Financials in USD. Standardized financial statements.
A compact view of how VirnetX Holding Corp turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $162,000 | $5,000 | $7,000 | $48,000 | $35,000 | $302.64M | $85,000 | $63,000 | $1.55M | $1.55M |
| Revenue Growth? | +3140.0% | -28.6% | -85.4% | +37.1% | -100.0% | +355942.4% | +34.9% | -95.9% | -0.2% | 0.0% |
| Cost of Revenue? | $23,000 | $0 | $9,000 | $0 | $0 | $90.11M | $0 | $0 | $26,000 | $884,000 |
| Gross Profit? | $139,000 | $5,000 | -$2,000 | $48,000 | $35,000 | $212.53M | $85,000 | $63,000 | $1.52M | $666,000 |
| Gross Margin? | +85.8% | +100.0% | -28.6% | +100.0% | +100.0% | +70.2% | +100.0% | +100.0% | +98.3% | +43.0% |
| Operating Expenses? | $19.08M | $20.40M | $31.44M | $22.12M | $49.21M | $56.75M | $19.75M | $25.52M | $18.87M | $29.17M |
| Operating Income? | -$18.94M | -$20.40M | -$31.45M | -$22.08M | -$49.17M | $155.78M | -$19.66M | -$25.46M | -$17.32M | -$28.50M |
| EBITDA? | -$18.92M | -$20.38M | -$27.94M | -$22.07M | -$49.12M | $307.46M | -$19.57M | -$25.44M | -$17.30M | -$28.48M |
| Income Before Tax | -$18.23M | -$18.17M | -$27.95M | -$20.23M | -$49.13M | $307.45M | -$19.57M | -$25.40M | -$17.27M | -$28.44M |
| Income Tax Expense | -$2,000 | $3,000 | -$79,000 | $16.03M | -$6.21M | $27.02M | -$393,000 | $3,000 | $3,000 | $133,000 |
| Net Income? | -$18.23M | -$18.18M | -$27.87M | -$36.26M | -$42.92M | $280.43M | -$19.18M | -$25.41M | -$17.28M | -$28.57M |
| EPS? | $-5.00 | $-5.05 | $-7.79 | $-10.17 | $-12.06 | $79.16 | $-5.59 | $-8.07 | $-5.92 | $-10.21 |
| Diluted EPS? | $-5.00 | $-5.05 | $-7.79 | $-10.17 | $-12.06 | $78.31 | $-5.59 | $-8.07 | $-5.92 | $-10.21 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality