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Rail Vision Ltd

railvision.io

What Do They Do?

Builds railway detection systems that use cameras and AI to spot track hazards and alert crews, for passenger and freight rail operators and shunting-yard operators.

How Do They Make Money?

Customers pay under contract billing schedules; product sales are tied to shipment, delivery, or installation, while service revenue is earned over the service period.

revenue
SegmentShareRevenue
Sale of Products
Sold outright

93%
FY2022: 52%
Services
Recurring
7.3%
FY2022: 48%

Who Are Their Customers?

Rail operators buy systems through pilots, demonstrations and evaluations before commercial orders; buyers also include mining and rail-services companies.

Do Revenues Turn Into Profits?

No. It lost $11.1M in FY2025.

Operating income, FY2025
−789% of revenue
▲ +30% (Loss) vs FY2024 (−$9M, −693%)
Net income, FY2025
−746% of revenue
▼ −64% (Loss) vs FY2024 (−$30.7M, −2362%)
Free cash flow, FY2025
−622% of revenue
▼ −5% (Loss) vs FY2024 (−$9.7M, −747%)

How Are They Changing?

Growing. Revenue grew 67% in 4 years, from $888K in FY2021 to $1.5M in FY2025, about 14% a year.

Revenue over time
Sale of Products Services
$2M$1M$0

Who Do They Compete With?

Competes with 4AI Systems, NIART Technologies, Bosch Engineering, Siemens Mobility, and OTIV

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