Virtuix Holdings Inc. Class A Common Stock

Net sales for fiscal Q1 2027 were $767,000, down 26% from $1 million in the prior-year period. Gross profit was $227,000, up 29% from $176,000, and gross margin improved to 30% from 17%, roughly a 13-point increase. Net loss per basic and diluted share was $0.22 versus $0.28 last year, and adjusted EBITDA was negative $3.1 million versus negative $1.9 million. Cash and cash equivalents were $7.4 million at quarter-end, down from $9.5 million at March 31, 2026. For outlook, management expects current-quarter momentum from Meta to continue, plans to deliver the Marine Corps infantry fire team trainer to Quantico in the fourth calendar quarter of 2026, and said larger defense contracts are more likely in fiscal 2028 than this fiscal year.

Jan Goetgeluk framed the quarter as a validation moment, saying Virtuix is moving beyond consumer gaming into a multi-use platform across consumer, defense, enterprise, and healthcare. He emphasized the Meta collaboration as the biggest near-term consumer catalyst, calling it a materially expanded addressable market with more than 20 million Quest headsets and about 6 million active users. His tone was upbeat and strategic, but he also stressed focus and said consumer and defense remain the core priorities while enterprise and healthcare are still emerging.

Thomas McGinnis led with the hard numbers: $767,000 in net sales, $227,000 in gross profit, 30% gross margin, $4.1 million of operating expenses, a $3.9 million operating loss, $7.2 million net loss, and $7.4 million of cash at quarter-end. He said gross margin improved because of higher selling prices on the complete OmniOne system, while operating expenses rose mainly because the company is now carrying public-company costs, including $1.2 million of professional services, $0.2 million of insurance, and $0.7 million of non-cash stock compensation within G&A. He also noted roughly $4 million of the net loss was non-cash items tied to financing and that cash used in operations was $3.3 million, which he characterized as about a $1 million monthly burn rate.

Analysts focused on how much of the Meta-driven order surge will convert into revenue, and management said units ship within days, but the late-June launch means only a small fraction hit the prior quarter. On production, Jan said capacity is established and can support up to about 3,000 units per month, or roughly $100 million in annual revenue, and that they are “firing on all cylinders.” Questions also probed defense timing, where management said some revenue should occur this fiscal year from current projects, but bigger awards and broader rollouts are more likely next fiscal year or fiscal 2028. On pricing and margins, Jan said OmniOne for Quest is priced at $2,595, OmniOne Core at $2,495, and the higher-margin mix plus higher selling prices drove margin improvement toward the 40% unit-level target.