Virtuix Holdings Reports 26% Revenue Decline and Increased Net Loss for Quarter Ended June 30, 2026

Virtuix Holdings Inc. reported a significant decline in financial performance for the three months ended June 30, 2026, with revenues totaling $767,300, a decrease of 26% from $1,032,136 in the same period last year. The company attributed this decline primarily to the fulfillment of a backlog of Omni One orders in the previous fiscal period, while new orders for Omni One systems increased by 72% compared to the prior year. The net loss for the quarter was $7,170,566, compared to a loss of $2,307,155 in the same quarter of 2025, reflecting an increase in operating expenses and non-cash charges.

Total operating expenses surged to $4,129,131, up from $2,217,766 in the prior year, driven largely by a rise in general and administrative expenses, which increased to $3,080,778 from $959,392. This increase was attributed to costs associated with operating as a publicly traded company, including professional services and stock-based compensation. Selling expenses decreased to $738,978 from $1,049,658, reflecting reduced marketing expenditures following a significant digital advertising campaign in the previous year.

In terms of operational metrics, Virtuix reported that it has sold over 4,000 Omni Pro systems and installed 80 Omni Arena systems, with a player base exceeding 500,000 for the Omni Arena. The company is also focusing on expanding its market presence with the Omni One, which is designed for home use and has seen a notable increase in orders following its launch for the Quest platform. The company continues to explore opportunities in the defense sector, having sold test units to various branches of the U.S. military.

Looking ahead, Virtuix's management expressed optimism about scaling sales of the Omni One and securing defense contracts, although they acknowledged the challenges of achieving profitability given the ongoing losses and the need for additional financing. As of June 30, 2026, the company had cash and cash equivalents of $7,443,869, down from $9,471,288 at the end of the previous quarter. The company is actively pursuing funding options to support its operations and growth strategy, emphasizing the importance of successful execution of its plans to ensure long-term viability.