NASDAQ : VTSI
VirTra, Inc. — Financial statements
Technology · Software - Application · United States
Last price 2.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 30.34M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
VirTra, Inc. (VTSI) reported revenue of 17.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.50M | 22.40M | 26.35M | 38.79M | 28.30M | 24.43M |
| Cost of Revenue | 6.76M | 7.20M | 6.94M | 11.38M | 12.05M | 13.03M |
| Gross Profit | 10.74M | 15.20M | 19.41M | 27.41M | 16.25M | 11.41M |
| Selling, General & Admin | 12.00M | 12.38M | 14.41M | 14.24M | 11.05M | 8.09M |
| Research & Development | 2.10M | 2.38M | 3.00M | 2.79M | 2.61M | 1.87M |
| Operating Expenses | 14.10M | 14.77M | 17.42M | 17.03M | 13.66M | 9.95M |
| Operating Income | -3.36M | 437.50K | 2.00M | 10.38M | 2.59M | 1.45M |
| Other Non Operating Income (Expenses) | 527.54K | -290.31K | 254.64K | 586.08K | -66.17K | 11.39K |
| EBT Excluding Unusual Items | -2.83M | 147.19K | 2.25M | 10.97M | 2.53M | 1.47M |
| Other Unusual Items | 1.32M | |||||
| Pretax Income | -2.83M | 147.19K | 2.25M | 10.97M | 2.53M | 2.79M |
| Income Tax Expense | -61.82K | -111.26K | 887.29K | 1.82M | 571.64K | 246.05K |
| Net Income | -2.77M | 258.45K | 1.36M | 9.15M | 1.96M | 2.54M |
| Net Income to Common | -2.77M | 258.45K | 1.36M | 9.15M | 1.96M | 2.54M |
| Shares Outstanding (Basic) | 11.29M | 11.27M | 11.16M | 10.96M | 10.86M | 10.01M |
| Shares Outstanding (Diluted) | 11.29M | 11.27M | 11.16M | 10.96M | 10.87M | 10.06M |
| EPS (Basic) | -0.25 | 0.02 | 0.12 | 0.84 | 0.18 | 0.25 |
| EPS (Diluted) | -0.25 | 0.02 | 0.12 | 0.84 | 0.18 | 0.25 |
| Free Cash Flow | -5.71M | 3.07M | -588.31K | 5.55M | -5.91M | -3.57M |
| Free Cash Flow Per Share | -0.51 | 0.27 | -0.05 | 0.51 | -0.54 | -0.35 |
| Gross Margin | 61.39% | 67.86% | 73.67% | 70.67% | 57.43% | 46.68% |
| Operating Margin | -19.20% | 1.95% | 7.58% | 26.77% | 9.16% | 5.95% |
| Profit Margin | -15.83% | 1.15% | 5.17% | 23.59% | 6.91% | 10.40% |
| Free Cash Flow Margin | -32.64% | 13.72% | -2.23% | 14.32% | -20.90% | -14.63% |
| EBITDA | -1.44M | 2.20M | 3.13M | 11.31M | 3.48M | 2.04M |
| EBITDA Margin | -8.21% | 9.82% | 11.89% | 29.16% | 12.30% | 8.36% |
| D&A For EBITDA | 1.92M | 1.76M | 1.14M | 928.54K | 887.12K | 589.06K |
| EBIT | -3.36M | 437.50K | 2.00M | 10.38M | 2.59M | 1.45M |
| EBIT Margin | -19.20% | 1.95% | 7.58% | 26.77% | 9.16% | 5.95% |
| Effective Tax Rate | 39.42% | 16.58% | 22.62% | 8.83% | ||
| Revenue as Reported | 17.50M | 22.40M | 26.35M | 38.79M | 28.30M | 24.43M |
| Advertising Expenses | 156.16K | 239.28K | 156.01K | 710.01K | 422.83K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.31M | 18.59M | 18.04M | 18.85M | 13.48M | 19.71M |
| Cash & Short-Term Investments | 14.31M | 18.59M | 18.04M | 18.85M | 13.48M | 19.71M |
| Accounts Receivable | 7.64M | 6.37M | 10.08M | 17.58M | 10.49M | 7.84M |
| Receivables | 7.64M | 6.37M | 10.08M | 17.58M | 10.49M | 7.84M |
| Inventory | 14.19M | 13.06M | 14.58M | 12.40M | 9.59M | 5.01M |
| Prepaid Expenses | 1.67M | 2.62M | 1.27M | 906.80K | 531.05K | 940.89K |
| Other Current Assets | 374.38K | 374.38K | ||||
| Total Current Assets | 38.19M | 41.02M | 43.98M | 49.74M | 34.10M | 33.51M |
| Property, Plant & Equipment | 20.70M | 16.54M | 16.64M | 16.20M | 16.48M | 13.65M |
| Other Intangible Assets | 2.53M | 2.51M | 558.65K | 567.54K | 587.78K | 535.08K |
| Long-Term Deferred Tax Assets | 4.01M | 4.14M | 3.60M | 3.63M | 2.24M | 1.67M |
| Long-Term Deferred Charges | 301.51K | 488.69K | ||||
| Other Long-Term Assets | 452.70K | 440.20K | 183.87K | 237.36K | 412.15K | 209.45K |
| Total Assets | 66.18M | 65.14M | 64.95M | 70.38M | 53.81M | 49.58M |
| Accounts Payable | 612.98K | 784.07K | 957.38K | 2.28M | 1.25M | 789.39K |
| Accrued Expenses | 659.09K | 461.43K | 1.25M | 2.22M | 1.49M | 1.06M |
| Current Portion of Long-Term Debt | 312.52K | 227.75K | 230.79K | 226.35K | 232.54K | 236.29K |
| Current Portion of Leases | 196.31K | 192.41K | 317.84K | 557.68K | 347.77K | |
| Current Income Taxes Payable | 988.97K | 788.12K | 3.41M | 1.29M | 113.92K | |
| Current Unearned Revenue | 6.93M | 7.36M | 6.36M | 6.74M | 4.30M | 4.14M |
| Other Current Liabilities | 312.09K | 408.45K | 657.11K | 558.89K | 623.81K | 877.82K |
| Total Current Liabilities | 9.82M | 10.23M | 9.65M | 15.75M | 9.76M | 7.56M |
| Long-Term Debt | 11.11M | 7.31M | 7.57M | 7.81M | 8.05M | 8.28M |
| Long-Term Leases | 89.05K | 265.11K | 432.18K | 720.02K | 505.38K | |
| Long-Term Unearned Revenue | 1.16M | 1.91M | 2.28M | 3.01M | 1.61M | 1.99M |
| Other Long-Term Liabilities | 5.44K | |||||
| Total Liabilities | 22.08M | 19.54M | 19.76M | 27.01M | 20.13M | 18.35M |
| Common Stock | 1.14K | 1.13K | 1.12K | 1.11K | 1.09K | 1.08K |
| Additional Paid-In Capital | 33.15M | 33.06M | 32.92M | 31.96M | 31.42M | 30.92M |
| Retained Earnings | 10.95M | 12.53M | 12.28M | 11.41M | 2.26M | 304.24K |
| Shareholders' Equity | 44.10M | 45.59M | 45.19M | 43.37M | 33.68M | 31.23M |
| Total Liabilities & Equity | 66.18M | 65.14M | 64.95M | 70.38M | 53.81M | 49.58M |
| Total Debt | 11.42M | 7.83M | 8.26M | 8.79M | 9.56M | 9.37M |
| Net Cash (Debt) | 2.89M | 10.77M | 9.78M | 10.06M | 3.92M | 10.34M |
| Net Cash Per Share | 0.26 | 0.96 | 0.88 | 0.92 | 0.36 | 1.03 |
| Filing Date Shares Outstanding | 11.32M | 11.30M | 11.26M | 11.11M | 10.92M | 10.88M |
| Total Common Shares Outstanding | 11.32M | 11.30M | 11.26M | 11.11M | 10.92M | 10.81M |
| Working Capital | 28.37M | 30.79M | 34.33M | 33.99M | 24.34M | 25.94M |
| Book Value Per Share | 3.90 | 4.03 | 4.02 | 3.90 | 3.08 | 2.89 |
| Tangible Book Value | 41.57M | 43.08M | 44.63M | 42.80M | 33.09M | 30.69M |
| Tangible Book Value Per Share | 3.67 | 3.81 | 3.97 | 3.85 | 3.03 | 2.84 |
| Land | 2.38M | 1.78M | 1.78M | 1.78M | 1.78M | 1.78M |
| Buildings | 15.76M | 11.60M | 11.52M | 9.15M | 9.13M | 9.01M |
| Machinery | 9.42M | 9.09M | 8.58M | 6.64M | 6.24M | 4.90M |
| Construction In Progress | 204.37K | 204.37K | 2.46M | 1.75M | 7.00K | |
| Leasehold Improvements | 340.70K | 336.76K | 358.58K | 347.38K | 334.93K | |
| Order Backlog | 25.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.77M | 258.45K | 1.36M | 9.15M | 1.96M | 2.54M |
| Depreciation & Amortization | 2.08M | 1.93M | 1.42M | 1.42M | 1.30M | 899.28K |
| Stock-Based Compensation | 26.70K | 140.98K | 937.20K | 482.49K | 456.17K | 223.72K |
| Provision & Write-off of Bad Debts | -18.17K | -166.64K | 308.66K | |||
| Other Operating Activities | 2.71K | -1.11M | ||||
| Change in Accounts Receivable | -87.34K | 3.71M | 7.17M | -7.40M | -2.65M | -1.06M |
| Change in Inventory | -1.39M | 1.52M | -2.18M | -2.81M | -4.58M | -1.50M |
| Change in Accounts Payable | -24.03K | -429.00K | -5.61M | 3.81M | 1.81M | 881.66K |
| Change in Unearned Revenue | -1.30M | 636.82K | -1.11M | 3.84M | -219.73K | -500.73K |
| Change in Other Net Operating Assets | -198.61K | -2.64M | -605.32K | -728.65K | -209.16K | -503.00K |
| Operating Cash Flow | -4.18M | 4.59M | 1.26M | 6.68M | -2.69M | -125.74K |
| Capital Expenditures | -1.53M | -1.52M | -1.85M | -1.13M | -3.22M | -3.45M |
| Sale (Purchase) of Intangibles | -429.85K | -2.27M | -120.02K | -287.11K | ||
| Investing Cash Flow | -1.96M | -3.78M | -1.85M | -1.13M | -3.34M | -3.74M |
| Long-Term Debt Repaid | -253.45K | -240.86K | -243.08K | -231.26K | -78.21K | |
| Net Debt Issued (Repaid) | -246.61K | -253.45K | -240.86K | -243.08K | -231.26K | -78.21K |
| Issuance of Common Stock | 20.15K | 54.90K | 40.84K | 16.81M | ||
| Financing Cash Flow | -246.61K | -253.45K | -220.71K | -188.18K | -190.42K | 16.73M |
| Net Cash Flow | -6.39M | 553.77K | -809.01K | 5.37M | -6.22M | 12.87M |
| Free Cash Flow | -5.71M | 3.07M | -588.31K | 5.55M | -5.91M | -3.57M |
| Free Cash Flow Margin | -32.64% | 13.72% | -2.23% | 14.32% | -20.90% | -14.63% |
| Free Cash Flow Per Share | -0.51 | 0.27 | -0.05 | 0.51 | -0.54 | -0.35 |
| Levered Free Cash Flow | -2.48M | 2.65M | 727.67K | 3.23M | -4.79M | -4.51M |
| Unlevered Free Cash Flow | -2.48M | 2.65M | 727.67K | 3.23M | -4.79M | -4.51M |
| Cash Interest Paid | 252.81K | 234.27K | 241.84K | 248.65K | 128.51K | 85.70K |
| Cash Income Tax Paid | 224.70K | 5.51M | 108.78K | 99.03K | ||
| Change in Working Capital | -3.50M | 2.26M | -2.29M | -4.68M | -6.40M | -2.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 30.00M | 47.46M | 75.95M | 105.07M | 51.00M | 75.65M |
| Enterprise Value | 27.10M | 34.63M | 64.64M | 96.83M | 45.07M | 63.61M |
| Last Close Price | 2.61 | 4.20 | 6.75 | 9.47 | 4.68 | 7.00 |
| PE Ratio | 183.65 | 55.69 | 11.48 | 26.08 | 29.78 | |
| Forward PE | 70.00 | 15.34 | 16.05 | 48.40 | 23.59 | |
| PS Ratio | 1.69 | 2.12 | 2.88 | 2.71 | 1.80 | 3.10 |
| PB Ratio | 0.67 | 1.04 | 1.68 | 2.42 | 1.51 | 2.42 |
| P/TBV Ratio | 0.71 | 1.10 | 1.70 | 2.46 | 1.54 | 2.46 |
| P/FCF Ratio | 15.45 | 18.92 | ||||
| P/OCF Ratio | 10.35 | 60.41 | 15.72 | |||
| PEG Ratio | 2.07 | 2.07 | 0.54 | 1.39 | 0.59 | |
| EV/Sales Ratio | 1.52 | 1.55 | 2.45 | 2.50 | 1.59 | 2.60 |
| EV/EBITDA Ratio | 15.74 | 20.63 | 8.56 | 12.95 | 31.13 | |
| EV/EBIT Ratio | 79.16 | 32.38 | 9.32 | 17.38 | 43.75 | |
| EV/FCF Ratio | 11.27 | 17.43 | ||||
| Debt / Equity Ratio | 0.26 | 0.17 | 0.18 | 0.20 | 0.28 | 0.30 |
| Debt / EBITDA Ratio | 3.27 | 2.27 | 0.74 | 2.49 | 3.90 | |
| Debt / FCF Ratio | 2.55 | 1.58 | ||||
| Net Debt / Equity Ratio | -0.07 | -0.24 | -0.22 | -0.23 | -0.12 | -0.33 |
| Net Debt / EBITDA Ratio | 2.01 | -4.89 | -3.12 | -0.89 | -1.13 | -5.06 |
| Net Debt / FCF Ratio | 0.51 | -3.50 | 16.63 | -1.81 | 0.66 | 2.89 |
| Asset Turnover | 0.26 | 0.34 | 0.39 | 0.62 | 0.55 | 0.68 |
| Inventory Turnover | 0.50 | 0.52 | 0.51 | 1.03 | 1.65 | 3.05 |
| Quick Ratio | 2.24 | 2.44 | 2.92 | 2.31 | 2.46 | 3.64 |
| Current Ratio | 3.89 | 4.01 | 4.56 | 3.16 | 3.50 | 4.43 |
| Return on Equity (ROE) | -6.06% | 0.57% | 3.08% | 23.75% | 6.03% | 11.85% |
| Return on Assets (ROA) | -3.15% | 0.42% | 1.84% | 10.45% | 3.14% | 2.51% |
| Return on Invested Capital (ROIC) | -8.92% | 1.25% | 3.52% | 27.47% | 7.93% | 9.40% |
| Return on Capital Employed (ROCE) | -6.00% | 0.80% | 3.60% | 19.00% | 5.90% | 3.50% |
| Earnings Yield | -9.43% | 0.55% | 1.80% | 8.71% | 3.84% | 3.36% |
| FCF Yield | -19.33% | 6.47% | -0.78% | 5.29% | -11.60% | -4.72% |
| Buyback Yield / Dilution | 0.49% | -0.98% | -1.82% | -0.83% | -8.08% | -28.39% |