VirTra (VTSI)
Market Price (4/5/2026): $3.76 | Market Cap: $42.5 MilSector: Consumer Discretionary | Industry: Leisure Facilities
VirTra (VTSI)
Market Price (4/5/2026): $3.76Market Cap: $42.5 MilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20% Megatrend and thematic driversMegatrends include Future of Training, and Public Safety & Security. Themes include Advanced Simulation & Immersive Training, Tactical Skill Development, Show more. | Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -66% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 98x, P/EPrice/Earnings or Price/(Net Income) is 165x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -47% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% Key risksVTSI key risks include [1] its heavy reliance on government contracts, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Megatrend and thematic driversMegatrends include Future of Training, and Public Safety & Security. Themes include Advanced Simulation & Immersive Training, Tactical Skill Development, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -89%, 3Y Excs Rtn is -66% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 98x, P/EPrice/Earnings or Price/(Net Income) is 165x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -47% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% |
| Key risksVTSI key risks include [1] its heavy reliance on government contracts, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Miss in Q4 2025 Earnings and Revenue.
VirTra reported its Q4 2025 earnings on March 26, 2026, significantly missing analyst expectations. The company posted an earnings per share (EPS) of -$0.09, falling short of the -$0.03 estimate by $0.06. Additionally, revenue reached only $2.9 million, substantially missing the estimated $5.48 million by approximately $2.58 million. This poor financial performance led to an aftermarket stock drop of 4.87%.
2. Impact of Extended Federal Funding Delays.
A core reason for the revenue shortfall was explicitly cited by VirTra management as extended federal funding delays. These delays significantly pressured near-term revenue, particularly affecting the government segment, which experienced a 22.3% decline in revenue.
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Stock Movement Drivers
Fundamental Drivers
The -10.0% change in VTSI stock from 12/31/2025 to 4/4/2026 was primarily driven by a -43.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.20 | 3.78 | -10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 22 | -10.2% |
| Net Income Margin (%) | 0.7% | 1.2% | 77.1% |
| P/E Multiple | 291.3 | 165.3 | -43.3% |
| Shares Outstanding (Mil) | 11 | 11 | -0.3% |
| Cumulative Contribution | -10.0% |
Market Drivers
12/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| VTSI | -10.0% | |
| Market (SPY) | -5.4% | 55.3% |
| Sector (XLY) | -9.4% | 49.0% |
Fundamental Drivers
The -28.1% change in VTSI stock from 9/30/2025 to 4/4/2026 was primarily driven by a -72.5% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.26 | 3.78 | -28.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27 | 22 | -17.2% |
| Net Income Margin (%) | 4.2% | 1.2% | -72.5% |
| P/E Multiple | 52.2 | 165.3 | 216.4% |
| Shares Outstanding (Mil) | 11 | 11 | -0.3% |
| Cumulative Contribution | -28.1% |
Market Drivers
9/30/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| VTSI | -28.1% | |
| Market (SPY) | -2.9% | 47.7% |
| Sector (XLY) | -9.6% | 42.0% |
Fundamental Drivers
The -7.1% change in VTSI stock from 3/31/2025 to 4/4/2026 was primarily driven by a -77.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.07 | 3.78 | -7.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 22 | -15.0% |
| Net Income Margin (%) | 5.2% | 1.2% | -77.7% |
| P/E Multiple | 34.9 | 165.3 | 373.0% |
| Shares Outstanding (Mil) | 12 | 11 | 3.6% |
| Cumulative Contribution | -7.1% |
Market Drivers
3/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| VTSI | -7.1% | |
| Market (SPY) | 16.3% | 20.5% |
| Sector (XLY) | 10.2% | 21.2% |
Fundamental Drivers
The -5.5% change in VTSI stock from 3/31/2023 to 4/4/2026 was primarily driven by a -83.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.00 | 3.78 | -5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 22 | -20.8% |
| Net Income Margin (%) | 6.9% | 1.2% | -83.3% |
| P/E Multiple | 22.3 | 165.3 | 641.2% |
| Shares Outstanding (Mil) | 11 | 11 | -3.5% |
| Cumulative Contribution | -5.5% |
Market Drivers
3/31/2023 to 4/4/2026| Return | Correlation | |
|---|---|---|
| VTSI | -5.5% | |
| Market (SPY) | 63.3% | 19.4% |
| Sector (XLY) | 47.9% | 20.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VTSI Return | 99% | -33% | 102% | -29% | -38% | -13% | 4% |
| Peers Return | -4% | -22% | 51% | 34% | 49% | -16% | 91% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| VTSI Win Rate | 58% | 33% | 42% | 42% | 42% | 25% | |
| Peers Win Rate | 45% | 42% | 62% | 58% | 57% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VTSI Max Drawdown | -3% | -41% | -21% | -37% | -45% | -13% | |
| Peers Max Drawdown | -17% | -44% | -10% | -22% | -20% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AXON, CAE, KTOS, WRAP, CACI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)
How Low Can It Go
| Event | VTSI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -69.5% | -25.4% |
| % Gain to Breakeven | 228.3% | 34.1% |
| Time to Breakeven | 299 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -59.8% | -33.9% |
| % Gain to Breakeven | 148.6% | 51.3% |
| Time to Breakeven | 279 days | 148 days |
| 2018 Correction | ||
| % Loss | -66.7% | -19.8% |
| % Gain to Breakeven | 200.0% | 24.7% |
| Time to Breakeven | 594 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.0% | -56.8% |
| % Gain to Breakeven | 900.0% | 131.3% |
| Time to Breakeven | 307 days | 1,480 days |
Compare to AXON, CAE, KTOS, WRAP, CACI
In The Past
VirTra's stock fell -69.5% during the 2022 Inflation Shock from a high on 10/12/2021. A -69.5% loss requires a 228.3% gain to breakeven.
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About VirTra (VTSI)
AI Analysis | Feedback
Peloton for law enforcement and military training.
AI Analysis | Feedback
VirTra (VTSI) provides the following major products and services:
- V-300 simulator: A 300-degree wrap-around screen simulator designed for immersive training scenarios.
- V-180 simulator: A 180-degree screen simulator suitable for training in smaller spaces or with limited budgets.
- V-100 simulator: A single-screen firearms training simulator system.
- V-100 MIL simulator: A single-screen small arms training simulator tailored for military applications.
- V-ST PRO simulator: A realistic single-screen simulator focused on firearms shooting and skills training.
- VirTra Driving Sim: A vehicle-based simulator used for driver training.
- Virtual Interactive Coursework Training Academy (V-VICTA): A platform enabling law enforcement agencies to teach, train, test, and sustain departmental training.
- Subscription Training Equipment Partnership (STEP): A program allowing agencies to utilize VirTra's simulators, accessories, and V-VICTA coursework on a subscription basis.
- V-Author software: Software that empowers users to create, edit, and train with content specific to their agency's objectives.
- Simulated Recoil Kits/Weapons: A range of accessories providing realistic simulated recoil for various training weapons.
- Threat-Fire: A return fire device that applies real-world stress to trainees during simulation exercises.
- TASER, OC Spray, and Low-Light Training Devices: Specialized devices for training with TASERs, OC spray, and for low-light scenario instruction.
AI Analysis | Feedback
VirTra (VTSI) primarily sells its products and services to organizations rather than individuals. Its major customers fall into the following categories: * Law Enforcement Agencies: This includes federal, state, and local police departments, sheriff's offices, and other governmental law enforcement bodies. * Military Organizations: Various branches and units of armed forces worldwide utilize VirTra's simulators for training. * Educational Institutions: This market segment includes police academies, colleges, and universities that offer law enforcement or security training programs. * Commercial Markets: This category can include private security firms, corporate training departments, and other commercial entities requiring specialized simulation training. Due to the nature of these customers, which are predominantly governmental entities, military branches, and educational institutions, VirTra does not typically disclose the names of specific "customer companies" with public stock symbols.AI Analysis | Feedback
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John Givens, Chief Executive Officer, Chairman of the Board
John Givens is the Chief Executive Officer of VirTra and will assume the role of Chairman of the Board effective July 12, 2024. He joined VirTra's board of directors in November 2020, became co-CEO in May 2022, and then sole CEO in August 2023. Prior to VirTra, Mr. Givens founded Bohemia Interactive Simulations Inc. (BISim) in 2010. Under his leadership, BISim grew to become a widely utilized simulation product across U.S. and allied military forces, and it was acquired by BAE Systems plc in 2022 for $200 million. He previously introduced game-based training to the U.S. Army and DOD by creating a gaming group within the Army Solutions Division of General Dynamics.
Alanna Boudreau, Chief Financial Officer
Alanna Boudreau serves as the Chief Financial Officer of VirTra. No specific background information regarding founding or managing other companies, selling companies, or a pattern of managing private equity-backed companies was readily available in the provided search results.
Bob Ferris, Executive Chairman, Founder
Bob Ferris is the founder of VirTra, having established the company as Ferris Productions in 1993. Following the September 11, 2001, terrorist attacks, he pivoted the company's focus to simulation training for law enforcement and military. He served as CEO and later as Executive Chairman. Mr. Ferris will transition from Executive Chairman and director to a member of VirTra's Advisory Board effective July 12, 2024. He is recognized as a pioneer in the simulation industry and was inducted into The National Center for Simulation Hall of Fame.
Brandon Cox, Chief Technology Officer
Brandon Cox became the Chief Technology Officer of VirTra on August 12, 2024. He brings over 20 years of experience in immersive 3D virtual training environments, cloud products, and data analytics. Previously, Mr. Cox was a technical leader at Amazon and AWS for seven years and served as Senior Director of Software Development and DevOps at Bohemia Interactive Simulations.
Grant Barber, Independent Director, Chair of Audit Committee
Grant Barber is an experienced financial executive who has been elected to VirTra's board as an Independent Director and will chair the Audit Committee. He has held CFO, COO, and Board Director roles in both domestic and international markets. His previous positions include Executive Vice President & CFO of Hughes Communications, Inc. and Executive Vice President & CFO of Acterna, Inc. Mr. Barber also has prior board experience with Eningen Realty, Inc., CIG Wireless Corp., and Cloudbolt Software, Inc., and is an active investor in several private companies.
AI Analysis | Feedback
The key risks to VirTra's (VTSI) business are primarily linked to its reliance on government spending, intense market competition, and operational execution challenges.
1. Reliance on Government Funding and Budget Cycles
VirTra's revenue is heavily dependent on government funding cycles and public safety grants, particularly from law enforcement and military agencies. This reliance introduces significant volatility, as delays or fluctuations in federal funding can directly lead to substantial declines in revenue. For example, a 29% year-over-year drop in revenue was reported in Q3 2025, largely attributed to slower federal funding cycles. This dependency makes VirTra's financial performance susceptible to the unpredictable nature of public budgeting processes.
2. Intense Competition and Threat of Substitutes
VirTra operates in a competitive market for simulation training, facing rivals such as Ti Training, Laser Shot, Arotech, Inveris, MILO, L3Harris Technologies Inc., and CAE Inc. Beyond direct competitors, the company also contends with the threat of substitutes. Traditional live-fire and force-on-force training remain viable alternatives for agencies, and cheaper, less immersive virtual reality (VR) solutions can fulfill basic training requirements, especially for smaller departments with tighter budgets. To maintain its competitive edge and technological moat, VirTra must consistently invest heavily in research and development.
3. Operational and Execution Risks
VirTra faces several operational and execution risks that could impact its business stability and growth. These include material weaknesses in financial controls, which have been identified, and a prior restatement of Q1 2024 revenue due to an accounting software implementation issue. The company also experiences longer sales cycles in international markets, which can delay revenue recognition despite growing pipelines. Furthermore, a high concentration of its revenue (approximately 80%) comes from U.S. law enforcement agencies, increasing its vulnerability to specific budget cuts or funding delays within that sector. Historically, VirTra has also shown a low Return on Capital Employed (ROCE) of around 2.3% over the past five years, indicating that increased capital deployment has not consistently translated into higher returns.
AI Analysis | Feedback
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AI Analysis | Feedback
VirTra (VTSI) operates in several addressable markets related to simulation and training for law enforcement, military, and commercial sectors.
The global Use-of-Force Training Simulators market was valued at approximately USD 1.41 billion in 2024. This market is projected to grow to USD 2.78 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 7.8% from 2025 to 2033. North America is a dominant region within this market, accounting for an estimated USD 570 million in revenues in 2024.
For the broader Police and Military Simulation Training Market, which encompasses many of VirTra's offerings, the global market was valued at approximately USD 13.67 billion in 2024, growing to USD 14.28 billion in 2025, and is expected to reach USD 20.25 billion by 2033 with a CAGR of 4.46% from 2025 to 2033. Another estimate indicates a global market size of USD 13,800.70 million in 2025, expanding to USD 18,563.29 million by 2032 at a CAGR of 4.3%.
The global Indoor Shooting Simulator market, which includes firearms training simulators, was estimated at USD 440.4 million in 2023. It is projected to grow at a CAGR of 4.7% to reach USD 608.6 million by 2030. The police segment alone within this market had a valuation of USD 109 million in 2022.
The global Driving Simulator market was valued at USD 2.1 billion in 2023 and is estimated to reach USD 4.2 billion by 2033, growing at a CAGR of 7.3% from 2024 to 2033. Another source states the global driving simulator market size was estimated at USD 2.16 billion in 2024 and is projected to reach USD 2.98 billion by 2030, growing at a CAGR of 5.6% from 2025 to 2030.
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VirTra (VTSI) is poised for future revenue growth over the next 2-3 years, driven by several key factors:
- Conversion of Strong Backlog and Bookings: VirTra has demonstrated strong bookings and a growing backlog, indicating a pipeline of future revenue. The company reported a 15% year-over-year revenue growth for Q2 2025, with bookings rising to $4.6 million, up from $3.6 million in Q2 2024. As of September 30, 2024, the backlog totaled $15.2 million, and by Q3 2025, it increased to $21.9 million. These secured contracts are expected to convert into recognized revenue in upcoming periods, supporting sustained growth.
- International Market Expansion: International revenue is a significant growth area for VirTra. The company's international revenue more than doubled in Q3 2025, reaching $1.2 million compared to $0.4 million in the previous year, with notable growth in markets such as Canada and Colombia. VirTra has also restructured its sales team to include a dedicated international sales force, expecting higher close rates as international budgets are approved.
- Growth of Subscription Training Equipment Partnership (STEP) Program: The Subscription Training Equipment Partnership (STEP) program is a crucial driver of recurring revenue for VirTra. This program has shown high renewal rates and consistent adoption, contributing to a stable and predictable revenue base. The success of the STEP program underscores its value proposition and its role in the company's financial stability.
- Launch and Expansion of New Products and Technologies: VirTra continues to innovate and introduce new products that are expected to drive future revenue. The V-XR platform is identified as a long-term growth driver, with plans to enhance its compatibility across various XR headsets to broaden market appeal. Additionally, the company launched the V-One Portable Simulator and the APEX analytics platform, which are anticipated to contribute to revenue growth. VirTra also demonstrates commitment to innovation by showcasing next-generation drone defense marksmanship training.
- Stabilization of Federal Funding: Although federal funding delays have posed challenges, VirTra's management anticipates a stabilization of federal funding within the next two quarters. This stabilization is expected to accelerate the conversion of orders and enhance revenue generation, particularly from the government sector. The company is positioned to support agencies as funding gains velocity.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- VirTra's stock repurchase program remained suspended from July 20, 2021, through at least March 2023, following the forgiveness of a PPP loan.
Share Issuance
- The number of outstanding common shares has increased over the last few years, from 10,807,130 shares as of December 31, 2021, to 11,300,607 shares as of November 5, 2025.
- During 2023, approximately 206,471 shares were issued, increasing the total outstanding common shares from 10,900,759 at December 31, 2022, to 11,107,230 at December 31, 2023.
- Share issuances in 2024 and 2025 included grants of common stock upon settlement of restricted stock units to employees and the Chief Financial Officer.
Capital Expenditures
- On August 25, 2021, VirTra purchased an industrial building of approximately 76,650 square feet in Chandler, Arizona. This acquisition aimed to support expected growth in simulator and recoil kit development and production, training content creation, and to enhance efficiency through centralization.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| VirTra Earnings Notes | 12/16/2025 | |
| VirTra Stock Fell 7.6% in a Day, What Now? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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| 03272026 | PATK | Patrick Industries | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 3.4% | 3.4% | -1.6% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.87 |
| Mkt Cap | 10.0 |
| Rev LTM | 2,063 |
| Op Inc LTM | 14 |
| FCF LTM | 38 |
| FCF 3Y Avg | 90 |
| CFO LTM | 108 |
| CFO 3Y Avg | 147 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.5% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 13.8% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Mgn LTM | 2.0% |
| Op Mgn 3Y Avg | 6.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 9.7% |
| FCF/Rev LTM | 2.9% |
| FCF/Rev 3Y Avg | 5.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.0 |
| P/S | 5.2 |
| P/EBIT | 56.5 |
| P/E | 94.9 |
| P/CFO | 9.2 |
| Total Yield | 0.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.3% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.0% |
| 3M Rtn | -14.8% |
| 6M Rtn | -30.8% |
| 12M Rtn | 13.6% |
| 3Y Rtn | 52.3% |
| 1M Excs Rtn | -9.2% |
| 3M Excs Rtn | -8.4% |
| 6M Excs Rtn | -28.8% |
| 12M Excs Rtn | -15.9% |
| 3Y Excs Rtn | -8.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Simulators and accessories | 22 | 24 | 19 | 14 | 14 |
| Design & Prototyping | 7 | 0 | |||
| Extended service-type warranties | 4 | 3 | 3 | 3 | 2 |
| Subscription Training Equipment Partnership (STEP) | 4 | ||||
| Customized software and content | 1 | 1 | 1 | 2 | 2 |
| Installation and training | 1 | 1 | 1 | 1 | 1 |
| Licensing and royalties | 0 | 0 | 0 | 0 | |
| Total | 39 | 28 | 24 | 19 | 19 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate Assets | 38 | ||||
| Simulators and accessories | 30 | ||||
| Subscription Training Equipment Partnership (STEP) | 1 | ||||
| Design & Prototyping | 1 | ||||
| Customized software and content | 0 | ||||
| Extended service-type warranties | 0 | ||||
| Installation and training | 0 | ||||
| Total | 70 |
Price Behavior
| Market Price | $3.78 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -48.2% | |
| 50 Days | 200 Days | |
| DMA Price | $4.38 | $5.29 |
| DMA Trend | down | down |
| Distance from DMA | -13.6% | -28.6% |
| 3M | 1YR | |
| Volatility | 55.9% | 71.2% |
| Downside Capture | 1.38 | 1.10 |
| Upside Capture | 225.72 | 119.08 |
| Correlation (SPY) | 45.3% | 21.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.56 | 1.88 | 2.12 | 1.83 | 0.75 | 0.97 |
| Up Beta | 4.37 | 5.61 | 3.87 | 2.64 | 0.19 | 0.35 |
| Down Beta | 1.52 | 1.70 | 1.67 | 1.69 | 0.76 | 1.26 |
| Up Capture | 299% | 166% | 287% | 158% | 136% | 130% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 14 | 25 | 55 | 111 | 331 |
| Down Capture | 106% | 130% | 151% | 163% | 123% | 106% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 26 | 36 | 67 | 132 | 399 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VTSI | |
|---|---|---|---|---|
| VTSI | -14.1% | 71.0% | 0.07 | - |
| Sector ETF (XLY) | 9.1% | 23.7% | 0.31 | 20.7% |
| Equity (SPY) | 16.1% | 19.0% | 0.67 | 20.4% |
| Gold (GLD) | 50.5% | 28.0% | 1.46 | -4.4% |
| Commodities (DBC) | 16.2% | 17.7% | 0.77 | 6.3% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 5.6% |
| Bitcoin (BTCUSD) | -21.5% | 44.0% | -0.42 | 22.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VTSI | |
|---|---|---|---|---|
| VTSI | -3.9% | 74.1% | 0.25 | - |
| Sector ETF (XLY) | 6.3% | 23.7% | 0.23 | 17.5% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 15.5% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | -3.9% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 2.9% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 9.4% |
| Bitcoin (BTCUSD) | 3.9% | 56.5% | 0.29 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VTSI | |
|---|---|---|---|---|
| VTSI | -4.8% | 75.7% | 0.24 | - |
| Sector ETF (XLY) | 12.0% | 21.9% | 0.50 | 16.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 14.1% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | -3.3% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 5.3% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 9.5% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 5.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/26/2026 | -15.7% | -14.7% | |
| 11/10/2025 | -7.9% | -8.3% | -10.1% |
| 8/11/2025 | -25.0% | -22.3% | -23.4% |
| 3/27/2025 | -17.3% | -14.4% | -19.1% |
| 11/12/2024 | 22.9% | 11.1% | 5.0% |
| 8/12/2024 | -4.5% | -3.6% | -15.0% |
| 4/1/2024 | 37.7% | 40.5% | 65.2% |
| 11/14/2023 | 14.2% | 30.9% | 47.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 7 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 18.7% | 11.3% | 21.5% |
| Median Negative | -7.8% | -12.8% | -10.2% |
| Max Positive | 66.7% | 47.8% | 65.2% |
| Max Negative | -25.0% | -28.0% | -23.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-Q |
| 03/31/2022 | 08/11/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Givens, John F Ii | Chief Executive Officer | Direct | Buy | 11192025 | 4.92 | 22 | 108 | 1,616,639 | Form |
| 2 | Givens, John F Ii | Chief Executive Officer | Direct | Buy | 11182025 | 4.73 | 4,217 | 19,967 | 1,551,180 | Form |
| 3 | Givens, John F Ii | Chief Executive Officer | Direct | Buy | 11182025 | 4.99 | 400 | 1,996 | 1,636,745 | Form |
| 4 | Givens, John F Ii | Chief Executive Officer | Direct | Buy | 11182025 | 4.93 | 361 | 1,780 | 1,618,917 | Form |
| 5 | Boudreau, Alanna | Chief Financial Officer | Direct | Buy | 11142025 | 4.89 | 5,000 | 24,474 | 71,341 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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