Filing Flows › VirTra (VTSI) › Q4 2025
VirTra (VTSI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
VirTra (VTSI) reported revenue of $2.9M for the fourth quarter 2025 (Q4 2025), -47% from a year earlier and -46% from the quarter before. Operating margin was -47.9%, net loss $792K (27.2% of revenue).
VirTra, Q4 2025: revenue $2.9M (-46% year over year), operating margin -47.9%, net loss $792K, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9M | -46% | -47% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$792K | — | — |
| Operating cash flow | −$1.5M | -4215% | — |
What changed
Revenue was $2.9M in Q4 2025, down 47% year over year and down 46% from the previous quarter.
Gross margin was 57.5%, down 10.0 points from Q4 2024. Operating costs exceeded revenue by $1.4M, an operating margin of -47.9%. Operating expenses fell 27% while revenue fell 47%. The quarter ended with a net loss of $792K, wider than the previous quarter's $389K loss. Non-operating items added $370K, -36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.5M. Non-cash charges added back $810K of depreciation and amortization and $52K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $616K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was VirTra's revenue in the fourth quarter 2025?
VirTra (VTSI) reported revenue of $2.9M for the fourth quarter 2025 (Q4 2025), -47% from a year earlier and -46% from the quarter before.
Was VirTra profitable in the fourth quarter 2025?
Operating loss was $1.4M (-47.9% of revenue) and net loss $792K.
Source: VirTra 10-K on SEC EDGAR.