Filing Flows › Nlight (LASR) › Q1 2025
Nlight (LASR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Nlight (LASR) reported revenue of $51.7M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +9% from the quarter before. Operating margin was -18.6%, net loss $8.1M (15.7% of revenue).
Nlight, Q1 2025: revenue $51.7M (+16% year over year), operating margin -18.6%, net loss $8.1M, operating cash flow −$20K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.7M | +9% | +16% |
| Operating profit | −$9.6M | — | — |
| Net earnings | −$8.1M | — | — |
| Operating cash flow | −$20K | — | — |
What changed
Revenue was $51.7M in Q1 2025, up 16% year over year and up 9% from the previous quarter. Aerospace and Defense was the largest line at 63% of revenue. Aerospace and Defense added $11.0M year over year (up 50%), 153% of the total change. Industrial declined 26%.
Gross margin was 26.7%, up 9.9 points from a year earlier. Operating costs exceeded revenue by $9.6M, an operating margin of -18.6%. Operating expenses grew 5% against revenue growth of 16%. The quarter ended with a net loss of $8.1M, narrower than the previous quarter's $25.0M loss. Non-operating items added $1.7M, -21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$20K. Non-cash charges added back $3.3M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $2.3M exceeded it, leaving free cash flow of −$2.3M.
Questions
What was Nlight's revenue in the first quarter 2025?
Nlight (LASR) reported revenue of $51.7M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +9% from the quarter before.
Was Nlight profitable in the first quarter 2025?
Operating loss was $9.6M (-18.6% of revenue) and net loss $8.1M.
Source: Nlight 10-Q on SEC EDGAR.