VirnetX Holding Corp (VHC) Stock

VirnetX Holding Corp (VHC) is a Financials stock trading at $12.45 (as of 2026-07-23), with a market capitalization of $52.09M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

VirnetX Holding Corp, through its subsidiary VirnetX, develops internet security software and related technologies, including a secure domain name registry and GABRIEL Connection Technology for protecting communications using zero trust network access. It also offers licensing and services such as VirnetX One, a security-as-a-service platform, plus related software for integration and secure video conferencing, serving domain infrastructure and communications providers, system integrators, enterprises, and developers.

Understand VirnetX Holding Corp: how it makes money

VirnetX develops internet security software and technology, including secure domain name registry and zero trust network access via GABRIEL Connection Technology, and it makes money by licensing that technology and selling security-as-a-service offerings such as VirnetX One.

The company’s profit model is monetizing its internet security technology through a mix of technology licenses and ongoing security services (VirnetX One), so performance depends on both license demand and continued service usage.

Business quality (Weak): Business described clearly as internet security software plus licensing and security-as-a-service, but the provided financial snapshot shows revenue of 0.0B and an extremely negative operating margin for 2025-09-30, with no segment or operational KPIs supplied to assess underlying operating momentum.

Bull case

  • Differentiated security technology: The company develops zero trust network access and communication security solutions, including GABRIEL Connection Technology and a secure domain name registry.
  • Multiple monetization routes: It offers both a portfolio of licenses and services, including VirnetX One, a security-as-a-service platform.

Bear case

  • Very weak profitability in the latest snapshot: For 2025-09-30, the operating margin is -8006.9%, indicating operating losses on the provided data.
  • Limited visibility from the provided dataset: No reportable segments or operational KPIs are included in the provided facts, which makes it harder to pinpoint what is driving results quarter to quarter.
Valuation — source: SEC EDGAR (first-party)
Price$12.45
Market Cap$52.09M
Price / Book2.76
Price / Sales321.56
FCF Yield-32.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$162000.00
Net Margin-11250.0%
Revenue Growth (YoY)3140.0%
EPS Growth (YoY)-1.0%
FCF Growth (YoY)2.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-7.71 (distress)
Valuation vs Sector & Industry
Sector P/E (Financials)15.4
Industry P/E (Trading)34.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($3.39M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOKendall Larsen
Employees23
CountryUS
IPO Date1999-07-30

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VHC earnings history · VHC institutional & insider holders · VHC KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-23.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.