VIRC on Nasdaq

VIRCO MFG CORPORATION

American public bldg and related furniture company, incorporated in Delaware1

In its 2026 annual report the company says: “We also sell to wholesalers, distributors, traditional retailers, and catalog retailers that serve these same markets.”4 It is headquartered in Torrance, California.1 Its shares trade on Nasdaq under the symbol VIRC.1

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Last updated Oct 20, 2026.

Overview

$199.7MRevenue, fiscal 20262
$2.6MNet income, fiscal 20262

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  • TickerVIRC on Nasdaq1
  • IndustryPublic Bldg & Related Furniture1
  • HeadquartersTorrance, California1
  • Incorporated inDE3
  • Business address2027 Harpers Way, Torrance, Ca 905013
  • Filer categoryAccelerated filer, Smaller reporting company3

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Along with serving customers in the education market - which in addition to preschool through 12th grade public and private schools includes: junior and community colleges; four-year colleges and universities; trade, technical and vocational schools - Virco is a furniture and equipment supplier for convention centers and arenas; the hospitality industry with respect to banquet and meeting facilities; government facilities at the federal, state, county and municipal levels; and places of worship. We also sell to wholesalers, distributors, traditional retailers, and catalog retailers that serve these same markets.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

40.7%Gross margin2
1.8%Operating margin2
1.3%Net margin2
-25.0%Revenue growth, 20262
2.4%Return on equity2
0.03×Debt to equity2
-$6.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue59¢$118.4M
  • Selling, general and admin39¢$77.6M
  • Interest0¢$300.0K
  • Income tax0¢$895.0K
  • Profit1¢$2.6M

Out of $199.7M in revenue.2

Financial statements

Revenue56789102$199.7M in 2026−1% since 2019
0$100.0M$200.0M$300.0M2019: $200.7M$200.7M20192020: $193.0M$193.0M2020−4%2021: $152.8M$152.8M2021−21%2022: $184.8M$184.8M2022+21%2023: $231.1M$231.1M2023+25%2024: $269.1M$269.1M2024+16%2025: $266.2M$266.2M2025−1%2026: $199.7M$199.7M2026−25%
Gross profit56789102$81.2M in 2026+21% since 2019
0$50.0M$100.0M$150.0M2019: $67.1M$67.1M20192020: $71.7M$71.7M2020+7%2021: $54.9M$54.9M2021−23%2022: $60.9M$60.9M2022+11%2023: $85.3M$85.3M2023+40%2024: $116.1M$116.1M2024+36%2025: $114.7M$114.7M2025−1%2026: $81.2M$81.2M2026−29%
Operating income56789102$3.7M in 2026+57% since 2019
-$10.0M0$10.0M$20.0M$30.0M$40.0M2019: $2.3M$2.3M20192020: $5.9M$5.9M2020+154%2021: $735.0K$735.0K2021−88%2022: -$336.0K-$336.0K20222023: $10.6M$10.6M20232024: $31.9M$31.9M2024+199%2025: $27.9M$27.9M2025−13%2026: $3.7M$3.7M2026−87%
Net income56789102$2.6M in 2026
-$20.0M-$10.0M0$10.0M$20.0M$30.0M2019: -$1.6M-$1.6M20192020: $2.4M$2.4M20202021: -$2.2M-$2.2M20212022: -$15.1M-$15.1M2022+578%2023: $16.5M$16.5M20232024: $21.9M$21.9M2024+32%2025: $21.6M$21.6M2025−1%2026: $2.6M$2.6M2026−88%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-01-312025-01-31
Net sales$199.7M$266.2M
Costs of goods sold$118.4M$151.5M
Gross profit$81.2M$114.7M
Selling, general and administrative expenses$77.6M$86.8M
Operating income$3.7M$27.9M
Unrealized gain on investment in trust account-$239.0K-$1.4M
Pension expense$135.0K$451.0K
Interest expense, net$300.0K$349.0K
Income before income taxes$3.5M$28.4M
Income tax expense$895.0K$6.8M
Net income$2.6M$21.6M
Cash dividends declared per common share:$0.10$0.09
Basic (in dollars per share)$0.16$1.32
Diluted (in dollars per share)$0.16$1.32
Basic (in shares)15.8M shares16.4M shares
Diluted (in shares)15.8M shares16.4M shares

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Corporate structure

VIRCO MFG CORPORATION sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VIRCO MFG CORPORATION

  • Cleveland Capital Management, L.L.C. Filed SCHEDULE 13G/A on VIRCO MFG CORPORATION, latest Jul 24, 2026 (2 filings since Feb 2, 2026)
  • Douglas A. Virtue Filed SCHEDULE 13G/A on VIRCO MFG CORPORATION, latest Feb 17, 2026 (3 filings since Feb 13, 2024)
  • Minerva Advisors LLC Filed SCHEDULE 13G/A on VIRCO MFG CORPORATION, latest Feb 17, 2026 (4 filings since Feb 14, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on VIRCO MFG CORPORATION, latest Jan 21, 2026 (2 filings since Jul 15, 2025)
  • VIRCO MFG CORPORATION Torrance, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VIRCO MFG CORPORATION reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$180.3M2 Jan 31, 2026$177.1M2 Jan 31, 2025+1.8%
Accumulated depreciation$145.7M2 Jan 31, 2026$140.7M2 Jan 31, 2025+3.6%
Property and equipment, net$34.6M2 Jan 31, 2026$36.4M2 Jan 31, 2025−5.1%
Operating-lease assets (leased space)$30.4M2 Jan 31, 2026$35.6M2 Jan 31, 2025−14.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.4M2 Jan 31, 2026$5.3M9 Jan 31, 2024+171.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$56.7M2 Jan 31, 2026$55.6M2 Jan 31, 2025+2.0%
Raw materials$14.7M2 Jan 31, 2026$14.7M2 Jan 31, 2025+0.3%
Work in process$20.1M2 Jan 31, 2026$21.4M2 Jan 31, 2025−6.0%
Finished goods$21.9M2 Jan 31, 2026$19.6M2 Jan 31, 2025+11.9%

Properties, in its own words

Torrance, California

Virco leases a 560,000 sq. ft. office, manufacturing and warehousing facility located on 23.5 acres of land in Torrance, California. This facility is occupied under a lease expiring on September 30, 2030. This facility also includes the corporate headquarters, the West Coast showroom, and all West Coast distribution operations.

The rest of Item 2

Conway, Arkansas

The Company owns 100 acres of land in Conway, Arkansas, containing 1.2 million sq. ft. of manufacturing, warehousing and office space. This facility - which is equipped with high-density storage systems, features 70 dock doors dedicated to outbound freight, and has substantial yard capacity to store and stage trailers - has enabled the Company to consolidate the warehousing function and implement the Assemble-to-Ship inventory stocking program. Management believes that this facility supports Virco's ability to handle increased sales during the peak delivery season and enhances the efficiency with which orders are filled. This facility and the underlying real estate, along with the rest of the Company’s assets, secure the Company’s obligations under its credit facility.

In addition to the complex described above, the Company operates two other facilities in Conway, Arkansas. The first is a 375,000 sq. ft. fabrication facility that was acquired in 1954 and expanded and modernized over subsequent years. The Company manufactures fabricated steel components, chrome plates, and fabricates injection-molded plastic components at this

facility. These components are transferred to other facilities for assembly into finished goods. The second is a 175,000 sq. ft. manufacturing facility that is used to fabricate and store compression-molded components. This building was occupied under a series of leases for approximately 20 years. In August 2017, the Company purchased this building.

Item 2 of the 10-K filed Apr 8, 2026.4

Leadership

Who has led VIRCO MFG CORPORATION, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert A. Virtue2006–now

Chair

  1. Robert A. Virtue2006–2022

President

  1. Robert A. Virtue2006–2022

Chief operating officer

  1. Jerry Scott Bell2016–2024
2010201520202025
Board members and other officers (27)

Timeline

  1. Sep 4, 20268-K Results of operations; Regulation FD disclosure41
  2. Jun 17, 20268-K Shareholder vote42
  3. Jun 3, 20268-K Results of operations; Regulation FD disclosure43
  4. Apr 8, 20268-K Results of operations44
  5. Mar 9, 20268-K Regulation FD disclosure45
  6. Dec 8, 20258-K Results of operations; Regulation FD disclosure46
  7. Sep 5, 20258-K Results of operations; Regulation FD disclosure47
  8. Jun 20, 20258-K Executive or director change; Shareholder vote48
  9. Jun 6, 20258-K Results of operations; Change of auditor; Regulation FD disclosure49
  10. Apr 14, 20258-K Results of operations50
  11. Mar 12, 20258-K Executive or director change; Regulation FD disclosure51
  12. Jan 21, 20258-K Other events52
  13. Jun 27, 2006New chief executive Robert A. Virtue becomes CEO13

Calendar

Coming up

  1. Around Dec 6, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Sep 4, 2026Reported quarterly or annual results41
  2. Jun 3, 2026Reported quarterly or annual results43
  3. Apr 8, 2026Reported quarterly or annual results44
  4. Dec 8, 2025Reported quarterly or annual results46
  5. Sep 5, 2025Reported quarterly or annual results47
  6. Jun 6, 2025Reported quarterly or annual results49
  7. Apr 14, 2025Reported quarterly or annual results50
  8. Dec 9, 2024Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

151 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 67 insider forms, 11 large holders, 16 other. The latest 20:

  1. Sep 15, 20264 EDGAR
  2. Sep 4, 20268-K EDGAR
  3. Sep 4, 202610-Q EDGAR
  4. Jul 31, 20263 EDGAR
  5. Jul 24, 2026SCHEDULE 13G/A EDGAR
  6. Jul 16, 20264 EDGAR
  7. Jul 9, 20264 EDGAR
  8. Jun 30, 20264 EDGAR
  9. Jun 25, 202611-K EDGAR
  10. Jun 24, 20263 EDGAR
  11. Jun 17, 20264 EDGAR
  12. Jun 17, 20264 EDGAR
  13. Jun 17, 20268-K EDGAR
  14. Jun 17, 20264 EDGAR
  15. Jun 17, 20264 EDGAR
  16. Jun 15, 20264 EDGAR
  17. Jun 11, 20264 EDGAR
  18. Jun 3, 202610-Q EDGAR
  19. Jun 3, 20268-K EDGAR
  20. May 4, 2026ARS EDGAR

The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 27 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy3,000$6.10$18.3KForm 4
Jul 16, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy600$6.00$3.6KForm 4
Jul 15, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy5,140$6.00$30.8KForm 4
Jul 9, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy5$6.00$30Form 4
Jul 8, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy8,083$6.00$48.5KForm 4
Jun 29, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy1,400$6.00$8.4KForm 4
Jun 11, 2026VIRTUE ROBERT ACEOBuy4,300$6.22$26.8KForm 4
Jun 9, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy1,314$6.00$7.9KForm 4
Apr 15, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy11,678$6.09$71.1KForm 4
Apr 15, 2026Lind Robert RDirectorBuy500$6.07$3.0KForm 4
Apr 14, 2026VIRTUE DOUGLAS AExecutive Vice PresidentBuy4,349$6.07$26.4KForm 4
Apr 14, 2026VIRTUE ROBERT ACEOBuy2,700$6.22$16.8KForm 4
Apr 13, 2026RICHARDSON BRADLEY CDirectorBuy400$5.63$2.3KForm 4
Apr 10, 2026RICHARDSON BRADLEY CDirectorBuy1,600$5.59$8.9KForm 4
Apr 10, 2026VIRTUE ROBERT ACEOBuy3,300$5.52$18.2KForm 4
Jan 13, 2026VIRTUE ROBERT ACEOBuy2,500$6.32$15.8KForm 4
Jan 7, 2026RICHARDSON BRADLEY CDirectorBuy2,000$6.50$13.0KForm 4
Oct 17, 2025VIRTUE DOUGLAS AExecutive Vice PresidentBuy13,022$7.34$95.6KForm 4
Oct 16, 2025VIRTUE ROBERT ACEOBuy5,000$6.96$34.8KForm 4
Jul 14, 2025VIRTUE ROBERT ACEOBuy2,000$8.15$16.3KForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Robert A. Virtue93$363.2K$374.7K58
2026Bassey Yau67$326.9K$344.9K58
2026Douglas A. Virtue67$329.5K$340.3K58
2026Robert E. Dose$156.8K$162.8K58
2025Chairman & CEO$364.3K$557.1K58
2025Chief Financial Officer (retired)$332.4K$515.8K58
2025President$329.3K$507.7K58
2025Chief Financial Officer$278.4K$438.9K58

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 67. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Minerva Advisors LLC1,535,454$9.4M6.0%+18,002
Dimensional Fund Advisors LP651,036$4.0M0.0%−33,342
Vanguard Capital Management LLC559,313$3.4M0.0%+11,839
American Century Companies Inc432,623$2.7M0.0%−23,043
Renaissance Technologies LLC198,211$1.2M0.0%−10,900
Millennium Management LLC151,215$928.5K0.0%New
BlackRock, Inc.139,987$859.5K0.0%−498,374
Geode Capital Management, LLC119,632$734.8K0.0%−156,600
Bank of New York Mellon Corp103,422$635.0K0.0%−26,370
Jane Street Group, LLC93,674$575.2K0.0%New
Goldman Sachs Group Inc89,360$548.7K0.0%+21,156
Ktf Investments, LLC78,070$479.4K0.0%+50,000
UBS Group AG69,412$426.2K0.0%−166,925
Susquehanna International Group, Llp68,437$420.2K0.0%New
Vanguard Fiduciary Trust Co65,845$404.3K0.0%−3,902
Peapod Lane Capital LLC62,507$383.8K0.3%New
Bridgeway Capital Management, LLC61,526$377.8K0.0%−35,400
Qube Research & Technologies Ltd56,358$346.0K0.0%+11,292
Point72 Asset Management, L.P.48,085$295.2K0.0%New
State Street Corp39,874$245.8K0.0%−144,668
Empowered Funds, LLC39,826$244.5K0.0%No change
Aqr Capital Management LLC36,152$222.0K0.0%−13,653
Two Sigma Investments, LP34,673$212.9K0.0%−14,463
Park Edge Advisors, LLC29,265$179.7K0.0%+146
Ameriprise Financial Inc26,838$164.8K0.0%+272

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How VIRCO MFG CORPORATION is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVIRCO MFG CORPORATION1
  • CIK0000751365
  • Employer ID (EIN)95-16137184
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsJanuary 311
  • Industry code (SIC)2531 Public Bldg & Related Furniture1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2027 Harpers Way, Torrance, CA 905011
  • Mailing addressP O Box 44846, Los Angeles, CA 900441
  • Phone31053304741
  • Shares outstanding15,763,815 as of Sep 4, 202612
  • Public float$101.0M as of Jul 31, 20254
  • AuditorBaker Tilly US LLP, Los Angeles, California PCAOB ID 23; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJun 13, 19951
  • Filings971 in all: 4 (449), 8-K (176), 10-Q (95), SC 13G/A (52), DEF 14A (31), 11-K (26), 10-K (25), 3 (17)1
    All 31 form types

    4/A (15), SC 13G (15), UPLOAD (11), CORRESP (10), S-8 (7), 10-K405 (6), ARS (6), SCHEDULE 13G/A (5), 5 (3), 10-Q/A (2), 144 (2), 25 (2), 8-A12B (2), 8-K/A (2), PRE 14A (2), S-3/A (2), SCHEDULE 13G (2), 8-A12B/A (1), CERTNAS (1), EFFECT (1), S-3 (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Apr 8, 2026
    Quarterly report (10-Q) Sep 4, 2026
    Proxy statement (DEF 14A) May 4, 2026
    Latest 8-K (8-K) Sep 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 Par ValueVIRCThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Apr 8, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks VIRCO MFG CORPORATION names in Item 1A of its 10-K filed Apr 8, 2026: 31 risks under these headings, as written.4

  • RISKS RELATED TO SCHOOL FUNDING
  • Our product sales are significantly affected by education funding, which is a function of tax revenues and general economic conditions. If the economy weakens, funding for education may fail to improve or decrease, which would adversely affect our business and results of operations.
  • Gaps in state budgets may adversely affect our revenue and results of operations.
  • Reduced levels of spending on education may significantly impact spending on furniture and increase price competition in the furniture market. If price competition increases, we may need to reduce our prices to build or maintain our market share, which in turn could lower our profit margins.
  • STRATEGIC AND OPERATIONAL RISKS
  • Our efforts to introduce new products that meet customer requirements may not be successful, which could limit our sales growth or cause our sales to decline.
  • We depend on a global network of outside suppliers for raw materials and components, who may be unable to meet our volume and quality requirements on a timely basis, and we may be unable to obtain alternative sources.
  • Cost and availability of third-party freight can adversely affect our profitability and results of operations.
  • The majority of our sales are priced through one contract, under which we are the exclusive supplier of classroom furniture.
  • We operate in a seasonal business and require significant amounts of working capital through our existing credit facility to fund acquisitions of inventory, fund expenses for freight and classroom delivery and finance receivables during the summer delivery season. Restrictions imposed by the terms of our existing credit facility may limit our operating and financial flexibility, and we are required to meet financial covenants under our credit facility.
  • Rising health care costs could adversely affect the Company’s business and financial results.
  • Natural disasters, public health crises, and other catastrophic or force majeure events could disrupt the Company’s production, supply chains, and broader economic conditions, adversely affecting its results of operations.
The other 21 risks
  • Our recent revenue growth may not be sustainable.
  • INDUSTRY AND ECONOMIC RISKS
  • Increases in basic commodity, raw material and component costs could adversely affect our profitability.
  • We are affected by the cost of petroleum-based products and increases in petroleum prices could reduce our margins and profits.
  • Evolving trade policies that increase tariffs may have a material adverse effect on the Company’s business and results of operations.
  • FINANCING RISKS
  • We may not be able to renew our credit facility on favorable terms, or at all, which would adversely affect our results of operations.
  • If management does not accurately forecast the Company's requirements for the peak summer season, the Company's results of operations could be adversely affected.
  • We may require additional capital in the future, which may not be available or may be available only on unfavorable terms.
  • Volatility in the equity markets or interest rates could substantially increase our pension costs and have an adverse effect on our operating results.
  • LEGAL AND REGULATORY RISKS
  • An inability to protect our intellectual property could have an adverse effect on our business.
  • If third parties claim that we infringe upon their intellectual property rights, we may incur liability and costs and may have to redesign or discontinue the infringing products.
  • We could be required to incur substantial costs to comply with environmental and other legal requirements. Violations of, and liabilities under, these laws and regulations may increase our costs or require us to change our business practices.
  • We are subject to potential labor disruptions, which could have an adverse effect on our business.
  • Our insurance coverage may not adequately cover for any product liability claims.
  • Holders of approximately 30% of the shares of our stock have entered into an agreement restricting the sale of the stock.
  • Our corporate documents and Delaware law contain provisions that could discourage, delay or prevent a change in control of our company.
  • We may be affected by climate change and new regulations and requirements relating to climate issues.
  • GENERAL RISK FACTORS
  • We may not be able to manage our business effectively if we are unable to retain our experienced management team or recruit other key personnel.
  • Failures, disruptions, or security incidents affecting the Company’s information technology systems could adversely affect operations, harm its reputation, and expose it to legal liability.
  • The adoption of artificial intelligence (“AI”) in educational environments may alter learning patterns and purchasing needs, which could reduce order volume and adversely affect the Company’s business and financial results.
  • Any failure by us to comply with a variety of privacy and consumer protection laws may harm us.
  • Our stock price has historically been volatile, and investors in our common stock could suffer a decline in value.

Legal proceedings

Virco is involved in legal proceedings from time to time in the ordinary course of business. In the opinion of the Company, such legal proceedings are not material in amount or management expects that the Company will be successful on the merits in pending cases against the Company or any liabilities resulting from such cases will be substantially covered by insurance. While it is impossible to estimate with certainty the ultimate legal and financial liability with respect to these suits and claims, management believes that the aggregate amount of such liabilities will not be material to the results of operations, financial position, or cash flows of the Company.

The opening of Item 3, Legal Proceedings.4

Sources

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