VirTra, Inc. filings document the public-company disclosures of a Nevada corporation that provides judgmental use-of-force and firearms training simulators. Form 8-K reports furnish financial results releases and operational commentary on revenue recognition, bookings, backlog, customer funding conditions, product offerings and simulator deployments.
VirTra regulatory documents also cover governance matters, including definitive proxy materials for annual meeting proposals, director elections and stockholder voting. Other current reports record board and committee changes, audit committee leadership, compensatory and governance committee assignments, and formal reporting of material events under the Exchange Act.
VirTra, Inc. reported a weak first quarter 2026, with total revenue of $3.5 million compared to $7.2 million a year earlier, a 51% decline. Gross profit fell to $2.1 million, and gross margin compressed to 61% from 73%.
The company swung to a net loss of $1.3 million, or $(0.12) per diluted share, from net income of $1.3 million, or $0.11 per share, in the prior-year period. Adjusted EBITDA declined to $(0.9) million from $1.7 million. Management cited customers’ funding and procurement timing as key drivers but highlighted $3.8 million in Q1 bookings and a $25.2 million backlog, along with a cash balance of $17.9 million supporting ongoing operations.
VirTra, Inc. reported a sharp downturn for the three months ended March 31, 2026. Revenue fell to $3.47 million from $7.16 million a year earlier, mainly because several late‑2025 bookings could not be delivered and the business remains concentrated in government‑funded customers.
The company swung from net income of $1.26 million to a net loss of $1.33 million, as lower volume and ongoing development and content costs reduced its gross margin from 73% to 61%. Operating expenses declined about 10%, but not enough to offset the revenue shortfall.
VirTra’s balance sheet remains solid, with $17.85 million of cash and working capital of $29.28 million. Backlog totaled $25.2 million, including capital, service, and STEP subscription contracts, and STEP revenue rose to $0.99 million, or 28% of sales. However, previously identified material weaknesses in internal controls and reliance on government budgets continue.
VirTra, Inc. (VTSI) is holding a virtual 2026 Annual Meeting on June 23, 2026 to vote on four main items. Stockholders will elect five directors, ratify Haynie as independent auditor for 2026, cast an advisory “say‑on‑pay” vote on executive compensation, and choose how often future say‑on‑pay votes occur.
Holders of 11,306,885 common shares as of April 24, 2026 are entitled to one vote per share, with a one‑third quorum required. The Board recommends voting for all director nominees, for auditor ratification, for approving named executive officer compensation, and for holding say‑on‑pay votes every three years.
VirTra, Inc. reported weaker results for 2025 as federal funding disruptions delayed orders and deliveries. Full-year revenue fell to $22.4 million from $26.4 million, with net income declining to $0.3 million (diluted EPS $0.02) from $1.4 million (EPS $0.12).
Gross margin compressed from 74% to 68%, and Adjusted EBITDA decreased to $1.6 million from $2.9 million. Fourth-quarter revenue was $2.9 million versus $4.7 million, and the quarter recorded a net loss of $1.0 million (EPS -$0.09).
Despite softer earnings, VirTra ended 2025 with $18.6 million in cash and $30.8 million in working capital. Bookings reached $26.7 million for the year and backlog was $25.6 million, as the company highlighted reopening federal grant programs and ongoing demand from law enforcement and military customers.
VirTra, Inc. reported 2025 results with revenue of $22,402,188, down from $26,350,819 in 2024, a 15% decline driven by government funding delays and longer international delivery timelines that pushed more orders into backlog.
Gross profit fell to $15,202,626 and margin slipped to 68% from 74%, while net income dropped to $258,446 from $1,363,681, an 81% decrease. Operating expenses declined 15% to $14,765,131 as management reduced general and administrative costs and capitalized more development spending, but this only partly offset lower revenue and higher content-related cost of sales.
Adjusted EBITDA decreased to $1,601,152 from $2,926,169. Even so, VirTra ended 2025 with cash and cash equivalents of $18,594,598, working capital of $30,793,890, and backlog of $25.6 million, including $13.8 million of capital equipment, supporting future revenue. The company also moved to purchase its Orlando facility for $5 million to strengthen its military and East Coast presence.
VirTra, Inc. director Grant Barber filed an initial Form 3 reporting his beneficial ownership in the company. He directly holds 11,125 shares of VirTra common stock following the reported holding. This filing establishes his starting ownership position as a company insider.
VirTra, Inc. reported changes to its board of directors and key board committees. Effective February 16, 2026, longtime director Jeffrey D. Brown resigned from the board for personal reasons after serving since 2011. The company stated there were no disagreements related to VirTra’s operations, policies, or practices.
On the same date, Grant Barber, who has extensive financial experience and previously held chief financial officer roles, was elected to fill the vacancy. Barber will chair the Audit Committee and join the Compensation and Nominating and Corporate Governance Committees. He had served on VirTra’s Advisory Board since November 2025.
VirTra director Jeffrey Dale Brown reported a series of open-market purchases of VirTra common stock on February 12, 2026. The transactions include multiple small lots bought both indirectly through his spouse and directly in his own name.
Indirect purchases by his spouse ranged from about $4.41 to $4.59 per share, bringing her indirect holdings attributed to him to 3,430 shares. On the same date, Brown also bought additional shares directly, at prices around the mid-$4 range, bringing his direct ownership to 60,623 shares after the reported trades.
VirTra, Inc. Chief Financial Officer Alanna Boudreau reported an equity compensation transaction involving VirTra common stock. On 12/11/2025 she acquired 3,278 shares, which were issued upon settlement of performance-based restricted stock units, net of the withholding tax liability.
Following this transaction, Boudreau beneficially owns 17,853 VirTra shares directly, and an additional 4,000 shares are reported as indirectly owned through her spouse. A related entry shows 3,278 restricted stock units with a conversion price of $0 and an expiration date of 12/11/2025, with zero restricted stock units beneficially owned after the transaction; the underlying award covered 5,000 shares of common stock and was awarded by the issuer as incentive compensation.
VirTra, Inc. Chief Executive Officer and director John F. Givens II reported small open-market purchases of the company’s common stock. On 11/19/2025, he bought 2, 5, 8 and 7 shares in separate transactions at prices between $4.88 and $4.955 per share. Following these trades, he beneficially owned 328,388 shares of VirTra common stock held directly.