STAAR SURGICAL CO
STAA · Ophthalmic Goods · 49.5M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$17M (gross $6M, SBC $24M)
Reference price $18.61 · est. market cap ~$922M — last insider purchase, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52STAAR Surgical — implantable-lens maker with declining sales and losses, but cash-funded.
Strengths
- High gross margin (76%, 75th pct)
- Strong liquidity (current 4.6); long cash runway (18.7q)
Risks
- Revenue down 24% (10th pct) on China weakness
- Operating loss (-38%); negative free cash flow
- Demand-recovery and inventory-destocking risk
Notable findings
- Cash burnNegative free cash flow (-40.0M)
- Net lossNet loss (net margin -33.6%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~100% of revenue from one customer/distributor — For the fiscal year ended January 2, 2026, approximately 100% of our net sales were generated from sales of ICLs
- Strong balance sheetStrong balance sheet — $188M cash & investments, ~19 quarters of runway
- Insider buyingInsider buying — 16 open-market buy(s) by 1 insider(s) (~$22M, last 6mo) Form 4 ↗
- Pending mergerTermination of Alcon Merger Agreement As previously disclosed, on August 4, 2025, STAAR entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Alcon Research, LLC, a Delaware lim
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
76.2%
Operating margin
-38.3%
Net margin
-33.6%
Return on equity
-23.4%
Return on assets
-17.8%
Revenue growth (QoQ)
-1.3%
Current ratio
4.5×
Free cash flow
-$40M
Tangible book value
$342M
Cash & investments
$188M
Cash runway
19q
Stock comp / revenue
12.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Butcher Arthur C | Option exercise | 5.3K | — |
| 2026-06-18 | SILVERMAN LOU | Option exercise | 11K | — |
| 2026-06-18 | Jiang Wei | Option exercise | 11K | — |
| 2026-06-12 | Zhou Lilian Yansheng | Grant | 3.5K | $28.29 |
| 2026-05-15 | Foust Warren | Grant | 15K | — |
| 2026-05-15 | Foust Warren | Tax withheld | 7.5K | $32.07 |
| 2026-05-15 | Foust Warren | Grant | 7.3K | — |
| 2026-05-15 | Foust Warren | Tax withheld | 3.7K | $32.07 |
| 2026-05-15 | Foust Warren | Grant | 7.3K | — |
| 2026-05-15 | Foust Warren | Tax withheld | 3.7K | $32.07 |
| 2026-05-15 | Foust Warren | Grant | 3.7K | — |
| 2026-05-15 | Foust Warren | Tax withheld | 1.9K | $32.07 |
| 2026-05-15 | Michna Magda | Grant | 11K | — |
| 2026-05-15 | Michna Magda | Tax withheld | 5.6K | $32.07 |
| 2026-05-15 | Michna Magda | Grant | 5.5K | — |
| 2026-05-15 | Michna Magda | Tax withheld | 2.4K | $32.07 |
| 2026-05-15 | Michna Magda | Grant | 2.2K | — |
| 2026-05-15 | Michna Magda | Tax withheld | 1.1K | $32.07 |
| 2026-05-15 | Michna Magda | Grant | 1.1K | — |
| 2026-05-15 | Michna Magda | Tax withheld | 559 | $32.07 |
| 2026-05-15 | ANDREWS DEBORAH J | Grant | 10K | — |
| 2026-05-15 | ANDREWS DEBORAH J | Tax withheld | 3.8K | $32.07 |
| 2026-05-15 | ANDREWS DEBORAH J | Grant | 5.2K | — |
| 2026-05-15 | ANDREWS DEBORAH J | Tax withheld | 1.9K | $32.07 |
| 2026-05-08 | Foust Warren | Tax withheld | 3.4K | $26.69 |
| 2026-05-08 | Michna Magda | Tax withheld | 1.7K | $26.69 |
| 2026-03-14 | Michna Magda | Option exercise | 2.9K | — |
| 2026-03-14 | Foust Warren | Option exercise | 20K | — |
| 2026-03-14 | Foust Warren | Option exercise | 9.8K | — |
| 2026-03-14 | Michna Magda | Option exercise | 15K | — |
| 2026-03-14 | Michna Magda | Tax withheld | 6.3K | $18.84 |
| 2026-03-13 | BROADWOOD PARTNERS, L.P. | Buy | 316K | $18.61 |
| 2026-03-13 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-03-12 | Michna Magda | Option exercise | 6.2K | — |
| 2026-03-12 | Foust Warren | Option exercise | 8.2K | — |
| 2026-03-12 | Michna Magda | Tax withheld | 2.2K | $18.39 |
| 2026-03-12 | BROADWOOD PARTNERS, L.P. | Buy | 299K | $18.12 |
| 2026-03-12 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-03-11 | BROADWOOD PARTNERS, L.P. | Buy | 55K | $17.52 |
| 2026-03-11 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-01-12 | Jiang Wei | Option exercise | 21K | — |
| 2026-01-09 | BROADWOOD PARTNERS, L.P. | Buy | 27K | $22.05 |
| 2026-01-09 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-01-08 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-01-08 | BROADWOOD PARTNERS, L.P. | Buy | 3.2K | $21.94 |
| 2026-01-07 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-01-07 | BROADWOOD PARTNERS, L.P. | Buy | 66K | $22.00 |
| 2026-01-06 | BROADWOOD PARTNERS, L.P. | Buy | 150K | $22.38 |
| 2026-01-06 | BROADWOOD PARTNERS, L.P. | Buy | 187K | $21.01 |
| 2026-01-06 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2026-01-06 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-12-11 | SISITSKY NATHANIEL | Tax withheld | 2.6K | $24.68 |
| 2025-11-21 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-11-21 | BROADWOOD PARTNERS, L.P. | Buy | 797K | $27.86 |
| 2025-11-20 | BROADWOOD PARTNERS, L.P. | Buy | 393K | $27.14 |
| 2025-11-20 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-11-19 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-11-19 | BROADWOOD PARTNERS, L.P. | Buy | 309K | $26.42 |
| 2025-11-12 | Jiang Wei | Option exercise | 21K | — |
| 2025-08-12 | Jiang Wei | Option exercise | 21K | — |
| 2025-05-08 | Michna Magda | Tax withheld | 1.7K | $19.53 |
| 2025-04-10 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-10 | BROADWOOD PARTNERS, L.P. | Buy | 900 | $15.18 |
| 2025-04-09 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-09 | BROADWOOD PARTNERS, L.P. | Buy | 8.2K | $15.08 |
| 2025-04-08 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-08 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-08 | BROADWOOD PARTNERS, L.P. | Buy | 167K | $15.28 |
| 2025-04-08 | BROADWOOD PARTNERS, L.P. | Buy | 12K | $15.95 |
| 2025-04-07 | BROADWOOD PARTNERS, L.P. | Buy | 12K | $15.98 |
| 2025-04-07 | BROADWOOD PARTNERS, L.P. | Buy | 126K | $15.58 |
| 2025-04-07 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-07 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-04 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-04 | BROADWOOD PARTNERS, L.P. | Buy | 493K | $15.90 |
| 2025-04-04 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-04 | BROADWOOD PARTNERS, L.P. | Buy | 5.0K | $16.46 |
| 2025-04-03 | BROADWOOD PARTNERS, L.P. | Buy | 210K | $16.97 |
| 2025-04-03 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-02 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-04-02 | BROADWOOD PARTNERS, L.P. | Buy | 32K | $17.43 |
| 2025-03-31 | BROADWOOD PARTNERS, L.P. | Buy | 22K | $17.46 |
| 2025-03-31 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-28 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-28 | BROADWOOD PARTNERS, L.P. | Buy | 8.1K | $17.47 |
| 2025-03-27 | BROADWOOD PARTNERS, L.P. | Buy | 3.6K | $17.48 |
| 2025-03-27 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-26 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-26 | BROADWOOD PARTNERS, L.P. | Buy | 102K | $17.50 |
| 2025-03-25 | BROADWOOD PARTNERS, L.P. | Buy | 34K | $17.44 |
| 2025-03-25 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-21 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-21 | BROADWOOD PARTNERS, L.P. | Buy | 102K | $17.74 |
| 2025-03-20 | BROADWOOD PARTNERS, L.P. | Buy | 109K | $17.96 |
| 2025-03-20 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-18 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-18 | BROADWOOD PARTNERS, L.P. | Buy | 34K | $17.76 |
| 2025-03-18 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-18 | BROADWOOD PARTNERS, L.P. | Buy | 59K | $17.41 |
| 2025-03-12 | SISITSKY NATHANIEL | Tax withheld | 2.3K | $18.00 |
| 2025-03-12 | Foust Warren | Option exercise | 8.2K | — |
| 2025-03-12 | Michna Magda | Option exercise | 6.2K | — |
| 2025-03-12 | Michna Magda | Tax withheld | 2.4K | $18.00 |
| 2025-03-12 | SISITSKY NATHANIEL | Option exercise | 5.8K | — |
| 2025-03-12 | Williams Patrick F. | Option exercise | 8.2K | — |
| 2025-03-10 | Williams Patrick F. | Option exercise | 4.1K | — |
| 2025-03-07 | Williams Patrick F. | Option exercise | 2.6K | — |
| 2025-03-07 | Williams Patrick F. | Option exercise | 3.1K | — |
| 2025-03-05 | FARRELL STEPHEN C | Option exercise | 10K | $8.35 |
| 2025-03-05 | FARRELL STEPHEN C | Option exercise | 10K | $5.54 |
| 2025-03-04 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-04 | BROADWOOD PARTNERS, L.P. | Buy | 18K | $17.02 |
| 2025-03-04 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-04 | BROADWOOD PARTNERS, L.P. | Buy | 10K | $17.61 |
| 2025-03-03 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-03-03 | BROADWOOD PARTNERS, L.P. | Buy | 231K | $16.57 |
| 2025-03-03 | BROADWOOD PARTNERS, L.P. | Buy | 19K | $17.43 |
| 2025-03-03 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-28 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-28 | BROADWOOD PARTNERS, L.P. | Buy | 153K | $17.45 |
| 2025-02-28 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-28 | BROADWOOD PARTNERS, L.P. | Buy | 1.8K | $17.99 |
| 2025-02-27 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-27 | BROADWOOD PARTNERS, L.P. | Buy | 115K | $16.44 |
| 2025-02-27 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-27 | BROADWOOD PARTNERS, L.P. | Buy | 145K | $17.52 |
| 2025-02-14 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-14 | BROADWOOD PARTNERS, L.P. | Buy | 37K | $15.49 |
| 2025-02-13 | BROADWOOD PARTNERS, L.P. | Buy | 115K | $15.84 |
| 2025-02-13 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 105K | $15.77 |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 83K | $13.99 |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-02-12 | BROADWOOD PARTNERS, L.P. | Buy | 72K | $14.90 |
| 2025-01-16 | BROADWOOD PARTNERS, L.P. | Buy | 8.2K | $21.50 |
| 2025-01-16 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-01-14 | BROADWOOD PARTNERS, L.P. | Buy | 0 | — |
| 2025-01-14 | BROADWOOD PARTNERS, L.P. | Buy | 21K | $21.46 |
| 2025-01-03 | FRINZI THOMAS G | Tax withheld | 11K | $24.54 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-06-09 | Exec/director change | filing ↗ |
| 2026-05-13 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-08 | Reg FDExhibits | filing ↗ |
| 2026-03-03 | ResultsReg FD | filing ↗ |
| 2026-02-05 | Exec/director change | filing ↗ |
| 2026-02-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-01-16 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-18 | 0000718937-26-000029 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0000718937-26-000027 ↗ |
| 10-Q | 2026-05-13 | 2026-04-03 | 0000718937-26-000023 ↗ |
| 8-K | 2026-05-13 | 2026-05-12 | 0000718937-26-000022 ↗ |
| 8-K | 2026-04-08 | 2026-04-08 | 0000718937-26-000009 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0000718937-26-000005 ↗ |
| 10-K | 2026-03-03 | 2026-01-02 | 0000718937-26-000004 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001193125-26-038534 ↗ |
| 8-K | 2026-02-02 | 2026-02-01 | 0001193125-26-032630 ↗ |
| 8-K | 2026-01-16 | 2026-01-15 | 0001193125-26-014681 ↗ |
| 8-K | 2026-01-15 | 2026-01-14 | 0001193125-26-013622 ↗ |
| 8-K | 2026-01-06 | 2026-01-06 | 0001193125-26-004699 ↗ |