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Friday 6 November 2026
Export VUZI’s income statement to Excel — free account
Vuzix Corporation
VUZI Technology Consumer Electronics
Vuzix Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.3 million, up 9.14% from fiscal 2024.
- Revenue
- −14.1%
- EPS
- +10.0%
- Free cash flow
- −23.1%
Quarter to June 2026, against a year earlier
1.89
0.06
+3.28%
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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 Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2 | 6 | 8 | 7 | 12 | 13 | 12 | 12 | 6 | 6 | 6 | +12.8% | 7 | 12 | — | +35.3% | |
| Gross margin, % | (54.70) | (12.22) | 21.85 | (66.08) | 5.16 | 11.91 | 12.53 | (21.72) | (97.31) | (16.92) | (17.93) | +37.8 pt | ||||||
| EBT | (19) | (20) | (22) | (26) | (18) | (40) | (41) | (50) | (74) | (32) | (31) | +5.9% | ||||||
| EBT margin, % | (904.87) | (354.54) | (270.26) | (396.91) | (155.01) | (306.70) | (344.41) | (413.46) | (1,277.90) | (513.85) | (519.05) | +391.0 pt | ||||||
| Net income | (19) | (20) | (22) | (26) | (18) | (40) | (41) | (50) | (74) | (32) | (31) | +5.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.13 | 0.26 | 0.30 | 0.22 | 0.30 | 0.22 | 0.19 | 0.19 | 0.08 | 0.08 | 0.07 | (4.8%) | |||||
| Earnings | (1.23) | (1.02) | (0.87) | (0.94) | (0.53) | (0.66) | (0.64) | (0.79) | (1.08) | (0.42) | (0.39) | (11.3%) | ||||||
| Cash flow | (0.85) | (0.78) | (0.83) | (0.74) | (0.37) | (0.44) | (0.38) | (0.41) | (0.35) | (0.24) | (0.27) | (13.0%) | ||||||
| Capex | (0.13) | (0.13) | (0.12) | (0.10) | (0.04) | (0.08) | (0.30) | (0.26) | (0.04) | (0.03) | (0.03) | (13.9%) | ||||||
| Free cash flow | (0.98) | (0.91) | (0.95) | (0.83) | (0.41) | (0.52) | (0.68) | (0.68) | (0.39) | (0.28) | (0.30) | (13.1%) | ||||||
| Book value | 1.05 | 1.02 | 1.12 | 0.80 | 1.27 | 2.35 | 1.81 | 1.27 | 0.55 | 0.32 | 0.25 | (12.4%) | ||||||
| Shares, m | 17 | 21 | 27 | 30 | 38 | 61 | 64 | 63 | 68 | 78 | 80 | +18.4% | ||||||
| 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 | 57.23 | 23.91 | 16.15 | 9.14 | 29.88 | 40.26 | 19.38 | 11.24 | 46.45 | 46.70 | 25.93 | 30.0 | ||||||
| P/B | 6.87 | 6.19 | 4.29 | 2.52 | 7.16 | 3.69 | 1.99 | 1.69 | 7.17 | 11.88 | 7.26 | 5.3 | ||||||
| EV/Sales | 51.69 | 21.55 | 14.25 | 7.87 | 26.90 | 31.24 | 13.38 | 9.18 | 43.56 | 43.58 | 23.27 | 26.3 | ||||||
| EV/FCF | (6.63) | (6.23) | (4.49) | (2.08) | (20.16) | (12.92) | (3.65) | (2.59) | (9.40) | (12.79) | (5.45) | (8.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (14) | (16) | (23) | (22) | (14) | (27) | (25) | (26) | (24) | (19) | (23) | +3.0% | |||||
| Capex | (2) | (3) | (3) | (3) | (1) | (5) | (19) | (17) | (3) | (3) | (3) | +2.0% | ||||||
| Free cash flow | (17) | (19) | (26) | (25) | (15) | (32) | (43) | (43) | (27) | (21) | (25) | +2.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 14 | 16 | 23 | 16 | 42 | 133 | 75 | 36 | 25 | 22 | 18 | +5.5% | |||||
| Net debt | (13) | (15) | (17) | (11) | (36) | (120) | (73) | (27) | (18) | (21) | (17) | +5.5% | ||||||
| Shareholders’ equity | 18 | 21 | 30 | 24 | 48 | 144 | 115 | 81 | 37 | 25 | 21 | +3.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (99.60) | (86.82) | (76.48) | (89.36) | (49.45) | (40.19) | (29.16) | (46.17) | (117.14) | (81.37) | (85.45) | +18.2 pt | |||||
| ROIC | (251.60) | (186.39) | (103.56) | (121.78) | (97.72) | (106.22) | (61.49) | (60.27) | (241.97) | (575.35) | (505.09) | (323.7) pt | ||||||
| ROE | (123.44) | (109.19) | (91.43) | (103.87) | (55.16) | (42.05) | (31.45) | (51.10) | (124.55) | (104.35) | (123.27) | +19.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 50 | 61 | 80 | 88 | 97 | 106 | 109 | 94 | 76 | 88 | — | +6.5% | |||||
| Revenue/emp, $m | 0.04 | 0.09 | 0.10 | 0.08 | 0.12 | 0.12 | 0.11 | 0.13 | 0.08 | 0.07 | — | +5.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Vuzix Corporation vs peers in Consumer Electronics (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 |
|---|---|---|---|---|---|---|---|---|---|
| SONO Sonos, Inc. | $1.9B | 34.1× | 25.3× | +8.85% (above 0%: growing) | n/m | +23.26% (above 0%: growing) | 50.45% | 8.40% | Compare |
| TBCH Turtle Beach Corporation | $298.2M | — (loss-making) | 27.6× | +5.28% (above 0%: growing) | +166.67% (above 0%: growing) | +53.77% (above 0%: growing) | 34.94% | 6.95% | Compare |
| GPRO GoPro, Inc. | $186.9M | — (loss-making) | — (loss-making) | −31.26% (below 0%: shrinking) | n/m | −242.66% (below 0%: shrinking) | 30.17% | (37.15%) | Compare |
| FXHO UTime Limited | $156.0M | — (loss-making) | — | +1.06% (above 0%: growing) | n/m | −341.47% (below 0%: shrinking) | 23.95% | 0.00% | Compare |
| VUZI Vuzix Corporation | $154.5M | — (loss-making) | — (loss-making) | −14.06% (below 0%: shrinking) | n/m | −23.09% (below 0%: shrinking) | (57.96%) | (696.34%) | |
| UEIC Universal Electronics Inc. | $62.6M | — (loss-making) | — (loss-making) | −1.25% (below 0%: shrinking) | n/m | +13.81% (above 0%: growing) | 26.34% | 3.19% | Compare |
| AXIL AXIL Brands, Inc. | $35.4M | 13.3× | — | −11.17% (below 0%: shrinking) | +20.00% (above 0%: growing) | +531.52% (above 0%: growing) | 82.62% | 7.18% | Compare |
| KOSS Koss Corporation | $28.7M | — (loss-making) | 53.5× | −23.99% (below 0%: shrinking) | n/m | −227.85% (below 0%: shrinking) | 39.49% | (12.95%) | Compare |
| ZEPP Zepp Health Corporation Sponsored ADR | $18.8M | — (loss-making) | — (loss-making) | +6.93% (above 0%: growing) | n/m | −103.70% (below 0%: shrinking) | 37.35% | (19.37%) | Compare |
| Median of peers | $109.3M | — | 27.6× | −0.10% | — | −44.94% | 36.15% | 1.60% |
Pay and ownership Proxy statement filed 28 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 1.45m | (2.20m) | 185.00 |
| 2024 | 1.04m | 4.43m | 108.00 |
Ownership
Directors and executive officers, together
7.30%
Quanta Computer Inc.
13.60%
State Street Corporation
8.70%
BlackRock, Inc.
5.40%
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