# VIRCO MFG. CORPORATION (VIRC) · Edgar & Edgarette company card

> Virco Mfg. (VIRC) saw revenue fall 25.0% in FY2026 to $200 million, operating margin 1.8% against a 4.4% median for public bldg & related furniture, equity 60.8% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 751365 · fiscal year ended 2026-01-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/VIRC) · [JSON](https://www.pops4.com/boards/company/VIRC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $200M |
| Revenue growth, 1 year | -25.0% |
| Revenue growth per year | 1.9% |
| Operating margin | 1.8% (prior year 10.5%) |
| Net margin | 1.3% |
| Operating cash flow | −$841,000 |
| Capital spending | $6M |
| Free cash flow | −$7M |
| Cash | $14M |
| Long-term debt | $4M |
| Total assets | $174M |
| Total equity | $106M |
| Equity ÷ assets | 60.8% |
| Return on equity | 2.4% |
| Dividend per share | $0.1 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Altman Z: 4.14 (safe zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -2.34 (below the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $199.7M (FY2026), total debt $3.9M. Experience: revenue down 25.0% on the year, up 1.9% a year over 4 years; operating margin 1.8%, down from 10.5%. Soundness: equity 60.8% of assets, return on equity 2.4%, payout 61.4% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $125.8M and $221.7M next year (method v4.1: its own 5-year record of growth weighed at 57% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $109.0M to $257.4M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, its industry group): operating margin 1.8% against a 4.4% median; growth -25.0% against 1.3%.

Range logged 2026-09-28, receipt 129d8d1bcdf6245f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-09-04 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026060659/0001628280-26-060659-index.htm)
- 10-Q · filed 2026-09-04 · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026060657/0001628280-26-060657-index.htm)
- 8-K · filed 2026-06-17 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026043943/0001628280-26-043943-index.htm)
- 10-Q · filed 2026-06-03 · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026040125/0001628280-26-040125-index.htm)
- 8-K · filed 2026-06-03 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026040123/0001628280-26-040123-index.htm)
- DEF 14A · filed 2026-05-04 · [filing](https://www.sec.gov/Archives/edgar/data/751365/000162828026029844/0001628280-26-029844-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000751365.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=751365

## Cite

POPS4, Edgar & Edgarette: VIRCO MFG. CORPORATION (VIRC) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/VIRC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.