VirnetX Holding VHC
NASDAQ VHC
$11.80 +0.15 (+1.29%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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