STAAR Surgical
Builds implantable lenses used in refractive surgery for vision correction.
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Profile
Sells EVO and Visian implantable Collamer lenses for refractive surgery, with revenue now centered on ICL products after cataract lenses were phased out. Commercial performance is international and shaped by China distributor inventory, surgeon training, regulatory approvals, and competition from laser vision-correction procedures.
Designs, manufactures, and sells implantable Collamer lenses and delivery systems for ophthalmic surgery, with current revenue concentrated in EVO and Visian ICL products for refractive correction. Cataract IOLs have been phased out as the product focus narrowed around ICLs.
Sells through an international refractive-surgery model that depends on trained surgeons, patient awareness, distributors in key markets, and regulatory approvals for each ICL variant. China, Japan, South Korea, and the United States are central disclosed markets, with China distributor inventory driving a recent reset and rebound.
Competes mainly against laser refractive procedures rather than close-copy lens products. Governance is also in transition after the failed Alcon merger process and the appointment of interim co-CEOs.
Company facts
Categories
Key statistics
Year to date −6.3% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | UBS | Target | $19 | $28 | ||
| Aug 13, 2026 | Jefferies | Reiterate | Hold | $60 | $28 | |
| Aug 13, 2026 | William Blair | Target | $45.03 | $33 | ||
| Aug 13, 2026 | UBS | Reiterate | Sell | $19 | ||
| May 14, 2026 | Mizuho Securities | Target | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.22 | $0.16 | −27.7% | $90.6M | $93.5M | +3.2% | −0.31% |
| May 13, 2026Q1 FY26 | $0.05 | $0.38 | +600.8% | $78.7M | $93.5M | +18.8% | +8.88% |
| Mar 3, 2026Q4 FY25 | $0.18 | −$0.20 | −211.1% | $75.0M | $57.8M | −22.9% | +1.59% |
| Nov 5, 2025Q3 FY25 | $0.18 | $0.46 | +155.6% | $75.5M | $94.7M | +25.4% | +5.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $42.6M | $44.3M | $94.7M | $57.8M | $93.5M | $93.5M | |
| Gross profit | $28.0M | $32.8M | $77.9M | $43.7M | $67.5M | $69.7M | |
| Operating income | −$57.4M | −$30.0M | $18.5M | −$10.9M | $17.4M | $10.1M | |
| Net income | −$54.2M | −$16.8M | $8.9M | −$18.3M | $5.2M | $8.1M | |
| Diluted EPS | −$1.10 | −$0.34 | $0.18 | −$0.36 | $0.10 | $0.16 | |
| Gross margin | 65.8% | 74.0% | 82.2% | 75.7% | 72.2% | 74.5% | |
| Operating margin | -134.8% | -67.6% | 19.5% | -18.9% | 18.6% | 10.8% |
Fiscal years (4-quarter sums)FY21 $230.5M · FY22 $284.4M · FY23 $322.4M · FY24 $313.9M · FY25 $239.4M
Balance sheet, Jul 3, 2026Cash & short-term investments $181.5M · Total debt $35.9M · Total assets $475.2M · Shareholders' equity $365.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 49.79M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Broadwood Partners, L.P. · director, 10 percent owner: | 32.25M | 64.77% | Form 4 | Mar 13, 2026 |
| Neal C. Bradsher | 16.15M | 32.60% | 13D | Mar 13, 2026 |
| Broadwood Capital Inc | 16.12M | 32.38% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 6.73M | 13.52% | 13F | Aug 7, 2026 |
| Madison Avenue Partners, LP | 4.18M | 8.39% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | Broadwood Partners, L.P. | director, 10 percent owner: | +54,764 | $17.52 |
| Mar 12, 2026 | Broadwood Partners, L.P. | director, 10 percent owner: | +299,432 | $18.12 |
| Mar 13, 2026 | Broadwood Partners, L.P. | director, 10 percent owner: | +316,017 | $18.62 |
| Jan 9, 2026 | Broadwood Partners, L.P. | 10 percent owner | +27,485 | $22.05 |
| Jan 6, 2026 | Broadwood Partners, L.P. | 10 percent owner | +336,946 | $21.62 |
Peers
- Alcon
Broad refractive laser substitute through WaveLight LASIK systems
- Bausch + Lomb
TENEO excimer LASIK platform and broad eye-health channel overlap
- Johnson & Johnson
LASIK and PRK overlap through iDESIGN and STAR S4 IR systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| STAAR Surgical | $22.11 | +0.02% | $1.10B | 276.4 | 36.1 | 3.2 | +111.0% |
| Alcon | $72.15 | +0.21% | $35.12B | 55.4 | 18.6 | 3.3 | +7.5% |
| Bausch + Lomb | $17.15 | 0.00% | $6.13B | — | 17.2 | 1.2 | +9.1% |
| Johnson & Johnson | $268.40 | +0.13% | $645.95B | 31.1 | 22.4 | 6.6 | +6.6% |
| Median | 43.2 | 18.6 | 3.3 | +7.5% |





