VHC · VirnetX Holding Corp
$12.45
+0.19 (+1.55%)
At close · Jul 23
Going-concern doubt
— flagged May 15, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Management believes that its cash and cash equivalents will be insufficient to satisfy the Company’s current operations for the twelve months following the issuance of these financial statements. As such, there is substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed May 15, 2026
Market Cap
$52.32M
Shares
4.19M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$162K
+3140%
FY2025
Net Income
-$18.23M
-0.3%
FY2025
Operating Margin
-12000%
+395940pp
FY2025
Diluted EPS
-$5.00
+1%
FY2025
Operating Cash Flow
-$15.64M
-2.1%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $162K | $162K | $5000 | $7000 | $48K | $35K | $302.64M | $85K | $63K | — | — | — | — | — | — | — | |
| $5.56M | $5.65M | $6.04M | $9.71M | $6.41M | $5.58M | $8.83M | $3.85M | $4.82M | $2.67M | $2.5M | $2.28M | $2M | $1.78M | $1.56M | $1.46M | |
| $14.01M | $13.45M | $14.36M | $21.74M | $15.72M | $52.72M | $45.81M | $15.91M | $20.71M | $16.19M | $26.67M | $23.19M | $28.31M | $29M | $37.72M | $15.93M | |
| — | — | — | — | — | — | — | — | — | — | — | $26K | $25K | $36K | $71K | $68K | |
| $20.06M | $19.6M | $20.4M | $31.45M | $22.12M | $49.21M | $144.74M | $19.75M | $25.52M | $18.87M | $30.06M | $30.73M | $13.41M | $30.78M | $39.27M | $17.4M | |
| -$19.9M | -$19.44M | -$20.4M | -$31.45M | -$22.08M | -$49.17M | $157.89M | -$19.67M | -$25.46M | -$17.32M | -$28.51M | -$29.18M | -$12.17M | -$28.59M | -$38.86M | -$17.38M | |
| — | -12000% | -407940% | -449214.29% | -45991.67% | -140497.14% | 52.17% | -23135.29% | -40407.94% | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | -$29.15M | -$12.14M | -$28.55M | -$38.79M | -$17.31M | |
| — | — | — | — | — | — | — | — | — | $46K | $69K | — | — | — | — | $228K | |
| -$18.9M | -$18.23M | -$18.17M | -$27.95M | -$20.23M | -$49.13M | $307.45M | -$19.57M | -$25.4M | -$17.28M | -$28.44M | -$29.23M | -$9.89M | -$26.86M | -$39.46M | -$22.74M | |
| -$4000 | -$2000 | $3000 | -$79K | $16.03M | -$6.21M | $27.02M | -$393K | $3000 | $3000 | $133K | $8000 | $15K | $751K | -$12.54M | -$5.48M | |
| -$18.9M | -$18.23M | -$18.18M | -$27.87M | -$36.26M | -$42.92M | $280.43M | -$19.18M | -$25.41M | -$17.28M | -$28.57M | -$29.23M | -$9.9M | -$27.61M | -$26.92M | -$17.26M | |
| — | -11250% | -363500% | -398157.14% | -75541.67% | -122631.43% | 92.66% | -22564.71% | -40326.98% | — | — | — | — | — | — | — | |
| -$18.91M | -$18.25M | -$18.16M | -$27.57M | -$36.51M | -$42.98M | $280.43M | -$19.18M | -$25.41M | -$17.28M | -$28.56M | -$29.24M | — | — | — | — | |
| USD/shares | — | -$5.00 | -$5.05 | -$7.79 | -$10.20 | -$12.00 | $79.20 | — | — | -$2.00 | -$2.40 | -$3.00 | $2.80 | — | -$10.60 | -$7.00 |
| USD/shares | — | -$5.00 | -$5.05 | -$7.79 | -$10.20 | -$12.00 | $78.40 | — | — | -$2.00 | -$2.40 | -$3.00 | $2.80 | — | -$10.60 | -$7.00 |
| shares | — | 3647 | 3596 | 3579 | 3.57M | 3.56M | 3.54M | 3.43M | 3.15M | 2.92M | 2.8M | 2.62M | 2.58M | 2.56M | 2.55M | 2.5M |
| shares | — | 3647 | 3596 | 3579 | 3.57M | 3.56M | 3.58M | 3.43M | 3.15M | 2.92M | 2.8M | 2.62M | 2.58M | 2.56M | 2.55M | 2.5M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2024: $142.27M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Software - Infrastructure median 2.26×
EV/EBIT
—
Software - Infrastructure median 19.18×
P/E (TTM)
—
Software - Infrastructure median 26.76×