---
title: "Virtra | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 3.474 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285990409.md"
datetime: "2026-05-11T20:18:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285990409.md)
  - [en](https://longbridge.com/en/news/285990409.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285990409.md)
---

# Virtra | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 3.474 M

Revenue: As of FY2026 Q1, the actual value is USD 3.474 M, beating the estimate of USD 2.732 M.

EPS: As of FY2026 Q1, the actual value is USD -0.12.

EBIT: As of FY2026 Q1, the actual value is USD -1.35 M.

### Financial Highlights (Three Months Ended March 31, 2026 vs. March 31, 2025)

-   #### Total Revenue
    
    Total revenue for VirTra, Inc. was $3.5 million in Q1 2026, marking a -51% decrease from $7.2 million in Q1 2025. This decrease was attributed to Q3 and Q4 booking customers being unable to accept delivery in Q1 2026.
    
-   #### Gross Profit
    
    Gross profit was $2.1 million in Q1 2026, a -59% decrease from $5.2 million in Q1 2025.
    
-   #### Gross Margin
    
    The gross margin was 61% in Q1 2026, down from 73% in Q1 2025, partly due to Subscription Training Equipment Partnership (STEP) revenue representing a larger percentage of total revenue.
    
-   #### Net Operating Expense
    
    Net operating expense was $3.5 million in Q1 2026, compared to $3.8 million in Q1 2025, reflecting disciplined cost management.
    
-   #### Loss from Operations
    
    VirTra, Inc. reported a loss from operations of -$1.3 million in Q1 2026, compared to income from operations of $1.4 million in Q1 2025.
    
-   #### Net Income (Loss)
    
    The net income (loss) was -$1.3 million in Q1 2026, compared to a net income of $1.3 million in Q1 2025.
    
-   #### Diluted EPS
    
    Diluted EPS was -$0.12 per diluted share in Q1 2026, compared to $0.11 per diluted share in Q1 2025.
    
-   #### Adjusted EBITDA
    
    Adjusted EBITDA was -$0.9 million in Q1 2026, compared to $1.7 million in Q1 2025.
    

### Operational Highlights (Q1 2026)

-   #### Bookings and Backlog
    
    Bookings totaled $3.8 million, and the total backlog stood at $25.2 million as of March 31, 2026.
    
-   #### Product Development and Customer Engagement
    
    VirTra, Inc. demonstrated its next-generation Drone Defense Training System for corrections professionals and advanced engagement across law enforcement, corrections, federal, and international markets. The company also expanded engagement with U.S. military branches, including demonstrations with Army and Marine Corps groups.
    
-   #### Technology Integration
    
    APEX Data Reporting and Analytics Integration positively impacted customers, leading to successful demonstrations for U.S. military groups and a recent international contract win.
    

### Cash Flow (Three Months Ended March 31, 2026 vs. March 31, 2025)

-   #### Net Cash Provided by (Used in) Operating Activities
    
    Net cash provided by (used in) operating activities was -$580,391 in Q1 2026, compared to $65,691 provided in Q1 2025.
    
-   #### Net Cash Provided by (Used in) Investing Activities
    
    Net cash provided by (used in) investing activities was -$96,875 in Q1 2026, compared to -$428,371 in Q1 2025.
    
-   #### Net Cash (Used in) Financing Activities
    
    Net cash (used in) financing activities was -$67,154 in Q1 2026, compared to -$65,521 in Q1 2025.
    
-   #### Net Decrease in Cash
    
    The net decrease in cash was -$744,420 in Q1 2026, compared to -$428,201 in Q1 2025.
    

### Outlook / Guidance

VirTra, Inc. anticipates improved sales momentum in the second half of 2026 as funding programs reopen and customer procurement processes advance. The company has observed a doubling of qualified leads over the past three months due to a more targeted commercial strategy. Management believes VirTra, Inc. is well-positioned as funding and procurement conditions continue to normalize, addressing evolving training needs such as drone defense and de-escalation.

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