NLIGHT, INC.(LASR)Stock Analysis
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Rank #1,903 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
LASR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NLIGHT, INC. (LASR), a Technology sector company. 13F Pro's AI-powered ranking engine scores LASR at 41.3/100 on a 32-signal composite quality model, placing it at rank #1,903 of 2,879 stocks — the bottom half of the AI-ranked universe. LASR scores in the top quartile across institutional flow (94.1). Areas of concern include balance sheet strength (23.0) and revenue scale (27.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), NLIGHT, INC. reports quarterly revenue of $80.2M, net income of $645.0K, free cash flow of $7.6M. Top institutional holders of LASR by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. LASR trades on the Nasdaq exchange and files with the SEC under CIK 1124796. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LASR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NLIGHT, INC. directly from SEC EDGAR. NLIGHT, INC.'s 13F Pro composite quality score has ranged between 8 and 47 since 2021, currently 41.3 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$80.2M
Net Income
Q1 2026
$645.0K
Free Cash Flow
Q1 2026
$7.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+31.6% YoYNet Income
+61.4% YoYOperating Income
+59.5% YoYEPS (Diluted)
+63.0% YoYTotal Assets
+16.6% YoYTotal Debt
Op. Cash Flow
+1004.2% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $261.3M +31.6% | $198.5M -18.0% | $242.1M +37.1% | $176.6M -7.7% | $191.4M +38.1% | $138.6M |
| Net Income | $-23.5M +61.4% | $-60.8M -11.4% | $-54.6M -323.6% | $-12.9M -192.4% | $13.9M +658.7% | $1.8M |
| Operating Income | $-26.6M +59.5% | $-65.6M -19.1% | $-55.1M -456.1% | $-9.9M -158.1% | $17.1M +74.1% | $9.8M |
| EPS (Diluted) | $-0.47 +63.0% | $-1.27 -3.3% | $-1.23 -251.4% | $-0.35 -209.4% | $0.32 | $0.00 |
| Total Assets | $315.2M +16.6% | $270.2M -17.9% | $329.2M +31.7% | $250.0M -0.1% | $250.1M +127.1% | $110.1M |
| Total Debt | — | — | — | $51.0K -74.5% | $200.0K -99.0% | $19.8M |
| Operating Cash Flow | $21.3M +1004.2% | $-2.4M +83.8% | $-14.5M -242.9% | $-4.2M -225.6% | $3.4M -1.0% | $3.4M |
AI Insight: LASR Financial Trends
nLIGHT turned its first profitable quarter in over two years in Q1 2026 while revenue nearly doubled from the Q4 2024 trough to $80M.
• Revenue grew 70% from Q4 2024's $47M trough to $81M in Q4 2025 and held at $80M in Q1 2026, signaling durable demand recovery.
• Net income turned positive at $1M in Q1 2026, the first profitable quarter in the dataset, vs. a $25M loss in Q4 2024.
• Operating cash flow swung from -$6M in Q3 2024 to +$18M in Q4 2025 and +$10M in Q1 2026, confirming improving cash generation.
• Equity surged from $227M in Q4 2025 to $429M in Q1 2026, likely reflecting a capital raise rather than organic earnings growth.
⚠ Operating income remained slightly negative at -$1M in Q1 2026 despite net profitability — below-the-line items are masking operating losses.
⚠ The $202M equity jump in Q1 2026 implies dilution; monitor share count and capital deployment for impact on per-share value.
⚠ Revenue dipped from $81M in Q4 2025 to $80M in Q1 2026 — watch whether the growth trajectory stalls or resumes.
AI Insight: LASR Ratio Trends
nLIGHT's operating margin surged to nearly breakeven at -0.9% in Q1 2026, the strongest quarter in the dataset, with net income turning positive at 0.8% NPM.
• Operating margin improved dramatically from -55.8% in Q4 2024 to -0.9% in Q1 2026, a ~55pp recovery.
• Net profit margin turned positive at 0.8% in Q1 2026, the first positive NPM reading in the entire dataset.
• ROE and ROA both turned positive in Q1 2026 at 0.6% and 0.5% respectively, reversing deep losses.
• ROIC remains slightly negative at -0.7% in Q1 2026, lagging the other return metrics in reaching breakeven.
⚠ Q3 2025 showed a margin setback — OpMargin worsened to -10.9% from -6.9% — signaling potential volatility around the recovery path.
⚠ D/E data is entirely absent; leverage profile is unknown and could materially affect the sustainability of the margin recovery.
⚠ TTM OpMargin of -6.1% vs. Q1 2026's -0.9% suggests improvement is recent and concentrated; durability needs confirmation.
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Available Research
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Top Institutional Holders of LASR
BlackRock, Inc.
$246.3M4,319,310 shVANGUARD PORTFOLIO MANAGEMENT LLC
$140.7M2,467,570 shVANGUARD CAPITAL MANAGEMENT LLC
$132.6M2,325,430 shNEEDHAM INVESTMENT MANAGEMENT LLC
$109.6M1,922,740 shDRIEHAUS CAPITAL MANAGEMENT LLC
$101.1M1,772,697 shGEODE CAPITAL MANAGEMENT, LLC
$82.2M1,441,046 shInvesco Ltd.
$68.6M1,202,539 shFMR LLC
$62.8M1,101,786 shSTATE STREET CORP
$61.9M1,086,460 shArtisan Partners Limited Partnership
$61.5M1,077,786 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $246.3M | 4,319,310 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $140.7M | 2,467,570 |
| VANGUARD CAPITAL MANAGEMENT LLC | $132.6M | 2,325,430 |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $109.6M | 1,922,740 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $101.1M | 1,772,697 |
| GEODE CAPITAL MANAGEMENT, LLC | $82.2M | 1,441,046 |
| Invesco Ltd. | $68.6M | 1,202,539 |
| FMR LLC | $62.8M | 1,101,786 |
| STATE STREET CORP | $61.9M | 1,086,460 |
| Artisan Partners Limited Partnership | $61.5M | 1,077,786 |
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Popular Research
Is LASR a good stock to buy?
13F Pro's AI-powered analysis of NLIGHT, INC. (LASR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LASR are available on the LASR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own LASR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LASR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NLIGHT, INC.'s investment landscape.