Vuzix Corp income statement
In fiscal 2025, Vuzix Corp reported revenue of $6.3m, up 9.1% on the year before, operating income of −$32.5m (a -517.6% margin) and net income of −$32.3m, or −$0.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 5 | 3 | 2 | 3 | 3 | 2 | 6 | 8 | 7 | 12 | 13 | 12 | 12 | 6 | 6 | 6 |
| Cost of revenue | 8 | 8 | 4 | 2 | 2 | 2 | 2 | 3 | 6 | 6 | 11 | 11 | 12 | 10 | 15 | 11 | 7 | 7 |
| Gross profit | 4 | 4 | 1 | 1 | 1 | 1 | 1 | −1 | −1 | 2 | −4 | 1 | 2 | 1 | −3 | −6 | −1 | −1 |
| Research and development | 2 | 2 | 1 | 1 | 2 | 2 | 4 | 7 | 7 | 10 | 9 | 8 | 12 | 13 | 12 | 10 | 13 | 14 |
| Selling and marketing | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 4 | 5 | 4 | 4 | 6 | 8 | 13 | 8 | 5 | 5 |
| General and administrative | 2 | 3 | 3 | 2 | 2 | 3 | 6 | 5 | 6 | 7 | 7 | 7 | 23 | 21 | 19 | 17 | 12 | 10 |
| Operating income | −3 | −4 | −5 | −5 | −5 | −5 | −11 | −19 | −19 | −22 | −27 | −19 | −40 | −42 | −52 | −74 | −33 | −31 |
| Interest expense | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2 | 1 | — | — |
| Income before tax | −3 | −5 | −5 | −5 | −10 | −8 | −13 | −19 | −20 | −22 | −26 | −18 | −40 | −41 | −50 | −74 | −32 | −31 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | 0 | 0 | 0 | — |
| Net income | −3 | −5 | −4 | 0 | −10 | 8 | −13 | −19 | −20 | −22 | −26 | −18 | −40 | −41 | −50 | −74 | −32 | −31 |
| Diluted EPS | −$0.02 | −$0.02 | −$1.10 | $0.09 | −$1.69 | −$0.75 | −$0.97 | $1.23 | $1.02 | $0.87 | −$0.94 | −$0.53 | −$0.66 | −$0.64 | −$0.79 | −$1.08 | −$0.42 | −$0.38 |
| Diluted shares (average) | — | — | 4m | 4m | 6m | 10m | 15m | 17m | 21m | 27m | 30m | 38m | 61m | 64m | 63m | 68m | 78m | 81m |
| EBITDA | −2 | −3 | −4 | −4 | −4 | −5 | −11 | −18 | −18 | −20 | −24 | −18 | −39 | −40 | −48 | −71 | −31 | −30 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 |
| Cost of revenue | 2 | 6 | 2 | 2 | 2 | 2 | 2 | 2 |
| Gross profit | −0 | −5 | −0 | −1 | −0 | 0 | −0 | −1 |
| Research and development | 2 | 2 | 3 | 3 | 3 | 5 | 3 | 3 |
| Selling and marketing | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 |
| General and administrative | 4 | 4 | 4 | 3 | 3 | 2 | 2 | 3 |
| Operating income | −9 | −14 | −9 | −8 | −7 | −8 | −7 | −8 |
| Income before tax | −9 | −14 | −9 | −8 | −7 | −9 | −7 | −8 |
| Net income | −9 | −14 | −9 | −8 | −7 | −9 | −7 | −8 |
| Diluted EPS | −$0.14 | −$0.16 | −$0.11 | −$0.10 | −$0.09 | −$0.12 | −$0.09 | −$0.09 |
| EBITDA | −9 | −13 | −8 | −7 | −7 | −8 | −7 | −8 |
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