Virtuix Posts 18% Sales Growth, 25% Margin and $9.5M Cash
VTIX•Virtuix’s fiscal 2026 net sales rose 18% year-over-year to $4.3 million, driving gross profit to $1.0 million and expanding gross margin to 25% while operating expenses fell 19%. Cash reserves improved to $9.5 million as the company launched Omni One for Meta Quest, secured multiple U.S. defense contracts and listed on Nasdaq.
1. Fiscal 2026 Financial Results
For the fiscal year ended March 31, 2026, net sales increased 18% to $4.3 million, up from $3.6 million a year earlier. Gross profit rose by $1.3 million to $1.0 million, expanding gross margin to 25% from a negative 6% in the prior period.
2. Consumer and Enterprise Milestones
The company launched its Omni One full-body VR system for Meta Quest, extending its addressable market to over 20 million headsets. Omni One deployments expanded internationally to Europe and Canada, and installations at Rutgers University and Florida Gulf Coast University support research and healthcare applications.
3. Defense Market Momentum
Virtuix secured Phase I AFWERX SBIR funding from the U.S. Air Force to develop its Virtual Terrain Walk platform, with potential Phase II awards exceeding $1 million. Additional agreements include a multi-user virtual infantry training system with the U.S. Marine Corps via KBR and a Cooperative Research and Development Agreement with the U.S. Navy.
4. Operational Efficiency and Capital Position
Operating expenses decreased 19% to $11.4 million, contributing to improved cash reserves of $9.5 million at period end. The company listed on the Nasdaq Global Market in January 2026 and received its 26th U.S. patent allowance for Omni One mechanical innovations.
