VUZI · XBRL financial data

Vuzix financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (VUZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	11,581	13,165	11,836	12,129	5,755	6,281
Cost of revenue	9,654	10,714	10,353	14,764	11,354	7,343
Gross profit	1,928	2,451	1,483	(2,635)	(5,600)	(1,062)
Research and development	7,568	11,675	12,677	12,340	9,626	12,626
General and administrative	6,915	22,503	21,039	18,592	17,230	11,632
Total operating expenses	21,055	42,431	43,715	49,667	68,372	31,446
Operating income (loss)	(19,127)	(39,980)	(42,232)	(52,302)	(73,971)	(32,508)
Interest income	41	54	1,396	2,219	591	672
Income tax expense (benefit)	0	—	—	0	0	0
Net income (loss)	(17,952)	(40,377)	(40,764)	(50,149)	(73,538)	(32,273)
Earnings per share, basic USD per share	(0.53)	(0.66)	(0.64)	(0.79)	(1.08)	(0.42)
Earnings per share, diluted USD per share	(0.53)	(0.66)	(0.64)	(0.79)	(1.08)	(0.42)
Weighted average shares, basic thousands of shares	38,110	61,125	63,709	63,432	67,836	77,596
Weighted average shares, diluted thousands of shares	38,110	61,125	63,709	63,432	67,836	77,596

Fiscal years (VUZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	36,070	120,204	72,564	26,556	18,187	21,150
Accounts receivable	1,389	2,242	3,559	3,828	1,610	1,628
Inventory	6,101	12,152	11,268	9,000	4,813	2,189
Prepaid and other current assets	739	2,048	2,116	1,339	1,067	1,060
Total current assets	45,055	137,150	91,241	41,500	26,722	27,196
Property and equipment, net	2,837	5,190	3,879	8,073	7,584	7,626
Right-of-use asset	1,517	1,117	956	301	494	1,003
Goodwill	—	—	1,601	—	—	—
Total assets	52,471	148,467	132,313	86,148	39,405	40,072
Accounts payable	1,517	2,055	1,212	1,571	538	685
Accrued liabilities	983	1,419	1,671	2,416	946	3,590
Total current liabilities	3,095	4,156	15,277	5,216	2,112	4,888
Lease liability, non-current	1,073	583	305	138	—	502
Total liabilities	4,168	4,739	15,583	5,354	2,112	5,390
Accumulated deficit	(162,695)	(203,072)	(243,836)	(293,985)	(367,523)	(399,858)
Total stockholders' equity	48,303	143,728	116,730	80,794	37,293	24,681
Total liabilities and equity	52,471	148,467	132,313	86,148	39,405	40,072
Common shares outstanding (cover page) thousands of shares	57,887	63,672	63,208	64,725	76,242	83,158

Fiscal years (VUZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(17,952)	(40,377)	(40,764)	(50,149)	(73,538)	(32,273)
Stock-based compensation	2,806	17,303	15,776	12,711	11,565	5,330
Net cash from operating activities	(13,964)	(26,980)	(24,521)	(26,278)	(23,739)	(18,789)
Purchases of property and equipment	497	3,809	1,724	5,323	1,359	2,013
Net cash from investing activities	(1,486)	(4,852)	(21,171)	(19,281)	(2,920)	(2,618)
Proceeds from issuing common stock	25,199	91,614	—	—	8,179	14,287
Share repurchases	—	—	2,006	471	—	—
Net cash from financing activities	40,913	115,967	(1,948)	(450)	18,290	24,371
Net change in cash	25,463	84,134	(47,640)	(46,008)	(8,369)	2,964

SIC 3663 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3663 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Vuzix	17,298	1,113	(6,597)*	84.4M	2.6 quarters	Q2 FY26 10-QJun 30, 2026
Unusual Machines	229,599	16,722	(21,479)*	50.0M	10.7 quarters	Q2 FY26 10-QJun 30, 2026
Satellogic	112,809	15,919	(8,630)*	not reported	13.1 quarters	Q2 FY26 10-QJun 30, 2026
Comtech Telecommunications	34,978	(74,184)*	18,356*	30.1M	—	Q4 FY26 10-KJul 31, 2026
BK Technologies	29,917	not reported	627*	3.8M	—	Q2 FY26 10-QJun 30, 2026
Turtle Beach	19,565	56,365	6,492*	17.9M	—	Q2 FY26 10-QJun 30, 2026
Aviat Networks	72,844	not reported	3,086*	12.8M	—	Q4 FY26 10-KJul 3, 2026
Rekor Systems	9,766	not reported	(2,387)*	137.6M	4.1 quarters	Q2 FY26 10-QJun 30, 2026
Clearfield	20,449	43,864	not reported	13.6M	—	Q3 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.