Virco Mfg Financials
This page shows Virco Mfg (VIRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Virco Mfg has an operating margin of 10.5%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 11.8% the prior year.
Virco Mfg's revenue declined 1.1% year-over-year, from $269.1M to $266.2M. This contraction results in a growth score of 26/100.
Virco Mfg carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.02, Virco Mfg holds $3.02 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Virco Mfg has a free cash flow margin of 10.1%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.
Virco Mfg earns a strong 20.5% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is down from 23.9% the prior year.
Virco Mfg scores 3.06, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Virco Mfg passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Virco Mfg generates $1.53 in operating cash flow ($33.1M OCF vs $21.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Virco Mfg earns $79.8 in operating income for every $1 of interest expense ($27.9M vs $349K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Virco Mfg generated $266.2M in revenue in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Virco Mfg's EBITDA was $33.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.3% from the prior year.
Virco Mfg generated $26.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 23.6% from the prior year.
Virco Mfg reported $21.6M in net income in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Virco Mfg earned $1.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
Virco Mfg held $935K in cash against $3.8M in long-term debt as of fiscal year 2025.
Virco Mfg paid $0.09 per share in dividends in fiscal year 2025. This represents an increase of 350.0% from the prior year.
Virco Mfg had 16M shares outstanding in fiscal year 2025. This represents a decrease of 1.6% from the prior year.
Virco Mfg's gross margin was 43.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Virco Mfg's operating margin was 10.5% in fiscal year 2025, reflecting core business profitability. This is down 1.4 percentage points from the prior year.
Virco Mfg's net profit margin was 8.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.
Virco Mfg's ROE was 20.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.
Virco Mfg spent $3.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Virco Mfg invested $6.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.0% from the prior year.
VIRC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.6M-48.3% | $92.1M+172.8% | $33.8M-59.1% | $82.6M-23.8% | $108.4M+132.0% | $46.7M+9.7% | $42.6M-49.4% | $84.3M |
| Cost of Revenue | $29.5M-42.3% | $51.2M+188.8% | $17.7M-61.4% | $45.9M-21.1% | $58.2M+120.6% | $26.4M-0.6% | $26.5M-42.4% | $46.0M |
| Gross Profit | $18.1M-55.7% | $40.9M+155.1% | $16.0M-56.3% | $36.7M-27.0% | $50.2M+146.8% | $20.3M+26.6% | $16.1M-58.0% | $38.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.8M-22.4% | $25.5M+58.3% | $16.1M-37.0% | $25.6M-9.7% | $28.3M+63.0% | $17.4M-7.8% | $18.8M-19.9% | $23.5M |
| Operating Income | -$1.7M-111.0% | $15.4M+16452.1% | -$94K-100.8% | $11.1M-49.2% | $21.9M+636.9% | $3.0M+207.2% | -$2.8M-118.8% | $14.7M |
| Interest Expense | $40K-80.5% | $205K+241.7% | $60K+350.0% | -$24K-107.5% | $322K+54.8% | $208K+74.8% | $119K-84.4% | $765K |
| Income Tax | -$484K-112.1% | $4.0M+1421.0% | $262K-90.9% | $2.9M-45.0% | $5.2M+615.3% | $731K+320.8% | -$331K-110.0% | $3.3M |
| Net Income | -$1.3M-113.0% | $10.2M+1291.5% | $732K-91.3% | $8.4M-50.1% | $16.8M+686.6% | $2.1M+191.4% | -$2.3M-123.1% | $10.2M |
| EPS (Diluted) | $-0.08-112.3% | $0.65+1200.0% | $0.05-90.4% | $0.52-50.0% | $1.04+700.0% | $0.13+192.9% | $-0.14-122.6% | $0.62 |
VIRC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $181.5M-8.6% | $198.6M+8.1% | $183.8M-12.5% | $210.1M-2.9% | $216.3M+41.9% | $152.5M+4.1% | $146.4M-6.7% | $157.0M |
| Current Assets | $96.8M-13.5% | $111.9M+18.7% | $94.3M-21.1% | $119.5M-4.7% | $125.3M+30.8% | $95.8M+7.6% | $89.0M-9.9% | $98.8M |
| Cash & Equivalents | $26.5M+915.7% | $2.6M+179.1% | $935K-97.6% | $38.9M+400.0% | $7.8M+1106.7% | $644K-87.8% | $5.3M+8.5% | $4.9M |
| Inventory | $53.1M-11.3% | $59.9M-19.1% | $74.0M+51.2% | $48.9M-16.4% | $58.6M-17.9% | $71.3M+22.2% | $58.4M-1.0% | $58.9M |
| Accounts Receivable | $13.8M-70.5% | $46.8M+281.3% | $12.3M-56.4% | $28.2M-49.8% | $56.1M+183.6% | $19.8M-14.6% | $23.2M-29.9% | $33.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $67.9M-18.5% | $83.3M+6.5% | $78.2M-17.1% | $94.3M-13.1% | $108.5M+78.4% | $60.8M+10.1% | $55.3M-12.6% | $63.3M |
| Current Liabilities | $24.3M-35.6% | $37.7M+21.0% | $31.2M-24.9% | $41.5M-25.2% | $55.5M+33.2% | $41.7M+8.1% | $38.5M-7.4% | $41.6M |
| Long-Term Debt | $3.7M-1.8% | $3.7M-1.8% | $3.8M-3.3% | $3.9M-1.6% | $4.0M-40.8% | $6.8M+63.6% | $4.1M-47.9% | $7.9M |
| Total Equity | $113.6M-1.5% | $115.4M+9.3% | $105.6M-8.9% | $115.9M+7.5% | $107.8M+17.7% | $91.6M+0.5% | $91.2M-2.8% | $93.8M |
| Retained Earnings | -$456K-136.1% | $1.3M+114.8% | -$8.5M-211.9% | -$2.7M+74.5% | -$10.7M+60.6% | -$27.2M+6.2% | -$29.0M-10.1% | -$26.4M |
VIRC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.8M+705.2% | $3.2M+116.8% | -$19.0M-156.9% | $33.5M+168.3% | $12.5M+376.7% | -$4.5M-196.2% | $4.7M-89.2% | $43.4M |
| Capital Expenditures | $1.3M-7.4% | $1.4M-43.9% | $2.4M-1.4% | $2.5M+37.9% | $1.8M+65.3% | $1.1M+69.2% | $643K-64.5% | $1.8M |
| Free Cash Flow | $24.5M+1238.7% | $1.8M+108.5% | -$21.5M-169.3% | $31.0M+190.3% | $10.7M+290.7% | -$5.6M-238.4% | $4.0M-90.3% | $41.6M |
| Investing Cash Flow | -$1.5M-35.4% | -$1.1M+56.1% | -$2.4M-28.6% | -$1.9M-5.6% | -$1.8M-91.3% | -$941K-511.0% | -$154K+91.5% | -$1.8M |
| Financing Cash Flow | -$458K0.0% | -$458K+89.7% | -$4.5M-850.3% | -$469K+86.8% | -$3.5M-539.6% | $806K+119.5% | -$4.1M+89.2% | -$38.3M |
| Dividends Paid | $394K0.0% | $394K+0.3% | $393K-3.4% | $407K+24.8% | $326K-0.3% | $327K0.0% | $327K | $0 |
| Share Buybacks | $0 | $0-100.0% | $4.0M | $0 | $0-100.0% | $1.5M | $0 | $0 |
VIRC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0%-6.4pp | 44.4%-3.1pp | 47.5%+3.1pp | 44.4%-1.9pp | 46.3%+2.8pp | 43.5%+5.8pp | 37.7%-7.6pp | 45.4% |
| Operating Margin | -3.5%-20.2pp | 16.7%+17.0pp | -0.3%-13.7pp | 13.5%-6.7pp | 20.2%+13.8pp | 6.4%+12.9pp | -6.5%-23.9pp | 17.4% |
| Net Margin | -2.8%-13.8pp | 11.1%+8.9pp | 2.2%-8.0pp | 10.2%-5.4pp | 15.5%+10.9pp | 4.6%+10.1pp | -5.5%-17.6pp | 12.1% |
| Return on Equity | N/A | 8.8%+8.1pp | 0.7%-6.6pp | 7.2%-8.4pp | 15.6%+13.3pp | 2.3% | N/A | 10.8% |
| Return on Assets | -0.7%-5.9pp | 5.1%+4.7pp | 0.4%-3.6pp | 4.0%-3.8pp | 7.8%+6.4pp | 1.4%+3.0pp | -1.6%-8.1pp | 6.5% |
| Current Ratio | 3.98+1.0 | 2.96-0.1 | 3.02+0.1 | 2.88+0.6 | 2.26-0.0 | 2.30-0.0 | 2.31-0.1 | 2.37 |
| Debt-to-Equity | 0.030.0 | 0.030.0 | 0.040.0 | 0.030.0 | 0.04-0.0 | 0.07+0.0 | 0.05-0.0 | 0.08 |
| FCF Margin | 51.5%+49.5pp | 2.0%+65.6pp | -63.6%-101.1pp | 37.5%+27.7pp | 9.8%+21.8pp | -12.0%-21.5pp | 9.5%-39.9pp | 49.4% |
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Frequently Asked Questions
What is Virco Mfg's annual revenue?
Virco Mfg (VIRC) reported $266.2M in total revenue for fiscal year 2025. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Virco Mfg's revenue growing?
Virco Mfg (VIRC) revenue declined by 1.1% year-over-year, from $269.1M to $266.2M in fiscal year 2025.
Is Virco Mfg profitable?
Yes, Virco Mfg (VIRC) reported a net income of $21.6M in fiscal year 2025, with a net profit margin of 8.1%.
What is Virco Mfg's earnings per share (EPS)?
Virco Mfg (VIRC) reported diluted earnings per share of $1.32 for fiscal year 2025. This represents a -1.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Virco Mfg's EBITDA?
Virco Mfg (VIRC) had EBITDA of $33.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Virco Mfg have?
As of fiscal year 2025, Virco Mfg (VIRC) had $935K in cash and equivalents against $3.8M in long-term debt.
What is Virco Mfg's gross margin?
Virco Mfg (VIRC) had a gross margin of 43.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Virco Mfg's operating margin?
Virco Mfg (VIRC) had an operating margin of 10.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Virco Mfg's net profit margin?
Virco Mfg (VIRC) had a net profit margin of 8.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Virco Mfg pay dividends?
Yes, Virco Mfg (VIRC) paid $0.09 per share in dividends during fiscal year 2025.
What is Virco Mfg's return on equity (ROE)?
Virco Mfg (VIRC) has a return on equity of 20.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Virco Mfg's free cash flow?
Virco Mfg (VIRC) generated $26.8M in free cash flow during fiscal year 2025. This represents a 23.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Virco Mfg's operating cash flow?
Virco Mfg (VIRC) generated $33.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Virco Mfg's total assets?
Virco Mfg (VIRC) had $183.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Virco Mfg's capital expenditures?
Virco Mfg (VIRC) invested $6.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Virco Mfg buy back shares?
Yes, Virco Mfg (VIRC) spent $3.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Virco Mfg have outstanding?
Virco Mfg (VIRC) had 16M shares outstanding as of fiscal year 2025.
What is Virco Mfg's current ratio?
Virco Mfg (VIRC) had a current ratio of 3.02 as of fiscal year 2025, which is generally considered healthy.
What is Virco Mfg's debt-to-equity ratio?
Virco Mfg (VIRC) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Virco Mfg's return on assets (ROA)?
Virco Mfg (VIRC) had a return on assets of 11.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Virco Mfg's Altman Z-Score?
Virco Mfg (VIRC) has an Altman Z-Score of 3.06, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Virco Mfg's Piotroski F-Score?
Virco Mfg (VIRC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Virco Mfg's earnings high quality?
Virco Mfg (VIRC) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Virco Mfg cover its interest payments?
Virco Mfg (VIRC) has an interest coverage ratio of 79.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Virco Mfg?
Virco Mfg (VIRC) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.