Virtra Inc Financials
This page shows Virtra Inc (VTSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
VirTra’s gross-margin-rich model is being constrained by fixed operating costs, making earnings highly sensitive to order volume.
In FY2025, cash conversion looked stronger than profit: operating cash flow reached$4.6M while net income was only$258K , largely because working capital unwound as receivables and inventory both fell from FY2024. So the move back to positive free cash flow came more from cash being released off the balance sheet than from the core earnings engine regaining FY2023 strength.
The important pattern across FY2023-FY2025 is gross-margin resilience paired with below-the-line compression: gross margin stayed above
The balance sheet still looks liquid and lightly levered: cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Virtra Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Virtra Inc has an operating margin of 1.9%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 7.6% the prior year.
Virtra Inc's revenue declined 15% year-over-year, from $26.4M to $22.4M. 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 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.01, Virtra Inc holds $4.01 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Virtra Inc has a free cash flow margin of 13.7%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Virtra Inc generates a 0.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 3.0% the prior year.
Virtra Inc scores 2.39, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Virtra Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Virtra Inc generates $17.75 in operating cash flow ($4.6M OCF vs $258K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Virtra Inc generated $22.4M in revenue in fiscal year 2025. This represents a decrease of 15.0% from the prior year.
Virtra Inc's EBITDA was $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.8% from the prior year.
Virtra Inc reported $258K in net income in fiscal year 2025. This represents a decrease of 81.0% from the prior year.
Virtra Inc earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 83.3% from the prior year.
Cash & Balance Sheet
Virtra Inc generated $3.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 622.3% from the prior year.
Virtra Inc held $18.6M in cash against $7.5M in long-term debt as of fiscal year 2025.
Virtra Inc had 11M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Margins & Returns
Virtra Inc's gross margin was 67.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.8 percentage points from the prior year.
Virtra Inc's operating margin was 1.9% in fiscal year 2025, reflecting core business profitability. This is down 5.6 percentage points from the prior year.
Virtra Inc's net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Virtra Inc's ROE was 0.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.
Capital Allocation
Virtra Inc invested $2.4M in research and development in fiscal year 2025. This represents a decrease of 20.6% from the prior year.
Virtra Inc invested $1.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.9% from the prior year.
VTSI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M+19.3% | $2.9M-45.6% | $5.3M-23.3% | $7.0M-2.5% | $7.2M+31.5% | $5.4M-27.2% | $7.5M+23.2% | $6.1M |
| Cost of Revenue | $1.3M+8.3% | $1.2M-32.4% | $1.8M-15.4% | $2.2M+10.3% | $2.0M+11.0% | $1.8M-10.9% | $2.0M+260.9% | $550K |
| Gross Profit | $2.1M+27.4% | $1.7M-52.4% | $3.5M-26.9% | $4.8M-7.4% | $5.2M+41.4% | $3.7M-33.1% | $5.5M-0.5% | $5.5M |
| R&D Expenses | $501K+5.0% | $477K-30.8% | $690K+13.4% | $608K-0.2% | $609K+85.6% | $328K-70.9% | $1.1M+31.7% | $855K |
| SG&A Expenses | $3.0M+14.2% | $2.6M-20.9% | $3.3M-0.3% | $3.3M+2.2% | $3.2M-17.2% | $3.9M+7.5% | $3.6M+2.2% | $3.5M |
| Operating Income | -$1.3M+4.8% | -$1.4M-209.8% | -$450K-149.2% | $914K-33.2% | $1.4M+352.8% | -$541K-171.6% | $756K-33.2% | $1.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $54K+123.2% | -$232K-927.2% | $28K+412.1% | -$9K-108.8% | $102K+27.0% | $80K-61.4% | $208K+137.5% | $88K |
| Net Income | -$1.3M-67.7% | -$792K-103.9% | -$389K-321.6% | $175K-86.1% | $1.3M+242.3% | -$888K-252.3% | $583K-51.4% | $1.2M |
| EPS (Diluted) | $-0.12 | N/A | $-0.03-250.0% | $0.02-81.8% | $0.11 | N/A | $0.05-54.5% | $0.11 |
VTSI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $63.2M-3.0% | $65.1M-1.6% | $66.2M-1.7% | $67.4M+0.9% | $66.8M+2.8% | $65.0M-1.7% | $66.1M+0.1% | $66.0M |
| Current Assets | $39.3M-4.3% | $41.0M-3.7% | $42.6M-3.5% | $44.1M-2.4% | $45.2M+2.9% | $44.0M-2.2% | $44.9M+1.3% | $44.3M |
| Cash & Equivalents | $17.9M-4.0% | $18.6M-10.5% | $20.8M+0.3% | $20.7M+17.5% | $17.6M-2.4% | $18.0M-8.3% | $19.7M+6.8% | $18.4M |
| Inventory | $14.4M+10.0% | $13.1M+5.9% | $12.3M-3.7% | $12.8M-14.6% | $15.0M+2.8% | $14.6M+4.8% | $13.9M+3.3% | $13.5M |
| Accounts Receivable | $4.9M-10.6% | $5.5M+9.8% | $5.0M-22.3% | $6.4M-27.6% | $8.9M+18.6% | $7.5M+4.0% | $7.2M-20.9% | $9.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $18.8M-3.6% | $19.5M+0.9% | $19.4M-3.3% | $20.0M+1.1% | $19.8M+0.3% | $19.8M-0.8% | $19.9M-3.4% | $20.6M |
| Current Liabilities | $10.0M-2.3% | $10.2M+5.6% | $9.7M-3.4% | $10.0M+0.6% | $10.0M+3.4% | $9.6M+7.7% | $9.0M-6.2% | $9.5M |
| Long-Term Debt | N/A | $7.5M | N/A | N/A | N/A | $7.8M | N/A | N/A |
| Total Equity | $44.3M-2.8% | $45.6M-1.6% | $46.3M-1.1% | $46.8M+0.8% | $46.5M+2.9% | $45.2M-1.0% | $45.7M+1.6% | $44.9M |
| Retained Earnings | $11.2M-10.6% | $12.5M-9.3% | $13.8M-2.7% | $14.2M+1.2% | $14.0M+14.4% | $12.3M-10.1% | $13.7M+4.5% | $13.1M |
VTSI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$580K+61.2% | -$1.5M-4215.5% | $36K-99.4% | $6.0M+9005.9% | $66K+107.2% | -$909K-201.2% | $898K+123.2% | -$3.9M |
| Capital Expenditures | $10.8M+1652.4% | $616K+732.1% | -$97K-117.2% | $568K+32.6% | $428K+179.4% | $153K+83.7% | $83K+34.5% | $62K |
| Free Cash Flow | -$11.4M-438.8% | -$2.1M-3353.8% | -$61K-101.1% | $5.4M+1592.7% | -$363K+65.8% | -$1.1M-230.4% | $814K+120.7% | -$3.9M |
| Investing Cash Flow | -$97K+84.3% | -$616K-732.1% | $97K+103.4% | -$2.8M-561.5% | -$428K-179.4% | -$153K-83.7% | -$83K-34.5% | -$62K |
| Financing Cash Flow | -$67K-11.2% | -$60K+5.8% | -$64K-1.0% | -$63K+3.2% | -$66K+88.4% | -$566K-227.8% | $443K+704.4% | -$73K |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4%+3.9pp | 57.5%-8.3pp | 65.8%-3.2pp | 69.0%-3.6pp | 72.6%+5.1pp | 67.5%-5.9pp | 73.5%-17.5pp | 90.9% |
| Operating Margin | -38.2%+9.6pp | -47.9%-39.5pp | -8.4%-21.5pp | 13.1%-6.0pp | 19.1%+29.0pp | -9.9%-20.0pp | 10.1%-8.5pp | 18.6% |
| Net Margin | -38.2%-11.0pp | -27.2%-19.9pp | -7.3%-9.8pp | 2.5%-15.1pp | 17.6%+34.0pp | -16.3%-24.1pp | 7.8%-12.0pp | 19.8% |
| Return on Equity | -3.0%-1.3pp | -1.7%-0.9pp | -0.8%-1.2pp | 0.4%-2.4pp | 2.7%+4.7pp | -2.0%-3.3pp | 1.3%-1.4pp | 2.7% |
| Return on Assets | -2.1%-0.9pp | -1.2%-0.6pp | -0.6%-0.9pp | 0.3%-1.6pp | 1.9%+3.3pp | -1.4%-2.3pp | 0.9%-0.9pp | 1.8% |
| Current Ratio | 3.93-0.1 | 4.01-0.4 | 4.400.0 | 4.40-0.1 | 4.54-0.0 | 4.56-0.5 | 5.02+0.4 | 4.65 |
| Debt-to-Equity | 0.43+0.3 | 0.17-0.3 | 0.420.0 | 0.430.0 | 0.43+0.3 | 0.17-0.3 | 0.44-0.0 | 0.46 |
| FCF Margin | -327.6%-255.1pp | -72.5%-71.4pp | -1.1%-78.7pp | 77.6%+82.6pp | -5.1%+14.4pp | -19.5%-30.4pp | 10.9%+75.6pp | -64.7% |
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Frequently Asked Questions
What is Virtra Inc's annual revenue?
Virtra Inc (VTSI) reported $22.4M in total revenue for fiscal year 2025. This represents a -15.0% 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 15% year-over-year, from $26.4M to $22.4M in fiscal year 2025.
Is Virtra Inc profitable?
Yes, Virtra Inc (VTSI) reported a net income of $258K in fiscal year 2025, with a net profit margin of 1.1%.
What is Virtra Inc's EBITDA?
Virtra Inc (VTSI) had EBITDA of $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Virtra Inc have?
As of fiscal year 2025, Virtra Inc (VTSI) had $18.6M in cash and equivalents against $7.5M in long-term debt.
What is Virtra Inc's gross margin?
Virtra Inc (VTSI) had a gross margin of 67.9% in fiscal year 2025, 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 1.9% in fiscal year 2025, 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 1.1% in fiscal year 2025, 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 0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Virtra Inc's free cash flow?
Virtra Inc (VTSI) generated $3.1M in free cash flow during fiscal year 2025. This represents a 622.3% 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 $4.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Virtra Inc's total assets?
Virtra Inc (VTSI) had $65.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Virtra Inc's capital expenditures?
Virtra Inc (VTSI) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Virtra Inc spend on research and development?
Virtra Inc (VTSI) invested $2.4M in research and development during fiscal year 2025.
What is Virtra Inc's current ratio?
Virtra Inc (VTSI) had a current ratio of 4.01 as of fiscal year 2025, 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 2025, 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 0.4% for fiscal year 2025, 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 2.39, 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 to 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 17.75x, 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.
How financially healthy is Virtra Inc?
Virtra Inc (VTSI) scores 48 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.