VirnetX Holding (VHC) Operating Expenses (2010 - 2026)
VirnetX Holding's (VHC) quarterly Operating Expenses came in at $4.7 million in Q2 2026, up 16.53% year-over-year from $4.0 million in Q2 2025, and up 3.19% quarter-over-quarter from $4.5 million in Q1 2026.
Analysis
VirnetX Holding (VHC) Operating Expenses (2010 - 2026) Analysis & Trends
VirnetX Holding has disclosed Operating Expenses across 17 years of filings, most recently posting $4.7 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 16.53% year-over-year to $4.7 million; the TTM figure through Jun 2026 stood at $20.7 million (up 8.51% YoY), while the FY2025 annual figure was $19.6 million, down 3.92% from the prior year.
- Operating Expenses came in at $4.7 million for Q2 2026 at VirnetX Holding, up from $4.5 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.
- Average Operating Expenses over 5 years is $5.7 million, with a median of $4.8 million recorded in 2024.
- Year-over-year, Operating Expenses plunged 86.9% in 2022 and jumped 181.82% in 2023.
- Over 5 years, 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 plunged by 32.2% to $4.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.7 million in Q2 2026, $4.5 million in Q1 2026, and $6.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 2.21 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 499.67 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 498.25 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 407.03 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 586.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 488.50 Mn |
| 10 | VirnetX Holding | 44.75 Mn | 44.75 Mn | - | 4.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.65 Mn |
| 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 |