Virtuix reports 18 percent sales growth in fiscal 2026
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- Virtuix (NASDAQ:VTIX) reported fiscal 2026 net sales of $4.3 million, up 18% year over year.
- Gross margin reached 25% while operating expenses declined 19% to $11.4 million.
- The company highlighted progress with Meta collaboration, international expansion, and new defense contracts.
Virtuix (NASDAQ:VTIX) reported fiscal 2026 net sales of $4.3 million, an increase of 18% from the prior year.
Gross profit improved to $1 million, representing a 25% gross margin.
Operating expenses decreased 19% to $11.4 million, resulting in a net loss of $16.8 million for the year.
Virtuix ended the fiscal year with cash of $9.5 million.
The company also noted several growth initiatives, including the Meta “Made for Meta” collaboration for Omni One for Quest, expanded sales into Europe and Canada, and new AI-driven defense training projects with all four U.S. military branches.
Virtuix develops immersive virtual reality hardware and software solutions, including its Omni One omnidirectional treadmill platform.
The company continues to focus on consumer VR applications, international market expansion, and growing opportunities in defense and enterprise training sectors.
