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VirnetX Holding Corp(VHC)Earnings, Financials & Key Ratios
VHC•NASDAQ
Price updated Jun 19, 2026
AboutVirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access. It also offers a portfolio of licenses and services, such as VirnetX One, a security-as-a-service platform that protects enterprise applications, services, and infrastructure from cyber-attacks; GABRIEL Connection Technology software development kit to assist with rapid integration of its techniques into existing software implementations; and War Room software that offers safe and secure video conferencing meeting environment where sensitive communications and data is invisible to those not authorized to view it. In addition, the company provides GABRIEL Collaboration Suite that enables seamless and secure cross-platform communications between users' devices. It serves domain infrastructure and communication service providers, and system integrators; and enterprise customers, developers, and original equipment manufacturers of chips, servers, desktops, smart phones, tablets, laptops, net books, and other devices in the IP-telephony, mobility, fixed-mobile convergence, and unified communications markets. The company was incorporated in 2005 and is headquartered in Zephyr Cove, Nevada.Show more
- Revenue$162K+3140.0%
- EBITDA-$19M+7.2%
- Net Income-$18M-0.3%
- EPS (Diluted)-5.00+1.0%
- Gross Margin85.8%-14.2%
- EBITDA Margin-11677.16%+97.1%
- Operating Margin-11691.36%+97.1%
- Net Margin-11250%+96.9%
- ROE-58.7%-54.4%
VHC Key Insights
VirnetX Holding Corp (VHC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 18 (bottom 18%)
- ✗Sales declining 77.8% over 5 years
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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VHC Price & Volume
VirnetX Holding Corp (VHC) stock price & volume — 10-year historical chart
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VHC Growth Metrics
VirnetX Holding Corp (VHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-20.24%
5 Years-77.83%
3 Years50%
TTM5300%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-7.61%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-0.41%
Return on Capital
10 Years-108.26%
5 Years-32%
3 Years-40.98%
Last Year-53.02%
VHC Recent Earnings
VirnetX Holding Corp (VHC) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$1.16
—
Rev
—
—
Q2 2026
Mar 24, 2026Metric
Actual
Est
EPS
$1.83
—
Rev
$56,000
—
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$1.18
—
Rev
$58,000
—
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.99
—
Rev
$48,000
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $1.16 | — |
| Q2 2026 | Mar 24, 2026 | $1.83 | $56,000 |
| Q4 2025 | Nov 14, 2025 | $1.18 | $58,000 |
| Q3 2025 | Aug 12, 2025 | $0.99 | $48,000 |
Based on last 12 quarters of dataView full earnings history →
VHC Peer Comparison
VirnetX Holding Corp (VHC) competitors in Cybersecurity and identity management — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ACTG | 469.42M | 4.86 | 22.09 | 133.2% | -8.53% | -3.18% | 0.17 | |
 MARA | 5.42B | 14.22 | -3.85 | 38.2% | -234.83% | -51.65% | 1.05 | |
 IDCC | 7.62B | 296.04 | 25.09 | -3.97% | 44.2% | 33.37% | 0.46 | |
 QCOM | 238.32B | 226.11 | 45.13 | 13.66% | 22.31% | 40.19% | 0.77 | |
 CEVA | 1.39B | 49.72 | -113 | 2.49% | -10.47% | -3.89% | 0.09 | |
 SIFY | 1.1B | 15.20 | -131.84 | 11.93% | -3.62% | -7.48% | 1.96 | |
 XOMA | 525.34M | 41.89 | 28.69 | 83.06% | 86.97% | 30.21% | 1.27 | |
 AAPL | 4.38T | 298.01 | 39.95 | 6.43% | 27.15% | 146.69% | 1.52 |
Compare VHC vs Peers
VirnetX Holding Corp (VHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VHC Income Statement
VirnetX Holding Corp (VHC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.55M | 63K | 85K | 302.64M | 35K | 48K | 7K | 5K | 162K | 162K |
Revenue Growth % | -0.19% | -95.93% | 34.92% | 355942.35% | -99.99% | 37.14% | -85.42% | -28.57% | 3140% | 5300% |
Cost of Goods Sold | 26K | 0 | 0 | 90.11M | 0 | 0 | 9K | 0 | 23K | 24K |
COGS % of Revenue | 1.68% | - | - | 29.77% | - | - | 128.57% | - | 14.2% | - |
Gross Profit | 1.52M▲ 0% | 63K▼ 95.9% | 85K▲ 34.9% | 212.53M▲ 249935.3% | 35K▼ 100.0% | 48K▲ 37.1% | -2K▼ 104.2% | 5K▲ 350.0% | 139K▲ 2680.0% | 138K▲ 0% |
Gross Margin % | 98.32% | 100% | 100% | 70.23% | 100% | 100% | -28.57% | 100% | 85.8% | 85.19% |
Gross Profit Growth % | 128.38% | -95.86% | 34.92% | 249935.29% | -99.98% | 37.14% | -104.17% | 350% | 2680% | - |
Operating Expenses | 18.87M | 25.52M | 19.75M | 56.75M | 49.21M | 22.12M | 31.44M | 20.4M | 19.08M | 19.55M |
OpEx % of Revenue | 1219.65% | 40507.94% | 23235.29% | 18.75% | 140597.14% | 46091.67% | 449185.71% | 408040% | 11777.16% | - |
Selling, General & Admin | 16.19M | 20.7M | 15.9M | 47.92M | 52.72M | 15.72M | 21.73M | 14.36M | 13.45M | 13.99M |
SG&A % of Revenue | 1046.8% | 32865.08% | 18711.76% | 15.83% | 150614.29% | 32754.17% | 310428.57% | 287280% | 8301.23% | - |
Research & Development | 2.67M | 4.82M | 3.85M | 8.83M | 5.58M | 6.41M | 9.71M | 6.04M | 5.65M | 5.56M |
R&D % of Revenue | 172.85% | 7642.86% | 4523.53% | 2.92% | 15934.29% | 13345.83% | 138757.14% | 120760% | 3490.12% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | -9.08M | -4K | 0 | 0 | -23K | 0 |
Operating Income | -17.32M▲ 0% | -25.46M▼ 47.0% | -19.66M▲ 22.8% | 155.78M▲ 892.2% | -49.17M▼ 131.6% | -22.08M▲ 55.1% | -31.45M▼ 42.4% | -20.4M▲ 35.1% | -18.94M▲ 7.1% | -19.4M▲ 0% |
Operating Margin % | -1119.65% | -40407.94% | -23135.29% | 51.47% | -140497.14% | -45991.67% | -449214.29% | -407940% | -11691.36% | -11975.93% |
Operating Income Growth % | 39.24% | -46.97% | 22.75% | 892.16% | -131.57% | 55.11% | -42.44% | 35.13% | 7.14% | - |
EBITDA | -17.3M | -25.44M | -19.66M | 155.78M | -49.17M | -22.07M | -31.44M | -20.38M | -18.92M | -19.38M |
EBITDA Margin % | -1117.97% | -40379.37% | -23127.06% | 51.48% | -140485.71% | -45977.08% | -449085.71% | -407520% | -11677.16% | -11961.11% |
EBITDA Growth % | 39.27% | -47.09% | 22.72% | 892.47% | -131.56% | 55.12% | -42.44% | 35.18% | 7.16% | 0.62% |
D&A (Non-Cash Add-back) | 26K | 18K | 7K | 5K | 4K | 7K | 9K | 21K | 23K | 24K |
EBIT | -17.32M | -25.46M | -19.57M | 307.45M | -49.13M | -22.08M | -27.95M | -20.4M | -18.94M | -19.28M |
Net Interest Income | 46K | 54K | 92K | 108.29M | 48K | 1.85M | 3.5M | 2.23M | 1.21M | 997K |
Interest Income | 46K | 54K | 92K | 108.29M | 48K | 1.85M | 3.5M | 2.23M | 1.21M | 997K |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | 46K | 54K | 92K | 151.67M | 48K | 1.85M | 3.5M | 2.23M | 713K | 497K |
Pretax Income | -17.27M▲ 0% | -25.4M▼ 47.1% | -19.57M▲ 23.0% | 307.45M▲ 1670.8% | -49.13M▼ 116.0% | -20.23M▲ 58.8% | -27.95M▼ 38.2% | -18.17M▲ 35.0% | -18.23M▼ 0.3% | -18.9M▲ 0% |
Pretax Margin % | -1116.68% | -40322.22% | -23027.06% | 101.59% | -140360% | -42141.67% | -399285.71% | -363440% | -11251.23% | -11669.14% |
Income Tax | 3K | 3K | -393K | 27.02M | -6.21M | 16.03M | -79K | 3K | -2K | -4K |
Effective Tax Rate % | -0.02% | -0.01% | 2.01% | 8.79% | 12.63% | -79.26% | 0.28% | -0.02% | 0.01% | 0.02% |
Net Income | -17.28M▲ 0% | -25.41M▼ 47.0% | -19.18M▲ 24.5% | 280.43M▲ 1562.1% | -42.92M▼ 115.3% | -36.26M▲ 15.5% | -27.87M▲ 23.1% | -18.18M▲ 34.8% | -18.23M▼ 0.3% | -18.9M▲ 0% |
Net Margin % | -1116.87% | -40326.98% | -22564.71% | 92.66% | -122631.43% | -75541.67% | -398157.14% | -363500% | -11250% | -11666.67% |
Net Income Growth % | 39.52% | -47.04% | 24.51% | 1562.09% | -115.31% | 15.52% | 23.14% | 34.79% | -0.28% | -7.61% |
Net Income (Continuing) | -17.28M | -25.41M | -19.18M | 280.43M | -42.92M | -36.26M | -27.87M | -18.18M | -18.23M | -18.9M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -5.92▲ 0% | -8.07▼ 36.3% | -5.59▲ 30.7% | 78.31▲ 1500.9% | -12.06▼ 115.4% | -10.17▲ 15.7% | -7.79▲ 23.4% | -5.05▲ 35.2% | -5.00▲ 1.0% | -5.03▲ 0% |
EPS Growth % | 42.02% | -36.32% | 30.73% | 1500.89% | -115.4% | 15.67% | 23.4% | 35.17% | 0.99% | -0.41% |
EPS (Basic) | -5.92 | -8.07 | -5.59 | 79.16 | -12.06 | -10.17 | -7.79 | -5.05 | -5.00 | - |
Diluted Shares Outstanding | 2.92M | 3.15M | 3.43M | 3.58M | 3.56M | 3.56M | 3.58M | 3.6M | 3.65M | 3.75M |
Basic Shares Outstanding | 2.92M | 3.15M | 3.43M | 3.54M | 3.56M | 3.56M | 3.58M | 3.6M | 3.65M | 3.75M |
Dividend Payout Ratio | - | - | - | 25.26% | - | - | - | - | - | - |
VHC Balance Sheet
VirnetX Holding Corp (VHC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 5.18M | 10.14M | 5.77M | 224.43M | 169.49M | 152.26M | 53.83M | 38.2M | 21.67M | 17.56M |
Cash & Short-Term Investments | 4.59M | 9.41M | 5.53M | 221.26M | 169.27M | 152.02M | 53.55M | 38.08M | 21.53M | 17.22M |
Cash Only | 3.13M | 7.61M | 3.13M | 192.91M | 142.02M | 86.56M | 26.29M | 23.3M | 15.55M | 14.77M |
Short-Term Investments | 1.45M | 1.8M | 2.39M | 28.35M | 27.25M | 65.46M | 27.26M | 14.79M | 5.98M | 2.45M |
Accounts Receivable | 0 | 6K | 5K | 8K | 17K | 14K | 2K | 0 | 19K | 0 |
Days Sales Outstanding | - | 34.76 | 21.47 | 0.01 | 177.29 | 106.46 | 104.29 | - | 42.81 | 48.44 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
Other Current Assets | 0 | 0 | 0 | 2.9M | 0 | 224K | 0 | 0 | 120K | 337K |
Total Non-Current Assets | 2M | 1.61M | 1.73M | 10.36M | 17.02M | 714K | 6.58M | 11.4M | 9.4M | 9.13M |
Property, Plant & Equipment | 7K | 9K | 1.62M | 1.26M | 966K | 56K | 3.9M | 8.81M | 61K | 55K |
Fixed Asset Turnover | 221.00x | 7.00x | 0.05x | 240.38x | 0.04x | 0.86x | 0.00x | 0.00x | 2.66x | 0.03x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2.5M | 2.5M | 2M | 8.5M |
Other Non-Current Assets | 1.99M | 1.6M | 107K | 9.1M | 16.06M | 658K | 186K | 94K | 7.33M | 7.08M |
Total Assets | 7.17M▲ 0% | 11.75M▲ 63.8% | 7.5M▼ 36.2% | 234.79M▲ 3031.4% | 186.52M▼ 20.6% | 152.97M▼ 18.0% | 60.41M▼ 60.5% | 49.61M▼ 17.9% | 31.06M▼ 37.4% | 26.69M▲ 0% |
Asset Turnover | 0.22x | 0.01x | 0.01x | 1.29x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x |
Asset Growth % | -61.98% | 63.78% | -36.19% | 3031.41% | -20.56% | -17.98% | -60.51% | -17.88% | -37.39% | -138.94% |
Total Current Liabilities | 4.48M | 1.86M | 1.83M | 10.36M | 1.02M | 731K | 1.25M | 7.2M | 2.02M | 2.06M |
Accounts Payable | 414K | 1.05M | 1.35M | 654K | 338K | 373K | 440K | 336K | 388K | 354K |
Days Payables Outstanding | 5.81K | - | - | 2.65 | - | - | 17.84K | - | 6.16K | 5.34K |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 536K | 140K | 9.44M | 361K | 47K | 4K | 46K | 1.38M | 1.71M |
Current Ratio | 1.16x | 5.44x | 3.16x | 21.67x | 166.01x | 208.29x | 42.93x | 5.31x | 10.70x | 8.53x |
Quick Ratio | 1.16x | 5.44x | 3.16x | 21.67x | 166.01x | 208.29x | 42.93x | 5.31x | 10.70x | 8.53x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -5.29K |
Total Non-Current Liabilities | 1.14M | 0 | 44K | 0 | 46K | 0 | 3.15M | 2.79M | 6.56M | 5.78M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 44K | 0 | 46K | 0 | 3.15M | 2.79M | 0 | 6.71M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 140K | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6.56M | 5.78M |
Total Liabilities | 5.62M | 1.86M | 1.87M | 10.36M | 1.07M | 731K | 4.4M | 9.99M | 8.59M | 7.84M |
Total Debt | 0 | 0 | 97K | 44K | 98K | 0 | 3.64M | 9.35M | 0 | 0 |
Net Debt | -3.13M | -7.61M | -3.04M | -192.86M | -141.92M | -86.56M | -22.65M | -13.95M | -15.55M | -14.77M |
Debt / Equity | - | - | 0.02x | 0.00x | 0.00x | - | 0.06x | 0.24x | - | 0.00x |
Debt / EBITDA | - | - | - | 0.00x | - | - | - | - | - | -0.00x |
Net Debt / EBITDA | - | - | - | -1.24x | - | - | - | - | - | 0.76x |
Interest Coverage | - | - | - | - | - | - | - | - | - | - |
Total Equity | 1.55M▲ 0% | 9.89M▲ 536.7% | 5.63M▼ 43.1% | 224.44M▲ 3887.9% | 185.45M▼ 17.4% | 152.24M▼ 17.9% | 56.01M▼ 63.2% | 39.62M▼ 29.3% | 22.47M▼ 43.3% | 18.85M▲ 0% |
Equity Growth % | -86.07% | 536.7% | -43.08% | 3887.86% | -17.37% | -17.91% | -63.21% | -29.26% | -43.28% | -159.09% |
Book Value per Share | 0.53 | 3.14 | 1.64 | 62.68 | 52.12 | 42.71 | 15.65 | 11.02 | 6.16 | 5.02 |
Total Shareholders' Equity | 1.55M | 9.89M | 5.63M | 224.44M | 185.45M | 152.24M | 56.01M | 39.62M | 22.47M | 18.85M |
Common Stock | 6K | 7K | 7K | 7K | 7K | 7K | 0 | 0 | 0 | 0 |
Retained Earnings | -175.52M | -198.42M | -217.6M | -8.01M | -50.94M | -87.19M | -186.5M | -204.67M | -222.9M | -227.25M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -13K | -14K | -14K | -13K | -68K | -314K | -12K | 0 | -21K | -26K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VHC Cash Flow Statement
VirnetX Holding Corp (VHC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -14.94M | -22.3M | -15.08M | 281.39M | -51.72M | -16.89M | -24.77M | -15.33M | -15.64M | -16.05M |
Operating CF Margin % | -966% | -35393.65% | -17741.18% | 92.98% | -147777.14% | -35193.75% | -353900% | -306540% | -9656.79% | - |
Operating CF Growth % | 32.12% | -49.21% | 32.37% | 1965.97% | -118.38% | 67.34% | -46.65% | 38.13% | -2.07% | -4.41% |
Net Income | -17.28M | -25.41M | -19.18M | 280.43M | -42.92M | -36.26M | -27.87M | -18.18M | -18.23M | -18.9M |
Depreciation & Amortization | 26K | 18K | 7K | 5K | 4K | 7K | 9K | 21K | 23K | 24K |
Stock-Based Compensation | 3.99M | 4.05M | 3.71M | 3.94M | 4.18M | 3.33M | 2.78M | 1.9M | 1.97M | 2.28M |
Deferred Taxes | 34.02M | 0 | -3.43M | -9.05M | -6.9M | 16.03M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -34.02M | 3.46M | 3.43M | 69K | 34K | 0 | 15K | 1K | 500K | 207K |
Working Capital Changes | -1.68M | -965K | 382K | 6M | -6.12M | -2K | 296K | 924K | 88K | 344K |
Change in Receivables | 0 | -6K | 1K | -3K | -9K | 3K | -3K | 1K | -19K | 0 |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -1.39M | 636K | 296K | -692K | -316K | 35K | 67K | -104K | 52K | 25K |
Cash from Investing | 7.79M | -370K | -606K | -25.95M | 1.03M | -38.53M | 35.94M | 12.46M | 8.77M | 8.47M |
Capital Expenditures | 0 | 0 | -14K | 0 | -11K | -11K | -65K | -22K | -17K | -17K |
CapEx % of Revenue | - | - | 16.47% | - | 31.43% | 22.92% | 928.57% | 440% | 10.49% | 10.49% |
Acquisitions | 0 | 0 | 592K | 0 | -1.04M | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 7.79M | -370K | -592K | 0 | 1.04M | 11K | 0 | 0 | 0 | 0 |
Cash from Financing | 3.66M | 27.14M | 11.21M | -65.66M | -196K | -29K | -71.44M | -129K | -873K | -874K |
Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 3.68M | 27.05M | 10.54M | 4.49M | -196K | -29K | -11K | -129K | 6K | -1K |
Dividends Paid | 0 | 0 | 0 | -70.84M | 0 | 0 | -71.43M | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | -196K | -29K | -11K | -129K | 0 | -7K |
Other Financing | -20K | 92K | 671K | 690K | 0 | 0 | 0 | 0 | -879K | -873K |
Net Change in Cash | -3.49M▲ 0% | 4.48M▲ 228.2% | -4.48M▼ 200.0% | 189.77M▲ 4339.8% | -50.89M▼ 126.8% | -55.46M▼ 9.0% | -60.27M▼ 8.7% | -2.99M▲ 95.0% | -7.75M▼ 158.9% | -8.45M▲ 0% |
Free Cash Flow | -14.94M▲ 0% | -22.3M▼ 49.2% | -15.09M▲ 32.3% | 281.39M▲ 1964.2% | -51.73M▼ 118.4% | -16.9M▲ 67.3% | -24.84M▼ 46.9% | -15.35M▲ 38.2% | -15.66M▼ 2.0% | -16.06M▲ 0% |
FCF Margin % | -966% | -35393.65% | -17757.65% | 92.98% | -147808.57% | -35216.67% | -354828.57% | -306980% | -9667.28% | -9916.05% |
FCF Growth % | 32.16% | -49.21% | 32.31% | 1964.24% | -118.38% | 67.32% | -46.94% | 38.2% | -2.03% | -2.14% |
FCF per Share | -5.12 | -7.08 | -4.40 | 78.58 | -14.54 | -4.74 | -6.94 | -4.27 | -4.29 | -4.28 |
FCF Conversion (FCF/Net Income) | 0.86x | 0.88x | 0.79x | 1.00x | 1.21x | 0.47x | 0.89x | 0.84x | 0.86x | 0.85x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 5K | 3K | 4K | 38.98M | 2K | 2K | 0 | 3K | 0 | 0 |
VHC Key Ratios
VirnetX Holding Corp (VHC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -272.09% | -444.12% | -247.23% | 243.78% | -20.94% | -21.48% | -26.77% | -38.01% | -58.7% | -72.84% |
Return on Invested Capital (ROIC) | -884.33% | -5494.32% | -606.07% | 683.98% | -98.21% | -30.32% | -47.62% | -51.82% | -87.15% | -123.69% |
Gross Margin | 98.32% | 100% | 100% | 70.23% | 100% | 100% | -28.57% | 100% | 85.8% | 85.19% |
Net Margin | -1116.87% | -40326.98% | -22564.71% | 92.66% | -122631.43% | -75541.67% | -398157.14% | -363500% | -11250% | -11666.67% |
Debt / Equity | - | - | 0.02x | 0.00x | 0.00x | - | 0.06x | 0.24x | - | 0.00x |
FCF Conversion | 0.86x | 0.88x | 0.79x | 1.00x | 1.21x | 0.47x | 0.89x | 0.84x | 0.86x | 0.85x |
Revenue Growth | -0.19% | -95.93% | 34.92% | 355942.35% | -99.99% | 37.14% | -85.42% | -28.57% | 3140% | 5300% |
Related:VHC Dividend History·VHC Revenue History·VHC Price History·VHC P/E History·VHC Financial Ratios·VHC Institutional Holders
VHC SEC Filings & Documents
VirnetX Holding Corp (VHC) SEC filings — annual & quarterly reports (10-K, 10-Q)
VHC Frequently Asked Questions
VirnetX Holding Corp (VHC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
VirnetX Holding Corp (VHC) reported $0.2M in revenue for fiscal year 2025. This represents a 94% decrease from $2.5M in 1998.
VirnetX Holding Corp (VHC) grew revenue by 3140.0% over the past year. This is strong growth.
VirnetX Holding Corp (VHC) reported a net loss of $18.9M for fiscal year 2025.
Dividend & Returns
VirnetX Holding Corp (VHC) has a return on equity (ROE) of -58.7%. Negative ROE indicates the company is unprofitable.
VirnetX Holding Corp (VHC) had negative free cash flow of $16.1M in fiscal year 2025, likely due to heavy capital investments.