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VirnetX Holding Corp VHC Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin-12,284.6%+638,315pp-12,000%+395,940pp-18,211.3%+411,909pp-38,094%+341,139pp-650,600%-215,486pp
Net margin-11,666.7%+573,767pp-11,250%+352,250pp-16,851.9%+364,488pp-34,708%+301,059pp-585,433.3%-189,790pp
Returns
Return on equity-68.5%-28.8pp-58.7%-20.7pp-47.8%-12.4pp-42.3%-7.4pp-39.7%+3.2pp
Return on invested capital-122.4%-51.5pp-77.4%-68.2%-70.9%
Efficiency
Asset turnover0.0×0.0×0.0×0.0×0.0×
Liquidity
Current ratio8.5×-9.2×10.7×+5.4×13.7×+7.6×16.3×+9.5×17.7×+10.6×
Leverage
Debt-to-equity0.4×+0.2×0.3×+0.1×0.2×0.0×0.2×0.0×
Per Share
Book value per share$5.02-49.9%$6.16-44.1%$7.97-36.8%$9.06-33.3%$10.03-30.5%
Valuation
Market capitalization$53.16M+26.6%$71.28M+143%$76.84M+192%$36.32M+45.1%$31.32M+34.2%
Price / sales328.2×-512×440×-5,415×724.9×-4,542×726.5×-3,445×10,441×+7,107×
Price / book2.8×+1.5×3.2×+2.4×2.6×+2.0×1.1×+0.6×0.9×+0.4×

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Questions, answered.

Where do VirnetX Holding Corp 's ratios come from?
Every ratio is computed from VirnetX Holding Corp 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.