VTSI

MKT CAP:$52M

VirTra, Inc.

Market Cap

$52M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$4.60+$0.19 (+4.31%)

Apr 23, 2026

Company Details

VirTra, Inc. provides force training simulators and firearms training simulators for law enforcement, military, educational, and commercial markets worldwide. It offers V-300 simulator, a 300 degree wrap-around screen for simulation trainin...

CEO

John F. Givens

IPO Date

Sep 25, 2012

Website

www.virtra.com

Key Metrics TTM

Revenue

$24M

-23.9% YoY

Net Income

-$585.5K

EPS (Diluted)

-$0.06

Free Cash Flow

$1M

Revenue / Share

$2.15

Gross Margin

68.0%

Operating Margin

2.2%

Net Margin

-2.4%

FCF Margin

5.6%

P/S

2.1x

P/E

—

Earnings Reports

Q4 2025

May 11, 2026

PENDING

FY 2025

Mar 26, 2026

$22M-15.0%EPS $0.02

Q3 2025

Nov 10, 2025

$5M-28.5%EPS -$0.03

Q2 2025

Aug 11, 2025

$7M+14.9%EPS $0.02

Q1 2025

May 12, 2025

$7M-2.5%EPS $0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$9M	$3M	-$196.4K
Q1 22	$7M	$4M	$711.3K
Q2 22	$8M	$5M	$1M
Q3 22	$5M	$3M	-$1M
Q4 22	$9M	$5M	$2M
Q1 23	$10M	$7M	$3M
Q2 23	$10M	$6M	$2M
Q3 23	$8M	$5M	$2M
Q4 23	$11M	$9M	$3M
Q1 24	$7M	$5M	$650.4K
Q2 24	$6M	$6M	$1M
Q3 24	$7M	$5M	$755.6K
Q4 24	$5M	$3M	-$1M
Q1 25	$7M	$5M	$1M
Q2 25	$7M	$5M	$914.4K
Q3 25	$5M	$4M	-$450.2K

Valuation

Quarter	P/S	P/E
Q4 21	3.1x	30.3x
Q1 22	2.3x	25.4x
Q2 22	1.7x	18.3x
Q3 22	2.3x	111.1x
Q4 22	1.9x	27.9x
Q1 23	1.9x	13.8x
Q2 23	2.4x	17.9x
Q3 23	1.6x	8.6x
Q4 23	3.2x	13.5x
Q1 24	2.9x	15.8x
Q2 24	2.7x	12.4x
Q3 24	2.2x	12.0x
Q4 24	2.9x	120.1x
Q1 25	1.8x	32.2x
Q2 25	3.0x	204.4x
Q3 25	2.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$1M	$6M
Q1 22	-$3M	-$4M
Q2 22	$338.0K	-$583.3K
Q3 22	$1M	$693.3K
Q4 22	-$1M	-$2M
Q1 23	$978.6K	$815.2K
Q2 23	-$665.1K	-$847.3K
Q3 23	$4M	$4M
Q4 23	$2M	$2M
Q1 24	$5M	$4M
Q2 24	-$4M	-$4M
Q3 24	$1M	$1M
Q4 24	-$1M	-$2M
Q1 25	$65.7K	-$362.7K
Q2 25	$6M	$3M
Q3 25	$36.3K	$133.8K

Capital Expenditures

Quarter	CapEx
Q4 21	$8M
Q1 22	$804.4K
Q2 22	$921.3K
Q3 22	$632.3K
Q4 22	$897.1K
Q1 23	$163.4K
Q2 23	$182.2K
Q3 23	$166.6K
Q4 23	$615.9K
Q1 24	$2M
Q2 24	$62.0K
Q3 24	$83.5K
Q4 24	$153.3K
Q1 25	$428.4K
Q2 25	$3M
Q3 25	$97.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+31.6%	+69.2%
Q1 22	+52.0%	+55.8%
Q2 22	+52.2%	+56.9%
Q3 22	-19.5%	+2.5%
Q4 22	+0.1%	-23.8%
Q1 23	+48.5%	+8.5%
Q2 23	+29.3%	+20.9%
Q3 23	+54.2%	-1.4%
Q4 23	+25.6%	+12.1%
Q1 24	-26.7%	+2.1%
Q2 24	-41.2%	-41.2%
Q3 24	-1.0%	+14.2%
Q4 24	-56.8%	-20.7%
Q1 25	-2.5%	-13.5%
Q2 25	+14.9%	+22.7%
Q3 25	-28.5%	-13.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	-$70.5K	-1.4%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$140.0K	1.9%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$29.5K	0.4%
Q2 25	$183.3K	2.6%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A
Q4 21	$608.6K	$2M
Q1 22	$679.4K	$2M
Q2 22	$617.1K	$3M
Q3 22	$687.9K	$3M
Q4 22	$622.5K	$3M
Q1 23	$766.3K	$3M
Q2 23	$711.8K	$3M
Q3 23	$487.4K	$3M
Q4 23	$828.9K	$5M
Q1 24	$693.4K	$3M
Q2 24	$855.3K	$4M
Q3 24	$724.8K	$4M
Q4 24	$729.9K	$3M
Q1 25	$609.1K	$3M
Q2 25	$608.1K	$3M
Q3 25	$689.5K	$3M

Revenue Segments

Quarter	Net Sales
Q1 23	$10M
Q2 25	$7M
Q3 25	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$16M	$0	$16M
Q2 22	$15M	$0	$15M
Q3 22	$16M	$0	$16M
Q4 22	$13M	$0	$13M
Q1 23	$14M	$0	$14M
Q2 23	$13M	$0	$13M
Q3 23	$17M	$0	$17M
Q4 23	$19M	$0	$19M
Q1 24	$22M	$0	$22M
Q2 24	$18M	$0	$18M
Q3 24	$20M	$0	$20M
Q4 24	$18M	$0	$18M
Q1 25	$18M	$0	$18M
Q2 25	$21M	$0	$21M
Q3 25	$21M	$0	$21M
Q4 25	$19M	$0	$19M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	10M	-8.8%	+32.0%
Q1 22	11M	+7.8%	+38.5%
Q2 22	11M	+0.4%	+1.9%
Q3 22	11M	-0.2%	-1.5%
Q4 22	11M	+0.5%	+8.6%
Q1 23	11M	-0.0%	+0.6%
Q2 23	11M	+0.1%	+0.4%
Q3 23	11M	+0.1%	+0.7%
Q4 23	11M	+0.2%	+0.4%
Q1 24	11M	-0.0%	+0.4%
Q2 24	11M	+1.0%	+1.2%
Q3 24	11M	+1.0%	+2.1%
Q4 24	11M	+0.7%	+2.7%
Q1 25	11M	-0.8%	+1.8%
Q2 25	11M	+0.9%	+1.8%
Q3 25	11M	+0.1%	+0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$71.4K	121
Q1 22	$55.8K	121
Q2 22	$66.1K	121
Q3 22	$40.5K	121
Q4 22	$71.5K	121
Q1 23	$82.9K	121
Q2 23	$85.4K	121
Q3 23	$62.5K	121
Q4 23	$97.0K	112
Q1 24	$65.6K	112
Q2 24	$54.2K	112
Q3 24	$66.8K	112
Q4 24	$42.3K	111
Q1 25	$64.5K	111
Q2 25	$62.9K	111
Q3 25	$48.2K	111

Revenue / Employee