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Side-by-side financial comparison of NLIGHT, INC. (LASR) and REGIS CORP (RGS). Click either name above to swap in a different company.

NLIGHT, INC. is the larger business by last-quarter revenue ($81.2M vs $57.1M, roughly 1.4× REGIS CORP). REGIS CORP runs the higher net margin — 0.8% vs -6.0%, a 6.8% gap on every dollar of revenue. On growth, NLIGHT, INC. posted the faster year-over-year revenue change (71.3% vs 22.3%). NLIGHT, INC. produced more free cash flow last quarter ($15.9M vs $891.0K). Over the past eight quarters, NLIGHT, INC.'s revenue compounded faster (35.0% CAGR vs 7.8%).

nLight Inc. is a global developer and manufacturer of high-performance semiconductor lasers, fiber lasers, and related optical components. Its products serve key segments including industrial precision manufacturing, aerospace and defense, medical equipment, and advanced research, with customers across North America, Europe, and Asia Pacific.

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

LASR vs RGS — Head-to-Head

Bigger by revenue
LASR
LASR
1.4× larger
LASR
$81.2M
$57.1M
RGS
Growing faster (revenue YoY)
LASR
LASR
+49.1% gap
LASR
71.3%
22.3%
RGS
Higher net margin
RGS
RGS
6.8% more per $
RGS
0.8%
-6.0%
LASR
More free cash flow
LASR
LASR
$15.0M more FCF
LASR
$15.9M
$891.0K
RGS
Faster 2-yr revenue CAGR
LASR
LASR
Annualised
LASR
35.0%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
LASR
LASR
RGS
RGS
Revenue
$81.2M
$57.1M
Net Profit
$-4.9M
$456.0K
Gross Margin
30.7%
Operating Margin
-6.7%
10.8%
Net Margin
-6.0%
0.8%
Revenue YoY
71.3%
22.3%
Net Profit YoY
80.3%
-94.0%
EPS (diluted)
$-0.10
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LASR
LASR
RGS
RGS
Q4 25
$81.2M
$57.1M
Q3 25
$66.7M
$59.0M
Q2 25
$61.7M
$60.4M
Q1 25
$51.7M
$57.0M
Q4 24
$47.4M
$46.7M
Q3 24
$56.1M
$46.1M
Q2 24
$50.5M
$49.4M
Q1 24
$44.5M
$49.2M
Net Profit
LASR
LASR
RGS
RGS
Q4 25
$-4.9M
$456.0K
Q3 25
$-6.9M
$1.4M
Q2 25
$-3.6M
$116.5M
Q1 25
$-8.1M
$250.0K
Q4 24
$-25.0M
$7.6M
Q3 24
$-10.3M
$-853.0K
Q2 24
$-11.7M
$91.2M
Q1 24
$-13.8M
$-2.3M
Gross Margin
LASR
LASR
RGS
RGS
Q4 25
30.7%
Q3 25
31.1%
Q2 25
29.9%
Q1 25
26.7%
Q4 24
2.4%
Q3 24
22.4%
Q2 24
23.5%
Q1 24
16.8%
Operating Margin
LASR
LASR
RGS
RGS
Q4 25
-6.7%
10.8%
Q3 25
-10.9%
10.0%
Q2 25
-6.9%
12.1%
Q1 25
-18.6%
8.8%
Q4 24
-55.8%
11.8%
Q3 24
-21.0%
4.6%
Q2 24
-25.1%
Q1 24
-33.1%
8.3%
Net Margin
LASR
LASR
RGS
RGS
Q4 25
-6.0%
0.8%
Q3 25
-10.3%
2.3%
Q2 25
-5.8%
192.9%
Q1 25
-15.7%
0.4%
Q4 24
-52.7%
16.4%
Q3 24
-18.4%
-1.9%
Q2 24
-23.2%
184.7%
Q1 24
-30.9%
-4.7%
EPS (diluted)
LASR
LASR
RGS
RGS
Q4 25
$-0.10
$0.16
Q3 25
$-0.14
$0.49
Q2 25
$-0.07
$43.67
Q1 25
$-0.16
$0.08
Q4 24
$-0.52
$2.71
Q3 24
$-0.21
$-0.36
Q2 24
$-0.25
$38.40
Q1 24
$-0.29
$-1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LASR
LASR
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$98.7M
$18.4M
Total DebtLower is stronger
$113.3M
Stockholders' EquityBook value
$226.7M
$188.7M
Total Assets
$315.2M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASR
LASR
RGS
RGS
Q4 25
$98.7M
$18.4M
Q3 25
$81.1M
$16.6M
Q2 25
$78.8M
$17.0M
Q1 25
$82.2M
$13.3M
Q4 24
$65.8M
$10.2M
Q3 24
$41.5M
$6.3M
Q2 24
$49.4M
$10.1M
Q1 24
$61.3M
$5.9M
Total Debt
LASR
LASR
RGS
RGS
Q4 25
$113.3M
Q3 25
$111.3M
Q2 25
$110.8M
Q1 25
$112.0M
Q4 24
$111.5M
Q3 24
$95.2M
Q2 24
$99.5M
Q1 24
$179.7M
Stockholders' Equity
LASR
LASR
RGS
RGS
Q4 25
$226.7M
$188.7M
Q3 25
$218.5M
$187.6M
Q2 25
$216.0M
$185.6M
Q1 25
$212.8M
$68.6M
Q4 24
$216.4M
$66.7M
Q3 24
$235.3M
$56.4M
Q2 24
$239.5M
$56.8M
Q1 24
$244.4M
$-35.8M
Total Assets
LASR
LASR
RGS
RGS
Q4 25
$315.2M
$588.3M
Q3 25
$298.7M
$592.1M
Q2 25
$295.3M
$599.0M
Q1 25
$290.0M
$511.2M
Q4 24
$270.2M
$530.1M
Q3 24
$291.3M
$508.9M
Q2 24
$294.3M
$530.5M
Q1 24
$302.8M
$543.7M
Debt / Equity
LASR
LASR
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LASR
LASR
RGS
RGS
Operating Cash FlowLast quarter
$17.5M
$1.7M
Free Cash FlowOCF − Capex
$15.9M
$891.0K
FCF MarginFCF / Revenue
19.6%
1.6%
Capex IntensityCapex / Revenue
2.0%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASR
LASR
RGS
RGS
Q4 25
$17.5M
$1.7M
Q3 25
$5.2M
$2.3M
Q2 25
$-1.4M
$6.8M
Q1 25
$-20.0K
$6.2M
Q4 24
$-3.9M
$2.1M
Q3 24
$-5.6M
$-1.3M
Q2 24
$-4.2M
$5.1M
Q1 24
$11.4M
$-277.0K
Free Cash Flow
LASR
LASR
RGS
RGS
Q4 25
$15.9M
$891.0K
Q3 25
$2.4M
$1.9M
Q2 25
$-3.8M
$6.2M
Q1 25
$-2.3M
$5.9M
Q4 24
$-6.5M
$1.7M
Q3 24
$-7.2M
$-1.4M
Q2 24
$-6.4M
$5.1M
Q1 24
$9.8M
$-326.0K
FCF Margin
LASR
LASR
RGS
RGS
Q4 25
19.6%
1.6%
Q3 25
3.7%
3.2%
Q2 25
-6.1%
10.3%
Q1 25
-4.5%
10.3%
Q4 24
-13.7%
3.6%
Q3 24
-12.9%
-3.0%
Q2 24
-12.6%
10.3%
Q1 24
22.1%
-0.7%
Capex Intensity
LASR
LASR
RGS
RGS
Q4 25
2.0%
1.4%
Q3 25
4.2%
0.7%
Q2 25
3.9%
0.9%
Q1 25
4.4%
0.6%
Q4 24
5.5%
0.9%
Q3 24
2.9%
0.0%
Q2 24
4.2%
0.0%
Q1 24
3.5%
0.1%
Cash Conversion
LASR
LASR
RGS
RGS
Q4 25
3.65×
Q3 25
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LASR
LASR

Aerospaceand Defense$56.3M69%
Microfabrication$14.2M18%
Industrial$10.7M13%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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