The Meta Quest launch and defense pipeline are real catalysts but the net loss widened and cash burn accelerated. Monitor cash runway ($9.5M) and upcoming Q1 FY2027 for early Omni One for Quest sales data. The 424B5 warrant amendments (exercise price cut to $4.00) create overhang below current levels.
Price Chart
Executive Summary
Virtuix reported fiscal year 2026 revenue of $4.3M (+18% YoY) and a net loss of -$16.8M, wider than the prior year's -$14.6M due to $6.4M in non-cash financing costs. EPS of -$0.39 missed consensus of -$0.36 (-8.3% surprise). Key catalysts include the launch of Omni One for Quest with Meta and growing defense pipeline across all four U.S. military branches, but the expanding operating cash burn (-$9.5M vs -$7.9M) and widening net loss temper the narrative.
Key Financial Metrics
Key Facts
- FY 2026 net sales $4.3M, up 18% YoY from $3.6M
- Gross margin improved to 25% from (6%) in prior year
- Net loss widened to -$16.8M from -$14.6M, reflecting $6.4M non-cash financing costs
- EPS -$0.39 missed consensus estimate of -$0.36 (-8.3% miss)
- Cash position improved to $9.5M from $0.5M after capital raises
- Operating cash flow worsened to -$9.5M from -$7.9M
- Launched Omni One for Quest with Meta on June 23, 2026
- Active defense contracts with all four U.S. military branches
- Formed special committee to evaluate defense training acquisitions ($10M-$50M revenue target)
Financial Impact
Modest revenue beat on absolute $4.3M but EPS miss; operating cash burn widening; $9.5M cash runway is the key buffer
Risk Factors
- Operating cash burn accelerating at -$9.5M vs $7.9M prior year
- Net loss widened to -$16.8M despite revenue growth
- Warrant exercise price reduced to $4.00 creates potential dilution overhang
- Sub-$10M quarterly revenue base makes EPS miss largely mechanical
- Reliance on defense contract awards (uncertain timing and funding)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-072654 |
| Document: ea0296064-8k_virtuix.htm | 0001213900-26-072654 |
| Document: ea029606401ex99-2.htm | 0001213900-26-072654 |
| Document: ea029606401ex99-3.htm | 0001213900-26-072654 |
| Document: 0001213900-26-072654-index-headers.html | 0001213900-26-072654 |
| Document: 0001213900-26-072654-index.html | 0001213900-26-072654 |
| Document: 0001213900-26-072654.txt | 0001213900-26-072654 |
| 8-K Data (Synthetic) | 0001213900-26-072654 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $1.13 | awaiting T+20 | — | $0.6498 (+42.50%) |
Sep 30, 2026 25d ago | 8-K | $1.21 | awaiting T+20 | — | $0.6498 (−46.30%) |
Sep 23, 2026 4w ago | Press Release | $1.13 $0.7791 | ▼ −31.05% | ▼ −31.74% | $0.6498 (−42.50%) |
Aug 12, 2026 10w ago | Press Release | $1.70 | awaiting T+20 | — | $0.6498 (−61.78%) |
Aug 6, 2026 11w ago | DEFA14A | $1.69 $1.31 | ▼ −22.49% | ▼ −23.09% | $0.6498 (−61.55%) |
Aug 6, 2026 11w ago | 8-K | $1.69 $1.31 | ▲ +22.49% | ▲ +23.09% | $0.6498 (+61.55%) |
Aug 5, 2026 11w ago | Insider Cluster | $1.69 $1.31 | ▼ −22.49% | ▼ −23.09% | $0.6498 (−61.55%) |
Jul 31, 2026 12w ago | Insider Cluster | $1.56 $1.33 | ▲ +14.74% | ▲ +15.98% | $0.6498 (+58.35%) |
Jul 29, 2026 12w ago | 10-K/A | $1.61 $1.38 | ▼ −14.29% | ▼ −18.25% | $0.6498 (−59.64%) |
Jul 21, 2026 13w ago | 8-K / 424B5 | $2.29 $1.59 | ▲ +30.57% | ▲ +33.13% | $0.6498 (+71.62%) |
US Market Status
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