $217M | $220M | $302M | $271M | $254M | $216M | $227M |
| Retained earnings | — | -$119M | -$105M | -$117M | -$138M | -$168M | -$223M | -$264M | -$325M | -$349M |
| Shares (wtd avg diluted) | 2.50M | 2.73M | 30.0M | 37.1M | 38.4M | 42.1M | 44.4M | 46.1M | 47.9M | 50.0M |
Every figure is extracted from NLIGHT, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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