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Kopin Corp (KOPN) stock

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NASDAQ: KOPN Nasdaq Electronic Equipment & Instruments Next results ~November 10, 2026

C Fundamentals grade

Kopin Corp is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.0

Revenue-to-maturity cash-flow model

Base case. Range ~$0.0–$0.0 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Kopin Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds124 adding, 74 cuttingOf 28 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Kopin files

Where Kopin stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $44m, down 7.1% on a year earlier, a smaller fall than the 22.6% decline a quarter earlier. That puts it 37 of 41 for growth among the electronic equipment & instruments companies we cover. Free-cash-flow margin fell to -42.2% from -37.0% a year earlier. Operating margin widened to -22.9% from -30.6%. The diluted share count is up 20.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $0.02 a share, against a share price of $4.03.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Kopin Corp's trailing-twelve-month revenue fell 7.1% year on year, with a free-cash-flow margin of -42.2%. Where it stands out: net margin of 18.3% ranks 4 of 53 electronic equipment & instruments companies we cover. Where it lags: revenue growth of -7.1% ranks 47 of 53 electronic equipment & instruments companies we cover.

Current signal Balance sheet growing far ahead of sales: Total assets grew 74% year over year while revenue fell 7% — the balance sheet is expanding 81 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 7.8 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 7.1% over the last 12 months.
  • Loss-making. Operating margin is -22.9%: costs exceed revenue.
  • Burning cash. Free cash flow was -42.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 20.0% in a year.
  • High earnings multiple. The shares trade at 81 times the last 12 months' earnings, so expectations are demanding.

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
$0.00 against an average estimate of -$0.01: beat by 100.0%
Revenue
$13m, up 50.6% on a year earlier
Share reaction
+21.8% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 10, 2026; average EPS estimate $0.00

Kopin's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-9.2%
  • 1 week+1.2%
  • 1 month-29.9%
  • This year+47.0%
  • 1 year-0.6%
  • 5 years-48.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$43.6M
Operating margin
-22.9%
Net margin
18.3%
EPS (TTM, diluted)
$0.04

Growth

Revenue growth
−7.1%
Change in growth rate
+15.5 pts
Share count change
+20.0%

Cash

Free cash flow (TTM)
-$18.4M
FCF margin
-42.2%
Stock pay % of revenue
6.8%

Earnings

Last results
August 10, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Kopin Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Kopin Corp as an operating company, with every model that fits that kind of business. Cost of equity 13%: the 10-year Treasury yield (4.9%) plus a beta of 1.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$0.0 ~$0.0–$0.0 Left out: out of range vs price (0.01x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.0 ~$0.7–$1.4 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$0.3–$1.2 Left out: out of range vs price (0.03x)
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.0 ~$0.7–$1.4 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kopin Corp with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.99$2.84$3.20$1.10$0.42$2.76$4.34$1.24$2.03$1.39$2.38$3.44
Market value$190m$182m$224m$80m$34m$227m$386m$113m$221m$185m$417m$643m
+ Net debt (− = net cash)−$20m−$16m−$25m−$14m−$6m−$17m−$27m−$8m−$6m−$14m−$36m−$25m
Enterprise value$170m$166m$199m$66m$28m$210m$359m$105m$216m$171m$381m$618m
Multiples
Price / sales 5.9x8.0x8.0x3.3x1.1x5.7x8.4x2.4x5.5x3.7x10.6x14.7x
Price / earnings ——————————159.9x80.7x
Price / free cash flow ————————————
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

9 /100

Weak moat

How hard Kopin's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -16.1% of total assets over 9 years.

  • Pricing power 1 / 20

    Gross margin has been a median 19.9%, moving by 8.9 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -43.0%; its worst year was -136.6%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 10 years, at a median -39.6% of revenue.

  • Discipline 3 / 20

    The diluted share count rose 119.1% over five years; stock-based pay has been a median 7.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (14 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $16m and EPS of $0.00 (range $0.00 to $0.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.02 −329% $61m +54%
Next $0.00 — $80m +31%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −56.5% on 90 days ago. In the last 30 days, 0 analysts raised Kopin Corp's forecast and 1 cut it.

Consensus EPS forecast Kopin Corp, last 90 days
−$0.06 −$0.04 −$0.02 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.05 Current fiscal year, 60 days ago: −$0.05 Current fiscal year, 30 days ago: −$0.02 Current fiscal year, 7 days ago: −$0.02 Current fiscal year, Now: −$0.02 −$0.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago −$0.05
60 days ago −$0.05
30 days ago −$0.02
7 days ago −$0.02
Now −$0.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.01 $0.00 +100.0%
Dec 2025 −$0.01 −$0.02 −72.0%
Sept 2025 $0.00 $0.03 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026

No numeric guidance in Kopin Corp's latest earnings release (filed August 10, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

7 analysts, Oct 2026
Buy7100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202677
  2. Sep 202677
  3. Aug 202666
  4. Jul 202666

Counts of recommendations published by analysts covering Kopin Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.7%
of tradable shares
Days to cover
6.81
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
56%
of shares
Held by insiders
6.1%
of shares
Employees
145
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −0.6%

$3.46 on October 31, 2025 to $3.44

ThenNowEffect
Revenue (last 12 months) $47m $44m −7.1%
P/S multiple 11.5x 14.7x +28.5%
Share count 156m 187m −16.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
KOPN+68%−70%+64%−33%+72%+47%
Industry peers (median)−3%−37%+13%+2%−7%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
KOPN42%33%33%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
KOPN−71%−77%−51%−78%−64%−51%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 96% from February 16, 2021 to September 24, 2024. Getting back needed a 2160% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.82 – $6.39
From 52-week high
−46.2%
vs 50-day average
−20.1%
vs 200-day average
−9.3%
Volatility (1 year)
98%
Beta vs S&P 500
4.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±10.4%
After a week
7 up, 5 down
typical move ±18.1%
After a month
7 up, 5 down
typical move ±23.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 +21.8% −0.3% +24.6% −0.2%
May 12, 2026 +1.0% +0.4% −12.1% +3.2%
March 27, 2026 −2.6% −2.0% +33.7% +107.3%
November 12, 2025 −8.2% −1.6% −18.9% −9.3%
August 12, 2025 +2.1% +1.4% −4.3% +20.3%
July 15, 2025 +14.8% −0.1% +22.5% +13.0%
November 12, 2024 +17.3% −0.3% +13.3% +40.0%
August 8, 2024 +6.2% +2.8% +13.7% +6.2%
May 14, 2024 +9.2% +1.7% +13.2% −2.6%
March 14, 2024 −18.1% −0.9% −11.2% −38.8%
November 9, 2023 +15.0% +0.8% +26.0% +16.5%
August 10, 2023 −8.5% 0.0% −23.2% −26.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Kopin Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Kopin Corp
$35M $40M $45M $50M $55M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $44M Revenue (TTM), FY23 Q4: $40.4M Revenue (TTM), FY24 Q1: $39.7M Revenue (TTM), FY24 Q2: $41.5M Revenue (TTM), FY24 Q3: $44.3M Revenue (TTM), FY24 Q4: $50.3M Revenue (TTM), FY25 Q1: $50.8M Revenue (TTM), FY25 Q2: $47M Revenue (TTM), FY25 Q3: $45.6M Revenue (TTM), FY25 Q4: $39.3M Revenue (TTM), FY26 Q1: $39.3M Revenue (TTM), FY26 Q2: $43.6M $43.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $44M
FY23 Q4 $40.4M
FY24 Q1 $39.7M
FY24 Q2 $41.5M
FY24 Q3 $44.3M
FY24 Q4 $50.3M
FY25 Q1 $50.8M
FY25 Q2 $47M
FY25 Q3 $45.6M
FY25 Q4 $39.3M
FY26 Q1 $39.3M
FY26 Q2 $43.6M
Revenue growth, TTM YoY Kopin Corp
-40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -9.1% Revenue growth, TTM YoY, FY23 Q4: -14.8% Revenue growth, TTM YoY, FY24 Q1: -14.8% Revenue growth, TTM YoY, FY24 Q2: -7.9% Revenue growth, TTM YoY, FY24 Q3: 0.6% Revenue growth, TTM YoY, FY24 Q4: 24.6% Revenue growth, TTM YoY, FY25 Q1: 28.2% Revenue growth, TTM YoY, FY25 Q2: 13.0% Revenue growth, TTM YoY, FY25 Q3: 3.0% Revenue growth, TTM YoY, FY25 Q4: -21.9% Revenue growth, TTM YoY, FY26 Q1: -22.6% Revenue growth, TTM YoY, FY26 Q2: -7.1% -7.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -9.1%
FY23 Q4 -14.8%
FY24 Q1 -14.8%
FY24 Q2 -7.9%
FY24 Q3 0.6%
FY24 Q4 24.6%
FY25 Q1 28.2%
FY25 Q2 13.0%
FY25 Q3 3.0%
FY25 Q4 -21.9%
FY26 Q1 -22.6%
FY26 Q2 -7.1%
Operating margin (TTM) Kopin Corp
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -37.8% Operating margin (TTM), FY23 Q4: -42.5% Operating margin (TTM), FY24 Q1: -118.5% Operating margin (TTM), FY24 Q2: -114.6% Operating margin (TTM), FY24 Q3: -107.7% Operating margin (TTM), FY24 Q4: -85.6% Operating margin (TTM), FY25 Q1: -28.3% Operating margin (TTM), FY25 Q2: -30.6% Operating margin (TTM), FY25 Q3: -15.5% Operating margin (TTM), FY25 Q4: -25.1% Operating margin (TTM), FY26 Q1: -30.3% Operating margin (TTM), FY26 Q2: -22.9% -22.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -37.8%
FY23 Q4 -42.5%
FY24 Q1 -118.5%
FY24 Q2 -114.6%
FY24 Q3 -107.7%
FY24 Q4 -85.6%
FY25 Q1 -28.3%
FY25 Q2 -30.6%
FY25 Q3 -15.5%
FY25 Q4 -25.1%
FY26 Q1 -30.3%
FY26 Q2 -22.9%
FCF margin (TTM) Kopin Corp
-60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -33.1% FCF margin (TTM), FY23 Q4: -40.1% FCF margin (TTM), FY24 Q1: -38.2% FCF margin (TTM), FY24 Q2: -34.6% FCF margin (TTM), FY24 Q3: -38.2% FCF margin (TTM), FY24 Q4: -29.9% FCF margin (TTM), FY25 Q1: -30.7% FCF margin (TTM), FY25 Q2: -37.0% FCF margin (TTM), FY25 Q3: -24.3% FCF margin (TTM), FY25 Q4: -43.2% FCF margin (TTM), FY26 Q1: -38.6% FCF margin (TTM), FY26 Q2: -42.2% -42.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -33.1%
FY23 Q4 -40.1%
FY24 Q1 -38.2%
FY24 Q2 -34.6%
FY24 Q3 -38.2%
FY24 Q4 -29.9%
FY25 Q1 -30.7%
FY25 Q2 -37.0%
FY25 Q3 -24.3%
FY25 Q4 -43.2%
FY26 Q1 -38.6%
FY26 Q2 -42.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 115 58 65 35 23 32 32 23 28 24 30 40 46 47 40 50 39 44
Gross profit — — — — — — — 5 10 9 9 19 — — — — — —
EBITDA 16 0 −4 −17 38 −26 −24 −19 −29 −39 −26 −4 −13 −21 −17 −42 −9 −9
Operating income 10 −3 −8 −21 36 −28 −25 −20 −30 −40 −26 −5 −14 −22 −17 −43 −10 −10
Net income 19 9 3 −18 −5 −28 −15 −24 −25 −35 −30 −4 −13 −19 −20 −44 3 8
Diluted EPS $0.29 $0.13 $0.05 −$0.29 −$0.08 −$0.45 −$0.23 −$0.37 −$0.36 −$0.47 −$0.37 −$0.05 −$0.15 −$0.21 −$0.18 −$0.33 $0.01 $0.04
Growth (year on year)
Revenue — −49.3% +11.2% −46.4% −33.9% +38.9% +0.8% −29.4% +23.0% −12.1% +20.7% +35.9% +13.8% +3.8% −14.8% +24.6% −21.9% −7.1%
EBITDA — −97.7% — — — −167.4% — — — — — — — — — — — —
Operating income — −128.2% — — — −179.2% — — — — — — — — — — — —
Net income — −54.6% −65.1% −696.3% — — — — — — — — — — — — — —
Diluted EPS — −55.2% −61.5% −680.0% — — — — — — — — — — — — — —
Margins
Gross margin — — — — — — — 21.3% 34.9% 35.3% 29.2% 46.7% — — — — — —
EBITDA margin 14.3% 0.6% −5.8% −49.3% 167.3% −81.2% −74.1% −86.0% −105.6% −159.3% −86.7% −10.2% −28.7% −44.4% −41.0% −84.4% −22.9% −21.0%
Operating margin 9.1% −5.0% −11.7% −59.4% 156.8% −89.4% −78.7% −90.4% −108.8% −163.4% −89.4% −11.9% −30.2% −46.0% −42.5% −85.6% −25.1% −22.9%
Net margin 17.0% 15.2% 4.8% −53.0% −20.6% −88.7% −45.8% −104.1% −90.7% −141.2% −100.0% −11.0% −29.4% −40.8% −48.9% −87.2% 6.6% 18.3%
Free-cash-flow margin 17.2% −3.3% 18.7% −17.4% −85.8% −66.3% −56.3% −117.3% −103.1% −119.7% −71.8% −12.4% −25.8% −39.1% −40.1% −29.9% −43.2% −42.2%
Cash flow
Cash from operations 23 14 19 4 −19 −20 −17 −26 −26 −28 −21 −4 −11 −18 −15 −14 −16 −13
Capital spending 4 16 7 10 1 1 1 0 3 1 0 1 1 1 1 1 1 5
Free cash flow 20 −2 12 −6 −20 −21 −18 −27 −29 −29 −21 −5 −12 −19 −16 −15 −17 −18
Stock-based pay 2 3 4 4 4 5 3 2 2 5 2 1 4 1 4 3 3 3
Free cash flow after stock pay 18 −5 8 −11 −24 −26 −21 −29 −31 −34 −23 −6 −16 −20 −20 −18 −20 −21
Balance sheet
Cash 50 27 27 17 15 15 20 16 25 14 6 17 27 8 6 14 36 25
Total debt 0 — 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −50 −27 −27 −17 −15 −15 −20 −16 −25 −14 −6 −17 −27 −8 −6 −14 −36 −25
Diluted shares 67m 67m 65m 64m 62m 63m 63m 64m 70m 73m 80m 82m 89m 91m 109m 133m 175m 187m
Returned to shareholders
Dividends — — — — — — 0 0 1 — — — — — — — — —
Buybacks 5 7 4 3 8 0 0 0 — — — — — — — — — —
Total returned 5 7 4 3 8 0 0 0 1 — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 27, 2026
What it owns · $106m
Short-term assets $79mLonger-term assets $27m
What it owes, and who funded it · $106m
Short-term liabilities $36mLonger-term liabilities $1mShareholders' equity $69m
  • Short-term assets cover short-term liabilities $79m of assets due within a year against $36m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $79m short-term assets against $660,390 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Kopin Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+20.0%
year over year
R&D spending
11.3%
of revenue
Sales & admin spending
40.9%
of revenue
Days sales outstanding
90 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated KOPN OPXS REKR SNT INVZ GNSS Median
Revenue, last 12 months $44m $40m $50m $36m $55m $57m $104m
Revenue growth, last 12 months −7.1% 0.8% 9.8% 1.7% 127.0% 86.7% 9.8%
Revenue growth, 3-year average −1.1% 17.8% 21.2% — — 3.0% 7.2%
Revenue growth, latest quarter 50.6% −12.4% 2.5% — — −26.0% 16.5%
Gross margin 17.7% 30.7% 61.7% 65.5% 23.4% 54.0% 38.5%
Operating margin −22.9% 13.2% −39.4% 8.3% −123.0% −3.2% −7.3%
Operating margin, 3-year average −56.0% 15.1% −82.4% — — −55.2% −5.1%
Net margin 18.3% 9.8% −43.8% 8.8% −123.1% −10.9% −5.3%
Cash from operations / revenue −30.1% 6.4% −21.6% 4.8% −87.0% −4.5% −1.6%
Free-cash-flow margin −42.2% 3.7% −26.2% 3.3% −94.7% −4.6% −2.5%
Free-cash-flow margin, 3-year average −37.9% 7.5% −57.7% — — −33.7% 3.7%
Stock pay / revenue 6.8% 2.2% 3.9% 1.7% 29.0% 2.9% 3.0%
Change in share count 20.0% 0.5% 29.8% 0.6% 19.5% 1.2% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth -7.1% 9.8% 47 of 53
Change in growth rate Growth +15.5pp +2.3pp 10 of 53
Operating margin Profitability -22.9% -7.3% 37 of 53
Net margin Profitability 18.3% -5.3% 4 of 53
Free-cash-flow margin Cash generation -42.2% -2.1% 40 of 52
Stock pay as % of revenue Cash generation 6.8% 3.0% 35 of 49
Change in share count Balance sheet 20.0% 1.9% 37 of 46
Days sales outstanding Balance sheet 90 days 68 days 39 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 27, 2025
Products and services
Line of business Revenue YoY
ASC Six Zero Six Revenues $38.1M ▼ 24.4%
Net Product Revenue $33.1M ▼ 24.1%
Net Product Revenues $33.1M ▼ 24.1%
Defense $29.4M ▼ 28.8%
Research and Development $4.6M ▼ 23.5%
Research and Development Revenues $4.6M ▼ 23.5%
Industrial $3M ▲ 37.5%
Non ASC Six Zero Six Revenues $1.3M —
Grant Income $858,092 —
Grant $858,000 —
Medical $594,000 ▲ 476.7%
License and Royalties $410,000 ▼ 46.2%
License and Other Revenues $409,899 ▼ 46.2%
Collaboration $399,000 —
Collaboration Arrangement Income $398,911 —
Other Product $78,000 —
Consumer $9,000 ▼ 62.5%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $37.2M 94.6% ▼ 21.8%
United States $37.1M 99.8% ▼ 21.9%
Other Americas $62,000 0.2% ▲ 1140.0%
Asia Pacific $1.2M 2.9% ▼ 42.0%
Europe $961,000 2.4% ▲ 22.9%

From Kopin Corp's 10-K filed April 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$462M
Institutions reporting
200
Shares held vs prior quarter
▲ 9.7%
Positions opened / closed
61 / 22

Top buyers and sellers, Q2 2026: 124 institutions bought and 74 sold ; the biggest buyer was State Street Corp (+5.8M shares) and the biggest seller Awm Investment Company, Inc (−3.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
State Street Corp $76.7M 17.1M 16.6% ▲ 50.9%
Blackrock, Inc. $66.2M 14.8M 14.3% ▲ 22.3%
Awm Investment Company, Inc. $35.9M 8.0M 7.8% ▼ 32.1%
Vanguard Capital Management LLC $34.6M 7.7M 7.5% ▲ 0.6%
Telemark Asset Management, LLC $31.4M 7.0M 6.8% 0.0%
Royce & Associates LP $26.7M 6.0M 5.8% ▼ 17.5%
Geode Capital Management, LLC $20.6M 4.6M 4.5% ▲ 6.3%
Two Sigma Investments, LP $10.3M 2.3M 2.2% ▲ 4094.9%
Vanguard Portfolio Management LLC $9M 2.0M 2.0% ▲ 20.4%
UBS Group AG $7.4M 1.7M 1.6% ▲ 1.9%
Morgan Stanley $6.8M 1.5M 1.5% ▲ 847.1%
Squarepoint Ops LLC $6.7M 1.5M 1.4% ▲ 368.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kopin Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.9M 8 trades by 2 insiders · 100% under pre-set plans
Net ▼ $1.9M net selling
Insider Date Trade Shares Price Value
Baker Paul Christopher Chief Operating Officer May 6, 2026 Sell pre-set plan 58,939 $4.90 $288,801
Baker Paul Christopher Chief Operating Officer May 5, 2026 Sell pre-set plan 1,041 $4.90 $5,101
Baker Paul Christopher Chief Operating Officer April 28, 2026 Sell pre-set plan 116,860 $3.95 $461,597
Murray Michael Andrew CEO April 17, 2026 Sell pre-set plan 96,800 $3.01 $291,368
Murray Michael Andrew CEO April 15, 2026 Sell pre-set plan 63,200 $3.01 $190,232
Murray Michael Andrew CEO April 13, 2026 Sell pre-set plan 187,920 $2.80 $526,176
Murray Michael Andrew CEO March 26, 2026 Sell pre-set plan 5,413 $2.25 $12,179
Murray Michael Andrew CEO March 25, 2026 Sell pre-set plan 33,334 $2.32 $77,335

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 12, 2026
  • March 27, 2026
  • November 12, 2025
  • August 12, 2025
  • July 15, 2025

Recent SEC filings

Data status

When each part of this page on Kopin Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Kopin Corp in brief

What does Kopin Corp do?
Kopin Corp is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is Kopin Corp's stock ticker?
Kopin Corp trades under the ticker KOPN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kopin Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kopin Corp reported revenue of $43.6M, 7.1% lower than a year earlier, according to its SEC filings.
What is Kopin Corp's free cash flow?
Kopin Corp's free-cash-flow margin is -42.2% of revenue over the trailing twelve months, ranking 40 of the 52 electronic equipment & instruments companies we cover.
Who are Kopin Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are State Street Corp, Blackrock, Inc. and Awm Investment Company, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Kopin Corp's market cap?
On November 2, 2026, Kopin Corp's market capitalisation was about $643M, with a price-to-earnings ratio of 80.7 and net debt of -$24.9M. Market figures come from third-party market data and may be delayed.
Who are Kopin Corp's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Kopin Corp are Optex Systems Holdings Inc, Rekor Systems, Inc., Senstar Technologies Corp, Innoviz Technologies Ltd. and Genasys Inc. The side-by-side comparison below sets their revenue, margins and growth against Kopin Corp's.
Are insiders buying or selling Kopin Corp stock?
Over the last 12 months, Kopin Corp's directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Kopin Corp's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kopin Corp announces its own schedule.