FY2025 · ended Dec 31, 2025 · Revenue $162,000, +3140.0% YoY · Filed Mar 24, 2026
VirnetX Holding Corporation (VHC) files with the SEC under industry code 6794, Patent Owners & Lessors. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $162,000 and a net loss of $18.2 million. Free cash flow was -$15.7 million. As of Jun 30, 2026 it held $13.9 million in cash and investments and $7.1 million in total debt.
Revenue (TTM)
$114,000
+128.0% vs year-ago TTM
Net income (TTM)
$-19.81M
-14.1% vs year-ago TTM
Operating cash flow (TTM)
$-16.43M
-5.6% vs year-ago TTM
Free cash flow (TTM)
$-16.45M
-5.7% vs year-ago TTM
EPS (TTM)
$-366.19
+43.3% vs year-ago TTM
Dividend per share
$0.00
-100.0% vs prior year
Shares outstanding
4.19M
-1.2% vs prior year
Net cash
$6.78M
as of Jun 30, 2026
Operating margin
-18078.9%
FY 2026
Company profile
- Industry
- Patent Owners & Lessors (SIC 6794)
- Listed as
- VHC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Zephyr Cove, NV
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1082324
- Former names
- PASW INC (until Oct 11, 2007); PACIFIC SOFTWORKS INC (until May 11, 2000)
Other Patent Owners & Lessors companies
- InterDigital, Inc. IDCC
- Dolby Laboratories, Inc. DLB
- Digital Turbine, Inc. APPS
- Acacia Research Corp ACTG
- JOINT Corp JYNT
- Alpha Modus Holdings, Inc. AMOD
- NETWORK-1 Technologies, Inc. NTIP
- Royalty Management Holding Corp RMCO
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $162,000 | $5,000 | $7,000 | $48,000 | $35,000 |
| Operating income | -$19.4M | -$20.4M | -$31.4M | -$22.1M | -$49.2M |
| Net income | -$18.2M | -$18.2M | -$27.9M | -$36.3M | -$42.9M |
| Diluted EPS | -$5.00 | -$5.05 | -$7.79 | -$10.17 | -$0.60 |
| Operating cash flow | -$15.6M | -$15.3M | -$24.8M | -$16.9M | -$51.7M |
| Free cash flow | -$15.7M | -$15.3M | -$24.8M | -$16.9M | -$51.7M |
| Total assets | $31.1M | $49.6M | $60.4M | $153.0M | $186.5M |
| Total liabilities | $8.6M | $10.0M | $4.4M | $731,000 | $1.1M |
| Stockholders' equity | $22.5M | $39.6M | $56.0M | $152.2M | $185.4M |
| Cash and investments | $21.5M | $38.1M | $53.5M | $152.0M | $169.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement
|
Oct 1, 2026 | Oct 1, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change, Shareholder vote results
|
Jun 16, 2026 | Jun 11, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
| ARS | Annual report to shareholders | Apr 24, 2026 | Dec 31, 2025 |
| 10-K | Annual report | Mar 24, 2026 | Dec 31, 2025 |
All 748 VirnetX Holding Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.