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Side-by-side financial comparison of Sight Sciences, Inc. (SGHT) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.

Sight Sciences, Inc. is the larger business by last-quarter revenue ($20.4M vs $12.5M, roughly 1.6× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -20.4%, a 21.7% gap on every dollar of revenue. On growth, Sight Sciences, Inc. posted the faster year-over-year revenue change (6.9% vs -0.7%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs 2.9%).

Sight Sciences, Inc. is a commercial-stage medical technology company focused on developing and commercializing innovative products for treating common eye conditions including glaucoma and dry eye disease. It offers minimally invasive surgical devices and non-surgical care solutions, primarily serving ophthalmology clinicians and patients across the United States.

SGHT vs SLSN — Head-to-Head

Bigger by revenue
SGHT
SGHT
1.6× larger
SGHT
$20.4M
$12.5M
SLSN
Growing faster (revenue YoY)
SGHT
SGHT
+7.5% gap
SGHT
6.9%
-0.7%
SLSN
Higher net margin
SLSN
SLSN
21.7% more per $
SLSN
1.3%
-20.4%
SGHT
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
2.9%
SGHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SGHT
SGHT
SLSN
SLSN
Revenue
$20.4M
$12.5M
Net Profit
$-4.2M
$163.0K
Gross Margin
87.3%
27.5%
Operating Margin
-18.0%
1.5%
Net Margin
-20.4%
1.3%
Revenue YoY
6.9%
-0.7%
Net Profit YoY
64.9%
129.2%
EPS (diluted)
$-0.07
$0.00

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
SGHT
SGHT
SLSN
SLSN
Q4 25
$20.4M
$12.5M
Q3 25
$19.9M
$14.6M
Q2 25
$19.6M
$20.4M
Q1 25
$17.5M
$14.6M
Q4 24
$19.1M
$12.6M
Q3 24
$20.2M
$16.9M
Q2 24
$21.4M
$13.0M
Q1 24
$19.3M
$9.9M
Net Profit
SGHT
SGHT
SLSN
SLSN
Q4 25
$-4.2M
$163.0K
Q3 25
$-8.2M
$-1.1M
Q2 25
$-11.9M
$2.7M
Q1 25
$-14.2M
$80.0K
Q4 24
$-11.8M
$-559.0K
Q3 24
$-11.1M
$3.0M
Q2 24
$-12.3M
$856.0K
Q1 24
$-16.3M
$893.0K
Gross Margin
SGHT
SGHT
SLSN
SLSN
Q4 25
87.3%
27.5%
Q3 25
86.4%
23.1%
Q2 25
84.8%
28.9%
Q1 25
86.2%
23.1%
Q4 24
86.8%
22.0%
Q3 24
83.9%
36.2%
Q2 24
85.8%
28.7%
Q1 24
85.5%
36.3%
Operating Margin
SGHT
SGHT
SLSN
SLSN
Q4 25
-18.0%
1.5%
Q3 25
-39.7%
-5.4%
Q2 25
-59.6%
9.4%
Q1 25
-79.2%
1.8%
Q4 24
-62.5%
-1.8%
Q3 24
-55.7%
19.0%
Q2 24
-59.2%
8.0%
Q1 24
-76.4%
11.3%
Net Margin
SGHT
SGHT
SLSN
SLSN
Q4 25
-20.4%
1.3%
Q3 25
-41.0%
-7.7%
Q2 25
-61.0%
13.1%
Q1 25
-80.8%
0.5%
Q4 24
-62.1%
-4.4%
Q3 24
-54.9%
18.1%
Q2 24
-57.7%
6.6%
Q1 24
-84.4%
9.0%
EPS (diluted)
SGHT
SGHT
SLSN
SLSN
Q4 25
$-0.07
$0.00
Q3 25
$-0.16
$-0.02
Q2 25
$-0.23
$0.04
Q1 25
$-0.28
$0.00
Q4 24
$-0.23
$0.00
Q3 24
$-0.22
$0.04
Q2 24
$-0.25
$0.01
Q1 24
$-0.33
$0.02

Balance Sheet & Financial Strength

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

Metric
SGHT
SGHT
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$92.0M
$1.3M
Total DebtLower is stronger
$42.4M
Stockholders' EquityBook value
$63.9M
$17.6M
Total Assets
$115.3M
$50.1M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SGHT
SGHT
SLSN
SLSN
Q4 25
$92.0M
$1.3M
Q3 25
$92.4M
$429.0K
Q2 25
$101.5M
$4.1M
Q1 25
$108.8M
$1.8M
Q4 24
$120.4M
$1.4M
Q3 24
$118.6M
$2.9M
Q2 24
$118.2M
$2.4M
Q1 24
$127.3M
$2.0M
Total Debt
SGHT
SGHT
SLSN
SLSN
Q4 25
$42.4M
Q3 25
$42.4M
Q2 25
$42.4M
Q1 25
$42.4M
Q4 24
$40.0M
Q3 24
$37.1M
Q2 24
$35.0M
Q1 24
$35.0M
Stockholders' Equity
SGHT
SGHT
SLSN
SLSN
Q4 25
$63.9M
$17.6M
Q3 25
$64.3M
$17.2M
Q2 25
$70.0M
$18.2M
Q1 25
$77.6M
$15.2M
Q4 24
$87.5M
$14.9M
Q3 24
$95.0M
$15.2M
Q2 24
$101.6M
$11.9M
Q1 24
$109.2M
$5.0M
Total Assets
SGHT
SGHT
SLSN
SLSN
Q4 25
$115.3M
$50.1M
Q3 25
$116.3M
$54.0M
Q2 25
$122.0M
$60.0M
Q1 25
$129.7M
$57.0M
Q4 24
$142.8M
$50.0M
Q3 24
$143.6M
$48.0M
Q2 24
$149.7M
$40.8M
Q1 24
$155.6M
$38.5M
Debt / Equity
SGHT
SGHT
SLSN
SLSN
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.61×
Q1 25
0.55×
Q4 24
0.46×
Q3 24
0.39×
Q2 24
0.34×
Q1 24
0.32×

Cash Flow & Capital Efficiency

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

Metric
SGHT
SGHT
SLSN
SLSN
Operating Cash FlowLast quarter
$-1.8M
$1.8M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-9.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SGHT
SGHT
SLSN
SLSN
Q4 25
$-1.8M
$1.8M
Q3 25
$-8.7M
$-2.5M
Q2 25
$-7.5M
$-654.0K
Q1 25
$-11.6M
$-7.2M
Q4 24
$-3.5M
$2.2M
Q3 24
$362.0K
$4.2M
Q2 24
$-9.5M
$-565.0K
Q1 24
$-9.8M
$-3.9M
Free Cash Flow
SGHT
SGHT
SLSN
SLSN
Q4 25
$-2.0M
Q3 25
$-8.9M
Q2 25
$-7.8M
Q1 25
Q4 24
$-3.6M
$-404.0K
Q3 24
$311.0K
$2.8M
Q2 24
$-9.5M
$-1.0M
Q1 24
$-9.9M
$-3.9M
FCF Margin
SGHT
SGHT
SLSN
SLSN
Q4 25
-9.7%
Q3 25
-44.7%
Q2 25
-39.6%
Q1 25
Q4 24
-18.9%
-3.2%
Q3 24
1.5%
16.6%
Q2 24
-44.7%
-8.0%
Q1 24
-51.4%
-39.9%
Capex Intensity
SGHT
SGHT
SLSN
SLSN
Q4 25
0.8%
Q3 25
0.9%
Q2 25
1.1%
Q1 25
0.0%
Q4 24
0.7%
20.6%
Q3 24
0.3%
8.3%
Q2 24
0.4%
3.7%
Q1 24
0.6%
0.9%
Cash Conversion
SGHT
SGHT
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SGHT
SGHT

Surgical Glaucoma$19.7M96%
Other$724.0K4%

SLSN
SLSN

Segment breakdown not available.

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