NASDAQ : MVIS
MicroVision, Inc. — Financial statements
Technology · Scientific & Technical Instruments · United States
Last price 1.44 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 44.05M
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Financial statements
MicroVision, Inc. (MVIS) reported revenue of 5.03M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.03M | 1.21M | 4.70M | 7.26M | 664.00K | 2.50M |
| Cost of Revenue | 18.93M | 18.55M | 7.53M | 2.77M | 100.00K | 2.00K |
| Gross Profit | -13.90M | -17.34M | -2.83M | 4.49M | 564.00K | 2.50M |
| Selling, General & Admin | 31.27M | 20.32M | 28.75M | 36.09M | 24.04M | 22.26M |
| Research & Development | 52.01M | 31.72M | 43.62M | 56.71M | 30.41M | 24.11M |
| Operating Expenses | 83.27M | 52.05M | 72.36M | 92.80M | 54.45M | 46.37M |
| Operating Income | -97.17M | -69.39M | -75.19M | -88.31M | -53.89M | -43.87M |
| Interest Expense | -11.40M | -18.53M | -4.46M | -80.00K | -62.00K | |
| Other Non Operating Income (Expenses) | 12.54M | 10.95M | -6.43M | 2.59M | 861.00K | -23.00K |
| EBT Excluding Unusual Items | -96.03M | -76.97M | -86.08M | -85.80M | -53.09M | -43.89M |
| Merger & Restructuring Charges | -6.00M | -600.00K | ||||
| Gain (Loss) on Sale of Assets | 171.00K | -143.00K | 34.00K | |||
| Asset Writedown | -13.45M | -13.44M | -4.18M | |||
| Other Unusual Items | -2.94M | -4.65M | 4.67M | 692.00K | ||
| Pretax Income | -112.25M | -95.06M | -96.41M | -81.70M | -53.09M | -43.20M |
| Income Tax Expense | -26.00K | -84.00K | 507.00K | 1.15M | ||
| Net Income | -112.22M | -94.98M | -96.92M | -82.84M | -53.09M | -43.20M |
| Net Income to Common | -112.22M | -94.98M | -96.92M | -82.84M | -53.09M | -43.20M |
| Shares Outstanding (Basic) | 22.68M | 18.21M | 13.97M | 12.19M | 11.06M | 10.71M |
| Shares Outstanding (Diluted) | 22.68M | 18.21M | 13.97M | 12.19M | 11.06M | 10.71M |
| EPS (Basic) | -4.95 | -5.22 | -6.94 | -6.80 | -4.80 | -4.03 |
| EPS (Diluted) | -4.95 | -5.22 | -6.94 | -6.80 | -4.80 | -4.03 |
| Free Cash Flow | -66.69M | -59.40M | -68.91M | -69.03M | -42.38M | -31.90M |
| Free Cash Flow Per Share | -2.94 | -3.26 | -4.93 | -5.66 | -3.83 | -2.98 |
| Gross Margin | -276.25% | -60.35% | 61.81% | 84.94% | 99.92% | |
| Operating Margin | -1,931.47% | -5,743.79% | -1,601.26% | -1,216.55% | -8,115.96% | -1,754.76% |
| Profit Margin | -2,230.59% | -7,862.67% | -2,063.78% | -1,141.23% | -7,995.63% | -1,728.00% |
| Free Cash Flow Margin | -1,325.54% | -4,917.14% | -1,467.50% | -950.89% | -6,382.23% | -1,275.88% |
| EBITDA | -87.42M | -63.56M | -68.28M | -80.44M | -51.64M | -42.92M |
| D&A For EBITDA | 9.75M | 5.82M | 6.92M | 7.86M | 2.25M | 951.00K |
| EBIT | -97.17M | -69.39M | -75.19M | -88.31M | -53.89M | -43.87M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.89M | 32.36M | 54.49M | 45.17M | 20.54M | 82.65M |
| Short-Term Investments | 42.47M | 20.22M | 28.61M | 62.17M | 32.72M | |
| Cash & Short-Term Investments | 28.89M | 74.83M | 74.70M | 73.78M | 82.71M | 115.37M |
| Receivables | 1.40M | 47.00K | 926.00K | 949.00K | ||
| Inventory | 4.40M | 745.00K | 2.29M | 3.87M | 1.86M | 1.78M |
| Restricted Cash | 264.00K | 497.00K | 261.00K | 3.26M | ||
| Other Current Assets | 2.89M | 4.99M | 4.29M | 4.89M | 6.44M | 2.28M |
| Total Current Assets | 37.85M | 81.11M | 82.47M | 86.75M | 91.01M | 119.43M |
| Property, Plant & Equipment | 32.58M | 18.36M | 23.81M | 22.79M | 21.41M | 8.60M |
| Other Intangible Assets | 13.36M | 32.00K | 10.97M | 17.23M | 75.00K | 115.00K |
| Other Long-Term Assets | 3.37M | 3.62M | 3.91M | 2.86M | 2.50M | 2.08M |
| Total Assets | 90.83M | 103.12M | 121.16M | 129.63M | 115.00M | 130.22M |
| Accounts Payable | 6.36M | 2.29M | 1.51M | 3.16M | 2.19M | 3.85M |
| Accrued Expenses | 5.66M | 1.58M | 2.14M | 5.64M | 1.93M | 907.00K |
| Current Portion of Long-Term Debt | 22.59M | 19.21M | 24.25M | 392.00K | ||
| Current Portion of Leases | 5.25M | 3.50M | 2.68M | 2.32M | 1.87M | 870.00K |
| Current Income Taxes Payable | 21.00K | 20.00K | 2.11M | |||
| Current Unearned Revenue | 132.00K | 308.00K | 300.00K | 4.60M | 5.26M | |
| Other Current Liabilities | 7.14M | 3.55M | 15.04M | 6.97M | 839.00K | 1.18M |
| Total Current Liabilities | 47.14M | 30.15M | 45.95M | 20.50M | 11.43M | 12.46M |
| Long-Term Debt | 8.75M | |||||
| Long-Term Leases | 14.70M | 14.06M | 15.95M | 12.71M | 13.83M | 5.01M |
| Other Long-Term Liabilities | 6.25M | 3.36M | 1.73M | 614.00K | ||
| Total Liabilities | 68.08M | 47.57M | 72.39M | 33.83M | 25.25M | 17.47M |
| Common Stock | 33.00K | 306.00K | 225.00K | 195.00K | 171.00K | 164.00K |
| Additional Paid-In Capital | 1.05B | 1.01B | 910.83M | 860.76M | 772.22M | 742.04M |
| Retained Earnings | -1.03B | -957.26M | -862.28M | -765.37M | -682.52M | -629.43M |
| Comprehensive Income & Other | 610.00K | 669.00K | 210.00K | -127.00K | -19.00K | |
| Shareholders' Equity | 22.75M | 55.55M | 48.77M | 95.80M | 89.74M | 112.75M |
| Total Liabilities & Equity | 90.83M | 103.12M | 121.16M | 129.63M | 115.00M | 130.22M |
| Total Debt | 42.55M | 36.77M | 51.64M | 15.04M | 15.70M | 6.27M |
| Net Cash (Debt) | -13.66M | 38.07M | 23.06M | 58.74M | 67.01M | 109.10M |
| Net Cash Per Share | -0.60 | 2.09 | 1.65 | 4.82 | 6.06 | 10.19 |
| Filing Date Shares Outstanding | 27.39M | 20.44M | 16.33M | 13.02M | 11.72M | 10.98M |
| Total Common Shares Outstanding | 27.39M | 20.43M | 15.00M | 12.98M | 11.37M | 10.96M |
| Working Capital | -9.29M | 50.96M | 36.52M | 66.25M | 79.58M | 106.97M |
| Book Value Per Share | 0.83 | 2.72 | 3.25 | 7.38 | 7.89 | 10.29 |
| Tangible Book Value | 5.71M | 55.52M | 37.80M | 78.57M | 89.67M | 112.64M |
| Tangible Book Value Per Share | 0.21 | 2.72 | 2.52 | 6.05 | 7.89 | 10.28 |
| Machinery | 22.08M | 23.32M | 23.66M | 18.46M | 16.83M | |
| Leasehold Improvements | 4.07M | 3.96M | 3.84M | 3.79M | 913.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -112.22M | -94.98M | -96.92M | -82.84M | -53.09M | -43.20M |
| Depreciation & Amortization | 9.75M | 5.82M | 6.92M | 7.86M | 2.25M | 951.00K |
| Other Amortization | 11.35M | 11.16M | 4.38M | |||
| Loss (Gain) From Sale of Assets | -171.00K | 143.00K | -34.00K | |||
| Asset Writedown & Restructuring Costs | 13.45M | 13.44M | 4.59M | 12.00K | 64.00K | 882.00K |
| Loss (Gain) From Sale of Investments | -329.00K | -532.00K | -951.00K | -1.27M | 21.00K | 86.00K |
| Stock-Based Compensation | 1.90M | 701.00K | 11.54M | 16.14M | 15.46M | 15.28M |
| Other Operating Activities | 8.96M | 11.71M | 10.91M | -1.59M | 87.00K | -141.00K |
| Change in Accounts Receivable | -1.36M | 879.00K | 23.00K | -949.00K | ||
| Change in Inventory | -2.45M | -8.28M | -495.00K | -892.00K | -168.00K | -1.83M |
| Change in Accounts Payable | 4.81M | 496.00K | -1.14M | 942.00K | -1.74M | 2.52M |
| Change in Unearned Revenue | 118.00K | -399.00K | -188.00K | -6.45M | -293.00K | -1.32M |
| Change in Other Net Operating Assets | 1.56M | 1.25M | -7.35M | 1.99M | -609.00K | -2.64M |
| Operating Cash Flow | -64.63M | -58.72M | -68.54M | -67.09M | -38.02M | -29.40M |
| Capital Expenditures | -2.06M | -679.00K | -374.00K | -1.94M | -4.36M | -2.49M |
| Cash Acquisitions | -33.18M | -6.30M | -11.23M | |||
| Investment in Securities | 26.99M | -21.73M | 9.35M | 34.99M | -29.58M | -32.83M |
| Other Investing Activities | -2.24M | -2.24M | -4.13M | |||
| Investing Cash Flow | -10.49M | -24.65M | 2.67M | 21.82M | -38.07M | -35.32M |
| Long-Term Debt Issued | 38.08M | |||||
| Long-Term Debt Repaid | -16.51M | -21.00K | -418.00K | -516.00K | ||
| Net Debt Issued (Repaid) | 9.61M | -16.51M | 38.08M | -21.00K | -418.00K | -516.00K |
| Issuance of Common Stock | 21.46M | 77.38M | 34.81M | 72.46M | 14.72M | 131.68M |
| Financing Cash Flow | 31.07M | 60.87M | 72.89M | 72.44M | 14.31M | 131.16M |
| Foreign Exchange Rate Adjustments | -153.00K | 316.00K | -166.00K | 267.00K | ||
| Net Cash Flow | -44.20M | -22.18M | 6.86M | 27.44M | -61.78M | 66.44M |
| Free Cash Flow | -66.69M | -59.40M | -68.91M | -69.03M | -42.38M | -31.90M |
| Free Cash Flow Margin | -1,325.54% | -4,917.14% | -1,467.50% | -950.89% | -6,382.23% | -1,275.88% |
| Free Cash Flow Per Share | -2.94 | -3.26 | -4.93 | -5.66 | -3.83 | -2.98 |
| Levered Free Cash Flow | -28.88M | -48.03M | -21.27M | -29.23M | -26.25M | -14.73M |
| Unlevered Free Cash Flow | -33.11M | -47.61M | -22.87M | -29.18M | -26.21M | -14.73M |
| Change in Working Capital | 2.67M | -6.05M | -9.15M | -5.36M | -2.81M | -3.27M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 39.15M | 252.90M | 286.91M | 505.36M | 390.18M | 822.16M |
| Enterprise Value | 52.81M | 199.99M | 257.52M | 442.78M | 321.52M | 698.76M |
| Last Close Price | 1.35 | 12.42 | 19.65 | 39.90 | 35.25 | 75.15 |
| PS Ratio | 8.21 | 209.35 | 61.10 | 69.62 | 587.62 | 328.86 |
| PB Ratio | 1.63 | 4.55 | 5.88 | 5.28 | 4.35 | 7.29 |
| P/TBV Ratio | 7.23 | 4.55 | 7.59 | 6.43 | 4.35 | 7.30 |
| EV/Sales Ratio | 10.92 | 165.55 | 54.84 | 61.00 | 484.22 | 279.50 |
| Debt / Equity Ratio | 1.87 | 0.66 | 1.06 | 0.16 | 0.17 | 0.06 |
| Net Debt / Equity Ratio | 0.60 | -0.69 | -0.47 | -0.61 | -0.75 | -0.97 |
| Net Debt / EBITDA Ratio | -0.16 | 0.60 | 0.34 | 0.73 | 1.30 | 2.54 |
| Net Debt / FCF Ratio | -0.20 | 0.64 | 0.34 | 0.85 | 1.58 | 3.42 |
| Asset Turnover | 0.04 | 0.01 | 0.04 | 0.06 | 0.01 | 0.03 |
| Inventory Turnover | 3.02 | 12.21 | 2.44 | 0.97 | 0.06 | |
| Quick Ratio | 0.64 | 2.48 | 1.65 | 3.65 | 7.24 | 9.26 |
| Current Ratio | 0.80 | 2.69 | 1.79 | 4.23 | 7.96 | 9.58 |
| Return on Equity (ROE) | -197.81% | -182.10% | -134.07% | -89.30% | -52.44% | -70.96% |
| Return on Assets (ROA) | -50.27% | -38.67% | -37.48% | -45.12% | -27.47% | -36.26% |
| Return on Capital Employed (ROCE) | -222.40% | -95.10% | -100.00% | -80.90% | -52.00% | -37.30% |
| Earnings Yield | -386.54% | -37.56% | -33.78% | -16.39% | -13.61% | -5.25% |
| FCF Yield | -161.49% | -23.49% | -24.02% | -13.66% | -10.86% | -3.88% |
| Buyback Yield / Dilution | -35.32% | -30.37% | -14.61% | -10.15% | -3.30% | -14.90% |