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VirnetX Holding Corp VHC Operating margin

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12%+0.6pp
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-22.3%+3.1pp

Other financials

Income statement

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Revenue-
Operating income-$4.5M-11.4%
Net income-$4.4M-18.3%
EPS (diluted)-$1.16-14.9%

Balance sheet

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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

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Operating cash flow-$4.3M-10.3%
CapEx$17.0K
Free cash flow-$5.8M-5.2%

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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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.

Based on trailing twelve months.

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 operating margin?
VirnetX Holding Corp (VHC) reported operating margin of -12,284.6% in Q1 2026.
How has VirnetX Holding Corp 's operating margin changed year-over-year?
VirnetX Holding Corp 's operating margin increased by 98.1% year-over-year, from -650,600% to -12,284.6%.
What is the long-term trend for VirnetX Holding Corp 's operating margin?
Over 5 years (2020 to 2025), VirnetX Holding Corp 's operating margin has grown at a 193.3% compound annual growth rate (CAGR), from 55.3% to -12,000%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.