NLIGHT, INC. Annual Report - Your Investor's Guide

Considering an investment in NLIGHT, INC.? This summary breaks down their latest annual report into clear, straightforward language. You'll gain an easy-to-understand overview of their business, how they performed this past year, and what it could mean for your investment decisions. We've focused on delivering the essential facts without confusing jargon.

About NLIGHT, INC.

NLIGHT, INC. (Nasdaq: LASR), based in Camas, Washington, leads the industry in high-power semiconductor and fiber lasers. Their innovative laser technology powers advanced industrial applications such as metal processing (cutting, welding, and additive manufacturing), microfabrication, and growing sectors like aerospace and defense.

This summary covers NLIGHT's performance for the fiscal year ending December 31, 2025. The company filed this comprehensive report with the SEC on February 25, 2026.

NLIGHT's 2025 Performance: Key Financials

Here's a look at NLIGHT's financial highlights for the year ended December 31, 2025, compared to the previous year:

• Revenue Growth: NLIGHT reported net sales in 2025, an increase from 2024. Strong demand in the industrial cutting market and increased adoption of their next-generation fiber lasers primarily drove this growth.
• Profitability: The company achieved a gross margin in 2025, up from 2024, reflecting improved efficiency. Net income reached per diluted share, a significant turnaround from a net loss per diluted share in 2024. This shift to profitability demonstrates successful cost management and the scaling of new product lines.
• Cash Flow: NLIGHT generated cash from operations in 2025, a healthy increase from 2024. This robust cash flow supports their ongoing R&D investments and potential strategic acquisitions.

Financial Health: Balance Sheet Snapshot

As of December 31, 2025, the company maintained cash and cash equivalents, with total debt. This reflects a liquidity position and manageable debt load. NLIGHT's strong working capital position provides flexibility for operational needs and strategic initiatives.

Corporate Information

NLIGHT qualifies as a "well-known seasoned issuer" and a "large accelerated filer." In plain language, this means it's a significant, established company with a strong track record. This status grants them greater flexibility in raising capital and ensures faster, more transparent financial reporting for investors.

• Public Float: As of June 30, 2025, the value of shares available to the public was approximately $953.5 million, indicating their market presence.
• Outstanding Shares: As of late February 2026, approximately 55.8 million shares of NLIGHT's common stock were circulating.
• Independent Audit: KPMG LLP, a major and reputable accounting firm, rigorously audited NLIGHT's financial statements. This provides an added layer of trust and confidence in the accuracy and fair presentation of their numbers.

This comprehensive look at NLIGHT, INC.'s 2025 performance and market standing should provide a clearer picture for your investment considerations.