Virco Full-Year Net Income Falls to $2.6 Million on Revenue of $199.7 Million
Virco reported fiscal 2026 net income of $2.6 million on revenue of $199.7 million, compared with $21.6 million and $266.2 million in fiscal 2025. Fourth-quarter revenue fell 8.1% to $26.2 million and the operating loss widened to $9.9 million, and the company said shipments plus backlog were about 3% lower than a year earlier. The company also said incoming order rates were up by low double digits, and it does not present these metrics as guidance.
Key points
- Full-year net income was $2.6 million, or $0.16 per diluted share, versus $21.6 million, or $1.32 per diluted share, in fiscal 2025.
- Fourth-quarter revenue was $26.2 million, down 8.1% from $28.5 million, and the operating loss was $9.9 million versus $8.1 million a year earlier.
- Shareholder distributions totaled $5.6 million, including $1.6 million in dividends and $4.0 million in share repurchases; cash ended the year at $14.4 million.
- As of April 8, 2026, shipments plus backlog were about 3% lower than last year, while incoming order rates were running ahead of the prior year by low double digits.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.