VirnetX Holding (VHC)

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VirnetX Holding Corp. is an internet security and communications technology company built around a portfolio of patented intellectual property. The company focuses on secure real-time communications, with technologies intended to protect voice, video, messaging and data connections across devices, networks and locations. Its business includes efforts to commercialise and license its patents, as well as product offerings based on its secure communications architecture.

VirnetX’s technology portfolio includes a Secure Domain Name Registry and products or platforms such as VirnetX One, War Room, VirnetX Matrix and GABRIEL Connection Technology. These tools are designed to support encrypted, authenticated communications for enterprise users, service providers and critical infrastructure environments. The company emphasises device- and location-independent security, meaning its systems are intended to work across different endpoints and deployment settings.

The company’s market sits within cybersecurity, secure collaboration and communications infrastructure. Organisations increasingly need to protect remote work, video meetings, file transfers and machine-to-machine connections from interception, impersonation and unauthorised access. VirnetX seeks to address those needs through a combination of software, secure naming systems and patented connection technology.

For investors, VirnetX is distinctive because its value proposition is closely linked to intellectual property as well as commercial software adoption. Patent licensing, enforcement, product uptake and enterprise security demand can all influence its business trajectory. The company is not a broad-based cybersecurity vendor in the style of large platform providers; instead, it is a specialised security technology company focused on secure communications and the monetisation of its patent-backed solutions.

15.15 USD
6.10 USD
−1.61 (-9.61%)
After-hours

Last updated

Market Cap
63.42M
P/E
P/FCF
P/S
391.45
Enterprise Value
48.64M
Sector
Financials
Industry
Patent Owners and Lessors
Address
308 DORLA COURT, ZEPHYR COVE, NV, 89448
Market Cap
63.42M
Enterprise Value
48.64M
P/E
P/B
3.36
P/S
391.45
EV / EBITDA
-2.51
EV / Sales
300.26
EPS
-4.52
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-16.06M
ROE
-100.25%
ROA
-70.81%
Debt / Equity
0
Current Ratio
8.53
Quick Ratio
8.53
Cash
7.18
Avg Volume
15.13K
Fundamentals Snapshot Price
15.15

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 56K 58K 48K
Gross profit 56K 58K 48K
Operating income -4.51M -6.81M -4.64M -3.94M -4.05M
EBITDA -4.5M -6.8M -4.14M -3.94M -4.04M
Net income -4.35M -6.58M -4.35M -3.62M -3.68M
Basic EPS -1.16 -1.83 -1.18 -0.99 -1.01
Diluted EPS -1.16 -1.83 -1.18 -0.99 -1.01

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 26.69M 31.06M 37.98M 41.82M 45.11M
Total liabilities 7.84M 8.59M 8.69M 8.65M 8.75M
Total equity 18.85M 22.47M 29.29M 33.17M 36.36M
Cash & equivalents 14.77M 15.55M 17.13M 17.29M 23.22M
Current assets 17.56M 21.67M 28.44M 31.54M 34.58M
Current liabilities 2.06M 2.03M 2.07M 1.94M 1.95M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -4.3M -5.81M -3M -2.94M -3.89M
Investing cash flow 3.52M 5.08M 2.85M -2.98M 3.82M
Financing cash flow -1K -854K -12K -7K
Change in cash -774K -1.58M -164K -5.93M -74K
Kind Filing Date Link
edgar index 10-Q — VirnetX Holding Corp View Filing
edgar index S-3 — VirnetX Holding Corp View Filing
edgar index DEF 14A — VirnetX Holding Corp View Filing
edgar index DEFA14A — VirnetX Holding Corp View Filing
edgar index ARS — VirnetX Holding Corp View Filing
edgar index 10-K — VirnetX Holding Corp View Filing
ten k section 10-K — business View Filing
ten k section 10-K — mda View Filing
ten k section 10-K — risk_factors View Filing
edgar index 4 — VirnetX Holding Corp View Filing
form 4 Form 4 — O'BRIEN THOMAS M View Filing
form 4 Form 4 — O'BRIEN THOMAS M View Filing
edgar index SCHEDULE 13D/A — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 144 — VirnetX Holding Corp View Filing
form 4 Form 4 — Feiner Gary View Filing
form 4 Form 4 — Larsen Kendall View Filing
form 4 Form 4 — Larsen Kendall View Filing
form 4 Form 4 — Angelo Michael F View Filing
form 4 Form 4 — Allanson Katherine View Filing
edgar index 10-Q — VirnetX Holding Corp View Filing
edgar index 8-K — VirnetX Holding Corp View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-A12B — VirnetX Holding Corp View Filing
edgar index 25 — VirnetX Holding Corp View Filing
edgar index CERT — VirnetX Holding Corp View Filing
edgar index 8-K — VirnetX Holding Corp View Filing
eight k text 8-K — 8-K View Filing
edgar index 10-Q — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
form 4 Form 4 — Short Robert D III View Filing
form 4 Form 4 — Short Robert D III View Filing
form 4 Form 4 — Allanson Katherine View Filing
edgar index 4 — VirnetX Holding Corp View Filing
form 4 Form 4 — Short Robert D III View Filing
form 4 Form 4 — Short Robert D III View Filing
edgar index 8-K — VirnetX Holding Corp View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
form 4 Form 4 — Angelo Michael F View Filing
form 4 Form 4 — Feiner Gary View Filing
form 4 Form 4 — O'BRIEN THOMAS M View Filing
form 4 Form 4 — Chow Heidy Kingwan View Filing
edgar index 10-Q — VirnetX Holding Corp View Filing
edgar index DEF 14A — VirnetX Holding Corp View Filing
edgar index DEFA14A — VirnetX Holding Corp View Filing
edgar index ARS — VirnetX Holding Corp View Filing
edgar index 10-K — VirnetX Holding Corp View Filing
ten k section 10-K — business View Filing
ten k section 10-K — risk_factors View Filing
edgar index SC 13D/A — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
edgar index 4 — VirnetX Holding Corp View Filing
form 4 Form 4 — Larsen Kendall View Filing
edgar index 10-Q — VirnetX Holding Corp View Filing
form 4 Form 4 — Larsen Kendall View Filing
form 4 Form 4 — Larsen Kendall View Filing
form 4 Form 4 — Larsen Kendall View Filing
form 4 Form 4 — Short Robert D III View Filing
form 4 Form 4 — Short Robert D III View Filing
form 4 Form 4 — Allanson Katherine View Filing
edgar index 8-K — VirnetX Holding Corp View Filing
eight k text 8-K — 8-K View Filing
edgar index 10-Q — VirnetX Holding Corp View Filing
edgar index S-8 — VirnetX Holding Corp View Filing
edgar index 8-K — VirnetX Holding Corp View Filing
edgar index 3 — VirnetX Holding Corp View Filing