VIRCO MFG. CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $199.7M | $266.2M | $269.1M | $231.1M | $184.8M | $152.8M | $193.0M | $200.7M |
| Cost of Revenue | $118.4M | $151.5M | $153.1M | $145.7M | $123.9M | $97.9M | $121.3M | $133.6M |
| Gross Profit | $81.2M | $114.7M | $116.1M | $85.3M | $60.9M | $54.9M | $71.7M | $67.1M |
| Gross Margin | 40.7% | 43.1% | 43.1% | 36.9% | 33.0% | 35.9% | 37.1% | 33.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $77.6M | $86.8M | $84.2M | $74.7M | $61.3M | $54.2M | $65.7M | $64.8M |
| Operating Income | $3.7M | $27.9M | $31.9M | $10.6M | $-336.0K | $735.0K | $5.9M | $2.3M |
| Operating Margin | 1.8% | 10.5% | 11.8% | 4.6% | -0.2% | 0.5% | 3.1% | 1.2% |
| Interest Expense | $300.0K | $349.0K | $2.7M | $2.0M | $1.2M | $1.5M | $2.5M | $2.2M |
| Pretax Income | $3.5M | $28.4M | $29.2M | $8.0M | $-3.7M | $-3.0M | $2.7M | $-1.1M |
| Income Tax Expense | $895.0K | $6.8M | $7.3M | $-8.5M | $11.4M | $-744.0K | $345.0K | $497.0K |
| Net Income | $2.6M | $21.6M | $21.9M | $16.5M | $-15.1M | $-2.2M | $2.4M | $-1.6M |
| Net Margin | 1.3% | 8.1% | 8.1% | 7.2% | -8.2% | -1.5% | 1.2% | -0.8% |
| EPS (Basic) | $0.16 | $1.32 | $1.34 | $1.03 | $-0.95 | $-0.14 | $0.15 | $-0.10 |
| EPS (Diluted) | $0.16 | $1.32 | $1.34 | $1.02 | $-0.95 | $-0.14 | $0.15 | $-0.10 |
| Shares Outstanding (Basic) | 15.8M | 16.4M | 16.3M | 16.1M | 16.0M | 15.8M | 15.6M | 15.4M |
| Shares Outstanding (Diluted) | 15.8M | 16.4M | 16.4M | 16.2M | 16.0M | 15.8M | 15.7M | 15.4M |
| Dividends Per Share | $0.10 | $0.09 | $0.02 | $0.00 | — | — | — | — |