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nLight Valuation Multiples

Discover revenue and EBITDA valuation multiples for nLight and similar public comparables like 4DS Memory, Besi, and ASML.

nLight Overview

About nLight

nLight Inc is a United States-based company provider of power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It designs, manufactures, and sells a range of power semiconductor lasers and fiber lasers that are typically integrated into laser systems. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, Asia Pacific, and EMEA.


Founded

2000

HQ

United States of America
Employees

800

Website

nlight.net

Financials

LTM Revenue $208M

LTM EBITDA -$12.3M

EV

$662M

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nLight Financials

nLight has a last 12-month revenue (LTM) of $208M and a last 12-month EBITDA of -$12.3M.

In the most recent fiscal year, nLight achieved revenue of $199M and an EBITDA of -$43.7M.

nLight expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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nLight P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $208M XXX $199M XXX XXX XXX
Gross Profit $41.8M XXX $33.0M XXX XXX XXX
Gross Margin 20% XXX 17% XXX XXX XXX
EBITDA -$12.3M XXX -$43.7M XXX XXX XXX
EBITDA Margin -6% XXX -22% XXX XXX XXX
EBIT -$56.0M XXX -$61.3M XXX XXX XXX
EBIT Margin -27% XXX -31% XXX XXX XXX
Net Profit -$51.1M XXX -$60.8M XXX XXX XXX
Net Margin -25% XXX -31% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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nLight Stock Performance

As of May 30, 2025, nLight's stock price is $15.

nLight has current market cap of $746M, and EV of $662M.

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nLight Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$662M $746M XXX XXX XXX XXX $-0.49

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nLight Valuation Multiples

As of May 30, 2025, nLight has market cap of $746M and EV of $662M.

nLight's trades at 3.3x EV/Revenue multiple, and -15.1x EV/EBITDA.

Equity research analysts estimate nLight's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

nLight has a P/E ratio of -14.6x.

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nLight Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $746M XXX $746M XXX XXX XXX
EV (current) $662M XXX $662M XXX XXX XXX
EV/Revenue 3.2x XXX 3.3x XXX XXX XXX
EV/EBITDA -53.6x XXX -15.1x XXX XXX XXX
EV/EBIT -11.8x XXX -10.8x XXX XXX XXX
EV/Gross Profit 15.8x XXX n/a XXX XXX XXX
P/E -14.6x XXX -12.3x XXX XXX XXX
EV/FCF -65.3x XXX -64.3x XXX XXX XXX

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nLight Margins & Growth Rates

nLight's last 12 month revenue growth is 10%

nLight's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

nLight's rule of 40 is -4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

nLight's rule of X is 19% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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nLight Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 10% XXX 10% XXX XXX XXX
EBITDA Margin -6% XXX -22% XXX XXX XXX
EBITDA Growth -93% XXX n/a XXX XXX XXX
Rule of 40 -4% XXX -12% XXX XXX XXX
Bessemer Rule of X XXX XXX 19% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 23% XXX XXX XXX
Opex to Revenue XXX XXX 48% XXX XXX XXX

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EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
XXX XXX XXX XXX XXX XXX
ASM International XXX XXX XXX XXX XXX XXX
ASML XXX XXX XXX XXX XXX XXX
Besi XXX XXX XXX XXX XXX XXX
4DS Memory XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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nLight M&A and Investment Activity

nLight acquired  XXX companies to date.

Last acquisition by nLight was  XXXXXXXX, XXXXX XXXXX XXXXXX . nLight acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by nLight

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About nLight

When was nLight founded? nLight was founded in 2000.
Where is nLight headquartered? nLight is headquartered in United States of America.
How many employees does nLight have? As of today, nLight has 800 employees.
Who is the CEO of nLight? nLight's CEO is Mr. Scott H. Keeney.
Is nLight publicy listed? Yes, nLight is a public company listed on NAS.
What is the stock symbol of nLight? nLight trades under LASR ticker.
When did nLight go public? nLight went public in 2018.
Who are competitors of nLight? Similar companies to nLight include e.g. , ASM International, ASML, Besi.
What is the current market cap of nLight? nLight's current market cap is $746M
What is the current revenue of nLight? nLight's last 12 months revenue is $208M.
What is the current revenue growth of nLight? nLight revenue growth (NTM/LTM) is 10%.
What is the current EV/Revenue multiple of nLight? Current revenue multiple of nLight is 3.2x.
Is nLight profitable? Yes, nLight is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of nLight? nLight's last 12 months EBITDA is -$12.3M.
What is nLight's EBITDA margin? nLight's last 12 months EBITDA margin is -6%.
What is the current EV/EBITDA multiple of nLight? Current EBITDA multiple of nLight is -53.6x.
What is the current FCF of nLight? nLight's last 12 months FCF is -$10.1M.
What is nLight's FCF margin? nLight's last 12 months FCF margin is -5%.
What is the current EV/FCF multiple of nLight? Current FCF multiple of nLight is -65.3x.

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