RxSight, Inc.
RXST· Nasdaq· Ophthalmic Goods
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -14.4%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +55.7%
We record prices for the companies we cover; RXST is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 40.9M
- Revenue
- $134.5M
- Free cash flow
- -$19.3M
- Owner earnings
- -$51.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 76.6%
- Operating
- -35.8%
- Net
- -29.0%
- Free cash flow
- -14.4%
- Owner earnings
- -37.9%
- Stock pay
- 23.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -14.1%
- ROE, 5 yr avg
- -32.7%
Growth (CAGR)
- Revenue, 3 yr
- 40.0%
- Revenue, 5 yr
- 55.7%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $228.1M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 49.2%
Financials: ten years from the 10-Ks
Revenue
$134.5M
+55.7% a year over 5 years
FY2020FY2025
Margins
Gross76.6%Operating-35.8%Net-29.0%
FY2025
FY2020FY2025
Free cash flow and owner earnings
Free cash flow-$19.3MOwner earnings-$51.0M
FY2025
FY2020FY2025
Diluted shares
40.9M
+638.4% over 5 years, net dilution
FY2020FY2025
Net cash
–
$127.2M more cash than debt
FY2020FY2025
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| The business | ||||||
| Revenue | $14.7M | $22.6M | $49.0M | $89.1M | $139.9M | $134.5M |
| Revenue growth | – | 53.9% | 116.9% | 81.8% | 57.1% | -3.9% |
| Gross margin | 11.6% | 20.0% | 43.5% | 60.4% | 70.7% | 76.6% |
| Operating margin | -241.3% | -233.6% | -129.2% | -56.2% | -26.3% | -35.8% |
| Net income | $27.6M | -$48.7M | -$66.8M | -$48.6M | -$27.5M | -$38.9M |
| Net margin | 187.9% | -215.5% | -136.2% | -54.6% | -19.6% | -29.0% |
| Diluted EPS | $0.15 | $-3.57 | $-2.41 | $-1.41 | $-0.71 | $-0.95 |
| Return on invested capital? | – | – | – | – | – | – |
| Cash | ||||||
| Operating cash flow | -$35.2M | -$44.7M | -$58.9M | -$41.6M | -$16.9M | -$15.5M |
| Capital expenditure | $2.5M | $1.9M | $2.4M | $4.8M | $5.4M | $3.8M |
| Free cash flow | -$37.7M | -$46.6M | -$61.2M | -$46.4M | -$22.4M | -$19.3M |
| Stock-based compensation | $4.2M | $7.6M | $11.4M | $15.7M | $24.6M | $31.6M |
| Owner earnings? | -$41.9M | -$54.2M | -$72.6M | -$62.2M | -$47.0M | -$51.0M |
| Free cash flow per share | $-6.82 | $-3.42 | $-2.21 | $-1.35 | $-0.58 | $-0.47 |
| Capital allocation | ||||||
| Dividends paid | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – |
| Diluted shares | 5.5M | 13.6M | 27.7M | 34.5M | 38.9M | 40.9M |
| Share count change? | – | 146.3% | 103.0% | 24.6% | 12.8% | 5.1% |
| Balance sheet | ||||||
| Cash and equivalents | $14.0M | $24.4M | $11.8M | $9.7M | $16.7M | $19.9M |
| Short-term investments | $55.0M | $135.0M | $94.0M | $117.5M | $220.5M | $208.2M |
| Total debt | $24.4M | $39.8M | $40.2M | $0 | – | – |
| Net debt | -$44.6M | -$119.6M | -$65.6M | -$127.2M | – | – |
| Shareholders' equity | -$430.6M | $138.2M | $89.9M | $160.4M | $281.2M | $275.7M |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-07-06 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-28 | DEF 14A | Proxy statement |
| 2026-02-25 | 10-K | Annual report |
| 2026-02-25 | 8-K | Earnings release |
| 2026-01-12 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35