RxSight, Inc. RXST
RxSight, Inc. is a commercial-stage medical technology company dedicated to providing high-quality customized vision to patients following cataract surgery. Our proprietary RxSight® Light Adjustable Lens system ("RxSight system") is the first and only commercially available premium cataract technology that enables doctors to customize and optimize visual acuity for patients after surgery. The RxSight system is comprised of our RxSight Light Adjustable Lens®(LAL®/LAL+®, collectively the "LAL"), RxSight Light Delivery Device ("LDD") and related accessories. The LAL is a premium intraocular lens ("IOL") made from the proprietary silicone-based photosensitive material that undergoes controlled changes in refractive power when exposed to specific ultraviolet ("UV") light patterns generated by the LDD.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $134.5M | $139.9M | $89.1M | $49.0M | $22.6M | $14.7M | — |
| Cost of revenue | $31.5M | $41.0M | $35.3M | $27.7M | $18.1M | $13.0M | — |
| Gross profit | $103.0M | $98.9M | $53.8M | $21.3M | $4.5M | $1.7M | — |
| R&D | $38.5M | $34.4M | $29.1M | $26.0M | $24.5M | $21.9M | — |
| SG&A | $112.7M | $101.4M | $74.8M | $58.7M | $32.8M | $15.2M | — |
| Total operating expenses | $151.2M | $135.8M | $103.8M | $84.6M | $57.3M | $37.1M | — |
| Operating income | -$48.2M | -$36.9M | -$50.1M | -$63.3M | -$52.8M | -$35.4M | — |
| Interest expense | $19.0K | $21.0K | $3.3M | $4.9M | $3.7M | $510.0K | — |
| Pre-tax income | -$38.9M | -$27.4M | -$48.6M | -$66.7M | -$48.7M | $27.6M | — |
| Income tax | $66.0K | $50.0K | $20.0K | $9.0K | $8.0K | $57.0K | — |
| Net income | -$39 | -$28 | -$49 | -$67 | -$48.7M | $27.6M | — |
| EPS, basic | -0.95 | -0.71 | -1.41 | -2.41 | -3.57 | 0.91 | — |
| EPS, diluted | -0.95 | -0.71 | -1.41 | -2.41 | -3.57 | 0.15 | — |
| Shares, diluted (wtd. avg.) | 40.9M | 38.9M | 34.5M | 27.7M | 13.6M | 5.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $19.9M | $16.7M | $10.4M | $12.6M | $25.2M | $14.5M | $8.8M |
| Short-term investments | $208.2M | $220.5M | $117.5M | $94.0M | $135.0M | $55.0M | — |
| Receivables | $23.4M | $30.1M | $20.3M | $11.0M | $4.9M | $2.9M | — |
| Inventory | $31.6M | $22.0M | $17.4M | $14.8M | $8.0M | $8.3M | — |
| Total current assets | $287.5M | $293.8M | $168.4M | $134.6M | $176.3M | $81.5M | — |
| Property, plant and equipment | $13.1M | $12.4M | $10.8M | $10.1M | $11.2M | $13.3M | — |
| Total assets | $311.8M | $318.6M | $182.6M | $150.2M | $192.7M | $100.7M | — |
| Accounts payable | $5.3M | $4.5M | $3.9M | $2.6M | $1.7M | $1.1M | — |
| Total current liabilities | $26.3M | $25.9M | $20.9M | $17.2M | $11.1M | $11.6M | — |
| Long-term debt | — | — | $0 | $40.2M | $39.8M | $24.4M | — |
| Total liabilities | $36.1M | $37.3M | $22.2M | $60.3M | $54.5M | $44.9M | — |
| Retained earnings | -$661.0M | -$622.1M | -$594.6M | -$546.0M | -$479.3M | -$430.6M | — |
| Total equity | $275.7M | $281.2M | $160.4M | $89.9M | $138.2M | -$430.6M | -$419.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.5M | -$16.9M | -$41.6M | -$58.9M | -$44.7M | -$35.2M | — |
| Depreciation and amortisation | $3.3M | $3.6M | $4.1M | $3.9M | $4.0M | $3.9M | — |
| Stock-based compensation | $31.6M | $24.6M | $15.7M | $11.4M | $7.6M | $4.2M | — |
| Capital expenditure | $3.8M | $5.4M | $4.8M | $2.4M | $1.9M | $2.5M | — |
| Investing cash flow | $16.9M | -$99.3M | -$22.1M | $40.0M | -$81.9M | $15.6M | — |
| Financing cash flow | $1.9M | $123.3M | $61.5M | $6.3M | $137.3M | $25.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187240.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $14.7M | $22.6M | $49.0M | $89.1M | $139.9M | $134.5M |
| Gross profit | — | $1.7M | $4.5M | $21.3M | $53.8M | $98.9M | $103.0M |
| Net income | — | $27.6M | -$48.7M | -$67 | -$49 | -$28 | -$39 |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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