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Side-by-side financial comparison of Sight Sciences, Inc. (SGHT) 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 $20.4M, roughly 1.8× Sight Sciences, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -20.4%, a 11.5% gap on every dollar of revenue. On growth, Sight Sciences, Inc. posted the faster year-over-year revenue change (6.9% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-2.0M). Over the past eight quarters, Sight Sciences, Inc.'s revenue compounded faster (2.9% CAGR vs -15.0%).
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.
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.
SGHT vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $36.5M |
| Net Profit | $-4.2M | $-3.2M |
| Gross Margin | 87.3% | 38.6% |
| Operating Margin | -18.0% | -10.9% |
| Net Margin | -20.4% | -8.9% |
| Revenue YoY | 6.9% | 3.1% |
| Net Profit YoY | 64.9% | 71.6% |
| EPS (diluted) | $-0.07 | $-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 | $20.4M | $36.5M | ||
| Q3 25 | $19.9M | $36.2M | ||
| Q2 25 | $19.6M | $38.3M | ||
| Q1 25 | $17.5M | $41.3M | ||
| Q4 24 | $19.1M | $35.4M | ||
| Q3 24 | $20.2M | $40.5M | ||
| Q2 24 | $21.4M | $48.5M | ||
| Q1 24 | $19.3M | $50.5M |
| Q4 25 | $-4.2M | $-3.2M | ||
| Q3 25 | $-8.2M | $-6.3M | ||
| Q2 25 | $-11.9M | $-10.9M | ||
| Q1 25 | $-14.2M | $-40.2M | ||
| Q4 24 | $-11.8M | $-11.4M | ||
| Q3 24 | $-11.1M | $-9.9M | ||
| Q2 24 | $-12.3M | $-4.6M | ||
| Q1 24 | $-16.3M | $-7.7M |
| Q4 25 | 87.3% | 38.6% | ||
| Q3 25 | 86.4% | 26.4% | ||
| Q2 25 | 84.8% | 33.1% | ||
| Q1 25 | 86.2% | 32.8% | ||
| Q4 24 | 86.8% | 28.7% | ||
| Q3 24 | 83.9% | 33.2% | ||
| Q2 24 | 85.8% | 35.7% | ||
| Q1 24 | 85.5% | 38.5% |
| Q4 25 | -18.0% | -10.9% | ||
| Q3 25 | -39.7% | -19.4% | ||
| Q2 25 | -59.6% | -30.5% | ||
| Q1 25 | -79.2% | -99.9% | ||
| Q4 24 | -62.5% | -36.6% | ||
| Q3 24 | -55.7% | -29.0% | ||
| Q2 24 | -59.2% | -14.3% | ||
| Q1 24 | -76.4% | -20.1% |
| Q4 25 | -20.4% | -8.9% | ||
| Q3 25 | -41.0% | -17.3% | ||
| Q2 25 | -61.0% | -28.3% | ||
| Q1 25 | -80.8% | -97.2% | ||
| Q4 24 | -62.1% | -32.3% | ||
| Q3 24 | -54.9% | -24.5% | ||
| Q2 24 | -57.7% | -9.5% | ||
| Q1 24 | -84.4% | -15.2% |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.16 | $-0.03 | ||
| Q2 25 | $-0.23 | $-0.06 | ||
| Q1 25 | $-0.28 | $-0.21 | ||
| Q4 24 | $-0.23 | $-0.06 | ||
| Q3 24 | $-0.22 | $-0.05 | ||
| Q2 24 | $-0.25 | $-0.02 | ||
| Q1 24 | $-0.33 | $-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 | $92.0M | $104.5M |
| Total DebtLower is stronger | $42.4M | — |
| Stockholders' EquityBook value | $63.9M | $232.1M |
| Total Assets | $115.3M | $320.9M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.0M | $104.5M | ||
| Q3 25 | $92.4M | $100.0M | ||
| Q2 25 | $101.5M | $105.0M | ||
| Q1 25 | $108.8M | $125.6M | ||
| Q4 24 | $120.4M | $142.5M | ||
| Q3 24 | $118.6M | $163.4M | ||
| Q2 24 | $118.2M | $187.4M | ||
| Q1 24 | $127.3M | $204.7M |
| 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 | — |
| Q4 25 | $63.9M | $232.1M | ||
| Q3 25 | $64.3M | $234.4M | ||
| Q2 25 | $70.0M | $238.8M | ||
| Q1 25 | $77.6M | $250.7M | ||
| Q4 24 | $87.5M | $289.4M | ||
| Q3 24 | $95.0M | $305.1M | ||
| Q2 24 | $101.6M | $329.4M | ||
| Q1 24 | $109.2M | $333.1M |
| Q4 25 | $115.3M | $320.9M | ||
| Q3 25 | $116.3M | $335.8M | ||
| Q2 25 | $122.0M | $354.0M | ||
| Q1 25 | $129.7M | $366.1M | ||
| Q4 24 | $142.8M | $420.2M | ||
| Q3 24 | $143.6M | $448.6M | ||
| Q2 24 | $149.7M | $475.3M | ||
| Q1 24 | $155.6M | $485.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.8M | $7.7M |
| Free Cash FlowOCF − Capex | $-2.0M | $7.7M |
| FCF MarginFCF / Revenue | -9.7% | 21.0% |
| Capex IntensityCapex / Revenue | 0.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.8M | $7.7M | ||
| Q3 25 | $-8.7M | $-2.1M | ||
| Q2 25 | $-7.5M | $-14.9M | ||
| Q1 25 | $-11.6M | $-12.2M | ||
| Q4 24 | $-3.5M | $-12.0M | ||
| Q3 24 | $362.0K | $-3.7M | ||
| Q2 24 | $-9.5M | $-13.9M | ||
| Q1 24 | $-9.8M | $-3.3M |
| Q4 25 | $-2.0M | $7.7M | ||
| Q3 25 | $-8.9M | $-2.2M | ||
| Q2 25 | $-7.8M | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | $-3.6M | $-13.3M | ||
| Q3 24 | $311.0K | $-3.9M | ||
| Q2 24 | $-9.5M | $-14.1M | ||
| Q1 24 | $-9.9M | $-3.4M |
| Q4 25 | -9.7% | 21.0% | ||
| Q3 25 | -44.7% | -6.1% | ||
| Q2 25 | -39.6% | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | -18.9% | -37.5% | ||
| Q3 24 | 1.5% | -9.7% | ||
| Q2 24 | -44.7% | -29.1% | ||
| Q1 24 | -51.4% | -6.7% |
| Q4 25 | 0.8% | 0.0% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 1.1% | 3.3% | ||
| Q1 25 | 0.0% | 5.3% | ||
| Q4 24 | 0.7% | 3.5% | ||
| Q3 24 | 0.3% | 0.6% | ||
| Q2 24 | 0.4% | 0.5% | ||
| Q1 24 | 0.6% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SGHT
| Surgical Glaucoma | $19.7M | 96% |
| Other | $724.0K | 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% |
