10-K · April 30, 2026
MicroVision reported a challenging fiscal year 2025, with total revenue of only $2 million and a significant net loss of approximately $280 million. The company faces ongoing liquidity issues and has disclosed…
Earnings analysis · 10-Q
MVIS earnings analysis
Filed May 15, 2026 · Our reading of the company's report
The latest report
MicroVision's Q1 2026 financial performance revealed significant challenges, with revenue of $935,000 missing estimates of $3.24 million and an EPS of -$0.08 compared to an estimate of -$0.03. The company reported a…
Read full summary
MicroVision's Q1 2026 financial performance revealed significant challenges, with revenue of $935,000 missing estimates of $3.24 million and an EPS of -$0.08 compared to an estimate of -$0.03. The company reported a year-over-year revenue increase of 58.7%, driven by lidar sensor shipments, yet substantial operating expenses continued to challenge profitability.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.08
What stood out
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Substantial Revenue Growth Year-over-Year
Q1 2026 revenue increased to $935,000, up 58.7% from $589,000 in Q1 2025.
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Negative EPS Performance
EPS for Q1 2026 was reported at -$0.08, worse than the estimated -$0.03.
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High Operating Expenses
R&D expenses rose 95.1% year-over-year to $14.4 million, highlighting ongoing pressure on costs.
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Decrease in Interest Expense
Interest expense fell to $2.8 million, down 78.7% compared to the same period last year.
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Positive Cash Flow from Financing Activities
Net cash provided by financing activities was $21.0 million, up from $8.2 million in Q1 2025.
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Significant Liquidity Position
As of March 31, 2026, the company reported a total liquidity of $88.1 million.
What to watch
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High Cash Burn Rate
Operating cash flow used was $16.4 million for Q1 2026, increasing from $14.1 million in the previous year.
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Dependence on Major Customers
In Q1 2026, a single customer accounted for 54% of total revenue, increasing revenue risk.
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Continued Operating Losses Forecasted
The company projects continued substantial losses this fiscal year, with a net loss of $25.3 million in Q1 2026.
Management's outlook
Management anticipates significant challenges to achieving profitability, continuing with a strong focus on R&D and market integration efforts.
Earlier filings 4
10-K · March 4, 2026
MicroVision positions itself as an integrated lidar hardware + software vendor targeting automotive (ADAS/AD), industrial (AGV/AMR) and security & defense markets and is pursuing consolidation/scale through recent asset…
10-Q · May 12, 2025
MicroVision reported Q1 revenue of $589,000 and GAAP net loss of $28.8 million (EPS $(0.12)). Revenue declined versus the prior-year quarter ($956,000) while gross profit turned positive at $39,000. Liquidity remains…
10-K · March 26, 2025
MicroVision reaffirmed its strategic focus on integrated lidar sensors and perception software (MAVIN, MOVIA and MOSAIK) and reduced non-core investment in MOSAIK via a 41% workforce reduction intended to extend runway.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.