VirnetX Holding (VHC) Operating Expenses (2010 - 2026)
VirnetX Holding (VHC) reported Operating Expenses of $4.5 million for Q1 2026, up 11.39% on a YoY basis from $4.0 million in Q1 2025, and down 34.3% sequentially from $6.9 million in Q4 2025.
VirnetX Holding (VHC) Operating Expenses (2010 - 2026) Analysis & Trends
VirnetX Holding (VHC) has 17 years of Operating Expenses data on file, last reported at $4.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 11.39% year-over-year to $4.5 million; the trailing twelve-month figure through Mar 2026 stood at $20.1 million (up 2.78% YoY), and the FY2025 full-year result was $19.6 million, down 3.92% from the prior year.
- Operating Expenses fell to $4.5 million in Q1 2026, from $6.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $12.1 million in Q2 2023 to a low of $4.0 million in Q2 2025.
- A 5-year average of $5.8 million and a median of $4.9 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses tumbled 86.9% in 2022 and soared 181.82% in 2023, its largest moves.
- Tracing VHC's Operating Expenses over 5 years: stood at $8.1 million in 2022, then slipped by 3.45% to $7.8 million in 2023, then declined by 14.26% to $6.7 million in 2024, then advanced by 2.88% to $6.9 million in 2025, then slumped by 34.3% to $4.5 million in 2026.
- Business Quant data shows VHC's Operating Expenses at $4.5 million in Q1 2026, $6.9 million in Q4 2025, and $4.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | VirnetX Holding | 48.76 Mn | 48.76 Mn | - | 4.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.51 Mn |
| Dec 31, 2025 | 6.86 Mn |
| Sep 30, 2025 | 4.70 Mn |
| Jun 30, 2025 | 3.99 Mn |
| Mar 31, 2025 | 4.05 Mn |
| Dec 31, 2024 | 6.67 Mn |
| Sep 30, 2024 | 4.39 Mn |
| Jun 30, 2024 | 4.42 Mn |
| Mar 31, 2024 | 4.93 Mn |
| Dec 31, 2023 | 7.78 Mn |
| Sep 30, 2023 | 5.64 Mn |
| Jun 30, 2023 | 12.12 Mn |
| Mar 31, 2023 | 5.92 Mn |
| Dec 31, 2022 | 8.06 Mn |
| Sep 30, 2022 | 5.36 Mn |
| Jun 30, 2022 | 4.30 Mn |
| Mar 31, 2022 | 4.41 Mn |
| Dec 31, 2021 | 7.16 Mn |
| Sep 30, 2021 | 4.24 Mn |
| Jun 30, 2021 | 4.16 Mn |