Start here if you're new
what it is
Gauzy makes smart glass and driver-assist systems for cars, buildings, and planes.
how it gets paid
Last year Gauzy made $104M in revenue. Automotive smart glass was the main engine at $38M, or 36% of sales.
what just happened
$42M in quarterly revenue came with a -$1.15 EPS loss, so growth beat the bad news, not the math.
At a glance
n/a balance sheet
-$4.11 fy2024 eps est
$104M fy2024 rev est
29.7% operating margin
~$10M market cap
What they do
Gauzy makes smart glass and driver-assist systems for cars, buildings, and planes.
You do not replace glass systems after they are installed. Gauzy serves customers in 30+ countries, so one design win can travel across a lot of hardware. The quiet part is simple: your window, cockpit, or facade is harder to swap than a software tab.
How they make money
$104M
annual revenue
Automotive smart glass
$38M
+18.0%
Architecture smart glass
$29M
+10.0%
Aeronautics smart glass
$21M
+22.0%
ADAS and safety systems
$16M
+35.0%
The products that matter
cockpit light-control systems
aerospace smart glass
~$78M · roughly 75% of revenue
this is the core business. It represents about $78M of the $104M revenue base, and management says it holds 95% share in cockpit shading.
95% share claim
light control for vehicles and buildings
automotive & architectural films
~$26M · roughly 25% of revenue
this segment is the remaining ~$26M outside aerospace. It matters because the company needs more than one market if it wants to outgrow its debt load.
smaller mix
new product pipeline
new aerospace launch
ces 2026 catalyst
management flagged a new aerospace product for CES 2026. The number isn't the launch size — none was given. The point is whether it becomes revenue or just another promise.
catalyst watch
Key numbers
$104M
annual revenue
This is the top line. It is also 10x the $10M market cap in the prompt, which tells you how little the market trusts it.
29.7%
operating margin
That means about $29.70 of every $100 in sales disappears after overhead. Growth still leaks into losses.
$22M
long debt
Debt is about 21% of annual revenue. That is not a cushion for a company this small.
23.6%
gross margin
The business keeps 23.6 cents of each sales dollar before overhead. The real fight is spending, not selling.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $22M (70% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for GAUZ right now.
source: institutional data · return history unavailable
What just happened
missed estimates
$42M in quarterly revenue came with a -$1.15 EPS loss, so growth beat the bad news, not the math.
Revenue rose 112% vs. prior year. Gross margin was 23.6%, which means the company kept 23.6 cents of each sales dollar before overhead.
$42M
revenue
-$1.15
eps
23.6%
gross margin
the number that mattered
The $42M revenue print mattered because it doubled vs. prior year, but the -$1.15 EPS line says the business still loses money.
source: company earnings report, 2026
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What could go wrong
the #1 risk is securities litigation layered on top of an already stretched balance sheet.
high
securities class action lawsuits
Multiple law firms have filed suits alleging false and misleading statements. Legal risk is bad enough on its own. Here it lands on a company with a ~$10M market cap and $22M of long-term debt.
The immediate damage is financing pressure, reputational damage, and management distraction at the exact moment the company needs stability.
high
debt and liquidity risk
GAUZ carries $22M in long-term debt, equal to 70% of capital, against an equity value of roughly $10M. That's not a side note. That's the main plot.
If liquidity tightens further, shareholders face dilution, distressed financing, or worse.
med
margin structure may not support the story
A 23.6% gross margin means the company keeps less than one-quarter of each revenue dollar before operating costs. For a manufacturing business with legal and financing pressure, that's thin.
If margins stay around this level, revenue growth alone may not fix the balance sheet.
med
listing and governance pressure
The January 2026 management and board changes, plus the proposed $50M equity line, suggest the company is managing more than operations. It's managing market credibility too.
That can weigh on valuation even if the underlying product business remains intact.
you are looking at a company expected to generate $104M in revenue while carrying $22M of long-term debt and a roughly $10M market cap. There is no room for legal surprises or another operating stumble.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
estimated for mar 16–17, 2026. After a -$0.361 EPS print versus -$0.29 expected, you need to see whether losses are narrowing or widening.
risk
litigation updates
Watch for any material developments in the securities class action cases. This is not background noise for a company with a ~$10M market cap.
metric
gross margin
23.6% is the current anchor. If that number does not improve, the revenue base has less power than it first appears.
trend
liquidity path
The proposed $50M equity line could buy time, but it also tells you financing remains front and center. Watch the terms, not just the headline.
Analyst rankings
coverage
thin
in human-speak: there isn't enough broad analyst coverage here to lean on consensus.
source: institutional data
Institutional activity
institutional ownership data for GAUZ is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$0
current price
n/a
target midpoint · n/a from current
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