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NASDAQ · PATENT OWNERS & LESSORS · SMALL CAP

VirnetX Holding Corp. VHC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$162,000
▲ 3140.0% YoY
$-18.2M
$-15.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

USD 162,000.00
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 0.2 · Net income -18.2
150M300M-20M-40M
2009201220152018202120242025
Compound annual growth
+50.0%
−77.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −77.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2025 · Operating -12000.0%
-200000%-400000%
200920172025
ROE
FY2025 · ROE -58.7%
100%200%-200%-400%
200920172025
Three returns, three denominators.

Each USD of equity lost 59 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -15.7
100M200M-20M-40M
200920172025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks ·
30M60M
2010201920202021202220232024

Total assetsUSD 31.1M
EquityUSD 22.5M
CashUSD 15.5M
Current ratio10.70×

Equity funds 72% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VHC, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.00.00.00.00.00.30.00.00.00.0◌◌◌◌◌◌◌
Operating income $B−0.0−0.0−0.0−0.0−0.00.2−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.1−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.00.2−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.1−0.0
Income tax $B−0.00.0−0.00.0−0.00.0−0.00.00.00.00.00.00.0−0.0−0.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.00.3−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.10.3−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.00.1−0.0
EPS, diluted $−5.00−5.05−7.79−10.17−0.603.92−0.28−0.40−0.30−0.51−0.56−0.19−0.54−0.53−0.350.84−0.33
Dividend / sh $◌0.0020.000.000.001.000.00◌◌◌◌◌◌0.000.000.500.00
Payout %—−0−256−0−025−0————————0—
ROE %−58.7−38.0−26.8−21.5−20.9243.8−247.2−444.1−272.1−217.7−122.5−29.7−62.8−44.1−27.0——
Shares out B0.000.000.000.070.070.070.070.070.060.060.050.050.050.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPatent Owners & Lessors
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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