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| 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 |