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Side-by-side financial comparison of RxSight, Inc. (RXST) and TELOS CORP (TLS). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $32.6M, roughly 1.4× RxSight, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -34.9%, a 6.8% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -18.9%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $-2.3M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs 5.1%).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
RXST vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.6M | $46.8M |
| Net Profit | $-9.2M | $-16.3M |
| Gross Margin | 77.5% | 35.0% |
| Operating Margin | -34.8% | -39.6% |
| Net Margin | -28.1% | -34.9% |
| Revenue YoY | -18.9% | 77.4% |
| Net Profit YoY | -54.1% | -74.8% |
| EPS (diluted) | $-0.22 | $-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 | $32.6M | $46.8M | ||
| Q3 25 | $30.3M | $51.4M | ||
| Q2 25 | $33.6M | $36.0M | ||
| Q1 25 | $37.9M | $30.6M | ||
| Q4 24 | $40.2M | $26.4M | ||
| Q3 24 | $35.3M | $23.8M | ||
| Q2 24 | $34.9M | $28.5M | ||
| Q1 24 | $29.5M | $29.6M |
| Q4 25 | $-9.2M | $-16.3M | ||
| Q3 25 | $-9.8M | $-2.1M | ||
| Q2 25 | $-11.8M | $-9.5M | ||
| Q1 25 | $-8.2M | $-8.6M | ||
| Q4 24 | $-5.9M | $-9.3M | ||
| Q3 24 | $-6.3M | $-28.1M | ||
| Q2 24 | $-6.1M | $-7.8M | ||
| Q1 24 | $-9.1M | $-7.4M |
| Q4 25 | 77.5% | 35.0% | ||
| Q3 25 | 79.9% | 39.9% | ||
| Q2 25 | 74.9% | 33.2% | ||
| Q1 25 | 74.8% | 39.8% | ||
| Q4 24 | 71.6% | 40.3% | ||
| Q3 24 | 71.4% | 13.2% | ||
| Q2 24 | 69.5% | 34.1% | ||
| Q1 24 | 70.1% | 37.0% |
| Q4 25 | -34.8% | -39.6% | ||
| Q3 25 | -40.1% | -4.8% | ||
| Q2 25 | -41.6% | -27.5% | ||
| Q1 25 | -28.2% | -29.5% | ||
| Q4 24 | -21.5% | -37.6% | ||
| Q3 24 | -26.1% | -121.4% | ||
| Q2 24 | -23.9% | -30.3% | ||
| Q1 24 | -36.2% | -28.5% |
| Q4 25 | -28.1% | -34.9% | ||
| Q3 25 | -32.4% | -4.1% | ||
| Q2 25 | -35.0% | -26.5% | ||
| Q1 25 | -21.6% | -28.1% | ||
| Q4 24 | -14.8% | -35.4% | ||
| Q3 24 | -17.9% | -118.0% | ||
| Q2 24 | -17.4% | -27.2% | ||
| Q1 24 | -30.8% | -24.9% |
| Q4 25 | $-0.22 | $-0.22 | ||
| Q3 25 | $-0.24 | $-0.03 | ||
| Q2 25 | $-0.29 | $-0.13 | ||
| Q1 25 | $-0.20 | $-0.12 | ||
| Q4 24 | $-0.14 | $-0.13 | ||
| Q3 24 | $-0.16 | $-0.39 | ||
| Q2 24 | $-0.16 | $-0.11 | ||
| Q1 24 | $-0.25 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $275.7M | $96.0M |
| Total Assets | $311.8M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.1M | $53.2M | ||
| Q3 25 | $227.5M | $59.0M | ||
| Q2 25 | $227.5M | $57.0M | ||
| Q1 25 | $229.3M | $57.8M | ||
| Q4 24 | $237.2M | $54.6M | ||
| Q3 24 | $237.1M | $69.8M | ||
| Q2 24 | $233.3M | $80.1M | ||
| Q1 24 | $125.4M | $93.9M |
| Q4 25 | $275.7M | $96.0M | ||
| Q3 25 | $276.0M | $119.7M | ||
| Q2 25 | $278.0M | $118.4M | ||
| Q1 25 | $279.3M | $126.1M | ||
| Q4 24 | $281.2M | $127.1M | ||
| Q3 24 | $277.3M | $129.5M | ||
| Q2 24 | $275.2M | $149.1M | ||
| Q1 24 | $163.9M | $154.4M |
| Q4 25 | $311.8M | $139.9M | ||
| Q3 25 | $308.5M | $164.3M | ||
| Q2 25 | $309.0M | $165.0M | ||
| Q1 25 | $313.0M | $158.1M | ||
| Q4 24 | $318.6M | $158.2M | ||
| Q3 24 | $310.5M | $166.3M | ||
| Q2 24 | $305.5M | $182.4M | ||
| Q1 24 | $183.2M | $195.4M |
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 | $8.0M |
| Free Cash FlowOCF − Capex | $-2.3M | $8.0M |
| FCF MarginFCF / Revenue | -6.9% | 17.0% |
| Capex IntensityCapex / Revenue | 3.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-19.3M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $8.0M | ||
| Q3 25 | $-1.2M | $9.1M | ||
| Q2 25 | $-4.4M | $7.0M | ||
| Q1 25 | $-8.8M | $6.1M | ||
| Q4 24 | $-4.3M | $-10.5M | ||
| Q3 24 | $650.0K | $-7.1M | ||
| Q2 24 | $-4.0M | $-8.0M | ||
| Q1 24 | $-9.3M | $-350.0K |
| Q4 25 | $-2.3M | $8.0M | ||
| Q3 25 | $-1.8M | $8.7M | ||
| Q2 25 | $-5.9M | $6.8M | ||
| Q1 25 | $-9.4M | $6.0M | ||
| Q4 24 | $-5.1M | $-12.4M | ||
| Q3 24 | $-453.0K | $-7.1M | ||
| Q2 24 | $-5.5M | $-8.2M | ||
| Q1 24 | $-11.3M | $-447.0K |
| Q4 25 | -6.9% | 17.0% | ||
| Q3 25 | -5.8% | 16.9% | ||
| Q2 25 | -17.6% | 19.0% | ||
| Q1 25 | -24.8% | 19.5% | ||
| Q4 24 | -12.7% | -47.0% | ||
| Q3 24 | -1.3% | -30.0% | ||
| Q2 24 | -15.9% | -28.9% | ||
| Q1 24 | -38.2% | -1.5% |
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 1.9% | 0.9% | ||
| Q2 25 | 4.6% | 0.4% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | 2.1% | 7.1% | ||
| Q3 24 | 3.1% | 0.2% | ||
| Q2 24 | 4.4% | 0.8% | ||
| Q1 24 | 6.7% | 0.3% |
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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
