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RVSN

Rail Vision Ltd.

RVSN

Rail Vision Ltd. • NASDAQ
$0.39 ▲ 4.56% (+0.02)
Market Cap $20.69 M
52w High $2.72
52w Low $0.27
Dividend Yield 0%
P/E 12.91
Volume 295.90K
Outstanding Shares 53.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $118.5K $2.877M $-2.84M -2.396K% $-0.056 $-2.823M
Q1-2025 $118.5K ▼ $2.877M ▲ $-2.84M ▲ -2.396K% ▼ $-0.056 ▲ $-2.823M ▼
Q4-2024 $269.5K $2.44M $-3.192M -1.184K% $-0.15 $-2.454M
Q3-2024 $269.5K ▼ $2.44M ▲ $-3.192M ▲ -1.184K% ▲ $-0.15 ▲ $-2.454M ▼
Q2-2024 $380.5K $2.287M $-12.162M -3.196K% $-1 $-2.05M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $22.431M $25.37M $2.676M $22.694M
Q1-2025 $22.431M ▲ $25.37M ▲ $2.676M ▼ $22.694M ▲
Q4-2024 $17.238M $20.597M $2.895M $17.702M
Q3-2024 $17.238M ▲ $20.597M ▲ $2.895M ▲ $17.702M ▲
Q2-2024 $9.691M $12.452M $2.556M $9.896M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-2.84M $-2.33M $-5K $4.88M $0 $-2.335M
Q1-2025 $-2.84M ▲ $-2.33M ▲ $-5K ▲ $4.88M ▼ $0 $-2.335M ▲
Q4-2024 $-3.192M $-2.543M $-12K $6.322M $0 ▲ $-2.555M
Q3-2024 $-3.192M ▲ $-2.543M ▼ $-12K ▼ $6.322M ▲ $-9.906M ▼ $-2.555M ▼
Q2-2024 $-12.162M $-2.297M $-3K $5.637M $9.906M $-2.3M

Five-Year Company Overview

Income Statement

Income Statement Rail Vision looks like a very early‑stage, pre‑revenue company. Over the past several years it has not yet generated meaningful sales, while continuing to book operating losses. Those losses appear relatively small in absolute terms but persistent, which is typical for a company still focused on product development, pilots, and commercialization rather than scale. Net loss has edged worse more recently, suggesting spending on growth and development may be increasing faster than any early revenue contributions. Overall, the income statement reflects a company still in the build‑out phase, not yet in a commercial scale‑up phase.

Balance Sheet

Balance Sheet The balance sheet is light, with a small base of total assets and equity and no reported financial debt. Cash makes up a large share of the asset base, which is common for a young technology firm funding operations and R&D. Equity has moved from slightly negative or near zero in earlier years to modestly positive more recently, indicating some fresh capital or clean‑up of past deficits. The absence of debt reduces financial risk but also means the company relies heavily on equity funding. Overall, the balance sheet is simple but thin, leaving limited cushion if losses continue without new capital coming in.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, and free cash flow mirrors this pattern, signaling that the business is still consuming cash rather than generating it. Investment in physical assets appears minimal, so most cash burn is likely tied to people, technology, and commercialization efforts. This profile fits a development‑stage tech company: steady outflows, no offsetting inflows yet. The key implication is dependence on external funding—equity raises, strategic partners, or other sources—to sustain operations until recurring revenue matures.

Competitive Edge

Competitive Edge Rail Vision is positioned as a niche technology player in rail safety, rather than a traditional railroad operator. Its edge comes from combining advanced optical sensors with AI to detect and classify obstacles on and around tracks over long distances and in poor visibility. The company has built a patent portfolio across several major regions, which helps protect its technology and raises barriers for direct imitators. Strategic partnerships—with a leading global braking‑systems company, a partner for the Indian market, and a North American standards body affiliate—give it access to large customers and influence in shaping safety standards. Its early move into AI‑vision specifically for trains, along with the integration complexity of such systems, can create switching costs and “stickiness” with customers once installed. That said, the company remains small, and large industrial or tech players could enter or expand in this space, so maintaining its lead will depend on execution and continued innovation.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Rail Vision’s story. The company has developed in‑house electro‑optic systems that blend visual and thermal imaging with on‑board AI processing, giving trains extended “vision” day and night. It offers tailored solutions for long‑haul mainline trains and for complex rail‑yard environments, plus a newer software and data platform that moves the business toward recurring, service‑like revenue. The firm is also exploring advanced areas such as semi‑autonomous train operation and has signaled interest in quantum‑enhanced AI through a planned majority stake in a quantum transportation company. If executed well, this could broaden its capabilities in predictive analytics and automation. Overall, R&D intensity appears high, and the company is trying to stay ahead of the curve in both hardware and software, but this also means ongoing spending and technological risk until the market fully adopts these solutions.

Summary

Rail Vision is a small, development‑stage rail‑technology company rather than a mature industrial operator. Financially, it remains pre‑revenue with steady operating losses, a lean but debt‑free balance sheet, and ongoing cash burn that likely requires periodic external funding. Strategically, it is focused on a specialized and important niche: AI‑based vision and safety systems for railways. Its strengths lie in proprietary sensor and AI technology, a growing patent base, first‑mover status, and partnerships with established industry players across key rail markets. The main uncertainties are the pace and scale of commercial adoption, the company’s ability to convert pilots and early orders into sustained revenue, and its capacity to fund operations long enough to reach meaningful scale. For observers, this is best viewed as a high‑innovation, high‑execution‑risk story in rail safety technology, rather than a traditional, cash‑generating railroad business at this stage.

NEWS

October 15, 2025 · 9:00 AM UTC

Rail Vision to Present at the LD Micro Main Event XIX

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October 9, 2025 · 6:55 AM UTC

Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation

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September 30, 2025 · 7:26 AM UTC

Rail Vision Signs Term Sheet to Acquire 51% Stake in Quantum Computing AI Company for the Transportation Industry

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September 3, 2025 · 4:15 PM UTC

Rail Vision Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirement

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