VirnetX Holding (VHC) Operating Expenses (2010 - 2026)

VirnetX Holding's (VHC) quarterly Operating Expenses came in at $4.5 million in Q1 2026, up 11.39% year-on-year from $4.0 million in Q1 2025, and down 34.3% quarter-over-quarter from $6.9 million in Q4 2025.

VirnetX Holding (VHC) Operating Expenses (2010 - 2026) Analysis & Trends

VirnetX Holding has disclosed Operating Expenses across 17 years of filings, most recently posting $4.5 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $4.5 million, up 11.39% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.1 million (up 2.78% YoY), and the FY2025 annual result was $19.6 million, down 3.92% from the prior year.
  • Operating Expenses came in at $4.5 million for Q1 2026 at VirnetX Holding, down 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.
  • The 5-year median for Operating Expenses is $4.9 million (2024), against an average of $5.8 million.
  • Across the five-year window, Operating Expenses sank 86.9% in 2022 and soared 181.82% in 2023, its largest moves.
  • VirnetX Holding's Operating Expenses stood at $8.1 million in 2022, then dropped by 3.45% to $7.8 million in 2023, then fell by 14.26% to $6.7 million in 2024, then climbed by 2.88% to $6.9 million in 2025, then sank by 34.3% to $4.5 million in 2026.
  • The last three Operating Expenses figures came in at $4.5 million (Q1 2026), $6.9 million (Q4 2025), and $4.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 6.42 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 979.89 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 905.10 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 517.59 Mn
10 VirnetX Holding 50.68 Mn 50.68 Mn - 4.51 Mn

Historic Data

Download Data
DateValue
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