nLIGHT, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting third-quarter and nine-month financial results alongside a follow-on equity offering completed during the period.

Key Highlights

  • Total revenue grew: Third-quarter total revenue was $73,763 thousand, up from $66,742 thousand in the same period of 2025, according to the filing.
  • Net loss widened slightly: The company reported a net loss of $7,176 thousand for Q3 2026, compared to a net loss of $6,874 thousand in Q3 2025.
  • Restructuring charge: Operating expenses included a restructuring charge of $7,462 thousand in Q3 2026, up from $1,733 thousand in Q3 2025.
  • Follow-on offering completed: During the nine months ended September 30, 2026, the company raised net proceeds of $191,275 thousand from a follow-on equity offering, issuing 4,574 thousand shares.
  • Cash and cash equivalents increased sharply: Cash and cash equivalents stood at $279,371 thousand as of September 30, 2026, compared to $98,699 thousand at December 31, 2025.
  • Shares outstanding: As of November 4, 2026, the registrant had 58,234,103 shares of common stock outstanding.
  • Gross profit improved: Nine-month gross profit reached $76,669 thousand in 2026, compared to $53,009 thousand in the same period of 2025.

nLIGHT's Q3 2026 Operating Results and Balance Sheet Developments

According to the filing, nLIGHT, Inc. (NASDAQ:LASR) generates revenue across two categories: Products and Development. For the three months ended September 30, 2026, product revenue was $48,047 thousand and development revenue was $25,716 thousand, bringing total quarterly revenue to $73,763 thousand. This compares to total revenue of $66,742 thousand in Q3 2025. For the nine months ended September 30, 2026, total revenue reached $236,535 thousand, up from $180,145 thousand in the prior-year period.

The filing disclosed a loss from operations of $9,219 thousand for Q3 2026, driven in part by a $7,462 thousand restructuring charge within operating expenses. Research and development expenses were $12,535 thousand and sales, general, and administrative expenses were $13,653 thousand for the quarter. Interest income of $2,456 thousand partially offset operating losses, contributing to a net loss before income taxes of $6,860 thousand. After income tax expense of $316 thousand, the net loss for Q3 2026 was $7,176 thousand, or $0.12 per share basic and diluted.

On the balance sheet, total assets grew to $530,072 thousand as of September 30, 2026, from $315,210 thousand at December 31, 2025, the filing stated. The increase was substantially attributable to the follow-on equity offering, which the company reported as raising net proceeds of $191,275 thousand through the issuance of 4,574 thousand shares. Total stockholders' equity rose to $443,338 thousand from $226,749 thousand over the same period. The company also reported that its line of credit balance, which stood at $20,000 thousand at December 31, 2025, was reduced to zero by September 30, 2026.

What Was Disclosed

nLIGHT filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing revenue growth across both product and development segments, a material restructuring charge, a completed follow-on equity offering, and a significantly strengthened cash position relative to year-end 2025.