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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $32.6M, roughly 1.0× RxSight, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -110.7%, a 82.7% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -18.9%). RxSight, Inc. produced more free cash flow last quarter ($-2.3M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 5.1%).
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
FTCI vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $32.6M |
| Net Profit | $-36.4M | $-9.2M |
| Gross Margin | 14.9% | 77.5% |
| Operating Margin | -17.2% | -34.8% |
| Net Margin | -110.7% | -28.1% |
| Revenue YoY | 148.9% | -18.9% |
| Net Profit YoY | -197.4% | -54.1% |
| EPS (diluted) | $-2.31 | $-0.22 |
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 | $32.9M | $32.6M | ||
| Q3 25 | $26.0M | $30.3M | ||
| Q2 25 | $20.0M | $33.6M | ||
| Q1 25 | $20.8M | $37.9M | ||
| Q4 24 | $13.2M | $40.2M | ||
| Q3 24 | $10.1M | $35.3M | ||
| Q2 24 | $11.4M | $34.9M | ||
| Q1 24 | $12.6M | $29.5M |
| Q4 25 | $-36.4M | $-9.2M | ||
| Q3 25 | $-23.9M | $-9.8M | ||
| Q2 25 | $-15.4M | $-11.8M | ||
| Q1 25 | $-3.8M | $-8.2M | ||
| Q4 24 | $-12.2M | $-5.9M | ||
| Q3 24 | $-15.4M | $-6.3M | ||
| Q2 24 | $-12.2M | $-6.1M | ||
| Q1 24 | $-8.8M | $-9.1M |
| Q4 25 | 14.9% | 77.5% | ||
| Q3 25 | 6.1% | 79.9% | ||
| Q2 25 | -19.6% | 74.9% | ||
| Q1 25 | -16.6% | 74.8% | ||
| Q4 24 | -29.1% | 71.6% | ||
| Q3 24 | -42.5% | 71.4% | ||
| Q2 24 | -20.5% | 69.5% | ||
| Q1 24 | -16.7% | 70.1% |
| Q4 25 | -17.2% | -34.8% | ||
| Q3 25 | -29.6% | -40.1% | ||
| Q2 25 | -57.5% | -41.6% | ||
| Q1 25 | -50.8% | -28.2% | ||
| Q4 24 | -101.7% | -21.5% | ||
| Q3 24 | -147.8% | -26.1% | ||
| Q2 24 | -104.3% | -23.9% | ||
| Q1 24 | -99.3% | -36.2% |
| Q4 25 | -110.7% | -28.1% | ||
| Q3 25 | -92.0% | -32.4% | ||
| Q2 25 | -77.2% | -35.0% | ||
| Q1 25 | -18.4% | -21.6% | ||
| Q4 24 | -92.7% | -14.8% | ||
| Q3 24 | -151.5% | -17.9% | ||
| Q2 24 | -107.1% | -17.4% | ||
| Q1 24 | -69.7% | -30.8% |
| Q4 25 | $-2.31 | $-0.22 | ||
| Q3 25 | $-1.61 | $-0.24 | ||
| Q2 25 | $-1.18 | $-0.29 | ||
| Q1 25 | $-0.58 | $-0.20 | ||
| Q4 24 | $-0.95 | $-0.14 | ||
| Q3 24 | $-1.21 | $-0.16 | ||
| Q2 24 | $-0.97 | $-0.16 | ||
| Q1 24 | $-0.70 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.1M | $228.1M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $-43.0M | $275.7M |
| Total Assets | $111.8M | $311.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $228.1M | ||
| Q3 25 | $24.4M | $227.5M | ||
| Q2 25 | $3.5M | $227.5M | ||
| Q1 25 | $5.9M | $229.3M | ||
| Q4 24 | $11.2M | $237.2M | ||
| Q3 24 | $8.3M | $237.1M | ||
| Q2 24 | $10.8M | $233.3M | ||
| Q1 24 | $14.0M | $125.4M |
| Q4 25 | $9.9M | — | ||
| Q3 25 | $16.6M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-43.0M | $275.7M | ||
| Q3 25 | $-13.7M | $276.0M | ||
| Q2 25 | $9.0M | $278.0M | ||
| Q1 25 | $15.5M | $279.3M | ||
| Q4 24 | $19.0M | $281.2M | ||
| Q3 24 | $30.4M | $277.3M | ||
| Q2 24 | $44.2M | $275.2M | ||
| Q1 24 | $55.2M | $163.9M |
| Q4 25 | $111.8M | $311.8M | ||
| Q3 25 | $111.5M | $308.5M | ||
| Q2 25 | $83.0M | $309.0M | ||
| Q1 25 | $84.1M | $313.0M | ||
| Q4 24 | $89.9M | $318.6M | ||
| Q3 24 | $91.7M | $310.5M | ||
| Q2 24 | $100.3M | $305.5M | ||
| Q1 24 | $115.0M | $183.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-8.0M | $-1.1M |
| Free Cash FlowOCF − Capex | $-8.4M | $-2.3M |
| FCF MarginFCF / Revenue | -25.7% | -6.9% |
| Capex IntensityCapex / Revenue | 1.3% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $-1.1M | ||
| Q3 25 | $-14.6M | $-1.2M | ||
| Q2 25 | $-2.3M | $-4.4M | ||
| Q1 25 | $-8.5M | $-8.8M | ||
| Q4 24 | $-16.7M | $-4.3M | ||
| Q3 24 | $-2.4M | $650.0K | ||
| Q2 24 | $-3.8M | $-4.0M | ||
| Q1 24 | $-11.9M | $-9.3M |
| Q4 25 | $-8.4M | $-2.3M | ||
| Q3 25 | $-15.1M | $-1.8M | ||
| Q2 25 | $-2.5M | $-5.9M | ||
| Q1 25 | $-8.6M | $-9.4M | ||
| Q4 24 | $-17.0M | $-5.1M | ||
| Q3 24 | $-2.6M | $-453.0K | ||
| Q2 24 | $-4.5M | $-5.5M | ||
| Q1 24 | $-12.3M | $-11.3M |
| Q4 25 | -25.7% | -6.9% | ||
| Q3 25 | -57.9% | -5.8% | ||
| Q2 25 | -12.4% | -17.6% | ||
| Q1 25 | -41.2% | -24.8% | ||
| Q4 24 | -128.6% | -12.7% | ||
| Q3 24 | -25.6% | -1.3% | ||
| Q2 24 | -39.2% | -15.9% | ||
| Q1 24 | -97.6% | -38.2% |
| Q4 25 | 1.3% | 3.5% | ||
| Q3 25 | 1.7% | 1.9% | ||
| Q2 25 | 0.9% | 4.6% | ||
| Q1 25 | 0.4% | 1.5% | ||
| Q4 24 | 2.2% | 2.1% | ||
| Q3 24 | 2.2% | 3.1% | ||
| Q2 24 | 6.1% | 4.4% | ||
| Q1 24 | 3.4% | 6.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
