Short answer
VIRCO MFG CORPORATION (VIRC) filed its Q2 2026 10-Q quarterly report on Jun 3, 2026 for the quarter ended Apr 30, 2026. Quarterly revenue was $31M (down 9.1% year over year) with net income of −$3M.
Q2 2026 key financials · XBRL
- Revenue
- $31M
- −9.1% YoY
- Net income
- −$3M
- −479.4% YoY
- Operating margin
- -11.9%
- Gross margin
- 41.4%
- EPS (diluted)
- −$0.18
- −460.0% YoY
Source: XBRL data from the VIRCO MFG CORPORATION (VIRC) Q2 2026 10-Q on SEC EDGAR. USD.
VIRCO MFG CORPORATION Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $30.7M, down $3.1M or 9.1% YoY
- Gross margin 41.4% vs 47.5% YoY; net loss $2.8M vs $0.7M net income
- Material costs 31.9% of sales vs 29.8% YoY, reflecting Middle East conflict effects
- Operating cash flow use improved $9.7M YoY; inventory down $5.7M
- Backlog comparable YoY; tariff, energy, transportation, and school-budget uncertainty headwinds
Risk Factors
- No material risk-factor changes from the January 31, 2026 Form 10-K
- Liquidity risk from Credit Agreement limits on annual share repurchases and cash dividends
- Capital-allocation risk from discretionary repurchases subject to stock price, trading volume, and market conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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