NASDAQ · Software - Infrastructure · USD

VirnetX Holding Corporation (VHC) Stock Analysis

VirnetX Holding Corporation (VHC) is a Software - Infrastructure stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

VHC

$10.22

+$0.29 (+2.97%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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VHC Key Statistics

As of Oct 21, 2026

Trading

Open: $9.97
Previous Close: $9.92
Day's Range: 9.97–10.27
52-Week Range: 8.41–26.00
Volume: 5.08K
Beta: 2.26

Valuation

Market Cap: $42.86M
P/E Ratio: unprofitable
P/S ratio: 375.98
EPS (ttm): −5.37

Financials (FY)

Revenue (FY): $162.00K+3,140.00%
Net Income (FY): −$18.23M
Shares Outstanding: 4.20M
1-Year Return: −49.63%

Dividend and dates

Avg Volume: 59.13K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, VHC closed at $10.22, −49.63% over 1 year.

VirnetX Holding Corporation (VHC) has a market capitalization of $42.86M.

In fiscal 2025, VHC reported revenue of $162.00K.

VHC Stock Return by Calendar Year

VirnetX Holding Corporation (VHC) 10-year return: what $10,000 became

1 year: $10,000 $5,037; −49.63%
5 years: $10,000 $3,799; −62.01%
10 years: $10,000 $5,526; −44.74%

If you had invested $10,000 in VirnetX Holding Corporation (VHC) 10 years ago, at the close on October 21, 2016, it would have been worth $5,526 at the close on October 21, 2026: −44.74% in total, −5.76% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−50.00%+112.61%−38.80%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−38.80%
2025	+112.61%
2024	+12.14%
2023	−21.30%
2022	−50.00%
2021	−48.41%
2020	+54.63%
2019	+58.33%
2018	−35.14%
2017	+68.18%
2016 (partial year)	−12.00%

As of October 21, 2026.

VHC Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$162.00K	−$18.23M	−11,250.0%
2024	$5.00K	−$18.18M	−363,500.0%
2023	$7.00K	−$27.87M	−398,157.1%
2022	$48.00K	−$36.26M	−75,541.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$162.00K	—	−$18.94M	−$18.23M	−11,250.0%
2024	$5.00K	—	−$20.40M	−$18.18M	−363,500.0%
2023	$7.00K	—	−$31.45M	−$27.87M	−398,157.1%
2022	$48.00K	—	−$22.08M	−$36.26M	−75,541.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

VHC Dividend History

$20.00

Dividends per share, 2023 · 1 payments

Year	Dividends per share	Payments	Change
2023	$20.00	1	—
2020	$20.00	1	—

Most recent payment: $20.00 per share, ex-dividend April 18, 2023. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

VHC Valuation vs Software - Infrastructure Median

Median of 182 stocks

Metric	VHC	Software - Infrastructure median	vs median
P/S ratio	375.98	3.27	115.1x the median

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

VirnetX Holding Corporation (VHC) carries a market capitalisation of $42.86M. The company sits in the Technology sector, in the Software - Infrastructure industry. The company reports 21 employees.

Over the past 52 weeks the price has ranged from $8.41 to $26.00. The most recent close on file for VHC is $10.22, dated October 21, 2026. That is +$0.29 (+2.97%) against the previous close. The latest close sits 21.46% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $162.00K. Against the prior fiscal year total of $5.00K, that is a change of +3,140.00%. The same year closed with a net loss of $18.23M. Trailing earnings per share are −5.37.

Across the 4 fiscal years on file, revenue moves from $48.00K in 2022 to $162.00K in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. Measured against sales, the shares trade at 375.98 times revenue. On price-to-sales that is 115.1 times the Software - Infrastructure median of 3.27. 182 Software - Infrastructure companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 2.26. Annualized volatility over the trailing 10 years is 87.07%. The trailing one-year total return is −49.63%. Measured over 10 years, that is −5.76% a year compounded.

Growth & Income

The latest dividend on file for VHC dates from 2023. Dividends are recorded for 2 calendar years; 2023 shows 1 payments totalling $20.00 a share.

The strongest complete calendar year on file is 2025 at +112.61%; the weakest is 2022 at −50.00%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the total return is −38.80% year to date.

Peer Comparison

VirnetX Holding Corporation (VHC) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
VirnetX Holding Corporation	VHC	$42.86M	—
Microsoft Corporation	MSFT	$3.96T	29.7
Palantir Technologies Inc.	PLTR	$484.74B	173.9
Oracle Corporation	ORCL	$391.46B	20.2

The Software - Infrastructure industry average P/E ratio is 30.2x. VirnetX Holding Corporation has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About VirnetX Holding Corporation

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company in the United States. It offers VirnetX One, a security-as-a-service platform to protect applications, services, and infrastructure; VirnetX Matrix, which protects internet-enabled enterprise applications, and connected devices, as well as control systems, such as file servers, data backup systems, and VPN or firewall environments. The company also provides VirnetX War Room for secure collaboration and visualization capabilities designed to support communications. It serves the U.S. Department of Defense, federal government, and commercial customers requiring real-time encrypted communications and network security. The company was founded in 2005 and is headquartered in Zephyr Cove, Nevada.

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