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Side-by-side financial comparison of Sight Sciences, Inc. (SGHT) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
Sight Sciences, Inc. is the larger business by last-quarter revenue ($20.4M vs $17.3M, roughly 1.2× Valens Semiconductor Ltd.). Sight Sciences, Inc. runs the higher net margin — -20.4% vs -42.2%, a 21.8% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs 6.9%). Sight Sciences, Inc. produced more free cash flow last quarter ($-2.0M vs $-4.9M).
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.
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...
SGHT vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $17.3M |
| Net Profit | $-4.2M | $-7.3M |
| Gross Margin | 87.3% | 63.0% |
| Operating Margin | -18.0% | -46.4% |
| Net Margin | -20.4% | -42.2% |
| Revenue YoY | 6.9% | 8.1% |
| Net Profit YoY | 64.9% | 29.3% |
| EPS (diluted) | $-0.07 | $-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 | $20.4M | — | ||
| Q3 25 | $19.9M | $17.3M | ||
| Q2 25 | $19.6M | $17.1M | ||
| Q1 25 | $17.5M | $16.8M | ||
| Q4 24 | $19.1M | — | ||
| Q3 24 | $20.2M | $16.0M | ||
| Q2 24 | $21.4M | $13.6M | ||
| Q1 24 | $19.3M | — |
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $-8.2M | $-7.3M | ||
| Q2 25 | $-11.9M | $-7.2M | ||
| Q1 25 | $-14.2M | $-8.3M | ||
| Q4 24 | $-11.8M | — | ||
| Q3 24 | $-11.1M | $-10.4M | ||
| Q2 24 | $-12.3M | $-8.9M | ||
| Q1 24 | $-16.3M | — |
| Q4 25 | 87.3% | — | ||
| Q3 25 | 86.4% | 63.0% | ||
| Q2 25 | 84.8% | 63.5% | ||
| Q1 25 | 86.2% | 62.9% | ||
| Q4 24 | 86.8% | — | ||
| Q3 24 | 83.9% | 56.4% | ||
| Q2 24 | 85.8% | 61.4% | ||
| Q1 24 | 85.5% | — |
| Q4 25 | -18.0% | — | ||
| Q3 25 | -39.7% | -46.4% | ||
| Q2 25 | -59.6% | -43.3% | ||
| Q1 25 | -79.2% | -56.2% | ||
| Q4 24 | -62.5% | — | ||
| Q3 24 | -55.7% | -76.3% | ||
| Q2 24 | -59.2% | -69.2% | ||
| Q1 24 | -76.4% | — |
| Q4 25 | -20.4% | — | ||
| Q3 25 | -41.0% | -42.2% | ||
| Q2 25 | -61.0% | -42.1% | ||
| Q1 25 | -80.8% | -49.4% | ||
| Q4 24 | -62.1% | — | ||
| Q3 24 | -54.9% | -64.6% | ||
| Q2 24 | -57.7% | -65.2% | ||
| Q1 24 | -84.4% | — |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.16 | $-0.07 | ||
| Q2 25 | $-0.23 | $-0.07 | ||
| Q1 25 | $-0.28 | $-0.08 | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.22 | $-0.10 | ||
| Q2 24 | $-0.25 | $-0.08 | ||
| Q1 24 | $-0.33 | — |
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 | $93.5M |
| Total DebtLower is stronger | $42.4M | — |
| Stockholders' EquityBook value | $63.9M | $108.8M |
| Total Assets | $115.3M | $136.7M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $92.0M | — | ||
| Q3 25 | $92.4M | $93.5M | ||
| Q2 25 | $101.5M | $102.7M | ||
| Q1 25 | $108.8M | $112.5M | ||
| Q4 24 | $120.4M | — | ||
| Q3 24 | $118.6M | $133.1M | ||
| Q2 24 | $118.2M | $105.9M | ||
| Q1 24 | $127.3M | — |
| 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 | — | ||
| Q3 25 | $64.3M | $108.8M | ||
| Q2 25 | $70.0M | $116.5M | ||
| Q1 25 | $77.6M | $128.6M | ||
| Q4 24 | $87.5M | — | ||
| Q3 24 | $95.0M | $147.0M | ||
| Q2 24 | $101.6M | $153.5M | ||
| Q1 24 | $109.2M | — |
| Q4 25 | $115.3M | — | ||
| Q3 25 | $116.3M | $136.7M | ||
| Q2 25 | $122.0M | $144.8M | ||
| Q1 25 | $129.7M | $154.6M | ||
| Q4 24 | $142.8M | — | ||
| Q3 24 | $143.6M | $171.9M | ||
| Q2 24 | $149.7M | $175.8M | ||
| Q1 24 | $155.6M | — |
| 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 | $-4.7M |
| Free Cash FlowOCF − Capex | $-2.0M | $-4.9M |
| FCF MarginFCF / Revenue | -9.7% | -28.5% |
| Capex IntensityCapex / Revenue | 0.8% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-8.7M | $-4.7M | ||
| Q2 25 | $-7.5M | $-211.0K | ||
| Q1 25 | $-11.6M | $-7.6M | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | $362.0K | $3.0M | ||
| Q2 24 | $-9.5M | $-225.0K | ||
| Q1 24 | $-9.8M | — |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-8.9M | $-4.9M | ||
| Q2 25 | $-7.8M | $-330.0K | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $-3.6M | — | ||
| Q3 24 | $311.0K | $2.2M | ||
| Q2 24 | $-9.5M | $-460.0K | ||
| Q1 24 | $-9.9M | — |
| Q4 25 | -9.7% | — | ||
| Q3 25 | -44.7% | -28.5% | ||
| Q2 25 | -39.6% | -1.9% | ||
| Q1 25 | — | -47.3% | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | 1.5% | 14.0% | ||
| Q2 24 | -44.7% | -3.4% | ||
| Q1 24 | -51.4% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.6% | — |
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% |
VLN
Segment breakdown not available.
