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VirnetX Holding Corp VHC Effective Income Tax Rate Reconciliation Tax Credits Research

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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+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:EffectiveIncomeTaxRateReconciliationTaxCreditsResearch.

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 effective income tax rate reconciliation tax credits research?
VirnetX Holding Corp (VHC) reported effective income tax rate reconciliation tax credits research of -2% in Q4 2025.
What does effective income tax rate reconciliation tax credits research mean?
This metric quantifies the percentage point impact of research and development tax credits on the company's overall effective tax rate. It demonstrates how significantly R&D incentives reduce the company's tax burden relative to the statutory rate. This is a key indicator of the tax-efficiency of the company's innovation strategy.