Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs. It also provides activity, butcher block, folding, office, technology, mobile tables, mobile storage equipment, and student and teacher desks; desks and workstations and instructor media stations and towers; chair desks and combo units, tablet arm, mobile workstations, student desks, and returns and credenzas; and computer furniture solutions. In addition, the company provides administrative office furniture, including desks, returns, bookcases, and other items, as well as steel storage cabinets, wardrobe tower cabinets, file credenzas, and mobile pedestals; laboratory furniture comprising steel-based science tables, table bases, lab stools, and wood-frame science tables; mobile furniture, such as mobile tables, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, and stackable storage trucks. It serves public and private educational institutions, charter schools, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealers' network. Virco Mfg. Corporation was founded in 1950 and is headquartered in Torrance, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $200M | $10M | $3M | $-7M | 2.4% | -25.0% | -88.1% |
| 2025 | $266M | $34M | $22M | $27M | 19.8% | -1.1% | -1.2% |
| 2024 | $269M | $37M | $22M | $22M | 24.0% | 16.5% | 32.4% |
| 2023 | $231M | $15M | $17M | $-7M | 24.3% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 231.06 | 269.12 | 266.24 | 199.65 |
| Operating Revenue | - | 231.06 | 269.12 | 266.24 | 199.65 |
| Cost Of Revenue | - | 145.72 | 153.06 | 151.55 | 118.41 |
| Gross Profit | - | 85.34 | 116.06 | 114.69 | 81.24 |
| Operating Expense | - | 74.70 | 84.18 | 86.84 | 77.58 |
| Selling General And Administration | - | 74.70 | 82.88 | 85.54 | 76.08 |
| Total Expenses | - | 220.42 | 237.24 | 238.38 | 195.99 |
| Operating Income | - | 10.64 | 31.88 | 27.86 | 3.66 |
| Total Operating Income As Reported | - | 10.64 | 31.88 | 27.86 | 3.66 |
| EBITDA | - | 14.56 | 37.02 | 34.46 | 9.90 |
| Normalized EBITDA | - | 14.37 | 35.97 | 33.10 | 9.66 |
| EBIT | - | 10.02 | 31.92 | 28.77 | 3.76 |
| Interest Expense | - | 1.98 | 2.68 | 0.35 | 0.30 |
| Net Interest Income | - | -1.98 | -2.68 | -0.35 | -0.30 |
| Other Non Operating Income Expenses | - | -0.82 | -1.01 | -0.45 | -0.14 |
| Other Income Expense | - | -0.62 | 0.04 | 0.91 | 0.10 |
| Interest Expense Non Operating | - | 1.98 | 2.68 | 0.35 | 0.30 |
| Net Non Operating Interest Income Expense | - | -1.98 | -2.68 | -0.35 | -0.30 |
| Pretax Income | - | 8.04 | 29.24 | 28.42 | 3.46 |
| Tax Provision | - | -8.50 | 7.33 | 6.78 | 0.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.04 | 0.26 | 0.33 | 0.06 |
| Net Income Continuous Operations | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income From Continuing And Discontinued Operation | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income Common Stockholders | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income Including Noncontrolling Interests | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Normalized Income | - | 16.39 | 21.12 | 20.60 | 2.39 |
| Diluted NI Availto Com Stockholders | - | 16.55 | 21.91 | 21.64 | 2.57 |
| Basic Average Shares | 15.95 | 16.14 | 16.30 | 16.36 | - |
| Diluted Average Shares | 15.95 | 16.19 | 16.39 | 16.37 | - |
| Reconciled Depreciation | - | 4.54 | 5.10 | 5.69 | 6.14 |
| Reconciled Cost Of Revenue | - | 145.72 | 149.26 | 147.16 | 113.77 |
| Total Unusual Items | - | 0.19 | 1.05 | 1.36 | 0.24 |
| Total Unusual Items Excluding Goodwill | - | 0.19 | 1.05 | 1.36 | 0.24 |
| Special Income Charges | 0 | - | - | - | - |
| Gain On Sale Of Security | - | 0.19 | 1.05 | 1.36 | 0.24 |
| Depreciation Amortization Depletion Income Statement | - | - | 1.30 | 1.30 | 1.50 |
| Depreciation And Amortization In Income Statement | - | - | 1.30 | 1.30 | 1.50 |
| General And Administrative Expense | - | 74.70 | 82.88 | 85.54 | 76.08 |
| Other Gand A | - | 74.70 | 82.88 | 85.54 | 76.08 |
| Salaries And Wages | 2.20 | 0.82 | 1.01 | - | - |
| Gain On Sale Of Ppe | 0 | - | - | - | - |
| Depreciation Income Statement | - | - | 1.30 | 1.30 | 1.50 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Virco Mfg. Corporationthis co. | VIRC | $90M | 34.85 | 0.84 | 2.4% | 11.66 |
| Bassett Furniture Industries, Incorporated | BSET | $125M | 20.54 | 0.76 | 3.7% | 9.80 |
| American Outdoor Brands, Inc. | AOUT | $125M | -1626.00 | 0.70 | -0.0% | 10.29 |
| Clarus Corporation | CLAR | $110M | -2.36 | 0.56 | -23.7% | -5.90 |
| Faraday Future Intelligent Electric Inc. | FFAI |
| - |
| - |
| - |
| - |
| - |
| $101M |
| -0.26 |
| -3.70 |
| 1429.1% |
| -0.57 |
| Lakeland Industries, Inc. | LAKE | $98M | - | 0.76 | -19.6% | - |
| Gambling.com Group Limited | GAMB | $85M | -2.57 | 0.78 | -30.5% | -18.51 |
| BARK, Inc. | BARK | $83M | -2.53 | 0.83 | -33.0% | -3.93 |
| America's Car-Mart, Inc. | CRMT | $65M | 3.63 | 0.11 | 3.1% | 8.91 |
| Peer Median | - | -2.36 | 0.73 | -9.8% | -0.57 | |