VUZI · Vuzix Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39M | - | $1.16M | $1.30M | $1.58M | - | $1.39M | $1.09M | $2.00M | - |
| Cost of Revenue | $1.77M | - | $1.57M | $2.06M | $1.85M | - | $1.65M | $1.43M | $2.06M | - |
| Gross Profit | ($377.9K) | - | ($411.3K) | ($761.4K) | ($265.1K) | - | ($259.8K) | ($333.1K) | ($53.3K) | - |
| R&D | $3.03M | - | $2.94M | $2.57M | $2.61M | - | $2.33M | $2.36M | $2.74M | - |
| SG&A | $2.13M | - | $2.58M | $2.76M | $3.96M | - | $4.35M | $4.49M | $4.10M | - |
| Total Operating Expenses | $6.83M | - | $7.08M | $7.09M | $8.51M | - | $9.04M | $40.40M | $10.04M | - |
| D&A | $115.0K | - | $424.3K | $413.5K | $405.0K | - | $410.7K | $1.19M | $970.4K | - |
| Operating Income | ($7.21M) | - | ($7.49M) | ($7.86M) | ($8.77M) | - | ($9.30M) | ($40.73M) | ($10.09M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($7.07M) | - | ($7.35M) | ($7.67M) | ($8.64M) | - | ($9.22M) | ($40.61M) | ($10.05M) | - |
| EPS - Basic | ($0.09) | - | ($0.09) | ($0.10) | ($0.11) | - | ($0.14) | ($0.62) | ($0.16) | - |
| EPS - Diluted | ($0.09) | - | ($0.09) | ($0.10) | ($0.11) | - | ($0.14) | ($0.62) | ($0.16) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.17M | $21.15M | $22.61M | $17.45M | $15.23M | $18.19M | $14.27M | $9.88M | $16.50M | $26.56M |
| Accounts Receivable | $874.7K | $1.63M | $1.03M | $1.22M | $1.43M | $1.61M | $2.68M | $3.02M | $4.63M | $3.83M |
| Inventory | $1.80M | $2.19M | $2.90M | $3.31M | $4.28M | $4.81M | $9.83M | $10.24M | $9.87M | $9.00M |
| Accounts Payable | $1.50M | $685.0K | $1.07M | $1.11M | $1.52M | $538.2K | $659.3K | $899.7K | $1.90M | $1.57M |
| Current Assets | $24.78M | $27.20M | $28.23M | $23.32M | $22.39M | $26.72M | $28.71M | $24.66M | $32.67M | $41.50M |
| Total Assets | $38.37M | $40.07M | $42.47M | $36.90M | $35.76M | $39.41M | $41.85M | $38.23M | $76.98M | $86.15M |
| Current Liabilities | $4.01M | $4.89M | $3.95M | $3.04M | $2.92M | $2.11M | $2.18M | $2.59M | $3.47M | $5.22M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.38M | $5.39M | $4.59M | - | - | $2.11M | $2.29M | $2.83M | $3.84M | $5.35M |
| Stockholders' Equity | $24.00M | $24.68M | $27.89M | $28.86M | $32.85M | $37.29M | $39.55M | $35.41M | $73.14M | $80.79M |
| Retained Earnings | ($406.97M) | ($399.86M) | ($391.18M) | ($383.83M) | ($376.16M) | ($367.52M) | ($353.87M) | ($344.64M) | ($304.03M) | ($293.98M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.56M) | - | - | - | ($3.45M) | - | - | - | ($8.81M) | - |
| Investing Cash Flow | ($1.17M) | - | - | - | ($764.1K) | - | - | - | ($1.25M) | - |
| Financing Cash Flow | $5.74M | - | - | - | $1.26M | - | - | - | - | - |
| CapEx | $996.4K | - | - | - | $613.4K | - | - | - | $101.2K | - |
| Free Cash Flow | ($6.55M) | - | - | - | ($4.07M) | - | - | - | ($8.91M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -27.2% | - | -35.4% | -58.8% | -16.8% | - | -18.8% | -30.5% | -2.7% | - |
| Operating margin | -517.9% | - | -645.5% | -606.3% | -555.0% | - | -671.1% | -3727.9% | -503.6% | - |
| EBITDA margin | -509.7% | - | -608.9% | -574.3% | -529.4% | - | -641.4% | -3619.2% | -455.2% | - |
| Net margin | -508.2% | - | -633.5% | -591.7% | -546.4% | - | -665.5% | -3717.1% | -501.4% | - |
| Free cash flow margin | -470.9% | - | - | - | -257.3% | - | - | - | -444.5% | - |
| FCF / Net income | 0.93 | - | - | - | 0.47 | - | - | - | 0.89 | - |
| R&D / Revenue | 217.7% | - | 252.9% | 198.4% | 164.8% | - | 168.4% | 215.9% | 136.7% | - |
| SG&A / Revenue | 153.4% | - | 221.8% | 212.7% | 250.5% | - | 313.7% | 411.2% | 204.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -18.4% | - | -17.3% | -20.8% | -24.2% | - | -22.0% | -106.2% | -13.1% | - |
| Return on equity | -29.5% | - | -26.4% | -26.6% | -26.3% | - | -23.3% | -114.7% | -13.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.19 | 5.56 | 7.14 | 7.68 | 7.68 | 12.65 | 13.16 | 9.53 | 9.41 | 7.96 |
| Quick ratio | 5.74 | 5.12 | 6.41 | 6.59 | 6.21 | 10.37 | 8.66 | 5.58 | 6.57 | 6.23 |
| Cash ratio | 5.04 | 4.33 | 5.72 | 5.75 | 5.22 | 8.61 | 6.54 | 3.82 | 4.75 | 5.09 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.60 | 1.62 | 1.52 | 1.28 | 1.09 | 1.06 | 1.06 | 1.08 | 1.05 | 1.07 |
| Liabilities / Assets | 0.11 | 0.13 | 0.11 | - | - | 0.05 | 0.05 | 0.07 | 0.05 | 0.06 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.03 | 0.04 | 0.04 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | 0.99 | - | 0.54 | 0.62 | 0.43 | - | 0.17 | 0.14 | 0.21 | - |
| Days sales outstanding | 229d | - | 322d | 342d | 331d | - | 705d | 1010d | 844d | - |
| Days inventory outstanding | 371d | - | 672d | 587d | 845d | - | 2179d | 2621d | 1751d | - |
| Days payable outstanding | 309d | - | 249d | 196d | 301d | - | 146d | 230d | 337d | - |
| Cash conversion cycle | 291d | - | 746d | 732d | 876d | - | 2738d | 3401d | 2257d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 7.9x | - | 8.7x | 7.7x | 4.7x | - | 2.0x | 2.5x | 1.1x | - |
| P / S | 135.9x | - | 208.9x | 172.3x | 98.3x | - | 57.3x | 81.3x | 39.1x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -12.0% | - | -16.2% | 18.6% | -21.1% | - | -36.4% | -76.7% | - | - |
| Revenue CAGR (3y) | - | - | -30.3% | -24.5% | -14.2% | - | -22.9% | -27.9% | -20.0% | - |
| Revenue CAGR (5y) | -18.7% | - | -16.0% | -15.7% | 0.6% | - | 3.6% | -13.0% | 7.8% | - |
| Gross profit growth (YoY) | -42.5% | - | -58.3% | -128.5% | -397.8% | - | -9.4% | - | - | - |
| Operating income growth (YoY) | 17.9% | - | 19.4% | 80.7% | 13.1% | - | 18.7% | -323.9% | 7.0% | - |
| Net income growth (YoY) | 18.1% | - | 20.3% | 81.1% | 14.0% | - | 16.0% | -349.0% | 1.9% | - |
| EPS growth (YoY) | 18.2% | - | 35.7% | 83.9% | 31.3% | - | 17.6% | -342.9% | 0.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -61.1% | - | - | - | 54.3% | - | - | - | -38.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -26.9% | -33.8% | -29.5% | -18.5% | -55.1% | -53.8% | -58.7% | -65.8% | -33.1% | -30.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.28M totalSingle Reportable Segment$6.28M · 100.0%
Product / service
$6.28M totalProduct$4.68M · 74.5%
Engineering Services$1.60M · 25.5%
Geographic
$6.29M totalNorth America$4.41M · 70.1%
Europe$1.28M · 20.4%
Asia Pacific$510.0K · 8.1%
Other Continent$80.0K · 1.3%
US$4.3K · 0.1%
NL$574 · 0.0%
JP$333 · 0.0%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Vuzix Corp against the 5 most active filers in the same SIC group.