Here are a few analogies to describe Virtuix:

• Like Peloton for VR gaming and fitness, providing specialized hardware for movement in virtual worlds along with subscription content.
• The Tesla of VR movement, pioneering innovative hardware (omnidirectional treadmills) that redefines how users physically interact with virtual reality.

• Omni Pro: A commercial-grade omni-directional treadmill designed for enterprise use in arcades, VR centers, corporations, and research institutions.
• Omni Arena: A turnkey out-of-home entertainment attraction featuring four Omni Pro treadmills for multiplayer virtual reality gaming.
• Omni One: Virtuix's latest and most advanced omni-directional treadmill, designed for consumer use with full freedom of movement including crouching, kneeling, and jumping.
• Virtual Terrain Walk (VTW): A multi-user system enabling soldiers to physically move within geo-specific virtual environments for defense mission planning and leader rehearsals.
• Omni Care: Maintenance services provided for existing Omni Arena customers.
• Omniverse Game Credits: Credits sold for playing games on Omni Arena systems.
• Omni One Games: Digital games sold for use with the Omni One treadmill.
• Omni Online: A monthly subscription service allowing Omni One customers to play online multiplayer games.

Virtuix (VTIX) sells primarily to individual consumers, but also serves business and government entities. The company's major customer categories are:

1. Individual Consumers (Gamers and Fitness Enthusiasts): These customers purchase the Omni One system for personal use, engaging in virtual reality gaming, fitness, and other applications from home. Many also subscribe to Omni Online for multiplayer experiences and recurring content.
2. Out-of-Home Entertainment Centers: These businesses, which include arcades and VR centers, operate Omni Arena systems as turnkey attractions. While Virtuix has stopped selling new systems, it continues to earn recurring revenues from existing installations through maintenance services, game credits, and replacement parts.
3. Government and Defense Organizations: Entities within the defense industry, such as YokoWERX (an innovation cell of the U.S. Air Force), purchase Virtual Terrain Walk (VTW) prototype stations for applications like mission planning and leader rehearsals in geo-specific virtual environments.

Jan Goetgeluk, Chief Executive Officer and Chairman

Jan Goetgeluk is the founder, Chief Executive Officer, and Chairman of Virtuix, roles he has held since February 2013. Prior to founding Virtuix, he served as an Investment Banking Associate at J.P. Morgan from May 2010 to February 2013. He was also a Project Engineer at the Belgian logistics conglomerate, Katoen Natie, from September 2006 to July 2007. Mr. Goetgeluk holds a Bachelor of Science and a Master of Science degree in Mechanical Engineering from Ghent University, and a Master of Business Administration from Rice University. He is the inventor of the Omni omni-directional treadmill and led Virtuix through a successful Kickstarter campaign that raised over $1.1 million. The company has raised more than $40 million from private and institutional investors, including Mark Cuban and twelve venture capital funds.

Thomas McGinnis, Chief Financial Officer

Thomas McGinnis has served as the Chief Financial Officer of Virtuix since October 2025. From April 2021 to August 2025, Mr. McGinnis was the Controller of Ammo, Inc., where he was responsible for the company's SEC reporting process, oversaw Sarbanes-Oxley internal controls compliance, led all financial reporting aspects, and supported the successful sale of the business. Before that, from September 2019 to April 2021, he worked as an auditor with Durbin & Company, focusing on financial statement audits. Mr. McGinnis is a Certified Public Accountant and holds a Bachelor of Science degree from Arizona State University and a Master of Science degree from the University of Texas at Dallas.

David Allan, President and Chief Operating Officer

David Allan was appointed President and Chief Operating Officer of Virtuix in December 2013, a role he held until September 2024, when he resigned to focus on Asian operations. He was reappointed to these roles in July 2025. He has also served as a director since December 2016. Before joining Virtuix, Mr. Allan was Vice President at ERP Power LLC, a manufacturer of power supplies and LED light engines, from June 2008 to January 2012. In this position, he established the company's factory in China and contributed to its growth, which culminated in its acquisition by a private equity firm. From January 2006 to May 2008, Mr. Allan served as Regional Materials Manager at Flextronics, a Fortune 500 manufacturer. He also spent twelve years as co-owner of a Taiwan-based OEM hardware business. Mr. Allan holds a Bachelor of Applied Science in Systems Design Engineering from the University of Waterloo, Canada, and is fluent in Mandarin.

Lauren Premo, Head of Marketing

Ms. Premo has served as the Head of Marketing for Virtuix since November 2023. Prior to her current role, she was the Senior Director of Brand Marketing at Turtle Beach from April 2022 to August 2023, where she led global brand marketing for the Roccat brand. Her responsibilities included overseeing marketing strategy, communications, partnerships, events, and creative content. From 2014 to 2022, Ms. Premo held positions of increasing responsibility in the marketing field.

• The business faces significant risk from its high dependence on the successful market adoption and sales performance of its latest product, Omni One. Virtuix has ceased production and sales of its previous products, Omni Pro and Omni Arena, effectively making Omni One the primary driver for current and near-term revenue growth.

• The company is exposed to risks associated with the long and uncertain development and sales cycle for its Virtual Terrain Walk (VTW) system in the defense sector. VTW is currently in development, and while a proof-of-concept is aimed for calendar year-end 2025, meaningful sales are not expected to materialize until fiscal year 2027 at the earliest. This extended timeline, coupled with the inherent complexities and procurement cycles of the defense market, introduces uncertainty regarding future revenue diversification from this product.

Virtuix (VTIX) operates in several distinct markets with varying addressable sizes globally.

Omni Pro and Omni Arena (Out-of-Home VR Entertainment)

The global location-based VR entertainment market, which includes VR arcades and other out-of-home attractions, was valued at approximately US$ 3.89 billion in 2024. This market is projected to experience substantial growth, reaching an estimated US$ 42.86 billion by 2034, with a compound annual growth rate (CAGR) of 27.1% during this period. Another estimate for the global VR arcade market specifically shows a size of USD 2.1 billion in 2024, with a forecast to grow to USD 10.3 billion by 2033.

Omni One (Consumer VR Treadmills)

The global virtual reality treadmill market was valued at USD 1.74 billion in 2025 and is projected to reach USD 8 billion by 2035, growing at a CAGR of 16.4% from 2025 to 2035. Another report indicates a global virtual reality treadmill market size of USD 1.2 billion in 2023, expected to reach USD 4.7 billion by 2032. North America is noted as a significant market, with the United States being a key contributor to its growth.

Virtual Terrain Walk (VTW) (Defense Simulation and Training)

The global military simulation and virtual training market, which includes systems like VTW, was valued at USD 13.7 billion in 2024. This market is estimated to grow at a CAGR of 5.3% to reach USD 22.8 billion by 2034. North America dominated this market in 2022, accounting for the largest revenue share, and the U.S. alone allocated over USD 26 billion a year through 2028 for simulation and training systems.

• Accelerated Sales and International Expansion of Omni One Systems: Virtuix anticipates significant growth from its latest consumer product, Omni One, which launched in September 2024. The company has already shipped 1,800 units by September 2025, generating over $4,000,000 in revenue. Virtuix reported a 41% revenue increase for the nine months ended December 31, 2025, driven by strong demand for Omni One. The company has scaled its manufacturing capacity to support up to 3,000 units per month, aiming for approximately $100 million in annual revenue potential, with meaningful scaling expected in 2027 and beyond. Furthermore, Virtuix is expanding Omni One into major European markets, including Germany, the UK, and France, and collaborating with Meta to broaden its market reach, potentially attracting 6 million active users.
• Growth in Recurring Revenues from Omni One Software and Subscriptions: Complementing hardware sales, Virtuix expects to grow recurring revenues from Omni One through the sale of games and monthly subscriptions to Omni Online, priced at $14/month. Approximately 50% of Omni One customers currently purchase an annual subscription to Omni Online, indicating a strong attach rate for these high-margin software services as the Omni One installed base expands.
• Entry and Expansion into the Defense Market with Virtual Terrain Walk (VTW): Virtuix is developing Virtual Terrain Walk (VTW), a multi-user system for next-generation mission planning in the defense industry. While meaningful sales are not expected to materialize until fiscal year 2027 at the earliest, the company aimed to present a proof-of-concept by calendar year-end 2025. Early adoption is evident, with the U.S. Air Force having purchased two prototype stations for experimentation. VTW units are also deployed at military institutions like the U.S. Air Force Academy and Yokota Air Force Base, demonstrating growing interest and adoption within defense training environments. This new vertical represents a significant new market opportunity leveraging Virtuix's patented omni-directional treadmill technology.

Share Repurchases

• Virtuix reported negligible or zero share repurchases for the fiscal quarters ending March 2026, December 2025, and September 2025.

Share Issuance

• Virtuix went public on the Nasdaq Global Market on January 27, 2026.
• At its Nasdaq listing, the company was valued at $341 million.