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Virtuix Holdings Inc. Class A
(NASDAQ:VTIX)
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Rating:47Neutral
Price Target:
$1.00
▼(-17.36% Downside)
Action:Reiterated
Date:10/01/26
VTIX scores low primarily due to weak financial performance—persistent large losses, worsening operating cash burn, and a strained balance sheet with negative equity and rising debt. Technicals also remain soft with price below key longer-term averages and negative MACD. The earnings call adds some support via strong order momentum and improved margins tied to the Meta partnership and defense/enterprise traction, but near-term cash burn and cost pressure limit the overall score.
Positive Factors
Meta-enabled demand expansion
The Meta-certified OmniOne for Quest launch gives Virtuix access to Meta’s large XR ecosystem and a broader consumer base. Rising orders since launch indicate improving distribution and product-market traction that could support durable volume growth if conversion continues.
Negative Factors
Persistent cash burn and losses
Sustained operating cash burn and large losses show that the business is not yet self-funding. Continued negative cash generation can constrain investment in growth, increase dependence on external capital, and leave less flexibility if order conversion or margin expansion takes longer than expected.
Read all positive and negative factors
Positive Factors
Negative Factors
Meta-enabled demand expansion
The Meta-certified OmniOne for Quest launch gives Virtuix access to Meta’s large XR ecosystem and a broader consumer base. Rising orders since launch indicate improving distribution and product-market traction that could support durable volume growth if conversion continues.
Read all positive factors
Virtuix Holdings Inc. Class A (VTIX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.77M
Dividend YieldN/A
Average Volume (3M)465.25K
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue Growth-7.23%
EPS Growth-121.53%
CountryUS
Employees39
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.67
Shares Outstanding29,971,350
10 Day Avg. Volume277,621
30 Day Avg. Volume465,247
Financial Highlights & Ratios
PEG Ratio-3.25
Price to Book (P/B)72.32
Price to Sales (P/S)51.84
P/FCF Ratio-22.96
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$8.00Price Target Upside561.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.7
Revenue Forecast (FY)$4.92M
Virtuix Holdings Inc. Class A Business Overview & Revenue Model
Company Description
Virtuix Holdings, Inc. is a company operating in the technology and entertainment sectors, with a core focus on developing both virtual reality (VR) hardware and software solutions. This enterprise was founded by Jan Goetgeluk on December 20, 2013...
How the Company Makes Money
Virtuix’s revenue model is tied to monetizing its Omni VR locomotion platform and the ecosystem around it. Primary revenue streams include: (1) sales of Omni hardware units and related accessories to customers (e.g., entertainment venues and/or co...
Virtuix Holdings Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 19, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Mar 11, 2027
Earnings Call Sentiment Neutral
The call communicated strong commercial momentum and noteworthy strategic validation — large partnership with Meta, multiple high-profile customer engagements (Tesla, NASA, USMC), substantial order growth (new orders +72% YoY, +150% since Meta launch), and meaningful gross margin improvement (+13 ppt to 30%). However, the company is also absorbing material public-company operating expenses and financing-related non-cash charges that widened quarterly losses, produced a cash drawdown to $7.4M, and resulted in negative shareholders' equity. Near-term execution risks include timing of defense contract revenues and the need to manage cash burn. Overall, the call shows promising operational and market traction but balanced by significant financial and timing challenges.Positive Updates
Strong Order Momentum
New orders for OmniOne systems increased 72% year-over-year and are up approximately 150% (roughly 2.5x) since the late-June launch of OmniOne for Quest in collaboration with Meta.
Negative Updates
Revenue Decline (timing-related)
Net sales declined 26% year-over-year to $767,000 from $1.0M; management attributes the drop to timing and fulfillment of legacy pre-order backlog in the prior-year period rather than demand weakness.
Read all updates
Q1-2027 Updates
Positive
Negative
Strong Order Momentum
New orders for OmniOne systems increased 72% year-over-year and are up approximately 150% (roughly 2.5x) since the late-June launch of OmniOne for Quest in collaboration with Meta.
Read all positive updates
Company Guidance
The company guided that it will push to sustain the strong order momentum it reported—new orders +72% year‑over‑year and ≈+150% since the OmniOne for Quest launch—while converting that demand into revenue growth and improved unit economics: Q1 net sales were $767k (down 26% from $1.0M prior), gross profit rose 29% to $227k and gross margin expanded to 30% from 17% (+13 percentage points), and management said it will build on that margin (targeting higher consumer/unit margins near ~40%) as it scales; operating expenses are stepping up (total OpEx $4.1M, +86%, with G&A $3.1M up $2.1M), driving an operating loss of $3.9M and a net loss of $7.2M (adjusted EBITDA/adjusted loss ≈ -$3.1M vs -$1.9M prior), while balance sheet metrics include $7.4M cash (down from $9.5M), $1.4M inventory, $12.6M total assets, $15.7M total liabilities (notes payable net $10.7M) and stockholders’ equity deficit $3.1M; operational guidance/targets include production capacity up to ~3,000 units/month (~$100M annual revenue run‑rate), OmniOne for Quest priced at $2,595 (Core $2,495), shipping timelines “within days,” bundling with Meta (holiday opportunity), expected Marine Corps delivery to Quantico in Q4 2026, some defense revenue this fiscal year with larger awards more likely in FY2028, M&A targets to add businesses with roughly $10–$15M (pipeline $10–$50M) of revenue, healthcare channel build (Sirica plans ~100 centers vs ~12,000 U.S. ABA centers addressable), and a current cash‑burn/run‑rate on the order of ~$1M/month.Virtuix Holdings Inc. Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 3.99M | 4.25M | 3.59M | 2.41M |
| Gross Profit | 1.10M | 1.05M | -227.38K | 881.37K |
| EBITDA | -14.26M | -12.50M | -13.72M | -12.07M |
| Net Income | -21.66M | -16.80M | -14.65M | -12.40M |
Balance Sheet | ||||
| Total Assets | 12.58M | 14.76M | 5.78M | 4.84M |
| Cash, Cash Equivalents and Short-Term Investments | 7.44M | 1.07M | 477.91K | 270.03K |
| Total Debt | 11.42M | 9.32M | 3.45M | 941.43K |
| Total Liabilities | 15.66M | 11.71M | 6.57M | 3.44M |
| Stockholders Equity | -3.08M | 3.05M | -794.03K | 1.40M |
Cash Flow | ||||
| Free Cash Flow | -11.39M | -9.60M | -8.36M | -7.84M |
| Operating Cash Flow | -11.29M | -9.50M | -7.89M | -6.73M |
| Investing Cash Flow | -104.80K | -97.05K | -467.19K | -1.11M |
| Financing Cash Flow | 18.25M | 18.59M | 8.57M | 5.84M |
Virtuix Holdings Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $343.08B | 30.78 | -574.57% | 0.43% | 48.86% | 152.40% | |
69 Neutral | $27.71B | 11.80 | -727.30% | 3.84% | 8.67% | -4.70% | |
68 Neutral | $26.95B | 11.25 | 25.08% | ― | 77.79% | 104.60% | |
66 Neutral | $1.46B | 43.05 | 5.52% | ― | 3.11% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | $40.77M | -1.85 | 2178.39% | ― | -7.23% | -121.53% | |
47 Neutral | $23.24M | -0.47 | -48.61% | ― | -17.36% | -469.66% |
* General Sector Average
VTIX
Virtuix Holdings Inc. Class A
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-23.16
-94.96%
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Virtuix Holdings Inc. Class A Corporate Events
Executive/Board ChangesShareholder Meetings
Virtuix Grants Supplemental RSUs to Chief Financial Officer
Positive
Sep 30, 2026
On September 29, 2026, Virtuix Holdings Inc.’s board approved a supplemental grant of 100,000 restricted stock units to Chief Financial Officer Thomas McGinnis as a one-time award recognizing his exemplary service. The RSUs vest over four ye...
Business Operations and StrategyFinancial Disclosures
Virtuix Highlights Strong Omni One Order Growth
Positive
Aug 20, 2026
On August 19, 2026, Virtuix reported results for its first quarter of fiscal 2027 ended June 30, 2026, highlighting a 72% year-over-year increase in new Omni One orders and about 150% growth since the Meta-enabled Omni One for Quest launch, even a...
Executive/Board ChangesShareholder Meetings
Virtuix Announces Planned Board Change Ahead of Meeting
Neutral
Jul 31, 2026
Virtuix Holdings Inc. disclosed that director Parth Jani has informed the company he will not stand for re-election at the 2026 Annual Meeting of Stockholders and will serve out his current term until that meeting on July 27, 2026. The company emp...
Private Placements and FinancingRegulatory Filings and Compliance
Virtuix Holdings Sets Temporary Reduced Warrant Exercise Price
Neutral
Jul 21, 2026
On July 21, 2026, Virtuix Holdings Inc. amended multiple existing warrants held by Streeterville Capital, LLC that relate to prior equity and debt financings from 2025. These warrants, which previously had a reduced exercise price of $3.00 per sha...
Business Operations and StrategyM&A Transactions
Virtuix Omni One Deployed for Air National Guard Training
Positive
Jul 2, 2026
On July 1, 2026, Virtuix announced that a Pennsylvania Air National Guard unit in Horsham purchased and deployed the company’s Omni One platform for immersive, AI-driven military training. The system will be used to experiment with movement-...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.