15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 11.5% per year over the past 5 years.
Operating margin has contracted, at -517.6% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.0 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$6M
-$32M
-16.9%
-517.6%
-130.8%
-80.5%
-$21M
—
$21M
2024
$6M
-$74M
-97.3%
-1285.4%
-197.2%
-186.6%
-$25M
—
$18M
2023
$12M
-$50M
-21.7%
-431.2%
-62.1%
-58.2%
-$32M
—
$27M
2022
$12M
-$41M
12.5%
-356.8%
-35.3%
-31.1%
-$26M
—
$73M
2021
$13M
-$40M
11.9%
-303.7%
-28.1%
-27.2%
-$31M
—
$120M
2020
$12M
-$18M
5.2%
-165.2%
-37.2%
-34.2%
-$14M
—
$36M
2019
$7M
-$26M
-66.1%
-398.3%
-109.2%
-93.1%
-$24M
—
$11M
2018
$8M
-$22M
21.8%
-270.1%
-71.8%
-62.3%
-$24M
—
$17M
2017
$6M
-$20M
-12.2%
-349.5%
-91.8%
-73.2%
-$18M
$0
$15M
2016
$2M
-$19M
-54.7%
-871.3%
-108.6%
-86.1%
-$16M
$1M
$15M
2015
—
-$13M
—
—
-83.4%
-68.6%
-$14M
$1M
$12M
2014
—
$8M
—
—
-54.7%
219.3%
-$5M
$1M
$84967
2013
—
-$10M
—
—
77.8%
-354.5%
-$5M
$269816
$310140
2012
—
$322840
—
—
-5.2%
13.3%
-$3M
$3M
$66554
2011
—
-$4M
—
—
56.8%
-66.7%
-$2M
$6M
$417976
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1M
-$8M
-58.0%
-696.3%
-36.1%
-21.7%
-$7M
—
$17M
Mar '26
$1M
-$7M
-27.2%
-517.9%
-29.5%
-18.4%
-$7M
—
$20M
Dec '25
$2M
-$9M
16.7%
-373.8%
-34.9%
-21.5%
-$6M
—
$21M
Sep '25
$1M
-$7M
-35.4%
-645.5%
-26.4%
-17.3%
-$5M
—
$23M
Jun '25
$1M
-$8M
-58.8%
-606.3%
-26.6%
-20.8%
-$6M
—
$17M
Mar '25
$2M
-$9M
-16.8%
-555.0%
-26.3%
-24.2%
-$4M
—
$15M
Dec '24
$1M
-$14M
-389.5%
-1088.8%
-36.6%
-34.7%
-$4M
—
$18M
Sep '24
$1M
-$9M
-18.8%
-670.9%
-23.3%
-22.0%
-$5M
—
$14M
Jun '24
$1M
-$41M
-30.5%
-3726.5%
-114.7%
-106.2%
-$6M
—
$10M
Mar '24
$2M
-$10M
-2.7%
-503.6%
-13.7%
-13.1%
-$9M
—
$17M
Dec '23
$1M
-$20M
-397.8%
-1913.2%
-24.6%
-23.1%
-$8M
—
$27M
Sep '23
$2M
-$11M
-10.9%
-524.4%
-11.5%
-10.9%
-$9M
—
$38M
Jun '23
$5M
-$9M
20.7%
-204.8%
-8.7%
-8.2%
-$8M
—
$49M
Mar '23
$4M
-$10M
20.9%
-258.8%
-9.4%
-8.4%
-$6M
—
$63M
Dec '22
$3M
-$11M
-4.3%
-409.0%
-9.3%
-8.2%
-$3M
—
$73M
Sep '22
$3M
-$9M
25.3%
-290.8%
-7.5%
-6.8%
-$9M
—
$90M
Jun '22
$3M
-$10M
8.7%
-332.5%
-7.6%
-6.9%
-$8M
—
$101M
Mar '22
$3M
-$11M
19.1%
-416.1%
-7.7%
-7.5%
-$6M
—
$113M
Dec '21
$3M
-$11M
-0.4%
-341.4%
-8.0%
-7.7%
-$8M
—
$120M
Sep '21
$3M
-$10M
12.0%
-343.6%
-6.9%
-6.7%
-$9M
—
$129M
Valuation over time
How the market has priced VUZI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 29.4× (Mar '23) to 32.8× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is VUZI growing its revenue and profit?
Over the past 5 years, Vuzix Corp's revenue has declined 11.5% per year. These are computed facts, not advice.
How much debt does VUZI have?
As of FY2025, Vuzix Corp reported — of total debt against $21M of cash.
What is VUZI's profit margin?
In FY2025, gross margin was -16.9%, operating margin -517.6%, and net margin -513.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.