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Vuzix (VUZI) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 12, 2026

Vuzix (VUZI) reported revenue of $2.2M for the fourth quarter 2025 (Q4 2025), +76% from a year earlier and +93% from the quarter before. Operating margin was -373.8%, net loss $8.6M (384.1% of revenue).

Revenue$2.2M
Year over year+76%
Quarter over quarter+93%
Operating margin-373.8%
Net earnings−$8.6M

Vuzix, Q4 2025: revenue $2.2M (+76% year over year), operating margin -373.8%, net loss $8.6M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$2.2M+93%+76%
Operating profit−$8.4M——
Net earnings−$8.6M——
Operating cash flow−$5.6M——

What changed

Revenue was $2.2M in Q4 2025, up 76% year over year and up 93% from the previous quarter. Sales of Products was the largest line at 63% of revenue.

Gross margin was 16.7%. Operating costs exceeded revenue by $8.4M, an operating margin of -373.8%. The fastest-growing cost line was Research & development (+103%). The quarter ended with a net loss of $8.6M, wider than the previous quarter's $7.4M loss.

Operating cash flow was −$5.6M. Non-cash charges added back $360K of depreciation and amortization and $834K of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $355K exceeded it, leaving free cash flow of −$5.9M.

Questions

What was Vuzix's revenue in the fourth quarter 2025?

Vuzix (VUZI) reported revenue of $2.2M for the fourth quarter 2025 (Q4 2025), +76% from a year earlier and +93% from the quarter before.

Was Vuzix profitable in the fourth quarter 2025?

Operating loss was $8.4M (-373.8% of revenue) and net loss $8.6M.

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Source: Vuzix 10-K on SEC EDGAR.