Sight Sciences, Inc. (SGHT) intrinsic value & 10-year financials

Sight Sciences, Inc. (SGHT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 22.9% a year to $77.4M, with an average return on invested capital of -386.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$8.28
Market cap
$431.8M
Revenue (FY2025)
$77.4M
Revenue growth (7-yr CAGR)
22.9%
ROIC (10-yr avg)
-386.4%
Free cash flow (FY2025)
-$29.9M

SGHT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $77.4M -$38.4M -$0.74 -$29.9M -48.0% -385.0%
FY2024 $79.9M -$51.5M -$1.03 -$22.7M -63.3% -422.5%
FY2023 $81.1M -$55.5M -$1.14 -$48.0M -70.7% -441.4%
FY2022 $71.3M -$86.2M -$1.80 -$76.9M -117.7% -1187.5%
FY2021 $49.0M -$63.0M -$2.36 -$53.4M -105.2% 91.0%
FY2020 $27.6M -$34.7M — -$33.1M -116.5% 27.2%
FY2019 — — — — — —

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

Executive summary

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

Sight Sciences, Inc. has earned high returns on invested capital, averaging 15.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Sight Sciences, 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, Sight Sciences, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-24.58 per share.

SGHT stock: frequently asked questions

What is the intrinsic value of Sight Sciences, Inc. (SGHT) stock?

Graham's formula only works with positive earnings. Sight Sciences, Inc. reported diluted EPS of -$0.74 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Sight Sciences, Inc. generate free cash flow?

Sight Sciences, Inc. generated -$29.9M 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 SGHT's return on invested capital?

Average ROIC over the last 7 fiscal years was -386.4%, and average return on equity was -37.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SGHT data come from?

From Sight Sciences, 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.

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