Microvision Inc (MVIS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MVIS SEC filings page.
Microvision Inc (MVIS) reported $2.9M in revenue over the twelve months to Jun 30, 2026, up 11.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
MicroVision remains a development-stage business: operating costs vastly exceed sales, while external financing supplies cash as operations remain negative.
FY2025’s net loss was$95.0M , but operating cash flow was-$58.7M ; the gap indicates non-cash charges and working-capital effects materially softened the cash impact. Because free cash flow was-$59.4M against operating cash flow, capital spending added little to the cash burden, so the central need is funding ongoing operations rather than heavy reinvestment.
Development spending dominates the current model: R&D was
Operations are financed externally: financing cash flow provided
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Microvision Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Microvision Inc held $74.9M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $58.7M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Microvision Inc scores 39/100 among other emerging companies.
Microvision Inc had 307M shares outstanding at the end of fiscal year 2025, against 245M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Microvision Inc scores 30/100 among other emerging companies.
Microvision Inc spent $31.7M on research and development in fiscal year 2025, which was 37.7% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Microvision Inc scores 69/100 among other emerging companies.
Microvision Inc reported revenue of $1.2M in fiscal year 2025, against $4.7M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Microvision Inc scores 3/100 among other emerging companies.
Microvision Inc's operations used $58.7M of cash in fiscal year 2025, against $68.5M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Microvision Inc scores 52/100 among other emerging companies.
Microvision Inc's cash, cash equivalents and investments came to $74.9M at the end of fiscal year 2025, against $47.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Microvision Inc scores 70/100 among other emerging companies.
Microvision Inc scores -14.48, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($45.0M) relative to total liabilities ($47.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Microvision Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Microvision Inc reported a net loss of $95.0M while operations used $58.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Microvision Inc reported an operating loss of $82.8M against $7.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Microvision Inc generated $1.5M in revenue in Q2 2026. This represents an increase of 850.3% from the same quarter a year earlier. Against the prior quarter it is up 57.5%.
Microvision Inc's EBITDA was -$22.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 60.2% from the same quarter a year earlier. Against the prior quarter it is down 6.5%.
Microvision Inc reported -$36.9M in net income in Q2 2026. This represents a decrease of 159.6% from the same quarter a year earlier. Against the prior quarter it is down 46.1%.
Microvision Inc earned -$1.66 per diluted share (EPS) in Q2 2026. This represents a decrease of 97.6% from the same quarter a year earlier.
Cash & Balance Sheet
Microvision Inc recorded an outflow of $19.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 50.3% from the same quarter a year earlier. Against the prior quarter it is down 17.3%.
Microvision Inc held $27.2M in cash against $24.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Microvision Inc's gross margin was 43.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is up 4.8 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Microvision Inc's ROE was -179.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 160.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 115.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Microvision Inc invested $15.7M in research and development in Q2 2026. This represents an increase of 105.0% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Microvision Inc invested $305K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 46.6% from the same quarter a year earlier. Against the prior quarter it is up 113.3%.
Not reported for Q2 2026.
MVIS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M+850.3% | $935K+58.7% | $223K-86.5% | $241K+26.8% | $155K-91.8% | $589K-38.4% | $1.6M-67.7% | $190K-81.9% |
| Cost of Revenue | $831K+16.1% | $572K+4.0% | $16.3M+296.6% | $957K+64.2% | $716K-53.9% | $550K-56.9% | $4.1M+356.3% | $583K-6.7% |
| Gross Profit | $642K+214.4% | $363K+830.8% | -$16.1M-553.0% | -$716K-82.2% | -$561K-262.1% | $39K+112.1% | -$2.5M-158.7% | -$393K-193.1% |
| R&D Expenses | $15.7M+105.0% | $14.4M+95.1% | $8.7M-0.9% | $8.0M-8.7% | $7.7M-46.1% | $7.4M-57.2% | $8.8M-39.9% | $8.7M-43.9% |
| SG&A Expenses | $9.2M+43.1% | $9.5M+42.5% | $3.2M-46.2% | $4.0M-39.0% | $6.4M-16.9% | $6.7M-26.5% | $5.9M-37.8% | $6.6M-24.5% |
| Operating Income | -$24.2M-65.2% | -$23.5M-67.3% | -$41.4M-124.2% | -$12.7M+19.0% | -$14.7M+40.5% | -$14.0M+47.4% | -$18.5M+7.1% | -$15.7M+34.3% |
| EBITDA | -$22.5M-60.2% | -$21.1M-67.2% | -$38.2M-144.1% | -$12.1M+17.0% | -$14.1M+40.0% | -$12.6M+49.3% | -$15.7M+9.8% | -$14.6M+34.2% |
| Interest Expense | $5.5M+152.5% | $2.8M-61.8% | -$4.4M-199.1% | $2.2M+10361.9% | $2.2M+16592.3% | $7.3M+40594.4% | $4.4M | $21K |
| Income Tax | $181K+94.6% | $182K+149.3% | -$422K-621.0% | $172K+59.3% | $93K+10.7% | $73K-68.8% | $81K-82.9% | $108K-48.8% |
| Net Income | -$36.9M-159.6% | -$25.3M+12.1% | -$37.8M-21.2% | -$14.2M+8.4% | -$14.2M+40.5% | -$28.8M-9.4% | -$31.2M-57.9% | -$15.5M+33.9% |
| EPS (Basic) | -$1.66-97.6% | -$0.08+33.3% | -$0.13+7.1% | -$0.05+28.6% | -$0.84-663.6% | -$0.12+7.7% | -$0.14-40.0% | -$0.07+41.7% |
| EPS (Diluted) | -$1.66-97.6% | -$0.08+33.3% | -$0.13+7.1% | -$0.05+28.6% | -$0.84 | -$0.12+7.7% | -$0.14-40.0% | -$0.07+41.7% |
| Diluted Shares (Avg) | 22M+31.3% | 309M+30.8% | N/A | 295M+38.7% | 17M | 236M+19.9% | N/A | 213M+13.1% |
MVIS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $88.6M-37.0% | $110.2M-5.6% | $103.1M-14.9% | $150.8M+70.9% | $140.6M+36.0% | $116.7M-6.0% | $121.2M-6.5% | $88.3M-35.1% |
| Current Assets | $34.3M-66.8% | $54.2M-31.4% | $81.1M-1.6% | $115.0M+116.7% | $103.2M+55.0% | $79.0M-4.0% | $82.5M-4.9% | $53.0M-42.0% |
| Cash & Equivalents | $27.2M-63.3% | $46.1M-11.2% | $32.4M-40.6% | $72.8M+340.8% | $74.1M+177.0% | $51.9M+17.2% | $54.5M+20.6% | $16.5M-66.5% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $42.5M+110.4% | $26.7M0.0% | $17.3M-42.1% | $17.1M-40.6% | $20.2M-29.4% | $26.7M-6.9% |
| Inventory | $3.7M-40.3% | $4.0M+59.0% | $745K-67.5% | $8.1M+81.3% | $6.1M+45.8% | $2.5M-32.2% | $2.3M-40.8% | $4.5M+24.1% |
| Accounts Receivable | $915K+779.8% | $732K+190.5% | $47K-94.9% | $40K-82.8% | $104K-94.7% | $252K-77.5% | $926K-2.4% | $232K-68.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.7M | $3.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $68.0M+7.0% | $70.7M+11.2% | $47.6M-34.3% | $60.1M+168.2% | $63.5M+157.1% | $63.5M+109.2% | $72.4M+114.0% | $22.4M-40.5% |
| Current Liabilities | $50.4M+17.7% | $51.8M+23.7% | $30.1M-34.4% | $39.9M+276.0% | $42.8M+238.5% | $41.9M+135.8% | $46.0M+124.1% | $10.6M-55.9% |
| Non-Current Liabilities | $17.6M-15.1% | $18.9M-12.9% | $17.4M-34.1% | $20.2M+71.3% | $20.7M+71.6% | $21.7M+71.7% | $26.4M+98.4% | $11.8M-13.4% |
| Long-Term Debt | $24.6M-23.9% | $32.1M+6.8% | $19.2M-41.8% | $29.0M | $32.3M | $30.1M | $33.0M | N/A |
| Total Equity | $20.6M-73.3% | $39.5M-25.7% | $55.5M+13.9% | $90.7M+37.8% | $77.1M-2.0% | $53.2M-43.3% | $48.8M-49.1% | $65.9M-33.0% |
| Retained Earnings | -$1.0B-12.6% | -$982.6M-10.3% | -$957.3M-11.0% | -$919.5M-10.6% | -$905.3M-11.0% | -$891.1M-12.6% | -$862.3M-12.7% | -$831.1M-11.5% |
MVIS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$19.1M-50.4% | -$16.4M-16.6% | -$15.4M-2.3% | -$16.5M-17.0% | -$12.7M+31.7% | -$14.1M+32.1% | -$15.1M+9.2% | -$14.1M+30.9% |
| Depreciation & Amortization | $1.7M+182.6% | $2.4M+68.2% | $1.5M-11.8% | $603K-45.2% | $603K-49.8% | $1.4M-21.8% | $1.7M+6.2% | $1.1M-35.5% |
| Stock-Based Compensation | N/A | $983K-48.8% | N/A | -$1.6M-166.1% | $1.9M-42.4% | $1.9M-48.7% | N/A | $2.4M-48.3% |
| Capital Expenditures | $305K+46.6% | $143K+44.4% | $244K+136.9% | $128K+1322.2% | $208K+25.3% | $99K-13.2% | $103K+123.9% | -$9K-98.2% |
| Free Cash Flow | -$19.4M-50.3% | -$16.6M-16.8% | -$15.6M-3.2% | -$16.6M-17.8% | -$12.9M+31.2% | -$14.2M+32.0% | -$15.2M+8.8% | -$14.1M+32.5% |
| Investing Cash Flow | -$305K+5.0% | $9.2M+198.0% | -$18.0M-377.2% | -$9.4M-362.2% | -$321K+92.2% | $3.1M+194.1% | $6.5M+1387.9% | $3.6M+32.5% |
| Financing Cash Flow | $345K-99.0% | $21.0M+156.4% | -$6.9M-114.7% | $24.5M+153068.8% | $35.1M+580.7% | $8.2M-61.0% | $46.7M+300.3% | -$16K-100.3% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MVIS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.6% | 38.8%+32.2pp | -7220.6% | -297.1% | -361.9% | 6.6%+40.2pp | -149.4% | -206.8% |
| Operating Margin | -1643.6% | -2512.7% | -18570.0% | -5278.4% | -9455.5% | -2383.7% | -1119.5% | -8266.3% |
| Net Margin | -2508.0% | -2705.2% | -16930.9% | -5899.2% | -9180.0% | -4886.1% | -1888.2% | -8166.8% |
| Return on Equity | -179.2%-160.7pp | -64.0%-9.9pp | -68.0%-4.1pp | -15.7%+7.9pp | -18.4%+11.9pp | -54.1%-26.0pp | -63.9%-43.3pp | -23.6%+0.3pp |
| Return on Assets | -41.7%-31.6pp | -22.9%+1.7pp | -36.6%-10.9pp | -9.4%+8.2pp | -10.1%+13.0pp | -24.6%-3.5pp | -25.7%-10.5pp | -17.6%-0.3pp |
| Current Ratio | 0.68-1.7x | 1.05-0.8x | 2.69+0.9x | 2.88-2.1x | 2.41-2.9x | 1.89-2.7x | 1.79-2.4x | 5.00+1.2x |
| Debt-to-Equity | 1.19+0.8x | 0.81+0.2x | 0.35-0.3x | 0.320.0x | 0.42+0.1x | 0.57+0.2x | 0.68+0.3x | 0.340.0x |
| Asset Turnover | 0.020.0x | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.000.0x |
| FCF Margin | -1320.4% | -1773.9% | -7017.5% | -6894.6% | -8346.5% | -2410.4% | -918.7% | -7421.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Microvision Inc MVIS | FY2025 | $1.2M | -$95.0M | N/A | $45.0M | 44/100 |
| Mesa Laboratories Inc MLAB | FY2026 | $249.1M | $6.7M | 2.7% | $741.7M | 45/100 |
| Vishay Precision Group, Inc. VPG | FY2025 | $307.2M | $5.3M | 1.7% | $1.1B | 58/100 |
| Ituran Location and Control Ltd. ITRN | FY2025 | $359.0M | $58.0M | 16.2% | $1.0B | 74/100 |
Where Microvision Inc Ranks
Frequently Asked Questions
What is Microvision Inc's annual revenue?
Microvision Inc (MVIS) reported $1.2M in total revenue for fiscal year 2025. This represents a -74.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Microvision Inc's revenue growing?
Microvision Inc (MVIS) revenue declined by 74.3% year-over-year, from $4.7M to $1.2M in fiscal year 2025.
Is Microvision Inc profitable?
No, Microvision Inc (MVIS) reported a net income of -$95.0M in fiscal year 2025.
What is Microvision Inc's EBITDA?
Microvision Inc (MVIS) had EBITDA of -$77.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Microvision Inc have?
As of fiscal year 2025, Microvision Inc (MVIS) had $32.4M in cash and equivalents against $19.2M in long-term debt.
What is Microvision Inc's return on equity (ROE)?
Microvision Inc (MVIS) has a return on equity of -171.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Microvision Inc's free cash flow?
Microvision Inc (MVIS) recorded an outflow of $59.4M in free cash flow during fiscal year 2025. This represents a 13.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Microvision Inc's operating cash flow?
Microvision Inc (MVIS) recorded an outflow of $58.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Microvision Inc's total assets?
Microvision Inc (MVIS) had $103.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Microvision Inc's capital expenditures?
Microvision Inc (MVIS) invested $679K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Microvision Inc spend on research and development?
Microvision Inc (MVIS) invested $31.7M in research and development during fiscal year 2025.
What is Microvision Inc's current ratio?
Microvision Inc (MVIS) had a current ratio of 2.69 as of fiscal year 2025, which is generally considered healthy.
What is Microvision Inc's debt-to-equity ratio?
Microvision Inc (MVIS) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Microvision Inc's return on assets (ROA)?
Microvision Inc (MVIS) had a return on assets of -92.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Microvision Inc's P/E ratio?
Microvision Inc (MVIS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $45.0M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Microvision Inc's price-to-sales ratio?
Microvision Inc (MVIS) trades at 15.7x sales, its market capitalization divided by revenue of $2.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $45.0M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Microvision Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Microvision Inc (MVIS) held $74.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $58.7M over that year. Dividing the one by the other, the reported balance equals about 15 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Microvision Inc's Altman Z-Score?
Microvision Inc (MVIS) has an Altman Z-Score of -14.48, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Microvision Inc's Piotroski F-Score?
Microvision Inc (MVIS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Microvision Inc's earnings high quality?
Microvision Inc (MVIS) reported a net loss of $95.0M while operations used $58.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Microvision Inc cover its interest payments?
Microvision Inc (MVIS) reported an operating loss of $82.8M against $7.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Microvision Inc?
Microvision Inc (MVIS) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.