Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| VirTra, Inc.VTSI · consumer durables | |
|---|---|
| Grade |  Bsecond fifth of 460 graded peers; percentile 36.6, sampling error 2.3 points; lower is stronger |
| Rank | 166 of 460 |
| Profitability | Dpercentile 66.7 |
| Solvency | Apercentile 8.8 |
| Growth and financing | Cpercentile 57.6 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $65.1M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 26, 2026197 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $2.642026-10-08; market equity $29.9M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 26, 2026; the document on sec.gov.
are a corporation organized and existing under the laws of the State of Nevada. The original business started in 1993 as Ferris Productions, Inc. In September 2001, Ferris Productions, Inc. merged with GameCom, Inc. to ultimately become VirTra Systems, Inc., a Texas corporation. as of October 1, 2016, we completed a conversion from a Texas corporation to a Nevada corporation pursuant to a Redomestication Plan of Conversion (the “Plan of Conversion”) that was approved by our Board of Directors on June 23, 2016, and by our stockholders part of the Plan of Conversion, we filed Articles of Incorporation in Nevada whereby we changed our name from VirTra Systems, Inc. to VirTra, Inc.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 66.7 | |||||||
| Gross profitability | 23.3% | [1,5] | 34.4% | 64.6 | 476 | 2025-12-31 | |
| Return on invested capital | not computable | 8.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (6.7%) | [1,6-8] | (5.1%) | 40.8 | 525 | 2025-12-31 | |
| Gross margin stability, five years | 9.9 pts | [2,5,9-16] | 1.7 pts | 94.6 | 407 | 2025-12-31 | |
| Solvency, sleeve percentile 8.8 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 6.22 | [1,17-22] | 2.11 | 15.0 | 402 | 2025-12-31 | |
| Net debt to EBITDA | (5.02x) | [3-4,20,23] | 2.11x | 2.7 | 187 | 2025-12-31 | |
| Interest coverage | not computable | 2.57x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 4.01x | [17-18] | 1.55x | 8.7 | 541 | 2025-12-31 | |
| Growth and financing, sleeve percentile 57.6 | |||||||
| Revenue growth, three-year compound | (7.5%) | [2,10,12,14] | 1.4% | 81.9 | 482 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.3% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 12.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | 6.6% | [1,8,24-25] | 2.0% | 29.0 | 487 | 2025-12-31 | |
| Net share issuance, one year | 0.4% | [26-27] | (0.3%) | 61.9 | 382 | 2026-03-23 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.126; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 161 | Carters Inc. (CRI) Carters Inc. (CRI) Bsecond fifth; percentile 35.8 NYSE · Apparel & Other Finishd Prods of Fabrics & Similar Matl market equity $1.2B; last close $32.50 No active warnings; 11 of 14 inputs | 35.8 | B | |
| 162 | Lear Corp. (LEA) Lear Corp. (LEA) Bsecond fifth; percentile 36.2 NYSE · Motor Vehicle Parts & Accessories market equity $5.8B; last close $118.30 No active warnings; 11 of 14 inputs | 36.2 | B | |
| 163 | Reborn Coffee, Inc. (REBN) Reborn Coffee, Inc. (REBN) Bsecond fifth; percentile 36.2 Nasdaq · Retail-Eating Places market equity $16.3M; last close $1.87 Warnings: dilution, late filer, fortress balance sheet; 7 of 14 inputs | 36.2 | B | dilution, late filer, fortress balance sheet |
| 164 | Avnet Inc. (AVT) Avnet Inc. (AVT) Bsecond fifth; percentile 36.6 Nasdaq · Wholesale-Electronic Parts & Equipment, NEC market equity $8.2B; last close $99.50 No active warnings; 8 of 14 inputs | 36.6 | B | |
| 165 | Ingredion Inc. (INGR) Ingredion Inc. (INGR) B/Con the B/C boundary; percentile 36.6 NYSE · Grain Mill Products market equity $6.0B; last close $95.11 No active warnings; 9 of 14 inputs | 36.6 | B/C | |
| 166 | VirTra, Inc. (VTSI) VirTra, Inc. (VTSI) Bsecond fifth; percentile 36.6 Nasdaq · Miscellaneous Manufacturing Industries market equity $29.9M; last close $2.64 Warnings: fortress balance sheet; 9 of 14 inputs | 36.6 | B | fortress balance sheet |
| 167 | Dollar General Corp. (DG) Dollar General Corp. (DG) Bsecond fifth; percentile 37.0 NYSE · Retail-Variety Stores market equity $27.4B; last close $124.17 No active warnings; 12 of 14 inputs | 37.0 | B | |
| 168 | LCI Industries (LCII) LCI Industries (LCII) Bsecond fifth; percentile 37.3 NYSE · Motor Vehicle Parts & Accessories market equity $1.9B; last close $80.17 No active warnings; 13 of 14 inputs | 37.3 | B | |
| 169 | Zumiez Inc. (ZUMZ) Zumiez Inc. (ZUMZ) B/Con the B/C boundary; percentile 37.4 Nasdaq · Retail-Apparel & Accessory Stores market equity $217.8M; last close $14.24 Warnings: fortress balance sheet; 9 of 14 inputs | 37.4 | B/C | fortress balance sheet |
| 170 | PVH Corp. (PVH) PVH Corp. (PVH) B/Con the B/C boundary; percentile 37.4 NYSE · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments market equity $3.7B; last close $81.12 No active warnings; 11 of 14 inputs | 37.4 | B/C | |
| 171 | Haverty Furniture Companies Inc. (HVT) Haverty Furniture Companies Inc. (HVT) B/Con the B/C boundary; percentile 37.9 NYSE · Retail-Furniture Stores last close $27.54 Warnings: fortress balance sheet; 7 of 14 inputs | 37.9 | B/C | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 35.0 | 2204 |
| sector peers, equal sleeves (the grade) | B | 36.6 | 460 |
| same exchange, equal sleeves | B | 37.2 | 1219 |
| sector peers, equal inputs | B | 37.3 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (41.3%) | (0.2%) | 11 | hotter than 11 of 100 peers |
| Distance from 52-week high | (57.8%) | (25.6%) | 13 | closer to its high than 13 of 100 peers |
| EBIT to enterprise value | 1.9% | 5.0% | 28 | pricier than 72 of 100 peers |
| Free cash flow yield | 10.3% | 4.6% | 78 | pricier than 22 of 100 peers |
| Book value to price | 1.48 | 0.45 | 89 | pricier than 11 of 100 peers |
| Sales to price | 0.75 | 1.49 | 29 | pricier than 71 of 100 peers |
| Composite equity issuance, five years | 37.6% | (16.0%) | 92 | more equity-funded than 92 of 100 peers |
| Relative strength against the sector, log excess return | (0.51) | (0.01) | 12 | ahead of 12 of 100 peers |
Inputs: market equity $29.9M; EBIT $437,495; free cash flow $3.1M; book equity $44.1M; sales $22.4M; debt $7.5M; cash $14.3M[28].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 3 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 0.4% | ✓ pass[6,8] |
| Operating cash flow above zero | $4.6M | ✓ pass[7] |
| Return on assets improved | (1.5 pts) | ✗ fail[6,8,24,29] |
| Operating cash flow exceeds net income | $4.3M | ✓ pass[6-7] |
| Long-term leverage fell | 0.1 pts | ✗ fail[1,4,8,24,30] |
| Current ratio improved | (54.8 pts) | ✗ fail[17-18,31-32] |
| No new shares issued | 0.4% | ✗ fail[26-27] |
| Gross margin improved | (5.8 pts) | ✗ fail[2,5,9-10] |
| Asset turnover improved | (3.0 pts) | ✗ fail[2,8,10,24] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $14.3M[33] |
| Operating cash flow, four quarters | -$4.2M[7,33-37] |
| Months of runway | 41.1 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 57 |
| 10-Q received Aug 13, 2026 | |
| Median daily dollar volume | $76,842 |
| 63 sessions | |
| Days since newest grade input | 197 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $65.1M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $22.4M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $18.6M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $7.5M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $15.2M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | $258,446 | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.6M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $65.0M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $19.4M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $26.4M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $26.9M | 2023-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $38.3M | 2023-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $16.3M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $28.3M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $11.4M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $24.4M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $41.0M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $10.2M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $12.5M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | $437,495 | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $45.6M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $19.5M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 23 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $1.8M | 2025-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $70.4M | 2023-12-31 | 2025-03-27 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $53.8M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 11,303,885 | 2026-03-23 | 2026-03-26 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 11,260,209 | 2025-03-24 | 2025-03-27 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 11,319,624 | 2026-08-04 | 2026-08-13 | 10-Q | filing · viewer · series |
| 29 | net income | us-gaap:NetIncomeLoss | $1.4M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebt | $7.8M | 2024-12-31 | 2025-03-27 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $44.0M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $9.6M | 2024-12-31 | 2026-03-26 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $14.3M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$2.7M | 2026-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$580,391 | 2026-03-31 | 2026-05-11 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $6.1M | 2025-09-30 | 2025-11-10 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $6.0M | 2025-06-30 | 2026-08-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 36.6 is 3.4 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
