RVSN on Nasdaq

Rail Vision

Rail Vision is a railway industry company founded in 2016.1 It is headquartered in Ra'anana, Israel.1 Its shares trade on Nasdaq under the symbol RVSN.1

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Last updated Oct 20, 2026.

Overview

2016Founded1

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  • TickerRVSN on Nasdaq1
  • Industrytransport industry1
  • HeadquartersRa'anana, Israel1
  • Websiterailvision.io
  • Incorporated inIsrael4
  • Business address15 Ha'Tidhar St., P.O.B 2155, Ra'Anana, L3 43665174
  • Filer categoryNon-accelerated filer, Emerging growth company4
  • Legal formCorporation3
  • LEI875500D3ZM7V0OZY58723
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressHa-Tidhar St 15, 4366517 Ra'anana, Israel3

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States for certain limited matters. Puglisi’s address is 850 Library Avenue, Newark, Delaware 19711.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.1%Gross margin6
-789.2%Operating margin6
-746.5%Net margin6
14.4%Revenue growth, 20256
-54.6%Return on equity6
-$9.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sale Of Products brought in 93% of the revenue Rail Vision broke down this way in fiscal 2025.

  1. Sale Of Products$1.4M693%up 33% from 2024
  2. Services$108.0K67%down 59% from 2024
Products and services by year
Products and services202320242025
Sale Of Products$142.0K$1.0M$1.4M
Services$266.0K$108.0K

Regions

Israel brought in 60% of the revenue Rail Vision broke down this way in fiscal 2025.

  1. Israel$888.0K660%up 117% from 2024
  2. Latin America$527.0K635%down 0% from 2024
  3. United States$72.0K65%down 80% from 2024
Regions by year
Regions202320242025
Israel$409.0K$888.0K
Latin America$528.0K$527.0K
United States$142.0K$363.0K$72.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue12¢$935.0K
  • Research and development88¢$6.9M

Out of $1.5M in revenue.6 The company lost money this year.

Financial statements

Revenue786$1.5M in 2025+67% since 2021
0$500.0K$1.0M$1.5M2021: $888.0K$888.0K20212022: $421.0K$421.0K2022−53%2023: $142.0K$142.0K2023−66%2024: $1.3M$1.3M2024+815%2025: $1.5M$1.5M2025+14%
Gross profit986$552.0K in 2025+139% since 2021
-$400.0K-$200.0K0$200.0K$400.0K$600.0K2021: $231.0K$231.0K20212022: -$240.0K-$240.0K20222023: $81.0K$81.0K20232024: $450.0K$450.0K2024+456%2025: $552.0K$552.0K2025+23%
Operating income107986-$11.7M in 2025+17% since 2019
-$15.0M-$10.0M-$5.0M02019: -$10.0M-$10.0M20192020: -$10.7M-$10.7M2020+7%2021: -$10.3M-$10.3M2021−4%2022: -$10.7M-$10.7M2022+4%2023: -$11.4M-$11.4M2023+6%2024: -$9.0M-$9.0M2024−21%2025: -$11.7M-$11.7M2025+30%
Net income107986-$11.1M in 2025+11% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$10.0M-$10.0M20192020: -$10.7M-$10.7M2020+7%2021: -$10.2M-$10.2M2021−5%2022: -$10.5M-$10.5M2022+2%2023: -$11.1M-$11.1M2023+6%2024: -$30.7M-$30.7M2024+175%2025: -$11.1M-$11.1M2025−64%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenues$1.5M$1.3M$142.0K
Cost of revenues-$935.0K-$850.0K-$61.0K
Gross profit (loss)$552.0K$450.0K$81.0K
Research and development expenses-$6.9M-$5.3M-$7.1M
General and administrative expenses-$5.4M-$4.2M-$4.3M
Operating loss-$11.7M-$9.0M-$11.4M
Revaluation of derivatives, warrants liabilities and others-$380.0K-$20.2M
Other financing income (expenses), net$1.0M-$1.5M$255.0K
Net loss-$11.1M-$30.7M-$11.1M
Basic loss per ordinary share-$6.15-$55.41-$129.26
Diluted loss per ordinary share-$6.15-$55.41-$129.26
Weighted average number of ordinary shares outstanding used in computing basic loss per ordinary share1.8M shares554.2K shares86.2K shares
Weighted average number of ordinary shares outstanding used in computing diluted loss per ordinary share1.8M shares554.2K shares86.2K shares

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Corporate structure

Rail Vision sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rail Vision

  • L.I.A. Pure Capital Ltd Filed SCHEDULE 13G/A on Rail Vision, latest Aug 17, 2026 (4 filings since Jan 13, 2023)
  • Laurence W. Lytton Filed SC 13G/A on Rail Vision, latest Nov 14, 2024 (3 filings since May 22, 2023)
  • Knorr-Bremse AG/ADR Filed SC 13D/A on Rail Vision, latest Jun 26, 2023 (2 filings since May 12, 2022)
  • Rail Vision Ra'anana, Israel

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rail Vision reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.6M6 Dec 31, 2025$1.5M6 Dec 31, 2024+7.9%
Accumulated depreciation$1.3M6 Dec 31, 2025$1.1M6 Dec 31, 2024+11.5%
Property and equipment, net$296.0K6 Dec 31, 2025$312.0K6 Dec 31, 2024−5.1%
Operating-lease assets (leased space)$254.0K6 Dec 31, 2025$582.0K6 Dec 31, 2024−56.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.0M6 Dec 31, 2025$17.2M6 Dec 31, 2024+15.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.2M6 Dec 31, 2025$1.3M6 Dec 31, 2024−7.4%
Raw materials$314.0K6 Dec 31, 2025$225.0K6 Dec 31, 2024+39.6%
Work in process$105.0K6 Dec 31, 2025$519.0K6 Dec 31, 2024−79.8%
Finished goods$788.0K6 Dec 31, 2025$560.0K6 Dec 31, 2024+40.7%

Leadership

Who has led Rail Vision, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David Bendavid2026–now

Chief financial officer

  1. Ofer Naveh2026–now

Chief operating officer

  1. Noam Meir Shloper2026–now
20202025
Board members and other officers (8)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAmit Klir named Feb 8, 202422
  • Executive OfficerOfer Grisaro named Feb 8, 202422
  • Executive OfficerZachi Bar-Yehoshua named Jul 3, 2023 to Feb 8, 202422
  • DirectorAmitay Weiss named Feb 8, 202422
  • DirectorMark Cleobury named Jul 3, 2023 to Feb 8, 202422
  • DirectorMaximilian Eichhorn named Jul 3, 2023 to Feb 8, 202422
  • DirectorInbal Kreiss named Jul 3, 202323
  • DirectorKeren Aslan named Jul 3, 202323
  • DirectorShmuel Donnerstein named Jul 3, 202323

Timeline

  1. Mar 18, 2026New chief executive David Bendavid becomes CEO11
  2. Mar 2022Went public Listed on NASDAQ1
  3. 2016Founded Founded1

Filings

208 filings to the SEC since October 2021: 5 annual reports, 13 insider forms, 9 large holders, 3 private raises, 178 other. The latest 20:

  1. Sep 17, 20266-K EDGAR
  2. Sep 14, 20264 EDGAR
  3. Sep 14, 2026S-8 EDGAR
  4. Sep 9, 20266-K EDGAR
  5. Sep 3, 20266-K EDGAR
  6. Aug 26, 20266-K EDGAR
  7. Aug 17, 2026SCHEDULE 13G/A EDGAR
  8. Jun 24, 20266-K EDGAR
  9. Jun 3, 20266-K EDGAR
  10. Jun 2, 20264 EDGAR
  11. May 29, 20266-K EDGAR
  12. May 20, 20266-K EDGAR
  13. Mar 31, 20266-K EDGAR
  14. Mar 31, 202620-F EDGAR
  15. Mar 24, 20266-K EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 208 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 10, 2026NAVEH OFERCHIEF FINANCIAL OFFICERSale1,000$4.00$4.0KForm 4
Jun 1, 2026Revach Hila KironDirectorSale1,444$4.75$6.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jan 30, 2024Raised $3 million in a private offering of equity Form D: 11 investors so far Form D
  2. Jun 21, 2023Raised $3 million in a private offering of equity Form D: 1 investor so far Form D
  3. May 11, 2023Raised $3 million in a private offering of equity Form D: 9 investors so far Form D

SEC filer profile

How Rail Vision is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRail Vision Ltd.2
  • CIK0001743905
  • Filer statusNon-accelerated filer an emerging growth company; a shell company5
  • Incorporated inIsrael5
  • Fiscal year endsDecember 312
  • Industry code (SIC)3743 Railroad Equipment2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address15 Ha'Tidhar St., P.O.B 2155, Ra'Anana, L3 43665172
  • Phone972995777062
  • Shares outstanding2,192,186 shares as of Mar 25, 20265
  • AuditorBrightman Almagor Zohar & Co., Tel Aviv, Israel PCAOB ID 1197; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJun 25, 20182
  • Filings213 in all: 6-K (118), CORRESP (12), 3 (11), UPLOAD (10), EFFECT (7), 20-F (5), 424B5 (5), F-3 (5)2
    All 31 form types

    S-8 (4), D (3), F-1 (3), F-1/A (3), SC 13G/A (3), 144 (2), 4 (2), 6-K/A (2), DRS/A (2), F-3/A (2), SC 13G (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRSLTR (1), FWP (1), NT 20-F (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, no par valueRVSNNasdaq
Warrants to purchase ordinary shares, no par valueRVSNWNasdaq

From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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