Virtuix Holdings Inc. — Form 10-Q
Filed August 19, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 72/100
What the filing says
For Q1 FY2027 (ended June 30, 2026), Virtuix reported revenues of $767.3K (down 26% YoY from $1.032M), net loss of $7.17M (vs. $2.31M prior year), and cash of $7.44M. The company identified a material weakness in internal controls over accounting for complex financing arrangements with Streeterville Capital, LLC, requiring restatement of prior-period financials. Total debt (notes payable + PPP arrangements) is ~$14.5M; accumulated deficit is $86.5M against total assets of $12.6M. The company has total stockholders' deficit of $(3.08M) as of June 30, 2026.
Why this rating
Material control weakness + going-concern doubt + deep accumulated losses relative to small $14.8M asset base = significant trajectory risk. Debt/asset ratio near 1:1 is concerning for a pre-revenue company.
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