VHC · XBRL financial data

VirnetX Holding financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (VHC's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23†Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	3	0*	2	1	2	0*	0	48	58	56*	0	0
Research and development	1,218	2,372*	1,268	1,223	1,176	2,371*	1,259	1,215	1,143	2,037*	1,162	1,126
Selling, general and administrative	4,420	5,406*	3,660	3,193	3,213	4,298*	2,788	2,777	3,059	4,824*	3,346	3,526
Total operating expenses	5,638	7,778*	4,928	4,416	4,389	6,669*	4,047	3,992	4,702	6,861*	4,508	4,652
Operating income (loss)	(5,635)	(7,778)*	(4,926)	(4,415)	(4,387)	(6,669)*	(4,047)	(3,944)	(4,644)	(6,805)*	(4,508)	(4,652)
Income tax expense (benefit)	(1)	0*	0	3	0	0*	2	0	0	(4)*	0	0
Net income (loss)	(4,918)	(7,107)*	(4,291)	(3,830)	(3,839)	(6,215)*	(3,679)	(3,621)	(4,348)	(6,577)*	(4,354)	(4,527)
Earnings per share, basic‡ USD per share	(27.20)	—	(1.19)	(1.07)	(1.07)	—	(1.01)	(0.99)	(1.18)	—	(1.16)	(1.20)
Earnings per share, diluted‡ USD per share	(27.20)	—	(1.19)	(1.07)	(1.07)	—	(1.01)	(0.99)	(1.18)	—	(1.16)	(1.20)
Weighted average shares, basic‡ thousands of shares	181	—	3,616	3,593	3,603	—	3,627	3,660	3,673	—	3,754	3,770
Weighted average shares, diluted‡ thousands of shares	181	—	3,616	3,593	3,603	—	3,627	3,660	3,673	—	3,754	3,770

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (October 2023); filings made before it reported them unadjusted.
† Share count changed about 20x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (VHC's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23†Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	27,845	26,289	27,593	26,285	25,130	23,296	23,222	17,293	17,129	15,548	14,774	13,090
Marketable securities	33,183	27,258	22,412	20,624	18,624	14,786	10,954	13,933	11,064	5,979	2,450	799
Accounts receivable	2	2	0	0	0	0	—	48	19	19	0	0
Prepaid and other current assets	439	282	367	299	266	122	399	261	223	120	337	217
Total current assets	61,469	53,831	50,372	47,208	44,020	38,204	34,575	31,535	28,435	21,666	17,561	14,106
Property and equipment, net	6	67	62	68	62	67	62	57	68	61	55	56
Total assets	63,913	60,412	62,275	58,948	55,587	49,609	45,111	41,820	37,983	31,062	26,693	22,973
Total current liabilities	1,601	1,254	7,029	7,007	7,135	7,195	1,951	1,940	2,072	2,025	2,059	2,259
Total liabilities	1,601	4,399	10,091	10,139	10,094	9,986	8,748	8,649	8,692	8,588	7,840	7,911
Accumulated deficit	(179,388)	(186,495)	(190,786)	(194,616)	(198,455)	(204,670)	(208,349)	(211,970)	(216,318)	(222,895)	(227,249)	(231,776)
Total stockholders' equity	62,312	56,013	52,184	48,809	45,493	39,623	36,363	33,171	29,291	22,474	18,853	15,062
Total liabilities and equity	63,913	60,412	62,275	58,948	55,587	49,609	45,111	41,820	37,983	31,062	26,693	22,973
Common shares outstanding (cover page)‡ thousands of shares	181	3,682	3,681	3,735	3,729	4,239	4,239	4,271	4,271	4,186	4,186	4,217

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (October 2023); filings made before it reported them unadjusted.
† Share count changed about 20x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (VHC's year ends in late December)

In thousands of dollars	Q3 FY23Sep 30, 2023	Q4 FY23†Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(4,918)	(7,107)*	(4,291)	(3,830)	(3,839)	(6,215)*	(3,679)	(3,621)	(4,348)	(6,577)*	(4,354)	(4,527)
Net cash from operating activities	(3,291)*	(7,016)*	(3,516)	(3,080)*	(3,221)*	(5,510)*	(3,894)	(2,938)*	(3,004)*	(5,808)*	(4,297)	(3,320)*
Purchases of property and equipment	0*	65*	—	—	0*	11*	—	—	17*	0*	—	—
Net cash from investing activities	5,172*	5,460*	4,823	1,772*	2,072*	3,796*	3,820	(2,984)*	2,852*	5,081*	3,524	1,641*
Dividends paid	0*	0*	—	—	0*	0*	—	—	—	—	—	—
Net cash from financing activities	(6)*	0*	(3)	0*	(6)*	(120)*	0	(7)*	(12)*	(854)*	(1)	(5)*

† Share count changed about 20x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 6794 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6794 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
VirnetX Holding	13,090	0	(3,320)*	4.2M	4.2 quarters	Q2 FY26 10-QJun 30, 2026
Ashford Hospitality Trust	72,510	273,240	(7,399)*	6.5M	9.8 quarters	Q2 FY26 10-QJun 30, 2026
Clipper Realty	37,702	not reported	14,431*	16.2M	—	Q2 FY26 10-QJun 30, 2026
Research Frontiers	1,088	86	(191)*	34.9M	5.7 quarters	Q2 FY26 10-QJun 30, 2026
Manhattan Bridge Capital	168	2,054	1,335*	11.3M	—	Q3 FY26 10-QSep 30, 2026
Transcontinental Realty Investors	10,703	12,866	(2,429)*	8.8M	34.6 quarters	Q2 FY26 10-QJun 30, 2026
Bluerock Homes Trust	172,107	19,327	2,775*	not reported	—	Q2 FY26 10-QJun 30, 2026
Sachem Capital	28,819	not reported	(3,588)*	48.0M	8.3 quarters	Q2 FY26 10-QJun 30, 2026
Global Self Storage	7,514	3,214	1,214*	11.4M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.