Quarterly ResultJun 25, 2026, 08:02 AM
Virtuix FY26 Net Sales +18% to $4.3M; Gross Margin 25%
AI Summary
Virtuix Holdings Inc. reported strong fiscal year 2026 results, with net sales increasing 18% to $4.3 million and gross profit improving significantly to $1.0 million, expanding gross margin to 25%. Operating expenses decreased by 19%, and the company's cash position improved to $9.5 million. Key strategic milestones include the launch of Omni One for Quest in collaboration with Meta, expanding its market reach, and accelerating AI-driven defense training adoption through partnerships with all four U.S. military branches. The company also listed on Nasdaq and received a patent for its Omni One treadmill design.
Key Highlights
- Net sales increased 18% to $4.3 million for fiscal year 2026.
- Gross profit improved by $1.3 million to $1.0 million, with gross margin expanding to 25%.
- Operating expenses decreased by 19% to $11.4 million.
- Cash and cash equivalents improved to $9.5 million as of March 31, 2026.
- Launched Omni One for Quest in collaboration with Meta, expanding addressable market to over 20 million Meta Quest headsets.
- Secured U.S. Air Force funding and partnered with U.S. Marine Corps and Navy for defense training applications.
- Net loss for the year was ($16.8) million, reflecting $6.4 million in non-cash, non-operating costs.
Price Impact
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