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Vuzix (VUZI) Financials

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$2.47 -0.25 (-9.19%)
Closing price 04:00 PM Eastern
Extended Trading
$2.52 +0.05 (+2.02%)
As of 07:24 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Vuzix

Annual Income Statements for Vuzix

This table shows Vuzix's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -15 -21 -21 -24 -28 -20 -40 -41 -50 -74 -32
Consolidated Net Income / (Loss)		 -13 -19 -20 -22 -26 -18 -40 -41 -50 -74 -32
Net Income / (Loss) Continuing Operations		 -13 -19 -20 -22 -26 -18 -40 -41 -50 -74 -32
Total Pre-Tax Income 		-13 -19 -20 -22 -26 -18 -40 -41 -50 -74 -32
Total Operating Income		 -11 -19 -19 -22 -27 -19 -40 -42 -52 -74 -33
Total Gross Profit		 0.57 -1.16 -0.68 1.77 -4.41 0.60 1.57 1.48 -2.63 -5.60 -1.06
Total Revenue		 2.75 2.13 5.54 8.09 6.67 12 13 12 12 5.75 6.28
Operating Revenue		 2.75 2.13 5.54 8.09 6.67 12 13 12 12 5.75 6.28
Total Cost of Revenue		 2.18 3.29 6.21 6.33 11 11 12 10 15 11 7.34
Operating Cost of Revenue		 2.18 3.29 6.21 6.33 11 11 12 10 15 11 7.34
Total Operating Expenses		 12 17 19 24 22 20 42 44 50 68 31
Selling, General & Admin Expense		 6.12 5.11 6.13 6.97 6.60 6.92 23 21 19 17 12
Marketing Expense		 1.80 3.39 3.69 4.82 4.22 4.04 6.12 8.08 13 8.19 5.48
Research & Development Expense		 3.60 6.95 6.71 10 8.90 7.57 12 13 12 9.63 13
Depreciation Expense		 0.38 0.77 1.00 1.47 2.44 1.13 0.99 1.79 3.84 2.99 1.60
Impairment Charge		 0.01 0.02 0.00 0.20 0.00 0.07 0.08 0.10 2.18 30 0.00
Other Special Charges / (Income)		 - - - - 0.00 0.00 0.18 0.04 0.00 0.03 0.11
Total Other Income / (Expense), net		 -2.09 -0.71 -0.28 -0.01 0.09 1.18 -0.40 1.47 2.15 0.43 0.23
Interest & Investment Income		 0.02 0.03 0.06 0.19 0.25 0.04 0.05 1.40 2.22 0.59 0.67
Other Income / (Expense), net		 -1.20 -0.08 -0.07 -0.19 -0.16 -0.17 -0.45 0.07 -0.07 -0.16 -0.44
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Preferred Stock Dividends Declared		 1.51 1.62 1.71 1.82 1.93 2.06 - - 0.00 0.00 0.06
Basic Earnings per Share		 ($0.97) $1.23 $1.02 $0.87 ($0.94) ($0.53) ($0.66) ($0.64) ($0.79) ($1.08) ($0.42)
Weighted Average Basic Shares Outstanding		 15.41M 16.91M 21.01M 27.18M 30.35M 38.11M 61.13M 63.71M 63.43M 67.84M 77.60M
Diluted Earnings per Share		 ($0.97) $1.23 $1.02 $0.87 ($0.94) ($0.53) ($0.66) ($0.64) ($0.79) ($1.08) ($0.42)
Weighted Average Diluted Shares Outstanding		 15.41M 16.91M 21.01M 27.18M 30.35M 38.11M 61.13M 63.71M 63.43M 67.84M 77.60M
Weighted Average Basic & Diluted Shares Outstanding		 15.41M 16.91M 21.01M 27.18M 30.35M 38.11M 63.67M 63.21M - 76.24M 83.16M

Quarterly Income Statements for Vuzix

This table shows Vuzix's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.38 -8.65 -7.11
Consolidated Net Income / (Loss)		 -11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.35 -8.62 -7.07
Net Income / (Loss) Continuing Operations		 -11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.35 -8.62 -7.07
Total Pre-Tax Income 		-11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.35 -8.62 -7.07
Total Operating Income		 -11 -20 -10 -41 -9.30 -14 -8.77 -7.86 -7.49 -8.38 -7.21
Total Gross Profit		 -0.24 -4.25 -0.05 -0.33 -0.26 -4.95 -0.27 -0.76 -0.41 0.38 -0.38
Total Revenue		 2.18 1.07 2.00 1.09 1.39 1.27 1.58 1.30 1.16 2.24 1.39
Operating Revenue		 2.18 1.07 2.00 1.09 1.39 1.27 1.58 1.30 1.16 2.24 1.39
Total Cost of Revenue		 2.42 5.31 2.06 1.43 1.65 6.23 1.85 2.06 1.57 1.87 1.77
Operating Cost of Revenue		 2.42 5.31 2.06 1.43 1.65 6.23 1.85 2.06 1.57 1.87 1.77
Total Operating Expenses		 11 16 10 40 9.04 8.90 8.51 7.09 7.08 8.76 6.83
Selling, General & Admin Expense		 4.47 4.73 4.10 4.49 4.35 4.29 3.96 2.76 2.58 2.34 2.13
Marketing Expense		 2.83 4.83 2.22 2.24 1.77 1.97 1.54 1.35 1.15 1.44 1.55
Research & Development Expense		 2.91 3.52 2.74 2.36 2.33 2.20 2.61 2.57 2.94 4.51 3.03
Depreciation Expense		 0.96 0.95 0.97 1.19 0.41 0.43 0.41 0.41 0.42 0.36 0.12
Total Other Income / (Expense), net		 0.45 0.53 0.04 0.12 0.08 0.19 0.14 0.19 0.14 -0.23 0.13
Interest & Investment Income		 0.50 0.39 0.15 0.21 0.10 0.14 0.17 0.14 0.16 0.21 0.17
Other Income / (Expense), net		 -0.05 0.14 -0.11 -0.09 -0.02 0.06 -0.03 0.05 -0.02 -0.44 -0.03
Preferred Stock Dividends Declared		 - - - 0.00 0.00 - 0.00 0.00 0.02 - 0.04
Basic Earnings per Share		 ($0.17) ($0.32) ($0.16) ($0.62) ($0.14) ($0.16) ($0.11) ($0.10) ($0.09) ($0.12) ($0.09)
Weighted Average Basic Shares Outstanding		 63.32M 63.43M 64.73M 65.81M 67.84M 67.84M 76.22M 76.47M 77.48M 77.60M 81.87M
Diluted Earnings per Share		 ($0.17) ($0.32) ($0.16) ($0.62) ($0.14) ($0.16) ($0.11) ($0.10) ($0.09) ($0.12) ($0.09)
Weighted Average Diluted Shares Outstanding		 63.32M 63.43M 64.73M 65.81M 67.84M 67.84M 76.22M 76.47M 77.48M 77.60M 81.87M
Weighted Average Basic & Diluted Shares Outstanding		 63.33M 0.00 64.73M 65.97M 73.62M 76.24M 76.24M 77.34M 80.13M 83.16M 83.16M

Annual Cash Flow Statements for Vuzix

This table details how cash moves in and out of Vuzix's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 12 2.66 0.36 2.37 -6.66 25 84 -48 -46 -8.37 2.96
Net Cash From Operating Activities		 -12 -14 -16 -23 -22 -14 -27 -25 -26 -24 -19
Net Cash From Continuing Operating Activities		 -12 -14 -16 -23 -22 -14 -27 -25 -26 -24 -19
Net Income / (Loss) Continuing Operations		 -13 -19 -20 -22 -26 -18 -40 -41 -50 -74 -32
Consolidated Net Income / (Loss)		 -13 -19 -20 -22 -26 -18 -40 -41 -50 -74 -32
Depreciation Expense		 0.38 0.77 1.00 1.47 2.44 2.64 2.31 2.59 4.93 3.93 3.15
Non-Cash Adjustments To Reconcile Net Income		 4.19 2.48 2.48 2.22 6.36 2.60 18 15 22 47 6.53
Changes in Operating Assets and Liabilities, net		 -3.90 0.79 -0.70 -4.46 -4.78 -1.26 -6.97 -1.32 -2.57 -0.80 3.80
Net Cash From Investing Activities		 -2.08 -2.19 -2.69 -3.15 -3.16 -1.49 -4.85 -21 -19 -2.92 -2.62
Net Cash From Continuing Investing Activities		 -2.08 -2.19 -2.69 -3.15 -3.16 -1.49 -4.85 -21 -19 -2.92 -2.62
Purchase of Property, Plant & Equipment		 -1.89 -2.04 -2.09 -2.70 -2.66 -1.00 -4.06 -1.85 -5.65 -1.36 -2.06
Acquisitions		 -0.19 -0.15 -0.60 -0.44 -0.25 -0.49 -0.59 -2.80 -0.63 -0.56 -0.55
Purchase of Investments		 - - - - - - 0.00 0.00 -2.50 0.00 0.00
Other Investing Activities, net		 - - 0.00 0.00 -0.25 - -0.20 -17 -11 -1.00 0.00
Net Cash From Financing Activities		 26 19 20 28 19 41 116 -1.95 -0.45 18 24
Net Cash From Continuing Financing Activities		 26 19 20 28 19 41 116 -1.95 -0.45 18 24
Repurchase of Common Equity		 0.00 -1.87 -1.62 - - - - -2.01 -0.47 0.00 0.00
Payment of Dividends		 - - - - 0.00 0.00 -10 - 0.00 0.00 -0.02
Issuance of Common Equity		 0.00 21 21 28 19 25 92 0.00 0.00 8.18 14
Other Financing Activities, net		 1.27 0.08 0.00 0.04 0.00 14 34 0.06 0.02 10 10

Quarterly Cash Flow Statements for Vuzix

This table details how cash moves in and out of Vuzix's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -11 -11 -10 -6.62 4.39 3.91 -2.96 2.22 5.15 -1.46 -0.98
Net Cash From Operating Activities		 -8.05 -6.14 -8.81 -5.64 -5.28 -4.02 -3.45 -4.79 -4.99 -5.55 -5.56
Net Cash From Continuing Operating Activities		 -8.05 -6.14 -8.81 -5.64 -5.28 -4.02 -3.45 -4.79 -4.99 -5.55 -5.56
Net Income / (Loss) Continuing Operations		 -11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.35 -8.62 -7.07
Consolidated Net Income / (Loss)		 -11 -20 -10 -41 -9.22 -14 -8.64 -7.67 -7.35 -8.62 -7.07
Depreciation Expense		 1.19 1.31 1.15 1.47 0.64 0.66 0.63 0.78 0.93 0.81 0.49
Non-Cash Adjustments To Reconcile Net Income		 2.89 10 2.83 33 3.56 7.44 3.42 0.72 0.54 1.85 0.56
Changes in Operating Assets and Liabilities, net		 -1.14 1.99 -2.74 0.46 -0.26 1.53 1.13 1.38 0.88 0.41 0.46
Net Cash From Investing Activities		 -2.49 -5.35 -1.25 -0.98 -0.33 -0.35 -0.76 -0.87 -0.46 -0.53 -1.17
Net Cash From Continuing Investing Activities		 -2.49 -5.35 -1.25 -0.98 -0.33 -0.35 -0.76 -0.87 -0.46 -0.53 -1.17
Purchase of Property, Plant & Equipment		 -0.83 -1.71 -0.10 -0.83 -0.20 -0.23 -0.66 -0.73 -0.32 -0.35 -1.00
Acquisitions		 -0.16 -0.13 -0.15 -0.16 -0.13 -0.12 -0.10 -0.14 -0.14 -0.17 -0.18
Net Cash From Financing Activities		 0.01 - 0.00 - 10 8.29 1.26 7.88 11 4.62 5.74
Net Cash From Continuing Financing Activities		 0.01 - 0.00 - 10 8.29 1.26 7.88 11 4.62 5.74
Payment of Dividends		 - - - - - - 0.00 - - - -0.04
Issuance of Common Equity		 - - 0.00 - - 8.18 1.26 2.83 5.55 4.65 5.78

Annual Balance Sheets for Vuzix

This table presents Vuzix's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 20 22 27 35 28 52 148 131 86 39 40
Total Current Assets		 17 18 21 27 19 45 137 91 42 27 27
Cash & Equivalents		 12 15 15 17 11 36 120 73 27 18 21
Accounts Receivable		 0.33 0.10 0.97 0.77 1.37 1.39 2.24 3.83 3.83 1.61 2.54
Inventories, net		 3.35 2.65 3.85 7.28 5.71 6.10 12 11 9.00 4.81 2.19
Prepaid Expenses		 0.98 0.94 1.03 1.31 1.14 1.22 2.05 1.51 1.74 1.44 1.06
Other Current Assets		 - 0.00 0.50 0.76 0.00 0.27 0.50 1.47 0.37 0.67 0.26
Plant, Property, & Equipment, net		 2.02 3.36 4.12 4.29 4.33 2.84 5.19 3.88 8.07 7.58 7.63
Total Noncurrent Assets		 1.02 0.75 1.47 3.46 5.05 4.58 6.13 37 37 5.10 5.25
Intangible Assets		 1.02 0.75 1.47 3.00 2.28 2.16 3.53 33 2.63 3.00 3.92
Other Noncurrent Operating Assets		 - - 0.00 0.46 2.76 2.42 2.60 1.91 28 2.10 1.33
Total Liabilities & Shareholders' Equity		 20 22 27 35 28 52 148 131 86 39 40
Total Liabilities		 3.47 4.62 5.45 4.68 4.21 4.17 4.74 16 5.35 2.11 5.39
Total Current Liabilities		 1.80 4.42 5.45 4.68 2.63 3.10 4.16 15 5.22 2.11 4.89
Accounts Payable		 0.91 1.09 3.73 2.67 1.06 1.52 2.05 1.21 1.57 0.54 0.69
Accrued Expenses		 0.73 1.33 1.39 1.61 0.89 0.98 1.42 1.67 2.42 0.95 3.59
Current Deferred Revenue		 0.07 0.51 0.11 0.21 0.14 0.04 0.03 0.03 0.02 0.13 0.06
Current Deferred & Payable Income Tax Liabilities		 0.01 0.01 0.00 0.03 0.02 0.11 0.12 0.21 0.05 0.01 0.05
Other Current Liabilities		 - 0.00 0.15 - 0.52 0.44 0.53 12 1.16 0.49 0.50
Total Noncurrent Liabilities		 1.67 0.20 0.00 0.00 1.57 1.07 0.58 0.31 0.14 0.00 0.50
Other Noncurrent Operating Liabilities		 0.44 0.20 - - 1.57 1.07 0.58 0.31 0.14 0.00 0.50
Redeemable Noncontrolling Interest		 - - - - - - - - - 0.00 10
Total Equity & Noncontrolling Interests		 16 18 21 30 24 48 144 115 81 37 25
Total Preferred & Common Equity		 16 18 21 30 24 48 144 115 81 37 25
Total Common Equity		 16 18 21 30 24 48 144 115 81 37 25
Common Stock		 74 95 118 149 169 211 347 361 377 407 427
Retained Earnings		 -58 -77 -96 -118 -145 -163 -203 -244 -294 -368 -400
Treasury Stock		 - - - - - - 0.00 -2.01 -2.48 -2.48 -2.48

Quarterly Balance Sheets for Vuzix

This table presents Vuzix's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 101 77 38 42 36 37 42 38
Total Current Assets		 60 33 25 29 22 23 28 25
Cash & Equivalents		 38 17 9.88 14 15 17 23 20
Accounts Receivable		 7.39 4.63 3.31 3.17 1.74 1.60 1.46 1.47
Inventories, net		 11 9.87 10 9.83 4.28 3.31 2.90 1.80
Prepaid Expenses		 2.25 1.18 0.90 1.14 0.91 0.75 1.11 1.00
Other Current Assets		 0.62 0.49 0.33 0.31 0.23 0.21 0.16 0.35
Plant, Property, & Equipment, net		 7.05 7.92 8.19 7.88 8.40 8.74 8.50 8.42
Total Noncurrent Assets		 34 36 5.38 5.25 4.98 4.84 5.75 5.17
Intangible Assets		 31 29 3.71 3.75 3.77 3.81 3.84 3.99
Other Noncurrent Operating Assets		 1.95 1.84 1.67 1.51 1.21 1.04 1.90 1.17
Total Liabilities & Shareholders' Equity		 101 77 38 42 36 37 42 38
Total Liabilities		 5.31 3.84 2.83 2.29 2.92 3.04 4.59 4.38
Total Current Liabilities		 5.14 3.47 2.59 2.18 2.92 3.04 3.95 4.01
Accounts Payable		 1.85 1.90 0.90 0.66 1.52 1.11 1.07 1.50
Accrued Expenses		 0.84 0.85 1.01 0.72 0.86 1.57 2.23 1.91
Current Deferred Revenue		 0.10 0.16 0.05 0.17 0.11 0.09 0.10 0.05
Current Deferred & Payable Income Tax Liabilities		 0.05 0.06 0.12 0.13 0.06 0.05 0.05 0.05
Other Current Liabilities		 2.30 0.51 0.51 0.51 0.36 0.22 0.50 0.50
Total Noncurrent Liabilities		 0.17 0.37 0.24 0.11 0.00 0.00 0.63 0.37
Other Noncurrent Operating Liabilities		 0.17 0.37 0.24 0.11 - - 0.63 0.37
Redeemable Noncontrolling Interest		 - - - - - 5.00 10 10
Total Equity & Noncontrolling Interests		 96 73 35 40 33 29 28 24
Total Preferred & Common Equity		 96 73 35 40 33 29 28 24
Total Common Equity		 96 73 35 40 33 29 28 24
Common Stock		 372 380 383 396 411 415 422 433
Retained Earnings		 -274 -304 -345 -354 -376 -384 -391 -407
Treasury Stock		 -2.48 -2.48 -2.48 -2.48 -2.48 -2.48 -2.48 -2.48

Annual Metrics And Ratios for Vuzix

This table displays calculated financial ratios and metrics derived from Vuzix's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 16,059,434.00 17,560,686.00 22,203,911.00 27,587,502.00 33,128,620.00 42,718,665.00 63,631,676.00 63,739,650.00 63,327,608.00 - 80,126,486.00
DEI Adjusted Shares Outstanding		 16,059,434.00 17,560,686.00 22,203,911.00 27,587,502.00 33,128,620.00 42,718,665.00 63,631,676.00 63,739,650.00 63,327,608.00 - 80,126,486.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.93 -1.19 -0.96 -0.86 -0.86 -0.47 -0.63 -0.64 -0.79 - -0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.30% -22.64% 160.31% 46.17% -17.59% 73.62% 13.67% -10.10% 2.48% -52.56% 9.14%
EBITDA Growth		 -67.30% -53.69% -5.98% -13.52% -18.11% 31.13% -128.85% -3.80% -19.88% -47.99% 57.56%
EBIT Growth		 -70.88% -48.41% -4.39% -13.48% -21.23% 27.80% -109.49% -4.28% -24.22% -41.55% 55.56%
NOPAT Growth		 -125.37% -63.43% -4.42% -12.95% -21.52% 28.00% -109.02% -5.63% -23.84% -41.43% 56.05%
Net Income Growth		 -70.64% -43.36% -1.99% -11.42% -21.03% 32.20% -124.92% -0.96% -23.02% -46.64% 56.11%
EPS Growth		 -29.33% 226.80% -17.07% -14.71% -208.05% 43.62% -24.53% 3.03% -23.44% -36.71% 61.11%
Operating Cash Flow Growth		 -153.16% -23.39% -14.37% -36.91% 0.83% 37.54% -93.21% 9.12% -7.16% 9.66% 20.85%
Free Cash Flow Firm Growth		 -706.01% 54.73% -27.76% -42.58% 13.49% 37.03% -227.62% -24.67% 13.94% 46.77% 23.41%
Invested Capital Growth		 141.51% -16.27% 40.95% 103.28% 3.34% -10.27% 92.29% 82.48% 12.88% -60.57% -29.18%
Revenue Q/Q Growth		 -9.93% 3.78% 21.41% 4.96% -0.40% 24.54% -26.86% 41.98% -13.12% 3.70% 18.28%
EBITDA Q/Q Growth		 17.59% -13.95% 0.83% 2.48% -19.14% 21.86% -20.22% -0.26% -21.09% 7.67% 14.64%
EBIT Q/Q Growth		 14.78% -12.92% 1.46% 1.07% -17.65% 19.75% -19.34% -0.02% -20.23% 8.04% 13.10%
NOPAT Q/Q Growth		 -13.70% -19.88% 2.32% 0.97% -17.80% 20.14% -19.46% -1.29% -19.58% 8.15% 14.39%
Net Income Q/Q Growth		 17.30% -17.20% 2.27% 1.42% -17.90% 25.03% -24.33% 1.77% -22.23% 7.80% 13.51%
EPS Q/Q Growth		 11.01% 213.89% -25.00% -63.75% -210.59% 53.10% 54.79% 0.00% -23.44% 12.90% 8.70%
Operating Cash Flow Q/Q Growth		 -15.14% -12.20% -0.09% -1.05% 1.34% 10.28% -24.83% 5.71% 1.65% 8.21% -8.88%
Free Cash Flow Firm Q/Q Growth		 -28.00% -1.35% -5.21% -4.30% 11.93% 11.95% -26.67% -16.47% 20.51% 6.65% -3.64%
Invested Capital Q/Q Growth		 20.01% -18.90% 0.20% 8.83% -24.05% -17.36% 5.10% 21.83% -15.92% -24.42% -11.43%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.59% -54.70% -12.22% 21.85% -66.08% 5.16% 11.91% 12.53% -21.72% -97.31% -16.92%
EBITDA Margin		 -402.74% -800.13% -325.76% -253.00% -362.59% -143.83% -289.57% -334.33% -391.10% -1,219.89% -474.40%
Operating Margin		 -412.42% -871.30% -349.50% -270.07% -398.26% -165.16% -303.69% -356.82% -431.21% -1,285.44% -517.59%
EBIT Margin		 -456.04% -874.89% -350.84% -272.39% -400.70% -166.64% -307.11% -356.20% -431.76% -1,288.19% -524.56%
Profit (Net Income) Margin		 -488.27% -904.87% -354.54% -270.26% -396.91% -155.01% -306.70% -344.41% -413.46% -1,277.91% -513.85%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 107.07% 103.43% 101.06% 99.22% 99.06% 93.02% 99.87% 96.69% 95.76% 99.20% 97.96%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -256.84% -244.23% -155.49% -138.64% -103.52% -156.53% -88.98% -80.13% -153.28% -139.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -203.91% -200.78% -114.60% -82.09% -83.97% -140.67% -77.36% -54.32% -67.16% -91.05%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 142.99% 143.81% 71.08% 41.83% 54.03% 114.48% 57.53% 29.03% 28.74% 49.76%
Return on Equity (ROE)		 -1,584.49% -113.86% -100.42% -84.40% -96.81% -49.49% -42.05% -31.45% -51.10% -124.55% -89.68%
Cash Return on Invested Capital (CROIC)		 -485.29% -239.13% -278.23% -223.60% -141.92% -92.69% -219.68% -147.37% -92.23% -66.41% -105.28%
Operating Return on Assets (OROA)		 -108.35% -88.82% -79.01% -71.16% -84.08% -47.70% -40.24% -30.16% -48.22% -118.08% -82.91%
Return on Assets (ROA)		 -116.00% -91.87% -79.85% -70.60% -83.29% -44.37% -40.19% -29.16% -46.17% -117.14% -81.21%
Return on Common Equity (ROCE)		 -1,584.45% -113.86% -100.42% -84.40% -96.81% -49.49% -42.05% -31.45% -51.10% -124.55% -77.22%
Return on Equity Simple (ROE_SIMPLE)		 -83.44% -108.62% -91.83% -71.83% -109.22% -37.17% -28.09% -35.30% 0.00% -197.19% 0.00%
Net Operating Profit after Tax (NOPAT)		 -7.94 -13 -14 -15 -19 -13 -28 -30 -37 -52 -23
NOPAT Margin		 -288.69% -609.91% -244.65% -189.05% -278.78% -115.61% -212.58% -249.77% -301.84% -899.81% -362.31%
Net Nonoperating Expense Percent (NNEP)		 -116.23% -52.93% -43.46% -40.89% -56.55% -19.55% -15.86% -11.62% -25.81% -86.13% -48.39%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -25.60% -45.31% -138.85% -92.20%
Cost of Revenue to Revenue		 79.41% 154.70% 112.22% 78.15% 166.08% 94.84% 88.09% 87.47% 121.72% 197.31% 116.92%
SG&A Expenses to Revenue		 222.55% 240.40% 110.63% 86.15% 98.94% 59.71% 170.93% 177.75% 153.29% 299.42% 185.20%
R&D to Revenue		 130.74% 326.59% 121.11% 128.22% 133.43% 65.35% 88.68% 107.10% 101.73% 167.28% 201.02%
Operating Expenses to Revenue		 433.01% 816.60% 337.28% 291.92% 332.18% 170.32% 315.60% 369.35% 409.48% 1,188.13% 500.68%
Earnings before Interest and Taxes (EBIT)		 -13 -19 -19 -22 -27 -19 -40 -42 -52 -74 -33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 -17 -18 -20 -24 -17 -38 -40 -47 -70 -30
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.57 6.74 6.49 4.36 2.75 8.03 3.84 2.01 1.63 7.78 12.27
Price to Tangible Book Value (P/TBV)		 8.09 7.04 6.97 4.83 3.03 8.41 3.93 2.87 1.69 8.46 14.59
Price to Revenue (P/Rev)		 44.32 56.13 25.06 16.39 9.98 33.49 41.91 19.60 10.89 50.40 48.22
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 20.24 23.09 19.09 8.75 4.11 28.76 18.34 3.71 2.06 14.23 21.56
Enterprise Value to Revenue (EV/Rev)		 40.47 49.97 22.37 14.26 8.39 30.38 32.78 13.47 8.22 47.24 46.45
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -5.57 -0.70 -0.72 -0.62 -0.51 -0.64 -0.81 -0.74 -0.53 -0.43 -0.55
Leverage Ratio		 13.66 1.24 1.26 1.20 1.16 1.12 1.05 1.08 1.11 1.06 1.10
Compound Leverage Factor		 14.62 1.28 1.27 1.19 1.15 1.04 1.05 1.04 1.06 1.05 1.08
Debt to Total Capital		 7.39% 7.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.32% 7.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 7.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 28.83%
Common Equity to Total Capital		 92.61% 92.60% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 71.17%
Debt to EBITDA		 -0.12 -0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.96 0.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.16 -0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 1.33 1.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 15.88 8.77 8.76 11.25 0.20 51.46 68.20 6.05 8.66 64.02 17.86
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.89%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 9.17 4.12 3.90 5.86 7.24 14.56 33.00 5.93 7.96 12.65 5.56
Quick Ratio		 6.77 3.31 2.91 3.86 4.64 12.10 29.46 5.00 5.82 9.37 4.85
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -27 -12 -15 -22 -19 -12 -39 -49 -42 -22 -17
Operating Cash Flow to CapEx		 -616.44% -705.98% -787.84% -834.02% -841.29% -1,401.13% -664.66% -1,326.45% -465.22% -1,746.84% -910.57%
Free Cash Flow to Firm to Interest Expense		 -29.42 -18.18 -58.57 -1,138.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -12.86 -21.67 -62.49 -1,166.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -14.95 -24.73 -70.42 -1,305.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.24 0.10 0.23 0.26 0.21 0.29 0.13 0.08 0.11 0.09 0.16
Accounts Receivable Turnover		 7.75 9.92 10.28 9.27 6.22 8.39 7.25 3.90 3.17 2.12 3.03
Inventory Turnover		 1.03 1.10 1.91 1.14 1.71 1.86 1.27 0.88 1.46 1.64 2.10
Fixed Asset Turnover		 2.26 0.79 1.48 1.92 1.55 3.23 3.28 2.61 2.03 0.74 0.83
Accounts Payable Turnover		 1.41 3.30 2.58 1.98 5.94 8.51 6.49 6.34 10.61 10.77 12.01
Days Sales Outstanding (DSO)		 47.07 36.80 35.51 39.38 58.66 43.50 50.34 93.60 115.19 172.44 120.61
Days Inventory Outstanding (DIO)		 356.10 332.75 190.99 321.21 213.98 196.21 287.26 412.85 250.54 222.03 174.02
Days Payable Outstanding (DPO)		 258.31 110.52 141.30 184.47 61.46 42.87 56.21 57.58 34.39 33.90 30.40
Cash Conversion Cycle (CCC)		 144.85 259.03 85.20 176.12 211.18 196.85 281.38 448.87 331.34 360.58 264.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5.50 4.60 6.49 13 14 12 24 43 48 19 14
Invested Capital Turnover		 -0.71 0.42 1.00 0.82 0.50 0.90 0.74 0.36 0.27 0.17 0.38
Increase / (Decrease) in Invested Capital		 19 -0.89 1.89 6.70 0.44 -1.40 11 19 5.53 -29 -5.58
Enterprise Value (EV)		 111 106 124 115 56 352 431 159 100 272 292
Market Capitalization		 122 119 139 133 67 388 552 232 132 290 303
Book Value per Share		 $1.00 $1.01 $0.96 $1.10 $0.73 $1.13 $2.26 $1.81 $1.28 $0.51 $0.31
Tangible Book Value per Share		 $0.94 $0.97 $0.90 $1.00 $0.66 $1.08 $2.20 $1.27 $1.23 $0.47 $0.26
Total Capital		 17 19 21 30 24 48 144 115 81 37 35
Total Debt		 1.28 1.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 1.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -11 -13 -15 -17 -11 -36 -120 -73 -32 -18 -21
Capital Expenditures (CapEx)		 1.89 2.04 2.09 2.70 2.66 1.00 4.06 1.85 5.65 1.36 2.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.91 0.69 0.90 5.44 5.83 5.89 13 2.79 9.73 6.42 1.16
Debt-free Net Working Capital (DFNWC)		 15 15 16 23 16 42 133 75 36 25 22
Net Working Capital (NWC)		 15 14 16 23 16 42 133 75 36 25 22
Net Nonoperating Expense (NNE)		 5.49 6.28 6.09 6.57 7.88 4.56 12 11 14 22 9.52
Net Nonoperating Obligations (NNO)		 -11 -13 -15 -17 -11 -36 -120 -73 -32 -18 -21
Total Depreciation and Amortization (D&A)		 1.47 1.59 1.39 1.57 2.54 2.64 2.31 2.59 4.93 3.93 3.15
Debt-free, Cash-free Net Working Capital to Revenue		 105.70% 32.46% 16.24% 67.24% 87.44% 50.86% 97.15% 23.58% 80.21% 111.63% 18.43%
Debt-free Net Working Capital to Revenue		 537.60% 715.65% 285.12% 280.52% 246.44% 362.30% 1,010.21% 636.66% 299.15% 427.66% 355.18%
Net Working Capital to Revenue		 535.57% 649.07% 285.12% 280.52% 246.44% 362.30% 1,010.21% 636.66% 299.15% 427.66% 355.18%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.97) ($1.23) ($1.02) $0.87 $0.94 $0.53 ($0.66) ($0.64) ($0.79) ($1.08) ($0.42)
Adjusted Weighted Average Basic Shares Outstanding		 16.10M 20.21M 27.30M 27.60M 33.13M 57.89M 61.13M 63.71M 63.43M 67.84M 77.60M
Adjusted Diluted Earnings per Share		 ($0.97) ($1.23) ($1.02) $0.87 $0.94 $0.53 ($0.52) ($0.64) ($0.79) ($1.08) ($0.42)
Adjusted Weighted Average Diluted Shares Outstanding		 16.10M 20.21M 27.30M 27.60M 33.13M 57.89M 61.13M 63.71M 63.43M 67.84M 77.60M
Adjusted Basic & Diluted Earnings per Share		 ($0.97) ($1.23) ($1.02) $0.87 $0.94 $0.53 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.41M 16.91M 21.01M 27.18M 30.35M 38.11M 63.67M 63.21M 0.00 76.24M 83.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.93 -13 -14 -15 -19 -13 -28 -29 -35 -31 -23
Normalized NOPAT Margin		 -288.36% -609.23% -244.65% -187.36% -278.78% -115.16% -211.18% -248.98% -289.27% -530.88% -361.12%
Pre Tax Income Margin		 -488.27% -904.87% -354.54% -270.26% -396.91% -155.01% -306.70% -344.41% -413.46% -1,277.91% -513.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -13.82 -28.01 -73.73 -1,140.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -8.75 -19.53 -51.42 -791.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -15.91 -31.08 -81.67 -1,280.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -10.84 -22.59 -59.35 -931.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -24.77% 0.00% 0.00% 0.00% -0.07%
Augmented Payout Ratio		 0.00% -9.74% -8.24% 0.00% 0.00% 0.00% -24.77% -4.92% -0.94% 0.00% -0.07%

Quarterly Metrics And Ratios for Vuzix

This table displays calculated financial ratios and metrics derived from Vuzix's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 63,319,217.00 63,327,608.00 63,327,608.00 64,726,092.00 65,965,431.00 - 76,242,415.00 76,242,415.00 77,341,692.00 80,126,486.00 83,158,258.00
DEI Adjusted Shares Outstanding		 63,319,217.00 63,327,608.00 63,327,608.00 64,726,092.00 65,965,431.00 - 76,242,415.00 76,242,415.00 77,341,692.00 80,126,486.00 83,158,258.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.17 -0.31 -0.16 -0.63 -0.14 - -0.11 -0.10 -0.10 -0.11 -0.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -36.38% -63.19% -52.19% -76.71% -36.44% 19.26% -21.11% 18.59% -16.22% 76.28% -11.99%
EBITDA Growth		 -10.44% -77.19% 7.09% -366.05% 15.70% 30.77% 9.66% 82.15% 24.17% 38.92% 17.46%
EBIT Growth		 -14.26% -76.85% 6.73% -321.94% 18.86% 31.97% 13.67% 80.89% 19.39% 36.01% 17.79%
NOPAT Growth		 -14.72% -72.24% 6.96% -323.94% 18.66% 32.16% 13.06% 80.71% 19.41% 39.46% 17.87%
Net Income Growth		 -15.89% -84.78% 1.88% -349.01% 16.03% 31.31% 14.03% 81.12% 20.26% 36.91% 18.13%
EPS Growth		 -13.33% -88.24% 0.00% -342.86% 17.65% 50.00% 31.25% 83.87% 35.71% 25.00% 18.18%
Operating Cash Flow Growth		 -16.33% 6.70% -111.42% 28.86% 34.43% 34.54% 60.78% 15.03% 5.38% -38.10% -60.85%
Free Cash Flow Firm Growth		 -53.30% 28.45% 60.89% 102.99% 185.00% 199.17% 330.12% 293.31% -81.58% -101.49% -104.64%
Invested Capital Growth		 63.55% 12.88% 10.21% -53.55% -56.13% -60.57% -65.36% -35.71% -39.57% -29.18% -21.50%
Revenue Q/Q Growth		 -53.53% -51.06% 87.82% -45.48% 26.83% -8.18% 24.25% -18.04% -10.40% 93.21% -37.97%
EBITDA Q/Q Growth		 -21.89% -84.28% 52.29% -334.86% 77.95% -51.35% 37.74% 14.06% 6.37% -21.91% 15.86%
EBIT Q/Q Growth		 -18.70% -76.56% 49.69% -300.17% 77.17% -48.04% 36.16% 11.40% 3.73% -17.51% 17.98%
NOPAT Q/Q Growth		 -18.99% -78.56% 50.56% -303.57% 77.17% -48.93% 36.64% 10.47% 4.60% -11.88% 14.05%
Net Income Q/Q Growth		 -21.43% -81.01% 49.46% -304.20% 77.29% -48.08% 36.75% 11.25% 4.07% -17.14% 17.92%
EPS Q/Q Growth		 -21.43% -88.24% 50.00% -287.50% 77.42% -14.29% 31.25% 9.09% 10.00% -33.33% 25.00%
Operating Cash Flow Q/Q Growth		 -1.60% 23.66% -43.31% 36.00% 6.36% 23.78% 14.14% -38.64% -4.28% -11.24% -0.01%
Free Cash Flow Firm Q/Q Growth		 1.08% 34.80% 40.59% 107.81% 2,709.18% -23.93% 37.87% -86.65% 31.54% -106.17% -327.74%
Invested Capital Q/Q Growth		 4.86% -15.92% 4.95% -49.81% -0.96% -24.42% -7.80% -6.84% -6.90% -11.43% 2.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -10.90% -397.92% -2.66% -30.49% -18.75% -389.30% -16.77% -58.76% -35.43% 16.74% -27.16%
EBITDA Margin		 -472.06% -1,777.42% -451.54% -3,601.33% -626.01% -1,031.84% -517.03% -542.17% -566.58% -357.50% -484.94%
Operating Margin		 -524.43% -1,913.34% -503.65% -3,727.93% -671.08% -1,088.45% -555.01% -606.26% -645.50% -373.80% -517.93%
EBIT Margin		 -526.74% -1,900.30% -509.02% -3,735.96% -672.40% -1,084.07% -557.02% -602.14% -646.97% -393.50% -520.35%
Profit (Net Income) Margin		 -503.81% -1,863.33% -501.41% -3,717.12% -665.53% -1,073.25% -546.36% -591.66% -633.47% -384.08% -508.24%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 95.65% 98.05% 98.50% 99.50% 98.98% 99.00% 98.09% 98.26% 97.91% 97.61% 97.67%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -110.38% -355.55% -72.27% -411.35% -62.88% -129.79% -60.51% -112.02% -118.32% -100.70% -140.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 -105.74% -344.89% -65.29% -369.96% -52.51% -114.11% -47.20% -96.16% -106.88% -86.74% -129.01%
Return on Net Nonoperating Assets (RNNOA)		 61.36% 184.33% 30.59% 155.66% 20.32% 48.83% 16.71% 37.95% 50.90% 47.41% 68.32%
Return on Equity (ROE)		 -49.01% -171.22% -41.68% -255.69% -42.57% -80.97% -43.80% -74.07% -67.41% -53.30% -72.14%
Cash Return on Invested Capital (CROIC)		 -114.17% -92.23% -84.11% -70.67% -57.97% -66.41% -51.47% -89.32% -81.75% -105.28% -113.66%
Operating Return on Assets (OROA)		 -61.34% -212.22% -50.74% -318.54% -52.24% -99.37% -52.68% -88.71% -81.49% -62.19% -85.51%
Return on Assets (ROA)		 -58.67% -208.09% -49.98% -316.93% -51.71% -98.38% -51.67% -87.17% -79.78% -60.70% -83.52%
Return on Common Equity (ROCE)		 -49.01% -171.22% -41.68% -255.69% -42.57% -80.97% -43.80% -68.73% -58.71% -45.89% -61.35%
Return on Equity Simple (ROE_SIMPLE)		 -42.88% 0.00% -68.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.00 -14 -7.06 -29 -6.51 -9.69 -6.14 -5.50 -5.25 -5.87 -5.04
NOPAT Margin		 -367.10% -1,339.34% -352.55% -2,609.55% -469.76% -761.92% -388.51% -424.38% -451.85% -261.66% -362.55%
Net Nonoperating Expense Percent (NNEP)		 -4.64% -10.66% -6.98% -41.40% -10.37% -15.68% -13.30% -15.86% -11.43% -13.96% -11.45%
Return On Investment Capital (ROIC_SIMPLE)		 - -17.69% -9.66% -80.52% -16.46% -26.00% -18.70% -19.05% -18.81% -23.78% -21.02%
Cost of Revenue to Revenue		 110.90% 497.92% 102.66% 130.49% 118.75% 489.30% 116.77% 158.76% 135.43% 83.26% 127.16%
SG&A Expenses to Revenue		 204.90% 443.62% 204.52% 411.16% 313.70% 337.38% 250.55% 212.75% 221.81% 104.29% 153.37%
R&D to Revenue		 133.60% 329.98% 136.66% 215.89% 168.42% 172.55% 164.83% 198.41% 252.89% 201.20% 217.66%
Operating Expenses to Revenue		 513.53% 1,515.42% 500.99% 3,697.44% 652.33% 699.16% 538.24% 547.49% 610.07% 390.53% 490.77%
Earnings before Interest and Taxes (EBIT)		 -11 -20 -10 -41 -9.32 -14 -8.81 -7.80 -7.51 -8.83 -7.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -10 -19 -9.05 -39 -8.67 -13 -8.17 -7.02 -6.58 -8.02 -6.75
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.40 1.63 1.05 2.47 1.95 7.78 4.74 7.71 8.68 12.27 8.01
Price to Tangible Book Value (P/TBV)		 3.63 1.69 1.73 2.76 2.16 8.46 5.35 8.88 10.07 14.59 9.60
Price to Revenue (P/Rev)		 16.46 10.89 7.71 13.78 13.91 50.40 29.17 40.22 45.59 48.22 31.54
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.33 2.06 1.07 3.04 2.49 14.23 7.96 12.81 15.02 21.56 13.16
Enterprise Value to Revenue (EV/Rev)		 13.74 8.22 5.47 12.22 11.34 47.24 26.32 37.97 43.21 46.45 29.87
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.58 -0.53 -0.47 -0.42 -0.39 -0.43 -0.35 -0.39 -0.48 -0.55 -0.53
Leverage Ratio		 1.08 1.11 1.09 1.07 1.06 1.06 1.06 1.08 1.09 1.10 1.11
Compound Leverage Factor		 1.04 1.09 1.08 1.07 1.05 1.05 1.04 1.07 1.07 1.08 1.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.76% 26.40% 28.83% 29.42%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 85.24% 73.60% 71.17% 70.58%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 22.57 9.89 6.58 3.26 8.50 69.07 17.27 29.52 18.99 19.84 11.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.22% 12.91% 13.89% 14.96%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 11.59 7.96 9.41 9.53 13.16 12.65 7.68 7.68 7.14 5.56 6.19
Quick Ratio		 8.83 5.82 6.08 5.10 7.99 9.37 5.82 6.27 6.09 4.85 5.40
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -30 -20 -12 0.92 26 20 27 3.62 4.76 -0.29 -1.26
Operating Cash Flow to CapEx		 -964.65% -358.33% -8,697.38% -680.25% -2,645.24% -1,749.75% -520.60% -658.19% -1,570.39% -1,566.24% -557.54%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.11 0.10 0.09 0.08 0.09 0.09 0.15 0.13 0.16 0.16
Accounts Receivable Turnover		 2.66 3.17 2.58 1.29 1.05 2.12 1.67 2.25 2.30 3.03 3.79
Inventory Turnover		 1.06 1.46 1.30 1.06 0.99 1.64 1.58 1.74 1.84 2.10 2.39
Fixed Asset Turnover		 1.68 2.03 1.41 0.85 0.74 0.74 0.65 0.65 0.65 0.83 0.72
Accounts Payable Turnover		 6.16 10.61 8.51 8.90 8.31 10.77 6.51 11.73 13.52 12.01 4.81
Days Sales Outstanding (DSO)		 137.36 115.19 141.21 283.67 347.13 172.44 218.26 162.00 158.83 120.61 96.33
Days Inventory Outstanding (DIO)		 344.22 250.54 280.12 343.56 369.30 222.03 231.65 209.93 198.41 174.02 152.51
Days Payable Outstanding (DPO)		 59.24 34.39 42.88 41.02 43.92 33.90 56.06 31.11 26.99 30.40 75.86
Cash Conversion Cycle (CCC)		 422.34 331.34 378.46 586.21 672.51 360.58 393.85 340.83 330.25 264.23 172.99
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 58 48 51 26 25 19 18 16 15 14 14
Invested Capital Turnover		 0.30 0.27 0.21 0.16 0.13 0.17 0.16 0.26 0.26 0.38 0.39
Increase / (Decrease) in Invested Capital		 22 5.53 4.71 -29 -32 -29 -33 -9.12 -10 -5.58 -3.79
Enterprise Value (EV)		 192 100 54 77 63 272 140 210 229 292 182
Market Capitalization		 230 132 77 87 77 290 156 223 242 303 192
Book Value per Share		 $1.51 $1.28 $1.15 $0.55 $0.60 $0.51 $0.43 $0.38 $0.36 $0.31 $0.29
Tangible Book Value per Share		 $1.00 $1.23 $0.70 $0.49 $0.54 $0.47 $0.38 $0.33 $0.31 $0.26 $0.24
Total Capital		 96 81 73 35 40 37 33 34 38 35 34
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -38 -32 -22 -9.88 -14 -18 -15 -17 -23 -21 -20
Capital Expenditures (CapEx)		 0.83 1.71 0.10 0.83 0.20 0.23 0.66 0.73 0.32 0.35 1.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 16 9.73 13 12 12 6.42 4.24 2.83 1.67 1.16 0.61
Debt-free Net Working Capital (DFNWC)		 54 36 29 22 27 25 19 20 24 22 21
Net Working Capital (NWC)		 54 36 29 22 27 25 19 20 24 22 21
Net Nonoperating Expense (NNE)		 2.98 5.59 2.98 12 2.71 3.96 2.50 2.17 2.11 2.75 2.03
Net Nonoperating Obligations (NNO)		 -38 -32 -22 -9.88 -14 -18 -15 -17 -23 -21 -20
Total Depreciation and Amortization (D&A)		 1.19 1.31 1.15 1.47 0.64 0.66 0.63 0.78 0.93 0.81 0.49
Debt-free, Cash-free Net Working Capital to Revenue		 117.60% 80.21% 127.74% 192.22% 220.91% 111.63% 79.50% 51.11% 31.39% 18.43% 9.99%
Debt-free Net Working Capital to Revenue		 390.15% 299.15% 293.72% 347.99% 478.09% 427.66% 365.17% 366.47% 457.16% 355.18% 341.09%
Net Working Capital to Revenue		 390.15% 299.15% 293.72% 347.99% 478.09% 427.66% 365.17% 366.47% 457.16% 355.18% 341.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.17) ($0.32) ($0.16) ($0.62) ($0.14) ($0.16) ($0.11) ($0.10) ($0.09) ($0.12) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding		 63.32M 63.43M 64.73M 65.81M 67.84M 67.84M 76.22M 76.47M 77.48M 77.60M 81.87M
Adjusted Diluted Earnings per Share		 ($0.17) ($0.32) ($0.16) ($0.62) ($0.14) ($0.16) ($0.11) ($0.10) ($0.09) ($0.12) ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding		 63.32M 63.43M 64.73M 65.81M 67.84M 67.84M 76.22M 76.47M 77.48M 77.60M 81.87M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 63.33M 0.00 64.73M 65.97M 73.62M 76.24M 76.24M 77.34M 80.13M 83.16M 83.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.99 -13 -7.06 -7.43 -6.38 -9.68 -6.14 -5.50 -5.25 -5.79 -5.04
Normalized NOPAT Margin		 -366.32% -1,199.14% -352.16% -679.81% -460.58% -761.02% -388.51% -424.38% -451.85% -258.32% -362.55%
Pre Tax Income Margin		 -503.81% -1,863.33% -501.41% -3,717.12% -665.53% -1,073.25% -546.36% -591.66% -633.47% -384.08% -508.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.07% -0.20%
Augmented Payout Ratio		 0.00% -0.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.07% -0.20%

Financials Breakdown Chart

Key Financial Trends

Vuzix (NASDAQ: VUZI) continues to operate like a high-cash, high-burn growth company. The latest quarter shows a sizable cash balance and limited debt, but the business is still generating negative gross profit, large operating losses, and persistent cash outflows. Revenue has improved modestly from year-ago levels, yet not enough to offset the company’s cost structure.

  • Cash and equivalents were $20.2 million at the end of Q1 2026, giving Vuzix a near-term liquidity cushion.
  • The company ended Q1 2026 with $23.995 million in total equity, up from $18.866 million at year-end 2025 and far better than the deeply stressed position seen in parts of 2024.
  • Q1 2026 revenue rose to $1.39 million, up from $1.16 million in Q3 2025 and $1.27 million in Q4 2025, showing some sequential improvement.
  • Operating cash outflow improved to -$5.6 million in Q1 2026 from -$5.6 million in Q4 2025 and -$4.8 million in Q2 2025, suggesting spending has at least stabilized somewhat.
  • The balance sheet shows very low reported liabilities of just $4.4 million, which reduces traditional leverage risk.
  • The company’s cash position has fluctuated sharply over the last four years, indicating dependence on financing and working-capital swings rather than internally generated cash.
  • Vuzix has repeatedly issued common equity to fund operations, including $5.8 million in Q1 2026 and $4.6 million in Q4 2025, which helps liquidity but dilutes shareholders.
  • The company carries a redeemable noncontrolling interest of $10 million, which is an important claim on value investors should monitor.
  • Vuzix posted a Q1 2026 net loss of $7.1 million, slightly worse than the $7.0 million loss in the prior-year period and still far from profitability.
  • Gross profit remained negative in Q1 2026 at -$377,911, meaning revenue still does not cover direct cost of sales.
  • Operating loss was a steep -$7.2 million in Q1 2026, showing that overhead and growth spending remain well above revenue.
  • Q1 2026 cost of revenue was $1.77 million versus $1.39 million in revenue, implying a gross margin below zero.
  • Even with cash on hand, Vuzix burned $5.6 million from operations in Q1 2026, which is a significant drain relative to its cash balance.
  • Looking back over the last four years, losses have been persistent and severe, including quarters such as Q2 2024 and Q4 2023 with very large operating losses and major non-cash charges.

Bottom line: Vuzix has enough cash for now and has reduced balance-sheet stress compared with the most difficult periods in 2024, but the core business is still not self-funding. Until the company can consistently raise gross margin and narrow operating losses, investors should view the stock as a speculative turnaround story rather than a fundamentally proven growth business.

07/07/26 07:28 PM ETAI Generated. May Contain Errors.

Vuzix Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Vuzix's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Vuzix's net income appears to be on an upward trend, with a most recent value of -$32.27 million in 2025, rising from -$13.43 million in 2015. The previous period was -$73.54 million in 2024. See where experts think Vuzix is headed by visiting Vuzix's forecast page.

Vuzix's total operating income in 2025 was -$32.51 million, based on the following breakdown:
  • Total Gross Profit: -$1.06 million
  • Total Operating Expenses: $31.45 million

Over the last 10 years, Vuzix's total revenue changed from $2.75 million in 2015 to $6.28 million in 2025, a change of 128.4%.

Vuzix's total liabilities were at $5.39 million at the end of 2025, a 155.2% increase from 2024, and a 55.4% increase since 2015.

In the past 10 years, Vuzix's cash and equivalents has ranged from $10.61 million in 2019 to $120.20 million in 2021, and is currently $21.15 million as of their latest financial filing in 2025.

Over the last 10 years, Vuzix's book value per share changed from 1.00 in 2015 to 0.31 in 2025, a change of -69.3%.


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Financial statements for NASDAQ:VUZI last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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