VTSI on Nasdaq

VirTra, Inc

VirTra, Inc is an American miscellaneous manufacturing industries company based in Las Vegas.2 Its shares trade on Nasdaq under the symbol VTSI.2

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Last updated Oct 21, 2026.

Overview

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  • TickerVTSI on Nasdaq2
  • IndustryMiscellaneous Manufacturing Industries2
  • HeadquartersLas Vegas, United States2
  • Incorporated inNV3
  • Business address295 E Corporate Place, Chandler, Az 852253
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formProfit Corporation2
  • LEI549300BGHL1PW2M7IZ132
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O The Corporation Trust Company Of Nevada, 89701 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), E0417622016-92

Inc. In September 2001, Ferris Productions, Inc. merged with GameCom, Inc. to ultimately become VirTra Systems, Inc., a Texas corporation.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

67.9%Gross margin5
2.0%Operating margin5
1.2%Net margin5
-15.0%Revenue growth, 20255
0.6%Return on equity5
0.17×Debt to equity5
$3.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Simulators and Accessories brought in 54% of the revenue VirTra, Inc broke down this way in fiscal 2025.

  1. Simulators and Accessories$12.0M554%down 14% from 2024
  2. Subscription Training Equipment Partnership$4.2M519%up 10% from 2024
  3. Extended Service type Warranties$3.8M517%down 8% from 2024
  4. Design & Prototyping$1.3M56%down 54% from 2024
  5. Installation and Training$875.9K54%down 5% from 2024
  6. Customized Software and Content$184.0K51%down 74% from 2024
Products and services by year
Products and services202320242025
Simulators and Accessories$13.9M$12.0M
Subscription Training Equipment Partnership$3.8M$4.2M
Extended Service type Warranties$4.2M$3.8M
Design & Prototyping$2.8M$1.3M
Installation and Training$923.9K$875.9K
Customized Software and Content$708.4K$184.0K

Regions

Government brought in 79% of the revenue VirTra, Inc broke down this way in fiscal 2025.

  1. Government$17.8M579%down 22% from 2024
  2. Geographic Distribution, Foreign$4.2M519%up 36% from 2024
  3. Commercial$381.8K52%up 2% from 2024
Regions by year
Regions20242025
Government$22.9M$17.8M
Geographic Distribution, Foreign$3.1M$4.2M
Commercial$376.1K$381.8K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢$7.2M
  • Research and development11¢$2.4M
  • Other costs56¢$12.4M
  • Income tax0¢$111.3K
  • Profit1¢$258.4K

Out of $22.4M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$1.5M
  • Kept or used elsewhere67¢$3.1M

Out of $4.6M of cash from operations.5

Financial statements

Revenue67895$22.4M in 2025+20% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $18.7M$18.7M20192020: $19.1M$19.1M2020+2%2021: $24.4M$24.4M2021+28%2022: $28.3M$28.3M2022+16%2023: $38.3M$38.3M2023+35%2024: $26.4M$26.4M2024−31%2025: $22.4M$22.4M2025−15%
Gross profit67895$15.2M in 2025+57% since 2019
0$10.0M$20.0M$30.0M2019: $9.7M$9.7M20192020: $11.9M$11.9M2020+23%2021: $11.4M$11.4M2021−4%2022: $16.3M$16.3M2022+43%2023: $26.9M$26.9M2023+66%2024: $19.4M$19.4M2024−28%2025: $15.2M$15.2M2025−22%
Operating income67895$437.5K in 2025+67% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $262.3K$262.3K20192020: $1.2M$1.2M2020+367%2021: $1.5M$1.5M2021+19%2022: $2.6M$2.6M2022+78%2023: $9.9M$9.9M2023+281%2024: $2.0M$2.0M2024−80%2025: $437.5K$437.5K2025−78%
Net income67895$258.4K in 2025
-$2.5M0$2.5M$5.0M$7.5M$10.0M2019: -$75.3K-$75.3K20192020: $1.5M$1.5M20202021: $2.5M$2.5M2021+72%2022: $2.0M$2.0M2022−23%2023: $8.7M$8.7M2023+342%2024: $1.4M$1.4M2024−84%2025: $258.4K$258.4K2025−81%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$22.4M$26.4M$38.3M
Cost of sales$7.2M$6.9M$11.4M
Gross profit$15.2M$19.4M$26.9M
General and administrative$12.4M$14.4M$14.2M
Research and development$2.4M$3.0M$2.8M
Net operating expense$14.8M$17.4M$17.0M
Income (loss) from operations$437.5K$2.0M$9.9M
Other income$341.0K$829.6K$888.5K
Other (expense)-$631.3K-$575.0K-$302.4K
Net income (expense)-$290.3K$254.6K$586.1K
Income before provision for income taxes$147.2K$2.3M$10.5M
Provision (Benefit) for income taxes-$111.3K$887.3K$1.8M
Net income$258.4K$1.4M$8.7M
Basic$0.02$0.12
Diluted$0.02$0.12
Basic11.3M shares11.2M shares
Diluted11.3M shares11.2M shares

Compare VirTra, Inc with another company

Corporate structure

VirTra, Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VirTra, Inc

  • VirTra, Inc Las Vegas, Nevada, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VirTra, Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$23.0M5 Dec 31, 2025$22.2M5 Dec 31, 2024+3.5%
Accumulated depreciation$6.7M5 Dec 31, 2025$6.0M5 Dec 31, 2024+12.0%
Property and equipment, net$16.3M5 Dec 31, 2025$16.2M5 Dec 31, 2024+0.4%
Operating-lease assets (leased space)$268.9K5 Dec 31, 2025$437.1K5 Dec 31, 2024−38.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.6M5 Dec 31, 2025$18.0M5 Dec 31, 2024+3.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$2.9M5 Dec 31, 2025$611.2K5 Dec 31, 2024+370.6%
Accumulated amortization$363.5K5 Dec 31, 2025$52.6K5 Dec 31, 2024+591.2%
Finite-lived intangibles, net$2.5M5 Dec 31, 2025$558.7K5 Dec 31, 2024+349.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.1M5 Dec 31, 2025$14.6M5 Dec 31, 2024−10.4%

Properties, in its own words

On August 25, 2021, we purchased an industrial building of approximately 76,650 square feet situated on approximately 4.3 acres at 295 East Corporate Place in Chandler, Arizona. We believe that this building allows for our expected growth in simulator development and production, recoil kit development and production, training content creation as well as administrative, customer and technology support as we plan to scale, in addition to providing a larger and centralized facility to enhance efficiency. In addition to the centralization, we were also able to convert the additional space to a dedicated training and demonstration space. This allows us to offer onsite training in the use of our systems and allows us to do remote demonstrations of our systems to our harder to reach departments.

On June 1, 2022, we moved into a newly leased 9,350-square-foot facility in Orlando, Florida. This location has been instrumental in expanding our military business and strengthening our customer service presence on the East Coast. On October 23, 2025, we signed a letter of intent to purchase this Orlando property for $5 million. On March 6, 2026, we executed the Purchase and Sale Agreement, with the transaction expected to close in the second quarter of 2026. The property includes the 9,350-square-foot building currently occupied by VirTra, as well as a second 15,000-square-foot building divided into two suites. One suite is leased through 2028, and the other suite is leased through 2027 with two optional three-year renewal periods.

Item 2 of the 10-K filed Mar 26, 2026.4

Leadership

Who has led VirTra, Inc, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (8)

Former names

  • VIRTRA SYSTEMS INCAug 13, 2002 to Jan 28, 20163
  • GAMECOM INCDec 6, 1999 to May 15, 20023

Timeline

  1. Aug 14, 20268-K Results of operations26
  2. Jun 26, 20268-K Shareholder vote27
  3. May 11, 20268-K Results of operations28
  4. Mar 26, 20268-K Results of operations29
  5. Feb 17, 20268-K Executive or director change30
  6. Nov 10, 20258-K Results of operations31
  7. Oct 20, 20258-K Shareholder vote32
  8. Aug 11, 20258-K Results of operations33
  9. May 12, 20258-K Results of operations34
  10. Mar 27, 20258-K Results of operations35
  11. Nov 12, 20248-K Results of operations36
  12. Oct 22, 20248-K Shareholder vote37
  13. Sep 2, 2022New chief executive John F. Givens Ii. becomes CEO13
  14. Mar 27, 2018New chief executive Robert D. Ferris becomes CEO14

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.03) a share, on Nov 10, 2025.38

When it reported results

  1. Aug 14, 2026Reported quarterly or annual results26
  2. May 11, 2026Reported quarterly or annual results28
  3. Mar 26, 2026Reported quarterly or annual results29
  4. Nov 10, 2025Reported quarterly or annual results31
  5. Aug 11, 2025Reported quarterly or annual results33
  6. May 12, 2025Reported quarterly or annual results34
  7. Mar 27, 2025Reported quarterly or annual results35
  8. Nov 12, 2024Reported quarterly or annual results36

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

171 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 43 major events, 79 insider forms, 8 large holders, 19 other. The latest 20:

  1. Sep 15, 20264 EDGAR
  2. Sep 2, 20264 EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 14, 20268-K EDGAR
  5. Aug 13, 202610-Q EDGAR
  6. Jun 26, 20268-K EDGAR
  7. Jun 24, 20264 EDGAR
  8. Jun 24, 20264 EDGAR
  9. Jun 24, 20264 EDGAR
  10. Jun 24, 20264 EDGAR
  11. May 29, 20264 EDGAR
  12. May 15, 20264 EDGAR
  13. May 15, 20264 EDGAR
  14. May 11, 20268-K EDGAR
  15. May 11, 202610-Q EDGAR
  16. Apr 29, 2026DEF 14A EDGAR
  17. Mar 26, 20268-K EDGAR
  18. Mar 26, 202610-K EDGAR
  19. Feb 25, 20263 EDGAR
  20. Feb 17, 20268-K EDGAR

The 171 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

28 open-market trades by officers, directors and large owners since October 2021: 17 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026BARBER GRANTDirectorBuy1,500$2.95$4.4KForm 4
Aug 28, 2026BARBER GRANTDirectorBuy1,350$2.99$4.0KForm 4
Aug 27, 2026BARBER GRANTDirectorBuy2,000$3.05$6.1KForm 4
May 29, 2026BARBER GRANTDirectorBuy2,500$3.39$8.5KForm 4
May 15, 2026Boudreau AlannaChief Financial OfficerBuy5,000$3.36$16.8KForm 4
May 15, 2026BARBER GRANTDirectorBuy4,900$3.36$16.5KForm 4
May 14, 2026BARBER GRANTDirectorBuy1,125$3.35$3.8KForm 4
Feb 12, 2026Brown Jeffrey DaleDirectorBuy6,860$4.48$30.7KForm 4
Nov 19, 2025Givens John F. IICEOBuy22$4.92$108Form 4
Nov 18, 2025Givens John F. IICEOBuy361$4.93$1.8KForm 4
Nov 17, 2025Givens John F. IICEOBuy400$4.99$2.0KForm 4
Nov 14, 2025Givens John F. IICEOBuy4,217$4.74$20.0KForm 4
Nov 13, 2025Boudreau AlannaChief Financial OfficerBuy5,000$4.89$24.5KForm 4
Dec 4, 2023FERRIS ROBERT DExecutive ChairmanSale2,145$8.36$17.9KForm 4
Dec 4, 2023FERRIS ROBERT DExecutive ChairmanSale12,855$8.16$105.0KForm 4
Nov 30, 2023FERRIS ROBERT DExecutive ChairmanSale1,105$7.51$8.3KForm 4
Nov 30, 2023FERRIS ROBERT DExecutive ChairmanSale13,895$7.19$99.9KForm 4
Nov 27, 2023FERRIS ROBERT DExecutive ChairmanSale1,227$7.57$9.3KForm 4
Nov 27, 2023FERRIS ROBERT DExecutive ChairmanSale16,462$7.46$122.8KForm 4
Nov 24, 2023FERRIS ROBERT DExecutive ChairmanSale4,651$7.20$33.5KForm 4

All 28 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 34. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC459,517$1.4M0.0%+13,938
Dimensional Fund Advisors LP284,520$893.4K0.0%−46,942
Geode Capital Management, LLC135,088$424.3K0.0%+17,772
BlackRock, Inc.127,898$401.6K0.0%+848
Archon Capital Management LLC123,265$387.1K0.2%No change
Millennium Management LLC81,002$254.3K0.0%−22,362
ARS Investment Partners, LLC80,677$253.3K0.0%+22,710
Vanguard Fiduciary Trust Co63,206$198.5K0.0%+456
United Advisor Group, LLC59,715$187.5K0.0%−1,945
LPL Financial LLC47,044$147.7K0.0%−3,014
State Street Corp44,325$139.2K0.0%No change
Susquehanna International Group, Llp43,277$135.9K0.0%−15,599
Renaissance Technologies LLC43,000$135.0K0.0%−2,100
Goldman Sachs Group Inc29,277$91.9K0.0%−5,725
Qube Research & Technologies Ltd27,185$85.4K0.0%New
Northern Trust Corp24,441$76.7K0.0%+2,375
Raymond James Financial Inc13,463$42.3K0.0%−750
Diversify Advisory Services, LLC13,249$41.6K0.0%New
Diversify Wealth Management, LLC13,249$41.6K0.0%No change
Essex Investment Management Co LLC12,797$40.2K0.0%−59
UBS Group AG12,765$40.1K0.0%−13,449
Ashton Thomas Private Wealth, LLC12,684$39.8K0.0%+571
Citadel Advisors LLC11,296$35.5K0.0%New
Vanguard Global Advisers, LLC5,232$16.4K0.0%No change
SBI Securities Co., Ltd.2,354$7.4K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How VirTra, Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVirTra, Inc1
  • CIK0001085243
  • Employer ID (EIN)93-12076314
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3990 Miscellaneous Manufacturing Industries1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address295 E Corporate Place, Chandler, AZ 852251
  • Phone48096814881
  • Shares outstanding11,319,624 as of Aug 4, 202611
  • Public float$65.1M as of Jun 30, 20254
  • AuditorHaynie, Salt Lake City, Utah PCAOB ID 457; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 6, 19991
  • Filings441 in all: 4 (116), 8-K (115), 10-Q (27), 10QSB (26), 3 (15), DEF 14A (10), 10-K (9), S-8 (8)1
    All 53 form types

    SB-2/A (8), 10KSB (7), 10KSB/A (7), CORRESP (7), NT 10-Q (7), UPLOAD (7), NT 10-K (5), SB-2 (5), SC 13G (5), DEFA14A (4), SC 13G/A (4), 10SB12G/A (3), 5 (3), EFFECT (3), S-3 (3), 1-A/A (2), 10KSB40 (2), 4/A (2), 424B3 (2), 8-K/A (2), QUALIF (2), SCHEDULE 13G/A (2), 1-A (1), 1-A POS (1), 10-K/A (1), 10-Q/A (1), 10QSB/A (1), 10SB12G (1), 144 (1), 15F-12G (1), 253G2 (1), 253G3 (1), 424B5 (1), 8-A12B (1), 8-K12G3 (1), 8-K12G3/A (1), CERT (1), D (1), DEFM14A (1), NTN 10K (1), PRE 14A (1), PREM14A (1), REGDEX (1), REGDEX/A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Aug 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valueVTSINasdaq

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks VirTra, Inc names in Item 1A of its 10-K filed Mar 26, 2026: 25 risks under these headings, as written.4

  • Risks Related to Our Business
  • We depend on international, federal, state, regional and local contracts for substantially all of our revenues and the loss of government contracts or a delay or decline in funding of existing or future government contracts could decrease our backlog or adversely affect our sales and cash flows and our ability to fund our growth.
  • Government spending priorities and terms may change in a manner adverse to our business.
  • Intense competition could negatively impact on our sales and operating results.
  • If we are unable to anticipate customer preferences or to effectively identify, market and sell future products, our future revenues and operating results could be adversely affected.
  • Decline in federal, state, regional or local government spending would likely negatively affect our product revenues and earnings.
  • Uncertainty in the development, deployment, and use of AI in our products and services, as well as our business more broadly, could adversely affect our business and reputation.
  • We may not be able to receive or retain the necessary licenses or authorizations required for us to export or re-export our products, technical data or services, or to transfer technology from foreign sources and to work collaboratively with them. Denials of such licenses and authorizations could have a material adverse effect on our business and results of operations.
  • Our failure to comply with export control rules could have a material adverse effect on our business.
  • Failure to comply with the United States Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences.
  • We may face competition from providers of comparable products. Increased competition in those product categories could negatively affect our future revenues and operating results.
  • We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, resulting in a loss of our market share and a decrease in our revenues and gross profit.
The other 14 risks
  • Disruptions could negatively impact revenue and results of operation.
  • Some of the components of our products pose potential safety risks which could create potential liability exposure for us.
  • Assertions by third parties of infringement or other violation by us of their intellectual property rights could result in significant costs and substantially harm our business and operating results.
  • Our business is dependent on proprietary rights that may be difficult to protect and could affect our ability to compete effectively.
  • We depend on our executive officers, the loss of whom could materially harm our business.
  • If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our Common Stock may decline.
  • We do incur significantly increased costs because of operating as a public company, and our management is required to devote substantial time to new compliance initiatives.
  • Risks Relating to Our Stock
  • NASDAQ may delist our Common Stock from trading on its exchange, which could limit stockholders’ ability to trade our Common Stock.
  • Our Common Stock price is likely to be highly volatile because of several factors, including limited public fluctuation.
  • Because our officers and Board of Directors will make all management decisions, you should only invest in our securities if you are comfortable entrusting our directors to make all decisions.
  • Our issuance of additional Common Stock in exchange for services or to repay debt would dilute your proportionate ownership and voting rights and could have a negative impact on the market price of our Common Stock.
  • Shares eligible for future sale may adversely affect the market.
  • The provisions of our Articles of Incorporation and Bylaws may delay or prevent a takeover which may not be in the best interests of our stockholders.
  • We have never paid dividends on our Common Stock and have no plans to do so in the future.

Legal proceedings

There are no material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which we are a party or of which any of our property is the subject.

The opening of Item 3, Legal Proceedings.4

Sources

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