Virtuix Holdings (Direct Listing)
| General Information | |
| Business: | Note: This is NOT an IPO. This is a NASDAQ Direct Listing. No new stock is being offered. Existing shareholders are selling stock. No underwriters are involved in a direct listing. Maxim Group is the financial advisor.We develop treadmills for Virtual Reality (VR) and Augmented Reality (AR) gaming as well as for fitness.Note: Revenue is for the 12 months that ended Sept. 30, 2025.Virtuix pioneers movement in AI-generated worlds, real or imaginary. We are the creator of “Omni,” the premier brand of omni-directional treadmills that let players walk and run in 360 degrees inside virtual reality (“VR”) games, digital twins, and other applications, positioning us at the intersection of gaming, fitness and enterprise VR. To date, we’ve brought three products to market and generated over $20 million in sales. We target a gross margin of 40% (40 percent) on our hardware products, supplemented by recurring revenues from software sales and subscriptions. We increased quarterly revenue 4x from the first quarter to the fourth quarter of fiscal year 2025 (primarily resulting from recognizing Omni One preorder sales).ProductsOur “Omni” line of omni-directional treadmills consists of various products that target a variety of industries:Omni Pro, the original Omni, is our commercial-grade treadmill launched in 2016 for enterprise use in arcades, VR centers, corporations, and research institutions. We have shipped over 4,000 Omni Pro units to more than 45 countries worldwide. Following the launch of Omni One in 2024, we stopped production and sales of Omni Pro.Omni Arena launched in 2019 as a turnkey attraction for the out-of-home entertainment industry. The attraction comprises four Omni Pro treadmills for multiplayer gaming and features weekly esports prize contests. We’ve installed 80 Omni Arena systems at entertainment centers in the United States (“U.S.”) and built a player base of over 500,000 players who signed up with an email address to play. Several players have paid to play the attraction more than 300 times. Following our shift in research and development (“R&D”) and marketing efforts to Omni One, we stopped producing and selling new Omni Arena systems in 2025, but we continue to service existing customers and earn recurring revenues through the sale of Omni Care maintenance services, Omniverse game credits, and replacement parts. We also facilitate and earn profits on secondary sales of Omni Arena systems.Omni One is our latest product and our most advanced treadmill yet, supporting full freedom of movement including crouching, kneeling, and jumping. It’s a compact device that is easy to assemble and disassemble, and it can be moved around using its wheels. We sell Omni One in three different versions: the complete Omni One system, Omni One Core, and Omni One Enterprise. We officially launched Omni One in September 2024, and by September 2025, we shipped the first 1,800 units to customers, resulting in revenues of over $4,000,000. In addition to hardware sales, we earn recurring revenues from the sale of Omni One games and from monthly subscriptions to Omni Online (priced at $14/month), Omni One’s service that allows customers to play online multiplayer games. During checkout, approximately 50% of Omni One customers purchase an annual subscription to Omni Online.Virtual Terrain Walk (“VTW”) is our multi-user system for next-generation mission planning in the defense industry. VTW lets soldiers move physically in 360 degrees inside geo-specific virtual environments, without boundaries, for ground combat planning and leader rehearsals. The geo-specific virtual environments are digital twins of real-world environments, created by converting drone and other camera footage into photorealistic 3D scenes via Gaussian splatting and other AI-driven 3D reconstruction techniques. VTW is currently in development. YokoWERX, an innovation cell of the U.S. Air Force, purchased two prototype stations for experimentation purposes. We aim to present a proof-of-concept of VTW to potential customers by calendar year-end 2025, although we expect that meaningful sales of VTW in the defense sector may not materialize until fiscal year 2027 at the earliest. Despite the long sales cycle for penetrating the defense market, we believe that VTW will retain a strong competitive moat because of our expansive omni-directional treadmill patent portfolio, our position as a U.S. company, and the inherent barriers to entry for defense applications that competitors will face, including multi-year procurement cycles and high switching costs.Note: Net loss and revenue are for the 12 months that ended Sept. 30, 2025.(Note: Virtuix Holdings Inc. filed its plan for a NASDAQ Direct Listing in an S-1 filing on Dec. 30, 2025, with respect to the registration of the resale of up to 34.21 million shares (34,213,618 shares) of its Class A common stock by its stockholders.).11500 Metric Blvd, Suite 430, Austin, Texas 78758. Our telephone number is (512) 947-9029 and our website address is www.virtuix.com
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| Industry: | Consumer Products - Gaming |
| Employees: | |
| Founded: | 2013 |
| Contact Information | |
| Address | 11500 Metric Blvd, Suite 430, Austin, Texas 78758 |
| Phone Number | 512) 947-9029 |
| Web Address | http://www.virtuix.com/ |
| View Prospectus: | Virtuix Holdings (Direct Listing) |
| Financial Information | |
| Market Cap | |
| Revenues | $4.76 mil (last 12 months) |
| Net Income | $-8.76 mil (last 12 months) |
| IPO Profile | |
| Symbol | VTIX |
| Exchange | NASDAQ |
| Shares (millions): | 34.2 |
| Price range | $0.00 - $0.00 |
| Est. $ Volume | $0.0 mil |
| Manager / Joint Managers | Maxim Group (Financial Advisor) |
| CO-Managers | |
| Expected To Trade: | |
| Status: | TBA |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |