nLIGHT, Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2026, with the SEC on August 7, 2026, reporting a narrowed net loss and significantly higher revenue compared to the same period a year earlier.

Key Highlights

  • Total revenue rose to $82.6 million for the three months ended June 30, 2026, up from $61.7 million in the same quarter of 2025, according to the filing.
  • Net loss narrowed to $1.339 million for Q2 2026, compared to a net loss of $3.591 million in Q2 2025.
  • Six-month net loss was $694,000 for the first half of 2026, versus a net loss of $11.684 million in the first half of 2025.
  • Cash and cash equivalents increased to $295.8 million as of June 30, 2026, from $98.7 million at December 31, 2025.
  • A follow-on stock offering raised net proceeds of $191.275 million during the six months ended June 30, 2026, adding 4,574 thousand shares.
  • Total stockholders' equity reached $439.9 million at June 30, 2026, compared to $226.7 million at December 31, 2025.
  • Shares outstanding were 57,690,197 as of August 5, 2026, per the filing.

nLIGHT's Second Quarter 2026 Financial Performance and Balance Sheet Changes

According to the filing, nLIGHT (NASDAQ: LASR) reported total revenue of $82.591 million for the three months ended June 30, 2026, consisting of $59.363 million in product revenue and $23.228 million in development revenue. This compares to total revenue of $61.735 million in the same quarter of 2025. For the six months ended June 30, 2026, total revenue was $162.772 million, up from $113.403 million in the prior-year period.

Gross profit for Q2 2026 was $25.725 million, compared to $18.457 million in Q2 2025. Operating expenses for the second quarter totaled $29.292 million, including $13.130 million in research and development and $16.162 million in sales, general, and administrative costs. The company reported a loss from operations of $3.567 million for the three months ended June 30, 2026, and $4.286 million for the six-month period. Interest income of $2.474 million in Q2 2026 partially offset the operating loss, resulting in a net loss of $1.339 million, or $0.02 per share basic and diluted, the filing disclosed.

The balance sheet reflects a substantial increase in cash and cash equivalents, which the filing attributes in part to proceeds from a follow-on equity offering completed during the first half of 2026. That offering generated net proceeds of $191.275 million and added 4,574 thousand shares of common stock. Total assets stood at $517.589 million at June 30, 2026, up from $315.210 million at December 31, 2025. The accumulated deficit was $349.257 million at June 30, 2026. The company also reported that its line of credit balance was zero at June 30, 2026, reduced from $20.0 million at December 31, 2025.

What Was Disclosed

nLIGHT's 10-Q for the quarter ended June 30, 2026, disclosed higher revenue across both product and development segments, a reduced net loss, a completed follow-on equity offering, and a significantly stronger cash position relative to year-end 2025.