VIRC · Virco Mfg Corporation - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $199.65M | $266.24M | $269.12M | $231.06M | $184.83M | $152.79M |
| Cost of Revenue | $118.41M | $151.55M | $153.06M | $145.72M | $123.90M | $97.87M |
| Gross Profit | $81.24M | $114.69M | $116.06M | $85.34M | $60.93M | $54.92M |
| R&D | - | - | - | - | - | - |
| SG&A | $77.58M | $86.83M | $84.18M | $74.50M | $61.27M | $54.20M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $6.14M | $5.69M | $5.10M | $4.54M | $4.57M | $5.09M |
| Operating Income | $3.66M | $27.86M | $31.88M | $10.84M | ($336.0K) | $735.0K |
| Interest Expense | $300.0K | $349.0K | $2.68M | $1.98M | $1.20M | $1.54M |
| Income Tax | $895.0K | $6.78M | $7.33M | ($8.50M) | $11.41M | ($744.0K) |
| Net Income | $2.57M | $21.64M | $21.91M | $16.55M | ($15.14M) | ($2.23M) |
| EPS - Basic | $0.16 | $1.32 | $1.34 | $1.03 | ($0.95) | ($0.14) |
| EPS - Diluted | $0.16 | $1.32 | $1.34 | $1.02 | ($0.95) | ($0.14) |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.40M | $26.87M | $5.30M | $1.06M | $402.0K | $402.0K |
| Accounts Receivable | $13.59M | $13.00M | $23.16M | $18.43M | $17.77M | $9.76M |
| Inventory | $56.73M | $55.65M | $58.37M | $67.41M | $47.37M | $38.27M |
| Accounts Payable | $7.39M | $11.59M | $12.95M | $19.45M | $19.79M | $8.42M |
| Current Assets | $98.73M | $102.17M | $89.03M | $89.07M | $68.85M | $50.97M |
| Total Assets | $174.18M | $191.95M | $146.44M | $150.13M | $126.44M | $125.04M |
| Current Liabilities | $31.98M | $34.27M | $38.53M | $48.52M | $36.28M | $22.11M |
| Long-term Debt | $3.61M | $3.88M | $4.14M | $14.38M | $14.17M | $9.55M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $105.93M | $109.27M | $91.18M | $68.06M | $47.45M | $54.19M |
| Retained Earnings | ($7.88M) | ($8.87M) | ($29.05M) | ($50.63M) | ($67.18M) | ($52.04M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($841.0K) | $33.13M | $26.96M | ($3.79M) | ($401.0K) | $7.80M |
| Investing Cash Flow | ($5.74M) | ($5.56M) | ($4.76M) | ($3.33M) | ($2.37M) | ($2.13M) |
| Financing Cash Flow | ($5.85M) | ($5.98M) | ($17.97M) | $6.82M | $3.73M | ($6.41M) |
| CapEx | $5.85M | $6.29M | $5.25M | $3.33M | $3.00M | $2.15M |
| Free Cash Flow | ($6.70M) | $26.83M | $21.71M | ($7.12M) | ($3.40M) | $5.64M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.7% | 43.1% | 43.1% | 36.9% | 33.0% | 35.9% |
| Operating margin | 1.8% | 10.5% | 11.8% | 4.7% | -0.2% | 0.5% |
| EBITDA margin | 4.9% | 12.6% | 13.7% | 6.7% | 2.3% | 3.8% |
| Net margin | 1.3% | 8.1% | 8.1% | 7.2% | -8.2% | -1.5% |
| Free cash flow margin | -3.4% | 10.1% | 8.1% | -3.1% | -1.8% | 3.7% |
| FCF / Net income | -2.61 | 1.24 | 0.99 | -0.43 | 0.22 | -2.53 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 38.9% | 32.6% | 31.3% | 32.2% | 33.1% | 35.5% |
| Effective tax rate | 25.8% | 23.9% | 25.1% | -105.7% | - | - |
| Return on assets | 1.5% | 11.3% | 15.0% | 11.0% | -12.0% | -1.8% |
| Return on equity | 2.4% | 19.8% | 24.0% | 24.3% | -31.9% | -4.1% |
| Return on invested capital | 2.5% | 18.7% | 25.1% | 13.1% | -0.4% | 0.9% |
| Liquidity | ||||||
| Current ratio | 3.09 | 2.98 | 2.31 | 1.84 | 1.90 | 2.31 |
| Quick ratio | 1.31 | 1.36 | 0.80 | 0.45 | 0.59 | 0.57 |
| Cash ratio | 0.45 | 0.78 | 0.14 | 0.02 | 0.01 | 0.02 |
| Leverage | ||||||
| Debt / Equity | 0.03 | 0.04 | 0.05 | 0.21 | 0.30 | 0.18 |
| Debt / Assets | 0.02 | 0.02 | 0.03 | 0.10 | 0.11 | 0.08 |
| Debt / EBITDA | 0.37 | 0.12 | 0.11 | 0.94 | 3.35 | 1.64 |
| Interest coverage | 12.2x | 79.8x | 11.9x | 5.5x | -0.3x | 0.5x |
| Equity multiplier | 1.64 | 1.76 | 1.61 | 2.21 | 2.67 | 2.31 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.15 | 1.39 | 1.84 | 1.54 | 1.46 | 1.22 |
| Inventory turnover | 2.09 | 2.72 | 2.62 | 2.16 | 2.62 | 2.56 |
| Days sales outstanding | 25d | 18d | 31d | 29d | 35d | 23d |
| Days inventory outstanding | 175d | 134d | 139d | 169d | 140d | 143d |
| Days payable outstanding | 23d | 28d | 31d | 49d | 58d | 31d |
| Cash conversion cycle | 177d | 124d | 140d | 149d | 116d | 135d |
| Valuation | ||||||
| P / E | 43.7x | 8.3x | 8.9x | 4.8x | - | - |
| P / B | 1.0x | 1.6x | 2.2x | 1.2x | 1.0x | 0.8x |
| P / S | 0.6x | 0.7x | 0.7x | 0.3x | 0.3x | 0.3x |
| EV / EBITDA | 10.1x | 4.6x | 5.3x | 6.0x | 14.4x | 9.0x |
| Growth | ||||||
| Revenue growth (YoY) | -25.0% | -1.1% | 16.5% | 25.0% | 21.0% | -23.9% |
| Revenue CAGR (3y) | -4.8% | 12.9% | 20.8% | 4.8% | - | - |
| Revenue CAGR (5y) | 5.5% | 5.8% | - | - | - | - |
| Gross profit growth (YoY) | -29.2% | -1.2% | 36.0% | 40.1% | 10.9% | -23.4% |
| Operating income growth (YoY) | -86.9% | -12.6% | 194.1% | - | - | -87.6% |
| Net income growth (YoY) | -88.1% | -1.2% | 32.4% | - | -578.1% | - |
| EPS growth (YoY) | -87.9% | -1.5% | 31.4% | - | -578.6% | - |
| EPS CAGR (3y) | -46.1% | - | - | 89.5% | - | - |
| EPS CAGR (5y) | - | 54.5% | - | - | - | - |
| FCF growth (YoY) | - | 23.6% | - | -109.7% | - | 1.8% |
| FCF CAGR (5y) | - | 37.1% | - | - | - | 11.7% |
| Book value growth (YoY) | -3.1% | 19.8% | 34.0% | 43.4% | -12.4% | -1.2% |
Stability scores
Piotroski F-score
FY 2026 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Dividends
$0.10/share trailing 12 months · +5.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $0.0250 |
| Dec 19, 2025 | $0.0250 |
| Sep 19, 2025 | $0.0250 |
| Jun 20, 2025 | $0.0250 |
| Mar 26, 2025 | $0.0250 |
| Dec 20, 2024 | $0.0250 |
| Sep 20, 2024 | $0.0250 |
| Jun 21, 2024 | $0.0200 |
| Mar 6, 2024 | $0.0200 |
| Dec 21, 2023 | $0.0200 |
| Dec 26, 2018 | $0.0150 |
| Sep 25, 2018 | $0.0150 |
| Jun 25, 2018 | $0.0150 |
| Mar 22, 2018 | $0.0150 |
| Dec 27, 2017 | $0.0150 |
| May 11, 2011 | $0.0250 |
| Mar 2, 2011 | $0.0250 |
| Nov 3, 2010 | $0.0250 |
| Aug 25, 2010 | $0.0250 |
| May 12, 2010 | $0.0250 |
| Mar 3, 2010 | $0.0250 |
| Nov 6, 2009 | $0.0250 |
| Aug 28, 2009 | $0.0250 |
| May 1, 2009 | $0.0250 |