VirTra Reports Third Quarter and Nine Months 2026 Financial Results

Rhea-AI Summary

VirTra (Nasdaq: VTSI) reported third-quarter revenue of $7.6 million, returning to profitability as government and international sales increased. Revenue rose 42% year over year; net income was $2.2 million, or $0.19 per diluted share, versus a $0.4 million loss. Gross margin increased to 70% from 66%, while operating expenses declined to $3.3 million from $4.0 million.

Bookings rose 87% from Q2 to $10.3 million, with backlog of $27.6 million at September 30. Awards included a five-year U.S. Customs and Border Protection contract with up to $14 million of potential value and a $1.5 million U.S. Army contract. Nine-month revenue fell 13% to $16.9 million, and net income declined 45% to $0.6 million. Cash was $18.4 million at quarter-end. VirTra said customer funding and procurement timelines continue to affect backlog conversion.

13 points · 1 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 10 points

How the balance works

Positive

• Major pointCBP awarded a five-year sole-source contract with up to $14 million of potential value. 50% of market cap
• Moderate pointQ3 revenue increased 42% year over year to $7.6 million.
• Moderate pointQ3 net income reached $2.2 million, versus a $0.4 million loss a year earlier.
• Moderate pointQ3 gross profit rose 52% to $5.3 million; gross margin increased to 70% from 66%.
• Moderate pointQ3 bookings increased 87% sequentially to $10.3 million from $5.5 million.
• Moderate pointSeptember 30 backlog totaled $27.6 million across capital, service and STEP contracts.
• Moderate pointU.S. Army awarded a $1.5 million sole-source contract for a V-300 system and related equipment supporting training in Tajikistan. 5.4% of market cap

6 minor points

• Minor pointQ3 diluted earnings reached $0.19 per share, versus a $0.03 loss a year earlier.
• Minor pointQ3 operating expenses fell to $3.3 million from $4.0 million a year earlier.
• Minor pointQ3 operating income reached $2.0 million, versus a $0.5 million loss a year earlier.
• Minor pointQ3 adjusted EBITDA, a non-GAAP earnings measure, increased to $2,556,623 from $91,439 a year earlier.
• Minor pointArmy Marketplace participation makes VirTra solutions available for evaluation, supporting company-stated military growth initiatives.
• Minor pointNine-month operating expenses declined to $10.4 million from $11.7 million a year earlier.

Negative

• Moderate pointNine-month revenue fell 13% to $16.9 million, as some customers could not accept delivery.
• Moderate pointNine-month net income declined 45% to $0.6 million from $1.1 million.
• Moderate pointNine-month gross profit fell 20% to $10.9 million; gross margin declined to 65% from 69%.
• Moderate pointLong-term notes payable increased to $11,024,880 from $7,314,085 at December 31, 2025.
• Moderate pointBacklog conversion remains affected by customer funding and procurement timelines, VirTra said.

5 minor points

• Minor pointNine-month diluted earnings fell to $0.05 per share from $0.09 a year earlier.
• Minor pointNine-month operating income declined to $0.5 million from $1.8 million a year earlier.
• Minor pointNine-month adjusted EBITDA declined 13% to $2.2 million from $2.5 million.
• Minor pointCash declined to $18,404,194 at September 30, 2026 from $18,594,598 at December 31, 2025.
• Minor pointCurrent notes payable increased to $311,645 from $227,754 at December 31, 2025.

News Explained

Nine-month operating cash inflow was $1,519,429 in 2026 versus $6,083,775 in 2025; the reported common-share count was higher at September 30 than December 31.

In its reported third-quarter results, VirTra lists 11,364,785 common shares issued and outstanding at September 30, 2026, versus 11,303,885 at December 31, 2025; the higher share count means an unchanged holding represents a smaller fraction of outstanding shares.

Net cash provided by operating activities for the nine months ended September 30, 2026 was $1,519,429, compared with $6,083,775 for the same period in 2025, so reported operating cash generation was lower.

Key Figures

Q3 revenue: $7.6 million, up 42% Q3 gross margin: 70% vs. 66% Q3 net income: $2.2 million vs. a $0.4 million loss +5 more

Q3 revenue

$7.6 million, up 42%

Third quarter 2026 versus the prior-year period

Q3 gross margin

70% vs. 66%

Third quarter 2026 versus the prior-year period

Q3 net income

$2.2 million vs. a $0.4 million loss

Third quarter 2026 versus the prior-year period

Nine-month revenue

$16.9 million vs. $19.5 million, down 13%

Nine months ended September 30, 2026, versus 2025

Nine-month net income

$0.6 million vs. $1.1 million, down 45%

Nine months ended September 30, 2026, versus 2025

Bookings

$10.3 million, up 87%

Third quarter 2026 versus Q2 2026

Backlog

$27.6 million

As of September 30, 2026

CBP contract

Five years; up to $14 million potential value

Sole-source contract

Previous Earnings Reports

2 past events · Latest: Aug 13

Same Type 2 events

1. Aug 13

   Q2 earnings

   24h Move

   -4.2%

   Revenue fell 17% year over year, margin contracted and the quarter swung to a loss.

2. Nov 10

   Q3 earnings

   24h Move

   -7.9%

   Q3 revenue declined 29% year over year, with lower adjusted EBITDA and a quarterly net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, sole-source, c-uas

3 terms

non-gaap financial

"Adjusted EBITDA, a non-GAAP metric"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

sole-source regulatory

"Awarded a five-year sole-source contract with U.S. Customs and Border Protection"

A sole-source arrangement is when an organization buys a product or service from a single supplier without seeking competitive bids, like choosing to buy all your groceries from one neighborhood store. For investors, it matters because relying on one vendor can concentrate supply and pricing risk—potentially giving that supplier more power to raise costs or causing disruption if the supplier fails—while also sometimes signaling unique capabilities or pricing power that can affect a company’s profitability and risk profile.

c-uas technical

"Counter-Unmanned Aircraft Systems (C-UAS)"

c‑UAS (counter‑unmanned aircraft system) are integrated tools and procedures used to detect, track, and stop unauthorized drones—like a security system that sees and disables an intruder in the sky. Investors watch c‑UAS because rising drone use and tighter rules create demand for hardware, software, and services, which can drive sales growth and affect regulatory risk for companies in defense, airports, utilities, and event security.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHANDLER, Ariz., Nov. 12, 2026 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use-of-force and firearms training simulators, reported results for the third quarter and nine months ended September 30, 2026. The financial statements are available on VirTra’s website and here.

Third Quarter 2026 and Recent Operational Highlights

• Bookings totaled $10.3 million during the third quarter, up 87% from $5.5 million in Q2 2026.
• Total backlog as of September 30, 2026 was $27.6 million and included $14.1 million in capital, $3.9 million in service, and $9.6 million in STEP contracts.
• Awarded a five-year sole-source contract with U.S. Customs and Border Protection (CBP) with up to $14 million of potential value to modernize, maintain, and support the agency's nationwide simulator training network.
• Awarded a $1.5 million sole-source contract from the U.S. Army to provide a V-300® training system and related equipment supporting firearms training and force readiness initiatives in Tajikistan.
• Advanced military growth initiatives through participation in the U.S. Army Marketplace, where VirTra's solutions are now available for evaluation across Weapons Skills Development, Joint Fires Training, and Counter-Unmanned Aircraft Systems (C-UAS), supporting future opportunities within the U.S. Army.
  
  

Third Quarter and Nine Months 2026 Financial Highlights

	For the Three Months Ended						For the Nine Months Ended
All figures in millions, except per share data	September 30, 2026		September 30, 2025		% Δ		September 30, 2026		September 30, 2025		% Δ
Total Revenue	$7.6		$5.3		42%		$16.9		$19.5		-13%
Gross Profit	$5.3		$3.5		52%		$10.9		$13.5		-20%
Gross Margin	70%		66%		N/A		65%			69%	N/A
Net Income (Loss)	$2.2		($0.4	)	657%		$0.6		$1.1		-45%
Diluted EPS	$0.19		($0.03	)	N/A		$0.05		$0.09		N/A
Adjusted EBITDA	$2.6		$0.9		2696%		$2.2		$2.5		-13%

Management Commentary
VirTra CEO John Givens stated: “Our third quarter results reflect continued improvement across the business, highlighted by strong revenue growth, accelerating bookings, and improved profitability. We are particularly encouraged by the acceleration in customer orders, which, together with our improving revenue performance, provides tangible evidence that demand is translating into business results.

“We are also seeing encouraging developments in the government funding environment. Following nearly two years of limited grant activity, funding programs are reopening and customers are actively pursuing new opportunities. While the timing of grant awards, funding distributions, and customer deployments remains difficult to predict, we believe these developments represent an important step toward a more favorable operating environment.

“At the same time, we continue to expand our opportunities across federal, military, and international markets, supported by recent contract awards, our participation in the U.S. Army Marketplace, and ongoing customer engagement. As we look ahead, our focus remains on expanding our presence across our core markets, deepening customer relationships, and capitalizing on the improving demand environment.”

Third Quarter 2026 Financial Results
Total revenue was $7.6 million, compared to $5.3 million in the prior year period. The increase is primarily due to an increase in government and international sales.

Gross profit was $5.3 million (70% of revenue), compared to $3.5 million (66% of revenue) in the prior year period.

Net operating expense was $3.3 million, compared to $4.0 million in the prior year period.

Income from operations was $2.0 million, compared to $(0.5) million in the prior year period.

Net income (loss) was $2.2 million, or $0.19 per diluted share, compared to $(0.4) million, or $(0.03) per diluted share, in the prior year period.

Adjusted EBITDA, a non-GAAP metric, was $2.6 million, compared to $0.9 million in the prior year period.

Nine Months 2026 Financial Results
Total revenue was $16.9 million, compared to $19.5 million in the prior year period. The decrease was due to several customers booked in Q3 and Q4 2025 being unable to accept delivery in the first nine months of 2026.

Gross profit was $10.9 million (65% of revenue), compared to $13.5 million (69% of revenue) in the prior year period.

Net operating expense was $10.4 million, compared to $11.7 million in the prior year period.

Income from operations was $0.5 million, compared to $1.8 million in the prior year period.

Net income was $0.6 million, or $0.05 per diluted share, compared to $1.1 million, or $0.09 per diluted share, in the prior year period.

Adjusted EBITDA, a non-GAAP metric, was $2.2 million, compared to $2.5 million in the prior year period.

Financial Commentary
VirTra CFO Alanna Boudreau stated: “Third quarter revenue increased 42% year-over-year to $7.6 million, driven by international system deliveries and improved revenue conversion, while gross margin expanded to 70%, reflecting the benefit of higher revenue volume and improved operating leverage. We generated $10.3 million of bookings during the quarter and ended September with $27.6 million of backlog, supporting our visibility into future revenue opportunities.

“Our balance sheet remains healthy, with $18.4 million in cash at quarter-end, providing the flexibility to invest in our technology, operational capabilities, and growth initiatives. Although customer funding and procurement timelines continue to influence the pace at which backlog converts to revenue, we remain focused on converting backlog into revenue, managing costs, and maintaining the operating discipline needed to support profitable growth.”

Conference Call
VirTra’s management will hold a conference call today (November 12, 2026) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results. VirTra’s CEO John Givens and Chief Financial Officer Alanna Boudreau will host the call, followed by a question-and-answer period.

U.S. dial-in number: 1-877-300-8521
International number: 1-412-317-6026
Conference ID: 10212841

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.

The conference call will be broadcast live and available for replay here and via the investor relations section of the Company’s website.

A replay of the call will be available after 7:30 p.m. Eastern time on the same day through November 26, 2026.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 10212841

About VirTra, Inc.
VirTra (Nasdaq: VTSI) is a global provider of judgmental use-of-force and firearms training simulators for law enforcement, military, educational, and commercial markets. Since 1993, VirTra has been dedicated to saving lives by providing highly effective, realistic training designed to prepare officers for the most difficult real-world situations.

About the Presentation of Adjusted EBITDA
Adjusted earnings before interest, income taxes, depreciation, and amortization and before other non-operating costs and income (“Adjusted EBITDA”) is a non-GAAP financial measure. Adjusted EBITDA also includes non-cash stock option expense and other than temporary impairment loss on investments. Other companies may calculate Adjusted EBITDA differently. VirTra calculates its Adjusted EBITDA to eliminate the impact of certain items it does not consider to be indicative of its performance and its ongoing operations. Adjusted EBITDA is presented herein because management believes the presentation of Adjusted EBITDA provides useful information to VirTra’s investors regarding VirTra’s financial condition and results of operations and because Adjusted EBITDA is frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in VirTra’s industry, several of which present a form of Adjusted EBITDA when reporting their results. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of VirTra’s results as reported under accounting principles generally accepted in the United States of America (“GAAP”). Adjusted EBITDA should not be considered as an alternative for net income, cash flows from operating activities and other consolidated income or cash flows statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. A reconciliation of net income to Adjusted EBITDA is provided in the following tables:

		For Three Months Ended																For Nine Months Ended
		September 30,				September 30,				Increase						%		September 30,				September 30,				Increase						%
		2026				2025				(Decrease)				Change				2026				2025				(Decrease)				Change
				​				​				​				​				​				​				​				​
Net Income (Loss)		$	2,162,841			$	(388,567	)		$	2,551,408				657	%		$	572,951			$	1,050,807			$	(477,856	)			-45	%
Adjustments:				​				​				​				​				​				​				​				​
Provision for income taxes			(134,678	)			28,090				(162,768	)			-579	%			7,761				121,091				(113,330	)			-94	%
Depreciation and amortization			547,958				466,876				81,082				17	%			1,538,353				1,297,209				241,144				19	%
Interest (net)			(19,498	)			(55,831	)			36,333				-65	%			(34,844	)			(103,958	)			69,114				-66	%
EBITDA			2,556,623				50,568				2,506,055				4956	%			2,084,221				2,365,149				(280,928	)			-12	%
Right of use amortization			-				40,871				(40,871	)			-100	%			72,774				125,236				(52,462	)			-42	%
				​				​				​				​				​				​				​				​
Adjusted EBITDA		$	2,556,623			$	91,439			$	2,465,184				2696	%		$	2,156,995			$	2,490,385			$	(333,390	)			-13	%

Forward-Looking Statements
The information in this discussion contains forward-looking statements and information 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, which are subject to the “safe harbor” created by those sections. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “should,” “could,” “predicts,” “potential,” “continue,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the “SEC”). You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

Investor Relations Contact:
Matt Glover and Greg Bradbury
Gateway Group, Inc.
VTSI@gateway-grp.com
949-574-3860

VIRTRA, INC. CONDENSED BALANCE SHEETS (UNAUDITED)
		September 30, 2026				December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents		$	18,404,194			$	18,594,598
Accounts receivable, net			5,588,767				5,502,087
Inventory, net			14,149,538				13,060,024
Unbilled revenue			967,455				868,216
Prepaid expenses and other current assets			1,763,125				2,622,462
Deferred Contract Costs, short term			374,375				374,375
Total current assets			41,247,454				41,021,762
Long-term assets:
Property and equipment, net			20,429,581				16,268,400
Operating lease right-of-use asset, net			-				268,873
Intangible assets, net			2,406,574				2,513,186
Security deposits, long-term			-				15,979
Other assets, long-term			451,489				424,226
Deferred tax asset, net			4,143,463				4,135,463
Deferred Contract Costs, long term			207,914				488,695
Total long-term assets			27,639,021				24,114,822
Total assets		$	68,886,475			$	65,136,584
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	1,027,814			$	784,074
Accrued compensation and related costs			558,705				461,430
Accrued expenses and other current liabilities			1,329,823				1,196,565
Notes payable, current			311,645				227,754
Operating lease liability, short-term			-				196,311
Deferred revenue, short-term			6,944,467				7,361,738
Total current liabilities			10,172,454				10,227,872
Long-term liabilities:
Deferred revenue, long-term			1,322,994				1,913,393
Notes payable, long-term			11,024,880				7,314,085
Operating lease liability, long-term			-				89,053
Total long-term liabilities			12,347,874				9,316,531
Total liabilities			22,520,328				19,544,403
Commitments and contingencies (See Note 10)
Stockholders’ equity:
Preferred stock $0.0001 par value; 2,500,000 shares authorized; no shares issued or outstanding			-				-
Common stock $0.0001 par value; 50,000,000 shares authorized; 11,364,785 shares issued and outstanding as of September 30, 2026 and 11,303,885 as of December 31, 2025			1,136				1,130
Class A common stock $0.0001 par value; 2,500,000 shares authorized; no shares issued or outstanding			-				-
Class B common stock $0.0001 par value; 7,500,000 shares authorized; no shares issued or outstanding			-				-
Additional paid-in capital			33,257,100				33,056,091
Retained Earnings			13,107,911				12,534,960
Total stockholders’ equity			46,366,147				45,592,181
Total liabilities and stockholders’ equity		$	68,886,475			$	65,136,584

VIRTRA, INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Revenues:				​				​				​				​
Net sales		$	7,623,319			$	5,349,993			$	16,860,823			$	19,489,178
Total revenue			7,623,319				5,349,993				16,860,823				19,489,178
				​				​				​				​
Cost of sales			2,289,258				1,831,969				5,977,255				5,961,795
				​				​				​				​
Gross profit			5,334,061				3,518,024				10,883,568				13,527,383
				​				​				​				​
Operating expenses:				​				​				​				​
General and administrative			2,930,888				3,278,663				9,062,233				9,788,609
Research and development			395,687				689,521				1,329,353				1,906,764
				​				​				​				​
Net operating expense			3,326,575				3,968,184				10,391,586				11,695,373
				​				​				​				​
Income (loss) from operations			2,007,486				(450,160	)			491,982				1,832,010
				​				​				​				​
Other income (expense):				​				​				​				​
Other income			140,622				114,454				357,467				264,337
Other (expense)			(119,945	)			(24,771	)			(268,737	)			(924,449	)
				​				​				​				​
Net other income			20,677				89,683				88,730				(660,112	)
				​				​				​				​
Income (Loss) before provision for income taxes			2,028,163				(360,477	)			580,712				1,171,898
				​				​				​				​
Provision (Benefit) for income taxes			(134,678	)			28,090				7,761				121,091
				​				​				​				​
Net Income (loss)		$	2,162,841			$	(388,567	)		$	572,951			$	1,050,807
				​				​				​				​
Net Income (loss) per common share:				​				​				​				​
Basic		$	0.19			$	(0.03	)		$	0.05			$	0.09
Diluted		$	0.19			$	(0.03	)		$	0.05			$	0.09
				​				​				​				​
Weighted average shares outstanding:				​				​				​				​
Basic			11,322,532				11,269,164				11,311,496				11,263,694
Diluted			11,322,532				11,269,164				11,311,496				11,263,694

VIRTRA, INC. CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
		Nine Months Ended September 30,
		2026					2025
Cash flows from operating activities:				​					​
Net Income		$	572,951				$	1,050,807
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:				​					​
Depreciation and amortization			1,538,353					952,407
Right of use amortization			72,774					125,236
Employee stock compensation			201,014					88,938
Bad debt expense			(15,878	)				-
Loss on disposal of lease			2,706					-
Loss on disposal of property and equipment			(88,400	)				-
Changes in operating assets and liabilities:				​					​
Accounts receivable, net			(70,800	)				2,996,605
Inventory, net			(1,089,515	)				2,246,059
Other assets-long term			253,517					(673,949	)
Deferred taxes			(8,000	)				113,440
Unbilled revenue			(99,239	)				975,022
Other assets			859,337					(321,297	)
Prepaid expenses and other current assets			-					(1,273,295	)
Accounts payable and other accrued expenses			474,271					(276,810	)
Operating lease right of use			(75,992	)				(127,239	)
Deferred revenue			(1,007,670	)				207,851
Net cash provided by operating activities			1,519,429					6,083,775
				​					​
Cash flows from investing activities:				​					​
Internal intangible assets			(491,511	)				(2,265,489	)
Purchase of property and equipment			(1,013,009	)				(898,953	)
Net cash (used in) investing activities			(1,504,520	)				(3,164,442	)
				​					​
Cash flows from financing activities:				​					​
Principal payments of debt			(205,313	)				(193,056	)
Net cash (used in) financing activities			(205,313	)				(193,056	)
				​					​
Net (decrease) in cash			(190,40	4	)			2,726,277
Cash and restricted cash, beginning of period			18,594,598					18,040,827
Cash and restricted cash, end of period		$	18,404,194				$	20,767,104
				​					​
Supplemental disclosure of cash flow information:				​					​
Income taxes paid (refunded)		$	(1,041,894	)			$	599,237
Interest paid		$	252,483				$	175,008
Noncash investing & financing activities disclosure:				​					​
Assumption of lease asset (Lessor)		$	256,990				$	-
Mortgage to purchase building		$	(4,000,000	)			$	-

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were VirTra's third-quarter 2026 revenue and earnings?

VirTra generated $7.6 million in revenue and $2.2 million in net income, or $0.19 per diluted share. Revenue increased 42% from the prior-year quarter, when the company reported a $0.4 million net loss, or $0.03 per diluted share.

How much backlog did VirTra have at September 30, 2026?

VirTra had $27.6 million in backlog at September 30, 2026. It comprised $14.1 million in capital contracts, $3.9 million in service contracts and $9.6 million in STEP contracts.

Why did VirTra's revenue decline in the first nine months of 2026?

VirTra attributed the decline to several customers booked in Q3 and Q4 2025 being unable to accept delivery during the first nine months of 2026. Nine-month revenue was $16.9 million, compared with $19.5 million in the prior-year period.

What will VirTra provide under its five-year CBP contract?

VirTra's five-year sole-source contract covers modernization, maintenance and support of U.S. Customs and Border Protection's nationwide simulator training network. The award has up to $14 million of potential value.