VHC · XBRL financial data

VirnetX Holding financial statements, every fiscal year

The same tables from 7 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 years (VHC's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	302,636	35	48	7	5	162
Research and development	8,830	5,577	6,406	9,713	6,038	5,654
Selling, general and administrative	45,812	52,715	15,722	21,739	14,364	13,448
Total operating expenses	144,743	49,209	22,124	31,452	20,402	19,602
Operating income (loss)	157,893	(49,174)	(22,076)	(31,445)	(20,397)	(19,440)
Income tax expense (benefit)	27,023	(6,205)	16,032	(79)	3	(2)
Net income (loss)	280,429	(42,921)	(36,260)	(27,871)	(18,175)	(18,225)
Earnings per share, basic‡ USD per share	79.20	(12.00)	(10.20)	(7.79)	(5.05)	(5.00)
Earnings per share, diluted‡ USD per share	78.40	(12.00)	(10.20)	(7.79)	(5.05)	(5.00)
Weighted average shares, basic‡ thousands of shares	3,543	3,558	3,567	4	4	4
Weighted average shares, diluted‡ thousands of shares	3,581	3,558	3,567	4	4	4

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (October 2023); filings made before it reported them unadjusted.

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	192,908	142,018	86,561	26,289	23,296	15,548
Marketable securities	28,348	27,254	65,462	27,258	14,786	5,979
Accounts receivable	8	17	14	2	0	19
Prepaid and other current assets	263	203	224	282	122	120
Total current assets	224,432	169,492	152,261	53,831	38,204	21,666
Property and equipment, net	11	18	11	67	67	61
Total assets	234,793	186,516	152,975	60,412	49,609	31,062
Total current liabilities	10,356	1,021	731	1,254	7,195	2,025
Total liabilities	10,356	1,067	731	4,399	9,986	8,588
Accumulated deficit	(8,014)	(50,935)	(87,195)	(186,495)	(204,670)	(222,895)
Total stockholders' equity	224,437	185,449	152,244	56,013	39,623	22,474
Total liabilities and equity	234,793	186,516	152,975	60,412	49,609	31,062
Common shares outstanding (cover page)‡ thousands of shares	3,553	3,562	3,571	3,682	4,239	4,186

‡ Per-share figures and share counts are adjusted for the 1-for-20 stock split (October 2023); filings made before it reported them unadjusted.

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

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	280,429	(42,921)	(36,260)	(27,871)	(18,175)	(18,225)
Net cash from operating activities	281,389	(51,722)	(16,893)	(24,773)	(15,327)	(15,644)
Purchases of property and equipment	0	11	0	65	22	17
Net cash from investing activities	(25,953)	1,028	(38,535)	35,941	12,463	8,769
Proceeds from issuing common stock	4,488	0	0	—	—	—
Dividends paid	70,841	0	0	71,429	0	—
Net cash from financing activities	(65,663)	(196)	(29)	(71,440)	(129)	(873)

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.