Sight Sciences (SGHT) | Financial Analysis & Statements
Sight Sciences Inc. Micro-cap Healthcare
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
20.4M
Gross Profit
17.8M
87.26%
Operating Income
-3.7M
-18.00%
Net Income
-4.2M
-20.42%
EPS (Diluted)
$-0.08
Balance Sheet Metrics
Total Assets
115.3M
Total Liabilities
51.4M
Shareholders Equity
63.9M
Debt to Equity
0.80
Cash Flow Metrics
Operating Cash Flow
-1.4M
Free Cash Flow
-1.7M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Sight Sciences Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 77.4M | 79.9M | 81.1M | 71.3M | 49.0M |
| Cost of Goods Sold | 10.7M | 11.6M | 11.9M | 12.4M | 8.6M |
| Gross Profit | 66.7M | 68.3M | 69.2M | 59.0M | 40.3M |
| Gross Margin % | 86.2% | 85.5% | 85.3% | 82.7% | 82.4% |
| Operating Expenses | |||||
| Research & Development | 14.6M | 18.0M | 17.6M | 22.9M | 15.6M |
| Selling, General & Administrative | 89.2M | 100.8M | 108.9M | 120.1M | 76.2M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 103.8M | 118.8M | 126.4M | 142.9M | 91.8M |
| Operating Income | -37.1M | -50.5M | -57.3M | -84.0M | -51.5M |
| Operating Margin % | -48.0% | -63.3% | -70.7% | -117.7% | -105.2% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | 0 |
| Interest Expense | 5.1M | 4.7M | 5.4M | 4.5M | 4.4M |
| Other Non-Operating Income | 3.8M | 3.9M | 7.2M | 2.2M | -6.9M |
| Pre-tax Income | -38.4M | -51.3M | -55.4M | -86.2M | -62.8M |
| Income Tax | 10.0K | 236.0K | 110.0K | 47.0K | 188.0K |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | -38.4M | -51.5M | -55.5M | -86.2M | -63.0M |
| Net Margin % | -49.7% | -64.5% | -68.5% | -120.9% | -128.6% |
| Key Metrics | |||||
| EBITDA | -36.8M | -49.9M | -49.4M | -81.0M | -57.8M |
| EPS (Basic) | - | $-1.03 | $-1.14 | $-1.80 | $-2.36 |
| EPS (Diluted) | - | $-1.03 | $-1.14 | $-1.80 | $-2.36 |
| Basic Shares Outstanding | - | 50134104 | 48628940 | 47849058 | 26734097 |
| Diluted Shares Outstanding | - | 50134104 | 48628940 | 47849058 | 26734097 |
Income Statement Trend
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Sight Sciences Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 92.0M | 120.4M | 138.1M | 185.0M | 260.7M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 9.7M | 10.8M | 14.3M | 15.1M | 8.7M |
| Inventory | 7.8M | 6.3M | 7.8M | 6.1M | 3.5M |
| Other Current Assets | 3.3M | 2.3M | 2.6M | 3.4M | 4.2M |
| Total Current Assets | 112.7M | 139.8M | 162.9M | 209.7M | 277.0M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 2.7M | 2.9M | 3.5M | 3.8M | 3.2M |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 518.0K | 550.0K | 682.0K | 211.0K | 202.0K |
| Total Non-Current Assets | 2.6M | 3.1M | 3.8M | 3.4M | 3.2M |
| Total Assets | 115.3M | 142.8M | 166.7M | 213.1M | 280.2M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.3M | 1.7M | 1.7M | 2.7M | 3.4M |
| Short-term Debt | 475.0K | 533.0K | 2.8M | 1.0M | 510.0K |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | 2.0K | - |
| Total Current Liabilities | 11.0M | 15.5M | 12.3M | 17.8M | 13.5M |
| Non-Current Liabilities | |||||
| Long-term Debt | 40.3M | 39.8M | 32.6M | 33.9M | 33.7M |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 31.0K | 19.0K | 38.0K | 38.0K | 38.0K |
| Total Non-Current Liabilities | 40.3M | 39.8M | 34.2M | 35.2M | 34.6M |
| Total Liabilities | 51.4M | 55.3M | 46.4M | 53.0M | 48.1M |
| Equity | |||||
| Common Stock | 54.0K | 51.0K | 49.0K | 48.0K | 48.0K |
| Retained Earnings | -384.7M | -346.3M | -294.8M | -239.2M | -153.0M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 63.9M | 87.5M | 120.2M | 160.1M | 232.1M |
| Key Metrics | |||||
| Total Debt | 40.8M | 40.4M | 35.4M | 35.0M | 34.2M |
| Working Capital | 101.7M | 124.3M | 150.6M | 191.9M | 263.5M |
Balance Sheet Composition
Sight Sciences Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -38.4M | -51.5M | -55.5M | -86.2M | -63.0M |
| Depreciation & Amortization | 487.0K | 712.0K | 614.0K | 710.0K | 632.0K |
| Stock-Based Compensation | 13.1M | 17.1M | 14.6M | 13.0M | 5.1M |
| Working Capital Changes | -1.0M | 3.9M | -2.5M | -9.1M | -1.7M |
| Operating Cash Flow | -24.5M | -28.4M | -41.2M | -80.5M | -57.6M |
| Investing Activities | |||||
| Capital Expenditures | -224.0K | -385.0K | -791.0K | -970.0K | -813.0K |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -224.0K | -385.0K | -791.0K | -970.0K | -813.0K |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 0 | 39.5M | - | - | 0 |
| Debt Repayment | 0 | -35.4M | - | - | - |
| Financing Cash Flow | -58.0K | 3.9M | -224.0K | 0 | 252.2M |
| Free Cash Flow | -29.9M | -22.7M | -48.0M | -76.9M | -53.4M |
| Net Change in Cash | -24.8M | -24.9M | -42.3M | -81.4M | 193.7M |
Cash Flow Trend
Sight Sciences Key Financial Ratios
Valuation Ratios
Forward P/E
-7.85
Price to Book
3.66
Price to Sales
3.07
PEG Ratio
-7.85
Profitability Ratios
Profit Margin
-49.67%
Operating Margin
-18.00%
Return on Equity
-50.74%
Return on Assets
-16.61%
Financial Health
Current Ratio
10.22
Debt to Equity
63.77
Beta
2.49
Per Share Data
EPS (TTM)
$-0.74
Book Value per Share
$1.20
Revenue per Share
$1.48
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SGHT | 237.2M | - | 3.66 | -50.74% | -49.67% | 63.77 |
| Abbott Laboratories | 160.7B | 25.97 | 3.09 | 12.36% | 13.90% | 26.79 |
| Stryker | 126.3B | 39.21 | 5.62 | 15.08% | 12.92% | 72.97 |
| Monogram | 244.2M | -13.04 | 25.10 | -228.82% | 0.00% | 3.44 |
| Nevro | 224.1M | 144.40 | 0.96 | -43.29% | -27.77% | 108.86 |
| Electromed | 212.5M | 24.42 | 4.58 | 20.20% | 13.06% | 0.21 |
Financial data is updated regularly. All figures are in the company's reporting currency.






