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Financials · VUZI

Vuzix Corporation (VUZI) financials

For the twelve months ended Jun 30, 2026, Vuzix Corporation reported $5.91M of revenue and -$30.67M of net income.

Revenue, TTM
$5.91M
Revenue growth, YoY
+6.8%
Net income, TTM
-$30.67M
Net margin
-519.0%
Free cash flow, TTM
-$24.59M
EPS, diluted, TTM
-$0.39
Cash
$17.30M
P/S
30.57
Market cap
$180.6M
Annual revenue$6.28M
FY2016FY2025
Annual net income-$32.27M
FY2016FY2025
Annual free cash flow-$20.80M
FY2016FY2025

VUZI revenue and earnings growth

VUZI revenueQ2 2026$1.11M

Quarter YoY
-14.1%
QoQ
-20.0%
FY YoY
+9.1%
5Y CAGR
-11.5%
10Y CAGR
+8.6%

VUZI revenue was $1.11M in fiscal Q2 2026 (ended Jun 30, 2026), down 14.1% from a year earlier and down 20.0% from the prior quarter. For the full fiscal 2025 it was $6.28M, up 9.1% from fiscal 2024. Compound annual growth was -11.5% over 5 years and +8.6% over 10 years. It rose in 6 of the last 10 fiscal years.

VUZI net incomeQ2 2026-$7.63M

VUZI net income was -$7.63M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.67M a year earlier. For the full fiscal 2025 it was -$32.27M, compared with -$73.54M in fiscal 2024.

VUZI EPSQ2 2026-$0.09

VUZI diluted EPS was -$0.09 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.10 a year earlier. For the full fiscal 2025 it was -$0.42, compared with -$1.08 in fiscal 2024.

VUZI free cash flowQ2 2026-$6.81M

VUZI free cash flow was -$6.81M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$5.52M a year earlier. For the full fiscal 2025 it was -$20.80M, compared with -$25.10M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$6.28M$5.75M$12.13M$11.84M$13.16M$11.58M$6.67M$8.09M$5.54M$2.13M
Cost of revenue$7.34M$11.35M$14.76M$10.35M$11.60M$10.98M$11.08M$6.33M$6.21M$3.29M
Gross profit-$1.06M-$5.60M-$2.63M$1.48M$1.57M$598.0K-$4.41M$1.77M-$676.6K-$1.16M
Research and development$12.63M$9.63M$12.34M$12.68M$11.67M$7.57M$8.90M$10.38M$6.71M$6.95M
Selling, general and admin$11.63M$17.23M$18.59M$21.04M$22.50M$6.92M$6.60M$6.97M$6.13M$5.11M
Operating income-$32.51M-$73.97M-$52.30M-$42.23M-$39.98M-$19.13M-$26.57M-$21.86M-$19.35M-$18.54M
Interest expense-------$19.3K$88.2K$131.1K
Pre-tax income-$32.27M-$73.54M-$50.15M-$40.76M-$40.38M-$17.95M-$26.48M-$21.88M-$19.63M-$19.25M
Income tax$0$0$0--$0$0$0$0$0
Net income-$32.27M-$73.54M-$50.15M-$40.76M-$40.38M-$17.95M-$26.48M-$21.88M-$19.63M-$19.25M
EPS, basic-$0.42-$1.08-$0.79-$0.64-$0.66-$0.53-$0.94$0.87$1.02$1.23
EPS, diluted-$0.42-$1.08-$0.79-$0.64-$0.66-$0.53-$0.94$0.87$1.02$1.23
Diluted shares77.6M67.8M63.4M63.7M61.1M38.1M30.3M27.2M21.0M16.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$21.15M$18.19M$26.56M$72.56M$120.20M$36.07M$10.61M$17.26M$14.89M$14.53M
Receivables$1.63M$1.61M$3.83M$3.56M$2.24M$1.39M$1.37M$772.3K$974.2K$103.3K
Inventory$2.19M$4.81M$9.00M$11.27M$12.15M$6.10M$5.71M$7.28M$3.85M$2.65M
Current assets$27.20M$26.72M$41.50M$90.63M$137.15M$45.06M$19.07M$27.38M$21.24M$18.23M
Goodwill---$1.60M------
Total assets$40.07M$39.41M$86.15M$131.07M$148.47M$52.47M$28.45M$35.13M$26.83M$22.35M
Current liabilities$4.89M$2.11M$5.22M$15.28M$4.16M$3.10M$2.63M$4.68M$5.45M$4.42M
Short-term debt--------$0$1.42M
Long-term debt------$1.57M-$0$0
Total debt------$1.57M-$0$1.42M
Total liabilities$5.39M$2.11M$5.35M$15.58M$4.74M$4.17M$4.21M$4.68M$5.45M$4.62M
Shareholders' equity$24.68M$37.29M$80.79M$115.49M$143.73M$48.30M$24.24M$30.46M$21.38M$17.72M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$18.79M-$23.74M-$26.28M-$24.52M-$26.98M-$13.96M-$22.36M-$22.54M-$16.47M-$14.40M
Capital expenditures$2.01M$1.36M$5.32M$1.72M$3.81M$496.6K$1.90M$1.37M$1.68M$2.04M
Free cash flow-$20.80M-$25.10M-$31.60M-$26.24M-$30.79M-$14.46M-$24.25M-$23.91M-$18.15M-$16.44M
Investing cash flow-$2.62M-$2.92M-$19.28M-$21.17M-$4.85M-$1.49M-$3.16M-$3.15M-$2.69M-$2.19M
Financing cash flow$24.37M$18.29M-$449.6K-$1.95M$115.97M$40.91M$18.86M$28.06M$19.51M$19.24M
Share repurchases--$470.8K$2.01M------
Stock-based compensation$5.33M$11.57M$12.71M$15.78M$17.30M$2.81M$1.50M$2.27M$1.85M$756.9K
Depreciation and amortization$1.60M$2.99M$3.84M$1.79M$988.1K$1.13M$2.44M$1.47M$998.5K$770.7K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY9.1%-52.6%2.5%-10.1%13.7%73.6%-17.6%46.2%160.3%-22.6%
EPS growth, YoY--------14.7%-17.1%-
Gross margin-16.9%-97.3%-21.7%12.5%11.9%5.2%-66.1%21.8%-12.2%-54.7%
Operating margin-517.6%-1285.4%-431.2%-356.8%-303.7%-165.2%-398.3%-270.1%-349.5%-871.3%
Net margin-513.9%-1277.9%-413.5%-344.4%-306.7%-155.0%-396.9%-270.3%-354.5%-904.9%
Free cash flow margin-331.2%-436.1%-260.5%-221.7%-233.9%-124.9%-363.6%-295.4%-327.7%-772.6%
Return on equity-130.8%-197.2%-62.1%-35.3%-28.1%-37.2%-109.2%-71.8%-91.8%-108.6%
Return on assets-80.5%-186.6%-58.2%-31.1%-27.2%-34.2%-93.1%-62.3%-73.2%-86.1%
Current ratio5.5612.657.965.9333.0014.567.245.863.904.12
Debt to equity------0.06-0.000.08

Source: XBRL data Vuzix Corporation files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VUZI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VUZI$5.91M+6.8%-$30.67M-519.0%$180.6M
QCOM$43.12B-2.6%$13.63B31.6%$183.47B
MSI$12.60B+11.4%$2.08B16.5%$87.29B
NOK€19.89B+3.5%€651.00M3.3%$46.97B
UI$3.57B+29.4%$1.07B30.1%$41.48B
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$35.74B
PL$378.28M+44.1%-$359.87M-95.1%$5.23B
ONDS$174.10M+979.3%$167.06M96.0%$3.47B
HLIT$502.23M+70.9%-$35.19M-7.0%$1.12B

VUZI FAQ

9 questions
  • What is VUZI revenue?
    Vuzix Corporation (VUZI) reported $5.91M of revenue for the twelve months ended Jun 30, 2026. That is up 6.8% from the year before. Revenue for fiscal 2025 was $6.28M.
  • Is VUZI profitable?
    No. Vuzix Corporation reported a net loss of $30.67M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does VUZI have?
    Vuzix Corporation reported $17.30M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is VUZI revenue growing?
    Vuzix Corporation's revenue changed +9.1% in fiscal 2025, to $6.28M. Its compound annual growth rate was -11.5% over 5 years and +8.6% over 10 years.
  • What is VUZI gross margin?
    Vuzix Corporation's gross profit was -$1.06M on $5.91M of revenue for the twelve months ended Jun 30, 2026, a gross margin of -17.9%.
  • What is VUZI free cash flow?
    Vuzix Corporation generated -$24.59M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$22.70M less capital expenditures.
  • What is VUZI earnings per share?
    Diluted earnings per share were -$0.39 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did VUZI last report financial results?
    The latest statements here come from Vuzix Corporation's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this VUZI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Vuzix Corporation files with the SEC. It is provided for information only and is not investment advice.