VirnetX Holding Corp

VHC

VirnetX Holding Corp

VHC

Insider Sentiment (TTM):

Last Purchase:2024-05-24Last Sale:2025-11-26Shares Purchased (TTM):0Shares Sold (TTM):2,500

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:533,179Shares Outstanding:3,754,000Institutional Ownership Pct.:14.20%

Earnings Market Reaction:

Filing Date:2026-08-14Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	13	15	16	17	17	23	23	25	26	28	26	28
Available For Sale Securities Debt Securities Curr…	1	2	6	11	14	11	15	19	21	22	27	33
Accounts Receivable Net Current	0	0	0	0	0	-	0	0	0	0	0	0
Prepaid Expense And Other Assets Current	0	0	0	0	0	0	0	0	0	0	0	0
Assets Current	14	18	22	28	32	35	38	44	47	50	54	61
Prepaid Expense And Other Assets Noncurrent	7	7	7	7	8	8	9	9	9	9	4	0
Other Long Term Investments	2	2	2	2	3	3	3	3	3	3	3	2
Property Plant And Equipment Net	0	0	0	0	0	0	0	0	0	0	0	0
Assets	23	27	31	38	42	45	50	56	59	62	60	64
Liabilities And Stockhold…
Liabilities Current
Accounts Payable And Accrued Liabilities Current	0	0	0	0	0	0	0	0	0	0	0	1
Employee Related Liabilities Current	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities Current	1	1	1	1	1	1	7	6	6	6	0	0
Liabilities Current	2	2	2	2	2	2	7	7	7	7	1	2
Other Liabilities Noncurrent	6	6	7	7	7	7	3	3	3	3	3	0
Liabilities	8	8	9	9	9	9	10	10	10	10	4	2
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	247	246	245	246	245	245	244	244	243	243	243	242
Retained Earnings Accumulated Deficit	-232	-227	-223	-216	-212	-208	-205	-198	-195	-191	-186	-179
Accumulated Other Comprehensive Income Loss Net Of…	-0	-0	-0	-0	-0	-0	0	0	-0	-0	-0	-0
Stockholders Equity	15	19	22	29	33	36	40	45	49	52	56	62
Liabilities And Stockholders Equity	23	27	31	38	42	45	50	56	59	62	60	64
Preferred Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Authorized	10	10	10	10	10	10	10	10	10	10	10	10
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	100	100	100	100	100	100	100	100	100	100	100	100
Common Stock Shares Issued	4	4	4	4	4	4	4	4	4	4	4	4
Shares Outstanding	4	4	4	4	4	4	4	4	4	4	4	4

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	4.63%	-12.22%	-8.29%	-	-	-	-	-	-	-	-	-
2025	36.90%	48.20%	53.97%	19.73%	7.42%	49.09%	-19.83%	-25.66%	-12.22%	-9.65%	-14.63%	-24.16%
2024	-15.30%	35.25%	36.36%	0.42%	-3.74%	-13.43%	-16.64%	19.66%	47.06%	4.03%	0.12%	35.11%
2023	-	-	-	-	-	-	6.97%	6.06%	-6.67%	8.99%	-8.47%	-27.34%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	6.24	8.53	10.70	13.72	16.26	17.72	5.31	6.17	6.74	7.17	42.93	38.39
Quick Ratio	6.15	8.37	10.64	13.62	16.12	17.52	5.29	6.13	6.69	7.11	42.70	38.12
Working Capital	11.85M	15.50M	19.64M	26.36M	29.60M	32.62M	31.01M	36.89M	40.20M	43.34M	52.58M	59.87M
Leverage & Debt
Debt to Equity	0.53	0.42	0.38	0.30	0.26	0.24	0.25	0.22	0.21	0.19	0.08	0.03
Debt Ratio	0.34	0.29	0.28	0.23	0.21	0.19	0.20	0.18	0.17	0.16	0.07	0.03
Efficiency & Turnover
Asset Turnover TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding TTM	-	-	42.81	65.42	350.40	-	-	-	-	-	417.14	334.58
Receivables Turnover TTM	-	-	8.53	5.58	1.04	-	-	-	-	-	0.88	1.09
Per Share Metrics
Diluted EPS TTM	-5.25	-5.03	-5.00	-4.86	-4.74	-4.84	-5.05	-5.29	-5.61	-7.66	-7.79	-12.45
Free Cash Flow Per Share TTM	-4.36	-4.28	-4.29	-4.19	-4.26	-4.34	-4.27	-4.69	-4.73	-7.09	-6.94	-6.88
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.75	19.96	19.78
Margin Metrics
Operating Profit Margin TTM	-18,078.07%	-12,284.57%	-12,000.00%	-18,211.32%	-38,094.00%	-650,600.00%	-407,940.00%	-430,100.00%	-379,216.67%	-435,100.00%	-449,214.29%	-264,325.00%
Net Profit Margin TTM	-17,373.68%	-11,666.67%	-11,250.00%	-16,851.89%	-34,708.00%	-585,433.33%	-363,500.00%	-381,340.00%	-335,766.67%	-395,642.86%	-398,157.14%	-374,891.67%
Growth Metrics
Net Revenue Growth (1Y)	128.00%	5,300.00%	3,140.00%	2,020.00%	733.33%	-57.14%	-28.57%	-58.33%	-53.85%	-84.44%	-85.42%	-77.78%
Net Income Growth (1Y)	14.13%	7.61%	0.28%	-6.31%	-13.86%	-36.58%	-34.79%	-57.62%	-54.57%	-25.96%	-23.14%	145.39%
EPS Growth (1Y)	10.80%	3.97%	-1.13%	-8.10%	-15.44%	-36.78%	-35.10%	-57.51%	-54.83%	-26.88%	-23.44%	142.60%
Valuation Metrics
P/E TTM	-2.42	-2.80	-3.34	-3.70	-2.29	-1.53	-1.55	-1.33	-1.21	-0.83	-0.90	-0.40
P/B TTM	3.18	2.81	2.71	2.26	1.20	0.74	0.71	0.56	0.50	0.44	0.45	0.29
P/S TTM	419.99	326.97	375.73	623.37	794.22	8,934.51	5,645.72	5,080.23	4,072.07	3,275.06	3,579.00	1,505.00
Market Cap	47.88M	52.97M	60.87M	66.08M	39.71M	26.80M	28.23M	25.40M	24.43M	22.93M	25.05M	18.06M
Enterprise Value	34.79M	38.19M	45.32M	48.95M	22.42M	3.58M	4.93M	271.15K	-1.85M	-4.67M	-1.24M	-9.79M
Calculated Values
Free Cash Flow TTM	-16.45M	-16.06M	-15.66M	-15.37M	-15.57M	-15.73M	-15.35M	-16.91M	-16.98M	-25.64M	-24.84M	-24.84M
Net Debt	-13.09M	-14.77M	-15.55M	-17.13M	-17.29M	-23.22M	-23.30M	-25.13M	-26.29M	-27.59M	-26.29M	-27.85M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-11-26Sale

Owner: Feiner, Gary

Title: -

Shares: 1,875

Price/Share: $22.70

Value: $42,562.50

Shares Owned: 16,874

Relationship: Director

Ownership: Direct

2025-11-24Sale

Owner: Angelo, Michael F

Title: -

Shares: 625

Price/Share: $20.89

Value: $13,056.25

Shares Owned: 21,709

Relationship: Director

Ownership: Direct

2024-05-24Purchase

Owner: Larsen, Kendall

Title: President & CEO

Shares: 1,000

Price/Share: $4.14

Value: $4,140.00

Shares Owned: 44,649

Relationship: Director,Officer,TenPercentOwner

Ownership: Indirect

2024-05-23Purchase

Owner: Larsen, Kendall

Title: President & CEO

Shares: 1,875

Price/Share: $4.65

Value: $8,718.75

Shares Owned: 43,649

Relationship: Director,Officer,TenPercentOwner

Ownership: Indirect

2023-06-05Purchase

Owner: Larsen, Kendall

Title: President & CEO

Shares: 27,974

Price/Share: $0.38

Value: $10,630.12

Shares Owned: 802,133

Relationship: Director,Officer,TenPercentOwner

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-11-26	Feiner, Gary	Director	-	Direct	Sale	1,875	22.70	$42,562.50	16,874	4
2025-11-24	Angelo, Michael F	Director	-	Direct	Sale	625	20.89	$13,056.25	21,709	4
2024-05-24	Larsen, Kendall	Director,Officer,TenPercentOwner	President & CEO	Indirect	Purchase	1,000	4.14	$4,140.00	44,649	4
2024-05-23	Larsen, Kendall	Director,Officer,TenPercentOwner	President & CEO	Indirect	Purchase	1,875	4.65	$8,718.75	43,649	4
2023-06-05	Larsen, Kendall	Director,Officer,TenPercentOwner	President & CEO	Indirect	Purchase	27,974	0.38	$10,630.12	802,133	4
2023-05-26	Larsen, Kendall	Director,Officer,TenPercentOwner	President & CEO	Indirect	Purchase	2,000	0.43	$860.00	774,159	4
2023-05-25	Angelo, Michael F	Director	-	Direct	Purchase	23,000	0.43	$9,890.00	138,392	4
2023-05-18	O'Brien, Thomas M	Director	-	Direct	Purchase	50,000	0.42	$21,000.00	238,327	4
2023-05-18	Larsen, Kendall	Director,Officer,TenPercentOwner	President & CEO	Indirect	Purchase	104,166	0.45	$46,874.70	772,159	4
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Institutional Ownership

No data available for chart

2026-03-31

14.20%

Inst. Shares: 533,179

Shares Outstanding: 3,754,000

2025-12-31

14.65%

Inst. Shares: 534,148

Shares Outstanding: 3,647,000

2025-09-30

13.15%

Inst. Shares: 483,019

Shares Outstanding: 3,673,000

2025-06-30

12.11%

Inst. Shares: 443,184

Shares Outstanding: 3,660,000

2025-03-31

12.40%

Inst. Shares: 449,877

Shares Outstanding: 3,627,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	533,179	3,754,000	14.20%
2025-12-31	534,148	3,647,000	14.65%
2025-09-30	483,019	3,673,000	13.15%
2025-06-30	443,184	3,660,000	12.11%
2025-03-31	449,877	3,627,000	12.40%
2024-12-31	489,485	3,596,000	13.61%
2024-09-30	470,333	3,603,000	13.05%
2024-06-30	434,940	3,593,000	12.11%
2024-03-31	424,191	3,616,000	11.73%
2023-12-31	381,277	3,579,000	10.65%
2023-09-30	346,271	3,612,000	9.59%
2023-06-30	479,756	3,573,000	13.43%
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VirnetX Holding Corp (VHC) — SEC Financial Statements & Analysis

VirnetX Holding Corp (VHC) is a patent owners & lessors company, incorporated in DE. VirnetX Holding Corp trades on Nasdaq as: VHC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), VirnetX Holding Corp reported a 128.00% year-over-year revenue growth, a Debt-to-Equity ratio of 0.53x, a Price-to-Sales (P/S) ratio of 419.99x (TTM), a Price-to-Book (P/B) ratio of 3.18x (TTM), at a market cap of $47.88M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 128.00%
Debt To Equity: 0.53x
P/S TTM: 419.99x
P/B TTM: 3.18x
Market Cap: $47.88M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is VirnetX Holding Corp in?

VirnetX Holding Corp (VHC) operates in the Patent Owners & Lessors industry.

What is VHC's market cap?

VirnetX Holding Corp (VHC) has a market capitalization of $47.88M as of 2026-06-30.

What exchange does VHC trade on?

VirnetX Holding Corp (VHC) trades on the Nasdaq.

Where is VirnetX Holding Corp incorporated?

VirnetX Holding Corp is incorporated in DE.