Company Analysis

MicroVision, Inc. (MVIS)

Nasdaq: MVIS · Electronic Components, NEC · Redmond, WA · filing with the SEC since 1996
Grade2.0
◀ Past 0.7● Present 2.2▶ Future 3.1
1 est.

The grade of MicroVision, Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.0/10
◀ Past0.730% of the headline
● Present2.240% of the headline
▶ Future3.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

0.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.4/10

Has it survived what it has been through?

8 warning events since 2017; the latest 2026-06-12.

weight 33% of this tense · 4th percentile among 12 sector filers · read for itself

From the record

MicroVision, Inc.'s filings since 2017 show 8 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-06-12); an auditor change (8-K item 4.01, the latest 2025-06-04); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2023-03-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.0/10

What has it actually done, year after year?

-22.9% a year over 9 filed years; profitable in 0 of 9.

weight 45% of this tense · 10th percentile among 12 sector filers · read for its customers

From the record

MicroVision, Inc.'s 9 filed years say what it did: revenue went from $10 million in fiscal 2017 to $1 million in fiscal 2025, down 22.9% a year; it rose in 2 of 8 years; the deepest fall was 96% from fiscal 2018 to fiscal 2022; net income was positive in 0 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-22.9%bottom 4% of its family
  • the share of years revenue rosebottom 21% of its family
  • the share of filed years with a profitbottom 4% of its family
  • the deepest fall from a revenue peak96.2%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.4/10

How has it treated the people who own it?

SI estimate 0.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 4th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 4% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 12 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: MicroVision, Inc.'s shareholder treatment is put at 0.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 4% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.2/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
1.7/10

Is it financially healthy right now?

ROE -171%: lost 171¢ per shareholder dollar. Leverage 46%: owes 46¢ per asset dollar.

weight 45% of this tense · 17th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, MicroVision, Inc. lost about 171 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 17 cents per dollar of everything the company owns. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 30.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitybottom 4% of its family
  • gross profit against assetsbottom 5% of its family
  • the share count against the year beforebottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 12 in its family; net margin -7862.7%.

weight 33% of this tense · 35th percentile among 12 sector filers · read for its customers

From the record

MicroVision, Inc.'s standing among 12 graded names in its industry family: revenue of $1 million in fiscal 2025 ranks in the bottom 5% by size; a net margin of -7862.7% ranks in the bottom 4%; revenue growth of 22.1% a year over the last 3 filed years ranks in the top 5% (its annual reports).

What it rests on

  • revenue against the family$1.2Mbottom 5% of its family
  • net margin-7862.7%bottom 4% of its family
  • three-year revenue growth22.1%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.2/10

What are the people in charge doing?

bottom 12% of 10 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 12th percentile among 10 sector filers · read for its shareholders

From the record

MicroVision, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Devos, Glen W. (CEO, as filed), filing under that title since 2026-03-16, 8 months (bottom 6% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 2.4 years (bottom 6%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 12 peoplebottom 25% of its family
  • the median years the people in charge have filed2.4 yearsbottom 6% of its family
  • the chief executive's years on the record8 monthsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.0/10

How much room does it have to grow?

bottom 40% of 12 in its family for room to expand.

weight 45% of this tense · 40th percentile among 12 sector filers · read for itself

From the record

MicroVision, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $32 million against debt of $19 million leaves 12.8% of its assets as net cash, top 46% of its family; cash from operations less capital spending is -4917.1% of revenue (bottom 4%); a gross margin of -1435.4% (bottom 5%); research spending of 2625.8% of revenue (top 5%) (its annual report).

What it rests on

  • cash less debt against assets12.8%top 46% of its family
  • cash from operations less capital spending against revenue-4917.1%bottom 4% of its family
  • gross margin-1435.4%bottom 5% of its family
  • research spending against revenue2625.8%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.2/10

What could actually drive growth from here?

bottom 32% of 12 in its family for growth drivers.

weight 33% of this tense · 32nd percentile among 12 sector filers · read for its customers

From the record

MicroVision, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.1% a year over the last three filed years against -22.9% over all 9, speeding up (top 5% of its family); the newest year grew -74.3% (bottom 4%); research spending grew 1.4% a year (bottom 23%); capital spending grew -46.2% a year (bottom 5%) (its annual reports). MicroVision, Inc. reported 3 lines of business in fiscal 2025: Product Revenue at $610 thousand (51%), License and Royalty Revenue at $550 thousand (46%), Contract Revenue at $48 thousand (4%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+44.9 points a yeartop 5% of its family
  • the newest year's revenue growth-74.3%bottom 4% of its family
  • three-year growth of research spending1.4%bottom 23% of its family
  • three-year growth of capital spending-46.2%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.3/10

Did its newest year beat what its own record pointed to?

bottom 13% of 12 in its family for expectations against reality.

weight 22% of this tense · 13th percentile among 12 sector filers · read for its shareholders

From the record

MicroVision, Inc.'s newest year against its own record: revenue of $1 million in fiscal 2025 came in 90.3% below the $12 million its prior three years' pace pointed to (bottom 5% of its family); net income of $95 million against a prior three-year average of $78 million (bottom 29%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-90.3%bottom 5% of its family
  • net income against the prior three years' average-22%bottom 29% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MVIS · research, not advice