Sight Sciences reports preliminary Q4 2025 revenue of $20.3-$20.4 million, with significant growth in Dry Eye segment.
Quiver AI Summary
Sight Sciences, Inc. reported preliminary financial highlights for the fourth quarter and full year of 2025, indicating a total revenue for Q4 expected between $20.3 million and $20.4 million, reflecting a 7% increase year-over-year, while the full year's revenue is projected to be between $77.3 million and $77.4 million, a 3% decrease from the previous year. Surgical Glaucoma revenues for Q4 are anticipated to be around $19.6 million to $19.7 million, marking a 5% increase, but Dry Eye revenues are expected to drop significantly, from $4.0 million in 2024 to approximately $1.6 million in 2025. The company emphasized progress in managing cash, reaching approximately $92 million in cash equivalents by year-end. CEO Paul Badawi expressed optimism about the company's growth outlook and operational discipline, highlighting achievements in Dry Eye reimbursements and the continued momentum in the Surgical Glaucoma sector. The company plans to release complete financial results in March 2026.
Potential Positives
- Fourth quarter 2025 revenue projected to be between $20.3 million and $20.4 million, indicating a 7% increase compared to the prior year period.
- Surgical Glaucoma revenues expected to grow by 5% at the estimated midpoint compared to the previous year, highlighting strength in this product line.
- Dry Eye revenues are expected to rise significantly by approximately 130% year-over-year, demonstrating successful market adoption of this offering.
- Company reported strong cash management with approximately $92 million in cash and minimal cash used in the quarter, indicating operational discipline and financial stability.
Potential Negatives
- Full year 2025 total revenue is expected to decrease by 3% compared to the prior year, indicating a potential decline in business performance.
- Surgical Glaucoma revenues are flat compared to the previous year, suggesting stagnation in a key revenue segment.
- Dry Eye revenues have significantly dropped from $4.0 million in 2024 to approximately $1.6 million in 2025, highlighting a substantial decline in a growing market segment.
FAQ
What were Sight Sciences' fourth quarter 2025 total revenues?
Fourth quarter 2025 total revenue is expected to be between $20.3 million and $20.4 million, a 7% increase year-over-year.
How did Surgical Glaucoma revenues perform in 2025?
Surgical Glaucoma revenues are expected to range from $19.6 million to $19.7 million in the fourth quarter, reflecting a 5% increase.
What were the trends in Dry Eye revenues for 2025?
Dry Eye revenues are expected to be approximately $0.7 million in Q4 2025, marking a 130% increase compared to the prior year.
What is Sight Sciences' cash position as of December 31, 2025?
As of December 31, 2025, Sight Sciences had approximately $92 million in cash and cash equivalents.
When will Sight Sciences announce their complete financial results for 2025?
The complete financial results for the fourth quarter and full year 2025 are expected to be announced in March 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SGHT Insider Trading Activity
$SGHT insiders have traded $SGHT stock on the open market 22 times in the past 6 months. Of those trades, 1 have been purchases and 21 have been sales.
Here’s a breakdown of recent trading of $SGHT stock by insiders over the last 6 months:
- JEREMY B. HAYDEN (Chief Legal Officer) has made 0 purchases and 5 sales selling 68,901 shares for an estimated $506,182.
- PAUL BADAWI (President and CEO) has made 0 purchases and 3 sales selling 61,667 shares for an estimated $358,815.
- ALISON BAUERLEIN (Chief Operating Officer) has made 0 purchases and 3 sales selling 40,491 shares for an estimated $223,194.
- STAFFAN ENCRANTZ purchased 13,958 shares for an estimated $115,963
- BRENTON TAYLOR (EVP, Operations & R&D) has made 0 purchases and 3 sales selling 15,628 shares for an estimated $108,412.
- DAVID BADAWI (Chief Technology Officer) has made 0 purchases and 4 sales selling 15,693 shares for an estimated $92,876.
- JAMES RODBERG (Chief Financial Officer) has made 0 purchases and 3 sales selling 7,517 shares for an estimated $59,663.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SGHT Revenue
$SGHT had revenues of $19.9M in Q3 2025. This is a decrease of -1.25% from the same period in the prior year.
You can track SGHT financials on Quiver Quantitative's SGHT stock page.
$SGHT Hedge Fund Activity
We have seen 43 institutional investors add shares of $SGHT stock to their portfolio, and 28 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PROSIGHT MANAGEMENT, LP removed 431,746 shares (-49.5%) from their portfolio in Q3 2025, for an estimated $1,485,206
- AMERICANA PARTNERS, LLC added 365,901 shares (+42.4%) to their portfolio in Q3 2025, for an estimated $1,258,699
- GOTHAM ASSET MANAGEMENT, LLC removed 156,471 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $538,260
- VANGUARD GROUP INC added 102,609 shares (+5.7%) to their portfolio in Q3 2025, for an estimated $352,974
- CITADEL ADVISORS LLC removed 82,163 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $282,640
- PALUMBO WEALTH MANAGEMENT LLC removed 79,404 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $273,149
- MILLENNIUM MANAGEMENT LLC added 79,265 shares (+145.2%) to their portfolio in Q3 2025, for an estimated $272,671
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SGHT Analyst Ratings
Wall Street analysts have issued reports on $SGHT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Lake Street issued a "Buy" rating on 12/10/2025
To track analyst ratings and price targets for $SGHT, check out Quiver Quantitative's $SGHT forecast page.
$SGHT Price Targets
Multiple analysts have issued price targets for $SGHT recently. We have seen 5 analysts offer price targets for $SGHT in the last 6 months, with a median target of $9.1.
Here are some recent targets:
- Adam Maeder from Piper Sandler set a target price of $9.0 on 01/05/2026
- Danielle Antalffy from UBS set a target price of $12.0 on 12/23/2025
- Joanne Wuensch from Citigroup set a target price of $9.1 on 12/11/2025
- Frank Takkinen from Lake Street set a target price of $12.0 on 12/10/2025
- Cecilia Furlong from Morgan Stanley set a target price of $8.0 on 12/02/2025
Full Release
MENLO PARK, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Sight Sciences, Inc. (Nasdaq: SGHT) (Sight Sciences or the Company), an eyecare technology company focused on developing and commercializing innovative, interventional technologies intended to transform care and improve patients' lives, today reported select preliminary, unaudited financial highlights for the fourth quarter and full year ended December 31, 2025.
Select Preliminary Financial Highlights
Fourth quarter 2025 total revenue is expected to be in the range of $20.3 million to $20.4 million, an increase of 7% at the estimated midpoint compared to the prior year period.
- Surgical Glaucoma revenues are expected to be in the range of $19.6 million to $19.7 million, an increase of 5% at the estimated midpoint compared to the prior year period.
- Dry Eye revenues are expected to be approximately $0.7 million, an increase of approximately 130% compared to the prior year period.
Full year 2025 total revenue is expected to be in the range of $77.3 million to $77.4 million, a decrease of 3% at the estimated midpoint compared to the prior year.
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Surgical Glaucoma revenues are expected to be in the range of $75.6 million to $75.7 million, flat at the estimated midpoint compared to the prior year.
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Dry Eye revenues are expected to be approximately $1.6 million, compared to $4.0 million in 2024.
The Company’s cash and cash equivalents as of December 31, 2025, were approximately $92 million, compared to $92.4 million as of September 30, 2025.
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Cash used in the quarter totaled approximately $0.4 million, reflecting continued operational discipline.
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Cash used during the year totaled approximately $28 million.
“We are pleased with our progress in the fourth quarter, including approximately 7% revenue growth compared to the prior year period, strong cash management, significant Dry Eye reimbursement milestones, and continued Surgical Glaucoma momentum,” said Paul Badawi, Co-Founder and CEO of Sight Sciences. “Key Dry Eye achievements include the establishment of two Medicare Administrative Contractor fee schedules and positive early validation of our reimbursed interventional Dry Eye business model. As we continue building a leading interventional eye care company, we remain confident in our growth outlook, operational discipline, and path toward cash flow breakeven without requiring additional equity capital.”
The Company’s fourth quarter and full year 2025 preliminary, unaudited financial results included in this press release have been prepared by management and are based on information currently available to management and subject to the completion of the Company’s 2025 audit. The Company expects to announce complete fourth quarter and full year 2025 financial results in March 2026.
Financial Disclosure Advisory
The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). The select preliminary, unaudited results described in this press release are estimates only and are subject to revision until the Company reports its full financial and business results for the fourth quarter and full year 2025. These estimates are not a comprehensive statement of the Company’s financial results for the fourth quarter and full year 2025 and actual results may differ materially from these estimates as a result of the completion of year-end accounting procedures and adjustments, including the execution of the Company’s internal control over financial reporting, the completion of the preparation and audit of the Company’s financial statements and the subsequent occurrence or identification of events prior to the formal issuance of the audited financial statements for the full year 2025.
About Sight Sciences
Sight Sciences is an eyecare technology company focused on developing and commercializing innovative and interventional solutions intended to transform care and improve patients’ lives. Using minimally invasive or non-invasive approaches to target the underlying causes of the world’s most prevalent eye diseases, Sight Sciences seeks to create more effective treatment paradigms that enhance patient care and supplant conventional outdated approaches. The Company’s
OMNI
®
Surgical System
and
OMNI
®
Edge Surgical System
are implant-free, minimally invasive glaucoma surgery technologies indicated in the United States to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The OMNI Surgical System is CE Marked for the catheterization and transluminal viscodilation of Schlemm’s canal and cutting of the trabecular meshwork to reduce intraocular pressure in adult patients with open-angle glaucoma. Glaucoma is the world’s leading cause of irreversible blindness. The
SION
®
Surgical System
is a bladeless, manually operated device used in ophthalmic surgical procedures to excise trabecular meshwork. The Company’s
TearCare
®
System
is 510(k) cleared in the United States for the application of localized heat therapy in adult patients with evaporative dry eye disease due to meibomian gland disease (MGD), enabling clearance of gland obstructions by physicians to address the leading cause of dry eye disease. Visit
www.sightsciences.com
for more information.
Sight Sciences, the Sight Sciences logo, TearCare, and SmartLids are trademarks of Sight Sciences registered in the United States. OMNI and SION are trademarks of Sight Sciences registered in the United States, European Union and other territories.
© 2026 Sight Sciences. All rights reserved.
Forward-Looking Statements
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with such safe harbor provisions. Any statements made in this press release or during the earnings call that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include, but are not limited to, statements concerning expected financial and business results for fourth quarter and full year 2025; the Company’s confidence in its growth outlook, operational discipline, and path toward cash flow breakeven without requiring additional equity capital; and timing for announcement of complete fourth quarter and full year 2025 financial and business results. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results. These forward-looking statements are subject to and involve numerous risks, uncertainties and assumptions, including those discussed under the caption “Risk Factors” in our filings with the U.S. Securities and Exchange Commission, as may be updated from time to time in subsequent filings, and you should not place undue reliance on these statements. These cautionary statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Investor contact:
Philip Taylor
Gilmartin Group
415.937.5406
[email protected]
Media contact:
[email protected]