VirnetX Holding Corp (VHC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -4.3M | -5.81M | -3M | -2.94M | -3.89M | -5.51M | -3.22M | -3.08M | -3.52M | -7.02M | -3.29M | -11.76M | -2.71M | -7.09M | -2.51M | -3.33M | -3.96M | -3.17M | -3.03M | -41.29M |
| Operating CF Margin % | - | -10371.43% | -5179.31% | -6120.83% | - | - | -161050% | -308000% | -175800% | - | -109700% | -587750% | -135550% | -141720% | -62775% | -9805.88% | -79240% | -28809.09% | -75850% | -275293.33% |
| Operating CF Growth % | -10.35% | -5.41% | 6.74% | 4.61% | -10.75% | 21.47% | 2.13% | 73.8% | -29.69% | 0.99% | -31.06% | -252.58% | 31.57% | -123.6% | 17.24% | 91.93% | 6.22% | 88.14% | 87.77% | 55.8% |
| Net Income | -4.35M | -6.58M | -4.35M | -3.62M | -3.68M | -6.21M | -3.84M | -3.83M | -4.29M | -7.11M | -4.92M | -11.38M | -4.47M | -24.22M | -4.28M | -4.44M | -3.32M | -6.3M | -3.33M | -6.85M |
| Depreciation & Amortization | 6K | 7K | 6K | 5K | 5K | 5K | 6K | 5K | 5K | 4K | 2K | 2K | 1K | 2K | 2K | 1K | 2K | 1K | 1K | 1K |
| Stock-Based Compensation | 739K | 618K | 480K | 441K | 431K | 497K | 458K | 460K | 488K | 708K | 706K | 682K | 682K | 866K | 874K | 812K | 778K | 1.16M | 1.18M | 974K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.91M | 0 | 0 | 17.2M | -486K | 374K | -1.06M | -1.53M | -895K | 2.72M |
| Other Non-Cash Items | 0 | 0 | 207K | 0 | 0 | 1K | -46K | 0 | 0 | -743K | 4.92M | -1.29M | 10K | 0 | 0 | 0 | 0 | 0 | 0 | 8K |
| Working Capital Changes | -688K | 144K | 651K | 237K | -651K | 202K | 200K | 285K | 282K | 122K | 915K | 235K | 1.06M | -934K | 1.38M | -84K | -363K | 3.5M | 15K | -38.15M |
| Change in Receivables | 19K | 0 | 29K | -48K | 0 | -1K | 0 | 0 | 2K | 0 | -2K | -1K | 0 | 6K | -1K | -7K | 5K | -2K | -1K | -8K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -34K | 11K | 91K | -43K | -7K | 56K | 0 | -165K | 50K | 0 | 786K | 0 | 1.32M | -1.1M | 1.13M | -301K | 313K | 91K | -198K | -87K |
| Cash from Investing | 3.52M | 5.08M | 2.85M | -2.98M | 3.82M | 3.8M | 2.07M | 1.77M | 4.82M | 5.46M | 5.17M | 12.11M | 13.2M | -12.16M | -18.86M | -5.87M | -1.65M | -2.85M | -2.56M | -2.08M |
| Capital Expenditures | 0 | 0 | -17K | 0 | 0 | -11K | 0 | -11K | 0 | -65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11K | 0 |
| CapEx % of Revenue | - | - | 29.31% | - | - | - | - | 1100% | - | - | - | - | - | - | - | - | - | - | 275% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 2.07M | 0 | 0 | 5.53M | 0 | 12.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -1K | -854K | -12K | -7K | 0 | -120K | -6K | 0 | -3K | 0 | -6K | -71.43M | 0 | 0 | 0 | -29K | 0 | 0 | 0 | -196K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 6K | 0 | -7K | 0 | -120K | -6K | 0 | -3K | 0 | -6K | -5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -71.43M | 71.43M | -71.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -7K | 0 | -120K | -6K | 0 | -3K | 0 | -6K | -5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1K | -860K | -12K | 0 | 0 | 0 | 0 | 0 | 0 | 71.43M | -71.43M | 0 | 0 | 0 | 0 | -29K | 0 | 0 | 0 | -196K |
| Net Change in Cash | -774K | -1.58M | -164K | -5.93M | -74K | -1.83M | -1.16M | -1.31M | 1.3M | -1.56M | 1.88M | -71.08M | 10.49M | -19.24M | -21.37M | -9.23M | -5.61M | -6.02M | -5.59M | -43.57M |
| Free Cash Flow | -4.3M | -5.81M | -3.02M | -2.94M | -3.89M | -5.52M | -3.22M | -3.09M | -3.52M | -7.08M | -3.29M | -11.76M | -2.71M | -7.09M | -2.51M | -3.33M | -3.96M | -3.17M | -3.04M | -41.29M |
| FCF Margin % | - | -10371.43% | -5208.62% | -6120.83% | - | - | -161050% | -309100% | -175800% | - | -109700% | -587750% | -135550% | -141720% | -62775% | -9805.88% | -79240% | -28809.09% | -76125% | -275293.33% |
| FCF Growth % | -10.35% | -5.2% | 6.21% | 4.95% | -10.75% | 22.03% | 2.13% | 73.7% | -29.69% | 0.07% | -31.06% | -252.58% | 31.57% | -123.6% | 17.54% | 91.93% | 6.22% | 88.14% | 87.73% | 55.8% |
| FCF per Share | -1.14 | -1.38 | -0.82 | -0.80 | -1.07 | -1.54 | -0.89 | -0.86 | -0.97 | -1.96 | -0.91 | -3.29 | -0.76 | -1.98 | -0.70 | -0.93 | -1.11 | -0.89 | -0.85 | -11.61 |
| FCF Conversion (FCF/Net Income) | 0.99x | 0.88x | 0.69x | 0.81x | 1.06x | 0.89x | 0.84x | 0.80x | 0.82x | 0.99x | 0.67x | 1.03x | 0.61x | 0.29x | 0.59x | 0.75x | 1.19x | 0.50x | 0.91x | 11.72x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 0 | 0 | 0 |