VUZI Nasdaq Radio & Tv Broadcasting & Communications Equipment Financials FY2016βFY2025
Vuzix Corp had $6.3M of revenue in fiscal 2025, up 9.1% on the year before. Over five years, revenue changed β11.5% a year on average.
Last close Β· Oct 23, 2026
$2.06
0.0%Hi! I read Vuzix Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+9.1%
Yes. Sales grew 9.1% last year.
Does it make a profit?
β513.9%
No. It lost money last year.
Does profit turn into cash?
β331.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Vuzix Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 12, 2026
Thursday Β· in 17 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 13, 2026 | Q2 '26 | Time not announced | 8-K β |
| May 14, 2026 | Q1 '26 | Time not announced | 8-K β |
| Mar 12, 2026 | Q4 '25 | Time not announced | 8-K β |
| Nov 13, 2025 | Q3 '25 | Time not announced | 8-K β |
| Aug 14, 2025 | Q2 '25 | Time not announced | 8-K β |
| May 12, 2025 | Q1 '25 | Time not announced | 8-K β |
| Mar 13, 2025 | Q4 '24 | Time not announced | 8-K β |
| Nov 14, 2024 | Q3 '24 | Time not announced | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Vuzix Corp had $6.3M of revenue in fiscal 2025, up 9.1% on the year before. Over five years, revenue changed β11.5% a year on average. Its operating margin was β517.6%, up 767.8Β pts: of every 100 in sales, about β518 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Vuzix Corp lost $32.3M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$20.8M in fiscal 2025, β331.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Vuzix Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $120M | $72.6M | $26.6M | $18.2M | $21.2M |
| Current ratio | 33.0x | 5.9x | 8.0x | 12.7x | 5.6x |
| Quick ratio | 30.1x | 5.2x | 6.2x | 10.4x | 5.1x |
| Total assets | $148M | $131M | $86.1M | $39.4M | $40.1M |
| Total liabilities | $4.7M | $15.6M | $5.4M | $2.1M | $5.4M |
| Shareholders' equity | $144M | $115M | $80.8M | $37.3M | $24.7M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Vuzix Corp passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 9 | 4 / 8 | 3 / 8 | 4 / 8 | 4 / 8 | 3 / 8 | 4 / 8 | 3 / 8 | 4 / 8 |
| Accruals ratio | β21.7% | β12.9% | 2.2% | β13.0% | β9.9% | β13.3% | β11.6% | β22.0% | β79.3% | β33.9% |
| Altman Z'' | β8.71 | β8.59 | β4.08 | β13.02 | 4.86 | 31.45 | 3.32 | 3.40 | β20.39 | β29.52 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.1M | $5.5M | $8.1M | $6.7M | $11.6M | $13.2M | $11.8M | $12.1M | $5.8M | $6.3M |
| Provision for credit losses | β | β | β | β | β | β | β | $1.6M | $1.0M | β |
| Gross profit | β$1.2M | β$0.7M | $1.8M | β$4.4M | $0.6M | $1.6M | $1.5M | β$2.6M | β$5.6M | β$1.1M |
| Research and development | $6.9M | $6.7M | $10.4M | $8.9M | $7.6M | $11.7M | $12.7M | $12.3M | $9.6M | $12.6M |
| Operating income | β$18.5M | β$19.4M | β$21.9M | β$26.6M | β$19.1M | β$40.0M | β$42.2M | β$52.3M | β$74.0M | β$32.5M |
| Interest expense | $0.1M | $0.1M | $0.0M | β | β | β | β | β | β | β |
| Pretax income | β$19.3M | β$19.6M | β$21.9M | β$26.5M | β$18.0M | β$40.4M | β$40.8M | β$50.1M | β$73.5M | β$32.3M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | β | β | $0.0M | $0.0M | $0.0M |
| Net income | β$19.3M | β$19.6M | β$21.9M | β$26.5M | β$18.0M | β$40.4M | β$40.8M | β$50.1M | β$73.5M | β$32.3M |
| Net income to common | β$20.9M | β$21.3M | β$23.7M | β$28.4M | β$20.0M | β$40.4M | β$40.8M | β$50.1M | β$73.5M | β$32.3M |
| Diluted EPS | $1.23 | $1.02 | $0.87 | β$0.94 | β$0.53 | β$0.66 | β$0.64 | β$0.79 | β$1.08 | β$0.42 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.04B | 0.06B | 0.06B | 0.06B | 0.07B | 0.08B |
| Cash flow | ||||||||||
| Cash from operations | β$14.4M | β$16.5M | β$22.5M | β$22.4M | β$14.0M | β$27.0M | β$24.5M | β$26.3M | β$23.7M | β$18.8M |
| Capital expenditure | $2.0M | $1.7M | $1.4M | $1.9M | $0.5M | $3.8M | $1.7M | $5.3M | $1.4M | $2.0M |
| Free cash flow | β$16.4M | β$18.1M | β$23.9M | β$24.3M | β$14.5M | β$30.8M | β$26.2M | β$31.6M | β$25.1M | β$20.8M |
| Depreciation and amortization | $0.8M | $1.0M | $1.5M | $2.4M | $1.1M | $1.0M | $1.8M | $3.8M | $3.0M | $1.6M |
| Stock-based compensation | $0.8M | $1.9M | $2.3M | $1.5M | $2.8M | $17.3M | $15.8M | $12.7M | $11.6M | $5.3M |
| Acquisitions | β | β | β | β | β | β | $2.3M | β | β | β |
| Share buybacks | β | β | β | β | β | β | $2.0M | $0.5M | β | β |
| Dividends and buybacks | β | β | β | β | β | β | $2.0M | $0.5M | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $14.5M | $14.9M | $17.3M | $10.6M | $36.1M | $120M | $72.6M | $26.6M | $18.2M | $21.2M |
| Total debt | $1.4M | $0.0M | β | $1.6M | β | β | β | β | β | β |
| Current assets | $18.2M | $21.2M | $27.4M | $19.1M | $45.1M | $137M | $90.6M | $41.5M | $26.7M | $27.2M |
| Current liabilities | $4.4M | $5.5M | $4.7M | $2.6M | $3.1M | $4.2M | $15.3M | $5.2M | $2.1M | $4.9M |
| Inventory | $2.7M | $3.9M | $7.3M | $5.7M | $6.1M | $12.2M | $11.3M | $9.0M | $4.8M | $2.2M |
| Property and equipment, net | $3.4M | $4.1M | $4.3M | $4.3M | $2.8M | $5.2M | $3.9M | $8.1M | $7.6M | $7.6M |
| Goodwill | β | β | β | β | β | β | $1.6M | β | β | β |
| Intangible assets | $0.5M | $0.8M | $1.2M | $1.3M | $1.6M | $2.0M | $2.2M | $2.6M | $3.0M | $3.4M |
| Total assets | $22.3M | $26.8M | $35.1M | $28.4M | $52.5M | $148M | $131M | $86.1M | $39.4M | $40.1M |
| Total liabilities | $4.6M | $5.5M | $4.7M | $4.2M | $4.2M | $4.7M | $15.6M | $5.4M | $2.1M | $5.4M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | β | β | β | β | β |
| Shareholders' equity | $17.7M | $21.4M | $30.5M | $24.2M | $48.3M | $144M | $115M | $80.8M | $37.3M | $24.7M |
| Margins | ||||||||||
| Gross margin | β54.7% | β12.2% | 21.8% | β66.1% | 5.2% | 11.9% | 12.5% | β21.7% | β97.3% | β16.9% |
| Operating margin | β871.3% | β349.5% | β270.1% | β398.3% | β165.2% | β303.7% | β356.8% | β431.2% | β1,285.4% | β517.6% |
| EBITDA margin | β835.1% | β331.5% | β251.9% | β361.7% | β155.4% | β296.2% | β341.7% | β399.5% | β1,233.4% | β492.1% |
| Net margin | β904.9% | β354.5% | β270.3% | β396.9% | β155.0% | β306.7% | β344.4% | β413.5% | β1,277.9% | β513.9% |
| FCF margin | β772.6% | β327.7% | β295.4% | β363.6% | β124.9% | β233.9% | β221.7% | β260.5% | β436.1% | β331.2% |
| Returns | ||||||||||
| Return on capital | β318.0% | β235.6% | β | β138.0% | β | β | β | β | β | β |
| Return on capital employed | β103.4% | β90.5% | β71.8% | β102.9% | β38.7% | β27.7% | β36.5% | β64.6% | β198.4% | β92.4% |
| Return on equity | β108.6% | β100.4% | β84.4% | β96.8% | β49.5% | β42.1% | β31.5% | β51.1% | β124.5% | β104.1% |
| Return on assets | β86.1% | β79.8% | β70.6% | β83.3% | β44.4% | β40.2% | β29.2% | β46.2% | β117.1% | β81.2% |
| Return on tangible equity | β121.4% | β103.8% | β80.9% | β123.8% | β42.8% | β28.5% | β36.5% | β64.2% | β214.4% | β151.7% |
| Growth | ||||||||||
| Revenue growth | β | 160.3% | 46.2% | β17.6% | 73.6% | 13.7% | β10.1% | 2.5% | β52.6% | 9.1% |
| EPS growth | β | β17.1% | β14.7% | β208.0% | β | β | β | β | β | β |
| Share count change | β | 24.3% | 29.4% | 11.6% | 25.6% | 60.4% | 4.2% | β0.4% | 6.9% | 14.4% |
| Financial health | ||||||||||
| Debt / equity | 0.1x | 0.0x | β | 0.1x | β | β | β | β | β | β |
| Interest coverage | β141.4x | β219.4x | β1,132.7x | β | β | β | β | β | β | β |
| Current ratio | 4.1x | 3.9x | 5.9x | 7.2x | 14.6x | 33.0x | 5.9x | 8.0x | 12.7x | 5.6x |
| Quick ratio | 3.5x | 3.2x | 4.3x | 5.1x | 12.6x | 30.1x | 5.2x | 6.2x | 10.4x | 5.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 95.9% | 30.4% | 16.9% | 28.5% | 4.3% | 28.9% | 14.6% | 43.9% | 23.6% | 32.1% |
| Stock comp / revenue | 35.6% | 33.4% | 28.1% | 22.5% | 24.2% | 131.4% | 133.3% | 104.8% | 201.0% | 84.9% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 4.0 | 3.0 | 4.0 | 4.0 | 3.0 | 4.0 | 3.0 | 4.0 |
| Altman Z'' | β8.7 | β8.6 | β4.1 | β13.0 | 4.9 | 31.5 | 3.3 | 3.4 | β20.4 | β29.5 |
| Accruals ratio | β21.7% | β12.9% | 2.2% | β13.0% | β9.9% | β13.3% | β11.6% | β22.0% | β79.3% | β33.9% |
Source: SEC EDGAR XBRL filings (CIK 0001463972). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
