Virtuix (VTIX) Registration Filing summary

Financial performance and metrics

• Fiscal year ended March 31, 2025: net sales of $3.59M, up 49% from $2.41M in 2024; net loss of $14.65M, up from $12.40M in 2024.

• Six months ended September 30, 2025: net sales of $2.02M, up 138% from $0.85M in 2024; net loss of $4.16M, improved from $10.05M in 2024.

• Gross margin for FY2025 was -6% due to delivery of discounted units; gross margin improved to 29% for the six months ended September 30, 2025.

• Cash at September 30, 2025: $564,567; total assets: $5.68M; total liabilities: $6.67M; stockholders’ deficit: $(992,512).

• Accumulated deficit as of September 30, 2025: $66.65M.

Company overview and business model

• Develops omni-directional treadmills for VR, targeting consumer, enterprise, and defense markets.

• Main products: Omni Pro (commercial, discontinued), Omni Arena (entertainment, discontinued new sales), Omni One (consumer/enterprise, launched 2024), and VTW (defense, in development).

• Revenue from hardware sales, recurring software/services, and subscriptions.

• Over $20M in cumulative sales; shipped 1,800 Omni One units by September 2025.

• Recurring revenue streams include Omni Online subscriptions, game sales, and maintenance contracts.

Use of proceeds and capital allocation

• No proceeds to the company from the direct listing; proceeds from concurrent financings used for working capital, debt repayment, and general corporate purposes.

• $8M initial advance from Streeterville Capital at listing; up to $50M available over 24 months via equity purchase agreement, subject to conditions.

• Debt financing used to retire prior secured debt and fund operations.