NLIGHT, INC.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $149.5m $117.3m $102.3m $146.5m $57.8m $53.2m $65.8m $98.7m
Accounts receivable, net of allowances of $520 and $1,800 $26.5m $27.1m $31.8m $41.6m $37.9m $39.6m $34.9m $50.8m
Inventory $35.3m $46.1m $54.7m $73.7m $67.6m $52.2m $40.8m $45.4m
Prepaid expenses and other current assets $7.3m $8.1m $11.8m $15.3m $17.0m $15.9m $17.7m $13.3m
Total current assets $218.6m $198.6m $200.6m $277.2m $230.8m $220.6m $194.1m $243.2m
Property, plant and equipment, net $21.5m $27.7m $44.5m $56.1m $60.7m $52.3m $46.9m $42.1m
Intangible assets, net $2.7m $10.0m $8.3m $6.7m $4.0m $1.7m $833k $0
Goodwill $1.4m $9.9m $12.5m $12.4m $12.4m $12.4m $12.4m $12.4m
Lease right-of-use assets $12.3m $17.0m $13.9m $12.6m $10.8m $15.0m
Other assets, net $6.0m $3.7m $5.2m $3.9m $7.2m $7.0m $4.9m $2.1m
Marketable securities $0 $50.4m $59.7m $34.9m $34.9m
Restricted cash $41k $291k $250k $252k $256k $259k $322k
Deferred revenues $720k $679k $2.5m $1.6m $1.4m $4.8m $3.6m $1.5m
Current portion of lease liabilities $2.3m $3.1m $2.8m $3.2m $2.3m $2.8m
Line of credit $0 $20.0m
Non-current income taxes payable $6.5m $6.4m $7.6m $7.1m $6.7m $5.4m $5.5m $5.9m
Long-term lease liabilities $10.4m $14.6m $12.9m $11.0m $9.8m $13.4m
Total stockholders’ equity $217.8m $216.6m $219.9m $302.1m $270.8m $254.4m $216.4m $226.7m
Total assets $250.1m $250.0m $283.6m $373.6m $329.2m $306.8m $270.2m $315.2m
Total liabilities and stockholders’ equity $250.1m $250.0m $283.6m $373.6m $329.2m $306.8m $270.2m $315.2m
Accounts payable $12.1m $12.7m $21.1m $26.3m $17.5m $12.2m $15.1m $20.9m
Accrued liabilities $10.7m $11.6m $15.3m $14.7m $12.8m $12.6m $13.3m $19.1m
Total current liabilities $23.6m $25.0m $41.4m $45.8m $34.5m $32.8m $34.2m $64.2m
Other long-term liabilities $2.3m $1.9m $4.2m $4.0m $4.3m $3.3m $4.2m $4.9m
Total liabilities $32.3m $33.4m $63.7m $71.5m $58.4m $52.4m $53.8m $88.5m
Common stock - $0.0001 par value; 190,000 shares authorized, 51,163 and 48,948 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 15k 15k 15k 15k 16k 16k 16k 16k
Additional paid-in capital $324.7m $336.7m $358.5m $470.8m $496.2m $521.2m $544.8m $578.4m
Accumulated other comprehensive loss ($2.2m) ($2.7m) ($259k) ($587k) ($2.7m) ($2.5m) ($3.3m) ($3.1m)
Accumulated deficit ($104.7m) ($117.5m) ($138.4m) ($168.1m) ($222.6m) ($264.3m) ($325.1m) ($348.6m)