Sight Sciences (SGHT)


Market Price (9/2/2026): $8.07 | Market Cap: $439.9 MilSector: Health Care | Industry: Life Sciences Tools & Services

Sight Sciences (SGHT)


Market Price (9/2/2026): $8.07
Market Cap: $439.9 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, and Chronic Ophthalmic Disease Management.

Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -45%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%

Stock price has recently run up significantly
12M Rtn12 month market price return is 102%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -28%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 109%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%

Key risks
SGHT key risks include [1] adverse Medicare coverage decisions severely limiting reimbursement for its core OMNI and TearCare systems, Show more.

0 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, and Chronic Ophthalmic Disease Management.
1 Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -45%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 102%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -28%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 109%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
9 Key risks
SGHT key risks include [1] adverse Medicare coverage decisions severely limiting reimbursement for its core OMNI and TearCare systems, Show more.

SGHT in ETFs

Weight = SGHT's share of each fund

VTI0.00%
IWM0.01%
IWO0.02%
VTWO0.01%
SCHA0.01%
DFAS0.01%
SCHB0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/1/2026

Sight Sciences (SGHT) stock has gained about 70% since 5/31/2026 because of the following key factors:

1. FDA Clearance of the OMNI Ultra Surgical System.

Sight Sciences received U.S. Food and Drug Administration (FDA) 510(k) clearance for its OMNI Ultra Surgical System on August 4, 2026. This new system, designed for minimally invasive glaucoma surgery (MIGS), is notable as the first FDA-cleared MIGS device for circumferential canaloplasty in a single pass, which is expected to expand the company's leadership in interventional glaucoma.

2. Robust Fiscal Q2 2026 Financial Performance and Raised Full-Year Guidance.

On August 5, 2026, Sight Sciences reported strong financial results for fiscal Q2 2026 (ended June 30, 2026), significantly exceeding analyst expectations. The company posted an earnings per share (EPS) loss of $0.08, beating the consensus estimate of a $0.18 loss, and reported revenue of $23.39 million, surpassing analyst expectations of $21.72 million. This represented a 20% increase in revenue compared to fiscal Q2 2025. Furthermore, Interventional Dry Eye (IDE) revenue saw substantial growth, increasing by 704% year-over-year to $2.7 million. Following these results, Sight Sciences raised its full-year 2026 revenue guidance to a range of $88 million to $92 million, up from the prior guidance of $83 million to $89 million, and reduced its full-year 2026 adjusted operating expense guidance to $92 million to $94 million from $93 million to $96 million, signaling improving operational efficiency.

Show more
Updated on 9/1/2026

Sight Sciences (SGHT) stock has gained about 70% since 5/31/2026 because of the following key factors:

1. FDA Clearance of the OMNI Ultra Surgical System.

Sight Sciences received U.S. Food and Drug Administration (FDA) 510(k) clearance for its OMNI Ultra Surgical System on August 4, 2026. This new system, designed for minimally invasive glaucoma surgery (MIGS), is notable as the first FDA-cleared MIGS device for circumferential canaloplasty in a single pass, which is expected to expand the company's leadership in interventional glaucoma.

2. Robust Fiscal Q2 2026 Financial Performance and Raised Full-Year Guidance.

On August 5, 2026, Sight Sciences reported strong financial results for fiscal Q2 2026 (ended June 30, 2026), significantly exceeding analyst expectations. The company posted an earnings per share (EPS) loss of $0.08, beating the consensus estimate of a $0.18 loss, and reported revenue of $23.39 million, surpassing analyst expectations of $21.72 million. This represented a 20% increase in revenue compared to fiscal Q2 2025. Furthermore, Interventional Dry Eye (IDE) revenue saw substantial growth, increasing by 704% year-over-year to $2.7 million. Following these results, Sight Sciences raised its full-year 2026 revenue guidance to a range of $88 million to $92 million, up from the prior guidance of $83 million to $89 million, and reduced its full-year 2026 adjusted operating expense guidance to $92 million to $94 million from $93 million to $96 million, signaling improving operational efficiency.

3. Expanded Reimbursement and Product Indications.

Sight Sciences benefited from expanded market access and product indications during the period. On August 5, 2026, Aetna, Inc. updated its Glaucoma Surgery Policy to recognize the OMNI Surgical System as "medically necessary" for the treatment of mild-to-moderate primary open-angle glaucoma, broadening commercial coverage. Additionally, on August 19, 2026, the FDA expanded the TearCare System's Indications for Use, making it the first and only meibomian gland dysfunction (MGD) treatment indicated to improve meibomian gland function in patients with evaporative dry eye disease.

4. Positive Analyst Sentiment and Increased Price Targets.

Following the strong Q2 2026 results and significant product and reimbursement news, several analysts upgraded their ratings or increased their price targets for SGHT stock. For instance, on August 6, 2026, UBS Group increased its price target from $7.00 to $8.00 while maintaining a "buy" rating. The average analyst price target also rose to $9.00, reflecting a consensus "Buy" rating and a positive outlook on the stock's future performance.

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Stock Movement Drivers

Fundamental Drivers

The 68.5% change in SGHT stock from 5/31/2026 to 9/1/2026 was primarily driven by a 62.5% change in the company's P/S Multiple.
(LTM values as of)53120269012026Change
Stock Price ($)4.868.1968.5%
Change Contribution By: 
Total Revenues ($ Mil)80834.8%
P/S Multiple3.35.462.5%
Shares Outstanding (Mil)5455-1.0%
Cumulative Contribution68.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/1/2026
ReturnCorrelation
SGHT68.5% 
Market (SPY)0.7%11.9%
Sector (XLV)14.9%20.2%

Fundamental Drivers

The 58.7% change in SGHT stock from 2/28/2026 to 9/1/2026 was primarily driven by a 50.7% change in the company's P/S Multiple.
(LTM values as of)22820269012026Change
Stock Price ($)5.168.1958.7%
Change Contribution By: 
Total Revenues ($ Mil)76839.6%
P/S Multiple3.65.450.7%
Shares Outstanding (Mil)5255-3.9%
Cumulative Contribution58.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/1/2026
ReturnCorrelation
SGHT58.7% 
Market (SPY)11.4%23.3%
Sector (XLV)7.6%26.5%

Fundamental Drivers

The 101.7% change in SGHT stock from 8/31/2025 to 9/1/2026 was primarily driven by a 94.2% change in the company's P/S Multiple.
(LTM values as of)83120259012026Change
Stock Price ($)4.068.19101.7%
Change Contribution By: 
Total Revenues ($ Mil)76839.3%
P/S Multiple2.85.494.2%
Shares Outstanding (Mil)5255-4.9%
Cumulative Contribution101.7%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/1/2026
ReturnCorrelation
SGHT101.7% 
Market (SPY)19.1%27.6%
Sector (XLV)26.5%25.4%

Fundamental Drivers

The 24.8% change in SGHT stock from 8/31/2023 to 9/1/2026 was primarily driven by a 37.1% change in the company's P/S Multiple.
(LTM values as of)83120239012026Change
Stock Price ($)6.568.1924.8%
Change Contribution By: 
Total Revenues ($ Mil)82832.3%
P/S Multiple3.95.437.1%
Shares Outstanding (Mil)4955-11.0%
Cumulative Contribution24.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/1/2026
ReturnCorrelation
SGHT24.8% 
Market (SPY)75.1%26.9%
Sector (XLV)34.9%21.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SGHT Return-48%-31%-58%-29%118%7%-75%
Peers Return19%-20%-8%-19%37%5%2%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
SGHT Win Rate33%58%33%42%50%50% 
Peers Win Rate60%50%48%42%54%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SGHT Max Drawdown--69%-90%-60%-43%-56% 
Peers Max Drawdown-29%-44%-49%-37%-37%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, TECH, ATEC, CERS, FRNM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/1/2026 (YTD)

How Low Can It Go

EventSGHTS&P 500
2025 US Tariff Shock
  % Loss-24.8%-18.8%
  % Gain to Breakeven33.0%23.1%
  Time to Breakeven14 days79 days
2024 Yen Carry Trade Unwind
  % Loss-10.7%-7.8%
  % Gain to Breakeven12.0%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-84.2%-9.5%
  % Gain to Breakeven533.3%10.5%
  Time to Breakeven264 days24 days

Compare to A, TECH, ATEC, CERS, FRNM

In The Past

Sight Sciences's stock fell -24.8% during the 2025 US Tariff Shock. Such a loss loss requires a 33.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSGHTS&P 500
2025 US Tariff Shock
  % Loss-24.8%-18.8%
  % Gain to Breakeven33.0%23.1%
  Time to Breakeven14 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-84.2%-9.5%
  % Gain to Breakeven533.3%10.5%
  Time to Breakeven264 days24 days

Compare to A, TECH, ATEC, CERS, FRNM

In The Past

Sight Sciences's stock fell -24.8% during the 2025 US Tariff Shock. Such a loss loss requires a 33.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Sight Sciences (SGHT)

Sight Sciences, Inc. (SGHT) is an ophthalmic medical device company that develops and commercializes both surgical and nonsurgical technologies for the treatment of various eye diseases. The company aims to provide innovative solutions that address significant needs within the eye care sector, empowering eye care professionals to better manage patient conditions.

The company's core product portfolio includes two primary systems. The OMNI Surgical System is a therapeutic device specifically designed for ophthalmic surgeons. It is used to reduce intraocular pressure in adult patients suffering from glaucoma, a leading cause of irreversible blindness. Alongside this, Sight Sciences offers the TearCare System, a wearable eyelid technology developed for ophthalmologists and optometrists to treat dry eye disease (DED), a widespread condition characterized by discomfort and potential vision impairment.

Sight Sciences primarily serves the United States market, distributing its products through a dedicated network of sales representatives and distributors. Its main customers include hospitals, medical centers, and a wide range of eyecare professionals, such as ophthalmic surgeons, ophthalmologists, and optometrists, who utilize these technologies to provide advanced care for their patients.

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Here are 1-3 brief analogies for Sight Sciences (SGHT):

  • Like a specialized Alcon (ALC), but focusing on innovative surgical and non-surgical devices for glaucoma and dry eye.
  • Imagine a Dexcom (DXCM) or Insulet (PODD) for ophthalmology, developing specialized medical devices for chronic eye conditions like glaucoma and dry eye.

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  • OMNI Surgical System: A therapeutic device used to reduce intraocular pressure in adult glaucoma patients.
  • TearCare System: A wearable eyelid technology for the treatment of dry eye disease (DED).
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Sight Sciences (SGHT) sells its products primarily to other companies and institutions within the healthcare sector. Its major customers are:

  1. Hospitals
  2. Medical Centers
  3. Eyecare Professionals (including ophthalmologists and optometrists, often operating in private practices or clinics)

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Paul Badawi, Founder & Chief Executive Officer

Paul Badawi is the co-founder and Chief Executive Officer of Sight Sciences, Inc., serving in this role since 2011. He is a co-inventor of several of the company's key products, including the OMNI Surgical System and the TearCare System. Prior to co-founding Sight Sciences, Paul led the U.S. healthcare venture capital practice for 3i Group, a global private equity firm. In this role, he managed a portfolio of 12 medical device investments and $120 million invested, and served as a lead investor and board member for companies such as Ulthera (acquired by Merz), Xthetix (acquired by J&J), and NeoGuide (acquired by Intuitive Surgical). His prior experience also includes working as a Research Fellow at the National Institutes of Health.

James Rodberg, Chief Financial Officer and Treasurer

James Rodberg became the Chief Financial Officer of Sight Sciences, Inc. in November 2025, succeeding Alison Bauerlein. He joined Sight Sciences in early 2021 as Vice President of Finance and Corporate Controller and also served as interim CFO in 2023. With two decades of experience in public accounting and company finance leadership, his previous roles include Vice President of Finance, Planning and Analysis at nVent Electric, and Director of Finance at Abbott Laboratories. He also held several increasingly senior finance and accounting positions at St. Jude Medical prior to its acquisition by Abbott.

Alison Bauerlein, Chief Operating Officer

Alison Bauerlein was appointed Chief Operating Officer of Sight Sciences, Inc. in November 2025, a newly created position. She previously served as the company's Chief Financial Officer since joining in April 2023. Her experience includes leading global finance and accounting functions, investor relations, and business development, and she previously worked at Inogen, a medical technology company.

Dr. David Badawi, M.D., Founder & Chief Technology Officer

Dr. David Badawi is a co-founder and the Chief Technology Officer of Sight Sciences, Inc.

Jeremy Hayden, General Counsel & Chief Compliance Officer

Jeremy Hayden serves as the General Counsel & Chief Compliance Officer for Sight Sciences, Inc. He brings over 20 years of experience providing legal counsel to life science businesses, including serving as General Counsel and Chief Compliance Officer for Endologix, Inc., and General Counsel at Cytori Therapeutics, Inc. He was also a senior legal team member of Volcano prior to its acquisition by Royal Philips.

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The key risks to Sight Sciences (SGHT) include:

  1. Persistent Cash Burn and Unprofitability: Sight Sciences faces ongoing financial challenges with a persistent cash burn and has been noted as currently unprofitable, with forecasts suggesting it may not achieve profitability within the next three years. The company has posted significant net losses, indicating struggles in achieving and maintaining a positive earnings profile despite efforts to manage costs.
  2. Delayed or Restrictive Insurance Coverage and Reimbursement: The company has encountered significant challenges with insurance coverage and reimbursement for its products, particularly the TearCare System. This issue limits the uptake of its technologies and has flattened revenue growth, making market access and reimbursement expansion critical for future success.
  3. Increasing Competition in the Minimally Invasive Glaucoma Surgery (MIGS) Market: Sight Sciences operates in a competitive landscape, specifically within the MIGS market with its OMNI Surgical System. The company faces increasing competition from other medical device companies, which can impact its market share and pricing power.

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Sight Sciences (NASDAQ: SGHT) addresses significant markets with its primary products. For its OMNI Surgical System, used to reduce intraocular pressure in adult glaucoma patients, the company targets an addressable market in the United States of approximately $6 billion. This U.S. market opportunity is further segmented into roughly $1.0 billion within the combination cataract procedure market and $5.0 billion in the standalone procedure market. The TearCare System, which treats dry eye disease (DED), has an estimated addressable market opportunity in the United States of about $3 billion. The broader U.S. market for dry eye treatments was valued at $2.4 billion in 2025.

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Sight Sciences (NASDAQ: SGHT) is expected to drive future revenue growth over the next 2-3 years through several key strategies centered around its core product portfolio and market expansion efforts.

  1. Continued Adoption and Enhancement of the OMNI Surgical System for Interventional Glaucoma: The OMNI Surgical System, a therapeutic device for reducing intraocular pressure in adult glaucoma patients, is projected to sustain growth, particularly through increasing its market share within the minimally invasive glaucoma surgery (MIGS) sector. This growth is further bolstered by targeted investments in standalone market education and commercialization. The recent launch of the OMNI Edge Surgical System in April 2025, featuring higher viscoelastic capacity and TruSync™ technology, is anticipated to enhance the product's appeal and drive increased adoption. Additionally, real-world data demonstrating OMNI's long-term effectiveness in reducing intraocular pressure (IOP) and medication use supports its continued utilization. Expanded coverage, such as UnitedHealthcare's inclusion of OMNI for glaucoma procedures starting October 2025, is also expected to broaden market reach.
  2. Rebound and Scaling of the TearCare System for Interventional Dry Eye: Sight Sciences anticipates a significant rebound in revenue from its Interventional Dry Eye segment, with projections of $5 million to $7 million in 2026, a substantial increase from $1.6 million in 2025. This expected growth is largely attributed to recent reimbursement gains, including the establishment of pricing for CPT code 0563T by Novitas and First Coast Service Options. The company plans to dedicate expanded market access and commercial resources to scale the reimbursed dry eye market. Clinical evidence also supports TearCare's efficacy in improving meibomian gland function and ocular surface health, and it has demonstrated cost savings and greater health utility compared to other treatments, which could encourage further adoption.
  3. Expansion of Market Access and Commercial Resources: To support the growth of both its glaucoma and dry eye segments, Sight Sciences plans to modestly increase adjusted operating expenses in 2026. These strategic investments are aimed at funding expanded market access and commercial resources, particularly to scale the reimbursed dry eye market and pursue opportunities in the pseudophakic standalone glaucoma market. Efforts include increasing the number of ordering accounts and enhancing utilization within existing customer bases across both interventional glaucoma and interventional dry eye.

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Share Issuance

  • Sight Sciences' issuance of common stock peaked in December 2021 at $257 million.
  • The median issuance of common stock from fiscal years ending December 2020 to 2024 was $1.248 million.
  • In Q4 2025, Sight Sciences had 53 million shares outstanding, which was an increase of 1.2% from the prior quarter.

Capital Expenditures

  • Sight Sciences invested -$156,000 in capital expenditures in Q4 2025.
  • Over the last 12 months, capital expenditures for Sight Sciences were -$224,000.
  • The company anticipates adjusted operating expenses for full year 2026 to range from $93 million to $96 million, an increase of 6% to 9% compared to 2025, driven by targeted investments in market access and commercial resources for its business segments.

Better Bets vs. Sight Sciences (SGHT)

Peer Outperformance in Life Sciences Tools & Services

SGHT has outperformed 50% of its 108 Life Sciences Tools & Services peers over 5Y. Among the peers that beat it are A and CRL. Life Sciences Tools & Services ranks 8th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Life Sciences Tools & Services constituents that SGHT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
89%
of 127 industry peers · 101.7% return
3Y
72%
of 117 industry peers · 25.2% return
5Y
50%
of 108 industry peers · -73.1% return
Life Sciences Tools & Services peers with revenue growth within 4pp of SGHT's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SGHT Sight Sciences 0.9% -15.0x 101.7%25.2%-73.1%
A Agilent Technologies 2.0% 29.4x 20.3%25.8%-12.7% +60pp
CRL Charles River Laboratories International -1.4% -56.9x 72.9%34.7%-37.1% +36pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is SGHT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 14.4%94.0%140.0% CAH 398% · MCK 349% · COR 179%
Managed Health Care 8 31.6%1.1%1.5% OSCR 63% · HQY 47% · ELV 13%
Health Care Services 20 16.6%45.6%-4.3% HIMS 241% · RDNT 141% · DGX 68%
Health Care Equipment 51 -4.3%-7.9%-20.5% POCI 10500% · UFPT 322% · GKOS 195%
Health Care Facilities 24 6.2%-4.7%-20.7% THC 250% · NHC 239% · ENSG 110%
Health Care Supplies 12 29.8%-17.0%-37.5% LNTH 272% · HAE 55% · MMSI 24%
Pharmaceuticals 63 -0.7%2.5%-37.6% LQDA 2281% · INDV 1175% · ETON 1040%
Life Sciences Tools & Services ← 109 -2.0%-32.5%-73.1% SNWV 1778% · MEDP 201% · AXGN 182%
Biotechnology 363 10.1%-28.0%-77.0% BRTX 99050% · DNTH 1513% · CELZ 1471%
Health Care Technology 20 -26.2%-59.5%-78.0% SPOK 72% · HSTM -1% · VEEV -12%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SGHTATECHATECCERSFRNMMedian
NameSight Sc.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Mkt Price8.19149.9372.189.212.6115.2512.23
Mkt Cap0.442.311.31.40.5-1.4
Rev LTM837,3721,215815222-815
Op Inc LTM-281,639273-39-2--2
FCF LTM-231,267263-6-2--2
FCF 3Y Avg-271,257252-83-8--8
CFO LTM-231,609292572-57
CFO 3Y Avg-271,630293-7-5--5

Growth & Margins

SGHTATECHATECCERSFRNMMedian
NameSight Sc.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Rev Chg LTM9.3%8.6%-0.4%19.5%15.1%-9.3%
Rev Chg 3Y Avg0.9%2.0%2.3%24.6%13.0%-2.3%
Rev Chg Q19.5%8.1%1.3%15.1%9.5%-9.5%
QoQ Delta Rev Chg LTM4.8%1.9%0.3%3.6%2.3%-2.3%
Op Inc Chg LTM42.7%13.5%12.3%59.1%86.2%-42.7%
Op Inc Chg 3Y Avg25.5%5.3%-1.5%29.6%56.7%-25.5%
Op Mgn LTM-33.4%22.2%22.4%-4.8%-0.7%--0.7%
Op Mgn 3Y Avg-54.2%22.1%21.2%-15.0%-5.1%--5.1%
QoQ Delta Op Mgn LTM11.4%0.7%-1.9%1.4%0.7%-0.7%
CFO/Rev LTM-27.9%21.8%24.0%6.9%1.1%-6.9%
CFO/Rev 3Y Avg-33.9%23.8%24.5%-2.6%-3.2%--2.6%
FCF/Rev LTM-28.2%17.2%21.7%-0.7%-0.8%--0.7%
FCF/Rev 3Y Avg-34.4%18.3%21.0%-14.8%-5.0%--5.0%

Valuation

SGHTATECHATECCERSFRNMMedian
NameSight Sc.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Mkt Cap0.442.311.31.40.5-1.4
P/S5.45.79.31.82.4-5.4
P/Op Inc-16.025.841.4-37.1-323.7--16.0
P/EBIT-18.124.045.0-23.5427.3-24.0
P/E-15.029.462.0-13.1-77.2--13.1
P/CFO-19.226.338.625.5216.6-26.3
Total Yield-6.7%4.1%2.1%-7.6%-1.3%--1.3%
Dividend Yield0.0%0.7%0.4%0.0%0.0%-0.0%
FCF Yield 3Y Avg-9.8%3.5%2.6%-5.5%-2.5%--2.5%
D/E0.10.10.00.40.1-0.1
Net D/E-0.10.10.00.30.0-0.0

Returns

SGHTATECHATECCERSFRNMMedian
NameSight Sc.Agilent .Bio-Tech.Alphatec Cerus Freenome  
1M Rtn55.7%8.4%0.2%-3.3%21.4%36.8%14.9%
3M Rtn88.7%11.2%45.2%23.1%-3.3%17.2%20.2%
6M Rtn55.7%26.5%27.0%-29.3%22.5%17.2%24.5%
12M Rtn101.7%20.3%32.9%-42.1%99.2%17.2%26.6%
3Y Rtn25.2%25.8%-6.9%-43.3%35.9%17.2%21.2%
1M Excs Rtn47.7%6.8%-0.2%-9.7%21.0%38.1%13.9%
3M Excs Rtn88.4%10.9%44.9%22.8%-3.6%16.9%19.9%
6M Excs Rtn43.7%14.5%15.1%-41.2%10.6%5.3%12.6%
12M Excs Rtn83.6%2.1%14.7%-60.2%81.1%-0.9%8.4%
3Y Excs Rtn-44.8%-45.0%-81.8%-110.6%-27.4%-56.0%-50.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Interventional Glaucoma7676746646
Interventional Dry Eye24762
Total7780817149


Price Behavior

Price Behavior
Market Price$8.19 
Market Cap ($ Bil)0.4 
First Trading Date07/15/2021 
Distance from 52W High-9.5% 
   50 Days200 Days
DMA Price$6.30$5.81
DMA Trendupup
Distance from DMA30.0%41.1%
 3M1YR
Volatility72.7%84.3%
Downside Capture-97.57189.68
Upside Capture211.37234.17
Correlation (SPY)10.8%27.8%
SGHT Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.070.930.531.411.821.71
Up Beta0.63-1.14-0.750.030.831.43
Down Beta13.105.612.622.052.091.17
Up Capture412%257%162%302%471%2125%
Bmk +ve Days10213268138427
Stock +ve Days15263666118357
Down Capture-742%-163%-148%138%146%112%
Bmk -ve Days11213259113324
Stock -ve Days6142457124368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SGHT
SGHT102.3%84.2%1.18-
Sector ETF (XLV)26.7%16.0%1.2925.3%
Equity (SPY)19.2%12.8%1.1027.8%
Gold (GLD)24.8%29.2%0.765.4%
Commodities (DBC)44.0%20.4%1.67-14.0%
Real Estate (VNQ)8.5%13.7%0.3523.5%
Bitcoin (BTCUSD)-27.6%43.5%-0.6214.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SGHT
SGHT-23.7%91.0%0.16-
Sector ETF (XLV)6.4%15.1%0.2424.8%
Equity (SPY)12.7%17.2%0.5632.5%
Gold (GLD)18.7%18.7%0.816.1%
Commodities (DBC)11.0%19.5%0.442.0%
Real Estate (VNQ)2.0%18.9%-0.0025.2%
Bitcoin (BTCUSD)10.5%52.6%0.3815.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SGHT
SGHT-11.6%90.5%0.18-
Sector ETF (XLV)10.5%16.7%0.5125.1%
Equity (SPY)15.1%17.9%0.7232.6%
Gold (GLD)12.0%16.3%0.605.9%
Commodities (DBC)7.9%18.1%0.352.4%
Real Estate (VNQ)4.9%20.7%0.2025.2%
Bitcoin (BTCUSD)63.2%66.1%1.0314.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity0.9 Mil
Short Interest: % Change Since 73120266.9%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest2.1 days
Basic Shares Quantity54.5 Mil
Short % of Basic Shares1.6%

Earnings Returns History

Updated 8/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202627.7%49.2% 
5/6/202623.0%14.0%3.5%
3/4/2026-26.8%-31.6%-34.9%
1/13/2026-7.8%-15.8%-25.4%
11/6/202516.4%41.0%66.8%
8/7/202519.4%19.7%3.9%
5/8/20251.7%12.9%34.0%
3/5/20252.9%11.2%-7.9%
...
SUMMARY STATS   
# Positive1289
# Negative121614
Median Positive8.3%21.1%26.2%
Median Negative-7.1%-8.1%-21.0%
Max Positive34.9%49.2%66.8%
Max Negative-26.8%-31.6%-44.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202627.7%49.2% 
5/6/202623.0%14.0%3.5%
3/4/2026-26.8%-31.6%-34.9%
1/13/2026-7.8%-15.8%-25.4%
11/6/202516.4%41.0%66.8%
8/7/202519.4%19.7%3.9%
5/8/20251.7%12.9%34.0%
3/5/20252.9%11.2%-7.9%
1/14/2025-2.8%-10.8%-21.0%
11/7/2024-9.6%-17.5%-14.7%
8/1/2024-15.0%-21.4%-8.8%
3/7/20246.1%-4.1%17.4%
11/7/2023-1.9%-1.9%26.2%
8/3/20237.6%-2.5%-18.7%
5/4/2023-6.3%-6.5%-29.9%
3/13/20233.3%-4.0%-7.2%
1/9/2023-9.4%-6.6%-11.0%
11/10/202234.9%22.5%51.9%
8/11/2022-1.0%-16.9%-24.8%
5/10/20229.1%28.9%56.1%
3/24/2022-8.8%-21.6%-44.1%
1/10/20220.6%-0.1%4.4%
11/10/2021-3.0%-9.5%-21.0%
8/12/2021-6.4%-1.7%-21.5%
SUMMARY STATS   
# Positive1289
# Negative121614
Median Positive8.3%21.1%26.2%
Median Negative-7.1%-8.1%-21.0%
Max Positive34.9%49.2%66.8%
Max Negative-26.8%-31.6%-44.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202503/04/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/07/202510-K
09/30/202411/07/202410-Q
06/30/202408/02/202410-Q
03/31/202405/06/202410-Q
12/31/202303/13/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202203/16/202310-K
09/30/202211/10/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/06/202610-Q
12/31/202503/04/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/07/202510-K
09/30/202411/07/202410-Q
06/30/202408/02/202410-Q
03/31/202405/06/202410-Q
12/31/202303/13/202410-K
09/30/202311/07/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202203/16/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
03/31/202205/10/202210-Q
12/31/202103/24/202210-K
09/30/202111/10/202110-Q
06/30/202108/12/202110-Q
03/31/202107/15/2021424B4

Recent Forward Guidance

Updated 8/6/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported88.00 Mil90.00 Mil92.00 Mil4.7% RaisedGuidance: 86.00 Mil for 2026
2026 Revenue GrowthReported14.0%16.5%19.0%   
2026 Interventional Glaucoma RevenueReported79.00 Mil80.00 Mil81.00 Mil1.3% RaisedGuidance: 79.00 Mil for 2026
2026 Interventional Glaucoma Revenue GrowthReported4.0%5.5%7.0%   
2026 Interventional Dry Eye RevenueReported9.00 Mil10.00 Mil11.00 Mil42.9% RaisedGuidance: 7.00 Mil for 2026
2026 Adjusted Operating ExpensesReported92.00 Mil93.00 Mil94.00 Mil-1.6% LoweredGuidance: 94.50 Mil for 2026

null

Insider Activity

Updated 8/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hayden, Jeremy BChief Legal OfficerDirectSell70620265.5112,73370,1331,966,560Form
2Badawi, DavidChief Technology OfficerDirectSell70620265.517,41840,85810,921,659Form
3Rodberg, JamesChief Financial OfficerDirectSell70620265.366,90236,9951,200,838Form
4Bauerlein, AlisonChief Operating OfficerDirectSell70620265.3624,184129,6263,562,840Form
5Taylor, BrentonEVP, Operations & R&DDirectSell70620265.422,82915,3331,436,181Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hayden, Jeremy BChief Legal OfficerDirectSell70620265.5112,73370,1331,966,560Form
2Badawi, DavidChief Technology OfficerDirectSell70620265.517,41840,85810,921,659Form
3Rodberg, JamesChief Financial OfficerDirectSell70620265.366,90236,9951,200,838Form
4Bauerlein, AlisonChief Operating OfficerDirectSell70620265.3624,184129,6263,562,840Form
5Taylor, BrentonEVP, Operations & R&DDirectSell70620265.422,82915,3331,436,181Form
6Badawi, PaulPresident and CEODirectSell70620265.4228,684155,46733,183,798Form
7Encrantz, Staffan DirectBuy61120264.8814,10068,7946,997,867Form
8Bauerlein, AlisonChief Operating OfficerDirectSell51920265.1212,72865,1673,527,132Form
9Rodberg, JamesChief Financial OfficerDirectSell40920263.557,23125,670819,833Form
10Hayden, Jeremy BChief Legal OfficerDirectSell40920263.5513,76148,8521,312,684Form
11Bauerlein, AlisonChief Operating OfficerDirectSell40320263.4825,87490,0422,441,641Form
12Badawi, DavidChief Technology OfficerDirectSell40320263.488,16828,4256,926,209Form
13Taylor, BrentonEVP, Operations & R&DDirectSell40320263.702,86910,615990,886Form
14Badawi, PaulPresident and CEODirectSell40320263.7029,244108,20322,759,277Form
15Badawi, DavidChief Technology OfficerDirectSell12120266.624,83632,01412,659,247Form
16Rodberg, JamesChief Financial OfficerDirectSell12120266.622,61617,3181,001,143Form
17Badawi, PaulPresident and CEODirectSell12120266.6222,362148,03639,891,061Form
18Hayden, Jeremy BChief Legal OfficerDirectSell12120266.626,30841,7591,771,585Form
19Badawi, PaulPresident and CEODirectSell10620267.4811,87088,78844,321,064Form
20Hayden, Jeremy BChief Legal OfficerDirectSell10620267.481,78513,3521,835,742Form
21Badawi, DavidChief Technology OfficerDirectSell10620267.483,69527,63914,339,975Form
22Rodberg, JamesChief Financial OfficerDirectSell10620267.485944,4431,150,768Form
23Bauerlein, AlisonChief Operating OfficerDirectSell10620267.489,64772,1604,487,873Form
24Taylor, BrentonEVP, Operations & R&DDirectSell10620267.486194,6301,273,186Form
25Hayden, Jeremy BChief Legal OfficerDirectSell10620267.829,38573,3911,933,143Form
26Badawi, DavidChief Technology OfficerDirectSell10620267.823,05123,85915,020,687Form
27Rodberg, JamesChief Financial OfficerDirectSell10620267.824,40534,4471,207,721Form
28Bauerlein, AlisonChief Operating OfficerDirectSell10620267.8210,89685,2074,767,307Form
29Badawi, PaulPresident and CEODirectSell10620267.4325,356188,39544,112,995Form
30Badawi, DavidChief Technology OfficerDirectSell10620267.432,91421,65114,294,243Form
31Encrantz, Staffan DirectBuy121820258.3113,958115,96311,564,088Form
32Rodberg, JamesChief Financial OfficerDirectSell120320258.252,51820,7741,310,471Form
33Hayden, Jeremy BChief Legal OfficerDirectSell112620258.0844,850362,3882,073,247Form
34Taylor, BrentonEVP, Operations & R&DDirectSell111820257.0614,418101,7911,206,067Form
35Hayden, Jeremy BChief Legal OfficerDirectSell111420258.013,15025,2322,055,286Form
36Taylor, BrentonEVP, Operations & R&DDirectSell100820253.375911,992624,289Form
37Badawi, DavidChief Technology OfficerDirectSell100320253.276,03319,7286,098,524Form
38Hayden, Jeremy BChief Legal OfficerDirectSell100320253.279,73131,820839,049Form
39Bauerlein, AlisonChief Financial OfficerDirectSell100320253.3019,94865,8281,971,816Form
40Badawi, PaulPresident and CEODirectSell100320253.3424,44181,63319,914,757Form
Core Cache Last Updated: 9/1/2026