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Sight Sciences, Inc. Financials

SGHT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Sight Sciences, Inc. (SGHT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Profile 36/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

Sight Sciences, Inc. has an operating margin of -47.9%, meaning the company retains $-48 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -63.3% the prior year.

Growth
28

Sight Sciences, Inc.'s revenue declined 3.1% year-over-year, from $79.9M to $77.4M. This contraction results in a growth score of 28/100.

Leverage
89

Sight Sciences, Inc. carries a low D/E ratio of 0.63, meaning only $0.63 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 10.22, Sight Sciences, Inc. holds $10.22 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
0

While Sight Sciences, Inc. generated -$29.7M in operating cash flow, capex of $224K consumed most of it, leaving -$29.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Sight Sciences, Inc. generates a -60.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -58.9% the prior year.

Piotroski F-Score Neutral
5/9

Sight Sciences, Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.77x

For every $1 of reported earnings, Sight Sciences, Inc. generates $0.77 in operating cash flow (-$29.7M OCF vs -$38.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-7.2x

Sight Sciences, Inc. earns $-7.2 in operating income for every $1 of interest expense (-$37.1M vs $5.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$77.4M
YoY-3.1%
5Y CAGR+22.9%

Sight Sciences, Inc. generated $77.4M in revenue in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

EBITDA
-$36.6M
YoY+26.5%

Sight Sciences, Inc.'s EBITDA was -$36.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.5% from the prior year.

Net Income
-$38.4M
YoY+25.4%

Sight Sciences, Inc. reported -$38.4M in net income in fiscal year 2025. This represents an increase of 25.4% from the prior year.

EPS (Diluted)
$-0.74
YoY+28.2%

Sight Sciences, Inc. earned $-0.74 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$29.9M
YoY-31.6%

Sight Sciences, Inc. generated -$29.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.6% from the prior year.

Cash & Debt
$92.0M
YoY-23.6%
5Y CAGR+8.4%

Sight Sciences, Inc. held $92.0M in cash against $40.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
53M
YoY+5.0%

Sight Sciences, Inc. had 53M shares outstanding in fiscal year 2025. This represents an increase of 5.0% from the prior year.

Margins & Returns

Gross Margin
86.2%
YoY+0.7pp
5Y CAGR+19.5pp

Sight Sciences, Inc.'s gross margin was 86.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin
-47.9%
YoY+15.3pp
5Y CAGR+68.5pp

Sight Sciences, Inc.'s operating margin was -47.9% in fiscal year 2025, reflecting core business profitability. This is up 15.3 percentage points from the prior year.

Net Margin
-49.7%
YoY+14.8pp
5Y CAGR+75.9pp

Sight Sciences, Inc.'s net profit margin was -49.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 14.8 percentage points from the prior year.

Return on Equity
-60.1%
YoY-1.2pp

Sight Sciences, Inc.'s ROE was -60.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$14.6M
YoY-18.8%
5Y CAGR+10.5%

Sight Sciences, Inc. invested $14.6M in research and development in fiscal year 2025. This represents a decrease of 18.8% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$224K
YoY-41.8%
5Y CAGR-25.1%

Sight Sciences, Inc. invested $224K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.8% from the prior year.

SGHT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $20.4M+2.4% $19.9M+1.7% $19.6M+11.7% $17.5M-8.2% $19.1M-5.4% $20.2M-5.7% $21.4M+10.9% $19.3M
Cost of Revenue $2.6M-4.1% $2.7M-9.0% $3.0M+23.3% $2.4M-3.9% $2.5M-22.7% $3.3M+7.4% $3.0M+8.3% $2.8M
Gross Profit $17.8M+3.4% $17.2M+3.7% $16.6M+9.9% $15.1M-8.9% $16.6M-2.0% $16.9M-7.8% $18.3M+11.4% $16.5M
R&D Expenses $2.4M-27.3% $3.4M-23.6% $4.4M-1.0% $4.4M+3.2% $4.3M-9.5% $4.7M+10.0% $4.3M-6.9% $4.6M
SG&A Expenses $19.0M-12.6% $21.8M-8.9% $23.9M-2.7% $24.5M+1.3% $24.2M+3.5% $23.4M-12.3% $26.7M+0.5% $26.6M
Operating Income -$3.7M+53.6% -$7.9M+32.2% -$11.7M+15.8% -$13.9M-16.2% -$11.9M-6.2% -$11.2M+11.2% -$12.7M+14.1% -$14.7M
Interest Expense $1.3M-1.3% $1.3M+1.7% $1.3M+1.7% $1.3M+8.7% $1.2M+1.0% $1.2M+0.5% $1.1M-4.9% $1.2M
Income Tax $8K+110.1% -$79K-297.5% $40K-2.4% $41K+7.9% $38K-77.1% $166K+1006.7% $15K-11.8% $17K
Net Income -$4.2M+49.1% -$8.2M+31.6% -$11.9M+15.6% -$14.2M-19.5% -$11.8M-7.0% -$11.1M+10.2% -$12.3M+24.2% -$16.3M
EPS (Diluted) N/A $-0.16+30.4% $-0.23+17.9% $-0.28 N/A $-0.22+12.0% $-0.25+24.2% $-0.33

SGHT Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $115.3M-0.8% $116.3M-4.7% $122.0M-5.9% $129.7M-9.2% $142.8M-0.5% $143.6M-4.1% $149.7M-3.8% $155.6M
Current Assets $112.7M-0.8% $113.6M-4.9% $119.4M-5.9% $126.9M-9.2% $139.8M-0.5% $140.5M-4.0% $146.3M-3.8% $152.1M
Cash & Equivalents $92.0M-0.4% $92.4M-9.0% $101.5M-6.7% $108.8M-9.6% $120.4M+1.5% $118.6M+0.3% $118.2M-7.2% $127.3M
Inventory $7.8M-2.7% $8.0M+28.5% $6.2M+7.0% $5.8M-8.2% $6.3M+3.8% $6.1M-10.2% $6.8M-1.3% $6.9M
Accounts Receivable $9.7M0.0% $9.7M+1.4% $9.6M+2.0% $9.4M-12.6% $10.8M-16.6% $12.9M-35.1% $19.9M+27.3% $15.6M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $51.4M-1.2% $52.0M0.0% $52.0M-0.2% $52.1M-5.9% $55.3M+13.7% $48.6M+1.2% $48.1M+3.7% $46.4M
Current Liabilities $11.0M-6.8% $11.8M-0.9% $11.9M-1.5% $12.1M-21.6% $15.5M+12.1% $13.8M+3.8% $13.3M+13.6% $11.7M
Long-Term Debt $40.3M+0.6% $40.1M+0.6% $39.8M+0.6% $39.6M+0.6% $39.4M+15.2% $34.2M+1.1% $33.8M+0.2% $33.7M
Total Equity $63.9M-0.5% $64.3M-8.2% $70.0M-9.8% $77.6M-11.3% $87.5M-7.8% $95.0M-6.6% $101.6M-6.9% $109.2M
Retained Earnings -$384.7M-1.1% -$380.6M-2.2% -$372.4M-3.3% -$360.5M-4.1% -$346.3M-3.5% -$334.5M-3.4% -$323.4M-4.0% -$311.1M

SGHT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$1.8M+79.0% -$8.7M-15.6% -$7.5M+35.0% -$11.6M-235.5% -$3.5M-1055.5% $362K+103.8% -$9.5M+3.2% -$9.8M
Capital Expenditures -$156K-191.8% $170K-19.0% $210K $0-100.0% $137K+168.6% $51K-36.3% $80K-31.6% $117K
Free Cash Flow -$2.0M+77.7% -$8.9M-14.7% -$7.8M+33.2% -$11.6M-222.7% -$3.6M-1256.3% $311K+103.3% -$9.5M+3.6% -$9.9M
Investing Cash Flow $156K+191.8% -$170K+19.0% -$210K $0+100.0% -$137K-168.6% -$51K+36.3% -$80K+31.6% -$117K
Financing Cash Flow $1.3M+4960.0% $25K-94.8% $485K+2931.3% $16K-99.7% $5.4M+6990.8% $76K-82.8% $441K+146.8% -$942K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SGHT Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 87.3%+0.9pp 86.4%+1.6pp 84.8%-1.4pp 86.2%-0.6pp 86.8%+2.9pp 83.9%-2.0pp 85.8%+0.3pp 85.5%
Operating Margin -18.0%+21.7pp -39.7%+19.9pp -59.6%+19.5pp -79.2%-16.6pp -62.5%-6.8pp -55.7%+3.5pp -59.2%+17.2pp -76.4%
Net Margin -20.4%+20.6pp -41.0%+20.0pp -61.0%+19.8pp -80.8%-18.7pp -62.1%-7.2pp -54.9%+2.8pp -57.7%+26.7pp -84.4%
Return on Equity -6.5%+6.2pp -12.7%+4.4pp -17.1%+1.2pp -18.2%-4.7pp -13.5%-1.9pp -11.7%+0.5pp -12.1%+2.8pp -14.9%
Return on Assets -3.6%+3.4pp -7.0%+2.8pp -9.8%+1.1pp -10.9%-2.6pp -8.3%-0.6pp -7.7%+0.5pp -8.2%+2.2pp -10.5%
Current Ratio 10.22+0.6 9.60-0.4 10.01-0.5 10.47+1.4 9.04-1.1 10.18-0.8 11.01-2.0 13.01
Debt-to-Equity 0.630.0 0.62+0.1 0.57+0.1 0.51+0.1 0.45+0.1 0.36+0.0 0.33+0.0 0.31
FCF Margin -9.7%+34.9pp -44.6%-5.0pp -39.6%+26.6pp -66.3%-47.4pp -18.9%-20.4pp 1.5%+46.2pp -44.7%+6.7pp -51.4%

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Frequently Asked Questions

Sight Sciences, Inc. (SGHT) reported $77.4M in total revenue for fiscal year 2025. This represents a -3.1% 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.

Sight Sciences, Inc. (SGHT) revenue declined by 3.1% year-over-year, from $79.9M to $77.4M in fiscal year 2025.

No, Sight Sciences, Inc. (SGHT) reported a net income of -$38.4M in fiscal year 2025, with a net profit margin of -49.7%.

Sight Sciences, Inc. (SGHT) reported diluted earnings per share of $-0.74 for fiscal year 2025. This represents a 28.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sight Sciences, Inc. (SGHT) had EBITDA of -$36.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Sight Sciences, Inc. (SGHT) had $92.0M in cash and equivalents against $40.3M in long-term debt.

Sight Sciences, Inc. (SGHT) had a gross margin of 86.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Sight Sciences, Inc. (SGHT) had an operating margin of -47.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Sight Sciences, Inc. (SGHT) had a net profit margin of -49.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Sight Sciences, Inc. (SGHT) has a return on equity of -60.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Sight Sciences, Inc. (SGHT) generated -$29.9M in free cash flow during fiscal year 2025. This represents a -31.6% change compared to the previous fiscal year. 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.

Sight Sciences, Inc. (SGHT) generated -$29.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Sight Sciences, Inc. (SGHT) had $115.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Sight Sciences, Inc. (SGHT) invested $224K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Sight Sciences, Inc. (SGHT) invested $14.6M in research and development during fiscal year 2025.

Sight Sciences, Inc. (SGHT) had 53M shares outstanding as of fiscal year 2025.

Sight Sciences, Inc. (SGHT) had a current ratio of 10.22 as of fiscal year 2025, which is generally considered healthy.

Sight Sciences, Inc. (SGHT) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sight Sciences, Inc. (SGHT) had a return on assets of -33.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Sight Sciences, Inc. (SGHT) had $92.0M in cash against an annual operating cash burn of $29.7M. This gives an estimated cash runway of approximately 37 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Sight Sciences, Inc. (SGHT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Sight Sciences, Inc. (SGHT) has an earnings quality ratio of 0.77x, considered low quality (accrual-driven). 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.

Sight Sciences, Inc. (SGHT) has an interest coverage ratio of -7.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Sight Sciences, Inc. (SGHT) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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