Virtuix (VTIX) Registration filing summary

Company overview and business model

• Designs and sells omni-directional treadmills for VR, targeting consumer, enterprise, and defense markets.

• Generates revenue from hardware sales, software, subscriptions, and services.

• Vertically integrated across design, manufacturing, and distribution, with production facilities in China and Taiwan.

• Holds a strong patent portfolio with 25 issued patents and 14 registered trademarks.

• Pursues a dual-use strategy: scaling consumer sales and entering defense contracts.

Financial performance and metrics

• Fiscal year ended March 31, 2025: revenue $3.59M, net loss $14.65M; prior year revenue $2.41M, net loss $12.40M.

• Nine months ended December 31, 2025: revenue $2.98M, net loss $6.89M; prior year revenue $2.11M, net loss $12.02M.

• Gross margin improved to 29% for the nine months ended December 31, 2025, from -17% prior year.

• Accumulated deficit as of December 31, 2025: $69.38M; cash on hand: $1.07M.

• Operating expenses decreased in the latest nine-month period due to lower R&D and G&A costs.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling stockholders.

• Proceeds from recent financings used to pay off debt, fund working capital, and support operations through at least December 2026.

• Plans to raise additional capital via registered offerings after December 2026.