RVSN

MKT CAP:$14M

Rail Vision Ltd.

Market Cap

$14M

Industrials·Railroads·🇮🇱 Israel·NASDAQ

Industrials·Railroads·🇮🇱·NASDAQ

Stock Price

$8.50-$1.67 (-16.42%)

Apr 21, 2026

Company Details

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel, Latin America, and the United States. The company's railway detection syste...

CEO

David BenDavid

IPO Date

Mar 31, 2022

Website

railvision.io

Key Metrics TTM

Revenue

$776.0K

-14.1% YoY

Net Income

-$12M

EPS (Diluted)

-$12.38

Free Cash Flow

-$10M

Revenue / Share

$0.46

Gross Margin

14.0%

Operating Margin

-1356.2%

Net Margin

-1554.5%

FCF Margin

-1260.6%

P/S

18.1x

P/E

—

Earnings Reports

FY 2025

Mar 31, 2026

$1M+14.4%EPS -$6.15

Q2 2025

Aug 22, 2025

$118.5K-68.9%EPS -$1.69

Q1 2025

Mar 31, 2025

$118.5K-68.9%EPS -$1.69

FY 2024

Mar 31, 2025

$1M+815.5%EPS -$55.50

Q4 2024

Mar 31, 2025

$269.5KEPS -$4.50

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$0	$0	-$3M
Q3 20	$0	$0	-$3M
Q4 20	$0	$0	-$3M
Q1 21	$0	$0	-$3M
Q2 21	$417.0K	$304.0K	-$2M
Q3 21	$0	$0	-$2M
Q4 21	$471.0K	-$73.0K	-$3M
Q2 23	$0	-$41.0K	-$3M
Q3 23	$142.0K	$81.0K	-$3M
Q4 23	$0	-$46.0K	-$3M
Q1 24	$380.5K	$194.5K	-$2M
Q2 24	$380.5K	$194.5K	-$2M
Q3 24	$269.5K	$30.5K	-$2M
Q4 24	$269.5K	$30.5K	-$2M
Q1 25	$118.5K	$24.0K	-$3M
Q2 25	$118.5K	$24.0K	-$3M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	22007.7x	—
Q3 21	22007.7x	—
Q4 21	10334.7x	—
Q2 23	421.4x	—
Q3 23	586.9x	—
Q4 23	692.2x	—
Q1 24	1365.3x	—
Q2 24	479.0x	—
Q3 24	342.7x	—
Q4 24	1186.3x	—
Q1 25	628.8x	—
Q2 25	639.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$2M	-$2M
Q3 20	-$2M	-$2M
Q4 20	-$2M	-$2M
Q1 21	-$3M	-$3M
Q2 21	-$2M	-$2M
Q3 21	-$3M	-$3M
Q4 21	-$2M	-$2M
Q2 23	-$3M	-$3M
Q3 23	-$3M	-$3M
Q4 23	-$2M	-$2M
Q1 24	-$2M	-$2M
Q2 24	-$2M	-$2M
Q3 24	-$3M	-$3M
Q4 24	-$3M	-$3M
Q1 25	-$2M	-$2M
Q2 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q2 20	$43.0K
Q3 20	$18.0K
Q4 20	$18.0K
Q1 21	$48.0K
Q2 21	$15.0K
Q3 21	$192.0K
Q4 21	$18.0K
Q2 23	$55.0K
Q3 23	$7.0K
Q4 23	$8.0K
Q1 24	$3.0K
Q2 24	$3.0K
Q3 24	$12.0K
Q4 24	$12.0K
Q1 25	$5.0K
Q2 25	$5.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	—	+306.4%
Q3 20	—	+30.8%
Q4 20	—	+30.8%
Q1 21	—	+16.7%
Q2 21	—	+5.7%
Q3 21	—	-14.8%
Q4 21	—	+11.3%
Q2 23	—	-0.5%
Q3 23	-65.9%	+9.8%
Q4 23	—	+8.8%
Q1 24	-19.2%	-20.7%
Q2 24	—	-16.5%
Q3 24	+89.8%	-9.6%
Q4 24	—	+3.2%
Q1 25	-68.9%	+20.1%
Q2 25	-68.9%	+20.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$494.0K	—
Q3 20	$646.5K	—
Q4 20	$646.5K	—
Q1 21	$431.0K	—
Q2 21	$415.0K	99.5%
Q3 21	-$105.0K	—
Q4 21	$314.0K	66.7%
Q2 23	$105.0K	—
Q3 23	$57.0K	40.1%
Q4 23	$51.0K	—
Q1 24	$47.5K	12.5%
Q2 24	$47.5K	12.5%
Q3 24	$151.5K	56.2%
Q4 24	$151.5K	56.2%
Q1 25	$215.0K	181.4%
Q2 25	$215.0K	181.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 20	$2M	$752.5K	—
Q3 20	$2M	$997.5K	—
Q4 20	$2M	$997.5K	—
Q1 21	$2M	$885.0K	—
Q2 21	$2M	$842.0K	—
Q3 21	$2M	$703.0K	—
Q4 21	—	$7M	$75.0K
Q2 23	$2M	$1M	—
Q3 23	$2M	$1M	—
Q4 23	$2M	$509.0K	$457.0K
Q1 24	$1M	$1M	—
Q2 24	$1M	$1M	—
Q3 24	$1M	$1M	$76.0K
Q4 24	$1M	$1M	$76.0K
Q1 25	$2M	$1M	—
Q2 25	$2M	$1M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$2M	$0	$2M
Q1 22	$2M	$0	$2M
Q2 22	$13M	$0	$13M
Q3 22	$10M	$0	$10M
Q4 22	$8M	$0	$8M
Q1 23	$6M	$0	$6M
Q2 23	$8M	$0	$8M
Q3 23	$5M	$0	$5M
Q4 23	$3M	$0	$3M
Q1 24	$10M	$0	$10M
Q2 24	$10M	$0	$10M
Q3 24	$17M	$0	$17M
Q4 24	$17M	$0	$17M
Q1 25	$22M	$0	$22M
Q2 25	$22M	$0	$22M
Q4 25	$20M	$0	$20M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	38K	0.0%	+180.5%
Q3 20	38K	0.0%	+81.7%
Q4 20	38K	0.0%	+81.7%
Q1 21	305K	+701.8%	+701.8%
Q2 21	305K	0.0%	+701.8%
Q3 21	305K	0.0%	+701.8%
Q4 21	305K	0.0%	+701.8%
Q2 23	630K	+106.3%	+106.3%
Q3 23	100K	-84.1%	-67.3%
Q4 23	100K	0.0%	-67.3%
Q1 24	406K	+306.7%	+33.2%
Q2 24	406K	0.0%	-35.5%
Q3 24	702K	+72.7%	+602.3%
Q4 24	702K	0.0%	+602.3%
Q1 25	2M	+139.2%	+313.0%
Q2 25	2M	0.0%	+313.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	$10	48K
Q2 23	$0	48K
Q3 23	$3	48K
Q4 23	$0	48K
Q1 24	$8	48K
Q2 24	$8	48K
Q3 24	$6	48K
Q4 24	$6	48K
Q1 25	$2	48K
Q2 25	$2	48K

Revenue / Employee