V
VirnetX Holding Corp
VHCCIK 0001082324NasdaqNon-AcceleratedSmaller ReportingPatent Owners & LessorsDelawareFY ends Dec 31
Period
FY 2025
Revenue
$162.0K
Net Income
$-18.23M
Total Assets
$31.06M
Equity
$22.47M
Shares Out
4.19M
Op. Cash Flow
$-15.64M
Business
VirnetX Holding Corporation is an Internet security software company that develops patented cybersecurity solutions for resilient, secure communications across networks and devices. The company offers VirnetX One™, a Zero Trust Network Access platform with Secure Domain Name System technology deployed as security-as-a-service in cloud, on-premise, or hybrid environments; VirnetX Matrix™ for encrypted identity-based access controls; and VirnetX War Room™ for secure collaboration. Products target U.S. Department of Defense, federal government, and commercial customers in critical infrastructure, law enforcement, healthcare, financial services, and related sectors, with international sales managed under export control compliance.
Summary from 10-K filed 2026-03-24
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| 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 |
|---|---|---|---|---|---|---|
| Revenue | 162,000 | 5,000 | 7,000 | 48,000 | 35,000 | |
| Research and development | 6 | 6 | 10 | 6 | 6 | |
| Selling, general and administrative expenses | 13 | 14 | 22 | 16 | 53 | |
| Impairment loss on investment | 500,000 | 0 | — | — | — | |
| Total operating expense | 20 | 20 | 31 | 22 | 49 | |
| (Loss) from operations | −19 | −20 | −31 | −22 | −49 | |
| Interest and other income, net | 1 | 2 | 3 | 2 | 48,000 | |
| (Loss) before taxes | −18 | −18 | −28 | −20 | −49 | |
| Income tax (provision) benefit | 2,000 | −3,000 | 79,000 | −16 | 6 | |
| Net (loss) | −18 | −18 | −28 | −36 | −43 | |
| Basic (loss) per share (in Dollars per share) | −5 | −5.05 | −7.79 | −10.17 | −0.6 | |
| Diluted (loss) per share (in Dollars per share) | −5 | −5.05 | −7.79 | −10.17 | −0.6 | |
| Weighted average shares outstanding basic (in Shares) | 3,647 | 3,596 | 3,579 | 3,565 | 71 | |
| Weighted average shares outstanding diluted (in Shares) | 3,647 | 3,596 | 3,579 | 3,565 | 71 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| 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 | 16 | 23 | 26 | 87 | 142 | |
| Investments available for sale | 6 | 15 | 27 | 65 | 27 | |
| Accounts receivables | 19,000 | 0 | 2,000 | 14,000 | 17,000 | |
| Prepaid expenses and other current assets | 120,000 | 122,000 | 282,000 | 224,000 | 203,000 | |
| Total current assets | 22 | 38 | 54 | 152 | 169 | |
| Prepaid expenses and other assets | 7 | 9 | 4 | 703,000 | 1 | |
| Property and equipment, net | 61,000 | 67,000 | 67,000 | 11,000 | 18,000 | |
| Other investments | 2 | 3 | 3 | 0 | — | |
| Total assets | 31 | 50 | 60 | 153 | 187 | |
| Accounts payable and accrued liabilities | 388,000 | 336,000 | 440,000 | 373,000 | 338,000 | |
| Accrued payroll and related expenses | 255,000 | 257,000 | 316,000 | 311,000 | 270,000 | |
| Other liabilities, current | 1 | 7 | 498,000 | 47,000 | 58,000 | |
| Total current liabilities | 2 | 7 | 1 | 731,000 | 1 | |
| Other liabilities | 7 | 3 | 3 | 0 | 46,000 | |
| Total liabilities | 9 | 10 | 4 | 731,000 | 1 | |
| Commitments and contingencies (Note 4) | — | — | — | — | — | |
| Preferred stock, par value $0.0001 per share Authorized: 10,000,000 shares at December 31, 2025 and December 31, 2024, Issued and outstanding: 0 shares at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.0001 per share Authorized: 100,000,000 shares at December 31, 2025 and December 31, 2024, Issued and outstanding: 4,201,948 and 4,238,581 shares, at December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 7,000 | |
| Additional paid-in capital | 245 | 244 | 243 | 240 | 236 | |
| Accumulated deficit | −223 | −205 | −186 | −87 | −51 | |
| Accumulated other comprehensive loss | −21,000 | 0 | −12,000 | −314,000 | −68,000 | |
| Total stockholders equity | 22 | 40 | 56 | 152 | 185 | |
| Total liabilities and stockholders equity | 31 | 50 | 60 | 153 | 187 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| 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 | 23,000 | 21,000 | 9,000 | 7,000 | 4,000 | |
| Stock-based compensation | 2 | 2 | 3 | 3 | 4 | |
| Bad debt | 0 | 1,000 | 15,000 | 0 | — | |
| Prepaid expenses and other current assets | 1 | 848,000 | −3 | 331,000 | 271,000 | |
| Accounts payable and accrued liabilities | 52,000 | −104,000 | 67,000 | 35,000 | −316,000 | |
| Other liabilities | −951,000 | 238,000 | 4 | −54,000 | 60,000 | |
| Accrued payroll and related expenses | −2,000 | −59,000 | 5,000 | 41,000 | 50,000 | |
| Accounts receivable | −19,000 | 1,000 | −3,000 | 3,000 | −9,000 | |
| Net cash used in operating activities | −16 | −15 | −25 | −17 | −52 | |
| Purchase of property and equipment | −17,000 | −22,000 | −65,000 | 0 | −11,000 | |
| Purchase of investments | −16 | −29 | −47 | −67 | −26 | |
| Proceeds from sale or maturity of investments | 25 | 41 | 86 | 29 | 27 | |
| Net cash provided by investing activities | 9 | 12 | 36 | −39 | 1 | |
| Proceeds from exercise of options | 6,000 | 0 | — | 0 | 0 | |
| Withholding taxes paid on cashless exercise of restricted stock and restricted stock units | −879,000 | −129,000 | −11,000 | −29,000 | −196,000 | |
| Net cash used in financing activities | −873,000 | −129,000 | −71 | −29,000 | −196,000 | |
| Net (decrease) in cash and cash equivalents | −8 | −3 | −60 | −55 | −51 | |
| Cash paid for income taxes | 1,000 | 3,000 | 0 | 2,000 | 2,000 | |
| ROU asset and lease liability | 497,000 | 6 | 4 | — | — |
Filings
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Frequently asked questions
What is VirnetX Holding Corp's CIK number?
VirnetX Holding Corp's SEC CIK number is 0001082324 (1082324). 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 VirnetX Holding Corp's SEC filings?
All of VirnetX Holding Corp'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.