VirTra, Inc. (VTSI) Income Statement
VTSI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVTSI revenue and net income
Where VTSI's revenue goes
2025Each bar shows an amount and its share of revenue. VTSI kept 1.2% of revenue as net income.
VTSI profit margins
VTSI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.0% | −7.5% | +3.3% | +5.3% |
| Gross profit | −21.7% | −2.2% | +5.0% | +7.1% |
| Operating income | −78.1% | −44.7% | −18.6% | −11.5% |
| Net income | −81.0% | −49.1% | −29.4% | −16.3% |
| EPS (diluted) | −94.7% | −60.3% | −47.0% | −25.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VTSI quarterly EPS vs estimates
VirTra beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 9, 2026 (estimate $-0.05).
VTSI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4M | $26.4M | $38.8M | $28.3M | $24.4M | $19.1M | $18.7M | $18.1M | $16.5M | $15.7M |
| Cost of revenue | $7.2M | $6.9M | $11.4M | $12.0M | $13.0M | $7.2M | $9.0M | $7.0M | $6.3M | $6.0M |
| Gross profit | $15.2M | $19.4M | $27.4M | $16.3M | $11.4M | $11.9M | $9.7M | $11.0M | $10.2M | $9.7M |
| Research & development | $2.4M | $3.0M | $2.8M | $2.6M | $1.9M | $1.6M | $1.3M | $1.4M | $1.3M | $1.1M |
| Sales, general & admin | $12.4M | $14.4M | $14.2M | $11.1M | $8.1M | $9.1M | $8.1M | $8.7M | $7.6M | $6.5M |
| Total operating expenses | $14.8M | $17.4M | $17.0M | $13.7M | $23.0M | $10.7M | $9.5M | $10.0M | $8.9M | $7.6M |
| Operating income | $437,495 | $2.0M | $10.4M | $2.6M | $1.5M | $1.2M | $262,318 | $999,901 | $1.3M | $2.1M |
| Interest expense | — | — | — | $66,165 | $0 | $33,291 | $109,130 | $0 | $0 | $0 |
| Income before taxes | $147,188 | $2.3M | $11.0M | $2.5M | $2.8M | $1.3M | $371,448 | $1.1M | $756,990 | $2.2M |
| Income taxes | −$111,258 | $887,286 | $1.8M | $571,642 | $246,050 | −$218,800 | $446,725 | $309,998 | −$2.5M | $102,752 |
| Net income | $258,446 | $1.4M | $9.2M | $2.0M | $2.5M | $1.5M | −$75,277 | $818,092 | $3.3M | $2.1M |
| EBITDA | $2.1M | $3.7M | $12.4M | $3.8M | $2.4M | $1.9M | $854,254 | $1.3M | $1.6M | $2.3M |
| EPS (diluted) | $0.01 | $0.19 | $0.76 | $0.16 | $0.16 | $0.24 | $0.03 | $0.17 | $0.53 | $0.26 |
| Gross margin | 67.9% | 73.7% | 70.7% | 57.4% | 46.7% | 62.3% | 51.9% | 61.1% | 61.9% | 61.9% |
| Operating margin | 2.0% | 7.6% | 26.8% | 9.2% | 6.0% | 6.4% | 1.4% | 5.5% | 7.9% | 13.6% |
| Net margin | 1.2% | 5.2% | 23.6% | 6.9% | 10.4% | 7.7% | −0.4% | 4.5% | 19.7% | 13.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M | $3.5M | $2.9M | $5.3M | $7.0M | $7.2M | $4.7M | $7.5M | $6.1M | $7.3M | $7.6M | $10.3M |
| Cost of revenue | $2.3M | $1.3M | $1.2M | $1.8M | $2.2M | $2.0M | $1.8M | $2.0M | $550,424 | $2.6M | $2.2M | $4.4M |
| Gross profit | $3.4M | $2.1M | $1.7M | $3.5M | $4.8M | $5.2M | $2.9M | $5.5M | $5.5M | $4.7M | $5.4M | $5.9M |
| Research & development | $435,493 | $500,673 | $476,831 | $689,521 | $608,116 | $609,127 | $729,880 | $724,757 | $855,285 | $693,380 | $487,388 | $711,754 |
| Sales, general & admin | $3.2M | $3.0M | $2.6M | $3.3M | $3.3M | $3.2M | $3.5M | $4.0M | $3.5M | $3.4M | $3.2M | $3.3M |
| Total operating expenses | $3.6M | $3.5M | $3.1M | $4.0M | $3.9M | $3.8M | $4.2M | $4.7M | $4.4M | $4.1M | $3.7M | $4.0M |
| Operating income | −$187,464 | −$1.3M | −$1.4M | −$450,160 | $914,366 | $1.4M | −$1.3M | $755,632 | $1.1M | $650,362 | $1.7M | $1.9M |
| Interest expense | — | — | — | — | — | — | — | — | — | $116,413 | — | — |
| Income before taxes | −$172,819 | −$1.3M | −$1.0M | −$360,477 | $166,314 | $1.4M | −$1.6M | $791,101 | $1.3M | $979,633 | $1.9M | $2.0M |
| Income taxes | $88,439 | $54,000 | −$232,349 | $28,090 | −$9,000 | $102,000 | $80,286 | $208,000 | $87,564 | $511,437 | $244,316 | $977,489 |
| Net income | −$261,258 | −$1.3M | −$792,361 | −$388,567 | $175,314 | $1.3M | −$1.6M | $583,101 | $1.2M | $468,196 | $1.6M | $1.0M |
| EBITDA | $347,538 | −$761,111 | −$171,663 | $147,271 | $722,016 | $1.7M | −$1.2M | $1.1M | $1.6M | $1.3M | $2.2M | $2.4M |
| EPS (diluted) | −$0.02 | −$0.12 | −$0.09 | −$0.03 | $0.02 | $0.11 | −$0.08 | $0.05 | $0.11 | $0.11 | $0.15 | $0.09 |
| Gross margin | 59.3% | 61.4% | 57.5% | 65.8% | 69.0% | 72.6% | 62.3% | 73.5% | 90.9% | 64.2% | 71.2% | 57.3% |
| Operating margin | −3.3% | −38.2% | −47.9% | −8.4% | 13.1% | 19.1% | −27.4% | 10.1% | 18.6% | 8.9% | 22.1% | 18.7% |
| Net margin | −4.5% | −38.2% | −27.2% | −7.3% | 2.5% | 17.7% | −34.8% | 7.8% | 19.8% | 6.4% | 21.6% | 9.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VTSI's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VTSI financial results
In fiscal year 2025 (ended December 31, 2025), VirTra reported revenue of $22.4 million, down 15.0% from the year before. It had net income of $0.3 million (down 81.0%), a net profit margin of 1.2%. Diluted earnings per share came to $0.01. Over five years revenue grew at an average rate of 3.3% a year.
See the VTSI stock overview for the latest quote and news, or the VTSI chart for price history and technical indicators.
VTSI income statement FAQ
What is VirTra's annual revenue?
VirTra reported total revenue of $22.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 15.0% from $26.4 million the previous year.
Is VirTra profitable?
Yes. VirTra reported net income of $0.3 million in fiscal 2025, a net profit margin of 1.2%; its operating margin was 2.0%.
What is VirTra's gross margin?
VirTra's gross margin was 67.9% in fiscal 2025: for every $100 of revenue, VirTra kept $68 after the direct cost of its products and services.
How much does VirTra spend on research and development?
VirTra spent $2.4 million on research and development in fiscal 2025, 10.6% of revenue.
How fast is VirTra growing?
Revenue grew 3.3% a year on average over the last five fiscal years, from $19.1 million to $22.4 million.
What are VirTra's earnings per share?
VirTra earned $0.01 per diluted share in fiscal 2025, compared with $0.19 a year earlier.
When will VirTra report its next earnings?
VirTra is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does VirTra's fiscal year end?
VirTra's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.