Rail Vision Ltd. (RVSN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RVSN SEC filings page.
Rail Vision Ltd. (RVSN) reported $1.5M in revenue for fiscal year 2025, up 14.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rail Vision remains a development-stage business: revenue is growing, but research investment and operating losses dominate its economics.
In FY2025, operating cash flow of-$9.1M was close to an operating loss of$11.7M , so reported losses largely translate into cash use. With capital expenditures of only$125K , the cash drain reflects ongoing operations more than heavy reinvestment.
Revenue rose
Liabilities were
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rail Vision Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rail Vision Ltd. held $20.0M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $9.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Rail Vision Ltd. scores 54/100 among other emerging companies.
Rail Vision Ltd. had 2M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Rail Vision Ltd. scores 79/100 among other emerging companies.
Rail Vision Ltd. spent $6.9M on research and development in fiscal year 2025, which was 51.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Rail Vision Ltd. scores 77/100 among other emerging companies.
Rail Vision Ltd. reported revenue of $1.5M in fiscal year 2025, against $1.3M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Rail Vision Ltd. scores 93/100 among other emerging companies.
Rail Vision Ltd.'s operations used $9.1M of cash in fiscal year 2025, against $9.7M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Rail Vision Ltd. scores 54/100 among other emerging companies.
Rail Vision Ltd.'s cash, cash equivalents and investments came to $20.0M at the end of fiscal year 2025, against $2.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Rail Vision Ltd. scores 95/100 among other emerging companies.
Rail Vision Ltd. scores -5.46, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $107.8M against total assets of $22.5M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rail Vision Ltd. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Rail Vision Ltd. reported a net loss of $11.1M while operations used $9.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Rail Vision Ltd. generated $1.5M in revenue in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Rail Vision Ltd.'s EBITDA was -$11.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Rail Vision Ltd. reported a net loss of $11.1M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Rail Vision Ltd. recorded an outflow of $9.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Rail Vision Ltd. held $20.0M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Rail Vision Ltd.'s gross margin was 37.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Rail Vision Ltd.'s ROE was -54.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 118.9 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Rail Vision Ltd. invested $6.9M in research and development in fiscal year 2025. This represents an increase of 30.0% from the prior year.
Rail Vision Ltd. invested $125K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 316.7% from the prior year.
Not reported for fiscal year 2025.
RVSN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Revenue | $1.5M+14.4% | $1.3M+815.5% | $142K-66.3% | $421K-52.6% | $888K | N/A | N/A |
| Cost of Revenue | $935K+10.0% | $850K+1293.4% | $61K-95.6% | $1.4M+113.1% | $657K | N/A | N/A |
| Gross Profit | $552K+22.7% | $450K+455.6% | $81Kn/m | -$240K-203.9% | $231K | N/A | N/A |
| R&D Expenses | $6.9M+30.0% | $5.3M-26.1% | $7.1M+14.7% | $6.2M-13.6% | $7.2M0.0% | $7.2M+0.7% | $7.2M |
| SG&A Expenses | $5.4M+29.9% | $4.2M-3.8% | $4.3M+1.7% | $4.3M+28.6% | $3.3M-5.3% | $3.5M+21.1% | $2.9M |
| Operating Income | -$11.7Mn/m | -$9.0Mn/m | -$11.4Mn/m | -$10.7Mn/m | -$10.3Mn/m | -$10.7Mn/m | -$10.0M |
| EBITDA | -$11.6Mn/m | -$8.9Mn/m | -$11.2Mn/m | -$10.7Mn/m | -$10.3Mn/m | -$10.6Mn/m | -$10.0M |
| Income Tax | N/A | N/A | N/A | N/A | $2.4M-4.5% | $2.5M+6.8% | $2.3M |
| Net Income | -$11.1Mn/m | -$30.7Mn/m | -$11.1Mn/m | -$10.5Mn/m | -$10.2Mn/m | -$10.7Mn/m | -$10.0M |
| EPS (Basic) | -$6.15 | -$55.41 | -$129.26 | -$5.91 | -$8.94 | -$1.17n/m | -$1.25 |
| EPS (Diluted) | -$6.15 | -$55.41 | -$129.26 | -$5.91 | -$8.94 | -$1.17 | N/A |
| Diluted Shares (Avg) | 2M | 554,185 | 86,243 | 2M | 1M | 9M | N/A |
Not reported in any period shown, so not listed: Interest Expense.
RVSN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Total Assets | $22.5M+9.4% | $20.6M+247.9% | $5.9M-43.2% | $10.4M+136.5% | $4.4M-50.8% | $9.0M | N/A |
| Current Assets | $22.0M+11.6% | $19.7M+328.1% | $4.6M-47.9% | $8.8M+266.8% | $2.4M-67.1% | $7.3M | N/A |
| Cash & Equivalents | $20.0M+15.8% | $17.2M+462.2% | $3.1M-62.9% | $8.3M+401.5% | $1.6M-75.6% | $6.7M-27.4% | $9.3M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $1.2M-7.4% | $1.3M+33.5% | $977K | N/A | N/A | N/A | N/A |
| Accounts Receivable | $215K-56.6% | $495K | N/A | $115K | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Total Liabilities | $2.2M-23.7% | $2.9M-7.6% | $3.1M+44.6% | $2.2M-83.0% | $12.7M+57.9% | $8.1M | N/A |
| Current Liabilities | $2.2M-17.5% | $2.7M+2.6% | $2.6M+90.7% | $1.4M-11.8% | $1.6M-29.1% | $2.2M | N/A |
| Non-Current Liabilities | $0-100.0% | $217K-58.6% | $524K-34.3% | $798K-92.9% | $11.2M+90.4% | $5.9M | N/A |
| Total Equity | $20.3M+14.9% | $17.7M+535.2% | $2.8M-66.3% | $8.3Mn/m | -$8.3M-1018.1% | $907K-90.6% | $9.7M |
| Retained Earnings | -$107.8Mn/m | -$96.7Mn/m | -$66.0Mn/m | -$54.8Mn/m | -$44.3Mn/m | -$34.1M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
RVSN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9.1Mn/m | -$9.7Mn/m | -$10.5Mn/m | -$10.0Mn/m | -$9.9Mn/m | -$7.2Mn/m | -$8.2M |
| Depreciation & Amortization | $132K-10.8% | $148K-13.5% | $171K+755.0% | $20K+81.8% | $11K-83.6% | $67K+294.1% | $17K |
| Stock-Based Compensation | $1.5M+266.8% | $398K+45.8% | $273K-45.9% | $505K-52.1% | $1.1M-53.7% | $2.3M+68.1% | $1.4M |
| Capital Expenditures | $125K+316.7% | $30K-80.3% | $152K+424.1% | $29K-89.4% | $273K+123.8% | $122K-19.7% | $152K |
| Free Cash Flow | -$9.2Mn/m | -$9.7Mn/m | -$10.7Mn/m | -$10.0Mn/m | -$10.2Mn/m | -$7.3Mn/m | -$8.4M |
| Investing Cash Flow | -$125Kn/m | -$30Kn/m | -$152Kn/m | -$29Kn/m | -$273Kn/m | -$122Kn/m | -$152K |
| Financing Cash Flow | $11.8M-50.7% | $23.9M+343.2% | $5.4M-67.6% | $16.7M+224.8% | $5.1M+3.3% | $5.0M-63.0% | $13.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RVSN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|---|
| Gross Margin | 37.1%+2.5pp | 34.6%-22.4pp | 57.0%+114.1pp | -57.0%-83.0pp | 26.0% | N/A | N/A |
| Operating Margin | -789.2% | -692.6% | -8030.3% | -2549.9% | -1159.1% | N/A | N/A |
| Net Margin | -746.5% | -2362.2% | -7850.7% | -2488.1% | -1150.9% | N/A | N/A |
| Return on Equity | -54.6%+118.9pp | -173.5%+226.5pp | -400.0%-273.3pp | -126.7% | N/A | -1180.5%-1076.7pp | -103.8% |
| Return on Assets | -49.2%+99.8pp | -149.1%+39.2pp | -188.3%-87.9pp | -100.4%+131.3pp | -231.7%-112.4pp | -119.3% | N/A |
| Current Ratio | 9.96+2.6x | 7.36+5.6x | 1.76-4.7x | 6.45+4.9x | 1.55-1.8x | 3.34 | N/A |
| Liabilities-to-Equity | 0.11-0.1x | 0.16-1.0x | 1.12+0.9x | 0.26 | N/A | 8.89 | N/A |
| Asset Turnover | 0.070.0x | 0.060.0x | 0.020.0x | 0.04-0.2x | 0.20 | N/A | N/A |
| FCF Margin | -621.9% | -747.1% | -7514.1% | -2377.7% | -1151.0% | N/A | N/A |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rail Vision Ltd. RVSN | FY2025 | $1.5M | -$11.1M | N/A | $6.7M | 75/100 |
| Swvl Holdings Corp SWVL | FY2025 | $24.2M | $1.3M | 5.4% | $40.4M | 30/100 |
| FreightCar America, Inc. RAIL | FY2025 | $501.0M | $36.9M | 7.4% | $137.2M | 55/100 |
| Foster (Lb) Co FSTR | FY2025 | $540.0M | $7.5M | 1.4% | $381.0M | 43/100 |
| The Greenbrier Companies, Inc. GBX | FY2026 | $2.5B | $79.0M | 3.2% | $1.2B | 22/100 |
| CVD Equipment Corp. CVV | FY2025 | $25.8M | -$1.6M | -6.2% | $28.8M | 49/100 |
Where Rail Vision Ltd. Ranks
Frequently Asked Questions
What is Rail Vision Ltd.'s annual revenue?
Rail Vision Ltd. (RVSN) reported $1.5M in total revenue for fiscal year 2025. This represents a 14.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rail Vision Ltd.'s revenue growing?
Rail Vision Ltd. (RVSN) revenue grew by 14.4% year-over-year, from $1.3M to $1.5M in fiscal year 2025.
Is Rail Vision Ltd. profitable?
No, Rail Vision Ltd. (RVSN) reported a net loss of $11.1M in fiscal year 2025.
What is Rail Vision Ltd.'s EBITDA?
Rail Vision Ltd. (RVSN) had EBITDA of -$11.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rail Vision Ltd.'s gross margin?
Rail Vision Ltd. (RVSN) had a gross margin of 37.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rail Vision Ltd.'s return on equity (ROE)?
Rail Vision Ltd. (RVSN) has a return on equity of -54.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rail Vision Ltd.'s free cash flow?
Rail Vision Ltd. (RVSN) recorded an outflow of $9.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rail Vision Ltd.'s operating cash flow?
Rail Vision Ltd. (RVSN) recorded an outflow of $9.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Rail Vision Ltd.'s total assets?
Rail Vision Ltd. (RVSN) had $22.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rail Vision Ltd.'s capital expenditures?
Rail Vision Ltd. (RVSN) invested $125K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rail Vision Ltd. spend on research and development?
Rail Vision Ltd. (RVSN) invested $6.9M in research and development during fiscal year 2025.
What is Rail Vision Ltd.'s current ratio?
Rail Vision Ltd. (RVSN) had a current ratio of 9.96 as of fiscal year 2025, which is generally considered healthy.
What is Rail Vision Ltd.'s liabilities-to-equity ratio?
Rail Vision Ltd. (RVSN) had a liabilities-to-equity ratio of 0.11 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Rail Vision Ltd.'s return on assets (ROA)?
Rail Vision Ltd. (RVSN) had a return on assets of -49.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rail Vision Ltd.'s P/E ratio?
Rail Vision Ltd. (RVSN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $6.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Rail Vision Ltd.'s price-to-sales ratio?
Rail Vision Ltd. (RVSN) trades at 4.5x sales, its market capitalization divided by $1.5M revenue, FY2025. The market capitalization is $6.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Rail Vision Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Rail Vision Ltd. (RVSN) held $20.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $9.1M over that year. Dividing the one by the other, the reported balance equals about 26 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Rail Vision Ltd.'s Altman Z-Score?
Rail Vision Ltd. (RVSN) has an Altman Z-Score of -5.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rail Vision Ltd.'s Piotroski F-Score?
Rail Vision Ltd. (RVSN) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rail Vision Ltd.'s earnings high quality?
Rail Vision Ltd. (RVSN) reported a net loss of $11.1M while operations used $9.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Rail Vision Ltd.?
Rail Vision Ltd. (RVSN) scores 75 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.