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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
RxSight
RxSight (RXST) investor relations material
RxSight Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Q4 2025 sales were $32.6M, down 19% year-over-year due to lower LDD sales, while LAL revenue mix reached a record 86% of total sales.
Full-year 2025 sales were $134.5M, with 12% LAL sales growth offsetting a 48% decrease in LDD revenue; over 300,000 LAL procedures performed since launch.
Net loss for Q4 2025 was $9.2M ($0.22/share); adjusted net loss was $1.3M ($0.03/share).
Ended 2025 with no debt and $228M in cash equivalents and short-term investments.
Regulatory approval in Australia broadened international opportunities.
Financial highlights
Full-year 2025 global sales were $134.5M, down 4% year-over-year, as 12% LAL revenue growth was offset by a 48% drop in LDD system sales.
Q4 2025 LDD sales: 25 units, $3M revenue; LAL sales: 28,611 units, $28.2M revenue.
Gross margin for Q4 2025 was 77.5%, up from 71.6% year-over-year; full-year 2025 gross margin was 76.6%, up from 70.7% in 2024.
SG&A expenses for Q4 2025 were $27.7M, down 2% year-over-year; R&D expenses were $8.9M, down 3% year-over-year.
Operating expenses for 2025 increased 11% to $151.2M, reflecting investments in commercial expansion and R&D.
Outlook and guidance
2026 revenue guidance: $120M–$135M, implying a ~5% year-over-year decline at midpoint, mainly due to lower LDD sales.
Gross margin expected at 70–72%, impacted by higher per-unit manufacturing costs due to lower LDD production.
Operating expenses for 2026 expected at $150M–$160M, with R&D spending in line with 2025 and $30M–$32M in non-cash stock-based compensation.
Q1 2026 expected to be seasonally weakest; sales growth anticipated to rebound in the second half as comps ease and initiatives gain traction.
International sales contribution in 2026 expected to be modest, with focus on building KOL relationships and clinical data for future growth.
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Next RxSight earnings date
Q1 20266 May, 2026
RxSight
Next RxSight earnings date
Q1 20266 May, 2026
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Frequently asked questions
RxSight Inc. is a medical technology company focused on developing and commercializing adjustable intraocular lenses (IOLs) for patients undergoing cataract surgery. The company's flagship product, the Light Adjustable Lens (LAL), allows for non-invasive adjustments to the lens after implantation, improving visual outcomes. RxSight's technology provides cataract patients with more precise vision correction by enabling post-surgical adjustments tailored to individual needs. The company is headquartered in Aliso Viejo, California, and its shares are listed on the NASDAQ.
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