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

VirnetX Holding (VHC) posted Operating Expenses of $4.5 million for Q1 2026, down 34.3% sequentially from $6.9 million in Q4 2025, and up 11.39% YoY from $4.0 million in Q1 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.

  • Quarterly Operating Expenses rose 11.39% year-over-year to $4.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.1 million (up 2.78% YoY) and the FY2025 annual result came in at $19.6 million, down 3.92% from the prior year.
  • Operating Expenses fell to $4.5 million in Q1 2026 per VHC's latest filing, from $6.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $12.1 million in Q2 2023, with the low at $4.0 million in Q2 2025.
  • Average Operating Expenses over 5 years is $5.8 million, with a median of $4.9 million recorded in 2024.
  • Year-over-year, Operating Expenses tumbled 86.9% in 2022 and jumped 181.82% in 2023.
  • VirnetX Holding's Operating Expenses stood at $8.1 million in 2022, then retreated by 3.45% to $7.8 million in 2023, then slipped by 14.26% to $6.7 million in 2024, then rose 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 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 VirnetX Holding - - - 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