Filing Flows › VirTra (VTSI) › Q3 2025
VirTra (VTSI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
VirTra (VTSI) reported revenue of $5.3M for the third quarter 2025 (Q3 2025), -29% from a year earlier and -23% from the quarter before. Operating margin was -8.4%, net loss $389K (7.3% of revenue).
VirTra, Q3 2025: revenue $5.3M (-28% year over year), operating margin -8.4%, net loss $389K, operating cash flow $36K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3M | -23% | -29% |
| Operating profit | −$450K | -149% | — |
| Net earnings | −$389K | -322% | — |
| Operating cash flow | $36K | -99% | -96% |
What changed
Revenue was $5.3M in Q3 2025, down 29% year over year and down 23% from the previous quarter. Simulators and Accessories was the largest line at 58% of revenue. Simulators and Accessories lost $1.4M year over year (down 32%), 67% of the total change.
Gross margin was 65.8%, down 7.7 points from a year earlier. Operating costs exceeded revenue by $450K, an operating margin of -8.4%. Operating expenses fell 16% while revenue fell 29%. The quarter ended with a net loss of $389K, after a profit of $175K the previous quarter. Non-operating items added $90K, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $36K (down 96% year over year). Non-cash charges added back $123K of depreciation and amortization. Working capital and other items added $302K. Capital expenditures of −$97K left free cash flow of $134K.
Questions
What was VirTra's revenue in the third quarter 2025?
VirTra (VTSI) reported revenue of $5.3M for the third quarter 2025 (Q3 2025), -29% from a year earlier and -23% from the quarter before.
Was VirTra profitable in the third quarter 2025?
Operating loss was $450K (-8.4% of revenue) and net loss $389K.
Source: VirTra 10-Q on SEC EDGAR.