Earnings Releases·Nov 12, 2026, 4:02 PM ET

VirTra — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 42% year-over-year to $7.6 million, driving a swing to net income of $2.2 million ($0.19 EPS) from a $0.4 million loss in Q3 2025, while nine-month revenue declined 13% to $16.9 million due to delivery timing shifts from prior periods.
Gross margin expanded to 70% in Q3 2026 from 66% the prior year, and Adjusted EBITDA jumped 2696% to $2.6 million for the quarter, though nine-month Adjusted EBITDA fell 13% to $2.2 million.
Management secured a five-year, up to $14 million sole-source contract with U.S. Customs and Border Protection and a $1.5 million sole-source award from the U.S. Army, contributing to a $27.6 million backlog and $10.3 million in Q3 bookings (up 87% sequentially).
Outlook remains positive as government funding programs reopen, though timing of grant awards and deployments remains unpredictable; the company maintains $18.4 million in cash and $11.3 million in total debt.