NLIGHT, INC.
LASR · Semiconductors & Related Devices · 56.4M shares · +6%/yr ↑ dilution · EDGAR filings ↗
Reference price $71.67 · est. market cap ~$4.0B — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54Laser/photonics maker (defense/industrial) with strong growth but operating losses.
Strengths
- Strong growth — revenue +31.6% (68th)
- Positive FCF, strong liquidity — FCF $12.3M, current ratio 3.79 (63rd)
Risks
- Operating/net losses — operating margin -10.2%, net margin -9.0%
- Low gross margin — 29.8% (24th)
- Competitive laser market — per 10-K
Notable findings
- Net lossNet loss (net margin -9.0%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $134M cash & investments
- Insider sellingInsider selling — 68 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$42M, last 6mo) Form 4 ↗
- China exposurethe impact of new import and export controls; the impact of changes in regulations and customs, tariffs and trade barriers, or the perception that any of them could occur; the impact of inflation; the
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, CITADEL ADVISORS LLC +2 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 8→11 QoQ (2025-12-31→2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
29.8%
Operating margin
-10.2%
Net margin
-9.0%
Return on equity
-10.3%
Return on assets
-7.4%
Revenue growth (QoQ)
-1.2%
Current ratio
3.8×
Free cash flow
$12M
Tangible book value
$214M
Cash & investments
$134M
Stock comp / revenue
12.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | MOORE GEOFFREY | Grant | 2.4K | — |
| 2026-06-05 | HAINES GERALD M II | Grant | 2.4K | — |
| 2026-06-05 | Nichols Camille | Grant | 2.4K | — |
| 2026-06-05 | Hartman Mark D | Grant | 2.4K | — |
| 2026-06-05 | Gossman William | Grant | 2.4K | — |
| 2026-06-05 | Locke Gary | Grant | 2.4K | — |
| 2026-06-04 | Keeney Scott H | Sell | 3.1K | $72.59 |
| 2026-06-04 | Keeney Scott H | Sell | 5.3K | $75.94 |
| 2026-06-04 | Keeney Scott H | Sell | 625 | $76.61 |
| 2026-06-04 | Keeney Scott H | Sell | 890 | $71.67 |
| 2026-06-04 | Corso Joseph John | Sell | 3.8K | $72.90 |
| 2026-06-04 | Keeney Scott H | Sell | 1.4K | $73.76 |
| 2026-06-04 | Keeney Scott H | Sell | 4.8K | $74.94 |
| 2026-06-03 | Corso Joseph John | Sell | 3.8K | $77.99 |
| 2026-06-03 | Nias James | Sell | 940 | $77.99 |
| 2026-06-03 | Keeney Scott H | Sell | 8.9K | $77.99 |
| 2026-05-29 | Keeney Scott H | Sell | 21K | $73.06 |
| 2026-05-29 | Keeney Scott H | Sell | 1.3K | $75.12 |
| 2026-05-29 | Keeney Scott H | Sell | 799 | $76.21 |
| 2026-05-29 | Keeney Scott H | Sell | 712 | $77.39 |
| 2026-05-29 | Keeney Scott H | Gift | 4.0K | — |
| 2026-05-29 | Keeney Scott H | Sell | 7.2K | $72.37 |
| 2026-05-29 | Keeney Scott H | Sell | 10K | $73.96 |
| 2026-05-28 | Keeney Scott H | Sell | 21K | $78.29 |
| 2026-05-28 | Keeney Scott H | Sell | 5.4K | $77.44 |
| 2026-05-28 | Keeney Scott H | Sell | 9.9K | $79.14 |
| 2026-05-28 | Keeney Scott H | Sell | 3.4K | $80.34 |
| 2026-05-28 | Keeney Scott H | Sell | 1.4K | $81.06 |
| 2026-05-21 | Keeney Scott H | Sell | 3.3K | $76.46 |
| 2026-05-21 | Keeney Scott H | Sell | 2.1K | $73.73 |
| 2026-05-21 | Keeney Scott H | Sell | 1.7K | $72.93 |
| 2026-05-21 | Keeney Scott H | Sell | 889 | $71.47 |
| 2026-05-21 | Keeney Scott H | Sell | 17K | $74.96 |
| 2026-05-21 | Keeney Scott H | Sell | 17K | $75.80 |
| 2026-05-20 | Corso Joseph John | Sell | 19K | $70.77 |
| 2026-05-20 | Corso Joseph John | Sell | 1.9K | $68.81 |
| 2026-05-20 | Corso Joseph John | Sell | 13K | $69.98 |
| 2026-05-20 | Corso Joseph John | Sell | 1.5K | $71.36 |
| 2026-05-20 | Nias James | Sell | 415 | $71.09 |
| 2026-05-20 | Keeney Scott H | Sell | 2.2K | $68.81 |
| 2026-05-20 | Keeney Scott H | Sell | 15K | $69.98 |
| 2026-05-20 | Keeney Scott H | Sell | 22K | $70.77 |
| 2026-05-20 | Keeney Scott H | Sell | 1.8K | $71.36 |
| 2026-05-19 | Keeney Scott H | Sell | 47K | $68.48 |
| 2026-05-19 | Corso Joseph John | Sell | 20K | $68.48 |
| 2026-05-19 | Nias James | Sell | 1.6K | $68.48 |
| 2026-05-18 | Keeney Scott H | Sell | 45K | $70.82 |
| 2026-05-18 | Corso Joseph John | Sell | 20K | $70.82 |
| 2026-05-18 | Nias James | Sell | 1.6K | $70.82 |
| 2026-05-15 | Keeney Scott H | Sell | 43K | $75.16 |
| 2026-05-15 | Corso Joseph John | Sell | 18K | $75.16 |
| 2026-05-15 | Nias James | Sell | 1.5K | $75.16 |
| 2026-05-05 | Nias James | Grant | 9.3K | — |
| 2026-05-05 | Corso Joseph John | Grant | 100K | — |
| 2026-05-05 | Keeney Scott H | Grant | 300K | — |
| 2026-04-27 | LINK RAYMOND A | Option exercise | 500 | $1.45 |
| 2026-03-13 | LINK RAYMOND A | Sell | 6.6K | $63.28 |
| 2026-03-12 | LINK RAYMOND A | Sell | 8.8K | $64.42 |
| 2026-03-12 | Nias James | Sell | 1.8K | $64.42 |
| 2026-03-11 | LINK RAYMOND A | Sell | 10K | $62.79 |
| 2026-03-09 | Keeney Scott H | Sell | 4.0K | $59.12 |
| 2026-03-09 | Locke Gary | Option exercise | 70K | $1.45 |
| 2026-03-09 | Keeney Scott H | Sell | 2.2K | $57.48 |
| 2026-03-09 | Keeney Scott H | Sell | 9.5K | $58.23 |
| 2026-03-09 | Keeney Scott H | Sell | 2.6K | $60.73 |
| 2026-03-09 | Keeney Scott H | Sell | 788 | $61.08 |
| 2026-03-06 | Keeney Scott H | Sell | 4.0K | $61.62 |
| 2026-03-06 | Keeney Scott H | Sell | 1.5K | $62.87 |
| 2026-03-06 | Keeney Scott H | Sell | 170 | $63.40 |
| 2026-03-06 | Corso Joseph John | Sell | 12K | $60.39 |
| 2026-03-06 | Keeney Scott H | Sell | 4.8K | $58.58 |
| 2026-03-06 | Keeney Scott H | Sell | 3.9K | $59.99 |
| 2026-03-06 | Keeney Scott H | Sell | 9.3K | $60.87 |
| 2026-03-05 | Nias James | Sell | 3.2K | $61.96 |
| 2026-03-05 | Corso Joseph John | Sell | 13K | $61.96 |
| 2026-03-05 | Keeney Scott H | Sell | 32K | $61.96 |
| 2026-01-06 | Keeney Scott H | Option exercise | 32K | $1.10 |
| 2026-01-06 | Keeney Scott H | Sell | 11K | $36.74 |
| 2026-01-06 | Keeney Scott H | Sell | 18K | $37.84 |
| 2026-01-06 | Keeney Scott H | Sell | 2.8K | $38.33 |
| 2026-01-06 | Keeney Scott H | Option exercise | 32K | $1.15 |
| 2026-01-06 | Keeney Scott H | Sell | 32K | $37.51 |
| 2026-01-05 | HAINES GERALD M II | Grant | 3.1K | — |
| 2026-01-02 | Locke Gary | Grant | 807 | — |
| 2026-01-02 | Nichols Camille | Grant | 1.2K | — |
| 2026-01-02 | MOORE GEOFFREY | Grant | 1.1K | — |
| 2026-01-02 | Gossman William | Grant | 1.4K | — |
| 2026-01-02 | CARANO BANDEL L | Grant | 847 | — |
| 2025-12-15 | Corso Joseph John | Sell | 64K | $36.30 |
| 2025-12-15 | Corso Joseph John | Sell | 2.1K | $36.86 |
| 2025-12-04 | Keeney Scott H | Sell | 2.4K | $34.36 |
| 2025-12-04 | Keeney Scott H | Sell | 7.9K | $35.69 |
| 2025-12-04 | Keeney Scott H | Sell | 5.1K | $36.22 |
| 2025-12-03 | Nias James | Sell | 556 | $33.78 |
| 2025-12-03 | Corso Joseph John | Sell | 4.1K | $33.78 |
| 2025-12-03 | Keeney Scott H | Sell | 9.6K | $33.78 |
| 2025-12-01 | Keeney Scott H | Gift | 4.5K | — |
| 2025-11-21 | Nias James | Sell | 1.2K | $30.00 |
| 2025-11-11 | LINK RAYMOND A | Sell | 13K | $35.33 |
| 2025-09-18 | Keeney Scott H | Sell | 39K | $30.76 |
| 2025-09-18 | Keeney Scott H | Sell | 23K | $31.36 |
| 2025-09-12 | Keeney Scott H | Sell | 15K | $28.84 |
| 2025-09-05 | Corso Joseph John | Sell | 3.6K | $29.73 |
| 2025-09-04 | Keeney Scott H | Sell | 9.6K | $29.14 |
| 2025-09-04 | Nias James | Sell | 540 | $29.14 |
| 2025-09-04 | Corso Joseph John | Sell | 4.1K | $29.14 |
| 2025-08-28 | Keeney Scott H | Sell | 36K | $29.63 |
| 2025-08-27 | Keeney Scott H | Sell | 36K | $28.77 |
| 2025-08-26 | Keeney Scott H | Sell | 1.5K | $29.49 |
| 2025-08-26 | Keeney Scott H | Sell | 34K | $29.19 |
| 2025-08-25 | Corso Joseph John | Sell | 26K | $28.47 |
| 2025-08-25 | Corso Joseph John | Sell | 12K | $27.92 |
| 2025-08-25 | Keeney Scott H | Sell | 12K | $27.93 |
| 2025-08-25 | Keeney Scott H | Sell | 24K | $28.47 |
| 2025-08-22 | Corso Joseph John | Sell | 8.0K | $28.33 |
| 2025-08-22 | Keeney Scott H | Sell | 17K | $28.33 |
| 2025-08-22 | Nias James | Sell | 593 | $28.33 |
| 2025-08-21 | Keeney Scott H | Sell | 18K | $26.49 |
| 2025-08-21 | Corso Joseph John | Sell | 8.6K | $26.49 |
| 2025-08-21 | Nias James | Sell | 555 | $26.49 |
| 2025-08-20 | Corso Joseph John | Sell | 8.9K | $25.67 |
| 2025-08-20 | Nias James | Sell | 572 | $25.67 |
| 2025-08-20 | Keeney Scott H | Sell | 19K | $25.67 |
| 2025-08-19 | Nias James | Sell | 559 | $26.28 |
| 2025-08-19 | Corso Joseph John | Sell | 8.4K | $26.28 |
| 2025-08-19 | Keeney Scott H | Sell | 18K | $26.28 |
| 2025-08-18 | Corso Joseph John | Sell | 6.0K | $26.69 |
| 2025-08-18 | Keeney Scott H | Sell | 18K | $26.69 |
| 2025-08-18 | Nias James | Sell | 559 | $26.69 |
| 2025-08-14 | Nias James | Sell | 1.1K | $26.73 |
| 2025-08-13 | Corso Joseph John | Grant | 100K | — |
| 2025-08-13 | Nias James | Grant | 30K | — |
| 2025-08-13 | Keeney Scott H | Grant | 1.2M | — |
| 2025-08-05 | Nias James | Grant | 8.0K | — |
| 2025-08-05 | Corso Joseph John | Grant | 85K | — |
| 2025-08-05 | Keeney Scott H | Grant | 233K | — |
| 2025-06-26 | Keeney Scott H | Sell | 34K | $19.53 |
| 2025-06-18 | Keeney Scott H | Sell | 6.3K | $19.13 |
| 2025-06-17 | Keeney Scott H | Sell | 31K | $19.18 |
| 2025-06-16 | Keeney Scott H | Sell | 4.1K | $19.01 |
| 2025-06-13 | Corso Joseph John | Sell | 10K | $17.62 |
| 2025-06-12 | Hartman Mark D | Grant | 6.6K | — |
| 2025-06-10 | CARLISLE DOUGLAS C | Grant | 4.6K | — |
| 2025-06-10 | MOORE GEOFFREY | Grant | 4.6K | — |
| 2025-06-10 | LINK RAYMOND A | Grant | 4.6K | — |
| 2025-06-10 | Locke Gary | Grant | 4.6K | — |
| 2025-06-10 | Gossman William | Grant | 4.6K | — |
| 2025-06-10 | Nichols Camille | Grant | 4.6K | — |
| 2025-06-10 | CARANO BANDEL L | Grant | 4.6K | — |
| 2025-06-03 | Nias James | Grant | 15K | — |
| 2025-06-03 | Keeney Scott H | Sell | 41K | $16.07 |
| 2025-06-02 | Corso Joseph John | Tax withheld | 6.7K | $15.59 |
| 2025-06-02 | Nias James | Tax withheld | 1.3K | $15.59 |
| 2025-06-02 | Keeney Scott H | Tax withheld | 21K | $15.59 |
| 2025-05-27 | Keeney Scott H | Sell | 75K | $15.33 |
| 2025-05-22 | Corso Joseph John | Grant | 50K | — |
| 2025-05-22 | Keeney Scott H | Grant | 150K | — |
| 2025-05-20 | Nias James | Sell | 1.2K | $13.00 |
| 2025-05-15 | Nias James | Buy | 1.2K | $8.87 |
| 2025-03-04 | Keeney Scott H | Sell | 54K | $8.17 |
| 2025-03-04 | Gossman William | Option exercise | 47K | $0.75 |
| 2025-03-04 | LINK RAYMOND A | Option exercise | 5.5K | $1.45 |
| 2025-03-04 | Corso Joseph John | Sell | 4.2K | $8.18 |
| 2025-03-03 | Corso Joseph John | Tax withheld | 11K | $8.30 |
| 2025-03-03 | Nias James | Tax withheld | 2.2K | $8.30 |
| 2025-03-03 | Corso Joseph John | Sell | 2.5K | $9.24 |
| 2025-03-03 | Keeney Scott H | Tax withheld | 19K | $8.30 |
| 2025-01-02 | Locke Gary | Grant | 3.0K | — |
| 2025-01-02 | CARLISLE DOUGLAS C | Grant | 3.2K | — |
| 2025-01-02 | Gossman William | Grant | 4.9K | — |
| 2025-01-02 | CARANO BANDEL L | Grant | 3.0K | — |
| 2025-01-02 | MOORE GEOFFREY | Grant | 4.2K | — |
| 2025-01-02 | Nichols Camille | Grant | 4.3K | — |
| 2024-12-31 | Nichols Camille | Tax withheld | 7.5K | $10.49 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-05 | 0001124796-26-000032 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001124796-26-000028 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001124796-26-000025 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001124796-26-000012 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001124796-26-000010 ↗ |
| 8-K | 2026-02-04 | 2026-02-03 | 0001628280-26-005461 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001124796-26-000006 ↗ |
| 8-K | 2026-01-06 | 2026-01-05 | 0001124796-26-000003 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001124796-25-000154 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001124796-25-000152 ↗ |
| 8-K | 2025-08-15 | 2025-08-13 | 0001124796-25-000125 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001124796-25-000120 ↗ |