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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and RxSight, Inc. (RXST). Click either name above to swap in a different company.

Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $32.6M, roughly 1.2× RxSight, Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -28.1%, a 28.2% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -18.9%).

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

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.

NP vs RXST — Head-to-Head

Bigger by revenue
NP
NP
1.2× larger
NP
$37.8M
$32.6M
RXST
Growing faster (revenue YoY)
NP
NP
+47.7% gap
NP
28.8%
-18.9%
RXST
Higher net margin
NP
NP
28.2% more per $
NP
0.1%
-28.1%
RXST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NP
NP
RXST
RXST
Revenue
$37.8M
$32.6M
Net Profit
$50.0K
$-9.2M
Gross Margin
77.5%
Operating Margin
-34.8%
Net Margin
0.1%
-28.1%
Revenue YoY
28.8%
-18.9%
Net Profit YoY
0.0%
-54.1%
EPS (diluted)
$0.05
$-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.

Revenue
NP
NP
RXST
RXST
Q1 26
$37.8M
Q4 25
$32.6M
Q3 25
$44.4M
$30.3M
Q2 25
$33.6M
Q1 25
$37.9M
Q4 24
$40.2M
Q3 24
$33.8M
$35.3M
Q2 24
$34.9M
Net Profit
NP
NP
RXST
RXST
Q1 26
$50.0K
Q4 25
$-9.2M
Q3 25
$11.5M
$-9.8M
Q2 25
$-11.8M
Q1 25
$-8.2M
Q4 24
$-5.9M
Q3 24
$12.1M
$-6.3M
Q2 24
$-6.1M
Gross Margin
NP
NP
RXST
RXST
Q1 26
Q4 25
77.5%
Q3 25
79.9%
Q2 25
74.9%
Q1 25
74.8%
Q4 24
71.6%
Q3 24
71.4%
Q2 24
69.5%
Operating Margin
NP
NP
RXST
RXST
Q1 26
Q4 25
-34.8%
Q3 25
46.7%
-40.1%
Q2 25
-41.6%
Q1 25
-28.2%
Q4 24
-21.5%
Q3 24
58.6%
-26.1%
Q2 24
-23.9%
Net Margin
NP
NP
RXST
RXST
Q1 26
0.1%
Q4 25
-28.1%
Q3 25
25.9%
-32.4%
Q2 25
-35.0%
Q1 25
-21.6%
Q4 24
-14.8%
Q3 24
35.8%
-17.9%
Q2 24
-17.4%
EPS (diluted)
NP
NP
RXST
RXST
Q1 26
$0.05
Q4 25
$-0.22
Q3 25
$0.06
$-0.24
Q2 25
$-0.29
Q1 25
$-0.20
Q4 24
$-0.14
Q3 24
$0.06
$-0.16
Q2 24
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NP
NP
RXST
RXST
Cash + ST InvestmentsLiquidity on hand
$228.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$275.7M
Total Assets
$311.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
RXST
RXST
Q1 26
Q4 25
$228.1M
Q3 25
$12.2M
$227.5M
Q2 25
$227.5M
Q1 25
$229.3M
Q4 24
$237.2M
Q3 24
$237.1M
Q2 24
$233.3M
Total Debt
NP
NP
RXST
RXST
Q1 26
Q4 25
Q3 25
$247.6M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NP
NP
RXST
RXST
Q1 26
Q4 25
$275.7M
Q3 25
$-509.5M
$276.0M
Q2 25
$278.0M
Q1 25
$279.3M
Q4 24
$281.2M
Q3 24
$-374.3M
$277.3M
Q2 24
$275.2M
Total Assets
NP
NP
RXST
RXST
Q1 26
Q4 25
$311.8M
Q3 25
$89.6M
$308.5M
Q2 25
$309.0M
Q1 25
$313.0M
Q4 24
$318.6M
Q3 24
$310.5M
Q2 24
$305.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NP
NP
RXST
RXST
Operating Cash FlowLast quarter
$-1.1M
Free Cash FlowOCF − Capex
$-2.3M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NP
NP
RXST
RXST
Q1 26
Q4 25
$-1.1M
Q3 25
$38.9M
$-1.2M
Q2 25
$-4.4M
Q1 25
$-8.8M
Q4 24
$-4.3M
Q3 24
$650.0K
Q2 24
$-4.0M
Free Cash Flow
NP
NP
RXST
RXST
Q1 26
Q4 25
$-2.3M
Q3 25
$-1.8M
Q2 25
$-5.9M
Q1 25
$-9.4M
Q4 24
$-5.1M
Q3 24
$-453.0K
Q2 24
$-5.5M
FCF Margin
NP
NP
RXST
RXST
Q1 26
Q4 25
-6.9%
Q3 25
-5.8%
Q2 25
-17.6%
Q1 25
-24.8%
Q4 24
-12.7%
Q3 24
-1.3%
Q2 24
-15.9%
Capex Intensity
NP
NP
RXST
RXST
Q1 26
Q4 25
3.5%
Q3 25
1.9%
Q2 25
4.6%
Q1 25
1.5%
Q4 24
2.1%
Q3 24
3.1%
Q2 24
4.4%
Cash Conversion
NP
NP
RXST
RXST
Q1 26
Q4 25
Q3 25
3.38×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NP
NP

Segment breakdown not available.

RXST
RXST

Rxlal$28.2M86%
LDD$3.0M9%
Service Warranty Service Contracts And Accessories$1.5M4%

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