Filing Flows › Nlight (LASR) › Q3 2025
Nlight (LASR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Nlight (LASR) reported revenue of $66.7M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +8% from the quarter before. Operating margin was -10.9%, net loss $6.9M (10.3% of revenue).
Nlight, Q3 2025: revenue $66.7M (+19% year over year), operating margin -10.9%, net loss $6.9M, operating cash flow $5.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.7M | +8% | +19% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | $5.2M | — | — |
| Free cash flow | $2.4M | — | — |
What changed
Revenue was $66.7M in Q3 2025, up 19% year over year and up 8% from the previous quarter. Aerospace and Defense was the largest line at 68% of revenue. Aerospace and Defense added $15.3M year over year (up 50%), 144% of the total change. Microfabrication declined 19%.
Gross margin was 31.1%, up 8.7 points from a year earlier. Operating costs exceeded revenue by $7.3M, an operating margin of -10.9%. Operating expenses grew 15% against revenue growth of 19%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $6.9M, wider than the previous quarter's $3.6M loss.
Operating cash flow was $5.2M. Non-cash charges added back $3.0M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $301K. Capital expenditures of $2.8M left free cash flow of $2.4M.
Questions
What was Nlight's revenue in the third quarter 2025?
Nlight (LASR) reported revenue of $66.7M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +8% from the quarter before.
Was Nlight profitable in the third quarter 2025?
Operating loss was $7.3M (-10.9% of revenue) and net loss $6.9M.
Source: Nlight 10-Q on SEC EDGAR.