VirnetX Holding Corp (VHC)
VirnetX Holding Corp brought in $114K of revenue over the twelve months to June 30, 2026, up 128.0% from a year earlier. It posted a net loss of $19.8M. In fiscal 2025 capital spending exceeded operating cash flow by $15.7M. At June 30, 2026 it held $13.1M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about VirnetX Holding Corp
- Net worth
- VirnetX Holding Corp has a market value (market cap) of $41.8M at the latest share price, and shareholders' equity of $15.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $162K (+3,140.0% year on year), with a net loss of $18.2M. Over the 12 months to June 30, 2026: revenue $114K, net loss $19.8M.
- Cash flow
- In fiscal 2025 operations used $15.6M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- VirnetX Holding Corp's next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What VirnetX Holding Corp does
VirnetX Holding Corp is registered with the SEC under industry code SIC 6794 (Patent Owners & Lessors). Its shares trade on NASDAQ under the ticker VHC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $162K | -$18.2M | -$5.00 | -$15.7M |
| 2024 | $5K | -$18.2M | -$5.05 | -$15.3M |
| 2023 | $7K | -$27.9M | -$7.79 | -$24.8M |
| 2022 | $48K | -$36.3M | -$10.17 | -$16.9M |
| 2021 | $35K | -$42.9M | -$11.96 | -$51.7M |
| 2020 | $302.6M | $280.4M | $78.17 | $281.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where VHC ranks in Other
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | $0.00 | $0 | n/a |
| 2023 | $20.00 | $71.4M | n/a |
| 2022 | $0.00 | $0 | n/a |
| 2021 | $0.00 | $0 | n/a |
| 2020 | $19.94 | $70.8M | 25% |
| 2019 | $0.00 | $0 | n/a |
Latest SEC filings
What VirnetX Holding Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 1, 2026Material agreement8-KVirnetX entered into an at-the-market offering agreement to sell up to $19,135,717 of common stock.
- August 14, 2026
- June 17, 2026
- June 16, 2026
- May 15, 2026
- May 15, 2026
- April 24, 2026
- April 24, 2026Additional proxy material DEFA14A
- April 24, 2026Proxy statement DEF 14A
- March 24, 2026Annual report 10-K · period to December 31, 2025Revenue rose 3,140% to $162K versus the prior year; diluted EPS -$5.00 versus -$5.05.
Insider trades
What the people running VirnetX Holding Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $489.2K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Angelo Michael FDirector | Soldpre-planned (10b5-1) | 1,000 | $10.3K |
| September 14, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 4,425 | $49.4K |
| September 11, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 8,000 | $91K |
| September 10, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 8,000 | $91.9K |
| September 2, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 4,057 | $46.4K |
| September 2, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 518 | $6.3K |
| September 1, 2026 | Larsen KendallPresident & CEO, Director, 10% owner | Soldpre-planned (10b5-1) | 5,000 | $55K |
| September 1, 2026 | Feiner GaryDirector | Soldpre-planned (10b5-1) | 3,750 | $41.3K |
Who owns VHC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Kendall Larsen13D, may seek influence | 13.8% | November 14, 2024 |
| Larsen Kendall13D, may seek influence | 12.1% | November 26, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 30 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Vanguard Capital Management LLC | 157,685 | +2,144 |
| Williams Jones Wealth Management, LLC. | 99,271 | -869 |
| Csenge Advisory Group | 68,360 | 0 |
| BlackRock, Inc. | 66,149 | +2,841 |
| Geode Capital Management, LLC | 43,214 | -4,719 |
| Baird Financial Group, Inc. | 28,041 | new |
| Vanguard Fiduciary Trust Co | 22,780 | +148 |
| Citadel Advisors LLC | 21,024 | new |
| HighTower Advisors, LLC | 20,571 | 0 |
| Forum Financial Management, LP | 17,321 | 0 |
| State Street Corp | 15,047 | 0 |
| Barclays PLC | 10,304 | new |
| Jpmorgan Chase & Co | 4,092 | -665 |
| UBS Group AG | 2,848 | -3 |
| Royal Bank of Canada | 1,875 | 0 |
| Osaic Holdings, Inc. | 1,536 | -500 |
| Cornerstone National Bank & Trust Co | 1,200 | 0 |
| Vanguard Global Advisers, LLC | 1,123 | 0 |
| Morgan Stanley | 879 | -547 |
| Integrated Wealth Concepts LLC | 581 | new |
Insiders
6 insiders reported holding 488,878 shares in total, about $4.8M at the last price.
| Holder | Shares |
|---|---|
| Larsen KendallPresident & CEO, Director, 10% owner | 339,633 |
| Chow Heidy KingwanDirector | 37,500 |
| O'Brien Thomas MDirector | 35,457 |
| Allanson KatherineChief Financial Officer | 31,205 |
| Angelo Michael FDirector | 28,209 |
| Feiner GaryDirector | 16,874 |
Questions about VHC
What does VirnetX Holding Corp do?
VirnetX Holding Corp is a company in the Other sector, listed on NASDAQ as VHC. Its shares trade on NASDAQ under the ticker VHC.
What is VirnetX Holding Corp's net worth?
VirnetX Holding Corp has a market value (market cap) of $41.8M at the latest share price, and shareholders' equity of $15.1M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is VirnetX Holding Corp profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $19.8M on revenue of $114K.
How much revenue does VirnetX Holding Corp make?
Over the twelve months to June 30, 2026 VirnetX Holding Corp reported revenue of $114K. That is 128.0% more than a year earlier.
When did VirnetX Holding Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.
When is VirnetX Holding Corp's next earnings report?
VirnetX Holding Corp's next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare VHC with
Follow VHC
Get an email when VirnetX Holding Corp files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values VirnetX Holding Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.