Quarterly ResultJun 26, 2026, 04:37 PM
Virtuix FY26 Revenue +18% to $4.3M; Gross Margin 25%; Launches Omni One for Quest
AI Summary
Virtuix Holdings Inc. reported strong financial and operational results for fiscal year 2026, with net sales increasing 18% to $4.3 million and gross profit improving significantly to $1.0 million. The company's gross margin expanded to 25%, and operating expenses decreased by 19%. Additionally, Virtuix launched Omni One for Quest in collaboration with Meta, aiming to expand its addressable market to over 20 million Meta Quest headsets, and advanced its AI-driven defense training initiatives with the U.S. Air Force, Marine Corps, and Navy.
Key Highlights
- Net sales for fiscal year 2026 increased 18% to $4.3 million.
- Gross profit improved to $1.0 million from ($0.2) million in prior year.
- Gross margin expanded to 25% from (6%) in the prior year period.
- Total operating expenses decreased 19% to $11.4 million.
- Cash and cash equivalents totaled $9.5 million as of March 31, 2026.
- Launched Omni One for Quest in collaboration with Meta, expanding market to 20M+ Quest headsets.
- Selected by U.S. Air Force for Phase I funding under AFWERX SBIR program.
- Expanded Omni One sales to Europe and Canada for international growth.
Price Impact
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