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 | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $162000 | -$18M | 0.0% | -12000.0% | -$16M | — | $16M |
| 2024 | $5000 | -$18M | 0.0% | -407940.0% | -$15M | — | $23M |
| 2023 | $7000 | -$28M | 0.0% | -449214.3% | -$25M | — | $26M |
| 2022 | $48000 | -$36M | 0.0% | -45991.7% | -$17M | — | $87M |
| 2021 | $35000 | -$43M | 0.0% | -140497.1% | -$52M | — | $142M |
| 2020 | $303M | $280M | 0.0% | 52.2% | $281M | — | $193M |
| 2019 | $85000 | -$19M | 0.0% | -23135.3% | -$15M | — | $3M |
| 2018 | $63000 | -$25M | 0.0% | -40407.9% | -$22M | — | $8M |
| 2017 | $2M | -$17M | 0.0% | -1119.7% | -$15M | — | $3M |
| 2016 | $2M | -$29M | 0.0% | -1839.0% | -$22M | — | $7M |
| 2015 | — | -$29M | — | — | -$26M | — | $9M |
| 2014 | — | -$10M | — | — | — | — | $19M |
| 2013 | — | -$28M | — | — | -$7M | — | $19M |
| 2012 | — | -$27M | — | — | -$20M | — | $20M |
| 2011 | — | -$17M | — | — | -$18M | — | $49M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $0 | -$4M | — | — | — | — | $15M |
| Dec '25 | $56000 | -$7M | 0.0% | -12151.8% | -$6M | — | $16M |
| Sep '25 | $58000 | -$4M | 0.0% | -8006.9% | -$3M | — | $17M |
| Jun '25 | $48000 | -$4M | 0.0% | -8216.7% | — | — | $17M |
| Mar '25 | $0 | -$4M | — | — | — | — | $23M |
| Dec '24 | $0 | -$6M | — | — | -$6M | — | $23M |
| Sep '24 | $2000 | -$4M | 0.0% | -219350.0% | -$3M | — | $25M |
| Jun '24 | $1000 | -$4M | 0.0% | -441500.0% | — | — | $26M |
| Mar '24 | $2000 | -$4M | 0.0% | -246300.0% | — | — | $28M |
| Dec '23 | $0 | -$7M | — | — | -$7M | — | $26M |
| Sep '23 | $3000 | -$5M | 0.0% | -187833.3% | -$3M | — | $28M |
| Jun '23 | $2000 | -$11M | 0.0% | -605950.0% | — | — | $26M |
| Mar '23 | $2000 | -$4M | 0.0% | -295700.0% | — | — | $97M |
| Dec '22 | $5000 | -$24M | 0.0% | -161020.0% | — | — | $87M |
| Sep '22 | $4000 | -$4M | 0.0% | -133875.0% | — | — | $106M |
| Jun '22 | $34000 | -$4M | 0.0% | -12550.0% | — | — | $127M |
| Mar '22 | $5000 | -$3M | 0.0% | -88060.0% | — | — | $136M |
| Dec '21 | $11000 | -$6M | 0.0% | -64945.5% | -$3M | — | $142M |
| Sep '21 | $4000 | -$3M | 0.0% | -105900.0% | — | — | $148M |
| Jun '21 | $15000 | -$7M | 0.0% | -27613.3% | — | — | $154M |
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.