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How Microvision (MVIS) makes money

Microvision (MVIS) made $2.4M of revenue in the third quarter 2026 (Q3 2026), +896% from a year earlier. Product Revenue brought in $2.2M (93%); Contract Revenue brought in $152K (6%); License and Royalty Revenue brought in $12K (0%).

Drawing the Sankey…

Microvision revenue by segment, Q3 2026Microvision revenue by segment, Q3 2026Product Revenue$2.2MContract Revenue$152KLicense and Royalty Revenue$12K
Microvision: revenue by line, Q1 2025 to Q3 2026Microvision: revenue by line, Q1 2025 to Q3 2026Product RevenueLicense and Royalty R…Contract RevenueProduct Revenue: $2.2M latest$2.2MLicense and Royalty Revenue: $12K latestContract Revenue: $152K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
License and Royalty Revenue went from 14% of revenue in Q1 2025 to 0% in Q3 2026, the largest shift in the mix.
Microvision revenue by quarterMicrovision revenue by quarter$589KQ1 2025$155KQ2 2025$241KQ3 2025$223KQ4 2025$935KQ1 2026$1.5MQ2 2026$2.4MQ3 2026
Microvision: where each dollar of revenue goesMicrovision: where each dollar of revenue goesIncome tax1¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product Revenue$2.2M93.2%+103%80×
Contract Revenue$152K6.3%-57%—
License and Royalty Revenue$12K0.5%-33%-94%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.4M100.0%
Income tax$33K1.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.4M+896%
Q2 2026$1.5M+850%
Q1 2026$935K+59%
Q4 2025$223K-86%
Q3 2025$241K+27%
Q2 2025$155K-92%
Q1 2025$589K-38%

From Microvision's 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does Microvision make money?

Microvision (MVIS) made $2.4M of revenue in the third quarter 2026 (Q3 2026), +896% from a year earlier. Product Revenue brought in $2.2M (93%); Contract Revenue brought in $152K (6%); License and Royalty Revenue brought in $12K (0%).

What is Microvision's biggest business?

Product Revenue: $2.2M in the third quarter 2026, 93% of revenue, up 80-fold from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.