What does promissory notes converted to common stock mean?

Measures the value of outstanding debt obligations that have been settled through the issuance of equity rather than cash repayment. This activity effectively deleverages the balance sheet and reduces future interest obligations. It provides insight into the company's strategy for managing debt maturity and its impact on shareholder dilution.

Virtuix Holdings Inc. VTIX Promissory Notes Converted To Common Stock

Promissory Notes Converted To Common Stock at other companies

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$4.02M+64.1%

Red Cat Holdings, Inc.RCAT

$5.06M—

JAN

Janus Living JAN

$555.5K+33.9%

MicrovisionMVIS

$8.11M-63.1%

Oscar HealthOSCR

$70.83M—

Faraday Future Intelligent Electric Inc. Common StockFFAI

$25.32M+62.6%

Other financials

Income statement

See full

Revenue$1.3M-14.0%

Gross profit$173.6K—

Operating income-$4.9M-98.1%

Net income-$9.9M-277%

EPS (diluted)-$0.39-21.9%

Balance sheet

See full

Cash & equivalents$9.5M+1,882%

Total debt$3.2M+273%

Total equity$3.0M+484%

Total assets$14.8M+156%

Cash flow

See full

Operating cash flow-$4.0M-156%

Valuation

See full

Market cap$100.34M-69.9%

Enterprise value$94.08M—

P/S20.2×—

Profitability

See full

Gross margin11.5%—

Operating margin-221.9%—

Net margin-337.4%—

Returns & leverage

See full

Return on equity-1,490.6%—

Debt / equity1.1×—

Current ratio1.4×+1.0×

Where this comes from

Reported directly by Virtuix Holdings Inc. in its filing.

Tagged under the XBRL concept vtix:PromissoryNotesConvertedToCommonStock.

The official record: Virtuix Holdings Inc. ’s 10-K, filed June 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Virtuix Holdings Inc. 's promissory notes converted to common stock?: Virtuix Holdings Inc. (VTIX) reported promissory notes converted to common stock of $196.97K in Q1 2026.
What does promissory notes converted to common stock mean?: Measures the value of outstanding debt obligations that have been settled through the issuance of equity rather than cash repayment. This activity effectively deleverages the balance sheet and reduces future interest obligations. It provides insight into the company's strategy for managing debt maturity and its impact on shareholder dilution.