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MVIS

MicroVision, Inc.

MVIS

MicroVision, Inc. • NASDAQ
$0.94 ▲ 0.07% (+0.00)
Market Cap $287.50 M
52w High $1.95
52w Low $0.80
Dividend Yield 0%
P/E -2.62
Volume 2.29M
Outstanding Shares 305.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $241K ▲ $12.005M ▼ $-14.217M ▲ -5.899K% ▲ $-0.05 ▲ $-10.797M ▼
Q2-2025 $155K ▼ $14.095M ▲ $-14.229M ▲ -9.18K% ▼ $-0.056 ▲ $-9.91M ▲
Q1-2025 $589K ▼ $14.079M ▲ $-28.779M ▲ -4.886K% ▼ $-0.12 ▲ $-12.634M ▲
Q4-2024 $1.65M ▲ $13.013M ▼ $-31.155M ▼ -1.888K% ▲ $-0.14 ▼ $-24.943M ▼
Q3-2024 $190K $15.313M $-15.517M -8.167K% $-0.073 $-14.052M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $99.508M ▲ $150.822M ▲ $60.103M ▼ $90.719M ▲
Q2-2025 $91.407M ▲ $140.617M ▲ $63.513M ▼ $77.104M ▲
Q1-2025 $69.044M ▼ $116.743M ▼ $63.539M ▼ $53.204M ▲
Q4-2024 $74.702M ▲ $121.161M ▲ $72.392M ▲ $48.769M ▼
Q3-2024 $43.202M $88.262M $22.407M $65.855M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.217M ▲ $-16.488M ▼ $-9.394M ▼ $24.475M ▼ $-1.257M ▼ $-16.616M ▼
Q2-2025 $-14.229M ▲ $-12.729M ▲ $-321K ▼ $35.078M ▲ $22.266M ▲ $-12.937M ▲
Q1-2025 $-28.779M ▲ $-14.098M ▲ $3.09M ▼ $8.205M ▼ $-2.722M ▼ $-14.197M ▲
Q4-2024 $-31.155M ▼ $-15.056M ▼ $6.502M ▲ $46.735M ▲ $37.954M ▲ $-15.159M ▼
Q3-2024 $-15.517M $-14.091M $3.583M $-16K $-10.417M $-14.082M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
License and Royalty Revenue
License and Royalty Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Product Revenue
Product Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Contract Revenue
Contract Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement MicroVision is still very much in the “build” phase rather than the “earnings” phase. Revenue over the past several years has been minimal, while operating losses have been consistent and have generally grown over time. The business model today is clearly R&D‑driven and pre‑scale, with costs for engineering, staff, and commercialization efforts far outweighing any current sales. Earnings per share have been negative for years, reflecting a company investing heavily ahead of expected future demand rather than one generating steady profit today.

Balance Sheet

Balance Sheet The balance sheet shows a small but meaningful asset base, with a notable portion held in cash. Debt is present but not overwhelming relative to total assets and equity, suggesting the company is not heavily over‑leveraged at this stage. Equity remains positive, which indicates historical funding from shareholders has so far covered accumulated losses. However, equity has been trending down as losses accumulate, which is a reminder that the current structure can support only a limited number of years of ongoing losses without new capital or a shift toward higher revenue.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, mirroring the recurring losses on the income statement. Free cash flow tracks closely with operating cash flow, as capital spending has been modest. This pattern is typical of an early‑stage, innovation‑focused hardware and software company but does mean the business relies on external financing or new equity to fund its roadmap. In practical terms, MicroVision is steadily burning cash to advance its technology and product portfolio, and the timing of any future commercial scale‑up will be important for long‑term sustainability.

Competitive Edge

Competitive Edge MicroVision is positioned as a specialized lidar and perception technology provider with several notable strengths. It has a long history in MEMS‑based laser scanning, a large patent portfolio, and technology already validated in demanding applications like augmented reality headsets. The acquisition of Ibeo added mature automotive‑grade perception software, allowing MicroVision to offer a combined hardware‑plus‑software package rather than just sensors. Partnerships with established automotive suppliers give it a credible path to mass production. At the same time, lidar and ADAS are highly competitive fields with many well‑funded players, long sales cycles, and heavy dependence on winning design slots with automakers. That makes MicroVision’s future market share and pricing power uncertain, even with strong technology in hand.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of MicroVision’s strategy. The company has spent years refining its MEMS‑based lidar, adding dynamic scanning capabilities and compact designs tailored for vehicles. Its portfolio now spans different sensor families, perception software, and a tri‑lidar architecture intended to cover full‑vehicle surroundings efficiently. The moves to acquire Ibeo and the assets of Scantinel show a deliberate push to broaden from classic lidar into advanced software and next‑generation FMCW lidar, which could be important for long‑range and commercial vehicle use. The roadmap includes specific future product launches and system offerings aimed at mid‑decade and beyond, which underlines both the ambition and the long development cycle. The key uncertainty is execution: turning deep R&D and IP into wide commercial adoption in an industry that moves slowly and demands rigorous validation.

Summary

MicroVision today looks like a technology platform in search of large‑scale commercial rollout. Financially, it is still pre‑profit with minimal revenue and ongoing cash burn, supported by a modest balance sheet and manageable debt levels. Strategically, its strengths lie in a deep patent portfolio, specialized MEMS lidar expertise, integrated hardware‑software offerings, and relationships with automotive partners. The product roadmap and recent acquisitions push it into promising segments of the ADAS and autonomous driving stack, including emerging FMCW lidar. The main questions ahead are not about whether the company innovates—it clearly does—but whether it can secure major design wins, ramp production through partners, and reach a scale where that innovation translates into meaningful and sustainable revenue before its financial resources need substantial replenishment.

NEWS

November 11, 2025 · 4:05 PM UTC

MicroVision Announces Third Quarter 2025 Results

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November 10, 2025 · 4:05 PM UTC

MicroVision Collaborates with Leading Photonics Ecosystem to Acquire FMCW Lidar Business

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November 6, 2025 · 9:20 AM UTC

MicroVision Establishes New Aerial Systems Team and Virginia Office to Support Defense

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November 4, 2025 · 9:20 AM UTC

MicroVision To Announce Third Quarter 2025 Results on November 11, 2025

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September 4, 2025 · 9:20 AM UTC

MicroVision Appoints Glen DeVos as Chief Executive Officer

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