Virtuix Reports Third Quarter and Nine-Month Fiscal 2026 Financial Results

Rhea-AI Summary

Virtuix (NASDAQ: VTIX) reported net sales of $3.0 million for the nine months ended December 31, 2025, up 41% year-over-year, gross margin rising to 29% and operating expenses down 45% to $6.3 million. The company noted Q3 net sales of $1.0 million, Nasdaq listing on January 27, 2026, Meta “Made for Meta” partnership, European Omni One Core launch in April 2026, and defense test-unit sales to U.S. service academies and Yokota Air Base.

Management highlighted scaled manufacturing capacity up to 3,000 units per month and focus on consumer, enterprise, and defense expansion.

Positive

• Net sales +41% to $3.0 million in nine months
• Gross margin improved to 29% from (17%) year-over-year
• Operating expenses -45% to $6.3 million in nine months
• Nasdaq listing under ticker VTIX on January 27, 2026
• Manufacturing capacity scaled to 3,000 units/month (~$100M annual potential)

Negative

• Q3 revenue -24% to $1.0 million versus prior-year quarter
• Nine-month net loss of ($6.9) million
• Cash on hand only $1.1 million as of December 31, 2025
• Net cash used in operations $5.5 million in nine months

News Market Reaction – VTIX

-8.46%

8 alerts

-8.46% News Effect

-18.8% Trough in 27 hr 45 min

-$24M Valuation Impact

$255M Market Cap

0.3x Rel. Volume

On the day this news was published, VTIX declined 8.46%, reflecting a notable negative market reaction. Argus tracked a trough of -18.8% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $24M from the company's valuation, bringing the market cap to $255M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Net sales: $3.0M Gross margin: 29% Operating expenses: $6.3M +5 more

8 metrics

Net sales $3.0M Nine months ended Dec 31, 2025; up 41% from $2.1M prior year

Gross margin 29% Nine months ended Dec 31, 2025; improved from (17%) prior year

Operating expenses $6.3M Nine months ended Dec 31, 2025; down 45% from $11.4M

Net loss ($6.9M) Nine months ended Dec 31, 2025; improved from ($12.0M) prior year

Cash and equivalents $1.1M As of Dec 31, 2025; up from $0.5M as of Mar 31, 2025

Q3 net sales $1.0M Three months ended Dec 31, 2025; down 24% from $1.3M

Q3 gross margin 30% Three months ended Dec 31, 2025; improved from (2%) prior year

New orders growth 60% Increase in Omni One and Omni One Core orders, Dec 2025 vs Dec 2024

Market Reality Check

Price: $7.49 Vol: Volume 504,256 is 2.02x t...

high vol

$7.49 Last Close

Volume Volume 504,256 is 2.02x the 20-day average, indicating elevated interest into the earnings release. high

Technical Shares at $7.45 are trading above the 200-day MA of $6.98, but remain well below the $92.74 52-week high.

Peers on Argus

No peer stocks with momentum data were flagged, so the pre-earnings move in VTIX...

No peer stocks with momentum data were flagged, so the pre-earnings move in VTIX appears stock-specific rather than part of a sector-wide pattern.

Historical Context

5 past events · Latest: Feb 23 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 23	Earnings call preview	Neutral	-0.5%	Announcement of upcoming Q3 FY2026 results call and topics for discussion.
Feb 19	Nasdaq bell ceremony	Positive	+25.4%	Nasdaq closing bell event celebrating recent listing and public debut.
Feb 17	Meta partnership	Positive	+1.9%	Joining Meta’s “Made for Meta” program to expand Omni One compatibility.
Feb 11	European expansion	Positive	+3.1%	Launch of Omni One Core sales across key European markets with partner support.
Feb 03	AI defense update	Positive	-11.7%	AI-driven terrain integration into VTW defense system and early military adoption.

Pattern Detected

Recent corporate and AI/VR partnership news has more often led to aligned positive price reactions, with one notable negative divergence on an AI defense update.

Recent Company History

Over the last month, Virtuix transitioned from listing and branding milestones to deeper commercialization and AI-enhanced product news. The Nasdaq listing and bell-ringing on Feb 19 and prior drove a 25.37% gain, while joining Meta’s “Made for Meta” program and expanding Omni One to Europe also saw modest positive reactions. An AI terrain update on Feb 3 coincided with an -11.67% move, showing that technical product news can trade against its positive tone. Today’s earnings fit into this narrative of scaling VR hardware, AI, and defense applications post‑IPO.

Market Pulse Summary

The stock moved -8.5% in the session following this news. A negative reaction despite improving fund...

Analysis

The stock moved -8.5% in the session following this news. A negative reaction despite improving fundamentals would fit a pattern where not all positive announcements generated sustained gains, as seen with the AI terrain update that coincided with an -11.67% move. While revenue grew 41% and gross margin reached 29–30%, quarterly sales declined year over year and the company still reported a ($6.9M) nine‑month net loss, factors that could have weighed on sentiment.

Key Terms

health savings account, flexible spending account, ai-driven 3d reconstruction, virtual terrain walk, +3 more

7 terms

health savings account financial

"Omni One is eligible for purchase with Health Savings Account (HSA) and Flexible Spending..."

A health savings account (HSA) is a personal savings account that lets people set aside money for medical expenses with special tax benefits: contributions reduce taxable income, the money can grow tax-free, and withdrawals for qualified health costs are tax-free. Think of it as a dedicated emergency fund for healthcare that can also be invested like a retirement account. Investors watch HSAs because they can shift how consumers pay for care, create investable pools of assets, and affect employer benefit costs and employee financial stability.

flexible spending account financial

"eligible for purchase with Health Savings Account (HSA) and Flexible Spending Account (FSA) funds..."

An employer-sponsored account that lets employees set aside part of their pay before taxes to cover eligible medical or dependent-care expenses, acting like a tax-advantaged piggy bank for predictable out-of-pocket costs. It matters to investors because flexible spending accounts affect companies’ payroll costs, employee take-home pay and benefits competitiveness, and can influence consumer spending patterns and taxable income reporting—all of which can impact a company’s financials and workforce stability.

ai-driven 3d reconstruction medical

"Highlighted the integration of AI-driven 3D reconstruction into the Virtual Terrain Walk (VTW)..."

AI-driven 3D reconstruction uses artificial intelligence to convert 2D images, scans, or sensor data into accurate three-dimensional models of objects, environments, or anatomy. Investors care because this capability can speed product design, improve medical diagnosis and planning, lower development and operational costs, and create new revenue streams or competitive advantages—think of turning a flat photo into a detailed virtual prototype you can test and sell faster.

virtual terrain walk technical

"integration of AI-driven 3D reconstruction into the Virtual Terrain Walk (VTW) system..."

A virtual terrain walk is a digital, interactive inspection of land or facilities that uses high-resolution aerial photos, 3D models and mapping data to simulate walking a site from your computer or tablet. Investors use it like a remote property walkthrough to check access, slope, drainage, nearby infrastructure and visible hazards without travel, helping speed due diligence, estimate costs and spot risks that affect value and development plans.

humanoid robot teleoperation technical

"Demonstrated humanoid robot teleoperation using Omni One Enterprise in collaboration with..."

Humanoid robot teleoperation is the remote control of a human-shaped robot by a person working from a distance, where the operator’s motions, commands or sensory inputs guide the robot’s actions as if the operator were physically present. For investors this matters because it can extend human labor into hazardous, distant or skill-shortage environments like a remote worker using a highly capable avatar; that affects potential revenue streams, cost structures, safety liabilities and adoption risks for companies deploying or selling the technology.

convertible notes financial

"reflects increased interest expense and debt amortization costs associated with the Company’s convertible notes..."

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

omni-directional treadmills technical

"can be explored using Virtuix’s omni-directional treadmills for mission planning and rehearsals."

An omni-directional treadmill is a moving platform that lets a person walk or run in any direction while staying in one place, typically used with virtual reality or simulation systems. For investors, it matters because the device is a core enabling technology for immersive training, entertainment, and simulation markets—think of it as a revolving floor that expands the usable space of virtual experiences, creating new product and service opportunities and potential recurring-revenue business models.

AI-generated analysis. Not financial advice.

Net Sales up 41% to $3.0 Million in Nine Months Ended December 31, 2025

Gross Margin Increased by 46% and Operating Expenses Decreased by 45%

Strategic Collaboration with Meta and Global Expansion Accelerate Omni One Adoption and Scale

AI-Enabled Defense Training and Enterprise Applications Advance Multi-Use Growth Strategy

Virtuix Rang the Nasdaq Closing Bell on March 4, 2026

Management to Host Conference Call Today at 8:30 a.m. Eastern Time

AUSTIN, Texas, March 05, 2026 (GLOBE NEWSWIRE) -- Virtuix Holdings Inc. (NASDAQ: VTIX) (the “Company”), a leading developer of full-body virtual reality systems, today reported financial and operational results for the three and nine months ended December 31, 2025.

Figures presented herein are approximate and have been minimally rounded for readability. Investors should refer to the accompanying financial statements and the Company’s Quarterly Report on Form 10-Q for exact amounts.

Key Third Quarter and Nine-Month Fiscal 2026 Results and Subsequent Highlights

• Net sales for the nine months ended December 31, 2025 were $3.0 million, an increase of $0.9 million or 41% from net sales of $2.1 million for the prior year period.
• Gross margin for the nine months ended December 31, 2025, increased to 29% from (17%) in the prior year period.
• Total operating expenses decreased $5.1 million, or 45%, to $6.3 million in the nine months ended December 31, 2025, from $11.4 million in the prior year period.
• Net sales for the three months ended December 31, 2025 were $1.0 million, compared to $1.3 million in the prior year period. Notably, new orders for Omni One and Omni One Core systems increased 60% in December 2025 compared to December 2024, reflecting a strong 2025 holiday season. The overall higher revenue in the three months ended December 31, 2024 was primarily attributable to the fulfillment of a large backlog of Omni One preorders, accumulated since the start of the preorder period in August 2023, in Q3 FY2025, whereas revenues in Q3 FY2026 resulted from sales to newly acquired customers.
• Gross margin for the three months ended December 31, 2025 increased to 30% from (2%) in the prior year period, driven by the price increase implemented in November 2024 and lower per-unit overhead costs.
• Listed and began trading on the Nasdaq Global Market under the ticker symbol “VTIX” on January 27, 2026.
• Joined the “Made for Meta” partnership program of Meta Platforms, Inc. to enable "Omni One" 360-degree treadmill compatibility with Meta Quest headsets and games, broadening Omni One's addressable market to the world's largest XR user base.
• Expanded Omni One Core sales to Europe, marking a significant milestone in the Company's international growth. European customers can now place orders across major markets including Germany, United Kingdom, France, and additional EU countries through Virtuix's dedicated EU and UK storefronts, with initial shipments scheduled to begin between April 13 and April 24, 2026.
• Demonstrated humanoid robot teleoperation using Omni One Enterprise in collaboration with the University of Central Florida’s Institute for Simulation & Training, highlighting Omni One’s ability to translate 360-degree natural walking into real-time robot teleoperation and training.
• Highlighted the integration of AI-driven 3D reconstruction into the Virtual Terrain Walk (VTW) system for training and simulation in the defense industry, rapidly transforming real-world environments captured with 360-degree cameras into high-fidelity, photorealistic, and navigable 3D worlds, and announced the sale of test units to the U.S. Military Academy at West Point, the U.S. Air Force Academy, and Yokota Air Force Base.
• Announced that Omni One is eligible for purchase with Health Savings Account (HSA) and Flexible Spending Account (FSA) funds through the Company’s partner, Truemed, allowing users to invest in their health while enjoying a fully immersive VR gaming experience. By using pre-tax HSA or FSA dollars, eligible buyers can save approximately 30% on their purchase, depending on their federal and state income tax.
• Exhibited at CES 2026 in partnership with Pimax as part of a collaboration to demonstrate Omni One played with Pimax’s new Dream Air headset, highlighting the system’s seamless compatibility with PC VR and SteamVR games.

Management Commentary

“During the first nine months of fiscal year 2026, we made tremendous progress in advancing our mission of enabling natural, full-body movement in virtual worlds,” said Jan Goetgeluk, CEO of Virtuix. “Our revenue momentum has accelerated with 41% year-over-year growth to $3.0 million, driven by strong demand for Omni One and a successful 2025 holiday season. With manufacturing capacity scaled to support up to 3,000 units per month, representing approximately $100 million in annual revenue potential, we are well positioned to capture a growing share of the expanding consumer, enterprise, and defense markets.

“As the fiscal fourth quarter began, we transitioned from a private company to a publicly-traded business with the successful Nasdaq debut of Virtuix under the ticker “VTIX” on January 27, 2026, a milestone that validates our decade-long investment in our technology and provides us with access to capital and the market visibility to scale aggressively in 2026 and beyond.

“A strategic collaboration through the Made for Meta program is positioning Omni One to become compatible with Meta Quest headsets and content. This expands our addressable market to an estimated 6 million active Quest users and accelerates our goal of bringing full-body VR to a truly mass audience. We see this as a foundational step in making immersive, physically engaging VR experiences ubiquitous.

“Most recently, we expanded our enterprise and research footprint by collaborating with the University of Central Florida’s Institute for Simulation & Training to demonstrate a humanoid robot controlled in real time using Omni One Enterprise. This work highlights Omni One’s ability to translate natural 360-degree walking into intuitive teleoperation, and it reinforces our view that full-body movement capture can support emerging applications in embodied AI.

“Advancing the development of our Virtual Terrain Walk (VTW) system for the defense market with leading AI technologies, we believe, will allow us to supplement high-volume consumer sales with high-value defense contracts. Integration of AI-driven Gaussian splatting technology into VTW reduces the time required to create realistic virtual terrain from weeks or months to hours, enabling faster deployment of immersive simulations. VTW is seeing early adoption within defense organizations, with test units purchased by Yokota Air Force Base, the U.S. Air Force Academy, and the U.S. Military Academy at West Point.

“Looking ahead, we are highly focused on scaling our proprietary full-body movement technology, including international expansion of our consumer business. We recently launched Omni One Core across major European markets including Germany, United Kingdom, France, and additional EU countries through our dedicated EU and UK storefronts. We expect to further broaden Omni One's reach to the world's largest XR user base within Meta's certified ecosystem of over 20 million Quest headsets. Through our multi-use strategy, we intend to complement potentially high-volume consumer sales with high-value enterprise and defense opportunities, including recurring revenues from software licensing and customized simulation development. We believe we are well positioned to achieve continued growth and create long-term value for our shareholders.

“Finally, we had the honor of ringing the Nasdaq closing bell yesterday to mark the occasion of Virtuix’s listing as a public company. I would like to thank all those who watched the bell ringing webcast and everyone who attended the ceremony, including our team, members of the Board of Directors, management, family, and friends of Virtuix,” concluded Goetgeluk.

Nine-Month Fiscal 2026 Financial Results

Net sales for the nine months ended December 31, 2025, were $3.0 million, a 41% increase from sales of $2.1 million for the prior year period. The increase was primarily attributable to new sales of Omni One and the fulfillment of legacy Omni One preorders that were placed during a preorder period that ended in September 2024.

Gross profit in the nine months ended December 31, 2025, increased by $1.2 million to $0.9 million compared to gross loss of ($0.4) million in the prior year period. Gross margin as a percentage of revenues increased to 29% in the nine months ended December 31, 2025, from (17%) in the prior year period. The increase in gross margin was the result of an increase in the selling price of the complete Omni One system from $2,595 to $3,495 plus shipping, effective since November 2024, and the completion of the delivery of nearly all discounted units to equity crowdfunding investors.

Total operating expenses decreased by $5.1 million, or 45%, to $6.3 million in the nine months ended December 31, 2025, from $11.4 million in the nine months ended December 31, 2024. The decrease was primarily due to a decrease in General and Administrative Expenses of $4.7 million and a decrease in Research and Development expenses of $1.4 million, offset by an increase in Selling Expenses of $1.0 million.

Net loss for the nine months ended December 31, 2025 was ($6.9) million compared to ($12.0) million for the nine months ended December 31, 2024. The net loss for the nine months ended December 31, 2024 included a one-time non-cash stock-based compensation expense of approximately $4.7 million.

Cash and cash equivalents totaled $1.1 million as of December 31, 2025, compared to $0.5 million as of March 31, 2025.

Net cash used in operating activities was $5.5 million in the nine months ended December 31, 2025, compared to $6.3 million in the nine months ended December 31, 2024.

Third Quarter Fiscal 2026 Financial Results

Net sales for the three months ended December 31, 2025, were $1.0 million, a 24% decrease from sales of $1.3 million for the prior year period. Notably, new orders for Omni One and Omni One Core systems increased 60% in December 2025 compared to December 2024, reflecting a strong 2025 holiday season. The overall higher revenue in the three months ended December 31, 2024 was primarily attributable to the fulfillment of a large backlog of Omni One preorders, accumulated since the start of the preorder period in August 2023, in Q3 FY2025, whereas revenues in Q3 FY2026 resulted from sales to newly acquired customers.

Gross profit in the three months ended December 31, 2025, was $0.3 million compared to a gross loss of ($0.02) million in the prior year period. Gross margin as a percentage of revenues increased to 30% in the three months ended December 31, 2025, from (2%) in the prior year period. The improvement in gross margin reflects the increase in the selling price of Omni One and the completion of the delivery of nearly all discounted units to equity crowdfunding investors.

Total operating expenses increased by $0.3 million, or 17%, to $2.1 million in the three months ended December 31, 2025, from $1.8 million in the three months ended December 31, 2024. The increase was primarily due to higher Selling Expenses of $0.7 million compared to $0.2 million in the prior year period, partially offset by decreases in General and Administrative Expenses and Research and Development expenses.

Net loss for the three months ended December 31, 2025 was ($2.7) million compared to ($2.0) million for the three months ended December 31, 2024. The increase in net loss reflects increased interest expense and debt amortization costs associated with the Company’s convertible notes, and higher selling expenses, partially offset by the significant improvement in gross margin.

Third Quarter and Nine-Month Fiscal 2026 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, March 5, 2026
Time:	8:30 a.m. Eastern time (5:30 a.m. Pacific time)
Dial-in:	1-877-425-9470
International Dial-in:	1-201-389-0878
Conference Code:	13758872
Webcast:	https://viavid.webcasts.com/starthere.jsp?ei=1753424&tp_key=3f04306bbb

A telephone replay will be available approximately three hours after the call and will run through March 19, 2026, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13758872. The replay can also be viewed through the webcast link above, and the presentation utilized during the call will be available on the Company’s investor relations website here.

About Virtuix

Virtuix Holdings Inc. (NASDAQ: VTIX) is a leading manufacturer of full-body virtual reality systems for consumer, enterprise, and defense markets. The Company's premier portfolio of "Omni" omni-directional treadmills enables players to walk and run 360 degrees inside video games and other virtual reality applications. With commitment to innovation, Virtuix continues to push the boundaries of XR and AI, delivering immersive experiences to users worldwide. For more information, visit virtuix.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include 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," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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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 DECEMBER 31, 2025 AND MARCH 31, 2025
ASSETS
		December 31, 2025 (unaudited)				March 31, 2025
CURRENT ASSETS
Cash and cash equivalents		$	1,074,638			$	477,908
Receivables, net of allowance for credit losses			215,905				125,672
Inventory			1,380,265				1,456,249
Prepaids and other current assets			735,908				306,153
TOTAL CURRENT ASSETS			3,406,716				2,365,982
NONCURRENT ASSETS
Property and equipment			1,406,973				1,321,931
Less: accumulated depreciation			(988,351	)			(857,028	)
Net property and equipment			418,622				464,903
Intangibles			2,794,251				2,792,059
Less: accumulated amortization			(1,146,120	)			(810,356	)
Net intangibles			1,648,131				1,981,703
Investment in joint venture			40,619				40,689
Other assets			125,983				86,258
Right-of-use asset operating			715,603				835,488
TOTAL NONCURRENT ASSETS			2,948,958				3,409,041
TOTAL ASSETS		$	6,355,674			$	5,775,023

LIABILITIES AND STOCKHOLDERS’ (DEFICIT)
		December 31, 2025 (unaudited)				March 31, 2025
CURRENT LIABILITIES
Accounts payable		$	1,275,992			$	807,401
Accrued expenses			808,470				502,001
Deferred revenue			727,266				1,769,556
Gift card liability			448,087				-
Due to related party			21,798				40,000
Current portion of notes payable, net of discount and unamortized deferred loan costs			5,287,058				2,589,976
Current portion of EIDL loan			565				549
Lease liability - operating			175,420				204,051
TOTAL CURRENT LIABILITIES			8,744,656				5,913,534
LONG-TERM LIABILITIES
EIDL loan			23,661				24,087
Lease liability, net of current portion - operating			540,183				631,437
TOTAL LONG-TERM LIABILITIES			563,844				655,524
TOTAL LIABILITIES			9,308,500				6,569,058
STOCKHOLDERS’ (DEFICIT)
Preferred stock, $.001 par value, 50,000,000 and 29,300,000 shares authorized at December 31, 2025 and March 31, 2025, and 0 and 21,688,242 shares issued and outstanding at December 31, 2025 and March 31, 2025, respectively, with liquidation preferences respectively of $0 and $55,536,941 at December 31, 2025 and March 31, 2025			-				21,688
Class A common stock, $.001 par value, 300,000,000 and 37,000,000 shares authorized at December 31, 2025 and March 31, 2025 and 26,352,457 and 8,259,644 shares issued and outstanding at December 31, 2025 and March 31, 2025, respectively			26,352				8,259
Class B common stock, $.001 par value, 50,000,000 and 0 shares authorized at December 31, 2025 and March 31, 2025 and 4,500,000 and 0 shares issued and outstanding at December 31, 2025 and March 31, 2025, respectively			4,500				-
Additional paid-in capital			66,401,214				61,668,608
Accumulated deficit			(69,384,892	)			(62,492,590	)
TOTAL STOCKHOLDERS (DEFICIT)			(2,952,826	)			(794,035	)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT)		$	6,355,674			$	5,775,023

VIRTUIX HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (UNAUDITED)
		Three Months Ended December 31,								Nine Months Ended December 31,
		2025				2024				2025				2024
NET SALES		$	963,817			$	1,264,122			$	2,980,765			$	2,110,889
COST OF GOODS SOLD			674,396				1,283,540				2,107,718				2,466,492
GROSS PROFIT (LOSS)			289,421				(19,418	)			873,047				(355,603	)
OPERATING EXPENSES
Selling expenses			733,662				245,512				2,129,111				1,151,749
General and administrative expenses			1,172,329				1,263,290				3,538,778				8,199,206
Research and development expenses			226,574				306,738				624,759				2,006,822
TOTAL OPERATING EXPENSES			2,132,565				1,815,540				6,292,648				11,357,777
LOSS FROM OPERATIONS			(1,843,144	)			(1,834,958	)			(5,419,601	)			(11,713,380	)
OTHER INCOME (EXPENSE)
interest income			272				885				571				1,341
Other income			5,275				(72	)			5,445				3,171
Loss on extinguishment of debt											(122,864	)			-
interest expense			(870,717	)			(128,116	)			(1,308,982	)			(243,738	)
TOTAL OTHER INCOME (EXPENSE)			(865,170	)			(127,303	)			(1,425,830	)			(239,226	)
PROVISION FOR INCOME TAX
Enterprise income tax expense			53				710				1,482				1,722
Delaware franchise tax			22,577				9,353				45,319				50,644
TOTAL PROVISION FOR INCOME TAX			22,630				10,063				46,801				52,366
SHARE OF GAIN (LOSS) IN JOINT VENTURE			-				1,711				(70	)			(19,096	)
NET LOSS		$	(2,730,944	)		$	(1,970,613	)		$	(6,892,302	)		$	(12,024,068	)
Weighted average common shares outstanding:
Basic and Diluted			30,839,238				8,250,643				20,275,350				8,210,643
Net loss per share:
Basic and Diluted		$	(0.09	)		$	(0.24	)		$	(0.34	)		$	(1.46	)

VIRTUIX HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED DECEMBER 31, 2025 AND 2024 (UNAUDITED)
		Nine Months Ended December 31,
		2025				2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(6,892,302	)		$	(12,024,068	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense			467,087				329,840
Amortization of discount on notes payable			939,162				7,720
Amortization of loan cost			13,537				-
Credit loss expense			39,622				21,309
Stock-based compensation			36,015				36,469
Loss on extinguishment of debt			122,884				-
Share of loss in joint venture			70				19,096
Stock issuance in exchange for services			232,577				4,647,500
(Increase) decrease in assets:
Prepaid expenses and other current assets			(429,756	)			259,114
Accounts receivable			(129,855	)			(109,386	)
Other assets			(39,725	)			(6,487	)
Inventory			75,984				(1,034,272	)
Operating lease right-of-use assets			142,120				208,181
Increase (decrease) in liabilities:
Accounts payable			468,591				349,488
Accrued expenses			154,518				194,910
Operating lease liabilities			(142,120	)			(208,181	)
Gift card liability			448,087				-
Deferred revenue			(1,042,290	)			966,084
CASH USED IN OPERATING ACTIVITIES			(5,535,794	)			(6,342,683	)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for purchases of property and equipment			(85,042	)			(113,150	)
Cash paid for purchases of intangibles			(2,192	)			(351,216	)
CASH USED IN INVESTING ACTIVITIES			(87,234	)			(464,366	)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of preferred stock			1,945,352				2,389,680
Proceeds from SAFE notes			-				3,598,805
Payments on short-term notes payable			(443,186	)			(303,498	)
Payments on long-term notes payable			(410	)			(230	)
Proceeds from short-term notes payable			1,733,170				2,367,500
Payment for equity repurchase			-				(2,750	)
Proceeds from convertible notes			3,000,000				-
Warrants exercised			3,034				88
Due from (to) related parties			(18,202	)			(25,768	)
CASH PROVIDED BY FINANCING ACTIVITIES			6,219,758				8,023,827
NET INCREASE IN CASH			596,730				1,216,778
CASH AT BEGINNING OF PERIOD			477,908				270,029
CASH AT END OF PERIOD		$	1,074,638			$	1,486,807

A video accompanying this announcement is available at:  https://www.globenewswire.com/NewsRoom/AttachmentNg/e19ff502-d549-4f46-ab9f-0bec34767b08

FAQ

What were Virtuix (VTIX) net sales and growth for the nine months ended December 31, 2025?

Virtuix reported $3.0 million in net sales, a 41% increase year-over-year. According to the company, growth was driven by Omni One sales and fulfillment of legacy preorders, improving gross profit by $1.2 million versus the prior year period.

How did Virtuix (VTIX) profitability metrics change in FY2026 nine-month results?

Gross margin rose to 29% and operating expenses fell 45%. According to the company, a price increase and delivery of discounted crowdfunding units improved margins and reduced G&A and R&D expenses materially.

What liquidity and cash metrics did Virtuix (VTIX) report for December 31, 2025?

Cash and cash equivalents were reported at $1.1 million as of December 31, 2025. According to the company, net cash used in operating activities was $5.5 million for the nine-month period, down from $6.3 million the prior year.

What corporate and commercial milestones did Virtuix (VTIX) announce in March 2026?

Virtuix listed on Nasdaq (VTIX) and joined Meta’s Made for Meta program. According to the company, it also launched Omni One Core sales in major European markets with initial shipments planned April 13–24, 2026.

How is Virtuix (VTIX) pursuing defense and enterprise revenue opportunities?

Virtuix is advancing its VTW defense offering and sold test units to U.S. service academies and Yokota Air Base. According to the company, integration of AI 3D reconstruction speeds terrain creation from weeks to hours for simulation.