15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $162000 | -$18M | 0.0% | -12000.0% | -81.1% | -58.7% | -$16M | — | $16M |
| 2024 | $5000 | -$18M | 0.0% | -407940.0% | -45.9% | -36.6% | -$15M | — | $23M |
| 2023 | $7000 | -$28M | 0.0% | -449214.3% | -49.8% | -46.1% | -$25M | — | $26M |
| 2022 | $48000 | -$36M | 0.0% | -45991.7% | -23.8% | -23.7% | -$17M | — | $87M |
| 2021 | $35000 | -$43M | 0.0% | -140497.1% | -23.1% | -23.0% | -$52M | — | $142M |
| 2020 | $303M | $280M | 0.0% | 52.2% | 124.9% | 119.4% | $281M | — | $193M |
| 2019 | $85000 | -$19M | 0.0% | -23135.3% | -340.8% | -255.8% | -$15M | — | $3M |
| 2018 | $63000 | -$25M | 0.0% | -40407.9% | -256.9% | -216.2% | -$22M | — | $8M |
| 2017 | $2M | -$17M | 0.0% | -1119.7% | -1112.6% | -240.8% | -$15M | — | $3M |
| 2016 | $2M | -$29M | 0.0% | -1839.0% | -256.3% | -151.4% | -$22M | — | $7M |
| 2015 | — | -$29M | — | — | -193.7% | -131.9% | -$26M | — | $9M |
| 2014 | — | -$10M | — | — | -30.3% | -22.0% | — | — | $19M |
| 2013 | — | -$28M | — | — | -81.1% | -70.1% | -$7M | — | $19M |
| 2012 | — | -$27M | — | — | -49.9% | -43.9% | -$20M | — | $20M |
| 2011 | — | -$17M | — | — | -25.3% | -23.1% | -$18M | — | $49M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $0 | -$5M | — | — | -30.1% | -19.7% | — | — | $13M |
| Mar '26 | $0 | -$4M | — | — | -23.1% | -16.3% | — | — | $15M |
| Dec '25 | $56000 | -$7M | 0.0% | -12151.8% | -29.3% | -21.2% | -$6M | — | $16M |
| Sep '25 | $58000 | -$4M | 0.0% | -8006.9% | -14.8% | -11.4% | -$3M | — | $17M |
| Jun '25 | $48000 | -$4M | 0.0% | -8216.7% | -10.9% | -8.7% | — | — | $17M |
| Mar '25 | $0 | -$4M | — | — | -10.1% | -8.2% | — | — | $23M |
| Dec '24 | $0 | -$6M | — | — | -15.7% | -12.5% | -$6M | — | $23M |
| Sep '24 | $2000 | -$4M | 0.0% | -219350.0% | -8.4% | -6.9% | -$3M | — | $25M |
| Jun '24 | $1000 | -$4M | 0.0% | -441500.0% | -7.8% | -6.5% | — | — | $26M |
| Mar '24 | $2000 | -$4M | 0.0% | -246300.0% | -8.2% | -6.9% | — | — | $28M |
| Dec '23 | $0 | -$7M | — | — | -12.7% | -11.8% | -$7M | — | $26M |
| Sep '23 | $3000 | -$5M | 0.0% | -187833.3% | -7.9% | -7.7% | -$3M | — | $28M |
| Jun '23 | $2000 | -$11M | 0.0% | -605950.0% | -17.1% | -16.9% | — | — | $26M |
| Mar '23 | $2000 | -$4M | 0.0% | -295700.0% | -5.8% | -3.0% | — | — | $97M |
| Dec '22 | $5000 | -$24M | 0.0% | -161020.0% | -15.9% | -15.8% | — | — | $87M |
| Sep '22 | $4000 | -$4M | 0.0% | -133875.0% | -2.4% | -2.4% | — | — | $106M |
| Jun '22 | $34000 | -$4M | 0.0% | -12550.0% | -2.5% | -2.5% | — | — | $127M |
| Mar '22 | $5000 | -$3M | 0.0% | -88060.0% | -1.8% | -1.8% | — | — | $136M |
| Dec '21 | $11000 | -$6M | 0.0% | -64945.5% | -3.4% | -3.4% | -$3M | — | $142M |
| Sep '21 | $4000 | -$3M | 0.0% | -105900.0% | -1.7% | -1.7% | — | — | $148M |
How the market has priced VHC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, VirnetX Holding Corp's revenue has declined 77.8% per year. These are computed facts, not advice.
As of FY2025, VirnetX Holding Corp reported — of total debt against $16M of cash.
In FY2025, gross margin was —, operating margin -12000.0%, and net margin -11250.0%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.