Virtuix Holdings Inc.

Virtuix Holdings Inc. develops technology for movement in AI-generated virtual and real-world environments. The company is the creator of "Omni," a brand of omni-directional treadmills that allow users to walk and run in 360 degrees within virtual reality ("VR") games, digital twins, and other applications. This technology operates at the intersection of gaming, fitness, and enterprise VR. Virtuix Holdings Inc. was formed in Delaware on December 20, 2013. Its Class A common stock began trading on the Nasdaq Global Market on January 27, 2026, following a direct listing. The company has introduced three generations of products, with its flagship product, Omni One, designed for home entertainment, combining full-body movement with immersive VR gaming and fitness. Virtuix Holdings Inc. operates a vertically integrated business covering product design, game development, manufacturing, and distribution. It focuses on three key markets: consumer, enterprise, and defense, targeting a gross margin of 40% on hardware products, complemented by recurring software sales and subscriptions. The company operates through four wholly owned subsidiaries: Virtuix Inc., a Delaware corporation formed on April 15, 2013, for VR hardware and software development; Virtuix Manufacturing Ltd. ("VML"), organized in Hong Kong on January 29, 2015; Virtuix Manufacturing (Zhuhai) Co., Ltd. ("VML_ZH"), a VML subsidiary organized in China on July 28, 2016; and Virtuix Manufacturing Taiwan Ltd. ("VMT"), organized in Taiwan on January 17, 2023. Additionally, the company holds a 57.5% equity stake in Virtuix Arabia LLC, a subsidiary organized in the Kingdom of Saudi Arabia on June 13, 2024, which has not yet commenced operations. In July 2016, the company formed Heroix VR (Shanghai) Co., Ltd. ("Heroix"), a Sino-foreign equity joint venture with Hero Entertainment, a Chinese game publisher and esports operator, to develop active VR content and product bundles for the Chinese and U.S. markets. Heroix is established under the laws of the People's Republic of China and registered in Shanghai.