What is VirnetX Holding Corp 's invested capital?

VirnetX Holding Corp (VHC) reported invested capital of $11.3M in Q1 2026.

How has VirnetX Holding Corp 's invested capital changed year-over-year?

VirnetX Holding Corp 's invested capital decreased by 46.8% year-over-year, from $21.23M to $11.3M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

VirnetX Holding Corp VHC Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

-129.7%-62.3pp

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—

Free cash flow-$5.8M-5.2%

Valuation

See full

Market cap$53.16M+26.6%

Enterprise value$45.6M+39.7%

P/S328.2×-512×

Profitability

See full

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

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

FCF margin-35,193.8%—

Returns & leverage

See full

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.

$7.2Mtotal debt+$18.9Mtotal stockholders equity−$14.8Mcash and equivalents=$11.3M

The official record: VirnetX Holding Corp ’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is VirnetX Holding Corp 's invested capital?: VirnetX Holding Corp (VHC) reported invested capital of $11.3M in Q1 2026.
How has VirnetX Holding Corp 's invested capital changed year-over-year?: VirnetX Holding Corp 's invested capital decreased by 46.8% year-over-year, from $21.23M to $11.3M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).