What is VirnetX Holding Corp 's R&D?

VirnetX Holding Corp (VHC) reported R&D of $1.16M in Q1 2026.

How has VirnetX Holding Corp 's R&D changed year-over-year?

VirnetX Holding Corp 's R&D decreased by 7.7% year-over-year, from $1.26M to $1.16M.

What is the long-term trend for VirnetX Holding Corp 's R&D?

Over 4 years (2021 to 2025), VirnetX Holding Corp 's R&D has grown at a 0.3% compound annual growth rate (CAGR), from $5.58M to $5.65M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

VirnetX Holding Corp VHC R&D

R&D at other companies

Palo Alto Networks, Inc.PANW

$734M+48.6%

Cloudflare, Inc.NET

$150.97M+31.2%

ZscalerZS

$232.28M+36.8%

Telos CorporationTLS

$1.36M-13.6%

Varonis SystemsVRNS

$69.76M+28.7%

SentinelOneS

$95.77M+32.5%

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:ResearchAndDevelopmentExpense.

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 R&D?: VirnetX Holding Corp (VHC) reported R&D of $1.16M in Q1 2026.
How has VirnetX Holding Corp 's R&D changed year-over-year?: VirnetX Holding Corp 's R&D decreased by 7.7% year-over-year, from $1.26M to $1.16M.
What is the long-term trend for VirnetX Holding Corp 's R&D?: Over 4 years (2021 to 2025), VirnetX Holding Corp 's R&D has grown at a 0.3% compound annual growth rate (CAGR), from $5.58M to $5.65M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.