VirTra, Inc

Listed Company

VTSICIK 0001085243NasdaqNon-AcceleratedSmaller ReportingMiscellaneous Manufacturing IndustriesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$22.40M

Net Income

$258.4K

Total Assets

$65.14M

Equity

$45.59M

Shares Out

11.30M

Op. Cash Flow

$4.59M

Business

VirTra, Inc. is a global provider of judgmental use-of-force and firearms training simulators and virtual reality-based training systems for law enforcement, military and commercial customers. It offers multi- and single-screen simulators (V-300, V-180, V-100), headset-based V-XR, simulated recoil kits, the patented Threat-Fire return-fire device, V-Author software, V-VICTA coursework and STEP subscription program. Its operations include product development, manufacturing, software and content creation, training services and intellectual property management. VirTra sells through direct U.S. sales, vetted international distributors and government contracts across domestic and foreign markets.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	22	26	38	28	24
Cost of sales	7	7	11	12	13
Gross profit	15	19	27	16	11
General and administrative	12	14	14	11	8
Research and development	2	3	3	3	2
Net operating expense	15	17	17	14	10
Income (loss) from operations	437,495	2	10	3	1
Other income	341,013	829,618	888,464	194,523	97,100
Other (expense)	−631,320	−574,982	−302,382	−260,688	−85,712
Net income (expense)	−290,307	254,636	586,082	−66,165	1
Income before provision for income taxes	147,188	2	10	3	3
Provision (Benefit) for income taxes	−111,258	887,286	2	571,642	246,050
Net income	258,446	1	9	2	3
Basic (per share)	0.02	0.12	0.85	0.18	0.25
Diluted (per share)	0.02	0.12	0.85	0.18	0.25
Basic (shares)	11	11	11	11	10
Diluted (shares)	11	11	11	11	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31
Cash and cash equivalents	19	—	—	—	18
Accounts receivable, net	6	—	—	—	8
Inventory, net	13	—	—	—	15
Unbilled revenue	868,216	—	—	—	3
Prepaid expenses and other current assets	3	—	—	—	1
Deferred contract costs short-term	374,375	—	—	—	—
Total current assets	41	—	—	—	44
Property and equipment, net	16	—	—	—	16
Operating lease right-of-use asset, net	268,873	—	—	—	437,095
Intangible assets, net	3	—	—	—	558,651
Security deposits, long-term	15,979	—	—	—	35,691
Other assets, long-term	424,226	—	—	—	148,177
Deferred tax asset, net	4	—	—	—	4
Deferred contract costs long-term	488,695	—	—	—	—
Total long-term assets	24	—	—	—	21
Total assets	65	—	—	—	65
Accounts payable	784,074	—	—	—	957,384
Accrued compensation and related costs	461,430	—	—	—	1
Accrued expenses and other current liabilities	1	—	—	—	657,114
Note payable, current	227,754	—	—	—	230,787
Operating lease liability, short-term	196,311	—	—	—	192,410
Deferred revenue, short-term	7	—	—	—	6
Total current liabilities	10	—	—	—	10
Deferred revenue, long-term	2	—	—	—	2
Note payable, long-term	7	—	—	—	8
Operating lease liability, long-term	89,053	—	—	—	265,111
Total long-term liabilities	9	—	—	—	10
Total liabilities	20	—	—	—	20
Commitments and contingencies (See Note 10)	—	—	—	—	—
Preferred stock $0.0001 par value; 2,500,000 shares authorized; no shares issued or outstanding	—	—	—	—	—
Common stock value	1,130	—	—	—	1,125
Additional paid-in capital	33	—	—	—	33
Retained Earnings	13	—	—	—	12
Total stockholders equity	46	46	47	46	45
Total liabilities and stockholders equity	65	—	—	—	65

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	1	928,545	887,118	589,059
Right of use amortization	168,222	279,592	496,127	412,335	310,221
Employee stock compensation	140,983	777,093	75,037	456,167	223,716
Bad debt expense	—	−166,640	308,657	—	—
Stock issued for service	—	160,104	—	—	—
Accounts receivable, net	2	9	−14	893,852	−3
Inventory, net	2	−2	−3	−5	−1
Deferred taxes	−539,889	34,580	−1	−564,528	217,766
Deferred Contract Costs	−863,070	—	—	—	—
Unbilled revenue	2	−1	—	—	—
Prepaid expenses and other current assets	−1	−366,313	−375,753	409,836	−558,442
Other assets	−256,335	53,493	174,791	−186,727	310,380
Accounts payable and other accrued expenses	−429,004	−6	4	2	881,662
Operating lease right of use	−172,156	−292,495	−527,690	−416,292	—
Deferred revenue	636,819	−1	4	−219,729	−500,731
Net cash provided by operating activities	5	1	7	−3	−125,743
Internal intangible assets	−2	—	—	−120,016	−287,106
Purchase of property and equipment	−2	−2	−1	−3	−3
Net cash used in investing activities	−4	−2	−1	−3	−4
Principal payments of debt	−253,452	−240,862	−243,084	−231,264	−78,212
Stock issued for options exercised	—	20,153	—	40,845	11,320
Net cash used in financing activities	−253,452	−220,709	−188,184	−190,419	17
Net increase in cash	553,771	−809,015	5	−6	13
Income taxes paid	224,698	6	—	108,777	99,035
Interest paid	234,268	241,838	248,653	128,507	85,703

Filings

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