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RxSight (RXST) investor relations material
RxSight Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $30.3 million, down 14% year-over-year, primarily due to a significant decline in LDD sales, partially offset by a 6% increase in LAL procedure volume.
Gross margin improved to 79.9–80%, up over 840 basis points year-over-year, driven by a higher LAL mix.
Net loss widened to $9.8 million ($0.24 per share) from $6.3 million ($0.16 per share) a year ago; adjusted net loss was $1.7 million ($0.04 per share).
Ended Q3 with $227.5 million in cash, cash equivalents, and short-term investments.
Strategic initiatives included realignment of the U.S. commercial organization, new leadership for international markets, and launch of clinical engagement programs.
Financial highlights
Q3 2025 revenue: $30.3 million, down 14% year-over-year; gross profit: $24.2 million (80% margin).
Sold 26,045 LALs, generating $25.7 million (85% of revenue), up 6% year-over-year; LDD sales down 68% to 25 units.
SG&A expenses rose 7% year-over-year to $27.3 million; R&D expenses increased 3% to $9.1 million.
Operating expenses for Q3: $36.4 million, up 6% year-over-year.
Weighted-average shares outstanding: 40.97 million in Q3 2025.
Outlook and guidance
Full-year 2025 revenue guidance narrowed to $125–$130 million, implying a 7–11% year-over-year decline.
Gross margin guidance raised to 76–77%, up from 72–74% previously.
Operating expenses expected at $145–$155 million, including $30–$32 million in non-cash stock-based compensation.
Management expects continued net operating losses in the near term but current liquidity is expected to fund operations for at least 12 months.
2026 expected to show sequential growth, focusing on LAL volume and measured LDD placements.
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