VUZINasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
Vuzix Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.20+0.07 (+3.29%)
Close on Oct 19, 2026
- Market cap
- $184.21M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
-16.9%−22.1 pts over 5 years
Operating margin
-517.6%−352.4 pts over 5 years
Net margin
-513.9%−358.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.1% | -19.0% | -11.5% | +8.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -113.9% | -49.5% | -104.1% | |
| Return on assets | -91.9% | -44.4% | -81.2% | |
| Current ratio | 4.12 | 14.56 | 5.56 | |
| Debt to equity | 0.08 | – | – | |
| Net debt to EBITDA | 0.74× | – | – | |
| Interest coverage | -141.4× | – | – | |
| Inventory turnover | 1.1× | 1.9× | 2.1× | |
| Capex to revenue | 95.9% | 4.3% | 32.1% | |
| Diluted shares | 17M | 38M | 78M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Vuzix generated $120.31M from operations and spent $16.71M on capital expenditure, dividends and share buybacks. 85% of that went back into the business.
Generated
$120.31M
Used
$16.71M
Capital expenditure$14.23M85%Dividends$00%Share buybacks$2.48M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-513.9%
×Asset turnover0.16×
×Equity multiplier1.28×
=Return on equity, FY2025-104.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -513.9% | 0.16× | 1.28× | -104.1% |
| FY2024 | -1277.9% | 0.09× | 1.06× | -124.5% |
| FY2023 | -413.5% | 0.11× | 1.11× | -51.1% |
| FY2022 | -344.4% | 0.08× | 1.08× | -31.5% |
| FY2021 | -306.7% | 0.13× | 1.05× | -42.1% |
| FY2020 | -155.0% | 0.29× | 1.12× | -49.5% |
| FY2019 | -396.9% | 0.21× | 1.16× | -96.8% |
| FY2018 | -270.3% | 0.26× | 1.20× | -84.4% |
| FY2017 | -354.5% | 0.23× | 1.26× | -100.4% |
| FY2016 | -904.9% | 0.10× | 1.24× | -113.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$32.27M
- Cash generatingOperating cash flow above zero-$18.79M
- Return on assets improvedROA up on the prior year-85.4% → -81.9%
- Earnings backed by cashOperating cash flow above net income-$18.79M vs -$32.27M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose12.65 → 5.56
- No dilutionShare count did not rise68M → 78M
- Gross margin improvedGross margin up on the prior year-97.31% → -16.92%
- More efficientAsset turnover rose0.07 → 0.16