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Form 8-K

sec.gov

8-K — RxSight, Inc.

Accession: 0001193125-26-335150

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001111485

SIC: 3851 (OPHTHALMIC GOODS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — rxst-20260805.htm (Primary)

EX-99.1 (rxst-ex99_1.htm)

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8-K

8-K (Primary)

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8-K

0001111485false00011114852026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 05, 2026

RxSight, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-40690

94-3268801

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

100 Columbia

Aliso Viejo, California

92656

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (949) 521-7830

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

RXST

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 5, 2026, RxSight, Inc. (the “Company”) issued a press release announcing its results of operations and financial condition for the three months ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information furnished in this Current Report on Form 8-K under Item 2.02 and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or in any filing under the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

The following exhibit is furnished as part of this report:

Exhibit number

Description

99.1

Press Release dated August 5, 2026

104

Cover Page Interactive Data File (embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

RxSight, Inc.

Date:

August 5, 2026

By:

/s/ Mark Wilterding

Name: Mark Wilterding

Title: Chief Financial Officer

EX-99.1

EX-99.1

Filename: rxst-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

RXSIGHT, INC. REPORTS SECOND QUARTER 2026 RESULTS AND PROVIDES UPDATE ON 2026 OUTLOOK

Aliso Viejo, Calif. – August 5, 2026 – RxSight, Inc. (NASDAQ: RXST) today reported financial results for the quarter ended June 30, 2026, and provided an update on its 2026 financial outlook.

Second Quarter 2026 Highlights

Total company Q2 revenue of $33.7 million, which includes $6.5 million in revenue recognized from the RxSight Alcon strategic collaboration

Q2 product sales of $27.2 million including:

o

24,917 Light Adjustable Lens (LAL) units;

o

12 Light Delivery Devices (LDD) units

Cash, cash equivalents and short-term investments of approximately $209 million as of June 30, 2026

Strategic Highlights

RxSight highlighted the following recent developments that position the company for long-term success:

Appointed eye care industry leader Aziz Mottiwala as President and Chief Executive Officer

Entered into a strategic collaboration with Alcon to develop and commercialize light-adjustable presbyopia-correcting intraocular lenses with up to $200 million upfront and milestone payments and significant future royalty potential

Formally announced development of the next-generation RxSight Light Adjustable Technology platform, including new LAL, LAL+ and LAL Toric lenses intended to improve workflow and reduce required postoperative office visits

In connection with the leadership transition, withdrew 2026 guidance; will resume formal guidance in early 2027

“It is a privilege to join RxSight and to work alongside the talented team that pioneered an entirely new category in cataract surgery with the only commercially available IOL platform that enables physicians to adjust and personalize vision after surgery,” said Aziz Mottiwala, President and Chief Executive Officer of RxSight. “The opportunity ahead is significant, and our immediate priority is to strengthen commercial execution, deepen adoption across our installed base and translate the value of adjustability into durable growth. To support those priorities, I have commenced a comprehensive review of the business. While underlying trends remain generally consistent with our prior expectations, withdrawing 2026 guidance gives us the flexibility to establish the right operating plan and focus our resources on the core business, our pipeline and the Alcon collaboration.”

Second Quarter Financial Results

In the second quarter of 2026, total revenue was $33.7 million, including $6.5 million recognized under the company’s strategic collaboration with Alcon. Product sales were $27.2 million, down 19% from the prior-year period, reflecting heightened competitive trialing and continued pressure on consumer sentiment.

Excluding the impact from the Alcon collaboration, second quarter gross margin of 71.2% decreased from 74.9% in the prior-year period, primarily reflecting inventory-related costs and the expected flow-through of higher-cost inventory. Including the favorable contribution of collaboration revenue, second-quarter gross margin was 76.7%.

Total operating expenses for the second quarter of 2026 were $39.7 million versus $39.2 million in the year-ago period. The increase was primarily driven by higher professional services fees, partially offset by lower compensation and other employee-related costs.

In the second quarter, the company reported a net loss of $(12.1) million, or $(0.29) per basic and diluted share, compared to a net loss of $(11.8) million, or $(0.29) per basic and diluted share in the second quarter of 2025. Adjusted net loss in the second quarter of 2026 was $(4.6) million, or $(0.11) per basic and diluted share, compared to an adjusted net loss of $(3.3) million, or $(0.08) per basic and diluted share in the second quarter of 2025.

As of June 30, 2026, cash, cash equivalents and short-term investments totaled $208.8 million.

Conference Call

On Wednesday, August 5, 2026, at 1:30 p.m. Pacific Time, the company will host a conference call to discuss its second quarter 2026 financial results. To participate in the conference call, please dial (800) 715-9871 or (646) 307-1963 and enter the conference code: 1245159. The call will also be broadcast live in listen-only mode via a link on the company’s investor relations website at https://investors.rxsight.com/. An archived recording of the call will be available through the same link shortly after its completion.

About RxSight, Inc.

RxSight, Inc. is an ophthalmic medical device company dedicated to providing high-quality customized vision to patients following cataract surgery. The RxSight Light Adjustable Lens system, comprised of the RxSight Light Adjustable Lens (LAL/LAL+, collectively the “LAL”), RxSight Light Delivery Device (LDD) and accessories, is the first and only commercially available intraocular lens (IOL) technology that can be adjusted after surgery, enabling doctors to customize and deliver high-quality vision to patients after cataract surgery. Additional information about RxSight can be found at www.rxsight.com.

Forward-Looking Statements

This press release contains forward-looking statements, including, without limitations, statements regarding the company’s expectations related to underlying business trends; the company’s comprehensive review of the business; the company’s ability to strengthen commercial execution, deepen adoption across its installed base and translate the value of adjustability into durable growth; the development and implementation of the company’s appropriate operating plan; the allocation of resources to the company’s core business, pipeline and collaboration with Alcon; the anticipated benefits of withdrawing the company’s 2026 financial guidance; and the company’s ability to realize the full potential of its technology for patients and practices. Such statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential," or "continue" or the negative of such terms and other similar terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors, including the risk factors that may be found in the section entitled Part II, Item 1A (Risk Factors) in the company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2026, filed with the Securities and Exchange Commission (SEC) on or about the date hereof, and the other documents that RxSight may file from time to time with the SEC. These and other factors may cause our actual results to differ materially from any forward-looking statement. RxSight undertakes no obligation to update any of the forward-looking statements after the date of this press release to conform those statements to reflect the occurrence of unanticipated events, except as required by applicable law.

RxSight, Inc., the RxSight Light Adjustable Lens Technology, LAL, LAL+, and LDD are trademarks of RxSight, Inc.

Investor Relations Contact:

Oliver Moravcevic

VP, Investor Relations

omoravcevic@rxsight.com

RxSight, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS (UNAUDITED)

(In thousands, except share and per share amounts)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue:

Product sales

$

27,241

$

33,637

$

58,134

$

71,531

License and collaboration revenue

6,500

6,500

Total revenue

33,741

33,637

64,634

71,531

Costs and expenses:

Cost of sales

7,855

8,447

15,250

18,013

Selling, general and administrative

30,419

28,976

62,274

57,611

Research and development

9,237

10,217

18,709

20,584

Total costs and expenses

47,511

47,640

96,233

96,208

Loss from operations

(13,770

)

(14,003

)

(31,599

)

(24,677

)

Other income (expense), net:

Interest expense

(3

)

(5

)

(6

)

(11

)

Interest and other income

1,764

2,254

3,718

4,762

Loss before income taxes

(12,009

)

(11,754

)

(27,887

)

(19,926

)

Income tax expense

88

32

94

50

Net loss

$

(12,097

)

$

(11,786

)

$

(27,981

)

$

(19,976

)

Other comprehensive loss:

Unrealized loss on short-term investments

(5

)

(146

)

(125

)

(303

)

Foreign currency translation gain

13

14

13

20

Total other comprehensive gain (loss)

8

(132

)

(112

)

(283

)

Comprehensive loss

$

(12,089

)

$

(11,918

)

$

(28,093

)

$

(20,259

)

Net loss per share:

Basic & diluted

$

(0.29

)

$

(0.29

)

$

(0.68

)

$

(0.49

)

Weighted-average shares used in computing net loss per share:

Attributable to common stock, basic & diluted

41,490,889

40,743,786

41,399,010

40,627,363

RxSight, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In thousands, except share and per share amounts)

June 30,

December 31,

2026

2025

(Unaudited)

Assets

Current assets:

Cash and cash equivalents

$

13,352

$

19,949

Short-term investments

195,447

208,179

Accounts receivable, net

18,519

23,383

Inventories

37,117

31,559

Prepaid and other current assets

2,961

4,389

Receivable from collaboration partner

60,000

Total current assets

327,396

287,459

Property and equipment, net

14,039

13,056

Operating leases right-of-use assets

9,491

9,959

Restricted cash

750

750

Other assets

1,024

590

Total assets

$

352,700

$

311,814

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

6,345

$

5,296

Accrued expenses and other current liabilities

15,553

16,533

Lease liabilities

1,664

1,162

Deferred revenue, current

6,882

3,262

Refund liability

50,000

Total current liabilities

80,444

26,253

Long-term lease liabilities

8,916

9,878

Total liabilities

89,360

36,131

Commitments and contingencies (Note 8)

Stockholders' equity:

Common stock, $0.001 par value, 900,000,000 shares authorized, 41,585,381 shares issued and outstanding as of June 30, 2026 and 41,242,005 shares issued and outstanding as of December 31, 2025

41

41

Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding

Additional paid-in capital

952,378

936,628

Accumulated other comprehensive (loss) income

(59

)

53

Accumulated deficit

(689,020

)

(661,039

)

Total stockholders' equity

263,340

275,683

Total liabilities and stockholders' equity

$

352,700

$

311,814

Supplemental Information on Gross Margin

Reconciliation of gross margin and gross margin percentage to revenues and cost of sales for the three months ended June 30, 2026 and 2025 are as follows:

Three Months Ended June 30,

Three Months Ended June 30,

2026

2025

Gross Margin

Product

Collaboration

Total

Product

Collaboration

Total

Sales

$

27,241

$

6,500

$

33,741

$

33,637

$

$

33,637

Cost of sales

7,855

7,855

8,447

8,447

Gross profit

$

19,386

$

6,500

$

25,886

$

25,190

$

$

25,190

Gross margin %

71.2

%

100.0

%

76.7

%

74.9

%

0.0

%

74.9

%

Reconciliation of gross margin and gross margin percentage to revenues and cost of sales for the six months ended June 30, 2026 and 2025 are as follows:

Six Months Ended June 30,

Six Months Ended June 30,

2026

2025

Gross Margin

Product

Collaboration

Total

Product

Collaboration

Total

Sales

$

58,134

$

6,500

$

64,634

$

71,531

$

$

71,531

Cost of sales

15,250

15,250

18,013

18,013

Gross profit

$

42,884

$

6,500

$

49,384

$

53,518

$

$

53,518

Gross margin %

73.8

%

100.0

%

76.4

%

74.8

%

0.0

%

74.8

%

Non-GAAP Financial Measures

To supplement our unaudited condensed consolidated financial statements presented under generally accepted accounting principles in the United States (“GAAP”), we believe certain non-GAAP measures, including adjusted net earnings (loss), and adjusted net earnings (loss) per share, basic and diluted, provide useful information to investors and are useful in evaluating our operating performance. For example, we exclude stock-based compensation expense because this expense is non-cash in nature and we believe excluding this item provides meaningful supplemental information regarding our operational performance and allows investors the ability to make more meaningful comparisons between our operating results and those of other companies.

We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business.

Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) Per Share

Adjusted net earnings (loss) is a non-GAAP financial measure that we define as net earnings (loss) adjusted for stock-based compensation. We believe adjusted net earnings (loss) provides investors with useful information on period-to-period performance as evaluated by management and comparison with our past financial performance and is useful in evaluating our operating performance compared to that of other companies in our industry, as this metric generally eliminates the effects of certain items that may vary from company to company for reasons unrelated to overall operating performance.

Reconciliations of net earnings (loss) to adjusted net earnings (loss) and the presentation of adjusted net earnings (loss) per share, basic and diluted, are as follows:

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Common Stock

Numerator:

Net loss available to stockholders, basic and diluted

$

(12,097

)

$

(11,786

)

$

(27,982

)

$

(19,976

)

Add:

Stock-based compensation

7,465

8,547

15,410

15,687

Adjusted net earnings (loss) income available to common stockholders, basic and diluted:

$

(4,632

)

$

(3,239

)

$

(12,572

)

$

(4,288

)

Denominator:

Weighted-average shares outstanding, basic

41,490,889

40,743,786

41,399,010

40,627,363

Weighted-average shares outstanding, diluted

41,490,889

42,258,193

41,399,010

40,627,363

Adjusted net earnings (loss) per share, basic

$

(0.11

)

$

(0.08

)

$

(0.30

)

$

(0.11

)

Adjusted net earnings (loss) per share, diluted

$

(0.11

)

$

(0.08

)

$

(0.30

)

$

(0.11

)

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