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Innovative Eyewear (LUCYW) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Innovative Eyewear (LUCYW) Q2 2026 earnings results →

Q2 2026 Revenue up 74% year over year to $1.0M · 165¢ of every $1 of revenue lost · operating margin -165.3%

Innovative Eyewear made $1.0M in Q2 2026 (+74% Y/Y): E-commerce channels $897K, Wholesale channels $108K, App store subscriptions $5K. Operating margin -165.3%, net loss $1.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$1.0M
Year over year+74%
Operating margin-165.3%
Net earnings−$1.7M
Operating cash flow−$1.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.0M in Q2 2026, up 74% year over year and up 31% from the previous quarter. E-commerce channels was the largest line at 89% of revenue. E-commerce channels added $332K year over year (up 59%), 77% of the total change.

Gross margin was 24.0%. Operating costs exceeded revenue by $1.7M, an operating margin of -165.3%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $2.3M loss.

Operating cash flow was −$1.9M. Non-cash charges added back $29K of depreciation and amortization and $198K of share-based compensation. Working capital and other items used $421K.

Quarterly history

Innovative Eyewear revenue by quarterInnovative Eyewear revenue by quarter$691KQ4 2024$455KQ1 2025$579KQ2 2025$668KQ3 2025$960KQ4 2025$774KQ1 2026$1.0MQ2 2026
Innovative Eyewear net earnings by quarterInnovative Eyewear net earnings by quarter−$2.1MQ4 2024−$1.8MQ1 2025−$2.1MQ2 2025−$1.8MQ3 2025−$1.9MQ4 2025−$2.3MQ1 2026−$1.7MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$1.0M+74%-165.3%−$1.7M−$1.9M
Q1 202610-QMay 14, 2026$774K+70%-298.5%−$2.3M−$2.5M
Q4 202510-KMar 25, 2026$960K+39%-194.8%−$1.9M−$1.4M
Q3 202510-QNov 13, 2025$668K+164%-274.8%−$1.8M−$1.5M
Q2 202510-QAug 14, 2025$579K+88%-363.6%−$2.1M−$2.1M
Q1 202510-QMay 13, 2025$455K+18%-391.4%−$1.8M−$2.3M
Q4 202410-KMar 24, 2025$691K+12%-307.8%−$2.1M−$1.9M

Charts

Innovative Eyewear: revenue growth, year over year and quarter over quarterInnovative Eyewear: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q4 2024+18%-34%Q1 2025+88%+27%Q2 2025+164%+15%Q3 2025+39%+44%Q4 2025+70%-19%Q1 2026+74%+31%Q2 2026
Latest (Q2 2026): Y/Y +74%, Q/Q +31%.
Innovative Eyewear: where the cash came from (+) and went (−), TTM to Q2 2026Innovative Eyewear: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$7.2MCash drawn (+) / kept (−)$5.2MOther financing$2.3MOther investing−$262K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Innovative Eyewear: profit against cash, quarter by quarterInnovative Eyewear: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.7M−$1.4MQ3 2024−$2.1M−$1.9MQ4 2024−$1.8M−$2.3MQ1 2025−$2.1M−$2.1MQ2 2025−$1.8M−$1.5MQ3 2025−$1.9M−$1.4MQ4 2025−$2.3M−$2.5MQ1 2026−$1.7M−$1.9MQ2 2026
Latest (Q2 2026): Net income −$1.7M, Operating cash flow −$1.9M.
Innovative Eyewear: diluted shares by fiscal year (split-adjusted)Innovative Eyewear: diluted shares by fiscal year (split-adjusted)20MFY20222MFY20234MFY20244MFY2025
-79.6% since FY2022: buybacks shrank the count; earlier years scaled for the 3-for-1 split before FY2025.
Innovative Eyewear in its industry: growth against margin (7 companies, SIC 3851)Innovative Eyewear in its industry: growth against margin (7 companies, SIC 3851)revenue growth, year over year →↑ operating marginmedian +2%median 4%BLCOCOOEYEWRBYSTAARXSTLUCYW (+74%, -100%)
Ophthalmic Goods; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Innovative Eyewear

We develop and sell cutting-edge smart eyewear – including prescription eyeglasses, ready-to-wear sunglasses, safety glasses, and sport glasses – that is designed to allow our customers to remain connected to their digital lives. Founded and headquartered in Miami, Florida, we were initially organized as a Florida limited liability company effective August 15, 2019. On March 26, 2020, we converted from a Florida limited liability company into a Florida corporation.

In its own words, from its 10-K, filed Mar 25, 2026.

Innovative Eyewear against its Ophthalmic Goods peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +74% against the peers' median +2%. Operating margin: -165.3% against the peers' median 4.3%.

CompanyQuarterRevenueY/YOp. margin
LUCYW Innovative EyewearQ2 2026$1.0M+74%-165.3%
BLCO Bausch & LombQ3 2026$1.4B+7%11.3%
COO Cooper CompaniesQ3 FY26$1.1B+0.6%20.8%
EYE National Vision HoldingsQ2 2026$499M+2%4.3%
WRBY Warby ParkerQ3 2026$245M+10%1.5%
STAA Staar SurgicalQ3 2026$83.4M-12%6.5%
RXST RxSightQ3 2026$24.6M-19%-75.3%

Source: Innovative Eyewear 10-Q on SEC EDGAR · CIK 1808377 · Ophthalmic Goods

13F: who owns LUCYW and who is buying

Largest holders of LUCYW (13F)Largest holders of LUCYW (13F)Clear Street LLC$9KClear Street Group$7KBrave Asset Management$2KCitadel Advisors LLC$2KUBS Group AG$6

More on LUCYW

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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