VTIX Virtuix Holdings Inc.

Overview and Growth

Fiscal 2026 results for Virtuix Holdings Inc. combined $4.25M of revenue with net loss of $16.80M and an operating cash outflow of $9.50M. The $4.25M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 18.4% from $3.59M in fiscal 2025, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$0.73, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 23.05M; this is the reported share base over which the company’s diluted per-share earnings were spread. The diluted share count was 180.2% higher than fiscal 2025, when diluted shares averaged 8.22M, adding context to the EPS comparison. Total assets stood at $14.76M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.29x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $1.05M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 24.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $10.32M operating loss before non-operating and tax effects. An operating margin of -242.7% reflected costs exceeding revenue-level gross profit by 242.7% of sales. The bottom-line result was a net loss of $16.80M after operating, financing, tax, and other recognized items. Net margin was -395.0%, reflecting a loss equal to 395.0% of reported revenue. The company reported negative EBITDA of $9.69M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Income tax expense totaled $125.26K, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 551.1%. The net loss equaled 113.8% of period-end assets, showing the deficit relative to the asset base. Compared with a $14.65M net loss in fiscal 2025, the current loss increased to $16.80M.

Liquidity and Capital Structure

The company held $14.76M of assets against $11.71M of liabilities and $3.05M of equity, revealing how the asset base was financed. The near-term balance sheet paired $11.94M of current assets with $8.77M of current liabilities at the reporting date. The current ratio was 1.36x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $9.47M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 108.0%, excluding receivables and other current assets. The company carried $8.54M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 2.8x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 57.9%, showing how much of the asset base was matched by borrowing. Equity equaled 20.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 79.4%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 64.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 155.6% from $5.78M in fiscal 2025, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities used $9.50M of cash, resulting in an operating cash outflow for the year. The operating cash outflow widened to $9.50M from $7.89M in fiscal 2025.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Sep 24, 2026.