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Side-by-side financial comparison of RxSight, Inc. (RXST) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $17.3M, roughly 1.9× Valens Semiconductor Ltd.). RxSight, Inc. runs the higher net margin — -28.1% vs -42.2%, a 14.2% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -18.9%). RxSight, Inc. produced more free cash flow last quarter ($-2.3M vs $-4.9M).
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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
RXST vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.6M | $17.3M |
| Net Profit | $-9.2M | $-7.3M |
| Gross Margin | 77.5% | 63.0% |
| Operating Margin | -34.8% | -46.4% |
| Net Margin | -28.1% | -42.2% |
| Revenue YoY | -18.9% | 8.1% |
| Net Profit YoY | -54.1% | 29.3% |
| EPS (diluted) | $-0.22 | $-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 | $32.6M | — | ||
| Q3 25 | $30.3M | $17.3M | ||
| Q2 25 | $33.6M | $17.1M | ||
| Q1 25 | $37.9M | $16.8M | ||
| Q4 24 | $40.2M | — | ||
| Q3 24 | $35.3M | $16.0M | ||
| Q2 24 | $34.9M | $13.6M | ||
| Q1 24 | $29.5M | — |
| Q4 25 | $-9.2M | — | ||
| Q3 25 | $-9.8M | $-7.3M | ||
| Q2 25 | $-11.8M | $-7.2M | ||
| Q1 25 | $-8.2M | $-8.3M | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-6.3M | $-10.4M | ||
| Q2 24 | $-6.1M | $-8.9M | ||
| Q1 24 | $-9.1M | — |
| Q4 25 | 77.5% | — | ||
| Q3 25 | 79.9% | 63.0% | ||
| Q2 25 | 74.9% | 63.5% | ||
| Q1 25 | 74.8% | 62.9% | ||
| Q4 24 | 71.6% | — | ||
| Q3 24 | 71.4% | 56.4% | ||
| Q2 24 | 69.5% | 61.4% | ||
| Q1 24 | 70.1% | — |
| Q4 25 | -34.8% | — | ||
| Q3 25 | -40.1% | -46.4% | ||
| Q2 25 | -41.6% | -43.3% | ||
| Q1 25 | -28.2% | -56.2% | ||
| Q4 24 | -21.5% | — | ||
| Q3 24 | -26.1% | -76.3% | ||
| Q2 24 | -23.9% | -69.2% | ||
| Q1 24 | -36.2% | — |
| Q4 25 | -28.1% | — | ||
| Q3 25 | -32.4% | -42.2% | ||
| Q2 25 | -35.0% | -42.1% | ||
| Q1 25 | -21.6% | -49.4% | ||
| Q4 24 | -14.8% | — | ||
| Q3 24 | -17.9% | -64.6% | ||
| Q2 24 | -17.4% | -65.2% | ||
| Q1 24 | -30.8% | — |
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.24 | $-0.07 | ||
| Q2 25 | $-0.29 | $-0.07 | ||
| Q1 25 | $-0.20 | $-0.08 | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $-0.16 | $-0.10 | ||
| Q2 24 | $-0.16 | $-0.08 | ||
| Q1 24 | $-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 | $228.1M | $93.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $275.7M | $108.8M |
| Total Assets | $311.8M | $136.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.1M | — | ||
| Q3 25 | $227.5M | $93.5M | ||
| Q2 25 | $227.5M | $102.7M | ||
| Q1 25 | $229.3M | $112.5M | ||
| Q4 24 | $237.2M | — | ||
| Q3 24 | $237.1M | $133.1M | ||
| Q2 24 | $233.3M | $105.9M | ||
| Q1 24 | $125.4M | — |
| Q4 25 | $275.7M | — | ||
| Q3 25 | $276.0M | $108.8M | ||
| Q2 25 | $278.0M | $116.5M | ||
| Q1 25 | $279.3M | $128.6M | ||
| Q4 24 | $281.2M | — | ||
| Q3 24 | $277.3M | $147.0M | ||
| Q2 24 | $275.2M | $153.5M | ||
| Q1 24 | $163.9M | — |
| Q4 25 | $311.8M | — | ||
| Q3 25 | $308.5M | $136.7M | ||
| Q2 25 | $309.0M | $144.8M | ||
| Q1 25 | $313.0M | $154.6M | ||
| Q4 24 | $318.6M | — | ||
| Q3 24 | $310.5M | $171.9M | ||
| Q2 24 | $305.5M | $175.8M | ||
| Q1 24 | $183.2M | — |
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 | $-4.7M |
| Free Cash FlowOCF − Capex | $-2.3M | $-4.9M |
| FCF MarginFCF / Revenue | -6.9% | -28.5% |
| Capex IntensityCapex / Revenue | 3.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-19.3M | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $-1.2M | $-4.7M | ||
| Q2 25 | $-4.4M | $-211.0K | ||
| Q1 25 | $-8.8M | $-7.6M | ||
| Q4 24 | $-4.3M | — | ||
| Q3 24 | $650.0K | $3.0M | ||
| Q2 24 | $-4.0M | $-225.0K | ||
| Q1 24 | $-9.3M | — |
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-1.8M | $-4.9M | ||
| Q2 25 | $-5.9M | $-330.0K | ||
| Q1 25 | $-9.4M | $-8.0M | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $-453.0K | $2.2M | ||
| Q2 24 | $-5.5M | $-460.0K | ||
| Q1 24 | $-11.3M | — |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -5.8% | -28.5% | ||
| Q2 25 | -17.6% | -1.9% | ||
| Q1 25 | -24.8% | -47.3% | ||
| Q4 24 | -12.7% | — | ||
| Q3 24 | -1.3% | 14.0% | ||
| Q2 24 | -15.9% | -3.4% | ||
| Q1 24 | -38.2% | — |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 1.9% | 1.6% | ||
| Q2 25 | 4.6% | 0.7% | ||
| Q1 25 | 1.5% | 2.1% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.1% | 4.5% | ||
| Q2 24 | 4.4% | 1.7% | ||
| Q1 24 | 6.7% | — |
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% |
VLN
Segment breakdown not available.
