nLIGHT, Inc. — Earnings Quality Grade F
LASR · Technology
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 71 days, change +7 days YoY
AR growth 45.7% vs revenue growth 31.6%
Revenue 31.6%, CFFO 1004.2%. Cash follows revenue
Expense Quality
Inventory 11.3% vs COGS 10.8%. Normal
CapEx growth 13.9% vs revenue 31.6%. Normal
SG&A/Gross Profit = 69.5%. Normal
Gross margin swung +13.2pp (16.6% → 29.8%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.0B, FCF/NI = -0.52
Accruals ratio = -14.2%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 5% of equity. Manageable
Interest coverage = -22.3x (<2x). Financial stress
Other assets -53.2% vs revenue 31.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -6% YoY. Normal
Manipulation Score
M-Score = -3.27 (< -2.22). Unlikely manipulator
Portfolio monitoring
Monitor LASR continuously
The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25