VOLITIONRX LTD
Business
VolitionRx Limited is a multinational epigenetics company developing blood-based diagnostic tests using patented nucleosome and transcription-factor biomarkers to detect and monitor cancers, sepsis, and other life-altering diseases. The company offers Nu.Q® Vet Cancer Test (commercially available in dogs across multiple markets), Nu.Q® NETs (CE-marked for NETosis-related conditions), Nu.Q® Cancer (for lung cancer and broader oncology), Nu.Q® Discover (research profiling service), and Capture-PCR™/Capture-Seq™ technologies for liquid biopsy. VolitionRx operates through in-house R&D, manufacturing facilities in Belgium, and global distribution partnerships with major diagnostics companies (Werfen, Hologic, Revvity, Antech, IDEXX, Fujifilm Vet Systems) and regional distributors in human and veterinary markets.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Service | 450,805 | 228,138 | — | — | — | |
| Product | 1 | 1 | — | — | — | |
| Total Revenues | 2 | 1 | 775,302 | 306,392 | 90,035 | |
| Research and development | 10 | 14 | 20 | 15 | 13 | |
| General and administrative | 9 | 8 | 10 | 10 | 12 | |
| Sales and marketing | 4 | 5 | 7 | 7 | 4 | |
| Total Operating Expenses | 23 | 28 | 37 | 32 | 28 | |
| Operating Loss | −22 | −27 | −36 | −32 | −28 | |
| Grant income | 516,515 | 103,368 | 214,451 | 1 | 2 | |
| Gain /( Loss) on disposal of fixed assets | 1,829 | −34,731 | −15,843 | 0 | — | |
| Interest income | 600 | 9,947 | 93,324 | 125,265 | 2,734 | |
| Interest expense | −532,192 | −340,362 | −221,622 | −173,087 | −155,803 | |
| Amortization of debt discount | −2 | 0 | — | — | — | |
| Gain on change in fair value of warrant liability | 76,908 | 28,763 | — | — | — | |
| Gain on change in fair value of derivative liability | 128,729 | 0 | 240,311 | 0 | — | |
| Total Other Income (Expenses) | −2 | −233,015 | 310,621 | — | — | |
| Net Loss | −24 | −27 | — | — | — | |
| Net Loss attributable to Non-Controlling Interest | 146,302 | 290,149 | — | 329,676 | 175,116 | |
| Net Loss attributable to VolitionRx Limited Stockholders | −23 | −27 | −36 | −31 | −27 | |
| Foreign currency translation adjustments | −680,702 | 141,691 | — | — | — | |
| Net Comprehensive Loss | −24 | −27 | −36 | −31 | — | |
| Loss Per Common Share Attributable to Common Stockholders - Basic and Diluted | −0.22 | −0.31 | — | — | −0.51 | |
| Weighted Average Number of Shares Outstanding, Diluted | 107 | 87 | 71 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 3 | 21 | 11 | — | |
| Accounts receivable, net | 317,808 | 110,574 | 242,617 | 72,609 | 12,510 | |
| Prepaid expenses | 433,680 | 338,660 | 521,370 | 784,920 | 598,367 | |
| Other current assets | 192,409 | 343,145 | 360,125 | 447,566 | 786,642 | |
| Total Current Assets | 2 | 4 | 22 | 12 | 22 | |
| Property and equipment, net | 4 | 4 | 6 | 5 | 5 | |
| Operating lease right-of-use assets | 495,749 | 599,816 | 549,504 | 619,392 | 383,551 | |
| Intangible assets, net | 316,704 | 313,747 | 23,886 | 110,505 | 216,876 | |
| Total Assets | 7 | 9 | 28 | 18 | 27 | |
| Accounts payable | 3 | 3 | 3 | 3 | 2 | |
| Accrued liabilities | 4 | 3 | 4 | 3 | 4 | |
| Deferred revenue | 353,846 | 230,000 | 106,600 | 10 | 12,512 | |
| Management and directors' fees payable | 80,939 | 30,086 | 59,625 | 71,119 | 71,303 | |
| Current portion of long-term debt | 890,571 | 860,223 | 1 | 1 | 797,855 | |
| Current portion of financing lease liabilities | 54,377 | 46,737 | 48,570 | 46,014 | 48,958 | |
| Current portion of operating lease liabilities | 250,336 | 221,755 | 199,323 | 245,163 | 171,166 | |
| Current portion of grants repayable | 117,093 | 60,979 | 55,855 | 41,836 | — | |
| Warrant liability | 20,978 | 97,886 | — | — | — | |
| Derivative liability | 913,742 | 0 | — | — | — | |
| Current portion of convertible note payable, net | 2 | 0 | — | — | — | |
| Total Current Liabilities | 12 | 8 | 9 | 17 | 7 | |
| Long-term debt, net of current portion | 6 | 4 | 4 | 3 | 2 | |
| Deferred revenue, net of current portion | 22 | 23 | — | — | — | |
| Finance lease liabilities, net of current portion | 317,859 | 328,338 | 400,022 | 436,132 | 511,086 | |
| Operating lease liabilities, net of current portion | 276,558 | 410,686 | 378,054 | 400,091 | 217,305 | |
| Grants repayable, net of current portion | 473,652 | 361,242 | 422,707 | — | — | |
| Convertible note payable, net of current portion | 1 | 0 | — | — | — | |
| Total Liabilities | 42 | 36 | 37 | 21 | 10 | |
| Common stock Authorized: 325,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 125,779,769 shares and 96,097,485 shares, respectively | 125,780 | 96,098 | 81,898 | 57,873 | 53,772 | |
| Additional paid-in capital | 219 | 204 | 194 | 164 | 155 | |
| Accumulated other comprehensive income | −295,071 | 385,631 | 243,940 | 227,097 | 148,326 | |
| Accumulated deficit | −253 | −230 | −203 | −167 | −137 | |
| Total VolitionRx Limited Stockholders' Deficit | −34 | −25 | −8 | −3 | 18 | |
| Non-controlling interest | −1 | −1 | −909,967 | −551,971 | — | |
| Total Stockholders' Deficit | −36 | −26 | −9 | −3 | 18 | |
| Total Liabilities and Stockholders' Deficit | 7 | 9 | 28 | 18 | 27 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 983,706 | 1 | 1 | 936,084 | 945,367 | |
| Amortization of operating lease right-of-use assets | 232,695 | 225,748 | 260,743 | 253,864 | 199,793 | |
| Amortization of debt discount | 2 | 0 | — | — | — | |
| Stock based compensation | 2 | 1 | 2 | 3 | 2 | |
| Gain on change in derivative liability | −128,729 | 0 | — | — | — | |
| Gain on change in fair value of warrant liability | −76,908 | −28,763 | — | — | — | |
| Accounts receivable | −207,234 | 132,045 | −169,666 | −72,609 | −12,510 | |
| Prepaid expenses | −95,020 | 182,710 | 263,550 | 433,995 | −295,189 | |
| Other current assets | 150,736 | 16,980 | 87,441 | 351,514 | −202,801 | |
| Accounts payable and accrued liabilities | 77,977 | −1 | 1 | 548,611 | 522,220 | |
| Deferred revenue | −601,092 | −106,600 | 13 | 10 | 12,512 | |
| Management and directors' fees payable | 50,853 | 0 | — | — | — | |
| Operating lease liabilities | −262,018 | −257,204 | −258,853 | −232,695 | — | |
| Net Cash Used In Operating Activities | −20 | −26 | −18 | −15 | −21 | |
| Purchases of property and equipment | −89,558 | −277,499 | −1 | −2 | −973,559 | |
| Purchase of license | 0 | −296,353 | — | — | — | |
| Net Cash Used In Investing Activities | −89,558 | −573,852 | −1 | −2 | −973,559 | |
| Net proceeds from issuance of common shares | 11 | 9 | 28 | 7 | 23 | |
| Tax withholdings paid related to stock-based compensation | −210,034 | −139,939 | −203,878 | −180,472 | −130,426 | |
| Proceeds from grants repayable | 111,043 | 0 | — | — | — | |
| Proceeds from long-term debt | 2 | 1 | 2 | 2 | — | |
| Net proceeds from issuance of convertible note and warrants | 6 | 0 | — | — | — | |
| Payments on long-term debt | −877,550 | −1 | −981,291 | −1 | — | |
| Payments on convertible loan note | −833,334 | 0 | — | — | — | |
| Payments on grants repayable | 0 | −28,213 | −22,096 | −45,664 | −47,789 | |
| Payments on financing leases | −50,634 | −47,723 | −46,506 | — | — | |
| Net Cash Provided By Financing Activities | 17 | 9 | 29 | 7 | 23 | |
| Effect of foreign exchange on cash and cash equivalents | 532,633 | 344,668 | 26,996 | 195,629 | 106,502 | |
| Net Change in Cash and Cash Equivalents | −2 | −17 | 10 | −10 | 1 | |
| Cash paid for Interest | 280,718 | 340,362 | 221,622 | 173,110 | 155,803 | |
| Common stock issued for settlement of vested RSUs | 2,091 | 731 | — | — | — | |
| Fair value of derivative liability recognized upon issuance of convertible note | 1 | 0 | — | — | — | |
| Issuance of warrants in connection with convertible note offering | 2 | 0 | — | — | — | |
| Debt issuance cost recognized upon issuance of convertible note | 2 | 0 | — | — | — | |
| Common stock issued for license rights | 0 | 125,258 | — | — | — | |
| Offering costs from issuance of common stock | 605,514 | 325,090 | 392,822 | — | — | |
| Non-cash note payable | 292,470 | 294,603 | 356,258 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is VOLITIONRX LTD's CIK number?
VOLITIONRX LTD's SEC CIK number is 0000093314 (93314). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find VOLITIONRX LTD's SEC filings?
All of VOLITIONRX LTD's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did VOLITIONRX LTD last report earnings?
VOLITIONRX LTD (VNRX) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001477932-26-003126). This is VOLITIONRX LTD's most recent earnings filing of record — not a forecast of its next earnings date.
What is VOLITIONRX LTD's most recent earnings 8-K?
VOLITIONRX LTD's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001477932-26-003126. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View VOLITIONRX LTD's latest earnings 8-K →
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