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Nlight, Inc.. (LASR) Fundamental Analysis & AI Grade 2026

LASR Nasdaq Semiconductors & Related Devices DE CIK: 0001124796
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
63% Confidence
STRONG AGREEMENT
B
58% Conf
B
68% Conf

📊 LASR Key Takeaways

Revenue: $80.2M
Net Margin: 0.8%
Free Cash Flow: $7.6M
Current Ratio: 7.07x
Debt/Equity: 0.00x
EPS: $0.01
AI Grade: B with 58% confidence
Nlight, Inc.. (LASR) receives a B fundamental grade with 63% confidence from our AI analysis based on SEC 10-K filings. With revenue of $80.2M, net profit margin of 0.8%, and return on equity (ROE) of 0.2%, Nlight, Inc.. demonstrates mixed fundamentals in the Technology sector. Below is our complete LASR stock analysis for 2026.

Is Nlight, Inc.. (LASR) a Good Investment?

Claude

NLIGHT demonstrates strong 31.6% revenue growth and fortress financial position with $298.2M cash and zero debt, but is operationally unprofitable with negative operating margins (-0.9%) and negligible returns on capital (ROE 0.2%, ROA 0.1%), indicating the company is investing heavily to scale without yet generating profitable returns.

ChatGPT

nLIGHT shows strong revenue growth and improving losses with positive free cash flow, supported by a debt-free, cash-rich balance sheet. However, GAAP profitability remains negative and gross margins are sub-30%, leaving limited operating leverage. Maintain a neutral stance pending consistent margin expansion and operating breakeven.

Nlight, Inc.. Key Strengths (LASR)

Claude
  • + Strong revenue growth of 31.6% YoY demonstrates solid market demand
  • + Fortress balance sheet with $298.2M cash, zero debt, and 7.07x current ratio provides significant financial flexibility
  • + Positive free cash flow generation of $7.6M with 9.4% FCF margin supports operational viability
ChatGPT
  • + Debt-free balance sheet with $98.7M cash and strong liquidity (3.79x current ratio)
  • + Robust topline growth (+31.6% YoY) with improving net loss and positive OCF/FCF
  • + Positive free cash flow (4.7% margin) supports self-funding and flexibility

LASR Stock Risks: Nlight, Inc.. Investment Risks

Claude
  • ! Operating loss (-$719K) with negative operating margin despite revenue growth suggests structural profitability challenges
  • ! Minimal net profitability of only $645K on $80.2M revenue (0.8% margin) and extremely poor capital returns (ROE 0.2%, ROA 0.1%) indicate value destruction
  • ! Operating cash flow of $9.7M on $80.2M revenue (12.1%) is weak relative to scale, suggesting high cash burn from operations beyond reported metrics
ChatGPT
  • ! Persistent GAAP losses (-10.2% operating margin, -9.0% net margin)
  • ! Low gross margin (29.8%) constrains operating leverage and resilience
  • ! Modest cash generation (4.7% FCF margin) could fluctuate with execution and mix

Key Metrics to Watch

Claude
  • * Operating margin trajectory and path to positive operating profitability
  • * Return on equity and return on assets improvement as revenue scales
  • * Operating cash flow as percentage of revenue to track cash consumption efficiency
ChatGPT
  • * Gross margin %
  • * Operating cash flow and FCF margin

Nlight, Inc.. (LASR) Financial Metrics & Key Ratios

Revenue
$80.2M
Net Income
$645.0K
EPS (Diluted)
$0.01
Free Cash Flow
$7.6M
Total Assets
$515.7M
Cash Position
$298.2M

💡 AI Analyst Insight

Strong liquidity with a 7.07x current ratio provides a solid financial cushion.

LASR Profit Margin, ROE & Profitability Analysis

Gross Margin 33.1%
Operating Margin -0.9%
Net Margin 0.8%
ROE 0.2%
ROA 0.1%
FCF Margin 9.4%

LASR vs Technology Sector: How Nlight, Inc.. Compares

How Nlight, Inc.. compares to Technology sector averages

Net Margin
LASR 0.8%
vs
Sector Avg 18.0%
LASR Sector
ROE
LASR 0.2%
vs
Sector Avg 22.0%
LASR Sector
Current Ratio
LASR 7.1x
vs
Sector Avg 2.5x
LASR Sector
Debt/Equity
LASR 0.0x
vs
Sector Avg 0.5x
LASR Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Nlight, Inc.. Stock Overvalued? LASR Valuation Analysis 2026

Based on fundamental analysis, Nlight, Inc.. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
0.2%
Sector avg: 22%
Net Profit Margin
0.8%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Nlight, Inc.. Balance Sheet: LASR Debt, Cash & Liquidity

Current Ratio
7.07x
Quick Ratio
6.38x
Debt/Equity
0.00x
Debt/Assets
16.8%
Interest Coverage
N/A
Long-term Debt
$0.0

LASR Revenue & Earnings Growth: 5-Year Financial Trend

LASR 5-year financial data: Year 2021: Revenue $270.1M, Net Income -$12.9M, EPS $-0.35. Year 2022: Revenue $270.1M, Net Income -$20.9M, EPS $-0.55. Year 2023: Revenue $270.1M, Net Income -$29.7M, EPS $-0.70. Year 2024: Revenue $242.1M, Net Income -$54.6M, EPS $-1.23. Year 2025: Revenue $261.3M, Net Income -$41.7M, EPS $-0.90.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Nlight, Inc..'s revenue has remained relatively flat over the 5-year period, with a 3% decline. The most recent EPS of $-0.90 indicates the company is currently unprofitable.

LASR Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
9.4%
Free cash flow / Revenue

LASR Quarterly Earnings & Performance

Quarterly financial performance data for Nlight, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $51.7M $645.0K $0.01
Q3 2025 $56.1M -$6.9M $-0.14
Q2 2025 $50.5M -$3.6M $-0.07
Q1 2025 $44.5M -$8.1M $-0.16
Q3 2024 $50.6M -$10.3M $-0.21
Q2 2024 $50.5M -$8.8M $-0.19
Q1 2024 $44.5M -$7.7M $-0.17
Q3 2023 $50.6M -$11.9M $-0.26

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Nlight, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$9.7M
Cash generated from operations
Capital Expenditures
$2.1M
Investment in assets
Dividends
None
No dividend program

LASR SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Nlight, Inc.. (CIK: 0001124796)

📋 Recent SEC Filings

Date Form Document Action
May 21, 2026 4 xslF345X06/wk-form4_1779409753.xml View →
May 21, 2026 4 xslF345X06/wk-form4_1779409656.xml View →
May 21, 2026 4 xslF345X06/wk-form4_1779409572.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779235374.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779235247.xml View →

Frequently Asked Questions about LASR

What is the AI rating for LASR?

Nlight, Inc.. (LASR) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 63% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are LASR's key strengths?

Claude: Strong revenue growth of 31.6% YoY demonstrates solid market demand. Fortress balance sheet with $298.2M cash, zero debt, and 7.07x current ratio provides significant financial flexibility. ChatGPT: Debt-free balance sheet with $98.7M cash and strong liquidity (3.79x current ratio). Robust topline growth (+31.6% YoY) with improving net loss and positive OCF/FCF.

What are the risks of investing in LASR?

Claude: Operating loss (-$719K) with negative operating margin despite revenue growth suggests structural profitability challenges. Minimal net profitability of only $645K on $80.2M revenue (0.8% margin) and extremely poor capital returns (ROE 0.2%, ROA 0.1%) indicate value destruction. ChatGPT: Persistent GAAP losses (-10.2% operating margin, -9.0% net margin). Low gross margin (29.8%) constrains operating leverage and resilience.

What is LASR's revenue and growth?

Nlight, Inc.. reported revenue of $80.2M.

Does LASR pay dividends?

Nlight, Inc.. does not currently pay dividends.

Where can I find LASR SEC filings?

Official SEC filings for Nlight, Inc.. (CIK: 0001124796) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is LASR's EPS?

Nlight, Inc.. has a diluted EPS of $0.01.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is LASR's fundamental grade?

Based on our AI fundamental analysis in May 2026, Nlight, Inc.. has a B grade with 63% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is LASR stock overvalued or undervalued?

Valuation metrics for LASR: ROE of 0.2% (sector avg: 22%), net margin of 0.8% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is LASR's AI grade for 2026?

Our dual AI analysis gives Nlight, Inc.. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is LASR's free cash flow?

Nlight, Inc..'s operating cash flow is $9.7M, with capital expenditures of $2.1M. FCF margin is 9.4%.

How does LASR compare to other Technology stocks?

Vs Technology sector averages: Net margin 0.8% (avg: 18%), ROE 0.2% (avg: 22%), current ratio 7.07 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI