Virtuix (VTIX) Q4 2026 earnings summary

Executive summary

• Achieved 18% year-over-year revenue growth to $4.3 million, driven by strong consumer demand, Omni One launches, and a successful holiday season.

• Listed on Nasdaq in January 2026, enhancing access to capital and market visibility.

• Expanded internationally to the EU, UK, and Canada, and launched Omni One for Quest in partnership with Meta, expanding the addressable market to over 20 million Meta Quest headsets.

• Gained significant traction in defense, with active programs and contracts across all four branches of the U.S. military.

• Advanced into healthcare and enterprise verticals through university collaborations and AI-driven technology, including neurodivergent therapy and rehabilitation.

Financial highlights

• Full-year revenue increased 18% to $4.3 million, with December 2026 new sales up 60% year-over-year.

• Gross margin improved to 25% from negative 6% the prior year, a 31-point increase, aided by higher selling prices and lower manufacturing overhead.

• Operating expenses decreased 19% to $11.4 million, reflecting cost discipline and lower G&A and R&D costs.

• Net loss was $16.8 million, impacted by $6.4 million in non-operating, mostly non-cash, costs including interest, debt amortization, and a one-time warrant modification.

• Cash and cash equivalents rose to $9.5 million from $0.5 million year-over-year, supported by $18.6 million in financing activities.

Outlook and guidance

• Plans to scale consumer revenue via Omni One for Quest and international expansion.

• Targeting growth in defense through larger contracts and recurring software revenue.

• Pursuing strategic acquisitions in defense training and simulation, aiming for $10–$50 million in recurring revenue.

• Focused on improving gross margins to 40%+ in consumer and 70%+ in enterprise segments.

• Management anticipates continued international expansion and recurring revenues from software licensing and simulation development, with a commitment to achieving profitability through revenue growth and expense discipline.