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Microvision, Inc. (MVIS) stock

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NASDAQ: MVIS Nasdaq Electronic Equipment & Instruments Next results ~January 22, 2027

D Fundamentals grade

Microvision, Inc. 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

Fair value per share

Under review: every model's value for Microvision, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Microvision, Inc. 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.

  • Funds4 adding, 0 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Microvision files

10-Q filed October 30: Microvision

Revenue for the twelve months to September 2026 was $5m, up 90.9% on a year earlier, faster than the 11.1% growth a quarter earlier. That growth ranks 3 of 41 among the electronic equipment & instruments companies we cover. Free-cash-flow margin rose to -1325.5% from -2235.6% a year earlier. Operating margin widened to -2195.4% from -2272.8%. The diluted share count is up 24.3% on a year earlier, which dilutes existing holders.

Our model value for Microvision is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed August 6: Microvision

Microvision's revenue reached $5m in the twelve months to June 2026, up 90.9% on a year earlier and well ahead of the 11.1% growth recorded a quarter earlier. Among the 40 electronic equipment & instruments companies we cover, that pace of growth ranks third. Profitability remains deeply negative, though less so than before: free-cash-flow margin improved to -1325.5% from -2235.6% a year earlier, while operating margin widened to -2195.4% from -2272.8%. Shareholders, meanwhile, have faced further dilution, with the diluted share count rising 24.3% over the same period. Taken together, the figures point to a business growing quickly from a small base but still burning cash at a substantial rate relative to its size.

10-Q on SEC EDGAR

Where Microvision stands after its latest 10-Q

Microvision has little or no product revenue yet; it used $68m of cash in the twelve months to June 2026. The diluted share count is up 24.3% 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 7 financial-health checks.

10-Q on SEC EDGAR

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 ~January 22, 2027 (estimated)

Microvision, Inc.'s trailing-twelve-month revenue grew 90.9% year on year, with a free-cash-flow margin of -1325.5%. Where it stands out: change in growth rate of +79.8pp ranks 5 of 53 electronic equipment & instruments companies we cover. Where it lags: gross margin of -276.2% ranks 47 of 48 electronic equipment & instruments companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 90.9% (+79.8pp vs the prior quarter).

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

  • Fast growth. Revenue grew 90.9% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.
  • Growth speeding up. The growth rate is 79.8 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 77.4 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -2195.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -1325.5% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 37.8% of revenue, against a median of 3.0% for electronic equipment & instruments companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 24.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 112% and a beta of 2.7 against the S&P 500.
  • Gross margin slipping. Gross margin is down 135.7 points on a year ago.

Latest results: FY2026 Q3

Filed October 30, 2026
Revenue
$2m, up 895.9% on a year earlier
Share reaction
+16.1% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026

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

Price chart

  • 1 day-6.7%
  • 1 week0.0%
  • 1 month-14.9%
  • This year-89.9%
  • 1 year-92.8%
  • 5 years-99.1%
  • 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)
$5M
Operating margin
-2195.4%
Net margin
-2230.6%
EPS (TTM, diluted)
$-6.70

Growth

Revenue growth
+90.9%
Change in growth rate
+79.8 pts
Share count change
+24.3%

Cash

Free cash flow (TTM)
-$66.7M
FCF margin
-1325.5%
Stock pay % of revenue
37.8%

Earnings

Last results
October 28, 2026
Next results (est.)
January 22, 2027

News & updates

Updated October 31, 2026

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

  1. Results
  2. Announcement
  3. Announcement
  4. Agreement
  5. Leadership
  6. Results
  7. Governance
  8. Shareholder vote
  9. Announcement

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

Microvision, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Microvision, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$0.2–$0.8 Left out: out of range vs price (0.05x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Microvision, Inc. 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 20152016201720182019202020212022202320242025
Share price$42.90$18.90$24.45$9.00$10.80$80.70$75.15$35.25$39.90$19.65$12.45
Market value$2.0bn$982m$1.8bn$783m$1.2bn$11.3bn$12.1bn$5.9bn$7.3bn$4.1bn$3.4bn
+ Net debt (− = net cash)−$8m−$15m−$17m−$14m−$6m−$16m−$82m−$21m−$45m$3m$6m
Enterprise value$2.0bn$967m$1.8bn$769m$1.2bn$11.3bn$12.0bn$5.8bn$7.2bn$4.1bn$3.4bn
Multiples
Price / sales n/m66.5x184.7x44.5x135.3xn/mn/mn/mn/mn/mn/m
Price / earnings ———————————
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

5 /100

Weak moat

How hard Microvision'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 -32.4% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 17.0%, moving by 104.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1278.0%; its worst year was -4301.1%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 10 years, at a median -1026.2% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 406.5% over five years; stock-based pay has been a median 99.8% 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 (10 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

Analysts' consensus

No analyst estimates are published for Microvision, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2025 −$0.90 −$0.78 +13.3%
Jun 2025 −$0.97 −$0.89 +9.1%
Mar 2025 −$0.97 −$1.70 −74.3%

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

Positioning

Short interest
23.5%
of tradable shares
Days to cover
4.37
at average volume
Short interest, 1 month
+26%
to October 15, 2026
Held by institutions
13%
of shares
Held by insiders
9.4%
of shares
Employees
190
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 −92.8%

$17.55 on October 31, 2025 to $1.26

ThenNowEffect
Revenue (last 12 months) $3m $3m +11.1%
P/S multiple 104.5x 8.7x −91.7%
Share count 15m 20m −22.6%

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
MVIS−7%−53%+13%−51%−37%−90%
Industry peers (median)0%−37%+25%+2%−5%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MVIS50%50%50%25%33%9%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MVIS−81%−63%−76%−70%−54%−92%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from April 26, 2021 to October 16, 2026. Getting back needed a 34997% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.13 – $17.25
From 52-week high
−92.7%
vs 50-day average
−15.4%
vs 200-day average
−80.5%
Volatility (1 year)
112%
Beta vs S&P 500
2.69

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
2 up, 10 down
typical move ±12.6%
After a week
2 up, 9 down
typical move ±14.4%
After a month
2 up, 9 down
typical move ±21.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +16.1% 0.0% — —
August 6, 2026 +6.6% +0.5% +18.6% −48.1%
May 13, 2026 −14.3% +1.4% −15.7% −48.6%
March 4, 2026 −30.4% +0.1% −27.8% −19.0%
November 12, 2025 −15.0% −1.6% −6.5% −12.1%
August 7, 2025 0.0% +0.7% +3.6% +0.9%
May 12, 2025 −10.8% +4.0% −4.2% −5.8%
March 26, 2025 −14.5% −1.5% −19.7% −20.4%
November 7, 2024 −0.9% +1.2% −12.0% −17.6%
October 15, 2024 −15.0% −0.3% −16.5% −28.6%
August 7, 2024 −3.2% +1.6% −8.6% +5.4%
May 9, 2024 −24.7% +0.7% −25.3% −32.7%

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.

Microvision, Inc. in five measures

Fundamentals grade D
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) Microvision, Inc.
$0 $5M $10M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $7.3M Revenue (TTM), FY24 Q1: $7.4M Revenue (TTM), FY24 Q2: $9M Revenue (TTM), FY24 Q3: $8.1M Revenue (TTM), FY24 Q4: $4.7M Revenue (TTM), FY25 Q1: $4.3M Revenue (TTM), FY25 Q2: $2.6M Revenue (TTM), FY25 Q3: $2.6M Revenue (TTM), FY25 Q4: $1.2M Revenue (TTM), FY26 Q1: $1.6M Revenue (TTM), FY26 Q2: $2.9M Revenue (TTM), FY26 Q3: $5M $5M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $7.3M
FY24 Q1 $7.4M
FY24 Q2 $9M
FY24 Q3 $8.1M
FY24 Q4 $4.7M
FY25 Q1 $4.3M
FY25 Q2 $2.6M
FY25 Q3 $2.6M
FY25 Q4 $1.2M
FY26 Q1 $1.6M
FY26 Q2 $2.9M
FY26 Q3 $5M
Revenue growth, TTM YoY Microvision, Inc.
-500% 0% 500% 1000% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 993.2% Revenue growth, TTM YoY, FY24 Q1: 578.2% Revenue growth, TTM YoY, FY24 Q2: 710.4% Revenue growth, TTM YoY, FY24 Q3: 277.5% Revenue growth, TTM YoY, FY24 Q4: -35.3% Revenue growth, TTM YoY, FY25 Q1: -41.8% Revenue growth, TTM YoY, FY25 Q2: -71.3% Revenue growth, TTM YoY, FY25 Q3: -67.7% Revenue growth, TTM YoY, FY25 Q4: -74.3% Revenue growth, TTM YoY, FY26 Q1: -64.1% Revenue growth, TTM YoY, FY26 Q2: 11.1% Revenue growth, TTM YoY, FY26 Q3: 90.9% 90.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 993.2%
FY24 Q1 578.2%
FY24 Q2 710.4%
FY24 Q3 277.5%
FY24 Q4 -35.3%
FY25 Q1 -41.8%
FY25 Q2 -71.3%
FY25 Q3 -67.7%
FY25 Q4 -74.3%
FY26 Q1 -64.1%
FY26 Q2 11.1%
FY26 Q3 90.9%
Operating margin (TTM) Microvision, Inc.
-8000% -6000% -4000% -2000% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -1224.3% Operating margin (TTM), FY24 Q1: -1269.9% Operating margin (TTM), FY24 Q2: -1056.5% Operating margin (TTM), FY24 Q3: -1067.1% Operating margin (TTM), FY24 Q4: -1821.1% Operating margin (TTM), FY25 Q1: -1682.8% Operating margin (TTM), FY25 Q2: -2433.2% Operating margin (TTM), FY25 Q3: -2272.8% Operating margin (TTM), FY25 Q4: -6856.6% Operating margin (TTM), FY26 Q1: -5938.4% Operating margin (TTM), FY26 Q2: -3545.9% Operating margin (TTM), FY26 Q3: -2195.4% -2195.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -1224.3%
FY24 Q1 -1269.9%
FY24 Q2 -1056.5%
FY24 Q3 -1067.1%
FY24 Q4 -1821.1%
FY25 Q1 -1682.8%
FY25 Q2 -2433.2%
FY25 Q3 -2272.8%
FY25 Q4 -6856.6%
FY26 Q1 -5938.4%
FY26 Q2 -3545.9%
FY26 Q3 -2195.4%
FCF margin (TTM) Microvision, Inc.
-6000% -4000% -2000% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -950.9% FCF margin (TTM), FY24 Q1: -1019.8% FCF margin (TTM), FY24 Q2: -856.2% FCF margin (TTM), FY24 Q3: -862.7% FCF margin (TTM), FY24 Q4: -1467.5% FCF margin (TTM), FY25 Q1: -1437.7% FCF margin (TTM), FY25 Q2: -2181.7% FCF margin (TTM), FY25 Q3: -2235.6% FCF margin (TTM), FY25 Q4: -4917.1% FCF margin (TTM), FY26 Q1: -3976.1% FCF margin (TTM), FY26 Q2: -2378.2% FCF margin (TTM), FY26 Q3: -1325.5% -1325.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -950.9%
FY24 Q1 -1019.8%
FY24 Q2 -856.2%
FY24 Q3 -862.7%
FY24 Q4 -1467.5%
FY25 Q1 -1437.7%
FY25 Q2 -2181.7%
FY25 Q3 -2235.6%
FY25 Q4 -4917.1%
FY26 Q1 -3976.1%
FY26 Q2 -2378.2%
FY26 Q3 -1325.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. 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 Sept 2026
Income
Revenue 4 5 6 8 6 3 9 15 10 18 9 3 3 1 7 5 1 5
Gross profit −0 −11 −7 1 4 2 2 4 −0 7 0 2 2 1 4 −3 −17 −14
EBITDA −38 −47 −34 −21 −14 −13 −14 −15 −24 −25 −25 −13 −42 −52 −81 −79 −77 −104
Operating income −39 −48 −36 −23 −15 −13 −15 −16 −25 −27 −26 −14 −44 −54 −89 −86 −83 −110
Net income −40 −47 −36 −23 −13 −18 −15 −16 −25 −27 −26 −14 −43 −53 −83 −97 −95 −112
Diluted EPS — — — — −$0.47 −$0.44 — — — — −$0.24 −$0.10 −$0.27 −$0.32 −$0.45 −$0.46 −$0.35 —
Growth (year on year)
Revenue — +23.7% +18.5% +48.9% −30.0% −40.4% +163.6% +60.7% −34.7% +82.8% −49.5% −65.2% −19.1% −73.4% +993.2% −35.3% −74.3% +90.9%
Margins
Gross margin −1.6% −242.2% −132.6% 17.2% 69.2% 70.0% 21.9% 29.7% −2.4% 39.6% 3.6% 54.8% 99.9% 84.9% 61.8% −60.3% <−999% −276.2%
EBITDA margin −992.4% −983.2% −598.6% −253.6% −242.2% −366.0% −153.7% −103.9% −252.6% −144.2% −279.3% −409.4% <−999% <−999% <−999% <−999% <−999% <−999%
Operating margin <−999% <−999% −641.4% −270.8% −257.9% −377.8% −158.4% −111.5% −264.5% −154.6% −297.9% −440.6% <−999% <−999% <−999% <−999% <−999% <−999%
Net margin <−999% <−999% −637.5% −271.3% −225.2% −519.9% −158.3% −111.6% −264.5% −154.8% −298.0% −441.2% <−999% <−999% <−999% <−999% <−999% <−999%
Free-cash-flow margin −862.8% <−999% −506.3% −252.9% −222.7% −377.6% −75.8% −106.5% −192.8% −134.5% −279.0% −533.2% <−999% <−999% −950.9% <−999% <−999% <−999%
Cash flow
Cash from operations −32 −46 −28 −21 −13 −13 −6 −15 −15 −23 −24 −16 −29 −38 −67 −69 −59 −65
Capital spending 1 2 1 1 0 0 1 1 3 1 1 0 2 4 2 0 1 2
Free cash flow −33 −48 −28 −21 −13 −13 −7 −16 −19 −24 −25 −16 −32 −42 −69 −69 −59 −67
Stock-based pay 3 3 3 2 2 1 1 1 1 1 2 1 15 15 16 12 1 2
Free cash flow after stock pay −36 −52 −32 −23 −15 −14 −8 −17 −20 −25 −26 −18 −47 −58 −85 −80 −60 −69
Balance sheet
Cash 43 19 13 7 5 8 8 15 17 14 6 17 83 21 45 54 32 29
Total debt 0 0 0 0 — 0 0 0 0 0 0 1 1 0 0 57 38 45
Net debt (negative = net cash) −43 −19 −13 −7 −5 −8 −8 −15 −17 −14 −6 −16 −82 −21 −45 3 6 16
Diluted shares 9m 11m 14m 22m 28m 42m 47m 52m 73m 87m 111m 140m 161m 166m 183m 210m 273m —

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 7 checks passed · September 30, 2026
What it owns · $91m
Short-term assets $38mLonger-term assets $53m
What it owes, and who funded it · $91m
Short-term liabilities $47mLonger-term liabilities $21mShareholders' equity $23m
  • Short-term assets cover short-term liabilities $38m of assets due within a year against $47m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $38m short-term assets against $21m of longer-dated liabilities.
  • More cash than debt $29m of cash against $23m of debt.
  • Debt below 40% of shareholders' equity Debt is 99% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 99% over five years.
  • A year's operating cash flow covers at least 20% of debt −$65m of operating cash flow against $23m of debt.
  • Operating profit covers interest at least five times over Operating income of −$110m against $10m of interest.

From Microvision, Inc.'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
+24.3%
year over year
R&D spending
1033.8%
of revenue
Sales & admin spending
621.5%
of revenue
Days sales outstanding
102 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated MVIS VUZI MSAI WFF SERV WATT Median
Revenue, last 12 months $5m $6m $6m $7m $8m $10m $104m
Revenue growth, last 12 months 90.9% 6.8% 12.2% 61.9% 426.4% 430.5% 9.8%
Revenue growth, 3-year average 32.6% −27.0% — — 249.4% 157.2% 7.2%
Revenue growth, latest quarter 895.9% −14.1% 19.5% — 404.4% 216.8% 16.5%
Gross margin −276.2% −17.9% — 31.9% −370.1% 26.6% 38.5%
Operating margin <−999% −521.9% −147.8% −20.5% <−999% −82.6% −7.3%
Operating margin, 3-year average <−999% −847.9% −265.1% — <−999% <−999% −5.1%
Net margin <−999% −519.0% −141.7% −64.4% <−999% −76.4% −5.3%
Cash from operations / revenue <−999% −384.2% −129.5% −32.9% <−999% −150.0% −1.6%
Free-cash-flow margin <−999% −416.1% −146.6% −36.7% <−999% −153.1% −2.5%
Free-cash-flow margin, 3-year average <−999% −423.7% −206.7% — <−999% <−999% 3.7%
Stock pay / revenue 37.8% 49.0% 11.2% — 449.4% 1.8% 3.0%
Change in share count 24.3% 10.2% — 7.3% 43.9% 63.2% 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 90.9% 9.8% 6 of 53
Change in growth rate Growth +79.8pp +2.3pp 5 of 53
Gross margin Profitability -276.2% 39.7% 47 of 48
Operating margin Profitability -2195.4% -7.3% 51 of 53
Net margin Profitability -2230.6% -5.3% 51 of 53
Free-cash-flow margin Cash generation -1325.5% -2.1% 50 of 52
Stock pay as % of revenue Cash generation 37.8% 3.0% 44 of 49
Long-term debt as % of assets Balance sheet 24.9% 15.2% 23 of 31
Change in share count Balance sheet 24.3% 1.9% 39 of 46
Days sales outstanding Balance sheet 102 days 68 days 43 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 31, 2025
Segments
Line of business Revenue Share YoY
Product Revenue $610,000 50.5% ▼ 85.2%
License and Royalty Revenue $550,000 45.5% ▲ 15.8%
Contract Revenue $48,000 4.0% ▼ 53.8%
Geography
Region Revenue Share YoY
Germany $945,000 78.2% ▼ 74.0%
United States $260,000 21.5% ▼ 75.4%
Other Foreign Countries $3,000 0.2% ▼ 70.0%

From Microvision, Inc.'s 10-K filed March 4, 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
$36,361
Institutions reporting
4
Positions opened / closed
4 / 0

Top buyers and sellers, Q2 2026: 4 institutions bought and 0 sold ; the biggest buyer was O'Rourke & Company, Inc (+90K shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
O'Rourke & Company, Inc $29,502 90K 81.1% —
Quinn Opportunity Partners LLC $6,540 20K 18.0% —
Strategic Wealth Partners, Ltd. $286 1K 0.8% —
Hollencrest Capital Management $33 0K 0.1% —

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 Microvision, Inc.'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 → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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 January 22, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • August 6, 2026
  • May 13, 2026
  • March 4, 2026
  • November 12, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Microvision, Inc. 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.

Microvision, Inc. in brief

What does Microvision, Inc. do?
Microvision, Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is Microvision, Inc.'s stock ticker?
Microvision, Inc. trades under the ticker MVIS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Microvision, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Microvision, Inc. reported revenue of $5M, 90.9% higher than a year earlier, according to its SEC filings.
What is Microvision, Inc.'s free cash flow?
Microvision, Inc.'s free-cash-flow margin is -1325.5% of revenue over the trailing twelve months, ranking 50 of the 52 electronic equipment & instruments companies we cover.
Who are Microvision, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are O'Rourke & Company, Inc, Quinn Opportunity Partners LLC and Strategic Wealth Partners, Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Microvision, Inc.'s market cap?
On December 31, 2025, Microvision, Inc.'s market capitalisation was about $3.4B and net debt of $6.1M. Market figures come from third-party market data and may be delayed.
How much debt does Microvision, Inc. have?
Microvision, Inc.'s debt-to-equity ratio is 99.3%, from its latest balance sheet (0.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Microvision, Inc.'s competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Microvision, Inc. are Vuzix Corp, Multisensor AI Holdings, Inc., WF Holding Ltd, Serve Robotics Inc. and Energous Corp. The side-by-side comparison below sets their revenue, margins and growth against Microvision, Inc.'s.
When is Microvision, Inc.'s next earnings date?
Around January 22, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Microvision, Inc. announces its own schedule.