SGHT · NASDAQ · Medical - Devices

Sight Sciences

Develops interventional devices for glaucoma surgery and dry eye treatment.

$8.55
After-hours close+0.02 (+0.23%)
At close$8.53(+1.43%)
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Profile

Sight Sciences, Inc.SGHTHealth Care

Sells OMNI and SION devices for interventional glaucoma and TearCare for evaporative dry eye. Revenue is concentrated in the United States and mainly comes from glaucoma products sold to hospitals, medical centers, and eyecare professionals.

Built around interventional ophthalmic procedures, the business sells OMNI products, including OMNI Edge and Ergo Series systems, plus the SION Surgical Instrument for glaucoma procedures. TearCare and related components address evaporative dry eye linked to meibomian gland dysfunction.

Sales are concentrated in the United States, primarily through representatives and distributors serving hospitals, medical centers, and eyecare professionals. The commercial base is anchored by glaucoma products, while dry eye remains tied to broader reimbursement and market-access work.

Execution depends on physician training, practice patterns, patient selection, and payer coverage for the relevant procedures. Competition includes other MIGS products and dry-eye treatment systems, so adoption is shaped by clinical workflow, reimbursement timing, and new product activity.

Company facts

CEOPaul Badawi
ListedJul 15, 2021
ExchangeNASDAQ
HeadquartersMenlo Park, CA
CountryUnited States
Employees186
CIK0001531177
ISINUS82657M1053

Key statistics

Market cap$465.2M
EPS (ttm)−$0.5584
P/E (ttm)−15.31
ROE-50.6%
P/B8.81
P/S5.58
Dividend yield
Beta1.82vs XLV 1.07

Year to date +14.0% · Average volume (30d) 267.7K

Analysts

Price target, next 12 months$7.50−12.3%Median of 9 analysts · vs the Aug 28 close
ConsensusBuy4 of 9 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 28, 2026UBSTarget$12$7
Mar 2, 2026Cantor FitzgeraldTarget$8
Jan 5, 2026Piper SandlerUpgradeNeutralOverweight$4$9
Jan 5, 2026Raymond JamesTarget$9
Dec 22, 2025UBSTarget$12

Earnings

EPS

Estimate−$0.13
ReportedDue Nov 5, 2026

Revenue

Estimate$23.6M
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 5, 2026Q2 FY26−$0.18−$0.08+56.4%$21.7M$23.4M+7.7%+27.75%
May 6, 2026Q1 FY26−$0.19−$0.16+15.8%$18.5M$19.7M+6.7%+23.02%
Mar 4, 2026Q4 FY25−$0.15−$0.08+46.7%$20.3M$20.4M+0.2%−26.80%
Nov 6, 2025Q3 FY25−$0.26−$0.16+38.5%$20.4M$19.9M−2.2%+16.40%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$17.5M$19.6M$19.9M$20.4M$19.7M$23.4M
Gross profit$15.1M$16.6M$17.2M$17.8M$17.0M$21.4M
Operating income−$13.9M−$11.7M−$7.9M−$3.7M−$12.4M−$3.9M
Net income−$14.2M−$11.9M−$8.2M−$4.2M−$13.0M−$4.4M
Diluted EPS−$0.28−$0.23−$0.16−$0.08−$0.24−$0.08
Gross margin86.2%84.8%86.4%87.3%86.2%91.4%
Operating margin-79.2%-59.6%-39.7%-18.0%-63.0%-16.6%

Fiscal years (4-quarter sums)FY21 $49.0M · FY22 $71.3M · FY23 $81.1M · FY24 $79.9M · FY25 $77.4M

Revenue by product · Q2 FY26

Surgical Glaucoma$20.7M · 89%
Dry Eye$2.7M · 11%

Balance sheet, Jun 30, 2026Cash & short-term investments $79.8M · Total debt $42.0M · Total assets $104.9M · Shareholders' equity $52.9M

Dividends

No dividends on record.

Ownership

Institutions 41.40%22.52M sharesInsiders 33.21%18.07M sharesOther 25.39%13.82M shares

Shares outstanding 54.41M · Float 35.12M · 64.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Staffan Encrantz · director, 10 percent owner: 6.52M11.99%Form 4Jun 11, 2026
Paul Badawi · director, 10 percent owner, officer: President and CEO6.12M11.25%Form 4Jul 6, 2026
Long Focus Capital Management, LLC3.59M6.61%13FMay 15, 2026
BlackRock, Inc.2.83M5.20%13FMay 13, 2026
Pathstone Holdings, LLC2.40M4.41%13FMay 11, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 1, 2026Paul Badawidirector, 10 percent owner, officer: President and CEO−28,684$5.42
Jul 2, 2026Alison Bauerleinofficer: Chief Operating Officer−24,184$5.36
Jul 1, 2026Brenton Taylorofficer: EVP, Operations & R&D−2,829$5.42
Jul 6, 2026David Badawidirector, officer: Chief Technology Officer−7,418$5.51
Jul 2, 2026James Rodbergofficer: Chief Financial Officer−6,902$5.36
View details

Peers

  • Glaukos

    MIGS stents and sustained glaucoma implants

  • Alcon

    Hydrus and iLux span glaucoma and dry-eye procedures

  • AbbVie

    XEN, Durysta, and Restasis challenge eye-care adoption

  • National Vision

    Canaloplasty devices closest to OMNI's implant-free lane

  • Johnson & Johnson

    LipiFlow is a direct MGD procedure alternative

  • Bausch + Lomb

    Prescription dry-eye drugs pressure TearCare's alternatives

CompareAfter-hours close

CompanyPriceChange
Sight Sciences$8.55+0.23%$465.2M5.6+19.6%
Glaukos$179.87−0.01%$10.61B1,404.117.3+49.5%
Alcon$72.15+0.21%$35.12B55.418.63.3+7.5%
AbbVie$255.80+0.13%$451.38B72.016.87.0+10.2%
National Vision$17.38+0.06%$1.39B28.416.10.7+2.6%
Johnson & Johnson$268.40+0.13%$645.95B31.122.46.6+6.6%
Bausch + Lomb$17.150.00%$6.13B17.21.2+9.1%
Median43.217.94.9+8.3%