Every 10-Q that VirTra, Inc. (VTSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VTSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VTSI filings page.
VirTra, Inc. reported weaker results for the three and six months ended June 30, 2026. Quarterly revenue was $5.76M, down 17% from 2025, and six‑month revenue was $9.24M, down 35%, mainly due to delayed deliveries and customer funding deferrals, particularly among government accounts.
Gross margin compressed from 69% to 59% in the quarter as content and development costs did not fall in line with revenue. The company swung to a Q2 net loss of $261K and a six‑month net loss of $1.59M, versus profits a year earlier, while adjusted EBITDA turned negative year‑to‑date.
VirTra still shows a solid liquidity position with $14.3M in cash and working capital of $28.4M, and it invested in growth by purchasing an Orlando facility financed with a new $4.0M mortgage. Bookings reached $9.3M year‑to‑date and backlog remained high at $24.9M, though slightly below year‑end 2025. The company again disclosed material weaknesses in internal control over financial reporting, with remediation efforts ongoing.
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) filed its Q3 2025 10‑Q, reporting softer sales and a quarterly loss. Net sales were $5,349,993 for the quarter, down 29% year over year, as bookings slowed earlier in the year and converted to revenue at a slower pace. Gross profit was $3,518,024 with a 66% margin, below 73% a year ago, reflecting higher cost of sales and project closures without matching revenue.
Operating expenses declined 16% to $3,968,184, but VirTra posted a net loss of $388,567 versus net income of $583,101 last year. Year‑to‑date, net sales were $19,489,178 (down 7%) and net income was $1,050,807. Cash from operations strengthened to $6,083,776 for the nine months, and cash and equivalents rose to $20,767,105 with stockholders’ equity of $46,830,634.
Government customers comprised 76% of Q3 net sales, commercial 2%, and international 22%. STEP subscription revenue contributed $1,088,284 in Q3 and $3,062,713 year‑to‑date. The company noted a prior‑year comparative impact from a $747,977 revenue timing adjustment recorded in early 2024.
VirTra, Inc. (VTSI) reported net sales of $6,978,938 for the quarter ended June 30, 2025, up 15% from $6,075,040 a year earlier, and $14,139,185 for the six months ended June 30, 2025, up 5% year-over-year. Gross profit for Q2 was $4,812,477 (69% margin), down from $5,524,616 (91% margin) a year ago due to a large increase in cost of sales.
Net income was $175,314 for Q2 and $1,439,375 for the six months; basic EPS was $0.02 for Q2 and $0.13 for the six months. Cash and cash equivalents totaled $20,697,354 and working capital was $34,120,441. Backlog was $18.8 million comprising $7.1M capital, $5.7M service and $6.0M STEP. Management capitalized $2.265M of software (V-XR) and reported foreign-exchange-related other expense of $(748,052) in Q2. The company disclosed a prior-period revenue restatement of $747,977 and identified material weaknesses in disclosure controls and internal control over financial reporting.