Virnetx Holding Corp income statement
In fiscal 2025, Virnetx Holding Corp reported revenue of $162,000, up 3140.0% on the year before, operating income of −$19.4m (a -12000.0% margin) and net income of −$18.2m, or −$5.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 0 | 0 | 303 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research and development | 4 | 4 | 5 | 4 | 9 | 6 | 6 | 10 | 6 | 6 | 5 |
| Selling, general and administrative | 25 | 15 | 21 | 16 | 46 | 53 | 16 | 22 | 14 | 13 | 15 |
| Operating income | −29 | −17 | −25 | −20 | 158 | −49 | −22 | −31 | −20 | −19 | −21 |
| Income before tax | −28 | −17 | −25 | −20 | 307 | −49 | −20 | −28 | −18 | −18 | −20 |
| Income tax | 0 | 0 | 0 | −0 | 27 | −6 | 16 | −0 | 0 | −0 | −0 |
| Net income | −29 | −17 | −25 | −19 | 280 | −43 | −36 | −28 | −18 | −18 | −20 |
| Diluted EPS | −$0.51 | −$0.30 | −$0.40 | −$0.28 | $3.92 | −$0.60 | −$10.17 | −$7.79 | −$5.05 | −$5.00 | — |
| Diluted shares (average) | 56m | 58m | 63m | 69m | 72m | 71m | — | 4m | 4m | 4m | — |
| EBITDA | −28 | −17 | −25 | −20 | 158 | −49 | −22 | −31 | −20 | −19 | −21 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 0 | 0 | 48 | 58 | 56 | 0 | 0 |
| Research and development | 1,176 | 2,371 | 1,259 | 1,215 | 1,143 | 2,037 | 1,162 | 1,126 |
| Selling, general and administrative | 3,213 | 4,298 | 2,788 | 2,777 | 3,059 | 4,824 | 3,346 | 3,526 |
| Operating income | −4,387 | −6,669 | −4,047 | −3,944 | −4,644 | −6,805 | −4,508 | −4,652 |
| Income before tax | −3,839 | −6,215 | −3,677 | −3,621 | −4,348 | −6,581 | −4,354 | −4,527 |
| Income tax | 0 | 0 | 2 | 0 | 0 | −4 | 0 | 0 |
| Net income | −3,839 | −6,215 | −3,679 | −3,621 | −4,348 | −6,577 | −4,354 | −4,527 |
| Diluted EPS | −$1.07 | −$1.73 | −$1.01 | −$0.99 | −$1.18 | −$1.83 | −$1.16 | −$1.20 |
| EBITDA | −4,381 | −6,664 | −4,042 | −3,939 | −4,638 | −6,798 | −4,502 | −4,645 |
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