Virtra Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Virtra Inc has an operating margin of 7.6%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is down from 26.8% the prior year.
Virtra Inc's revenue declined 32.1% year-over-year, from $38.8M to $26.4M. This contraction results in a growth score of 0/100.
Virtra Inc carries a low D/E ratio of 0.17, meaning only $0.17 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 4.61, Virtra Inc holds $4.61 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Virtra Inc generated $1.3M in operating cash flow, capex of $1.8M consumed most of it, leaving -$588K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Virtra Inc generates a 3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100. This is down from 21.1% the prior year.
Virtra Inc scores 2.91, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($49.4M) relative to total liabilities ($19.8M). This signals moderate financial risk that warrants monitoring.
Virtra Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Virtra Inc generates $0.92 in operating cash flow ($1.3M OCF vs $1.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Virtra Inc (VTSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Key Financial Metrics
Virtra Inc generated $26.4M in revenue in fiscal year 2024. This represents a decrease of 32.1% from the prior year.
Virtra Inc's EBITDA was $3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 72.3% from the prior year.
Virtra Inc generated -$588K in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 110.6% from the prior year.
Virtra Inc reported $1.4M in net income in fiscal year 2024. This represents a decrease of 85.1% from the prior year.
Virtra Inc earned $0.12 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 85.9% from the prior year.
Virtra Inc held $18.0M in cash against $7.8M in long-term debt as of fiscal year 2024.
Virtra Inc had 11M shares outstanding in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Virtra Inc's gross margin was 73.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.
Virtra Inc's operating margin was 7.6% in fiscal year 2024, reflecting core business profitability. This is down 19.2 percentage points from the prior year.
Virtra Inc's net profit margin was 5.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 18.4 percentage points from the prior year.
Virtra Inc's ROE was 3.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 18.1 percentage points from the prior year.
Virtra Inc invested $3.0M in research and development in fiscal year 2024. This represents an increase of 7.5% from the prior year.
Virtra Inc invested $1.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 63.6% from the prior year.
VTSI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M-23.3% | $7.0M-2.5% | $7.2M+31.5% | $5.4M-10.4% | $6.1M-17.3% | $7.3M-32.4% | $10.9M+43.7% | $7.6M |
| Cost of Revenue | $1.8M-15.4% | $2.2M+10.3% | $2.0M+11.0% | $1.8M+221.4% | $550K-79.1% | $2.6M+54.1% | $1.7M-21.5% | $2.2M |
| Gross Profit | $3.5M-26.9% | $4.8M-7.4% | $5.2M+41.4% | $3.7M-33.5% | $5.5M+17.2% | $4.7M-48.5% | $9.2M+70.0% | $5.4M |
| R&D Expenses | $690K+13.4% | $608K-0.2% | $609K+85.6% | $328K-61.6% | $855K+23.4% | $693K-16.3% | $829K+70.1% | $487K |
| SG&A Expenses | $3.3M-0.3% | $3.3M+2.2% | $3.2M-17.2% | $3.9M+9.9% | $3.5M+5.0% | $3.4M-32.8% | $5.0M+55.3% | $3.2M |
| Operating Income | -$450K-149.2% | $914K-33.2% | $1.4M+352.8% | -$541K-147.8% | $1.1M+74.0% | $650K-80.4% | $3.3M+98.5% | $1.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $28K+412.1% | -$9K-108.8% | $102K+27.0% | $80K-8.3% | $88K-82.9% | $511K+1253.5% | -$44K-118.1% | $244K |
| Net Income | -$389K-321.6% | $175K-86.1% | $1.3M+242.3% | -$888K-174.0% | $1.2M+156.5% | $468K-86.8% | $3.5M+116.7% | $1.6M |
| EPS (Diluted) | $-0.03-250.0% | $0.02-81.8% | $0.11+237.5% | $-0.08-172.7% | $0.11+175.0% | $0.04-88.2% | $0.34+126.7% | $0.15 |
VTSI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $66.2M-1.7% | $67.4M+0.9% | $66.8M+2.1% | $65.5M-0.9% | $66.0M-4.8% | $69.4M-1.4% | $70.4M+2.7% | $68.5M |
| Current Assets | $42.6M-3.5% | $44.1M-2.4% | $45.2M+1.7% | $44.5M+0.3% | $44.3M-6.7% | $47.5M-4.5% | $49.7M+7.2% | $46.4M |
| Cash & Equivalents | $20.8M+0.3% | $20.7M+17.5% | $17.6M-2.4% | $18.0M-2.0% | $18.4M-17.9% | $22.4M+18.9% | $18.8M+9.6% | $17.2M |
| Inventory | $12.3M-3.7% | $12.8M-14.6% | $15.0M+2.8% | $14.6M+8.3% | $13.5M+9.6% | $12.3M-0.9% | $12.4M+15.1% | $10.8M |
| Accounts Receivable | $5.0M-22.3% | $6.4M-27.6% | $8.9M+11.2% | $8.0M-12.3% | $9.1M-11.4% | $10.3M-37.5% | $16.5M+16.5% | $14.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $19.4M-3.3% | $20.0M+1.1% | $19.8M+0.3% | $19.8M-4.1% | $20.6M-18.8% | $25.4M-6.0% | $27.0M-6.4% | $28.9M |
| Current Liabilities | $9.7M-3.4% | $10.0M+0.6% | $10.0M+3.4% | $9.6M+1.0% | $9.5M-33.4% | $14.3M-9.0% | $15.8M-8.6% | $17.2M |
| Long-Term Debt | N/A | N/A | N/A | $7.8M | N/A | N/A | N/A | N/A |
| Total Equity | $46.8M-1.1% | $47.3M+0.8% | $47.0M+2.8% | $45.7M+0.6% | $45.4M+3.2% | $44.0M+1.4% | $43.4M+9.3% | $39.7M |
| Retained Earnings | $13.8M-2.7% | $14.2M+1.2% | $14.0M+9.9% | $12.8M-2.3% | $13.1M+10.1% | $11.9M+4.1% | $11.4M+45.0% | $7.9M |
VTSI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $36K-99.4% | $6.0M+9005.9% | $66K+107.2% | -$909K+76.5% | -$3.9M-175.3% | $5.1M+121.7% | $2.3M-42.8% | $4.1M |
| Capital Expenditures | -$97K-117.2% | $568K+32.6% | $428K+179.4% | $153K+147.2% | $62K-96.0% | $1.5M+151.1% | $616K+269.7% | $167K |
| Free Cash Flow | -$61K-101.1% | $5.4M+1592.7% | -$363K+65.8% | -$1.1M+73.0% | -$3.9M-209.5% | $3.6M+111.0% | $1.7M-56.2% | $3.9M |
| Investing Cash Flow | $97K+103.4% | -$2.8M-561.5% | -$428K-179.4% | -$153K-147.2% | -$62K+96.0% | -$1.5M-151.1% | -$616K-269.7% | -$167K |
| Financing Cash Flow | -$64K-1.0% | -$63K+3.2% | -$66K+88.4% | -$566K-672.4% | -$73K-200.1% | -$24K+53.3% | -$52K-90.3% | -$27K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VTSI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.8%-3.2pp | 69.0%-3.6pp | 72.6%+5.1pp | 67.5%-23.4pp | 90.9%+26.8pp | 64.2%-20.1pp | 84.3%+13.0pp | 71.2% |
| Operating Margin | -8.4%-21.5pp | 13.1%-6.0pp | 19.1%+29.0pp | -9.9%-28.6pp | 18.6%+9.8pp | 8.8%-21.6pp | 30.5%+8.4pp | 22.1% |
| Net Margin | -7.3%-9.8pp | 2.5%-15.1pp | 17.6%+34.0pp | -16.3%-36.1pp | 19.8%+13.4pp | 6.4%-26.2pp | 32.6%+11.0pp | 21.6% |
| Return on Equity | N/A | 0.4%-2.3pp | 2.7%+1.4pp | 1.3%-1.4pp | 2.6%+1.6pp | 1.1%-7.1pp | 8.2%+4.0pp | 4.1% |
| Return on Assets | -0.6%-0.9pp | 0.3%-1.6pp | 1.9%+3.3pp | -1.4%-3.2pp | 1.8%+1.1pp | 0.7%-4.4pp | 5.0%+2.6pp | 2.4% |
| Current Ratio | 4.400.0 | 4.40-0.1 | 4.54-0.1 | 4.61-0.0 | 4.65+1.3 | 3.31+0.2 | 3.16+0.5 | 2.69 |
| Debt-to-Equity | 0.410.0 | 0.420.0 | 0.42+0.3 | 0.17-0.3 | 0.45-0.1 | 0.58-0.0 | 0.62-0.1 | 0.73 |
| FCF Margin | -1.1%-78.7pp | 77.6%+82.6pp | -5.1%+14.4pp | -19.5%+45.2pp | -64.7%-113.6pp | 48.9%+33.2pp | 15.7%-35.7pp | 51.4% |
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Frequently Asked Questions
What is Virtra Inc's annual revenue?
Virtra Inc (VTSI) reported $26.4M in total revenue for fiscal year 2024. This represents a -32.1% 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 Virtra Inc's revenue growing?
Virtra Inc (VTSI) revenue declined by 32.1% year-over-year, from $38.8M to $26.4M in fiscal year 2024.
Is Virtra Inc profitable?
Yes, Virtra Inc (VTSI) reported a net income of $1.4M in fiscal year 2024, with a net profit margin of 5.2%.
What is Virtra Inc's earnings per share (EPS)?
Virtra Inc (VTSI) reported diluted earnings per share of $0.12 for fiscal year 2024. This represents a -85.9% 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 Virtra Inc's EBITDA?
Virtra Inc (VTSI) had EBITDA of $3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Virtra Inc have?
As of fiscal year 2024, Virtra Inc (VTSI) had $18.0M in cash and equivalents against $7.8M in long-term debt.
What is Virtra Inc's gross margin?
Virtra Inc (VTSI) had a gross margin of 73.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Virtra Inc's operating margin?
Virtra Inc (VTSI) had an operating margin of 7.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Virtra Inc's net profit margin?
Virtra Inc (VTSI) had a net profit margin of 5.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Virtra Inc's return on equity (ROE)?
Virtra Inc (VTSI) has a return on equity of 3.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Virtra Inc's free cash flow?
Virtra Inc (VTSI) generated -$588K in free cash flow during fiscal year 2024. This represents a -110.6% 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 Virtra Inc's operating cash flow?
Virtra Inc (VTSI) generated $1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Virtra Inc's total assets?
Virtra Inc (VTSI) had $65.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Virtra Inc's capital expenditures?
Virtra Inc (VTSI) invested $1.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Virtra Inc spend on research and development?
Virtra Inc (VTSI) invested $3.0M in research and development during fiscal year 2024.
How many shares does Virtra Inc have outstanding?
Virtra Inc (VTSI) had 11M shares outstanding as of fiscal year 2024.
What is Virtra Inc's current ratio?
Virtra Inc (VTSI) had a current ratio of 4.61 as of fiscal year 2024, which is generally considered healthy.
What is Virtra Inc's debt-to-equity ratio?
Virtra Inc (VTSI) had a debt-to-equity ratio of 0.17 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Virtra Inc's return on assets (ROA)?
Virtra Inc (VTSI) had a return on assets of 2.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Virtra Inc's Altman Z-Score?
Virtra Inc (VTSI) has an Altman Z-Score of 2.91, placing it in the Grey Zone (moderate 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 Virtra Inc's Piotroski F-Score?
Virtra Inc (VTSI) has a Piotroski F-Score of 4 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 Virtra Inc's earnings high quality?
Virtra Inc (VTSI) has an earnings quality ratio of 0.92x, considered mixed 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.
How financially healthy is Virtra Inc?
Virtra Inc (VTSI) scores 42 out of 100 on our Financial Profile, indicating moderate 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.