Virtuix Reports First Quarter Fiscal Year 2027 Results as Omni One Orders Increase 150% Following Meta Launch
Rhea-AI Summary
Virtuix (NASDAQ: VTIX) reported first quarter fiscal 2027 results for the period ended June 30, 2026. New orders for Omni One systems rose 72% year-over-year and approximately 150% since the launch of Omni One for Quest in collaboration with Meta, with momentum continuing into the current quarter. Net sales declined to $0.8 million from $1.0 million, reflecting completion of the legacy preorder backlog last year and a shift to newly acquired customers.
Gross profit increased 29% to $227,158 and gross margin expanded to 30% from 17%, driven by higher Omni One pricing. Operating expenses rose 86% to $4.1 million and total other expense reached $3.2 million, largely from non-cash interest and financing items, widening net loss to $7.2 million. Cash stood at $7.4 million. The company highlighted defense growth (Marine Corps trainers, Air Force SBIR award, Air National Guard deployment), expansion into enterprise robotics via a first sale to Tesla’s Optimus program, NASA’s Moon and Mars Exploration Analog mission, and a healthcare partnership with Sirica Therapeutics.
Positive
- Omni One orders +72% YoY and ~150% since Omni One for Quest launch
- Gross profit up 29% to $227,158; gross margin improved to 30% from 17%
- Defense pipeline expanded with Marine Corps trainers, Air Force SBIR Phase I, and first Air National Guard deployment
- Enterprise and robotics expansion with first Omni One Enterprise sale to Tesla’s Optimus humanoid robot division
- Strategic missions including selection for NASA’s Moon and Mars Exploration Analog starting in 2027
- Healthcare entry via Sirica Therapeutics partnership, with two systems delivered and plans for ~100 treatment centers
Negative
- Net sales declined 26% year-over-year to $0.8 million from $1.0 million
- Net loss widened to $7.2 million from $2.3 million year-over-year
- Adjusted EBITDA loss increased to $3.1 million from $1.9 million
- Operating expenses rose 86% to $4.1 million, including $0.7 million higher stock compensation and $1.2 million more professional fees
- Other expense climbed to $3.2 million, including $2.5 million interest and debt discount amortization plus $0.6 million financing expense
- Cash balance decreased to $7.4 million at June 30, 2026 from $9.5 million at March 31, 2026
News Explained
The completed quarter shows a larger share base and current notes payable exceeding cash, affecting ownership and disclosed liquidity.
In the completed first-quarter report, Class A shares issued and outstanding rose from
If that increase reflects additional shares, the supplied dilution definition means existing holders’ percentage ownership is reduced absent offsetting changes.
At
Market reaction after 1Q27 earnings report: VTIX +12.06%
Following this news, VTIX has gained 12.06%, reflecting a significant positive market reaction. Argus tracked a peak move of +42.5% during the session. Our momentum scanner has triggered 51 alerts so far, indicating high trading interest and price volatility. The stock is currently trading at $1.82.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 02 | Analyst rating update | Positive | -7.4% | Rating reiteration cited revenue growth, Meta distribution, defense activity, and projected future expansion. |
| Mar 05 | Quarterly earnings report | Positive | -8.5% | Nine-month sales growth and improving margins accompanied expansion across consumer, enterprise, and defense markets. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Both available earnings-tag events produced negative 24-hour reactions despite positive or growth-oriented disclosures.
Key Terms
gross margin financial
adjusted ebitda financial
convertible notes financial
sbir regulatory
counter-uas technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Orders Increased
Gross Profit Increased
Defense Expansion Accelerates with Counter-UAS Trainer and Infantry Fireteam Trainer for U.S. Marine Corps, SBIR Phase I Award from U.S. Air Force, and First Deployment to Air National Guard
Omni One Enterprise Expands to Tesla for Humanoid Robot Teleoperation, NASA for Moon and Mars Exploration Analog Mission, and Sirica Therapeutics for AI-Driven Healthcare
Management to Host Conference Call Tomorrow at 8:30 a.m. Eastern Time
AUSTIN, Texas, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Virtuix Holdings Inc. (NASDAQ: VTIX) (the “Company”), a leading developer of AI-driven, full-body simulation systems, today reported financial and operational results for the first quarter of fiscal year 2027 ended June 30, 2026.
Key First Quarter Fiscal 2027 Results and Subsequent Highlights
- New orders for Omni One systems in the quarter increased
72% year-over-year and approximately150% since the launch of Omni One for Quest compared to the same period last year, with similar momentum continuing into the current quarter. - Net sales were
$0.8 million compared to$1.0 million in the prior-year period, which benefited from fulfilment of the final batch of legacy backlog accumulated since 2023. Current-quarter revenue was generated from newly acquired customers. - Gross profit increased
29% and gross margin expanded to30% from17% in the prior-year period, reflecting higher Omni One system pricing. - Net loss per share narrowed from (
$0.28) t o ($0.22) per share. - Advanced its U.S. Marine Corps Infantry Fireteam Trainer as lead systems integrator with the selection of AVRT to provide weapons tracking and immersive training content. Delivery of the pilot system to the U.S. Marine Corps in Quantico, VA, is expected in the fourth calendar quarter of 2026.
- Entered the counter-drone training market through integration with LeadTech's Counter-UAS Personnel Trainer for evaluation by the U.S. Marine Corps.
- Awarded U.S. Air Force funding under Phase I of the AFWERX SBIR program to advance development of its Virtual Terrain Walk (“VTW”) platform for military mission planning and leader rehearsals.
- Delivered an Omni One system to the Pennsylvania Air National Guard for use of AI-driven virtual reality military training, marking the Company's first deployment with the Air National Guard.
- Sold its first Omni One Enterprise system to Tesla, Inc. for the company’s Optimus humanoid robot division, where the system is being used for teleoperation, enabling an operator to remotely control a humanoid robot in real time.
- Won the Company’s second consecutive 2026 Auggie Award for Best Interaction Product at Augmented World Expo, recognizing Omni One as part of a humanoid robot teleoperation system developed with the University of Central Florida’s Institute for Simulation & Training.
- Selected for NASA's Moon and Mars Exploration Analog (MMEA) mission, with Omni One supporting simulated extravehicular activities during a year-long study beginning in 2027.
- Partnered with Sirica Therapeutics to advance AI-driven autism therapy, delivering two Omni One systems to its treatment center. Sirica plans to establish approximately 100 treatment centers nationwide.
Management Commentary
“The first quarter of fiscal 2027 was one of the strongest commercial quarters in our Company’s recent history,” said Jan Goetgeluk, CEO of Virtuix. “New orders for Omni One systems increased
“While reported revenue was lower year-over-year, that comparison reflects the completion of our legacy preorder backlog: revenue in the prior-year period was driven largely by the fulfillment of the final batch of the large backlog of Omni One orders accumulated since the start of our preorder period in August 2023, whereas revenues this quarter resulted from sales to newly acquired customers. We believe new orders are the better forward indicator of the accelerating demand we are currently seeing.
“Our unit economics also continued to improve. Gross profit increased
"The launch of the Made for Meta certified Omni One for Quest has expanded our addressable market to millions of active Quest users and is already reshaping our order profile. We believe it represents an important step toward our goal of driving continued consumer sales growth and bringing our immersive, physically engaging entertainment experience to millions of households nationwide. We believe we are only scratching the surface of the potential of our Meta partnership, as we are exploring joint marketing opportunities and the bundling of Virtuix and Meta products.
“Our defense business continues to gain momentum. As lead systems integrator, we’re advancing the development of the U.S. Marine Corps Infantry Fireteam Trainer, while also expanding into the counter-drone training market through LeadTech's C-UAS Personnel Trainer, and we completed our first deployment with the Air National Guard.
“We are also pursuing inorganic growth in the defense sector. Our special committee is actively reviewing acquisition opportunities in the defense training and simulation industry, with a focus on companies with annual revenues in the
"Beyond defense, we expanded into enterprise robotics through our first sale to Tesla's Optimus program, were selected for NASA's moon and mars mission, and earned our second consecutive Auggie Award, demonstrating the expanding commercial potential of Omni One."
“In healthcare, we signed a strategic partnership with Sirica Therapeutics and shipped two Omni One systems to Sirica’s San Francisco Bay Area treatment center to advance AI-driven autism therapy. Sirica announced plans to establish approximately 100 treatment centers nationwide, and we believe full-body movement within AI-enabled environments may play an increasingly important role across next-generation healthcare and therapeutic applications.
“Looking ahead, we are focused on converting the order momentum we are seeing in our consumer business into accelerating revenue growth, advancing our defense programs toward larger awards, completing one or more acquisitions in the defense space, and expanding into enterprise robotics and healthcare applications. Through our multi-use platform strategy, we intend to complement high-volume consumer sales with high-value defense and enterprise contracts, including recurring revenues from software licensing and customized simulation development. We look forward to additional updates in the coming months as we seek to bring long-term value to our stockholders,” concluded Goetgeluk.
First Quarter Financial Results
Net sales for the three months ended June 30, 2026 were
Gross profit in the three months ended June 30, 2026 increased
Total operating expenses increased by
Total other expense was
Net loss for the three months ended June 30, 2026 was (
Adjusted EBITDA loss for the three months ended June 30, 2026 was (
Net loss per basic and diluted share for the three months ended June 30, 2026 was (
Cash and cash equivalents totaled
First Quarter Fiscal Year 2027 Financial Results Conference Call
Virtuix Founder, Chief Executive Officer, and Chairman Jan Goetgeluk and Chief Financial Officer Thomas McGinnis will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed following the call via the investor relations section of the Company’s website here.
To access the call, please use the following information:
Date: Thursday, August 20, 2026
Time: 8:30 a.m. Eastern time
U.S. dial-in: 1-877-425-9470
International dial-in: 1-201-389-0878
Conference ID: 13761831
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1770243&tp_key=19ebd0fc8f
A telephone replay will be available approximately three hours after the call and will run through Thursday, September 3. To listen, please dial 1-844-512-2921 (U.S.) or 1-412-317-6671 (international) and use replay PIN 13761831. A webcast replay will also be available on the Company’s investor relations website.
Note About Non-GAAP Financial Measures
Adjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net loss adjusted to exclude: (i) provision for (benefit from) income taxes, (ii) interest expense, net, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) financing expense, (vi) loss on extinguishment of debt, and (vii) gains or losses from changes in the fair value of financial instruments. Adjusted EBITDA is not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”) and should not be considered in isolation or as a substitute for net loss or any other measure of performance calculated in accordance with GAAP. The Company believes Adjusted EBITDA provides useful supplemental information to investors regarding the performance of its ongoing operations, and management uses it to evaluate operating performance and allocate resources. Because Adjusted EBITDA is not determined in accordance with GAAP and is susceptible to varying calculations, it may not be comparable to similarly titled measures presented by other companies. A reconciliation of net loss, the most directly comparable GAAP measure, to Adjusted EBITDA is presented below.
| For the Three Months Ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| Reconciliation of GAAP net loss to Adjusted EBITDA | ||||||||
| NET LOSS | $ | (7,170,566 | ) | $ | (2,307,155 | ) | ||
| Plus: | ||||||||
| Taxes | 49,391 | 23,418 | ||||||
| Interest expense, net(1) | 2,539,429 | 119,114 | ||||||
| Depreciation and amortization | 142,953 | 158,776 | ||||||
| EBITDA | $ | (4,438,793 | ) | $ | (2,005,847 | ) | ||
| Plus: | ||||||||
| Stock-based compensation(2) | 722,937 | 10,897 | ||||||
| Financing expense(3) | 584,150 | 0 | ||||||
| Loss on extinguishment of debt | 431,224 | 122,864 | ||||||
| Less: | ||||||||
| Change in fair value of financial instruments | (372,350 | ) | 0 | |||||
| ADJUSTED EBITDA | $ | (3,072,832 | ) | $ | (1,872,086 | ) | ||
(1) Interest expense for the three months ended June 30, 2026 includes
(2) Stock-based compensation expense for the three months ended June 30, 2026 consisted of non-cash expenses of
(3) Financing expense represents a non-cash charge recognized in connection with amendments to certain outstanding warrants during the three months ended June 30, 2026.
About Virtuix
Virtuix Holdings Inc. (NASDAQ: VTIX) is a leading manufacturer of AI-driven, full-body simulation systems for consumer, enterprise, healthcare, and defense markets. The company’s premier portfolio of “Omni” omni-directional treadmills enables players to walk and run in 360 degrees without boundaries inside AI-generated worlds. With a focus on immersive entertainment, defense training, and enterprise applications, Virtuix continues to push the boundaries of full-body XR and AI-driven immersive experiences for users worldwide. For more information, visit virtuix.com.
Please visit the Company’s new Investor Relations website at invest.virtuix.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “would,” “potential,” “continue,” “focused,” “looking ahead,” “plans to,” “seek to,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s expectation that recent new order growth will continue and will convert into future revenue growth, including statements about accelerating consumer demand and similar momentum continuing into the current quarter; the Company’s plans to pursue strategic acquisitions in the defense training and simulation industry, including its focus on companies with annual revenues in the
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Company Contact
Lauren Premo
Virtuix Holdings Inc.
press@virtuix.com
Investor Relations Contact
Chris Tyson
MZ Group
Direct: 949-491-8235
VTIX@mzgroup.us
| VIRTUIX HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS JUNE 30, 2026 (UNAUDITED) AND MARCH 31, 2026 | ||||||||
| ASSETS | ||||||||
| March 31, | ||||||||
| June 30, 2026 | 2026 (As Revised) | |||||||
| CURRENT ASSETS | ||||||||
| Cash and cash equivalents | $ | 7,443,869 | $ | 9,471,288 | ||||
| Receivables, net of allowance for credit losses | 465,403 | 379,289 | ||||||
| Inventory | 1,373,385 | 1,188,623 | ||||||
| Prepaids and other current assets | 764,516 | 897,109 | ||||||
| TOTAL CURRENT ASSETS | 10,047,173 | 11,936,309 | ||||||
| NONCURRENT ASSETS | ||||||||
| Property and equipment | 1,414,460 | 1,413,294 | ||||||
| Less: accumulated depreciation | (1,066,258 | ) | (1,034,984 | ) | ||||
| Net property and equipment | 348,202 | 378,310 | ||||||
| Intangibles | 2,802,690 | 2,797,741 | ||||||
| Less: accumulated amortization | (1,370,066 | ) | (1,258,387 | ) | ||||
| Net intangibles | 1,432,624 | 1,539,354 | ||||||
| Investment in joint venture | - | 40,619 | ||||||
| Other assets | 50,975 | 87,264 | ||||||
| Right-of-use asset - operating | 701,512 | 779,514 | ||||||
| TOTAL NONCURRENT ASSETS | 2,533,313 | 2,825,061 | ||||||
| TOTAL ASSETS | $ | 12,580,486 | $ | 14,761,370 | ||||
| LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY | ||||||||
| March 31, | ||||||||
| June 30, 2026 | 2026 (As Revised) | |||||||
| CURRENT LIABILITIES | ||||||||
| Accounts payable | $ | 662,290 | $ | 721,792 | ||||
| Accrued expenses | 588,772 | 559,517 | ||||||
| Deferred revenue | 639,551 | 666,327 | ||||||
| Gift card liability | 445,744 | 446,252 | ||||||
| Current portion of notes payable, net of discount and unamortized deferred loan costs | 9,658,998 | 5,328,477 | ||||||
| Derivative liabilities at fair value | 1,900,649 | 2,709,817 | ||||||
| Current portion of EIDL loan | 576 | 570 | ||||||
| Lease liability - operating | 256,966 | 286,702 | ||||||
| TOTAL CURRENT LIABILITIES | 14,153,546 | 10,719,454 | ||||||
| LONG-TERM LIABILITIES | ||||||||
| Notes payable, net of discount and unamortized deferred loan costs | 1,039,518 | 2,428,835 | ||||||
| EIDL loan | 23,371 | 23,517 | ||||||
| Lease liability, net of current portion - operating | 444,546 | 492,812 | ||||||
| TOTAL LONG-TERM LIABILITIES | 1,507,435 | 2,945,164 | ||||||
| TOTAL LIABILITIES | 15,660,981 | 13,664,618 | ||||||
| STOCKHOLDERS’ (DEFICIT) EQUITY | ||||||||
| Class A common stock, $.001 par value, 300,000,000 shares authorized at June 30, 2026 and March 31, 2026 and 28,898,026 and 28,562,693 shares issued and outstanding at June 30, 2026 and March 31, 2026, respectively | 28,897 | 28,562 | ||||||
| Class B common stock, $.001 par value, 50,000,000 shares authorized at June 30, 2026 and March 31, 2026 and 4,000,000 shares issued and outstanding at June 30, 2026 and March 31, 2026 | 4,000 | 4,000 | ||||||
| Additional paid-in capital | 83,403,609 | 80,410,625 | ||||||
| Accumulated deficit | (86,517,001 | ) | (79,346,435 | ) | ||||
| TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY | (3,080,495 | ) | 1,096,752 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY | $ | 12,580,486 | $ | 14,761,370 | ||||
| VIRTUIX HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED) | ||||||||
| Three Months Ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| SALES | $ | 767,300 | 1,032,136 | |||||
| COST OF GOODS SOLD | 540,142 | 856,059 | ||||||
| GROSS PROFIT | 227,158 | 176,077 | ||||||
| OPERATING EXPENSES | ||||||||
| Selling expenses | 738,978 | 1,049,658 | ||||||
| General and administrative expenses | 3,080,778 | 959,392 | ||||||
| Research and development expenses | 309,375 | 208,716 | ||||||
| TOTAL OPERATING EXPENSES | 4,129,131 | 2,217,766 | ||||||
| LOSS FROM OPERATIONS | (3,901,973 | ) | (2,041,689 | ) | ||||
| OTHER INCOME (EXPENSE) | ||||||||
| Loss on disposal of assets | (5,132 | ) | - | |||||
| Interest income | 163 | 185 | ||||||
| Other income | 9,002 | - | ||||||
| Loss on extinguishment of debt | (431,224 | ) | (122,864 | ) | ||||
| Loss on derecognition of equity method investment | (40,619 | ) | - | |||||
| Change in fair value of derivative liabilities | 349,128 | - | ||||||
| Change in fair value of debt | 23,222 | - | ||||||
| Interest expense | (2,539,592 | ) | (119,299 | ) | ||||
| Financing expense | (584,150 | ) | - | |||||
| TOTAL OTHER EXPENSE, NET | (3,219,202 | ) | (241,978 | ) | ||||
| PROVISION FOR INCOME TAX | 49,391 | 23,418 | ||||||
| SHARE OF LOSS IN JOINT VENTURE | - | (70 | ) | |||||
| NET LOSS | $ | (7,170,566 | ) | $ | (2,307,155 | ) | ||
| Weighted average common shares outstanding: | ||||||||
| Basic and Diluted | 32,787,960 | 8,259,732 | ||||||
| Net loss per share: | ||||||||
| Basic and Diluted | $ | (0.22 | ) | $ | (0.28 | ) | ||
| VIRTUIX HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED) | ||||||||
| Three Months Ended June 30, | ||||||||
| 2026 | 2025 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net loss | $ | (7,170,566 | ) | $ | (2,307,155 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization expense | 142,953 | 158,776 | ||||||
| Amortization of discount on notes payable | 2,052,255 | 973 | ||||||
| Amortization of loan costs | 270,970 | 1,125 | ||||||
| Credit loss expense | 6,094 | 36,918 | ||||||
| Lease expense - right of use operating | 78,002 | 68,170 | ||||||
| Stock-based compensation | 619,857 | 10,897 | ||||||
| Change in fair value of derivative liabilities | (349,128 | ) | - | |||||
| Change in fair value of debt | (23,222 | ) | - | |||||
| Loss on disposal of assets | 5,132 | - | ||||||
| Loss on derecognition of the equity method investment | 40,619 | - | ||||||
| Share of loss in joint venture | - | 70 | ||||||
| Warrant modification expense | 584,150 | - | ||||||
| Loss on extinguishment of debt | 431,224 | 122,864 | ||||||
| Stock issuance in exchange for services | 103,080 | - | ||||||
| Payments on operating leases | (91,244 | ) | (82,591 | ) | ||||
| Due from related parties | - | 21,345 | ||||||
| (Increase) decrease in assets: | ||||||||
| Prepaid expenses and other current assets | 132,593 | 17,993 | ||||||
| Accounts receivable | (92,208 | ) | (53,222 | ) | ||||
| Other assets | 36,289 | 810 | ||||||
| Inventory | (184,762 | ) | 292,557 | |||||
| Increase (decrease) in liabilities: | ||||||||
| Accounts payable | (59,502 | ) | 351,188 | |||||
| Accrued expenses | 186,627 | 193,645 | ||||||
| Gift card liability | (508 | ) | - | |||||
| Operating lease liabilities | 13,242 | 14,421 | ||||||
| Deferred revenue | (26,776 | ) | (339,906 | ) | ||||
| CASH USED IN OPERATING ACTIVITIES | (3,294,829 | ) | (1,491,122 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Cash paid for purchases of property and equipment | (6,298 | ) | (1,304 | ) | ||||
| Cash paid for purchases of intangibles | (4,949 | ) | (2,192 | ) | ||||
| CASH USED IN INVESTING ACTIVITIES | (11,247 | ) | (3,496 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Issuance of preferred stock | - | 1,493,873 | ||||||
| Payments on short-term notes payable | (4,603 | ) | (110,992 | ) | ||||
| Payments on long-term notes payable | (140 | ) | (134 | ) | ||||
| Proceeds from short-term notes payable | - | 217,678 | ||||||
| Warrants exercised | 1,380,000 | 79 | ||||||
| Equity issuance costs | (96,600 | ) | - | |||||
| CASH PROVIDED BY FINANCING ACTIVITIES | 1,278,657 | 1,600,504 | ||||||
| NET (DECREASE) INCREASE IN CASH | (2,027,419 | ) | 105,886 | |||||
| CASH AT BEGINNING OF PERIOD | 9,471,288 | 477,908 | ||||||
| CASH AT END OF PERIOD | $ | 7,443,869 | $ | 583,794 | ||||