What is VirnetX Holding Corp 's free cash flow?

VirnetX Holding Corp (VHC) reported free cash flow of -$5.81M in Q4 2025.

How has VirnetX Holding Corp 's free cash flow changed year-over-year?

VirnetX Holding Corp 's free cash flow decreased by 5.2% year-over-year, from -$5.52M to -$5.81M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

VirnetX Holding Corp VHC Free cash flow

Discontinued — last reported Q4 '25

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Other financials

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%

CapEx$17.0K—

Valuation

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Market cap$53.16M+28.6%

Enterprise value$45.6M+42.3%

P/S328.2×-498×

Profitability

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

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

FCF margin-35,193.8%—

Returns & leverage

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Return on equity-68.5%+181pp

Debt / equity0.4×+0.2×

Current ratio8.5×-9.2×

Where this comes from

Calculated from VirnetX Holding Corp ’s reported figures.

−$5.8Mnet cash from operating=-$5.81M

The official record: VirnetX Holding Corp ’s 10-K, filed March 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is VirnetX Holding Corp 's free cash flow?: VirnetX Holding Corp (VHC) reported free cash flow of -$5.81M in Q4 2025.
How has VirnetX Holding Corp 's free cash flow changed year-over-year?: VirnetX Holding Corp 's free cash flow decreased by 5.2% year-over-year, from -$5.52M to -$5.81M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.