Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.7M | $16.5M | $18.1M | $18.7M | $19.1M | $24.4M | $28.3M | $38.3M | $26.4M | $22.4M |
| Revenue growth | — | 5.6% | 9.4% | 3.5% | 2.0% | 28.0% | 15.8% | 35.3% | -31.2% | -15.0% |
| Gross profit | $9.68M | $10.2M | $11.0M | $9.71M | $11.9M | $11.4M | $16.3M | $26.9M | $19.4M | $15.2M |
| Gross margin | 61.9% | 61.9% | 61.1% | 51.9% | 62.3% | 46.7% | 57.4% | 70.3% | 73.7% | 67.9% |
| Operating income | $2.13M | $1.31M | $1000K | $262K | $1.23M | $1.45M | $2.59M | $9.89M | $2.00M | $437K |
| Operating margin | 13.6% | 7.9% | 5.5% | 1.4% | 6.4% | 6.0% | 9.2% | 25.8% | 7.6% | 2.0% |
| Net income | $2.05M | $3.26M | $818K | -$75.3K | $1.48M | $2.54M | $1.96M | $8.65M | $1.36M | $258K |
| Net margin | 13.1% | 19.7% | 4.5% | -0.4% | 7.7% | 10.4% | 6.9% | 22.6% | 5.2% | 1.2% |
| EPS (diluted) | $0.24 | $0.39 | $0.10 | -$0.01 | $0.19 | $0.25 | $0.18 | $0.85 | $0.12 | $0.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.75M | $2.65M | $1.83M | -$1.91M | $2.25M | -$126K | -$2.69M | $6.68M | $1.26M | $4.59M |
| Capital expenditures | $310K | $134K | $293K | $171K | — | $3.45M | $3.22M | $1.13M | $1.85M | $1.52M |
| Free cash flow | $1.45M | $2.52M | $1.54M | -$2.09M | — | -$3.57M | -$5.91M | $5.55M | -$588K | $3.07M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.70M | $5.08M | $2.50M | $1.42M | $6.84M | $19.7M | $13.5M | $18.8M | $18.0M | $18.6M |
| Total assets | $9.91M | $14.8M | $15.2M | $17.5M | $22.8M | $49.6M | $53.8M | $70.4M | $65.0M | $65.1M |
| Total liabilities | $3.50M | $4.46M | $4.62M | $7.28M | $11.1M | $18.3M | $20.1M | $27.0M | $19.8M | $19.5M |
| Long-term debt | — | — | — | — | — | — | — | $129K | $7.80M | $7.54M |
| Shareholders' equity | $6.41M | $10.4M | $10.6M | $10.2M | $11.7M | $31.2M | $33.7M | $42.9M | $43.5M | $46.5M |
| Retained earnings | -$7.72M | -$4.46M | -$3.64M | -$3.71M | -$2.24M | $304K | $2.26M | $11.4M | $12.3M | $12.5M |
| Shares (wtd avg diluted) | 8.47M | 8.40M | 8.25M | 7.75M | 7.84M | 10.1M | 10.9M | 11.0M | 11.2M | 11.3M |
Every figure is extracted from VirTra, Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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