VirTra, Inc. (VTSI) AI Stock Analysis

NASDAQ: VTSIAI research summary: business, growth, valuation, analysts, bull and bear case.

VTSI AI stock analysis summary

AI Research

VirTra, Inc. (VTSI) develops simulation and training systems for law enforcement, military, and commercial markets worldwide. The company has faced top-line contractions, with revenue falling 15.0% in FY2025 and trailing twelve-month net margin standing at -15.8%. Despite near-term earnings pressure, it maintains net cash of $2.9M and a current ratio of 3.89.

Market cap
$31.1M
Revenue (TTM)
$17.5M
P/E
—
fwd 17.2x
1Y return
-51.9%
S&P 500 16.8%
Avg. target
$6.25
127.3% vs last close

Bull case

  • The balance sheet carries net cash of $2.9M with a strong current ratio of 3.89 as of June 30, 2026.
  • Free cash flow rebounded to $3.1M in FY2025, supported by $4.6M in operating cash flow.
  • Analysts forecast revenue to rebound 27.4% to $24.9M in the fiscal year following FY2026.

Bear case

  • Annual revenue has dropped for two consecutive years, falling 32.1% in FY2024 and 15.0% in FY2025.
  • Trailing twelve-month operations were unprofitable, generating an operating margin of -3.2% and EPS of -$0.24.
  • The stock has shed 51.9% of its value over the past 12 months, trading 25.7% below its 200-day moving average.

What VirTra does

VirTra, Inc., based in Chandler, Arizona, provides force training simulators and firearms training solutions for law enforcement, military, educational, and commercial clients globally. Its product portfolio features multi-screen and single-screen hardware such as the V-300 wrap-around simulator, the V-180, the V-100 and V-100 MIL, and the V-ST PRO for firearms shooting skills. VirTra also offers the Virtual Interactive Coursework Training Academy, content authoring through V-Author software, and subscription-based access via its Subscription Training Equipment Partnership program. It distributes products worldwide via a direct sales force and distribution partners.

Growth and profitability

VirTra experienced significant top-line expansion between FY2021 and FY2023, with revenue rising from $24.4M to a peak of $38.8M and net income reaching $9.2M. However, revenue declined 32.1% in FY2024 to $26.4M and dropped another 15.0% to $22.4M in FY2025, while net income fell to $258,446. Over the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 3.3%. For the latest quarter ended June 30, 2026, quarterly revenue fell 17.4% year-over-year, and quarterly earnings decreased 85.7%. On a trailing twelve-month basis, revenue stood at $17.5M with an operating margin of -3.2% and EPS of -$0.24.

VTSI income statement →

Balance sheet and cash flow

As of June 30, 2026, VirTra held $14.3M in cash and short-term investments against $11.4M in total debt, leaving net cash of $2.9M. Liquidity remains supported by a current ratio of 3.89 and a debt-to-equity ratio of 0.26 against shareholders' equity of $44.1M. Operating cash flow improved to $4.6M in FY2025, yielding free cash flow of $3.1M after capital expenditures of $1.5M. The company's share count increased 4.6% over the past 5 years.

VTSI balance sheet →

Valuation and performance

VTSI trades at a forward P/E of 17.2x, below the median of 18.8x for its US-listed Technology peers. Its enterprise value-to-revenue multiple sits at 1.7x and EV/EBITDA is 14.5x, compared to peer medians of 2.8x for price-to-sales and 16.6x for EV/EBITDA. The stock has dropped 51.9% over the past year and 71.3% over five years, underperforming the S&P 500 (SPY), which gained 16.8% and 83.0% across those respective periods.

VTSI key metrics →

What analysts expect

VirTra has 2 analyst recommendations, both rating the shares as Strong Buy. The mean price target is $6.25, representing upside of 127.3% from the last close of $2.75. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$0.19 on revenue of $19.6M. For the following fiscal year, analysts anticipate EPS of $0.07 on revenue of $24.9M. The company has beat EPS estimates in 1 of the last 4 quarters, with the next earnings release scheduled for November 9, 2026.

VTSI forecast and price target →

Key risks and what to watch

  • Revenue fell 17.4% year-over-year in the quarter ended June 30, 2026, highlighting ongoing near-term top-line headwinds.
  • The company's earnings track record shows EPS beats in only 1 of the last 4 quarters.
  • Full-year FY2026 consensus projects a net loss with an EPS estimate of -$0.19.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this VTSI AI stock analysis

This page is an AI-written research summary of VirTra, Inc. (VTSI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: VTSI income statement, VTSI balance sheet, VTSI key metrics, VTSI analyst forecast, VTSI chart. See the VTSI stock overview for the latest quote and news.

VTSI AI stock analysis FAQ

What products does VirTra manufacture?

VirTra develops simulation hardware and training programs, including the 300-degree V-300, the V-180, and the single-screen V-100 and V-ST PRO systems. It also provides V-Author software and the Subscription Training Equipment Partnership program.

Does VirTra pay a dividend?

VirTra does not pay a dividend, prioritizing cash flow for operational needs and capital expenditures, which were $1.5M in FY2025.

What is VirTra's net cash position?

As of June 30, 2026, VirTra had $14.3M in cash and short-term investments and $11.4M in total debt, resulting in net cash of $2.9M.

What are analysts forecasting for VirTra's earnings?

Analysts expect an EPS of -$0.19 on $19.6M in revenue for FY2026, followed by a recovery to positive EPS of $0.07 on $24.9M in revenue for FY2027.

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