Here are the 10-K annual reports from nLIGHT, Inc. (LASR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LASR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LASR filings page.
nLIGHT, Inc. designs and manufactures high‑power semiconductor and fiber lasers used in aerospace and defense, industrial, and microfabrication markets. It operates through Laser Products and Advanced Development segments, supplying systems for directed energy weapons, laser sensing and advanced manufacturing.
The company reported product and R&D contract backlog of $161.6 million as of December 31, 2025, slightly below $167.0 million a year earlier, plus $184.4 million of unfunded U.S. government contract value. Its top ten customers accounted for about 75% of 2025 revenue, including major defense primes and the U.S. government, highlighting both scale and customer concentration.
nLIGHT is highly vertically integrated, with primary manufacturing in the U.S. and Finland and some contract manufacturing in Thailand, and employs over 800 people worldwide. Key risks include intense pricing and technology competition, dependence on defense budgets and government contracts, supply‑chain and export‑control exposure, cyber and data‑security threats, and the need for ongoing R&D investment to keep pace with rapid market change.