Vuzix Corporation filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 12, 2026, disclosing a nine-month net loss of $23,086,207 and cash holdings that declined to $9,192,134 from $21,150,213 at year-end 2025.

Key Highlights

  • Nine-month net loss: The company reported a net loss of $23,086,207 for the nine months ended September 30, 2026, compared to a prior-year comparable period that began with a January 1, 2025 balance.
  • Third-quarter net loss: The net loss for the three months ended September 30, 2026 was $8,386,188, according to the filing.
  • Cash position: Cash and cash equivalents stood at $9,192,134 as of September 30, 2026, down from $21,150,213 at December 31, 2025.
  • ATM program proceeds: The company raised net proceeds of $10,512,048 through its at-the-market program during the nine months ended September 30, 2026, issuing 3,218,628 shares.
  • Accumulated deficit: The accumulated deficit reached $423,057,117 as of September 30, 2026, up from $399,858,410 at December 31, 2025.
  • Shares outstanding: As of November 12, 2026, there were 85,156,876 shares of common stock outstanding, the filing stated.
  • Preferred stock dividends: Preferred stock dividends of $112,500 were recorded for the nine-month period, with $37,500 attributable to the third quarter alone.

Vuzix Reports Declining Cash and Widening Deficit Through September 2026

According to the filing, Vuzix Corporation (NASDAQ:VUZI) reported total assets of $28,781,084 as of September 30, 2026, compared to $40,071,807 at December 31, 2025. The decline was driven primarily by lower cash and cash equivalents, which fell by approximately $11.96 million over the nine-month period. Accounts receivable also contracted, dropping to $596,951 from $1,627,635 at the prior year-end, net of allowances for credit losses of $14,388 at September 30, 2026 versus $46,000 at December 31, 2025.

On the liabilities side, the filing disclosed total liabilities of $4,611,873 as of September 30, 2026, compared to $5,390,316 at December 31, 2025. Accounts payable increased to $1,995,783 from $685,010, while accrued expenses fell to $1,916,126 from $3,590,407 over the same period. The company carried 419,959 shares of Series B Preferred Stock with a stated value of $10,000,000 classified as mezzanine equity at both balance sheet dates.

The company disclosed that stock-based compensation expense for the nine months ended September 30, 2026 totaled $2,174,379, including $881,465 in the third quarter alone. Total stockholders' equity declined to $14,169,211 at September 30, 2026, from $24,681,491 at January 1, 2026. Fixed assets, net, increased to $9,122,721 from $7,626,238, while patents and trademarks, net, rose to $3,665,948 from $3,359,066 over the same period. The company is classified as a non-accelerated filer and a smaller reporting company, as indicated on the cover page.

What Was Disclosed

Vuzix filed its unaudited quarterly financial statements for the period ended September 30, 2026, reporting a nine-month net loss of $23,086,207, a cash balance of $9,192,134, and an accumulated deficit of $423,057,117, alongside equity activity including ATM program share issuances and stock-based compensation.