VirTra, Inc. announced its financial results for the second quarter and six months ended June 30, 2025, on August 11, 2025. Total revenue for the second quarter increased 15% year-over-year to $7.0 million, driven by higher capital deliveries and stable recurring revenue from STEP and service contracts. For the first six months of 2025, total revenue grew 5% to $14.1 million compared to the prior year period.
The company reported a net income of $0.2 million, or $0.02 per diluted share, for Q2 2025, compared to $1.2 million, or $0.11 per diluted share, in Q2 2024. Operating income for the quarter was $0.9 million, down from $1.1 million in the prior year. Gross profit for Q2 was $4.8 million, representing 69% of total revenue, a decrease from 91% in Q2 2024, attributed to a higher mix of capital sales and capitalized development work in the prior year.
Net operating expense for the second quarter decreased 11% to $3.9 million, reflecting disciplined cost management. Cash and cash equivalents increased to $20.7 million at June 30, 2025, up from $17.6 million at March 31, 2025, and the backlog stood at $18.8 million. A positive development noted by management is the reopening of the Department of Justice COPS grant program, which is expected to stimulate demand as agencies pursue available funding.
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