MicroVision, Inc. reported a significant decline in financial performance for the fiscal year ending December 31, 2025, with total revenue of $1.2 million, a decrease of 74.3% from $4.7 million in 2024. The company attributed this drop primarily to reduced sales to a leading agricultural equipment manufacturer and lower sales of MOVIA L sensors during the evaluation processes for potential customers. The cost of revenue surged to $18.5 million, resulting in a gross loss of $17.3 million compared to a gross loss of $2.8 million in the previous year. The net loss for 2025 was $95.0 million, slightly improved from a net loss of $96.9 million in 2024.
In terms of strategic developments, MicroVision made several acquisitions to enhance its product offerings. In January 2023, the company acquired assets from Ibeo Automotive Systems GmbH, which included lidar hardware and software, followed by the acquisition of Scantinel Photonics GmbH in January 2026, focusing on a unique lidar-on-chip solution. Additionally, in February 2026, MicroVision acquired assets from Luminar Technologies, which included advanced lidar sensors and software platforms. These acquisitions are expected to bolster MicroVision's capabilities in the automotive and industrial sectors.
Operationally, the company underwent a significant workforce reduction of approximately 41% in 2024, which contributed to a decrease in research and development expenses to $31.7 million in 2025 from $49.0 million in 2024. The total employee headcount as of December 31, 2025, was approximately 190. The company also reported an impairment charge of $10.1 million related to perception software, reflecting challenges in product development and market conditions. As of the end of 2025, MicroVision had approximately $74.8 million in total liquidity, including cash and cash equivalents, and short-term investment securities.
Looking ahead, MicroVision anticipates continued challenges, including the need for additional capital to fund operations and the potential for further losses. The company has indicated that it expects to maintain sufficient cash to fund operations for at least the next 12 months, but it will require additional capital to support its business plan beyond that period. The company is also focusing on consolidating its operations, with plans to move its engineering and manufacturing activities from Redmond, Washington, to a new facility in Orlando, Florida, which is expected to result in further workforce reductions and restructuring costs.
About MICROVISION, INC.
MicroVision, Inc. develops lidar sensors and perception software for autonomous vehicles, industrial automation, and military applications. Its core technologies include MEMS and flash-based lidar sensors, integrated perception software, and validation tools. Serving automotive, robotics, agriculture, mining, and defense markets, the company focuses on high-resolution, cost-effective, energy-efficient solutions to enable safety, autonomy, and active safety features.
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