Virtuix posts 18% sales rise but net loss widens in fiscal 2026

Virtuix Holdings Inc. (NASDAQ: VTIX), an Austin, Texas-based maker of virtual reality treadmill systems, reported net sales of $4.3 million for the fiscal year ended March 31, 2026, an 18% increase from $3.6 million in the prior year, according to a company press release.

Gross profit improved by $1.3 million to $1.0 million, compared to a gross loss of $0.2 million a year earlier, as gross margin expanded to 25% from negative 6%. The improvement was attributed to a price increase on the Omni One system from $2,595 to $3,495, lower per-unit manufacturing costs, and the completion of deliveries of discounted units to equity crowdfunding investors.

Total operating expenses fell 19% to $11.4 million from $14.0 million, driven primarily by a $2.2 million decrease in general and administrative expenses and a $1.3 million reduction in research and development costs, partially offset by a $0.9 million rise in selling expenses.

Net loss widened to $16.8 million from $14.6 million in the prior year. The company attributed the increase largely to $6.4 million in non-cash, non-operating costs, including interest expense, debt-discount amortization, and a one-time warrant modification charge. Cash and cash equivalents totaled $9.5 million as of March 31, 2026, up from $0.5 million a year earlier, primarily reflecting financing activities.

During the fiscal year, Virtuix listed on the Nasdaq Global Market under the ticker "VTIX" on January 27, 2026. The company launched its Omni One product in collaboration with Meta for use with Meta Quest headsets and expanded sales to Europe and Canada. On the defense side, Virtuix was selected by the U.S. Air Force for Phase I funding under the AFWERX SBIR program, signed a cooperative research agreement with the U.S. Navy, and was assigned as lead integrator for a U.S. Marine Corps virtual infantry training system project. The company also formed a special committee to evaluate potential acquisitions in the defense training sector, targeting companies with revenues of $10 million to $50 million.

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