MICROVISION, Inc. (MVIS) intrinsic value & 10-year financials
MICROVISION, Inc. (MVIS) has a Graham intrinsic value of $12.10 per share. At $1.13 on Oct 17, 2026, the stock trades 91% below that value. Over the last 10 fiscal years revenue shrank 24.3% a year to $1.2M, with an average return on invested capital of -2.5%.
- Graham intrinsic value
- $12.10
- Share price (Oct 17, 2026)
- $1.13
- Price vs Graham value
- 91% below
- Market cap
- $308.6M
- Revenue (FY2025)
- $1.2M
- Revenue growth (10-yr CAGR)
- -24.3%
- ROIC (10-yr avg)
- -2.5%
- Free cash flow (FY2025)
- -$59.4M
MVIS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2M | -$95.0M | -$0.35 | -$59.4M | -6856.6% | -115.6% |
| FY2024 | $4.7M | -$96.9M | -$0.46 | -$68.9M | -1821.1% | -130.7% |
| FY2023 | $7.3M | -$82.8M | -$0.45 | -$69.0M | -1224.3% | -121.4% |
| FY2022 | $664.0K | -$53.1M | -$0.00 | -$42.4M | -8116.0% | -91.2% |
| FY2021 | $2.5M | -$43.2M | -$0.00 | -$31.9M | -1754.8% | -312.4% |
| FY2020 | $3.1M | -$13.6M | -$0.00 | -$16.5M | -440.6% | 175.8% |
| FY2019 | $8.9M | -$26.5M | — | -$24.8M | -297.9% | 292.9% |
| FY2018 | $17.6M | -$27.2M | — | -$23.7M | -154.6% | 283.1% |
| FY2017 | $9.6M | -$24.2M | — | -$18.6M | -251.6% | — |
| FY2016 | $14.8M | -$16.5M | — | -$15.7M | -111.5% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MICROVISION, INC. is facing top-line stagnation, with revenue contracting over the decade.
MICROVISION, INC. has historically struggled to out-earn its cost of capital, averaging just -56.8% ROIC.
MICROVISION, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MICROVISION, INC. is modeled at -24.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.10 per share.