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Saturday 7 November 2026
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Microvision, Inc.
MVIS Technology Scientific & Technical Instruments
Microvision, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 million, down 74.3% from fiscal 2024.
- Revenue
- +895.9%
- EPS
- +40.0%
- Free cash flow
- +9.71%
- Total debt
- −54.8%
Quarter to September 2026, against a year earlier
1.16
0.02
+1.75%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 15 | 10 | 18 | 9 | 3 | 3 | 1 | 7 | 5 | 1 | 5 | (24.3%) | 14 | 20 | 37 | +212.9% | |
| Gross margin, % | 29.72 | (2.37) | 39.58 | 3.62 | 54.76 | 99.92 | 84.94 | 61.81 | (60.35) | (1,435.43) | (276.25) | (1,465.1) pt | ||||||
| EBT | (16) | (25) | (27) | (26) | (14) | (43) | (53) | (82) | (96) | (95) | (112) | +21.5% | ||||||
| EBT margin, % | (111.59) | (264.54) | (154.77) | (298.03) | (441.23) | (1,728.00) | (7,995.63) | (1,125.44) | (2,052.98) | (7,869.62) | (2,231.11) | (7,758.0) pt | ||||||
| Net income | (16) | (25) | (27) | (26) | (14) | (43) | (53) | (83) | (97) | (95) | (112) | +21.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 4.26 | 1.98 | 3.03 | 1.20 | 0.33 | 0.23 | 0.06 | 0.60 | 0.34 | 0.07 | 0.18 | (37.0%) | |||||
| Earnings | (4.80) | (4.95) | (4.65) | (3.60) | (1.50) | (4.05) | (4.80) | (6.75) | (6.90) | (5.25) | (5.11) | +1.0% | ||||||
| Cash flow | (4.28) | (3.19) | (3.89) | (3.24) | (1.72) | (2.74) | (3.43) | (5.50) | (4.90) | (3.22) | (2.36) | (3.1%) | ||||||
| Capex | (0.26) | (0.63) | (0.19) | (0.10) | 0.01 | (0.23) | (0.39) | (0.16) | (0.03) | (0.04) | (0.08) | (19.3%) | ||||||
| Free cash flow | (4.53) | (3.81) | (4.08) | (3.34) | (1.71) | (2.98) | (3.83) | (5.66) | (4.93) | (3.26) | (2.43) | (3.6%) | ||||||
| Book value | 2.16 | 2.08 | 0.71 | (0.54) | 0.97 | 10.52 | 8.11 | 7.86 | 3.49 | 3.05 | 0.83 | +3.9% | ||||||
| Shares, m | 3 | 5 | 6 | 7 | 9 | 11 | 11 | 12 | 14 | 18 | 22 | +20.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 4.54 | 12.40 | 2.99 | 9.02 | 243.58 | 312.38 | 327.73 | 65.26 | 58.47 | 187.31 | 6.37 | 122.4 | ||||||
| P/B | 8.97 | 11.84 | 12.77 | 0.00 | 83.55 | 7.14 | 4.46 | 4.94 | 5.63 | 4.07 | 1.41 | 14.3 | ||||||
| EV/Sales | 3.52 | 10.64 | 2.21 | 8.44 | 238.65 | 267.79 | 271.33 | 56.44 | 44.38 | 124.98 | 0.58 | 102.8 | ||||||
| EV/FCF | (3.30) | (5.53) | (1.64) | (3.03) | (46.23) | (21.64) | (7.82) | (5.94) | (3.02) | (2.54) | (0.04) | (10.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (15) | (15) | (23) | (24) | (16) | (29) | (38) | (67) | (69) | (59) | (65) | +16.5% | |||||
| Capex | (1) | (3) | (1) | (1) | 0 | (2) | (4) | (2) | 0 | (1) | (2) | (3.0%) | ||||||
| Free cash flow | (16) | (19) | (24) | (25) | (16) | (32) | (42) | (69) | (69) | (59) | (67) | +15.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 10 | 4 | (1) | (7) | 8 | 107 | 80 | 66 | 37 | 51 | (9) | +19.7% | |||||
| Net debt | (15) | (17) | (14) | (5) | (15) | (115) | (69) | (77) | (66) | (75) | (29) | +19.5% | ||||||
| Shareholders’ equity | 7 | 10 | 4 | (4) | 9 | 113 | 90 | 96 | 49 | 56 | 23 | +25.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (96.47) | (102.20) | (103.22) | (151.90) | (83.03) | (57.13) | (43.30) | (67.73) | (77.29) | (84.70) | (92.88) | +11.8 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (161.46) | (296.04) | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | (449.99) | (290.28) | (383.73) | (37,886.98) | (541.90) | (70.96) | (52.44) | (89.30) | (134.07) | (182.10) | (197.81) | +267.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 81 | 113 | 107 | 30 | 52 | 96 | 350 | 340 | 185 | 190 | — | +9.9% | |||||
| Revenue/emp, $m | 0.18 | 0.09 | 0.16 | 0.30 | 0.06 | 0.03 | 0.00 | 0.02 | 0.03 | 0.01 | — | (31.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Microvision, Inc. vs peers in Scientific & Technical Instruments (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LGL LGL Group, Inc. (The) | $82.6M | — (loss-making) | — (loss-making) | +24.78% (above 0%: growing) | n/m | −106.84% (below 0%: shrinking) | 66.96% | (38.77%) | Compare |
| SOTK Sono-Tek Corporation | $68.4M | 36.4× | 47.8× | +1.35% (above 0%: growing) | −33.33% (below 0%: shrinking) | +580.50% (above 0%: growing) | 52.88% | 7.29% | Compare |
| WRAP Wrap Technologies, Inc. | $63.2M | — (loss-making) | — (loss-making) | +102.77% (above 0%: growing) | n/m | −21.30% (below 0%: shrinking) | 75.29% | (109.70%) | Compare |
| GNSS Genasys Inc. | $59.7M | — (loss-making) | — (loss-making) | −25.99% (below 0%: shrinking) | n/m | +50.14% (above 0%: growing) | 57.09% | (55.33%) | Compare |
| ARBE Arbe Robotics Ltd. | $52.6M | — (loss-making) | — (loss-making) | +156.57% (above 0%: growing) | n/m | −1.18% (below 0%: shrinking) | (0.85%) | (1,398.86%) | Compare |
| MVIS Microvision, Inc. | $38.8M | — (loss-making) | — (loss-making) | +895.85% (above 0%: growing) | n/m | +9.71% (above 0%: growing) | 49.96% | (889.29%) | |
| ACFN Acorn Energy Inc. | $36.5M | 16.5× | — | +4.56% (above 0%: growing) | +270.00% (above 0%: growing) | +11.51% (above 0%: growing) | 80.55% | 7.33% | Compare |
| ODYS Odysight.ai Inc. | $35.2M | — (loss-making) | — (loss-making) | +16.02% (above 0%: growing) | n/m | −7.02% (below 0%: shrinking) | 37.86% | (1,078.81%) | Compare |
| MIND MIND Technology, Inc. | $29.7M | — (loss-making) | — (loss-making) | −58.54% (below 0%: shrinking) | n/m | −41.54% (below 0%: shrinking) | 37.18% | (31.95%) | Compare |
| Median of peers | $56.1M | — | — | +10.29% | — | −4.10% | 54.99% | (47.05%) |
Pay and ownership Proxy statement filed 11 June 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 2.49m | 2.49m | 15.39 |
| 2024 | 6.52m | (30.02k) | 181.95 |
| 2023 | 4.73m | 832.42k | 369.44 |
Ownership
Directors and executive officers, together
1.19%
BlackRock
5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement