Pay vs Performance Disclosure
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
| Average | Average | Value of Initial Fixed $100 Investment Based On: | Company Selected Measure | |||||||||||||||||||||||||||||
| Year (1) | Summary
Compensation
Total for
PEOs | Compensation
Actually Paid
to PEOs (2) | Summary
Compensation
Table Total
for Non-PEOs | Compensation
Actually Paid
to Non-PEOs (2) | MVIS Total
Stockholder
Return (3) | Peer Group
Total
Stockholder
Return (3) | Net Loss
(in
thousands) (4) | Stock
Price (5) | ||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | ||||||||||||||||||||||||
| 2025 | $ | 2,486,790 | $ | 2,488,497 | $ | 2,173,849 | $ | 1,569,628 | $ | 15.39 | $ | 220.10 | $ | (94,981 | ) | $ | 0.83 | |||||||||||||||
| 2024 | $ | 6,524,977 | $ | (30,023 | ) | $ | 1,067,804 | $ | (489,143 | ) | $ | 181.95 | $ | 192.74 | $ | (96,915 | ) | $ | 1.31 | |||||||||||||
| 2023 | $ | 4,726,817 | $ | 832,417 | $ | 603,388 | $ | 350,830 | $ | 369.44 | $ | 146.11 | $ | (82,842 | ) | $ | 2.66 | |||||||||||||||
| Description of Adjustment | 2025 | 2024 | 2023 | |||||||||
| Summary Compensation Table Total Compensation for PEOs | $ | 2,486,790 | $ | 6,524,977 | $ | 4,726,817 | ||||||
| Subtract grant date fair value of option awards and stock awards granted in the applicable fiscal year | $ | (743,910 | ) | $ | (5,983,750 | ) | $ | (4,245,000 | ) | |||
| Adjust for year-end fair value of equity awards granted in the applicable fiscal year that are outstanding and unvested as of the applicable fiscal year end | $ | 745,616 | $ | 2,128,750 | ||||||||
| Adjust for change in fair value at year-end of equity awards granted in prior years that are outstanding and unvested as of the applicable fiscal year | $ | $ | (3,213,000 | ) | $ | (414,400 | ) | |||||
| Adjust for vesting date fair value of equity awards granted and vested in applicable fiscal year | $ | $ | 513,000 | 729,000 | ||||||||
| Adjust for change in fair value of equity awards granted in prior years that vested in the applicable fiscal year | $ | $ | $ | |||||||||
| Compensation Actually Paid to PEOs | $ | 2,488,497 | $ | (30,023 | ) | $ | 832,417 | |||||
| Summary Compensation Table Total Compensation for Non-PEOs | $ | 2,173,849 | $ | 1,067,804 | $ | 603,388 | ||||||
| Subtract grant date fair value of option awards and stock awards granted in the applicable fiscal year | (3,671,245 | ) | $ | (657,938 | ) | $ | ||||||
| Add year-end fair value of equity awards granted in the applicable fiscal year that are outstanding and unvested as of the applicable fiscal year-end | $ | 3,003,338 | $ | 783,544 | $ | |||||||
| Adjust for year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the applicable fiscal year | $ | 199,300 | $ | (1,847,316 | ) | $ | (225,904 | ) | ||||
| Adjust for change in fair value of equity awards granted in prior years that vested in the applicable fiscal year | $ | $ | 212,438 | $ | 3,346 | |||||||
| Subtract prior year-end fair value of equity award granted in prior years that failed to vest in the applicable fiscal year | $ | (135,614 | ) | $ | (47,675 | ) | $ | |||||
| Compensation Actually Paid to Non-PEOs | $ | 1,569,628 | $ | (489,143 | ) | $ | 350,830 | |||||
Compensation Actually Paid and Performance Measures. The following graphical comparisons reflect the relationship between our PEO and average non-PEO compensation “actually paid” versus the performance measures in the pay versus performance table from 2021 to 2025:
Performance Metrics
| Stock Price Targets | Served as performance objectives in our performance-equity-based PRSU program for executives through December 31, 2025 | |
| Revenue | A factor in assessing market progress and critical to the company’s long-term sustainability | |
| Cash Operating Expenses | A key non-GAAP measure used by our Board and management to evaluate company performance and fiscal discipline |
| [1] | The Summary Compensation Table totals reported for the PEO and the average of the Non-PEOs for each year were subject to the following adjustments per Item 402(v)(2)(iii) of Regulation S-K to calculate “compensation actually paid”: the summary compensation table totals were decreased for amounts reported under the “Option Awards” and “Stock Awards” columns and increased/decreased for the inclusion of Rule 402(v) equity values, which reflect the aggregate of the following components, as applicable (i) the fair value as of the end of the listed fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the listed fiscal year; and (iii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year, less the fair value at the end of the prior year of awards granted prior to the listed fiscal year that failed to meet applicable vesting conditions during the listed fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. |
| [2] | An investment of $100 is assumed to have been made in our common stock as of December 31, 2020. We have selected the Dow Jones U.S. Electronic & Electrical Equipment Index (DJUSEE) as our peer group. An investment of $100 is assumed to have been made in the DJUSEE as of December 31, 2020. |
| [3] | The dollar amounts reported represent the amount of the net loss reflected in our audited financial statements of the applicable fiscal year. |
| [4] | The stock prices reported here are the closing prices on the last trading day of the relevant fiscal year. Stock price was chosen from the following three most important financial performance measures used to link compensation actually paid to our PEO and other NEOs in 2025 to company performance: |