VirTra, Inc. (VTSI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VTSI SEC filings page.
VirTra, Inc. (VTSI) reported $22.4M in revenue for fiscal year 2025, down 15.0% from the prior fiscal year. This page shows its 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 profitability is cyclical: 2023's strong margins faded by 2025, while working-capital release kept cash generation positive.
In FY2025, operating cash flow of$4.6M exceeded net income of$258K , while inventory and receivables both declined from FY2024; cash therefore came partly from releasing working capital rather than earnings alone.
Gross margin held up at
The balance sheet remains lightly leveraged relative to equity: debt-to-equity was 0.2x in FY2025 versus 0.0x in FY2023, while the current ratio was 4.0x, leaving short-term obligations backed by a broad pool of current assets. FY2025 capital expenditures of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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 56/100, indicating healthy but not exceptional operating efficiency. This is down from 7.6% the prior year.
VirTra, Inc.'s revenue declined 15.0% year-over-year, from $26.4M to $22.4M. This contraction results in a growth score of 3/100.
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 88/100.
VirTra, Inc. has a free cash flow margin of 13.7%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
VirTra, Inc.'s ROE of 0.6% shows moderate profitability relative to equity, earning a score of 44/100. This is down from 3.0% the prior year.
VirTra, Inc. scores 2.12, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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 $5.8M in revenue in Q2 2026. This represents a decrease of 17.4% from the same quarter a year earlier. Against the prior quarter it is up 65.9%.
VirTra, Inc.'s EBITDA was $333K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 76.7% from the same quarter a year earlier. Against the prior quarter it is up 138.8%.
VirTra, Inc. reported -$261K in net income in Q2 2026. This represents a decrease of 249.0% from the same quarter a year earlier. Against the prior quarter it is up 80.3%.
VirTra, Inc. earned -$0.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 200.0% from the same quarter a year earlier. Against the prior quarter it is up 83.3%.
Cash & Balance Sheet
VirTra, Inc. held $14.3M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
VirTra, Inc.'s gross margin was 59.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 9.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.
VirTra, Inc.'s operating margin was -3.3% in Q2 2026, reflecting core business profitability. This is down 16.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 35.0 percentage points.
VirTra, Inc.'s net profit margin was -4.5% in Q2 2026, showing the share of revenue converted to profit. This is down 7.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 33.7 percentage points.
VirTra, Inc.'s ROE was -0.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.
Capital Allocation
VirTra, Inc. invested $435K in research and development in Q2 2026. This represents a decrease of 28.4% from the same quarter a year earlier. Against the prior quarter it is down 13.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
VTSI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M-17.4% | $3.5M-51.5% | $2.9M-46.5% | $5.3M-28.5% | $7.0M+14.9% | $7.2M-2.5% | $5.4M-47.5% | $7.5M-1.0% |
| Cost of Revenue | $2.3M+8.4% | $1.3M-31.7% | $1.2M-30.0% | $1.8M-7.8% | $2.2M+293.6% | $2.0M-25.4% | $1.8M+3.6% | $2.0M-8.7% |
| Gross Profit | $3.4M-29.0% | $2.1M-58.9% | $1.7M-54.4% | $3.5M-36.0% | $4.8M-12.9% | $5.2M+10.2% | $3.7M-57.6% | $5.5M+2.1% |
| R&D Expenses | $435K-28.4% | $501K-17.8% | $477K+45.3% | $690K-38.8% | $608K-28.9% | $609K-12.2% | $328K-60.4% | $1.1M+131.1% |
| SG&A Expenses | $3.2M-3.7% | $3.0M-8.0% | $2.6M-33.3% | $3.3M-9.3% | $3.3M-7.0% | $3.2M-4.5% | $3.9M-22.5% | $3.6M+12.0% |
| Operating Income | -$187K-120.5% | -$1.3M-197.1% | -$1.4M-157.7% | -$450K-159.6% | $914K-19.2% | $1.4M+110.3% | -$541K-119.2% | $756K-54.7% |
| EBITDA | $333K-76.7% | -$858K-150.9% | -$584K-144.8% | -$328K-130.8% | $1.4M+0.5% | $1.7M+89.9% | -$239K-107.8% | $1.1M-43.7% |
| Income Tax | $88K+1082.7% | $54K-47.1% | -$232K-389.4% | $28K-86.5% | -$9K-110.3% | $102K-80.1% | $80K+281.1% | $208K-14.9% |
| Net Income | -$261K-249.0% | -$1.3M-205.1% | -$792K+10.8% | -$389K-166.6% | $175K-85.4% | $1.3M+170.0% | -$888K-129.2% | $583K-64.3% |
| EPS (Basic) | -$0.02-200.0% | -$0.12-209.1% | -$0.07+53.3% | -$0.03-160.0% | $0.02-81.8% | $0.11+175.0% | -$0.15-144.1% | $0.05-66.7% |
| EPS (Diluted) | -$0.02-200.0% | -$0.12-209.1% | -$0.07 | -$0.03-160.0% | $0.02-81.8% | $0.11+175.0% | -$0.15 | $0.05-66.7% |
| Diluted Shares (Avg) | 11M+0.4% | 11M+1.3% | N/A | 11M+0.8% | 11M+1.8% | 11M+1.8% | N/A | 11M+2.1% |
Not reported in any period shown, so not listed: Interest Expense.
VTSI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $66.2M-1.8% | $63.2M-5.5% | $65.1M+0.3% | $66.2M+0.2% | $67.4M+2.0% | $66.8M-3.7% | $65.0M-7.7% | $66.1M-3.6% |
| Current Assets | $38.2M-13.5% | $39.3M-13.2% | $41.0M-6.7% | $42.6M-5.2% | $44.1M-0.5% | $45.2M-4.8% | $44.0M-11.6% | $44.9M-3.2% |
| Cash & Equivalents | $14.3M-30.8% | $17.9M+1.3% | $18.6M+3.1% | $20.8M+5.6% | $20.7M+12.4% | $17.6M-21.4% | $18.0M-4.3% | $19.7M+14.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $14.2M+10.8% | $14.4M-4.1% | $13.1M-10.4% | $12.3M-11.3% | $12.8M-4.9% | $15.0M+21.9% | $14.6M+17.6% | $13.9M+29.1% |
| Accounts Receivable | $4.5M-30.8% | $4.9M-44.8% | $5.5M-26.7% | $5.0M-30.6% | $6.4M-29.3% | $8.9M-13.5% | $7.5M-54.4% | $7.2M-48.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $22.1M+10.3% | $18.8M-4.9% | $19.5M-1.1% | $19.4M-2.7% | $20.0M-2.8% | $19.8M-22.0% | $19.8M-26.8% | $19.9M-31.0% |
| Current Liabilities | $9.8M-2.1% | $10.0M+0.2% | $10.2M+6.0% | $9.7M+8.1% | $10.0M+5.1% | $10.0M-30.5% | $9.6M-38.8% | $9.0M-48.0% |
| Non-Current Liabilities | $12.3M+22.7% | $8.9M-10.0% | $9.3M-7.9% | $9.7M-11.6% | $10.0M-9.7% | $9.8M-10.9% | $10.1M-10.1% | $11.0M-5.7% |
| Long-Term Debt | N/A | N/A | $7.5M-3.3% | N/A | N/A | N/A | $7.8M+5955.1% | N/A |
| Total Equity | $44.1M-5.9% | $44.3M-4.7% | $45.6M+0.9% | $46.3M+1.5% | $46.8M+4.3% | $46.5M+6.9% | $45.2M+5.4% | $45.7M+15.1% |
| Retained Earnings | $10.9M-23.0% | $11.2M-20.2% | $12.5M+2.1% | $13.8M+1.2% | $14.2M+8.7% | $14.0M+18.2% | $12.3M+7.6% | $13.7M+73.7% |
Not reported in any period shown, so not listed: Goodwill.
VTSI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.1M-135.8% | -$580K-983.5% | -$1.5M-64.6% | $36K-96.0% | $6.0M+254.6% | $66K-98.7% | -$909K-139.2% | $898K-77.8% |
| Depreciation & Amortization | $520K+1.4% | $470K+48.4% | $810K+167.9% | $123K-60.4% | $513K+77.9% | $317K+33.9% | $302K+33.2% | $309K+39.6% |
| Stock-Based Compensation | N/A | $42K+43.9% | N/A | N/A | N/A | $30K-78.9% | N/A | N/A |
| Capital Expenditures | N/A | N/A | $616K+302.0% | -$97K+16.8% | $568K+815.9% | $428K-72.3% | $153K-75.1% | $83K-49.9% |
| Free Cash Flow | N/A | N/A | -$2.1M-98.9% | -$61K-107.5% | $5.4M+237.7% | -$363K-110.1% | -$1.1M-162.4% | $814K-79.0% |
| Investing Cash Flow | -$1.3M+52.5% | -$97K+77.4% | -$616K-302.0% | $97K+216.8% | -$2.8M-4468.4% | -$428K+72.3% | -$153K+75.1% | -$83K+49.9% |
| Financing Cash Flow | -$55K+13.4% | -$67K-2.5% | -$60K+89.3% | -$64K-114.5% | -$63K+13.4% | -$66K-168.5% | -$566K-982.3% | $443K+1711.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
VTSI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.3%-9.7pp | 61.4%-11.2pp | 57.5%-10.0pp | 65.8%-7.7pp | 69.0%-22.0pp | 72.6%+8.4pp | 67.5%-16.0pp | 73.5%+2.2pp |
| Operating Margin | -3.3%-16.4pp | -38.2%-57.3pp | -47.9%-37.9pp | -8.4%-18.5pp | 13.1%-5.5pp | 19.1%+10.3pp | -9.9%-37.1pp | 10.1%-12.0pp |
| Net Margin | -4.5%-7.0pp | -38.2%-55.9pp | -27.2%-10.9pp | -7.3%-15.0pp | 2.5%-17.3pp | 17.6%+11.3pp | -16.3%-45.7pp | 7.8%-13.8pp |
| Return on Equity | -0.6%-1.0pp | -3.0%-5.7pp | -1.7%+0.2pp | -0.8%-2.1pp | 0.4%-2.3pp | 2.7%+1.6pp | -2.0%-9.1pp | 1.3%-2.8pp |
| Return on Assets | -0.4%-0.7pp | -2.1%-4.0pp | -1.2%+0.1pp | -0.6%-1.5pp | 0.3%-1.6pp | 1.9%+1.2pp | -1.4%-5.7pp | 0.9%-1.5pp |
| Current Ratio | 3.89-0.5x | 3.93-0.6x | 4.01-0.5x | 4.40-0.6x | 4.40-0.2x | 4.54+1.2x | 4.56+1.4x | 5.02+2.3x |
| Debt-to-Equity | 0.50+0.1x | 0.430.0x | 0.170.0x | 0.420.0x | 0.430.0x | 0.43-0.2x | 0.17+0.2x | 0.44-0.3x |
| Asset Turnover | 0.090.0x | 0.06-0.1x | 0.040.0x | 0.080.0x | 0.100.0x | 0.110.0x | 0.08-0.1x | 0.110.0x |
| FCF Margin | N/A | N/A | -72.5%-53.0pp | -1.1%-12.0pp | 77.6%+142.3pp | -5.1%-53.9pp | -19.5%-35.9pp | 10.9%-40.5pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VirTra, Inc. VTSI | FY2025 | $22.4M | $258K | 1.1% | $30.0M | 59/100 |
| Aware Inc AWRE | FY2025 | $17.3M | $5.9M | 34.0% | $22.7M | 39/100 |
| mF International Limited MFI | FY2025 | $4.3M | $10.1M | N/A | $451.6M | 38/100 |
| Roadzen, Inc. RDZN | FY2026 | $55.0M | -$22.5M | -40.9% | $96.2M | 30/100 |
| Hitek Global Inc. HKIT | FY2025 | $6.5M | $180K | 2.8% | $22.7M | 50/100 |
Where VirTra, Inc. Ranks
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 15.0% 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 P/E ratio?
VirTra, Inc. (VTSI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $30.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VirTra, Inc.'s price-to-sales ratio?
VirTra, Inc. (VTSI) trades at 1.7x sales, its market capitalization divided by revenue of $17.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $30.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VirTra, Inc.'s Altman Z-Score?
VirTra, Inc. (VTSI) has an Altman Z-Score of 2.12, 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 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.