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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total 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 | 86.83 | 77.58 |
| Operating Income | 10.64 | 31.88 | 27.86 | 3.66 |
| EBITDA | 14.56 | 37.02 | 34.46 | 9.90 |
| EBIT | 10.02 | 31.92 | 28.77 | 3.76 |
| Pretax Income | 8.04 | 29.24 | 28.42 | 3.46 |
| Tax Provision | -8.50 | 7.33 | 6.78 | 0.90 |
| Net Income | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income Common Stockholders | 16.55 | 21.91 | 21.64 | 2.57 |
| Total Expenses | 220.42 | 237.24 | 238.38 | 195.99 |
| Interest Expense | 1.98 | 2.68 | 0.35 | 0.30 |
| Selling General And Administration | 74.70 | 82.88 | 85.53 | 76.08 |
| Normalized EBITDA | 14.37 | 35.97 | 33.10 | 9.66 |
| Normalized Income | 16.39 | 21.12 | 20.60 | 2.39 |
| Basic EPS | 1.03 | 1.34 | 1.32 | 0 |
| Diluted EPS | 1.02 | 1.34 | 1.32 | 0 |
| Tax Effect Of Unusual Items | 0.04 | 0.26 | 0.33 | 0.06 |
| Tax Rate For Calcs | 0.21 | 0.25 | 0.24 | 0.26 |
| Total Unusual Items | 0.19 | 1.05 | 1.36 | 0.24 |
| Total Unusual Items Excluding Goodwill | 0.19 | 1.05 | 1.36 | 0.24 |
| Net Income From Continuing Operation Net Minority Interest | 16.55 | 21.91 | 21.64 | 2.57 |
| Reconciled Depreciation | 4.54 | 5.10 | 5.69 | 6.14 |
| Reconciled Cost Of Revenue | 145.72 | 149.26 | 147.16 | 113.77 |
| Net Interest Income | -1.98 | -2.68 | -0.35 | -0.30 |
| Net Income From Continuing And Discontinued Operation | 16.55 | 21.91 | 21.64 | 2.57 |
| Total Operating Income As Reported | 10.64 | 31.88 | 27.86 | 3.66 |
| Diluted Average Shares | 16.19 | 16.39 | 16.37 | 0 |
| Basic Average Shares | 16.14 | 16.30 | 16.36 | 0 |
| Diluted NI Availto Com Stockholders | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income Including Noncontrolling Interests | 16.55 | 21.91 | 21.64 | 2.57 |
| Net Income Continuous Operations | 16.55 | 21.91 | 21.64 | 2.57 |
| Other Income Expense | -0.62 | 0.04 | 0.91 | 0.10 |
| Other Non Operating Income Expenses | -0.82 | -1.01 | -0.45 | -0.14 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0.19 | 1.05 | 1.36 | 0.24 |
| Net Non Operating Interest Income Expense | -1.98 | -2.68 | -0.35 | -0.30 |
| Interest Expense Non Operating | 1.98 | 2.68 | 0.35 | 0.30 |
| Depreciation Amortization Depletion Income Statement | 0 | 1.30 | 1.30 | 1.50 |
| Depreciation And Amortization In Income Statement | 0 | 1.30 | 1.30 | 1.50 |
| Depreciation Income Statement | 0 | 1.30 | 1.30 | 1.50 |
| General And Administrative Expense | 74.70 | 82.88 | 85.53 | 76.08 |
| Other Gand A | 74.70 | 82.88 | 85.53 | 76.08 |
| Salaries And Wages | 0.82 | 1.01 | 0 | 0 |
| Operating Revenue | 231.06 | 269.12 | 266.24 | 199.65 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Virco Mfg. Corporationthis co. | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| Medifast, Inc. | MED | $120M | - | 0.57 | -9.4% | -1515.42 |
| American Outdoor Brands, Inc. | AOUT | $118M | - | 0.70 | -0.0% | 20.74 |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M |
| - |
| 0.64 |
| -67.4% |
| 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M | - | 0.21 | 3.1% | 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Peer Median | - | - | 0.60 | -19.6% | -2.49 | |