MICROVISION, INC. MVIS
Last close
1.18
2026-10-23
Market cap
$28.1M
2026-06-30 share count
52-week range
1.08 - 18.75
Valuation FY2025 figures against the last close
P/S23.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.35
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $4.7M | $7.3M | $664.0K | $2.5M | $3.1M | $8.9M | $17.6M | $9.6M | $14.8M |
| Cost of revenue | $18.5M | $7.5M | $2.8M | $100.0K | $2.0K | $1.4M | $8.6M | $10.6M | $9.9M | $10.4M |
| Gross profit | -$17.3M | -$2.8M | $4.5M | $564.0K | $2.5M | $1.7M | $322.0K | $7.0M | -$228.0K | $4.4M |
| R&D | $31.7M | $49.0M | $56.7M | $30.4M | $24.1M | $9.8M | $18.7M | $24.7M | $15.1M | $12.1M |
| SG&A | $20.3M | $29.3M | $36.7M | $24.0M | $22.3M | $5.9M | $8.1M | $9.5M | $10.2M | $8.7M |
| Total operating expenses | $65.5M | $82.7M | $93.4M | $54.5M | $46.4M | $15.3M | $26.8M | $34.2M | $25.3M | $20.8M |
| Operating income | -$82.8M | -$85.5M | -$88.9M | -$53.9M | -$43.9M | -$13.6M | -$26.5M | -$27.2M | -$25.5M | -$16.5M |
| Interest expense | $7.3M | $4.5M | $80.0K | $62.0K | — | — | — | — | — | — |
| Pre-tax income | -$95.1M | -$96.4M | -$81.7M | -$53.1M | -$43.2M | -$13.6M | -$26.5M | -$27.2M | -$25.5M | -$16.5M |
| Income tax | $84.0K | $507.0K | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$95.0M | -$96.9M | -$82.8M | -$53.1M | -$43.2M | -$13.6M | -$26.5M | -$27.2M | -$25.5M | -$16.5M |
| EPS, basic | -0.35 | -0.46 | -0.45 | -0.32 | -0.27 | -0.10 | — | — | — | — |
| EPS, diluted | -0.35 | -0.46 | -0.45 | -0.32 | -0.27 | -0.10 | -0.24 | — | — | — |
| Shares, diluted (wtd. avg.) | 273.1M | 209.5M | 182.8M | 166.0M | 160.7M | 139,829 | — | — | 72.8M | 52.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $32.4M | $54.5M | $45.2M | $22.0M | $83.7M | $17.3M | $6.3M | $14.2M | $17.4M | $15.6M |
| Short-term investments | $42.5M | $20.2M | $28.6M | $62.2M | $32.7M | — | — | — | — | — |
| Receivables | $47.0K | $926.0K | $949.0K | — | — | $0 | $1.1M | $476.0K | $15.0K | $245.0K |
| Inventory | $745.0K | $2.3M | $3.9M | $1.9M | $1.8M | $0 | $192.0K | $1.1M | $4.5M | $1.2M |
| Total current assets | $81.1M | $82.5M | $86.8M | $91.0M | $119.4M | $17.6M | $7.8M | $17.6M | $23.2M | $17.3M |
| Property, plant and equipment | $4.3M | $7.1M | $9.0M | $6.8M | $3.0M | $1.9M | $1.8M | $3.0M | $3.3M | $1.5M |
| Other intangibles | $32.0K | $11.0M | $17.2M | $75.0K | $115.0K | $164.0K | $221.0K | $486.0K | $602.0K | $718.0K |
| Total assets | $103.1M | $121.2M | $129.6M | $115.0M | $130.2M | $21.0M | $11.8M | $23.0M | $29.8M | $20.1M |
| Accounts payable | $1.6M | $1.1M | $2.3M | $2.1M | $3.6M | $630.0K | $1.9M | $2.4M | $3.1M | $2.2M |
| Total current liabilities | $30.1M | $46.0M | $20.5M | $11.4M | $12.5M | $10.0M | $14.5M | $18.2M | $19.1M | $7.2M |
| Long-term debt | $19.2M | $33.0M | — | — | — | — | — | — | — | — |
| Total liabilities | $47.6M | $72.4M | $33.8M | $25.3M | $17.5M | $12.0M | $15.8M | $18.9M | $19.7M | $12.6M |
| Retained earnings | -$957.3M | -$862.3M | -$765.4M | -$682.5M | -$629.4M | -$586.2M | — | — | — | — |
| Total equity | $55.5M | $48.8M | $95.8M | $89.7M | $112.8M | $9.0M | -$4.0M | $4.1M | $10.1M | $13.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$58.7M | -$68.5M | -$67.1M | -$38.0M | -$29.4M | -$16.1M | -$24.0M | -$22.6M | -$15.5M | -$14.8M |
| Depreciation and amortisation | $5.8M | $6.9M | $7.9M | $2.2M | $1.5M | $963.0K | $1.6M | $1.8M | $1.1M | $1.1M |
| Stock-based compensation | $701.0K | $11.5M | $16.1M | $15.5M | $15.3M | $1.3M | $1.6M | $1.1M | $1.3M | $1.2M |
| Capital expenditure | $679.0K | $374.0K | $1.9M | $4.4M | $2.5M | $402.0K | $745.0K | — | — | — |
| Investing cash flow | -$24.6M | $2.7M | $21.8M | -$38.1M | -$35.3M | $123.0K | -$745.0K | -$1.1M | -$3.0M | -$891.0K |
| Financing cash flow | $60.9M | $72.9M | $72.4M | $14.3M | $131.2M | $27.0M | $16.9M | $20.5M | $20.3M | $23.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-028274.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.8M | $9.6M | $17.6M | $8.9M | $3.1M | $2.5M | $664.0K | $7.3M | $4.7M | $1.2M |
| Gross profit | $4.4M | -$228.0K | $7.0M | $322.0K | $1.7M | $2.5M | $564.0K | $4.5M | -$2.8M | -$17.3M |
| Net income | -$16.5M | -$25.5M | -$27.2M | -$26.5M | -$13.6M | -$43.2M | -$53.1M | -$82.8M | -$96.9M | -$95.0M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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