Virtuix reported third quarter fiscal 2026 revenue of $1.0 million, a decrease of 24% year-over-year, alongside a net loss per share of ($0.09). For the nine months ended December 31, 2025, revenue grew 41% to $3.0 million. The company attributed the quarterly revenue decline to a difficult comparison against a prior-year period which included the fulfillment of a large product preorder backlog.
Key Highlights
- Third quarter gross margin significantly improved to 30% from (2%) in the prior-year period, driven by higher selling prices and lower per-unit overhead costs.
- New orders for Omni One systems increased 60% in December 2025 compared to December 2024, indicating strong holiday season demand.
- For the first nine months of fiscal 2026, total operating expenses decreased by 45% to $6.3 million, demonstrating improved cost discipline.
- The company joined Meta's "Made for Meta" partnership program to integrate with the Quest ecosystem and launched sales in major European markets.