What is VirnetX Holding Corp 's foreign operations?

VirnetX Holding Corp (VHC) reported foreign operations of -0% in Q4 2025.

What does foreign operations mean?

This metric represents the impact of foreign income tax rate differentials on the company's effective tax rate compared to the domestic statutory rate. It highlights the tax benefit or burden resulting from operations in jurisdictions with tax rates different from the home country. Investors use this to assess the tax efficiency of the company's global footprint.

VirnetX Holding Corp VHC Foreign operations

Foreign operations at other companies

3MMMM

5%+2.9pp

Hooker Furnishings CorporationHOFT

-0.1%0.0pp

TFX

TeleflexTFX

-66.6%-70.0pp

VirnetX Holding Corp VHC

-0%—

Charles River LaboratoriesCRL

11.1%+9.6pp

Trex CompanyTREX

0%—

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

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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+26.6%

Enterprise value$45.6M+39.7%

P/S328.2×-512×

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

Reported directly by VirnetX Holding Corp in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

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

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What is VirnetX Holding Corp 's foreign operations?: VirnetX Holding Corp (VHC) reported foreign operations of -0% in Q4 2025.
What does foreign operations mean?: This metric represents the impact of foreign income tax rate differentials on the company's effective tax rate compared to the domestic statutory rate. It highlights the tax benefit or burden resulting from operations in jurisdictions with tax rates different from the home country. Investors use this to assess the tax efficiency of the company's global footprint.