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Side-by-side financial comparison of RxSight, Inc. (RXST) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $32.6M, roughly 1.1× RxSight, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -28.1%, a 19.2% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -18.9%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-2.3M). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
RXST vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.6M | $36.5M |
| Net Profit | $-9.2M | $-3.2M |
| Gross Margin | 77.5% | 38.6% |
| Operating Margin | -34.8% | -10.9% |
| Net Margin | -28.1% | -8.9% |
| Revenue YoY | -18.9% | 3.1% |
| Net Profit YoY | -54.1% | 71.6% |
| EPS (diluted) | $-0.22 | $-0.02 |
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 | $32.6M | $36.5M | ||
| Q3 25 | $30.3M | $36.2M | ||
| Q2 25 | $33.6M | $38.3M | ||
| Q1 25 | $37.9M | $41.3M | ||
| Q4 24 | $40.2M | $35.4M | ||
| Q3 24 | $35.3M | $40.5M | ||
| Q2 24 | $34.9M | $48.5M | ||
| Q1 24 | $29.5M | $50.5M |
| Q4 25 | $-9.2M | $-3.2M | ||
| Q3 25 | $-9.8M | $-6.3M | ||
| Q2 25 | $-11.8M | $-10.9M | ||
| Q1 25 | $-8.2M | $-40.2M | ||
| Q4 24 | $-5.9M | $-11.4M | ||
| Q3 24 | $-6.3M | $-9.9M | ||
| Q2 24 | $-6.1M | $-4.6M | ||
| Q1 24 | $-9.1M | $-7.7M |
| Q4 25 | 77.5% | 38.6% | ||
| Q3 25 | 79.9% | 26.4% | ||
| Q2 25 | 74.9% | 33.1% | ||
| Q1 25 | 74.8% | 32.8% | ||
| Q4 24 | 71.6% | 28.7% | ||
| Q3 24 | 71.4% | 33.2% | ||
| Q2 24 | 69.5% | 35.7% | ||
| Q1 24 | 70.1% | 38.5% |
| Q4 25 | -34.8% | -10.9% | ||
| Q3 25 | -40.1% | -19.4% | ||
| Q2 25 | -41.6% | -30.5% | ||
| Q1 25 | -28.2% | -99.9% | ||
| Q4 24 | -21.5% | -36.6% | ||
| Q3 24 | -26.1% | -29.0% | ||
| Q2 24 | -23.9% | -14.3% | ||
| Q1 24 | -36.2% | -20.1% |
| Q4 25 | -28.1% | -8.9% | ||
| Q3 25 | -32.4% | -17.3% | ||
| Q2 25 | -35.0% | -28.3% | ||
| Q1 25 | -21.6% | -97.2% | ||
| Q4 24 | -14.8% | -32.3% | ||
| Q3 24 | -17.9% | -24.5% | ||
| Q2 24 | -17.4% | -9.5% | ||
| Q1 24 | -30.8% | -15.2% |
| Q4 25 | $-0.22 | $-0.02 | ||
| Q3 25 | $-0.24 | $-0.03 | ||
| Q2 25 | $-0.29 | $-0.06 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $-0.14 | $-0.06 | ||
| Q3 24 | $-0.16 | $-0.05 | ||
| Q2 24 | $-0.16 | $-0.02 | ||
| Q1 24 | $-0.25 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $228.1M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $275.7M | $232.1M |
| Total Assets | $311.8M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.1M | $104.5M | ||
| Q3 25 | $227.5M | $100.0M | ||
| Q2 25 | $227.5M | $105.0M | ||
| Q1 25 | $229.3M | $125.6M | ||
| Q4 24 | $237.2M | $142.5M | ||
| Q3 24 | $237.1M | $163.4M | ||
| Q2 24 | $233.3M | $187.4M | ||
| Q1 24 | $125.4M | $204.7M |
| Q4 25 | $275.7M | $232.1M | ||
| Q3 25 | $276.0M | $234.4M | ||
| Q2 25 | $278.0M | $238.8M | ||
| Q1 25 | $279.3M | $250.7M | ||
| Q4 24 | $281.2M | $289.4M | ||
| Q3 24 | $277.3M | $305.1M | ||
| Q2 24 | $275.2M | $329.4M | ||
| Q1 24 | $163.9M | $333.1M |
| Q4 25 | $311.8M | $320.9M | ||
| Q3 25 | $308.5M | $335.8M | ||
| Q2 25 | $309.0M | $354.0M | ||
| Q1 25 | $313.0M | $366.1M | ||
| Q4 24 | $318.6M | $420.2M | ||
| Q3 24 | $310.5M | $448.6M | ||
| Q2 24 | $305.5M | $475.3M | ||
| Q1 24 | $183.2M | $485.5M |
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 | $-1.1M | $7.7M |
| Free Cash FlowOCF − Capex | $-2.3M | $7.7M |
| FCF MarginFCF / Revenue | -6.9% | 21.0% |
| Capex IntensityCapex / Revenue | 3.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-19.3M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $7.7M | ||
| Q3 25 | $-1.2M | $-2.1M | ||
| Q2 25 | $-4.4M | $-14.9M | ||
| Q1 25 | $-8.8M | $-12.2M | ||
| Q4 24 | $-4.3M | $-12.0M | ||
| Q3 24 | $650.0K | $-3.7M | ||
| Q2 24 | $-4.0M | $-13.9M | ||
| Q1 24 | $-9.3M | $-3.3M |
| Q4 25 | $-2.3M | $7.7M | ||
| Q3 25 | $-1.8M | $-2.2M | ||
| Q2 25 | $-5.9M | $-16.2M | ||
| Q1 25 | $-9.4M | $-14.3M | ||
| Q4 24 | $-5.1M | $-13.3M | ||
| Q3 24 | $-453.0K | $-3.9M | ||
| Q2 24 | $-5.5M | $-14.1M | ||
| Q1 24 | $-11.3M | $-3.4M |
| Q4 25 | -6.9% | 21.0% | ||
| Q3 25 | -5.8% | -6.1% | ||
| Q2 25 | -17.6% | -42.3% | ||
| Q1 25 | -24.8% | -34.7% | ||
| Q4 24 | -12.7% | -37.5% | ||
| Q3 24 | -1.3% | -9.7% | ||
| Q2 24 | -15.9% | -29.1% | ||
| Q1 24 | -38.2% | -6.7% |
| Q4 25 | 3.5% | 0.0% | ||
| Q3 25 | 1.9% | 0.2% | ||
| Q2 25 | 4.6% | 3.3% | ||
| Q1 25 | 1.5% | 5.3% | ||
| Q4 24 | 2.1% | 3.5% | ||
| Q3 24 | 3.1% | 0.6% | ||
| Q2 24 | 4.4% | 0.5% | ||
| Q1 24 | 6.7% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
