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Side-by-side financial comparison of Sight Sciences, Inc. (SGHT) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Sight Sciences, Inc. is the larger business by last-quarter revenue ($20.4M vs $15.8M, roughly 1.3× Spire Global, Inc.). Sight Sciences, Inc. runs the higher net margin — -20.4% vs -176.6%, a 156.2% gap on every dollar of revenue. On growth, Sight Sciences, Inc. posted the faster year-over-year revenue change (6.9% vs -26.9%). Sight Sciences, Inc. produced more free cash flow last quarter ($-2.0M vs $-16.2M). Over the past eight quarters, Sight Sciences, Inc.'s revenue compounded faster (2.9% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
SGHT vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $15.8M |
| Net Profit | $-4.2M | $-28.0M |
| Gross Margin | 87.3% | 40.2% |
| Operating Margin | -18.0% | -164.1% |
| Net Margin | -20.4% | -176.6% |
| Revenue YoY | 6.9% | -26.9% |
| Net Profit YoY | 64.9% | 42.7% |
| EPS (diluted) | $-0.07 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $19.9M | $12.7M | ||
| Q2 25 | $19.6M | $19.2M | ||
| Q1 25 | $17.5M | $23.9M | ||
| Q4 24 | $19.1M | $21.7M | ||
| Q3 24 | $20.2M | $28.6M | ||
| Q2 24 | $21.4M | $25.4M | ||
| Q1 24 | $19.3M | $34.8M |
| Q4 25 | $-4.2M | $-28.0M | ||
| Q3 25 | $-8.2M | $-19.7M | ||
| Q2 25 | $-11.9M | $119.6M | ||
| Q1 25 | $-14.2M | $-20.7M | ||
| Q4 24 | $-11.8M | $-48.8M | ||
| Q3 24 | $-11.1M | $-12.5M | ||
| Q2 24 | $-12.3M | $-16.6M | ||
| Q1 24 | $-16.3M | $-25.5M |
| Q4 25 | 87.3% | 40.2% | ||
| Q3 25 | 86.4% | 36.6% | ||
| Q2 25 | 84.8% | 48.9% | ||
| Q1 25 | 86.2% | 36.8% | ||
| Q4 24 | 86.8% | 32.4% | ||
| Q3 24 | 83.9% | 44.5% | ||
| Q2 24 | 85.8% | 43.0% | ||
| Q1 24 | 85.5% | 26.5% |
| Q4 25 | -18.0% | -164.1% | ||
| Q3 25 | -39.7% | -166.1% | ||
| Q2 25 | -59.6% | -122.7% | ||
| Q1 25 | -79.2% | -106.5% | ||
| Q4 24 | -62.5% | -144.1% | ||
| Q3 24 | -55.7% | -48.0% | ||
| Q2 24 | -59.2% | -48.6% | ||
| Q1 24 | -76.4% | -34.4% |
| Q4 25 | -20.4% | -176.6% | ||
| Q3 25 | -41.0% | -155.3% | ||
| Q2 25 | -61.0% | 623.4% | ||
| Q1 25 | -80.8% | -86.5% | ||
| Q4 24 | -62.1% | -225.2% | ||
| Q3 24 | -54.9% | -43.7% | ||
| Q2 24 | -57.7% | -65.2% | ||
| Q1 24 | -84.4% | -73.3% |
| Q4 25 | $-0.07 | $-0.85 | ||
| Q3 25 | $-0.16 | $-0.61 | ||
| Q2 25 | $-0.23 | $3.72 | ||
| Q1 25 | $-0.28 | $-0.77 | ||
| Q4 24 | $-0.23 | $-1.93 | ||
| Q3 24 | $-0.22 | $-0.50 | ||
| Q2 24 | $-0.25 | $-0.68 | ||
| Q1 24 | $-0.33 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | $42.4M | — |
| Stockholders' EquityBook value | $63.9M | $112.9M |
| Total Assets | $115.3M | $211.0M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.0M | $81.8M | ||
| Q3 25 | $92.4M | $96.8M | ||
| Q2 25 | $101.5M | $117.6M | ||
| Q1 25 | $108.8M | $35.9M | ||
| Q4 24 | $120.4M | $19.2M | ||
| Q3 24 | $118.6M | $36.6M | ||
| Q2 24 | $118.2M | $45.8M | ||
| Q1 24 | $127.3M | $63.7M |
| Q4 25 | $42.4M | — | ||
| Q3 25 | $42.4M | — | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $42.4M | $103.7M | ||
| Q4 24 | $40.0M | $103.1M | ||
| Q3 24 | $37.1M | $4.9M | ||
| Q2 24 | $35.0M | $4.9M | ||
| Q1 24 | $35.0M | $123.1M |
| Q4 25 | $63.9M | $112.9M | ||
| Q3 25 | $64.3M | $133.1M | ||
| Q2 25 | $70.0M | $149.2M | ||
| Q1 25 | $77.6M | $3.7M | ||
| Q4 24 | $87.5M | $-11.7M | ||
| Q3 24 | $95.0M | $30.8M | ||
| Q2 24 | $101.6M | $40.3M | ||
| Q1 24 | $109.2M | $52.5M |
| Q4 25 | $115.3M | $211.0M | ||
| Q3 25 | $116.3M | $224.3M | ||
| Q2 25 | $122.0M | $239.5M | ||
| Q1 25 | $129.7M | $208.8M | ||
| Q4 24 | $142.8M | $193.6M | ||
| Q3 24 | $143.6M | $224.2M | ||
| Q2 24 | $149.7M | $230.8M | ||
| Q1 24 | $155.6M | $252.3M |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.55× | 27.92× | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.39× | 0.16× | ||
| Q2 24 | 0.34× | 0.12× | ||
| Q1 24 | 0.32× | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $-2.0M | $-16.2M |
| FCF MarginFCF / Revenue | -9.7% | -102.1% |
| Capex IntensityCapex / Revenue | 0.8% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.8M | $-4.3M | ||
| Q3 25 | $-8.7M | $-12.0M | ||
| Q2 25 | $-7.5M | $-35.1M | ||
| Q1 25 | $-11.6M | $-8.4M | ||
| Q4 24 | $-3.5M | $-19.2M | ||
| Q3 24 | $362.0K | $14.0M | ||
| Q2 24 | $-9.5M | $-4.4M | ||
| Q1 24 | $-9.8M | $-8.8M |
| Q4 25 | $-2.0M | $-16.2M | ||
| Q3 25 | $-8.9M | $-20.4M | ||
| Q2 25 | $-7.8M | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $-3.6M | $-24.3M | ||
| Q3 24 | $311.0K | $5.1M | ||
| Q2 24 | $-9.5M | $-9.9M | ||
| Q1 24 | $-9.9M | $-15.9M |
| Q4 25 | -9.7% | -102.1% | ||
| Q3 25 | -44.7% | -161.3% | ||
| Q2 25 | -39.6% | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | -18.9% | -112.2% | ||
| Q3 24 | 1.5% | 17.8% | ||
| Q2 24 | -44.7% | -39.0% | ||
| Q1 24 | -51.4% | -45.7% |
| Q4 25 | 0.8% | 75.1% | ||
| Q3 25 | 0.9% | 66.2% | ||
| Q2 25 | 1.1% | 18.8% | ||
| Q1 25 | 0.0% | 37.3% | ||
| Q4 24 | 0.7% | 23.5% | ||
| Q3 24 | 0.3% | 31.2% | ||
| Q2 24 | 0.4% | 21.8% | ||
| Q1 24 | 0.6% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SPIR
Segment breakdown not available.
