Symbols / VHC $14.63 -4.00% VirnetX Holding Corporation

Technology • Software - Infrastructure • United States • NCM
VHC Chart
About

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access. It also offers a portfolio of licenses and services, such as VirnetX One, a security-as-a-service platform that protects enterprise applications, services, and infrastructure from cyber-attacks; GABRIEL Connection Technology software development kit to assist with rapid integration of its techniques into existing software implementations; War Room software that offers safe and secure video conferencing meeting environment where sensitive communications and data is invisible to those not authorized to view it; and VirnetX Matrix that provides security for internet-enabled enterprise applications and their connected devices. It serves domain infrastructure and communication service providers, and system integrators; and enterprise customers, developers, and original equipment manufacturers of chips, servers, desktops, smart phones, tablets, laptops, net books, and other devices in the IP-telephony, mobility, fixed-mobile convergence, and unified communications markets. VirnetX Holding Corporation was incorporated in 2005 and is headquartered in Zephyr Cove, Nevada.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 62.48M
Enterprise Value 50.12M Income -18.23M Sales 162.00K
Book/sh 5.35 Cash/sh 5.14 Dividend Yield —
Payout 0.00% Employees 21 IPO —
P/E — Forward P/E 7.99 PEG —
P/S 385.69 P/B 2.74 P/C —
EV/EBITDA -2.65 EV/Sales 309.35 Quick Ratio 10.64
Current Ratio 10.70 Debt/Eq 34.92 LT Debt/Eq —
EPS (ttm) -5.00 EPS next Y 1.83 EPS Growth —
Revenue Growth — Earnings 2025-08-14 16:00 ROA -29.35%
ROE -58.70% ROIC — Gross Margin 100.00%
Oper. Margin -121.52% Profit Margin 0.00% Shs Outstand 4.19M
Shs Float 3.51M Short Float 4.50% Short Ratio 12.35
Short Interest — 52W High 29.00 52W Low 6.60
Beta 2.27 Avg Volume 19.64K Volume 8.88K
Target Price — Recom None Prev Close $15.24
Price $14.63 Change -4.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$14.63
Latest analyst target
3. DCF / Fair value
$-42.05
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$14.63
Low
—
High
—
Mean
—
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-03 O BRIEN THOMAS M Director — 625 $10.10 $6,315
2025-11-26 FEINER GARY W. Director — 1,875 $22.70 $42,562
2025-11-24 ANGELO MICHAEL F Director — 625 $20.89 $13,055
2025-06-12 O BRIEN THOMAS M Director — 7,500 $0.00 $0
2025-06-12 ANGELO MICHAEL F Director — 7,500 $0.00 $0
2025-06-12 FEINER GARY W. Director — 7,500 $0.00 $0
2025-06-12 CHOW HEIDY KINGWAN Director — 7,500 $0.00 $0
2024-11-14 LARSEN KENDALL Chief Executive Officer — 80,000 $0.00 $0
2024-11-12 SHORT ROBERT DUNHAM III Officer — 30,000 $0.00 $0
2024-11-12 ALLANSON KATHERINE Chief Financial Officer — 30,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
0.16
+3140.00%
0.01
-28.57%
0.01
-85.42%
0.05
Operating Revenue
0.16
+3140.00%
0.01
-28.57%
0.01
-85.42%
0.05
Operating Expense
19.10
-6.37%
20.40
-35.13%
31.45
+42.16%
22.12
Research And Development
5.65
-6.36%
6.04
-37.84%
9.71
+51.62%
6.41
Selling General And Administration
13.45
-6.38%
14.36
-33.93%
21.74
+38.27%
15.72
Other Operating Expenses
—
—
—
-0.00
Total Expenses
19.10
-6.37%
20.40
-35.13%
31.45
+42.16%
22.12
Operating Income
-18.94
+7.14%
-20.40
+35.13%
-31.45
-42.44%
-22.08
Total Operating Income As Reported
-19.44
+4.69%
-20.40
+35.13%
-31.45
-42.44%
-22.08
EBITDA
-18.92
+7.16%
-20.38
+35.18%
-31.44
-42.44%
-22.07
Normalized EBITDA
-18.42
+9.61%
-20.38
+35.18%
-31.44
-42.44%
-22.07
Reconciled Depreciation
0.02
+9.52%
0.02
+133.33%
0.01
+28.57%
0.01
EBIT
-18.94
+7.14%
-20.40
+35.13%
-31.45
-42.44%
-22.08
Total Unusual Items
-0.50
0.00
—
0.00
Total Unusual Items Excluding Goodwill
-0.50
0.00
—
0.00
Special Income Charges
-0.50
0.00
—
0.00
Write Off
0.50
0.00
—
—
Net Income
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Pretax Income
-18.23
-0.30%
-18.17
+34.98%
-27.95
-38.17%
-20.23
Net Non Operating Interest Income Expense
1.21
-45.48%
2.23
-36.34%
3.50
+89.12%
1.85
Net Interest Income
1.21
-45.48%
2.23
-36.34%
3.50
+89.12%
1.85
Interest Income Non Operating
1.21
-45.48%
2.23
-36.34%
3.50
+89.12%
1.85
Interest Income
1.21
-45.48%
2.23
-36.34%
3.50
+89.12%
1.85
Other Income Expense
-0.50
—
—
—
Tax Provision
-0.00
-166.67%
0.00
+103.80%
-0.08
-100.49%
16.03
Tax Rate For Calcs
0.00
-99.95%
0.00
+7400.00%
0.00
-98.67%
0.00
Tax Effect Of Unusual Items
-0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Net Income From Continuing Operation Net Minority Interest
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Net Income From Continuing And Discontinued Operation
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Net Income Continuous Operations
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Normalized Income
-17.73
+2.48%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Net Income Common Stockholders
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Diluted EPS
—
-5.05
+35.17%
-7.79
+23.40%
-10.17
Basic EPS
—
-5.05
+35.17%
-7.79
+23.40%
-10.17
Basic Average Shares
—
3.60
+0.47%
3.58
+0.39%
3.56
Diluted Average Shares
—
3.60
+0.47%
3.58
+0.39%
3.56
Diluted NI Availto Com Stockholders
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
31.06
-37.39%
49.61
-17.88%
60.41
-60.51%
152.97
Current Assets
21.67
-43.29%
38.20
-29.03%
53.83
-64.65%
152.26
Cash Cash Equivalents And Short Term Investments
21.53
-43.47%
38.08
-28.88%
53.55
-64.78%
152.02
Cash And Cash Equivalents
15.55
-33.26%
23.30
-11.38%
26.29
-69.63%
86.56
Cash Equivalents
14.75
-31.47%
21.52
-13.36%
24.84
-64.32%
69.61
Cash Financial
0.80
-54.92%
1.78
+22.38%
1.45
-91.43%
16.95
Other Short Term Investments
5.98
-59.56%
14.79
-45.76%
27.26
-58.36%
65.46
Receivables
0.02
0.00
-100.00%
0.00
-85.71%
0.01
Accounts Receivable
0.02
0.00
-100.00%
0.00
-85.71%
0.01
Prepaid Assets
—
—
—
0.00
Other Current Assets
0.12
-1.64%
0.12
-56.74%
0.28
+25.89%
0.22
Total Non Current Assets
9.40
-17.62%
11.40
+73.30%
6.58
+821.71%
0.71
Net PPE
0.06
-8.96%
0.07
+0.00%
0.07
+509.09%
0.01
Gross PPE
0.27
+6.61%
0.26
+9.36%
0.23
+37.43%
0.17
Accumulated Depreciation
-0.21
-12.11%
-0.19
-13.10%
-0.17
-5.00%
-0.16
Machinery Furniture Equipment
0.27
+6.61%
0.26
+9.36%
0.23
+37.43%
0.17
Investments And Advances
2.00
-20.00%
2.50
+0.00%
2.50
0.00
Other Investments
2.00
-20.00%
2.50
+0.00%
2.50
0.00
Non Current Deferred Assets
—
—
—
0.00
Non Current Deferred Taxes Assets
—
—
—
0.00
Non Current Prepaid Assets
—
—
—
—
Other Non Current Assets
7.33
-17.01%
8.84
+120.18%
4.01
+470.98%
0.70
Total Liabilities Net Minority Interest
8.59
-14.00%
9.99
+127.01%
4.40
+501.78%
0.73
Current Liabilities
2.02
-71.86%
7.20
+473.76%
1.25
+71.55%
0.73
Payables And Accrued Expenses
0.64
+8.43%
0.59
-21.56%
0.76
+10.53%
0.68
Payables
0.39
+15.48%
0.34
-23.64%
0.44
+17.96%
0.37
Accounts Payable
0.39
+15.48%
0.34
-23.64%
0.44
+17.96%
0.37
Current Accrued Expenses
0.26
-0.78%
0.26
-18.67%
0.32
+1.61%
0.31
Other Current Liabilities
1.38
-79.07%
6.60
+1225.70%
0.50
+959.57%
0.05
Total Non Current Liabilities Net Minority Interest
6.56
+135.15%
2.79
-11.26%
3.15
0.00
Other Non Current Liabilities
6.56
+135.15%
2.79
-11.26%
3.15
—
Stockholders Equity
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Common Stock Equity
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Capital Stock
0.00
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
4.20
-0.86%
4.24
+17.14%
3.62
+1.32%
3.57
Ordinary Shares Number
4.20
-0.86%
4.24
+17.14%
3.62
+1.32%
3.57
Additional Paid In Capital
245.39
+0.45%
244.29
+0.73%
242.52
+1.15%
239.75
Retained Earnings
-222.90
-8.90%
-204.67
-9.75%
-186.50
-113.88%
-87.19
Gains Losses Not Affecting Retained Earnings
-0.02
0.00
+100.00%
-0.01
+96.18%
-0.31
Other Equity Adjustments
-0.02
—
-0.01
+96.18%
-0.31
Total Equity Gross Minority Interest
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Total Capitalization
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Working Capital
19.64
-36.66%
31.01
-41.02%
52.58
-65.30%
151.53
Invested Capital
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Net Tangible Assets
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Tangible Book Value
22.47
-43.28%
39.62
-29.26%
56.01
-63.21%
152.24
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-15.64
-2.07%
-15.33
+38.13%
-24.77
-46.65%
-16.89
Cash Flow From Continuing Operating Activities
-15.64
-2.07%
-15.33
+38.13%
-24.77
-46.65%
-16.89
Net Income From Continuing Operations
-18.23
-0.28%
-18.18
+34.79%
-27.87
+23.14%
-36.26
Depreciation Amortization Depletion
0.02
+9.52%
0.02
+133.33%
0.01
+28.57%
0.01
Depreciation
0.02
+9.52%
0.02
+133.33%
0.01
+28.57%
0.01
Depreciation And Amortization
0.02
+9.52%
0.02
+133.33%
0.01
+28.57%
0.01
Other Non Cash Items
—
—
—
—
Stock Based Compensation
1.97
+3.58%
1.90
-31.53%
2.78
-16.58%
3.33
Provisionand Write Offof Assets
0.00
-100.00%
0.00
-93.33%
0.01
0.00
Asset Impairment Charge
0.50
0.00
-100.00%
0.01
—
Deferred Tax
—
—
0.00
-100.00%
16.03
Deferred Income Tax
—
—
0.00
-100.00%
16.03
Operating Gains Losses
—
—
—
—
Gain Loss On Investment Securities
—
—
—
—
Change In Working Capital
0.09
-90.48%
0.92
+212.16%
0.30
+14900.00%
-0.00
Change In Receivables
-0.02
-2000.00%
0.00
+133.33%
-0.00
-200.00%
0.00
Changes In Account Receivables
-0.02
-2000.00%
0.00
+133.33%
-0.00
-200.00%
0.00
Change In Prepaid Assets
1.01
+18.87%
0.85
+125.17%
-3.37
-1127.13%
0.33
Change In Payables And Accrued Expense
0.05
+130.67%
-0.16
-326.39%
0.07
+125.81%
-0.28
Change In Accrued Expense
-0.00
+96.61%
-0.06
-1280.00%
0.01
+101.59%
-0.31
Change In Payable
0.05
+150.00%
-0.10
-255.22%
0.07
+91.43%
0.04
Change In Account Payable
0.05
+150.00%
-0.10
-255.22%
0.07
+91.43%
0.04
Change In Other Current Liabilities
-0.95
-499.58%
0.24
-93.38%
3.60
+6759.26%
-0.05
Investing Cash Flow
8.77
-29.64%
12.46
-65.32%
35.94
+193.27%
-38.53
Cash Flow From Continuing Investing Activities
8.77
-29.64%
12.46
-65.32%
35.94
+193.27%
-38.53
Net PPE Purchase And Sale
-0.02
+22.73%
-0.02
+66.15%
-0.07
0.00
Purchase Of PPE
-0.02
+22.73%
-0.02
+66.15%
-0.07
0.00
Capital Expenditure
-0.02
+22.73%
-0.02
+66.15%
-0.07
—
Net Investment Purchase And Sale
8.79
-29.63%
12.48
-65.33%
36.01
+193.44%
-38.53
Purchase Of Investment
-16.18
+43.48%
-28.62
+42.42%
-49.72
+25.88%
-67.07
Sale Of Investment
24.97
-39.27%
41.11
-52.04%
85.72
+200.41%
28.54
Financing Cash Flow
-0.87
-576.74%
-0.13
+99.82%
-71.44
-246244.83%
-0.03
Cash Flow From Continuing Financing Activities
-0.87
-576.74%
-0.13
+99.82%
-71.44
-246244.83%
-0.03
Net Common Stock Issuance
—
—
—
0.00
Common Stock Dividend Paid
—
0.00
+100.00%
-71.43
0.00
Cash Dividends Paid
—
0.00
+100.00%
-71.43
0.00
Proceeds From Stock Option Exercised
0.01
0.00
—
0.00
Net Other Financing Charges
-0.88
-581.40%
-0.13
-1072.73%
-0.01
+62.07%
-0.03
Changes In Cash
-7.75
-158.87%
-2.99
+95.03%
-60.27
-8.68%
-55.46
Beginning Cash Position
23.30
-11.38%
26.29
-69.63%
86.56
-39.05%
142.02
End Cash Position
15.55
-33.26%
23.30
-11.38%
26.29
-69.63%
86.56
Free Cash Flow
-15.66
-2.03%
-15.35
+38.20%
-24.84
-47.03%
-16.89
Income Tax Paid Supplemental Data
0.00
-66.67%
0.00
0.00
-100.00%
0.00
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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