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VNRX Financials VOLITIONRX LTD

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 →

Growth & profitability

  • Revenue has grown 164.1% per year over the past 5 years.

Financial health

  • Total debt ($7M) exceeds cash ($1M); net debt is $6M.
  • Total debt has grown slower than revenue (20.2% vs 164.1% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$116M $3M $122M $0 2018 2019 2019 2020 2021 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-158176% -79088% 0% 2018 2019 2019 2020 2021 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$26M -$13M $0 2018 2019 2019 2020 2021 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $14M $28M 2018 2019 2019 2020 2021 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$26M $2M $29M $0 2018 2019 2019 2020 2021 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2M -$23M 0.0% -1258.5% -$20M $7M $1M
2024 $1M -$27M 0.0% -2190.9% -$26M $5M $3M
2023 $775302 -$36M 0.0% -4641.8% -$19M $5M $21M
2022 $306392 -$31M 0.0% -10372.4% -$17M $4M $11M
2021 $90035 -$27M 0.0% -31469.0% -$22M $3M $21M
2021 $122M $3M $28M
2021 -$116M $3M
2020 $13433 -$20M 0.0% -158176.2% -$18M $3M $19M
2020 -$96M $3M
2019 $17096 -$16M 0.0% -93840.2% -$13M $3M
2019 -$86M $2M
2019 -$82M $3M
2019 -$78M $2M
2018 -$18M -$14M $3M
2018 -$69M $2M

Valuation over time

How the market has priced VNRX 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.

Price / sales (P/S)
0.0 25.7 51.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VNRX growing its revenue and profit?

Over the past 5 years, VOLITIONRX LTD's revenue has grown 164.1% per year. These are computed facts, not advice.

How much debt does VNRX have?

As of FY2025, VOLITIONRX LTD reported $7M of total debt against $1M of cash.

What is VNRX's profit margin?

In FY2025, gross margin was —, operating margin -1258.5%, and net margin -1352.2%.

Where does this data come from?

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.