VirnetX Holding (VHC) Free Cash Flow (2010 - 2026)
VirnetX Holding (VHC) posted Free Cash Flow of -$4.3 million for Q1 2026, up 26.02% sequentially from -$5.8 million in Q4 2025, and down 10.35% YoY from -$4.8 million in Q1 2025.
VirnetX Holding (VHC) Free Cash Flow (2010 - 2026) Analysis & Trends
VirnetX Holding has reported Free Cash Flow for 17 years, with the latest figure at -$4.3 million in Q1 2026.
- Quarterly Free Cash Flow fell 10.35% year-over-year to -$4.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$16.1 million (down 2.21% YoY) and the FY2025 annual result came in at -$15.7 million, down 2.03% from the prior year.
- Free Cash Flow improved to -$4.3 million in Q1 2026 per VHC's latest filing, from -$5.8 million in the prior quarter.
- Over five years, Free Cash Flow peaked at -$2.5 million in Q3 2022 and troughed at -$11.8 million in Q2 2023.
- A 5-year average of -$4.5 million and a median of -$3.5 million in 2024 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow jumped 91.93% in 2022, then plunged 252.58% in 2023.
- Over 5 years, Free Cash Flow stood at -$7.1 million in 2022, then grew by 0.07% to -$7.1 million in 2023, then advanced by 22.03% to -$5.5 million in 2024, then retreated by 5.2% to -$5.8 million in 2025, then increased by 26.02% to -$4.3 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$4.3 million, -$5.8 million, and -$3.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.20 Bn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -1.87 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | -7.56 Bn |
| 10 | VirnetX Holding | 54.13 Mn | 54.13 Mn | - | -4.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.30 Mn |
| Mar 31, 2026 | -4.30 Mn |
| Dec 31, 2025 | -5.81 Mn |
| Dec 31, 2025 | -5.81 Mn |
| Sep 30, 2025 | -3.02 Mn |
| Sep 30, 2025 | -3.02 Mn |
| Jun 30, 2025 | -2.94 Mn |
| Jun 30, 2025 | -2.94 Mn |
| Mar 31, 2025 | -3.89 Mn |
| Mar 31, 2025 | -3.89 Mn |
| Dec 31, 2024 | -5.52 Mn |
| Dec 31, 2024 | -5.52 Mn |
| Sep 30, 2024 | -3.22 Mn |
| Sep 30, 2024 | -3.22 Mn |
| Jun 30, 2024 | -3.08 Mn |
| Jun 30, 2024 | -3.08 Mn |
| Mar 31, 2024 | -3.52 Mn |
| Mar 31, 2024 | -3.52 Mn |
| Dec 31, 2023 | -7.08 Mn |
| Dec 31, 2023 | -7.08 Mn |