MICROVISION, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 01/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.2M | $4.7M | $7.3M | — | $664,000 |
| Cost of revenue | $18.5M | $7.5M | $2.8M | — | $100,000 |
| Gross profit | -$17.3M | -$2.8M | $4.5M | — | $564,000 |
| Selling, general & administrative | $20.3M | $29.3M | $36.7M | — | $24.0M |
| Research and development | $31.7M | $49.0M | $56.7M | — | $30.4M |
| Operating expenses | $65.5M | $82.7M | $93.4M | — | $54.5M |
| Operating income | -$82.8M | -$85.5M | -$88.9M | — | -$53.9M |
| Interest expense | $7.3M | $4.5M | $80,000 | — | $62,000 |
| Pretax income | -$95.1M | -$96.4M | -$81.7M | — | -$53.1M |
| Income tax expense | -$84,000 | $507,000 | $1.1M | — | $0 |
| Net income | -$95.0M | -$96.9M | -$82.8M | — | -$53.1M |
| Balance Sheet | |||||
| Cash and equivalents | $32.4M | $54.5M | $45.2M | $18.5M | $20.5M |
| Current assets | $81.1M | $82.5M | $86.8M | — | $91.0M |
| Total assets | $103.1M | $121.2M | $129.6M | — | $115.0M |
| Current liabilities | $30.1M | $46.0M | $20.5M | — | $11.4M |
| Total liabilities | $47.6M | $72.4M | $33.8M | — | $25.3M |
| Total debt | $19.5M | $47.6M | — | — | — |
| Stockholders' equity | $55.5M | $48.8M | $95.8M | — | $89.7M |
| Cash Flow Statement | |||||
| Cash from operations | -$58.7M | -$68.5M | -$67.1M | — | -$38.0M |
| Depreciation and amortization | $5.8M | $6.9M | $7.9M | — | $2.2M |
| Stock-based compensation | $701,000 | $11.5M | $16.1M | — | $15.5M |
| Capital expenditure | $679,000 | $374,000 | $1.9M | — | $4.4M |
| Free cash flow | -$59.4M | -$68.9M | -$69.0M | — | -$42.4M |
| Impairments | $10.1M | $4.2M | $12,000 | — | $64,000 |
Shares outstanding 331.6M · Free float 98.8%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.