MVIS

MKT CAP:$199M

MicroVision, Inc.

Market Cap

$199M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$0.68-$0.21 (-23.87%)

Apr 22, 2026

Company Details

MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithm...

CEO

Glen W. DeVos

IPO Date

Aug 27, 1996

Website

www.microvision.com

Key Metrics TTM

Revenue

$1M

-74.3% YoY

Net Income

-$95M

EPS (Diluted)

-$0.35

Free Cash Flow

-$59M

Revenue / Share

$0.00

Gross Margin

-1435.4%

Operating Margin

-5743.8%

Net Margin

-7862.7%

FCF Margin

-4917.1%

P/S

165.0x

P/E

—

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Mar 4, 2026

$1M-74.3%EPS -$0.35

Q4 2025

Mar 4, 2026

$223.0K-86.5%EPS -$0.12

Q3 2025

Nov 12, 2025

$241.0K+26.8%EPS -$0.05

Q2 2025

Aug 7, 2025

$155.0K-91.8%EPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$350.0K	$346.0K	-$13M
Q2 22	$314.0K	$296.0K	-$14M
Q3 22	$0	-$45.0K	-$13M
Q4 22	$0	-$33.0K	-$14M
Q1 23	$782.0K	$238.0K	-$21M
Q2 23	$329.0K	-$372.0K	-$24M
Q3 23	$1M	$422.0K	-$24M
Q4 23	$5M	$4M	-$20M
Q1 24	$956.0K	-$321.0K	-$27M
Q2 24	$2M	$346.0K	-$25M
Q3 24	$190.0K	-$393.0K	-$16M
Q4 24	$2M	-$4M	-$17M
Q1 25	$589.0K	$39.0K	-$14M
Q2 25	$155.0K	-$561.0K	-$15M
Q3 25	$241.0K	-$716.0K	-$13M
Q4 25	$223.0K	-$16M	-$28M

Valuation

Quarter	P/S	P/E
Q1 22	84.1x	—
Q2 22	102.8x	—
Q3 22	163.2x	—
Q4 22	300.2x	—
Q1 23	181.8x	—
Q2 23	179.4x	—
Q3 23	92.4x	—
Q4 23	27.5x	—
Q1 24	26.8x	—
Q2 24	22.1x	—
Q3 24	24.5x	—
Q4 24	42.4x	—
Q1 25	46.0x	—
Q2 25	77.1x	—
Q3 25	75.6x	—
Q4 25	165.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$11M	-$12M
Q2 22	-$10M	-$10M
Q3 22	-$9M	-$10M
Q4 22	-$8M	-$11M
Q1 23	-$13M	-$14M
Q2 23	-$17M	-$18M
Q3 23	-$20M	-$21M
Q4 23	-$17M	-$17M
Q1 24	-$21M	-$21M
Q2 24	-$19M	-$19M
Q3 24	-$14M	-$14M
Q4 24	-$15M	-$15M
Q1 25	-$14M	-$14M
Q2 25	-$13M	-$13M
Q3 25	-$16M	-$17M
Q4 25	-$15M	-$16M

Capital Expenditures

Quarter	CapEx
Q1 22	$884.0K
Q2 22	$244.0K
Q3 22	$889.0K
Q4 22	$2M
Q1 23	$615.0K
Q2 23	$869.0K
Q3 23	$497.0K
Q4 23	$46.0K
Q1 24	$114.0K
Q2 24	$166.0K
Q3 24	$9.0K
Q4 24	$103.0K
Q1 25	$99.0K
Q2 25	$208.0K
Q3 25	$128.0K
Q4 25	$244.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-26.9%	+101.0%
Q2 22	-57.9%	-10.9%
Q3 22	-100.0%	+21.5%
Q4 22	-100.0%	+6.2%
Q1 23	+123.4%	+63.1%
Q2 23	+4.8%	+73.3%
Q3 23	—	+90.4%
Q4 23	—	+78.6%
Q1 24	+22.3%	+25.9%
Q2 24	+477.5%	+9.5%
Q3 24	-81.9%	-36.3%
Q4 24	-67.7%	-24.8%
Q1 25	-38.4%	-47.1%
Q2 25	-91.8%	-44.2%
Q3 25	+26.8%	-18.5%
Q4 25	-86.5%	+49.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	1066.9%
Q2 22	$4M	1312.1%
Q3 22	$4M	—
Q4 22	$4M	—
Q1 23	$3M	377.1%
Q2 23	$4M	1175.1%
Q3 23	$5M	448.0%
Q4 23	$5M	90.9%
Q1 24	$4M	391.5%
Q2 24	$3M	176.5%
Q3 24	$2M	1276.8%
Q4 24	$2M	122.0%
Q1 25	$2M	326.1%
Q2 25	$2M	1245.2%
Q3 25	-$2M	-665.1%
Q4 25	-$2M	-693.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$8M	—
Q2 22	$8M	—
Q3 22	$8M	—
Q4 22	$8M	—
Q1 23	$13M	—
Q2 23	$14M	—
Q3 23	$16M	$9M
Q4 23	$15M	—
Q1 24	$17M	—
Q2 24	$14M	—
Q3 24	$9M	—
Q4 24	$9M	$4M
Q1 25	$7M	—
Q2 25	$8M	—
Q3 25	$8M	$4M
Q4 25	$9M	$3M

Revenue Segments

Quarter	License	Contract Revenue	Product Revenue	License And Royalty Revenue	License and Royalty Revenue
Q1 22	$350.0K	—	—	—	—
Q2 22	$314.0K	—	—	—	—
Q4 22	$5M	—	—	—	—
Q1 23	—	$192.0K	$590.0K	—	—
Q2 23	—	$68.0K	$261.0K	—	—
Q3 23	—	—	$1M	—	—
Q1 24	—	$53.0K	$856.0K	$47.0K	—
Q2 24	—	$51.0K	$2M	$152.0K	—
Q3 24	—	—	$65.0K	—	$125.0K
Q1 25	—	—	$504.0K	—	$85.0K
Q2 25	—	$40.0K	$34.0K	—	$81.0K
Q3 25	—	—	$28.0K	—	$213.0K
Q4 25	—	$8.0K	$44.0K	—	$171.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$56M	$48M	$103M
Q2 22	$37M	$56M	$93M
Q3 22	$22M	$61M	$83M
Q4 22	$21M	$62M	$83M
Q1 23	$23M	$45M	$68M
Q2 23	$62M	$32M	$94M
Q3 23	$49M	$29M	$78M
Q4 23	$45M	$29M	$74M
Q1 24	$44M	$29M	$73M
Q2 24	$27M	$30M	$57M
Q3 24	$17M	$27M	$43M
Q4 24	$54M	$20M	$75M
Q1 25	$52M	$17M	$69M
Q2 25	$74M	$17M	$91M
Q3 25	$73M	$27M	$100M
Q4 25	$32M	$42M	$75M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	165M	+0.2%	+5.9%
Q2 22	165M	+0.4%	+4.0%
Q3 22	166M	+0.3%	+1.0%
Q4 22	168M	+1.6%	+2.5%
Q1 23	175M	+3.8%	+6.2%
Q2 23	177M	+1.5%	+7.3%
Q3 23	188M	+6.2%	+13.7%
Q4 23	191M	+1.2%	+13.3%
Q1 24	197M	+3.2%	+12.6%
Q2 24	209M	+6.1%	+17.7%
Q3 24	213M	+2.1%	+13.1%
Q4 24	219M	+3.0%	+15.1%
Q1 25	236M	+7.5%	+19.9%
Q2 25	255M	+7.9%	+22.0%
Q3 25	295M	+16.0%	+38.7%
Q4 25	305M	+3.4%	+39.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$3.6K	96
Q2 22	$3.3K	96
Q3 22	$0	96
Q4 22	$0	350
Q1 23	$2.2K	350
Q2 23	$940	350
Q3 23	$3.0K	350
Q4 23	$15.0K	340
Q1 24	$2.8K	340
Q2 24	$5.6K	340
Q3 24	$559	340
Q4 24	$8.9K	185
Q1 25	$3.2K	185
Q2 25	$838	185
Q3 25	$1.3K	185
Q4 25	$1.7K	135

Revenue / Employee