RxSight, Inc. (RXST) intrinsic value & 10-year financials

RxSight, Inc. (RXST) has a Graham intrinsic value of $2.49 per share. At $4.51 on Oct 17, 2026, the stock trades 81% above that value. Over the last 7 fiscal years revenue grew 55.7% a year to $134.5M, with an average return on invested capital of -11.3%.

Graham intrinsic value
$2.49
Share price (Oct 17, 2026)
$4.51
Price vs Graham value
81% above
Market cap
$184.2M
Revenue (FY2025)
$134.5M
Revenue growth (7-yr CAGR)
55.7%
ROIC (10-yr avg)
-11.3%
Free cash flow (FY2025)
-$19.3M

RXST 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $134.5M -$38.9M -$0.95 -$19.3M -35.8% -17.8%
FY2024 $139.9M -$27.5M -$0.71 -$22.4M -26.3% -17.2%
FY2023 $89.1M -$48.6M -$1.41 -$46.4M -56.2% -36.7%
FY2022 $49.0M -$66.8M -$2.41 -$61.2M -129.2% -45.5%
FY2021 $22.6M -$48.7M -$1.78 -$46.6M -233.6% 40.9%
FY2020 $14.7M $27.6M $0.07 -$37.7M -241.3% 8.5%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

RxSight, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

RxSight, Inc. has historically struggled to out-earn its cost of capital, averaging just -11.3% ROIC.

RxSight, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, RxSight, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.49 per share.

RXST stock: frequently asked questions

What is the intrinsic value of RxSight, Inc. (RXST) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, RXST's intrinsic value is about $2.49 per share.

Is RXST stock undervalued?

At $4.51 (close on Oct 17, 2026), RXST trades 81% above its Graham value of $2.49. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does RxSight, Inc. generate free cash flow?

RxSight, Inc. generated -$19.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is RXST's return on invested capital?

Average ROIC over the last 7 fiscal years was -11.3%, and average return on equity was -16.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RXST data come from?

From RxSight, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar ophthalmic goods stocks