VirnetX Holding Corp (VHC) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 0 | 56K | 58K | 48K | 0 | 0 | 2K | 1K | 2K | 0 | 3K | 2K | 2K | 5K | 4K | 34K | 5K | 11K | 4K | 15K |
| Revenue Growth % | - | - | 2800% | 4700% | -100% | - | -33.33% | -50% | 0% | -100% | -25% | -94.12% | -60% | -54.55% | 0% | 126.67% | 0% | -31.25% | -84.62% | -16.67% |
| Cost of Goods Sold | 6K | 7K | 6K | 5K | 5K | 5K | 0 | 0 | 0 | 4K | 0 | 0 | 1K | 2K | 2K | 1K | -2K | 9.44M | 0 | 0 |
| COGS % of Revenue | - | 12.5% | 10.34% | 10.42% | - | - | - | - | - | - | - | - | 50% | 40% | 50% | 2.94% | -40% | 85800% | - | - |
| Gross Profit | -6K | 49K | 52K | 43K | -5K | -5K | 2K | 1K | 2K | -4K | 3K | 2K | 1K | 3K | 2K | 33K | 7K | -9.43M | 4K | 15K |
| Gross Margin % | - | 87.5% | 89.66% | 89.58% | - | - | 100% | 100% | 100% | - | 100% | 100% | 50% | 60% | 50% | 97.06% | 140% | -85700% | 100% | 100% |
| Gross Profit Growth % | -20% | 1080% | 2500% | 4200% | -350% | -25% | -33.33% | -50% | 100% | -233.33% | 50% | -93.94% | -85.71% | 100.03% | -50% | 120% | -99.93% | -59018.75% | -84.62% | -16.67% |
| Operating Expenses | 4.51M | 6.85M | 4.2M | 3.99M | 4.04M | 6.66M | 4.39M | 4.42M | 4.93M | 7.77M | 5.64M | 12.12M | 5.92M | 8.05M | 5.36M | 4.3M | 4.41M | -2.28M | 4.24M | 4.16M |
| OpEx % of Revenue | - | 12239.29% | 7234.48% | 8306.25% | - | - | 219450% | 441600% | 246400% | - | 187933.33% | 606050% | 295750% | 161080% | 133925% | 12647.06% | 88200% | -20754.55% | 106000% | 27713.33% |
| Selling, General & Admin | 3.35M | 4.82M | 3.05M | 2.77M | 2.78M | 4.29M | 3.21M | 3.19M | 3.66M | 5.4M | 4.42M | 7.37M | 4.55M | 5.35M | 4.14M | 3.04M | 3.18M | 4.67M | 3.09M | 3.01M |
| SG&A % of Revenue | - | 8601.79% | 5263.79% | 5775% | - | - | 160650% | 319300% | 183000% | - | 147333.33% | 368300% | 227350% | 106920% | 103525% | 8955.88% | 63660% | 42500% | 77225% | 20053.33% |
| Research & Development | 1.16M | 2.04M | 1.14M | 1.22M | 1.26M | 2.37M | 1.18M | 1.22M | 1.27M | 2.37M | 1.22M | 4.75M | 1.37M | 2.71M | 1.22M | 1.25M | 1.23M | 2.13M | 1.15M | 1.15M |
| R&D % of Revenue | - | 3637.5% | 1970.69% | 2531.25% | - | - | 58800% | 122300% | 63400% | - | 40600% | 237750% | 68400% | 54160% | 30400% | 3691.18% | 24540% | 19318.18% | 28775% | 7660% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 |
| Operating Income | -4.51M | -6.8M | -4.14M | -3.94M | -4.05M | -6.67M | -4.39M | -4.42M | -4.93M | -7.78M | -5.63M | -12.12M | -5.91M | -8.05M | -5.36M | -4.27M | -4.4M | -7.14M | -4.24M | -4.14M |
| Operating Margin % | - | -12151.79% | -7144.83% | -8216.67% | - | - | -219350% | -441500% | -246300% | - | -187833.33% | -605950% | -295700% | -161020% | -133875% | -12550% | -88060% | -64945.45% | -105900% | -27613.33% |
| Operating Income Growth % | -11.39% | -2.04% | 5.54% | 10.67% | 17.84% | 14.26% | 22.15% | 63.57% | 16.71% | 3.39% | -5.23% | -184.02% | -34.32% | -12.7% | -26.42% | -3.02% | 86.92% | 24.64% | 20.6% | 60.5% |
| EBITDA | -4.5M | -6.8M | -4.14M | -3.94M | -4.04M | -6.66M | -4.38M | -4.41M | -4.92M | -7.77M | -5.63M | -12.12M | -5.91M | -8.05M | -5.35M | -4.27M | -4.4M | -7.14M | -4.24M | -4.14M |
| EBITDA Margin % | - | -12139.29% | -7134.48% | -8206.25% | - | - | -219050% | -441000% | -246050% | - | -187766.67% | -605850% | -295650% | -160980% | -133825% | -12547.06% | -88020% | -64936.36% | -105875% | -27606.67% |
| EBITDA Growth % | -11.38% | -2.01% | 5.55% | 10.68% | 17.86% | 14.28% | 22.23% | 63.6% | 16.78% | 3.42% | -5.23% | -184.04% | -34.36% | -12.68% | -26.4% | -3.02% | 86.92% | 24.64% | 20.59% | 60.51% |
| D&A (Non-Cash Add-back) | 6K | 7K | 6K | 5K | 5K | 5K | 6K | 5K | 5K | 4K | 2K | 2K | 1K | 2K | 2K | 1K | 2K | 1K | 1K | 1K |
| EBIT | -4.51M | -6.8M | -4.35M | -3.62M | -3.68M | -6.21M | -4.39M | -4.42M | -4.93M | -7.11M | -5.63M | -12.12M | -4.54M | -7.02M | -4.77M | -4.06M | -4.38M | -7.13M | -4.24M | -4.14M |
| Net Interest Income | 154K | 224K | 296K | 323K | 370K | 454K | 548K | 588K | 635K | 671K | 716K | 740K | 1.37M | 1.03M | 589K | 203K | 24K | 12K | 10K | 10K |
| Interest Income | 154K | 224K | 296K | 323K | 370K | 454K | 548K | 588K | 635K | 671K | 716K | 740K | 1.37M | 1.03M | 589K | 203K | 24K | 12K | 10K | 10K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 154K | 224K | -204K | 323K | 370K | 454K | 548K | 588K | 635K | 671K | 716K | 740K | 1.37M | 1.03M | 589K | 203K | 24K | 12K | 10K | 10K |
| Pretax 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 | -4.54M | -7.02M | -4.77M | -4.06M | -4.38M | -7.13M | -4.23M | -4.13M |
| Pretax Margin % | - | -11751.79% | -7496.55% | -7543.75% | - | - | -191950% | -382700% | -214550% | - | -163966.67% | -568950% | -227250% | -140400% | -119150% | -11952.94% | -87580% | -64836.36% | -105650% | -27546.67% |
| Income Tax | 0 | -4K | 0 | 0 | 2K | 0 | 0 | 3K | 0 | 0 | -1K | 0 | -78K | 17.2M | -486K | 373K | -1.06M | -836K | -895K | -609K |
| Effective Tax Rate % | 0% | 0.06% | 0% | 0% | -0.05% | 0% | 0% | -0.08% | 0% | 0% | 0.02% | 0% | 1.72% | -245.06% | 10.2% | -9.18% | 24.18% | 11.72% | 21.18% | 14.74% |
| 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 | -3.52M |
| Net Margin % | - | -11744.64% | -7496.55% | -7543.75% | - | - | -191950% | -383000% | -214550% | - | -163933.33% | -568950% | -223350% | -484460% | -107000% | -13050% | -66400% | -57236.36% | -83275% | -23486.67% |
| Net Income Growth % | -18.35% | -5.82% | -13.26% | 5.46% | 14.26% | 12.55% | 21.94% | 66.34% | 3.94% | 70.66% | -14.91% | -156.46% | -34.55% | -284.74% | -28.49% | -25.94% | 87.44% | 15.5% | 17.24% | 56.18% |
| Net Income (Continuing) | -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 | -3.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.16 | -1.57 | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 | -1.19 | -1.96 | -1.36 | -3.18 | -1.25 | -6.78 | -1.20 | -1.24 | -0.93 | -1.77 | -0.94 | -0.99 |
| EPS Growth % | -14.85% | 9.25% | -10.28% | 7.48% | 15.13% | 11.73% | 21.32% | 66.35% | 4.8% | 71.09% | -13.33% | -156.45% | -34.41% | -283.05% | -27.66% | -25.25% | 87.5% | 15.71% | 16.81% | 56.39% |
| EPS (Basic) | -1.16 | -1.57 | -1.18 | -0.99 | -1.01 | -1.73 | -1.07 | -1.07 | -1.19 | -1.96 | -1.36 | -3.18 | -1.25 | -6.78 | -1.20 | -1.24 | -0.93 | -1.80 | -1.00 | -1.03 |
| Diluted Shares Outstanding | 3.75M | 4.2M | 3.67M | 3.66M | 3.63M | 3.6M | 3.6M | 3.59M | 3.62M | 3.62M | 3.61M | 3.57M | 3.57M | 3.57M | 3.57M | 3.57M | 3.56M | 3.56M | 3.56M | 3.56M |
| Basic Shares Outstanding | 3.75M | 4.2M | 3.67M | 3.66M | 3.63M | 3.6M | 3.6M | 3.59M | 3.62M | 3.62M | 3.61M | 3.57M | 3.57M | 3.57M | 3.57M | 3.57M | 3.56M | 3.49M | 3.33M | 3.43M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |