VirnetX Holding Corp (VHC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 17.56M | 21.67M | 28.43M | 31.54M | 34.58M | 38.2M | 44.02M | 47.21M | 50.37M | 53.83M | 61.47M | 66.71M | 150.03M | 152.26M | 159.39M | 162.19M | 165.81M | 169.49M | 175.73M | 178.91M |
| Cash & Short-Term Investments | 17.22M | 21.53M | 28.19M | 31.23M | 34.18M | 38.08M | 43.75M | 46.91M | 50.01M | 53.55M | 61.03M | 66.23M | 149.42M | 152.02M | 159M | 161.66M | 165.14M | 169.27M | 172.49M | 175.54M |
| Cash Only | 14.77M | 15.55M | 17.13M | 17.29M | 23.22M | 23.3M | 25.13M | 26.29M | 27.59M | 26.29M | 27.84M | 25.97M | 97.05M | 86.56M | 105.81M | 127.18M | 136.41M | 142.02M | 148.04M | 153.63M |
| Short-Term Investments | 2.45M | 5.98M | 11.06M | 13.93M | 10.95M | 14.79M | 18.62M | 20.62M | 22.41M | 27.26M | 33.18M | 40.26M | 52.37M | 65.46M | 53.2M | 34.48M | 28.73M | 27.25M | 24.45M | 21.91M |
| Accounts Receivable | 0 | 19K | 19K | 48K | 0 | 0 | 0 | 0 | 0 | 2K | 2K | 4K | 4K | 14K | 20K | 19K | 12K | 17K | 15K | 14K |
| Days Sales Outstanding | - | 31.21 | 53.14 | 91 | - | - | - | - | - | - | 92 | 182 | 405 | 312.8 | 448.5 | 41.49 | 261 | 133.82 | 333.5 | 60.67 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9M | 2.9M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 337K | 120K | 223K | 0 | 399K | 0 | 0 | 0 | 0 | 0 | 439K | 480K | 0 | 224K | 0 | 0 | 0 | 0 | 324K | 451K |
| Total Non-Current Assets | 9.13M | 9.4M | 9.55M | 10.29M | 10.54M | 11.4M | 11.57M | 11.74M | 11.9M | 6.58M | 2.44M | 534K | 624K | 714K | 17.93M | 17.53M | 17.99M | 17.02M | 18.8M | 17.99M |
| Property, Plant & Equipment | 55K | 7.3M | 7.45M | 7.67M | 62K | 8.81M | 8.97M | 5.85M | 9.31M | 3.9M | 6K | 8K | 614K | 56K | 795K | 885K | 974K | 966K | 19K | 9K |
| Fixed Asset Turnover | - | 0.01x | 0.01x | 0.01x | - | - | 0.00x | 0.00x | 0.00x | - | 0.43x | 0.01x | 0.01x | 0.01x | 0.00x | 0.04x | 0.01x | 0.02x | 0.29x | 1.58x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2M | 2M | 2M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 7.08M | 94K | 97K | 111K | 7.97M | 94K | 94K | 3.39M | 94K | 186K | 438K | 526K | 10K | 658K | 17.13M | 16.64M | 17.02M | 16.06M | 1.04M | 1.13M |
| Total Assets | 26.69M | 31.06M | 37.98M | 41.82M | 45.11M | 49.61M | 55.59M | 58.95M | 62.27M | 60.41M | 63.91M | 67.25M | 150.66M | 152.97M | 177.32M | 179.72M | 183.8M | 186.52M | 194.54M | 196.9M |
| Asset Turnover | - | 0.00x | 0.00x | 0.00x | - | - | 0.00x | 0.00x | 0.00x | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Asset Growth % | -40.83% | -37.39% | -31.67% | -29.06% | -27.56% | -17.88% | -13.03% | -12.34% | -58.66% | -60.51% | -63.96% | -62.58% | -18.03% | -17.98% | -8.85% | -8.72% | -22.77% | -20.56% | -24.76% | -30.53% |
| Total Current Liabilities | 2.06M | 2.02M | 2.07M | 1.94M | 1.95M | 7.2M | 7.13M | 7.01M | 7.03M | 1.25M | 1.6M | 813K | 73.52M | 731K | 1.9M | 738K | 1.04M | 1.02M | 570K | 769K |
| Accounts Payable | 354K | 388K | 377K | 286K | 329K | 336K | 280K | 325K | 490K | 440K | 1.18M | 397K | 1.69M | 373K | 1.48M | 350K | 651K | 338K | 247K | 445K |
| Days Payables Outstanding | 5.57K | 5.03K | 5.08K | 5.6K | 5.99K | 5.67K | - | - | - | 18.66K | - | - | 92.92K | 42.55K | 42.02K | 45.55K | -22.25K | 2.85 | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.71M | 1.38M | 1.31M | 4K | 1.29M | 46K | 5K | 3.79M | 5K | 4K | 0 | 24K | 71.44M | 47K | 2K | 0 | 3K | 361K | 4K | 18K |
| Current Ratio | 8.53x | 10.70x | 13.72x | 16.26x | 17.72x | 5.31x | 6.17x | 6.74x | 7.17x | 42.93x | 38.39x | 82.06x | 2.04x | 208.29x | 83.89x | 219.77x | 159.89x | 166.01x | 308.31x | 232.65x |
| Quick Ratio | 8.53x | 10.70x | 13.72x | 16.26x | 17.72x | 5.31x | 6.17x | 6.74x | 7.17x | 42.93x | 38.39x | 82.06x | 2.04x | 208.29x | 83.89x | 219.77x | 159.89x | 166.01x | 303.21x | 228.88x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 5.78M | 6.56M | 6.62M | 6.71M | 6.8M | 2.79M | 2.96M | 3.13M | 3.06M | 3.15M | 0 | 0 | 0 | 0 | 4K | 18K | 31K | 46K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 4K | 6.71M | 0 | 2.79M | 2.96M | 3.13M | 3.06M | 3.15M | 0 | 0 | 0 | 0 | 4K | 18K | 31K | 46K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.78M | 6.56M | 6.62M | 0 | 6.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Total Liabilities | 7.84M | 8.59M | 8.69M | 8.65M | 8.75M | 9.99M | 10.09M | 10.14M | 10.09M | 4.4M | 1.6M | 813K | 73.52M | 731K | 1.9M | 756K | 1.07M | 1.07M | 570K | 769K |
| Total Debt | 0 | 0 | 4K | 8.01M | 0 | 9.35M | 9.43M | 5.67M | 9.27M | 3.64M | 8K | 0 | 31K | 0 | 58K | 73K | 84K | 98K | 0 | 0 |
| Net Debt | -14.77M | -15.55M | -17.13M | -9.29M | -23.22M | -13.95M | -15.71M | -20.61M | -18.32M | -22.65M | -27.84M | -25.97M | -97.02M | -86.56M | -105.75M | -127.11M | -136.32M | -141.92M | -148.04M | -153.63M |
| Debt / Equity | - | - | 0.00x | 0.24x | - | 0.24x | 0.21x | 0.12x | 0.18x | 0.06x | 0.00x | - | 0.00x | - | 0.00x | 0.00x | 0.00x | 0.00x | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 18.85M | 22.47M | 29.29M | 33.17M | 36.36M | 39.62M | 45.49M | 48.81M | 52.18M | 56.01M | 62.31M | 66.43M | 77.14M | 152.24M | 175.41M | 178.97M | 182.73M | 185.45M | 193.97M | 196.13M |
| Equity Growth % | -48.15% | -43.28% | -35.61% | -32.04% | -30.32% | -29.26% | -26.99% | -26.53% | -32.35% | -63.21% | -64.48% | -62.88% | -57.79% | -17.91% | -9.57% | -8.75% | -8.12% | -17.37% | -15.94% | -16.08% |
| Book Value per Share | 5.02 | 5.35 | 7.97 | 9.06 | 10.03 | 11.02 | 12.63 | 13.58 | 14.43 | 15.48 | 17.25 | 18.59 | 21.60 | 42.63 | 49.12 | 50.18 | 51.31 | 52.07 | 54.46 | 55.16 |
| Total Shareholders' Equity | 18.85M | 22.47M | 29.29M | 33.17M | 36.36M | 39.62M | 45.49M | 48.81M | 52.18M | 56.01M | 62.31M | 66.43M | 77.14M | 152.24M | 175.41M | 178.97M | 182.73M | 185.45M | 193.97M | 196.13M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7K | 7K | 7K | 7K | 7K | 7K | 7K | 7K | 7K |
| Retained Earnings | -227.25M | -222.9M | -216.32M | -211.97M | -208.35M | -204.67M | -198.46M | -194.62M | -190.79M | -186.5M | -179.39M | -174.47M | -163.09M | -87.19M | -62.97M | -58.69M | -54.26M | -50.94M | -41.31M | -37.98M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -26K | -21K | -17K | -17K | -12K | 0 | 32K | -40K | -35K | -12K | -112K | -208K | -208K | -314K | -503K | -355K | -242K | -68K | -17K | -14K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |