nLIGHT, Inc. reported a significant increase in revenue for the fiscal year ending December 31, 2025, achieving $261.3 million, up from $198.5 million in 2024. This 31.6% growth was primarily driven by higher sales volumes in the Laser Products segment, particularly in the Aerospace and Defense market, which saw revenues rise to $175.3 million from $109.5 million. The Advanced Development segment also contributed positively, with revenues increasing to $82.1 million from $61.9 million. Despite the revenue growth, the company recorded a net loss of $23.5 million, an improvement from the $60.8 million loss reported in the previous year.
The company experienced notable changes in its operational structure, including a restructuring plan that involved headcount reductions in multiple countries and the write-down of certain capital equipment projects. These actions were part of a strategic effort to streamline operations and reduce costs. Additionally, nLIGHT's focus on innovation was underscored by its continued investment in research and development, which totaled $48 million for the year, reflecting a commitment to enhancing its product offerings in high-power lasers and related technologies.
Customer engagement metrics showed that nLIGHT serves over 300 customers globally, with a significant concentration of revenue from a small number of clients. The top ten customers accounted for approximately 75% of total revenues in 2025, highlighting the company's reliance on key accounts, including major defense contractors and government entities. The company also reported a backlog of $161.6 million as of December 31, 2025, indicating a solid pipeline of future business, although this was a slight decrease from $167 million in 2024.
Geographically, nLIGHT's revenue distribution revealed a strong performance in North America, which accounted for 71% of total revenues, up from 66.9% in the previous year. The Asia Pacific and EMEA regions also contributed, with revenues of $38.4 million and $37.3 million, respectively. The company noted that fluctuations in demand across its various markets, particularly in the Industrial sector, impacted overall performance, with a decline in revenue from this segment attributed to lower customer demand.
Looking ahead, nLIGHT expressed optimism about its growth trajectory, driven by ongoing investments in technology and product development. The company plans to leverage its vertical integration and innovative capabilities to capture additional market share in the Aerospace and Defense sectors, as well as expand its presence in the Microfabrication and Industrial markets. The management remains focused on navigating the challenges posed by market conditions and competitive pressures while aiming to achieve profitability in the future.
About NLIGHT, INC.
nLIGHT, Inc. designs and manufactures high-power semiconductor and fiber lasers for aerospace, defense, industrial, and microfabrication markets. Its products include laser sources, amplifiers, and advanced laser systems used in directed energy, sensing, and material processing applications. The company leverages vertical integration, innovation, and proprietary technology to deliver reliable, programmable, and high-performance laser solutions to global customers across government and commercial sectors.
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