VirnetX Holding (VHC) Gross Margin (2010 - 2023)
VirnetX Holding (VHC) posted Gross Margin of 100.0% for Q3 2023, little changed sequentially from 100.0% in Q2 2023, and little changed YoY from 100.0% in Q3 2022.
VirnetX Holding (VHC) Gross Margin (2010 - 2023) Analysis & Trends
VirnetX Holding has reported Gross Margin for 11 years, with the latest figure at 100.0% in Q3 2023.
- Quarterly Gross Margin changed 0.0% year-over-year to 100.0% in Q3 2023, while the trailing twelve-month figure through Dec 2023 was 100.0% (up 833.0% YoY) and the FY2023 annual result came in at 100.0%, up 833.0% from the prior year.
- Gross Margin was little changed at 100.0% in Q3 2023 per VHC's latest filing, from 100.0% in the prior quarter.
- Over five years, Gross Margin peaked at 3327.27% in Q4 2021 and troughed at 188660.0% in Q1 2021.
- A 5-year average of 9670.66% and a median of 100.0% in 2019 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2021 and 2022: Gross Margin tumbled 18873022 bps in 2021, then surged 18868000 bps in 2022.
- Over 5 years, Gross Margin stood at 100.0% in 2019, then changed by 0 bps to 100.0% in 2020, then jumped by 3227 bps to 3327.27% in 2021, then plunged by 97 bps to 100.0% in 2022, then changed by 0 bps to 100.0% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 100.0%, 100.0%, and 100.0% for Q3 2023, Q2 2023, and Q1 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | VirnetX Holding | 54.13 Mn | 54.13 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 100.00% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 100.00% |
| Sep 30, 2022 | 100.00% |
| Jun 30, 2022 | 100.00% |
| Mar 31, 2022 | 20.00% |
| Dec 31, 2021 | 3,327.27% |
| Sep 30, 2021 | 100.00% |
| Jun 30, 2021 | 100.00% |
| Mar 31, 2021 | -188,660.00% |
| Dec 31, 2020 | 100.00% |
| Sep 30, 2020 | 100.00% |
| Jun 30, 2020 | 100.00% |
| Mar 31, 2020 | 70.22% |
| Dec 31, 2019 | 100.00% |
| Sep 30, 2019 | 100.00% |
| Jun 30, 2019 | 100.00% |
| Mar 31, 2019 | 100.00% |
| Dec 31, 2017 | 100.00% |