Virco Mfg. Corporation (VIRC) Income Statement
VIRC FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsVIRC revenue and net income
Where VIRC's revenue goes
FY2026Each bar shows an amount and its share of revenue. VIRC kept 1.3% of revenue as net income.
VIRC profit margins
VIRC growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −25.0% | −4.8% | +5.5% | +1.7% |
| Gross profit | −29.2% | −1.6% | +8.1% | +3.1% |
| Operating income | −86.9% | −29.9% | — | −4.7% |
| Net income | −88.1% | −46.3% | — | −5.6% |
| EPS (diluted) | −87.3% | −44.8% | — | −5.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VIRC quarterly EPS vs estimates
Virco Mfg. beat the analyst EPS estimate in 2 of the last 8 quarters.
VIRC income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199.7M | $266.2M | $269.1M | $231.1M | $184.8M | $152.8M | $193.0M | $200.7M | $189.3M | $173.4M |
| Cost of revenue | $118.4M | $151.5M | $153.1M | $145.7M | $123.9M | $97.9M | $121.3M | $133.6M | $123.8M | $110.9M |
| Gross profit | $81.2M | $114.7M | $116.1M | $85.3M | $60.9M | $54.9M | $71.7M | $67.1M | $65.5M | $62.5M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $76.1M | $86.8M | $83.9M | $74.7M | $63.5M | $56.4M | $66.5M | $66.0M | $61.5M | $56.6M |
| Total operating expenses | $77.6M | $86.8M | $84.2M | $74.7M | $63.5M | $56.4M | $66.5M | $66.0M | $61.5M | $56.6M |
| Operating income | $3.7M | $27.9M | $31.9M | $10.6M | −$2.5M | −$1.4M | $5.9M | $2.3M | $4.0M | $5.9M |
| Interest income | — | — | — | — | — | — | $2.5M | $2.2M | $1.5M | $1.2M |
| Interest expense | $300,000 | $349,000 | $2.7M | $2.0M | $1.2M | $1.5M | $2.5M | $2.2M | $1.5M | $1.2M |
| Income before taxes | $3.5M | $28.4M | $29.2M | $8.0M | −$3.7M | −$3.0M | $2.7M | −$1.1M | $2.4M | $4.7M |
| Income taxes | $895,000 | $6.8M | $7.3M | −$8.5M | $11.4M | −$744,000 | $345,000 | $497,000 | $5.6M | −$18.0M |
| Net income | $2.6M | $21.6M | $21.9M | $16.5M | −$15.1M | −$2.2M | $2.4M | −$1.6M | −$3.2M | $22.8M |
| EBITDA | $9.9M | $34.5M | $37.0M | $14.6M | $2.0M | $3.7M | $11.0M | $6.9M | $9.4M | $11.0M |
| EPS (diluted) | $0.17 | $1.34 | $1.34 | $1.01 | −$0.95 | −$0.14 | $0.15 | −$0.11 | −$0.22 | $0.27 |
| Gross margin | 40.7% | 43.1% | 43.1% | 36.9% | 33.0% | 35.9% | 37.1% | 33.4% | 34.6% | 36.1% |
| Operating margin | 1.8% | 10.5% | 11.8% | 4.6% | −1.4% | −0.9% | 3.1% | 1.2% | 2.1% | 3.4% |
| Net margin | 1.3% | 8.1% | 8.1% | 7.2% | −8.2% | −1.5% | 1.2% | −0.8% | −1.7% | 13.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.5M | $30.7M | $26.2M | $47.6M | $92.1M | $33.8M | $28.5M | $82.6M | $108.4M | $46.7M | $42.6M | $84.3M |
| Cost of revenue | $52.5M | $18.0M | $19.9M | $29.5M | $51.2M | $17.7M | $21.0M | $45.9M | $58.2M | $26.4M | $26.5M | $46.0M |
| Gross profit | $35.0M | $12.7M | $6.3M | $18.1M | $40.9M | $16.0M | $7.5M | $36.7M | $50.2M | $20.3M | $16.1M | $38.2M |
| Sales, general & admin | $24.5M | $16.1M | $14.7M | $19.8M | $25.0M | $15.8M | $14.3M | $25.7M | $28.1M | $17.2M | $18.8M | $23.8M |
| Total operating expenses | $24.5M | $16.4M | $16.2M | $19.8M | $25.5M | $16.1M | $15.6M | $25.6M | $28.3M | $17.4M | $18.8M | $23.5M |
| Operating income | $10.5M | −$3.7M | −$9.9M | −$1.7M | $15.4M | −$94,000 | −$8.1M | $11.1M | $21.9M | $3.0M | −$2.8M | $14.7M |
| Interest income | — | — | — | — | — | — | — | $24,000 | — | — | — | — |
| Interest expense | $170,000 | $106,000 | $330,000 | $40,000 | $205,000 | $385,000 | $157,000 | — | $322,000 | $208,000 | $119,000 | $765,000 |
| Income before taxes | $11.2M | −$3.7M | −$9.9M | −$1.8M | $14.2M | $994,000 | −$7.8M | $11.3M | $22.1M | $2.9M | −$2.7M | $13.5M |
| Income taxes | $2.6M | −$927,000 | −$2.9M | −$484,000 | $4.0M | $262,000 | −$2.1M | $2.9M | $5.2M | $731,000 | −$331,000 | $3.3M |
| Net income | $8.6M | −$2.8M | −$7.0M | −$1.3M | $10.2M | $732,000 | −$5.7M | $8.4M | $16.8M | $2.1M | −$2.3M | $10.2M |
| EBITDA | $12.0M | −$2.1M | −$8.4M | −$225,000 | $16.3M | $2.9M | −$6.4M | $12.7M | $23.8M | $4.7M | −$1.2M | $15.5M |
| EPS (diluted) | $0.55 | −$0.18 | −$0.45 | −$0.08 | $0.65 | $0.05 | −$0.35 | $0.52 | $1.04 | $0.13 | −$0.14 | $0.62 |
| Gross margin | 40.0% | 41.4% | 23.9% | 38.0% | 44.4% | 47.5% | 26.2% | 44.4% | 46.3% | 43.5% | 37.7% | 45.4% |
| Operating margin | 12.1% | −11.9% | −37.9% | −3.6% | 16.7% | −0.3% | −28.5% | 13.5% | 20.2% | 6.4% | −6.5% | 17.5% |
| Net margin | 9.8% | −9.0% | −26.8% | −2.8% | 11.1% | 2.2% | −20.1% | 10.2% | 15.5% | 4.6% | −5.5% | 12.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VIRC's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VIRC financial results
In fiscal year 2026 (ended January 31, 2026), Virco Mfg. reported revenue of $199.7 million, down 25.0% from the year before. It had net income of $2.6 million (down 88.1%), a net profit margin of 1.3%. Diluted earnings per share came to $0.17. Over five years revenue grew at an average rate of 5.5% a year.
See the VIRC stock overview for the latest quote and news, or the VIRC chart for price history and technical indicators.
VIRC income statement FAQ
What is Virco Mfg.'s annual revenue?
Virco Mfg. reported total revenue of $199.7 million for fiscal year 2026, which ended on January 31, 2026. That was down 25.0% from $266.2 million the previous year.
Is Virco Mfg. profitable?
Yes. Virco Mfg. reported net income of $2.6 million in fiscal 2026, a net profit margin of 1.3%; its operating margin was 1.8%.
What is Virco Mfg.'s gross margin?
Virco Mfg.'s gross margin was 40.7% in fiscal 2026: for every $100 of revenue, Virco Mfg. kept $41 after the direct cost of its products and services.
How fast is Virco Mfg. growing?
Revenue grew 5.5% a year on average over the last five fiscal years, from $152.8 million to $199.7 million.
What are Virco Mfg.'s earnings per share?
Virco Mfg. earned $0.17 per diluted share in fiscal 2026, compared with $1.34 a year earlier.
When does Virco Mfg.'s fiscal year end?
Virco Mfg.'s fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on April 8, 2026.