VirnetX Holding (VHC) Research & Development (2010 - 2026)
VirnetX Holding (VHC) reported Research & Development of $1.13 million for Q2 2026, down 7.3% from $1.22 million a year earlier and down 3.1% from the prior quarter.
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Analysis
VirnetX Holding (VHC) Research & Development (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, VirnetX Holding's Research & Development came in at $5.47 million, down 9.2% year-over-year; for FY2025, it came in at $5.65 million, down 6.4% from FY2024.
- Research & Development has a five-year compound annual growth rate of -8.5% (FY2020 to FY2025).
- By year, Research & Development came in at $6.04 million in FY2024 (-37.8%), $9.71 million in FY2023 (+51.6%), $6.41 million in FY2022 (+14.9%) and $5.58 million in FY2021 (-36.8%).
- The Q2 2026 figure ranks as the lowest quarterly Research & Development since Q3 2020.
- Year over year, Research & Development has now declined in each of the last six quarters, with an average decline of 4.6% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q2 2023 (growth of 278.9%); the low point was Q2 2024 (a decline of 74.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.16 million (Q1 2026), $2.04 million (Q4 2025) and $1.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 260.09 Bn | 245.16 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 244.26 Bn | 224.66 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 127.58 Bn | 113.51 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 112.93 Bn | 100.25 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 97.34 Bn | 78.98 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Zscaler | 37.10 Bn | 23.22 Bn | - | - |
| 7 | Okta | 36.45 Bn | 26.54 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Axon Enterprise | 32.48 Bn | 27.00 Bn | 546.45 Mn | 208.69 Mn |
| 9 | MongoDB | 31.35 Bn | 21.82 Bn | 569.77 Mn | 213.87 Mn |
| 10 | VirnetX Holding | 38.72 Mn | -42.12 Mn | - | 1.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.13 Mn |
| Mar 31, 2026 | 1.16 Mn |
| Dec 31, 2025 | 2.04 Mn |
| Sep 30, 2025 | 1.14 Mn |
| Jun 30, 2025 | 1.22 Mn |
| Mar 31, 2025 | 1.26 Mn |
| Dec 31, 2024 | 2.37 Mn |
| Sep 30, 2024 | 1.18 Mn |
| Jun 30, 2024 | 1.22 Mn |
| Mar 31, 2024 | 1.27 Mn |
| Dec 31, 2023 | 2.37 Mn |
| Sep 30, 2023 | 1.22 Mn |
| Jun 30, 2023 | 4.76 Mn |
| Mar 31, 2023 | 1.37 Mn |
| Dec 31, 2022 | 2.71 Mn |
| Sep 30, 2022 | 1.22 Mn |
| Jun 30, 2022 | 1.26 Mn |
| Mar 31, 2022 | 1.23 Mn |
| Dec 31, 2021 | 2.13 Mn |
| Sep 30, 2021 | 1.15 Mn |
API Access
VirnetX Holding Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();