What is VirnetX Holding Corp 's market cap?

VirnetX Holding Corp (VHC) has a market capitalization of $43.4M and trades on NYSE.

What is VirnetX Holding Corp 's revenue and profitability?

VirnetX Holding Corp generated $162.0K in trailing twelve-month revenue with a net loss of $18.9M, representing a net margin of -11666.7%. These figures are based on the Q1 2026 filing.

Who are VirnetX Holding Corp 's competitors?

VirnetX Holding Corp 's key competitors include Zscaler, Inc., Palo Alto Networks, Inc., Cloudflare, Inc., and others. These companies compete in similar markets and product categories.

Who does VirnetX Holding Corp partner with?

VirnetX Holding Corp 's notable partners include L2 Holdings, LLC (OmniTeq), Air Force Research Laboratory (AFRL/RI).

What subsidiaries does VirnetX Holding Corp have?

VirnetX Holding Corp 's subsidiaries include VirnetX, Inc..

Where is VirnetX Holding Corp headquartered?

VirnetX Holding Corp is headquartered in United States of America and employs approximately 27 people. It has been publicly traded since 1999.

VirnetX Holding Corp

VHC

VirnetX Holding Corp is an internet security software and technology company specializing in Zero Trust Network Access (ZTNA) and secure communication solutions.

Market cap

$43.37M-37.2%

Revenue$162.0K+5,300%

Net income-$18.9M-7.6%

EPS (diluted)-$5.16-5.7%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 15, 2026

Revenue-EPS-$1.16

Read the full report

Next report

Aug 11, 2026 (in a month)

Financials

Q1 2026

Income statement

See full

Revenue-—

Operating income-$4.5M-11.4%

Net income-$4.4M-18.3%

EPS (diluted)-$1.16-14.9%

Balance sheet

See full

Cash & equivalents$14.8M-36.4%

Total debt$7.2M-10.8%

Total equity$18.9M-48.2%

Total assets$26.7M-40.8%

Cash flow

See full

Operating cash flow-$4.3M-10.3%

Valuation & ratios

Valuation

See full

Market cap$43.37M-37.2%

Enterprise value$35.81M-16.8%

P/S267.7×-778×

Profitability

See full

Operating margin-12,284.6%-6,084pp

Net margin-11,666.7%-5,775pp

Returns & leverage

See full

Return on equity-68.5%+181pp

Debt / equity0.4×+0.2×

Current ratio8.5×-9.2×

Competitors

By market cap

Palo Alto Networks, Inc.$275.72B+105%

Cloudflare, Inc.$97.9B+46.4%

Zscaler$23.8B-51.6%

Leidos Holdings$13.4B-36.6%

Varonis Systems$5.3B-8.0%

NTS

Netskope, Inc. Class A Common Stock$5.0B—

Telos Corporation$368.9M+62.4%

VirnetX Holding Corp $43.4M-17.1%

By revenue growth

VirnetX Holding Corp +5,300%

Telos Corporation+66.5%

NTS

Netskope, Inc. Class A Common Stock+37.8%

Cloudflare, Inc.+31.6%

Zscaler+24.6%

Palo Alto Networks, Inc.+19.5%

Varonis Systems+15.2%

Leidos Holdings+2.3%

By net margin

Leidos Holdings8.15%+0.3pp

Palo Alto Networks, Inc.7.95%-6.0pp

Zscaler-2.44%-0.9pp

Cloudflare, Inc.-3.73%+0.9pp

Telos Corporation-14.25%+34.9pp

Varonis Systems-19.75%-3.9pp

NTS

Netskope, Inc. Class A Common Stock-95.19%-33.2pp

VirnetX Holding Corp -11,666.67%+573,767pp

Profile

VirnetX Holding Corp is an internet security software and technology company specializing in Zero Trust Network Access (ZTNA) and secure communication solutions. The company provides a security-as-a-service platform designed to establish end-to-end encrypted communications across any network or device, primarily serving government, defense, and high-security commercial sectors. Its core value proposition centers on a robust intellectual property portfolio that enables secure, identity-based access controls and resilient network architectures.

Competitive position

VirnetX is a specialized cybersecurity provider that differentiates itself through a deep patent portfolio and long-standing relationships with the U.S. defense community.

GeographiesUnited States, Global

Customer segmentsGovernment, Defense, Enterprise, Healthcare, Financial Services

Business modelSecurity-as-a-Service (SECaaS), Subscription SaaS, Intellectual Property Licensing, Professional Services

SuppliersCloud infrastructure providers, Software developers, Hardware component manufacturers, Intellectual property licensors

CustomersDepartment of Defense (DoD), Federal and state government agencies, Critical infrastructure operators, Commercial enterprises

CountryUnited States of America

Listed1999

Employees27.0

CEOKendall Larsen

SectorTechnology

IndustrySoftware - Infrastructure

Websitevirnetx.com

FilingsSEC EDGAR

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Questions, answered.

What is VirnetX Holding Corp 's market cap?: VirnetX Holding Corp (VHC) has a market capitalization of $43.4M and trades on NYSE.
What is VirnetX Holding Corp 's revenue and profitability?: VirnetX Holding Corp generated $162.0K in trailing twelve-month revenue with a net loss of $18.9M, representing a net margin of -11666.7%. These figures are based on the Q1 2026 filing.
Who are VirnetX Holding Corp 's competitors?: VirnetX Holding Corp 's key competitors include Zscaler, Inc., Palo Alto Networks, Inc., Cloudflare, Inc., and others. These companies compete in similar markets and product categories.
Who does VirnetX Holding Corp partner with?: VirnetX Holding Corp 's notable partners include L2 Holdings, LLC (OmniTeq), Air Force Research Laboratory (AFRL/RI).
What subsidiaries does VirnetX Holding Corp have?: VirnetX Holding Corp 's subsidiaries include VirnetX, Inc..
Where is VirnetX Holding Corp headquartered?: VirnetX Holding Corp is headquartered in United States of America and employs approximately 27 people. It has been publicly traded since 1999.