Revenue growth has shifted into negative territory with a 17.8% decline in 2025Q2, while operating margins remain deeply negative at -62.4%.
| Sales/Revenue | 96.81M | 103.53M | 77.98M | 49.03M | 7.31M | 4.74M |
| Revenue Growth % | 7.87% | 32.76% | 59.04% | 570.58% | 54.23% | - |
| Cost of Goods Sold | 69.86M | 73.79M | 61.7M | 43.06M | 5.29M | 3.33M |
| COGS % of Revenue | - | 71.27% | 79.13% | 87.81% | 72.33% | 70.22% |
| Gross Profit | 26.95M | 29.74M | 16.28M | 5.98M | 2.02M | 1.41M |
| Gross Margin % | 27.84% | 28.73% | 20.87% | 12.19% | 27.67% | 29.78% |
| Gross Profit Growth % | - | 82.72% | 172.37% | 195.4% | 43.27% | - |
| Operating Expenses | 61.37M | 60.5M | 47.52M | 35.77M | 16.31M | 12.13M |
| OpEx % of Revenue | - | 58.44% | 60.94% | 72.94% | 223.11% | 255.9% |
| Selling, General & Admin | 38.07M | 38.33M | 31.49M | 23.55M | 8.1M | 6.26M |
| SG&A % of Revenue | - | 37.02% | 40.38% | 48.03% | 110.78% | 132.12% |
| Research & Development | 17.4M | 17.59M | 16.04M | 12.22M | 8.14M | 5.87M |
| R&D % of Revenue | - | 16.99% | 20.56% | 24.91% | 111.32% | 123.77% |
| Other Operating Expenses | 4M | 4.58M | 0 | 0 | 0 | 0 |
| Operating Income | -34.41M | -30.76M | -31.25M | -29.79M | -14.29M | -10.72M |
| Operating Margin % | -35.55% | -29.71% | -40.07% | -60.75% | -195.45% | -226.11% |
| Operating Income Growth % | - | 1.55% | -4.89% | -108.45% | -33.31% | - |
| EBITDA | -26.45M | -24.09M | -25.54M | -24.19M | -13.76M | -10.32M |
| EBITDA Margin % | -27.32% | -23.27% | -32.75% | -49.33% | -188.22% | -217.59% |
| EBITDA Growth % | 10.08% | 5.68% | -5.57% | -75.75% | -33.41% | - |
| D&A (Non-Cash Add-back) | 7.96M | 6.68M | 5.71M | 5.6M | 528K | 404K |
| EBIT | -30.27M | -41.6M | -65.59M | -34.1M | -16.87M | -12.15M |
| Net Interest Income | -7.67M | -22.31M | -13.49M | -3.76M | -207K | -269K |
| Interest Income | 374K | -10.79M | 0 | 0 | 0 | 0 |
| Interest Expense | 8.04M | 11.52M | 13.49M | 3.76M | 207K | 269K |
| Other Income/Expense | -3.9M | -22.36M | -47.84M | -8.07M | -2.79M | -1.7M |
| Pretax Income | -38.31M | -53.12M | -79.08M | -37.86M | -17.08M | -12.42M |
| Pretax Margin % | -39.58% | -51.31% | -101.42% | -77.21% | -233.6% | -261.95% |
| Income Tax | 49K | 62K | 183K | 44K | 141K | 43K |
| Effective Tax Rate % | -0.13% | -0.12% | -0.23% | -0.12% | -0.83% | -0.35% |
| Net Income | -38.36M | -53.18M | -79.27M | -37.9M | -17.22M | -12.46M |
| Net Margin % | -39.63% | -51.37% | -101.65% | -77.3% | -235.53% | -262.86% |
| Net Income Growth % | 50.99% | 32.91% | -109.13% | -120.08% | -38.2% | - |
| Net Income (Continuing) | -38.36M | -53.18M | -79.27M | -37.9M | -17.22M | -12.46M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.05 | -2.84 | -4.16 | -1.99 | -0.90 | -0.65 |
| EPS Growth % | 50.6% | 31.73% | -109.05% | -121.11% | -38.46% | - |
| EPS (Basic) | - | -2.84 | -4.16 | -1.99 | -0.90 | -0.65 |
| Diluted Shares Outstanding | 18.74M | 18.72M | 19.05M | 19.05M | 19.05M | 19.05M |
| Basic Shares Outstanding | 18.74M | 18.72M | 19.05M | 19.05M | 19.05M | 19.05M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidity and capital exhaustion
According to the most recent quarterly data, Gauzy's revenue growth has shifted into negative territory, with a 17.8% decline in 2025Q2, marking a sharp reversal from the 41.8% expansion observed in 2024Q4 and suggesting significant volatility in the company's commercial scaling efforts.
The recent contraction in top-line performance raises questions regarding the durability of demand across the company's architectural and automotive segments. Investors should monitor whether this deceleration reflects a temporary project-based lumpiness or a more structural softening in the adoption of their light-control technologies.
As reported in financial statements, the company's gross margin fluctuated significantly between 21.0% and 36.5% over the last ten quarters, indicating that manufacturing yields and input cost management have yet to achieve the stability required for consistent profitability in this hardware-intensive sector.
The inability to maintain a consistent gross margin suggests that the company is still grappling with the complexities of scaling its specialized film production. Without a clear upward trend in these margins, the path to achieving positive operating leverage appears increasingly difficult to forecast.
Based on Gauzy's reported figures, the company continues to operate with a significant disconnect between revenue and operating expenses, as evidenced by a 2025Q2 operating margin of -62.4% that highlights the heavy burden of R&D and SG&A on the bottom line.
The persistent operating losses suggest that the company's current infrastructure is oversized relative to its revenue generation capacity. Management's inability to scale operating income alongside gross profit indicates that the business model remains in a high-burn, development-heavy phase that requires substantial capital support.
Data from recent filings indicates that the company's net loss of $10.7M in 2025Q2, combined with a limited cash position, suggests that the current operational trajectory may be unsustainable without immediate external financing or a drastic reduction in the ongoing cash burn rate.
Short-sellers would likely focus on the widening gap between the company's cash reserves and its quarterly losses, which implies a high probability of future shareholder dilution. The lack of a clear inflection point toward positive cash flow warrants extreme caution regarding the company's long-term solvency.
Quick answers to the most common questions about buying GAUZ stock.
For fiscal year 2024, Gauzy Ltd. Ordinary Shares (GAUZ) reported total revenue of $103.5M. This represents a 2083.7% increase compared to $4.7M in 2020.
Gauzy Ltd. Ordinary Shares (GAUZ) reported a net loss of $53.2M for the fiscal year ending 2024.
Gauzy Ltd. Ordinary Shares (GAUZ) reported an operating income of $-30.8M, resulting in an operating profit margin of -29.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Gauzy Ltd. Ordinary Shares (GAUZ) generated $29.7M in gross profit for the year, representing a gross profit margin of 28.7%. This demonstrates the company's core pricing power and production efficiency.