VirnetX Holding (VHC) EV to EBITDA (2009 - 2026)
VirnetX Holding's (VHC) quarterly EV to EBITDA came in at 8.53 in Q2 2026, down 122.4% year-over-year from 38.07 in Q2 2025, and up 8.12% quarter-over-quarter from 9.28 in Q1 2026.
Analysis
VirnetX Holding (VHC) EV to EBITDA (2009 - 2026) Analysis & Trends
VirnetX Holding has disclosed EV to EBITDA across 18 years of filings, most recently posting 8.53 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 122.4% year-over-year to 8.53; the TTM figure through Jun 2026 stood at 1.92 (down 142.44% YoY), while the FY2025 annual figure was 2.5, down 1160.4% from the prior year.
- EV to EBITDA came in at 8.53 for Q2 2026 at VirnetX Holding, up from 9.28 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 18.3 in Q2 2022 to a low of 10.47 in Q3 2025.
- Average EV to EBITDA over 5 years is 2.81, with a median of 3.8 recorded in 2023.
- Year-over-year, EV to EBITDA soared 429.53% in 2022 and plunged 1416.56% in 2026.
- Over 5 years, EV to EBITDA stood at 7.35 in 2022, then tumbled by 50.64% to 3.63 in 2023, then tumbled by 80.12% to 0.72 in 2024, then tumbled by 1090.45% to 7.14 in 2025, then fell by 19.39% to 8.53 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 8.53 in Q2 2026, 9.28 in Q1 2026, and 7.14 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn |
| 10 | VirnetX Holding | 44.75 Mn | 44.75 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.53 |
| Mar 31, 2026 | -9.28 |
| Dec 31, 2025 | -7.14 |
| Sep 30, 2025 | -10.47 |
| Jun 30, 2025 | -3.83 |
| Mar 31, 2025 | 0.70 |
| Dec 31, 2024 | 0.72 |
| Sep 30, 2024 | 3.98 |
| Jun 30, 2024 | 4.87 |
| Mar 31, 2024 | 5.42 |
| Dec 31, 2023 | 3.63 |
| Sep 30, 2023 | 7.57 |
| Jun 30, 2023 | 2.72 |
| Mar 31, 2023 | 9.44 |
| Dec 31, 2022 | 7.35 |
| Sep 30, 2022 | 14.09 |
| Jun 30, 2022 | 18.30 |
| Mar 31, 2022 | 11.13 |
| Dec 31, 2021 | -2.23 |
| Sep 30, 2021 | -25.20 |