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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.59M | $80.18M | $81.19M | $66.74M | $61.74M | $51.67M | $47.38M | $56.13M |
| Cost of revenue | $56.87M | $53.67M | $56.23M | $45.99M | $43.28M | $37.87M | $46.25M | $43.58M |
| Gross profit | $25.73M | $26.51M | $24.95M | $20.75M | $18.46M | $13.80M | $1.13M | $12.55M |
| Gross margin | 31.1% | 33.1% | 30.7% | 31.1% | 29.9% | 26.7% | 2.4% | 22.4% |
| Research and development | $13.13M | $11.85M | $14.05M | $11.53M | $11.01M | $11.37M | $11.38M | $11.33M |
| Selling, general and administrative | $16.16M | $15.09M | $15.69M | $14.79M | $11.68M | $12.04M | $11.89M | $13.02M |
| Operating expenses | $29.29M | $27.23M | $30.36M | $28.05M | $22.69M | $23.41M | $27.56M | $24.35M |
| Operating income | −$3.57M | −$719.00K | −$5.41M | −$7.30M | −$4.24M | −$9.61M | −$26.43M | −$11.80M |
| Operating margin | -4.3% | -0.9% | -6.7% | -10.9% | -6.9% | -18.6% | -55.8% | -21.0% |
| EBITDA | −$614.00K | $2.95M | −$931.00K | −$2.25M | −$1.69M | −$5.94M | −$17.30M | −$7.52M |
| Interest income | $2.47M | $1.56M | $1.03M | $1.08M | $1.11M | $1.69M | $398.00K | $421.00K |
| Interest expense | −$204.00K | −$300.00K | −$331.00K | −$317.00K | −$388.00K | −$48.00K | −$38.00K | −$27.00K |
| Income before taxes | −$1.26M | $698.00K | −$4.64M | −$6.60M | −$3.57M | −$7.96M | −$25.56M | −$10.07M |
| Income taxes | $75.00K | $53.00K | $272.00K | $273.00K | $17.00K | $137.00K | −$601.00K | $261.00K |
| Net income | −$1.34M | $645.00K | −$4.91M | −$6.87M | −$3.59M | −$8.09M | −$24.96M | −$10.34M |
| Net margin | -1.6% | 0.8% | -6.0% | -10.3% | -5.8% | -15.7% | -52.7% | -18.4% |
| EPS, basic | −$0.02 | $0.01 | −$0.10 | −$0.14 | −$0.07 | −$0.16 | −$0.51 | −$0.21 |
| EPS, diluted | −$0.02 | $0.01 | −$0.10 | −$0.14 | −$0.07 | −$0.16 | −$0.51 | −$0.21 |
| Diluted shares | 56.98M | 59.98M | 50.95M | 50.29M | 49.58M | 49.09M | 48.57M | 48.13M |
Figures describe nLIGHT shares, not any token. As of Aug 7, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.