VirnetX Holding Corp
VHC Nasdaq· Patent Owners & Lessors
Last close · Oct 23, 2026
$10.48
KIRA · Stoqly’s AI analyst, in plain words
- VirnetX Holding Corp had $0.2M of revenue in fiscal 2025, up 3,140.0% on the year before. Over five years, revenue changed −77.8% a year on average.
- Its operating margin was −12,000.0%, up 395,940.0 pts: of every 100 in sales, about −12,000 is left after running the business.
- VirnetX Holding Corp lost $18.2M in fiscal 2025.
- Free cash flow was −$15.7M in fiscal 2025, −9,667.3% of revenue.
Market cap
$39.5M
P/E
—
Revenue
$0.2M
Net income
−$18.2M
Free cash flow
−$15.7M
Operating margin
−12,000.0%
VirnetX Holding Corp in 30 seconds · fiscal 2025
Are sales growing?
+3,140.0%
Yes. Sales grew 3,140.0% last year.
Does it make a profit?
−11,250.0%
No. It lost money last year.
Does profit turn into cash?
−9,667.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What VirnetX Holding Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 24, 2026
- Legal name
- VirnetX Holding Corp
- CIK
- 0001082324
VirnetX Holding Corp · VHC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.2M |
| Revenue growth | −100.0% | 37.1% | −85.4% | −28.6% | 3,140.0% |
| Operating margin | −140,497.1% | −45,991.7% | −449,214.3% | −407,940.0% | −12,000.0% |
| Net income | −$42.9M | −$36.3M | −$27.9M | −$18.2M | −$18.2M |
| Net margin | −122,631.4% | −75,541.7% | −398,157.1% | −363,500.0% | −11,250.0% |
| Diluted EPS | −$0.60 | −$10.17 | −$7.79 | −$5.05 | −$5.00 |
| Cash | |||||
| Cash from operations | −$51.7M | −$16.9M | −$24.8M | −$15.3M | −$15.6M |
| Capital expenditure | $0.0M | $0.0M | $0.1M | $0.0M | $0.0M |
| Free cash flow | −$51.7M | −$16.9M | −$24.8M | −$15.3M | −$15.7M |
| FCF margin | −147,808.6% | −35,193.8% | −354,828.6% | −306,980.0% | −9,667.3% |
| Dividends paid | $0.0M | $0.0M | $71.4M | $0.0M | — |
| Share count change | −0.6% | −100.0% | 0.0% | 0.0% | 0.0% |
| Debt and strength | |||||
| Cash and short-term investments | $169M | $152M | $53.5M | $38.1M | $21.5M |
| Shareholders' equity | $185M | $152M | $56.0M | $39.6M | $22.5M |
| Current ratio | 166.0x | 208.3x | 42.9x | 5.3x | 10.7x |
| Returns and quality | |||||
| Return on equity | −20.9% | −21.5% | −26.8% | −38.0% | −58.7% |
| Return on tangible equity | −23.1% | −23.8% | −49.8% | −45.9% | −81.1% |
| Piotroski F-score | 2 | 4 | 2 | 3 | 4 |
| Altman Z'' | 185.8 | 222.4 | 5.5 | −7.9 | −20.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.5M
3 insiders
Of sales under plans
90%
$0.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
VirnetX Holding Corp · VHC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $10.48 a share, the company is worth $39.5M.
Source: SEC EDGAR XBRL filings (CIK 0001082324). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.