Sight Sciences, Inc.
SGHT· Nasdaq· Surgical & Medical Instruments & Apparatus
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -38.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +22.9%
We record prices for the companies we cover; SGHT is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 52.1M
- Revenue
- $77.4M
- Free cash flow
- -$29.9M
- Owner earnings
- -$43.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 86.2%
- Operating
- -48.0%
- Net
- -49.7%
- Free cash flow
- -38.7%
- Owner earnings
- -55.5%
- Stock pay
- 16.9%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -60.1%
- ROE, 5 yr avg
- -49.2%
Growth (CAGR)
- Revenue, 3 yr
- 2.7%
- Revenue, 5 yr
- 22.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $92.0M
- Total debt
- $40.3M
- Net cash
- $51.7M
- Debt/Equity
- 0.6x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$77.4M
+22.9% a year over 5 years
FY2020FY2025
Margins
Gross86.2%Operating-48.0%Net-49.7%
FY2025
FY2020FY2025
Free cash flow and owner earnings
Free cash flow-$29.9MOwner earnings-$43.0M
FY2025
FY2020FY2025
Diluted shares
52.1M
+95.1% over 5 years, net dilution
FY2020FY2025
Net cash
$51.7M
$51.7M more cash than debt
FY2020FY2025
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| The business | ||||||
| Revenue | $27.6M | $49.0M | $71.3M | $81.1M | $79.9M | $77.4M |
| Revenue growth | – | 77.1% | 45.7% | 13.6% | -1.5% | -3.1% |
| Gross margin | 66.7% | 82.4% | 82.7% | 85.3% | 85.5% | 86.2% |
| Operating margin | -116.5% | -105.2% | -117.7% | -70.7% | -63.3% | -48.0% |
| Net income | -$34.7M | -$63.0M | -$86.2M | -$55.5M | -$51.5M | -$38.4M |
| Net margin | -125.5% | -128.6% | -120.9% | -68.5% | -64.5% | -49.7% |
| Diluted EPS | – | $-2.36 | $-1.80 | $-1.14 | $-1.03 | $-0.74 |
| Return on invested capital? | – | – | – | – | – | – |
| Cash | ||||||
| Operating cash flow | -$32.2M | -$52.5M | -$76.0M | -$47.2M | -$22.4M | -$29.7M |
| Capital expenditure | $953.0K | $813.0K | $970.0K | $791.0K | $385.0K | $224.0K |
| Free cash flow | -$33.1M | -$53.4M | -$76.9M | -$48.0M | -$22.7M | -$29.9M |
| Stock-based compensation | $497.0K | $5.1M | $13.0M | $14.6M | $17.1M | $13.1M |
| Owner earnings? | -$33.6M | -$58.4M | -$89.9M | -$62.6M | -$39.8M | -$43.0M |
| Free cash flow per share | – | $-2.00 | $-1.61 | $-0.99 | $-0.45 | $-0.57 |
| Capital allocation | ||||||
| Dividends paid | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – |
| Diluted shares | – | 26.7M | 47.8M | 48.6M | 50.1M | 52.1M |
| Share count change? | – | – | 79.0% | 1.6% | 3.1% | 4.0% |
| Balance sheet | ||||||
| Cash and equivalents | $61.5M | $260.7M | $185.0M | $138.1M | $120.4M | $92.0M |
| Short-term investments | – | – | – | – | – | – |
| Total debt | $32.0M | $32.7M | $33.3M | $33.9M | $39.4M | $40.3M |
| Net debt | -$29.6M | -$228.0M | -$151.7M | -$104.2M | -$81.0M | -$51.7M |
| Shareholders' equity | -$88.8M | $232.1M | $160.1M | $120.2M | $87.5M | $63.9M |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-22 | DEF 14A | Proxy statement |
| 2026-03-04 | 10-K | Annual report |
| 2026-03-04 | 8-K | Earnings release |
| 2026-01-13 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
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
