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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Sight Sciences, Inc. (SGHT). Click either name above to swap in a different company.
Sight Sciences, Inc. is the larger business by last-quarter revenue ($20.4M vs $13.2M, roughly 1.5× Ares Commercial Real Estate Corp). Sight Sciences, Inc. runs the higher net margin — -20.4% vs -29.2%, a 8.8% gap on every dollar of revenue. On growth, Sight Sciences, Inc. posted the faster year-over-year revenue change (6.9% vs -24.5%). Over the past eight quarters, Sight Sciences, Inc.'s revenue compounded faster (2.9% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Sight Sciences, Inc. is a commercial-stage medical technology company focused on developing and commercializing innovative products for treating common eye conditions including glaucoma and dry eye disease. It offers minimally invasive surgical devices and non-surgical care solutions, primarily serving ophthalmology clinicians and patients across the United States.
ACRE vs SGHT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $20.4M |
| Net Profit | $-3.9M | $-4.2M |
| Gross Margin | — | 87.3% |
| Operating Margin | -29.2% | -18.0% |
| Net Margin | -29.2% | -20.4% |
| Revenue YoY | -24.5% | 6.9% |
| Net Profit YoY | 63.8% | 64.9% |
| EPS (diluted) | — | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $20.4M | ||
| Q3 25 | $14.1M | $19.9M | ||
| Q2 25 | $12.6M | $19.6M | ||
| Q1 25 | $14.9M | $17.5M | ||
| Q4 24 | $17.5M | $19.1M | ||
| Q3 24 | $16.7M | $20.2M | ||
| Q2 24 | $16.8M | $21.4M | ||
| Q1 24 | $18.7M | $19.3M |
| Q4 25 | $-3.9M | $-4.2M | ||
| Q3 25 | $4.7M | $-8.2M | ||
| Q2 25 | $-11.0M | $-11.9M | ||
| Q1 25 | $9.3M | $-14.2M | ||
| Q4 24 | $-10.7M | $-11.8M | ||
| Q3 24 | $-5.9M | $-11.1M | ||
| Q2 24 | $-6.1M | $-12.3M | ||
| Q1 24 | $-12.3M | $-16.3M |
| Q4 25 | — | 87.3% | ||
| Q3 25 | — | 86.4% | ||
| Q2 25 | — | 84.8% | ||
| Q1 25 | — | 86.2% | ||
| Q4 24 | — | 86.8% | ||
| Q3 24 | — | 83.9% | ||
| Q2 24 | — | 85.8% | ||
| Q1 24 | — | 85.5% |
| Q4 25 | -29.2% | -18.0% | ||
| Q3 25 | 33.0% | -39.7% | ||
| Q2 25 | -87.8% | -59.6% | ||
| Q1 25 | 64.4% | -79.2% | ||
| Q4 24 | -61.0% | -62.5% | ||
| Q3 24 | -35.3% | -55.7% | ||
| Q2 24 | -36.5% | -59.2% | ||
| Q1 24 | -65.9% | -76.4% |
| Q4 25 | -29.2% | -20.4% | ||
| Q3 25 | 33.0% | -41.0% | ||
| Q2 25 | -87.8% | -61.0% | ||
| Q1 25 | 62.5% | -80.8% | ||
| Q4 24 | -60.9% | -62.1% | ||
| Q3 24 | -35.3% | -54.9% | ||
| Q2 24 | -36.5% | -57.7% | ||
| Q1 24 | -65.9% | -84.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.16 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.28 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | — | $-0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $92.0M |
| Total DebtLower is stronger | $948.2M | $42.4M |
| Stockholders' EquityBook value | $509.6M | $63.9M |
| Total Assets | $1.6B | $115.3M |
| Debt / EquityLower = less leverage | 1.86× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $92.0M | ||
| Q3 25 | $84.9M | $92.4M | ||
| Q2 25 | $90.0M | $101.5M | ||
| Q1 25 | $125.5M | $108.8M | ||
| Q4 24 | $63.8M | $120.4M | ||
| Q3 24 | $68.9M | $118.6M | ||
| Q2 24 | $70.6M | $118.2M | ||
| Q1 24 | $99.5M | $127.3M |
| Q4 25 | $948.2M | $42.4M | ||
| Q3 25 | — | $42.4M | ||
| Q2 25 | — | $42.4M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | $718.5M | $40.0M | ||
| Q3 24 | — | $37.1M | ||
| Q2 24 | — | $35.0M | ||
| Q1 24 | — | $35.0M |
| Q4 25 | $509.6M | $63.9M | ||
| Q3 25 | $521.0M | $64.3M | ||
| Q2 25 | $523.7M | $70.0M | ||
| Q1 25 | $542.1M | $77.6M | ||
| Q4 24 | $540.1M | $87.5M | ||
| Q3 24 | $563.8M | $95.0M | ||
| Q2 24 | $582.3M | $101.6M | ||
| Q1 24 | $601.1M | $109.2M |
| Q4 25 | $1.6B | $115.3M | ||
| Q3 25 | $1.4B | $116.3M | ||
| Q2 25 | $1.4B | $122.0M | ||
| Q1 25 | $1.5B | $129.7M | ||
| Q4 24 | $1.8B | $142.8M | ||
| Q3 24 | $1.9B | $143.6M | ||
| Q2 24 | $2.1B | $149.7M | ||
| Q1 24 | $2.1B | $155.6M |
| Q4 25 | 1.86× | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | 1.33× | 0.46× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.32× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-1.8M |
| Free Cash FlowOCF − Capex | — | $-2.0M |
| FCF MarginFCF / Revenue | — | -9.7% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-1.8M | ||
| Q3 25 | $3.8M | $-8.7M | ||
| Q2 25 | $4.9M | $-7.5M | ||
| Q1 25 | $8.0M | $-11.6M | ||
| Q4 24 | $35.5M | $-3.5M | ||
| Q3 24 | $8.4M | $362.0K | ||
| Q2 24 | $8.7M | $-9.5M | ||
| Q1 24 | $11.4M | $-9.8M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | — | $-8.9M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $311.0K | ||
| Q2 24 | — | $-9.5M | ||
| Q1 24 | — | $-9.9M |
| Q4 25 | — | -9.7% | ||
| Q3 25 | — | -44.7% | ||
| Q2 25 | — | -39.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -18.9% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | -44.7% | ||
| Q1 24 | — | -51.4% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
SGHT
| Surgical Glaucoma | $19.7M | 96% |
| Other | $724.0K | 4% |
