Demonstrações financeiras detalhadas de nLIGHT, Inc. (LASR): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
nLIGHT, Inc. registou receitas de $261.3M no último exercício, com um CAGR de 5 anos de 3.2%.
Margens dos últimos 12 meses: margem bruta 31.5%, margem operacional -5.4%, margem líquida -4.0%.
Ao preço atual de $38.56, LASR apresenta lucros negativos (P/L não significativo) e um ROE de -3.80%. A capitalização de mercado é de $2.2B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $101.3M | $138.6M | $191.4M | $176.6M | $222.8M | $270.1M | $242.1M | $209.9M | $198.5M | $261.3M |
| Custo da Receita | $78.2M | $94.3M | $124.4M | $124.3M | $163.4M | $192.8M | $191.2M | $163.8M | $165.5M | $183.4M |
| Lucro Bruto | $23.2M | $44.3M | $67.0M | $52.3M | $59.4M | $77.3M | $50.8M | $46.1M | $33.0M | $78.0M |
| P&D | $15.2M | $15.1M | $21.1M | $28.1M | $41.2M | $54.8M | $53.8M | $46.2M | $45.1M | $48.0M |
| Despesas Gerais e Administrativas | $17.3M | $19.4M | $28.8M | $34.1M | $39.2M | $52.7M | $48.3M | $45.9M | $49.3M | $54.2M |
| Despesas Operacionais | $32.5M | $34.5M | $49.9M | $62.2M | $80.4M | $107.5M | $105.9M | $92.9M | $98.7M | $104.5M |
| Lucro Operacional | -$9.3M | $9.8M | $17.1M | -$9.9M | -$21.0M | -$30.2M | -$55.1M | -$46.8M | -$65.6M | -$26.6M |
| EBITDA | -$1.2M | $17.7M | $25.4M | -$345000 | -$7.4M | -$14.8M | -$35.5M | -$29.9M | -$43.7M | -$20.0M |
| Despesas com Juros | $2.2M | $1.3M | 0 | 0 | 0 | $163000 | 0 | 0 | 0 | $1.9M |
| Lucro Antes de Impostos | -$12.3M | $6.7M | $17.5M | -$6.8M | -$20.6M | -$30.0M | -$54.2M | -$42.6M | -$60.9M | -$22.8M |
| Imposto | $1.9M | $4.9M | $3.6M | $6.1M | $340000 | -$375000 | $344000 | -$978000 | -$76000 | $699000 |
| Lucro Líquido | -$14.2M | $1.8M | $13.9M | -$12.9M | -$20.9M | -$29.7M | -$54.6M | -$41.7M | -$60.8M | -$23.5M |
| LPA | $-0.55 | $0.07 | $0.47 | $-0.35 | $-0.55 | $-0.70 | $-1.23 | $-0.90 | $-1.27 | $-0.48 |
| LPA Diluído | $-0.49 | $0.06 | $0.47 | $-0.35 | $-0.55 | $-0.70 | $-1.23 | $-0.90 | $-1.27 | $-0.48 |
| Ações em Circulação (Diluídas) | $29.1M | $29.1M | $30.0M | $37.1M | $38.4M | $42.1M | $44.4M | $46.1M | $47.9M | $50.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $66.7M | $81.2M | $80.2M | $82.6M |
| Lucro Bruto | $20.8M | $25.0M | $26.5M | $25.7M |
| Lucro Operacional | -$7.3M | -$5.4M | -$424000 | -$3.6M |
| EBITDA | -$2.1M | -$629000 | $4.4M | $7.1M |
| Lucro Líquido | -$6.9M | -$4.9M | $645000 | -$1.3M |
| LPA | $-0.14 | $-0.10 | $0.01 | $-0.02 |
| LPA Diluído | $-0.14 | $-0.10 | $0.01 | $-0.02 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $13.5M | $36.7M | $149.5M | $117.3M | $102.3M | $146.5M | $57.8M | $53.2M | $65.8M | $98.7M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | $50.4M | $59.7M | $34.9M | $34.9M |
| Contas a Receber | $10.7M | $14.6M | $26.5M | $30.0M | $37.5M | $51.2M | $37.9M | $39.6M | $34.9M | $50.8M |
| Estoque | $18.8M | $29.6M | $35.3M | $46.1M | $54.7M | $73.7M | $67.6M | $52.2M | $40.8M | $45.4M |
| Ativos Circulantes | $46.1M | $84.6M | $218.6M | $198.6M | $200.6M | $277.2M | $230.8M | $220.6M | $194.1M | $243.2M |
| Imobilizado | $20.3M | $20.2M | $21.5M | $27.7M | $56.8M | $73.1M | $74.6M | $64.9M | $57.8M | $57.1M |
| Ágio | $1.4M | $1.4M | $1.4M | $9.9M | $12.5M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M |
| Ativos Intangíveis | $1.5M | $1.8M | $2.7M | $10.0M | $8.3M | $6.7M | $4.0M | $1.7M | $833000 | 0 |
| Ativos Totais | $71.1M | $110.1M | $250.1M | $250.0M | $283.6M | $373.6M | $329.2M | $306.8M | $270.2M | $318.1M |
| Contas a Pagar | $9.4M | $12.9M | $12.1M | $12.7M | $21.1M | $26.3M | $17.5M | $12.2M | $15.1M | $20.9M |
| Dívida de Curto Prazo | $1.3M | $2.4M | $91000 | $51000 | $184000 | 0 | 0 | 0 | 0 | $22.8M |
| Passivos Circulantes | $19.2M | $28.9M | $23.6M | $25.0M | $41.4M | $45.8M | $34.5M | $32.8M | $34.2M | $64.2M |
| Dívida de Longo Prazo | $18.4M | $15.1M | $18000 | 0 | $215000 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $41.4M | $48.9M | $32.3M | $33.4M | $63.7M | $71.5M | $58.4M | $52.4M | $53.8M | $91.4M |
| Reservas | -$120.5M | -$118.7M | -$104.7M | -$117.5M | -$138.4M | -$168.1M | -$222.6M | -$264.3M | -$325.1M | -$348.6M |
| Patrimônio Líquido | $29.7M | $61.3M | $217.8M | $216.6M | $219.9M | $302.1M | $270.8M | $254.4M | $216.4M | $226.7M |
| Dívida Total | $19.7M | $17.5M | $109000 | $51000 | $13.0M | $17.7M | $15.6M | $14.2M | $12.1M | $36.2M |
| Dívida Líquida | $6.2M | -$19.2M | -$149.4M | -$117.2M | -$89.2M | -$128.9M | -$92.6M | -$98.7M | -$88.6M | -$97.4M |
| Capital de Giro | $26.9M | $55.7M | $195.0M | $173.6M | $159.2M | $231.4M | $196.3M | $187.8M | $159.9M | $179.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $81.1M | $98.7M | $298.2M | $295.8M |
| Ativos Totais | $298.7M | $318.1M | $515.7M | $517.6M |
| Passivos Totais | $80.2M | $91.4M | $86.5M | $77.7M |
| Patrimônio Líquido | $218.5M | $226.7M | $429.2M | $439.9M |
| Dívida Total | $31.3M | $36.2M | $35.6M | $14.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$14.2M | $1.8M | $13.9M | -$12.9M | -$20.9M | -$29.7M | -$54.6M | -$41.7M | -$60.8M | -$23.5M |
| Depreciação e Amortização | $8.1M | $7.9M | $8.3M | $9.6M | $13.7M | $15.1M | $15.7M | $16.0M | $17.6M | $14.3M |
| Compensação em Ações | $308000 | $369000 | $4.8M | $9.7M | $25.5M | $37.7M | $26.8M | $25.8M | $25.0M | $33.4M |
| Variação Capital de Giro | $11.2M | -$7.4M | -$22.4M | -$13.3M | -$8.2M | -$33.8M | -$8.2M | $8.1M | $11.9M | $1.1M |
| Fluxo de Caixa Operacional | $6.0M | $3.4M | $3.3M | -$4.2M | $13.0M | -$7.4M | -$14.5M | $10.1M | -$2.4M | $21.3M |
| CapEx | -$4.1M | -$5.5M | -$11.7M | -$13.6M | -$24.3M | -$21.6M | -$21.7M | -$5.3M | -$7.9M | -$9.0M |
| Aquisições | $36000 | $6000 | $35000 | -$17.4M | -$190000 | -$291000 | -$664000 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $1.9M | -$2.1M | -$8.4M | -$17.9M | -$11.3M | -$29.0M | -$36.3M | $4.8M | -$10.3M | $12.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $5.2M | $17.5M | $9.7M | $30.4M |
| CapEx | -$2.8M | -$1.6M | -$2.1M | -$7.0M |
| Fluxo de Caixa Livre | $2.4M | $15.9M | $7.6M | $23.5M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $9.4M | $11.6M | $10.9M | $21.8M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +36.8% | +38.1% | -7.7% | +26.1% | +21.3% | -10.4% | -13.3% | -5.4% | +31.6% |
| Crescimento Lucro Líquido (anual) | | +112.9% | +658.7% | -192.4% | -62.5% | -41.7% | -84.0% | +23.7% | -45.9% | +61.4% |
| Crescimento LPA (anual) | | +112.7% | +571.4% | -174.5% | -57.1% | -27.3% | -75.7% | +26.8% | -41.1% | +62.2% |
| Variação de Ações (anual) | | +0.0% | +2.9% | +23.9% | +3.4% | +9.8% | +5.4% | +3.7% | +4.0% | +6.3% |
| Crescimento FCF (anual) | | -209.3% | -304.4% | -113.3% | +36.7% | -156.5% | -25.0% | +113.1% | -316.6% | +219.5% |
| Margem Bruta | 22.9% | 31.9% | 35.0% | 29.6% | 26.6% | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% |
| Margem Operacional | -9.2% | 7.1% | 8.9% | -5.6% | -9.4% | -11.2% | -22.8% | -22.3% | -33.1% | -10.2% |
| Margem EBITDA | -1.2% | 12.8% | 13.2% | -0.2% | -3.3% | -5.5% | -14.7% | -14.3% | -22.0% | -7.6% |
| Margem Líquida | -14.0% | 1.3% | 7.3% | -7.3% | -9.4% | -11.0% | -22.5% | -19.9% | -30.6% | -9.0% |
| Margem FCF | 1.9% | -1.5% | -4.4% | -10.1% | -5.1% | -10.7% | -15.0% | 2.3% | -5.2% | 4.7% |
| Taxa Efetiva de Imposto | -15.3% | 72.6% | 20.5% | -90.5% | -1.7% | 1.2% | -0.6% | 2.3% | 0.1% | -3.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.07 | $-0.07 | $-0.28 | $-0.48 | $-0.29 | $-0.69 | $-0.82 | $0.10 | $-0.21 | $0.24 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $25.8M | $25.8M | $29.8M | $37.1M | $38.4M | $42.1M | $44.4M | $46.1M | $47.9M | $50.9M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -3.80% |
| Retorno sobre capital investido | -3.59% |
| Retorno sobre ativos | -2.41% |
| Margem bruta | 31.52% |
| Margem operacional | -5.37% |
| Margem líquida | -4.02% |
Saúde financeira
| Dívida / Patrimônio | 0.03 |
| Liquidez corrente | 8.17 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 12.23 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -49.00 | 385.00 | 37.83 | -57.94 | -59.36 | -34.21 | -8.24 | -15.00 | -8.26 | -78.15 |
| P/VP | 23.45 | 11.36 | 2.43 | 3.48 | 5.70 | 3.34 | 1.66 | 2.44 | 2.32 | 8.43 |
| P/V | 6.87 | 5.02 | 2.77 | 4.26 | 5.62 | 3.74 | 1.86 | 2.96 | 2.53 | 7.31 |
| Margem Bruta | 22.9% | 31.9% | 35.0% | 29.6% | 26.6% | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% |
| Margem Operacional | -9.2% | 7.1% | 8.9% | -5.6% | -9.4% | -11.2% | -22.8% | -22.3% | -33.1% | -10.2% |
| Margem Líquida | -14.0% | 1.3% | 7.3% | -7.3% | -9.4% | -11.0% | -22.5% | -19.9% | -30.6% | -9.0% |