RxSight
Sells adjustable cataract lenses, light-delivery devices, and related service for ophthalmology practices.
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Profile
Commercializes the RxSight Light Adjustable Lens system for cataract surgery, combining LAL/LAL+ lenses with the Light Delivery Device and accessories. Revenue is driven mainly by recurring lens use after practices adopt the LDD, with commercial efforts centered on cataract surgeons in the United States and newer international launches.
Commercializes the RxSight Light Adjustable Lens system, a premium cataract technology built around LAL/LAL+ intraocular lenses, the Light Delivery Device, and related accessories and service. The lens is adjusted after implantation using programmed ultraviolet light delivered by the LDD.
Sales are concentrated on cataract practices in the United States, supported by direct device sales, account managers, clinical specialists, field service engineers, and marketing staff. Recent expansion has added launches or regulatory approvals in selected Asia-Pacific markets.
The model depends on LDD adoption translating into recurring LAL procedure volume. Larger premium intraocular-lens companies remain competitors, while Alcon is also a non-exclusive future-product partner. RxSight handles development and manufacturing and receives royalties, and Alcon leads global commercialization. FDA approvals, surgeon workflow adoption, installed-base productivity, and collaboration execution shape the pace of growth.
Company facts
Categories
Key statistics
Year to date −32.0% · Average volume (30d) 886.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Stifel Nicolaus | Target | $9 | $7 | ||
| Jul 28, 2026 | UBS | Target | $5.50 | |||
| Jul 7, 2026 | Jefferies | Target | $72 | $6.50 | ||
| May 7, 2026 | Needham | Reiterate | Buy | $13 | $11 | |
| Mar 9, 2026 | Stifel Nicolaus | Target | $10 | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.33 | −$0.29 | +12.0% | $32.5M | $33.7M | +3.7% | −3.34% |
| May 6, 2026Q1 FY26 | −$0.30 | −$0.38 | −27.1% | $29.8M | $30.9M | +3.8% | −14.45% |
| Feb 25, 2026Q4 FY25 | −$0.33 | −$0.22 | +34.3% | $30.2M | $32.6M | +8.1% | −10.10% |
| Nov 5, 2025Q3 FY25 | −$0.19 | −$0.04 | +78.9% | $32.6M | $30.3M | −6.9% | +3.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $37.9M | $33.6M | $30.3M | $32.6M | $30.9M | $33.7M | |
| Gross profit | $28.3M | $25.2M | $24.2M | $25.3M | $23.5M | $25.9M | |
| Operating income | −$10.7M | −$14.0M | −$12.2M | −$11.3M | −$17.8M | −$13.8M | |
| Net income | −$8.2M | −$11.8M | −$9.8M | −$9.2M | −$15.9M | −$12.1M | |
| Diluted EPS | −$0.20 | −$0.29 | −$0.24 | −$0.22 | −$0.38 | −$0.29 | |
| Gross margin | 74.8% | 74.9% | 79.9% | 77.5% | 76.1% | 76.7% | |
| Operating margin | -28.2% | -41.6% | -40.1% | -34.8% | -57.7% | -40.8% |
Fiscal years (4-quarter sums)FY21 $22.6M · FY22 $49.0M · FY23 $97.5M · FY24 $150.0M · FY25 $134.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $208.8M · Total debt $10.6M · Total assets $352.7M · Shareholders' equity $263.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 41.40M · Float 39.09M · 94.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock Portfolio Management LLC | 2.98M | 7.20% | 13G | Jul 17, 2026 |
| Point72 Asset Management, L.P. | 2.49M | 6.00% | 13G | Aug 19, 2026 |
| Millennium Management LLC | 2.06M | 4.97% | 13F | May 15, 2026 |
| Artisan Partners Asset Management Inc. | 2.06M | 5.00% | 13G | May 13, 2026 |
| Nomura Holdings Inc | 2.00M | 4.83% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Alcon
Largest premium-IOL rival and future adjustable-PCIOL partner
- Johnson & Johnson
TECNIS premium IOLs and surgical vision challenge LAL adoption
- Bausch + Lomb
enVista premium IOLs and cataract systems compete for surgeons
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RxSight | $7.07 | +0.17% | $291.8M | — | — | 2.3 | +0.3% |
| Alcon | $72.15 | +0.21% | $35.12B | 55.4 | 18.6 | 3.3 | +7.5% |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| Bausch + Lomb | $17.15 | 0.00% | $6.13B | — | 17.2 | 1.2 | +9.1% |
| Median | 43.2 | 18.6 | 3.3 | +7.5% |





