VirnetX Holding (VHC) Research & Development (2010 - 2026)
VirnetX Holding's (VHC) quarterly Research & Development came in at $1.1 million in Q2 2026, down 7.33% year-over-year from $1.2 million in Q2 2025, and down 3.1% quarter-over-quarter from $1.2 million in Q1 2026.
Analysis
VirnetX Holding (VHC) Research & Development (2010 - 2026) Analysis & Trends
VirnetX Holding has disclosed Research & Development across 17 years of filings, most recently posting $1.1 million for Q2 2026.
- In Q2 2026, Research & Development fell 7.33% year-over-year to $1.1 million; the TTM figure through Jun 2026 stood at $5.5 million (down 9.18% YoY), while the FY2025 annual figure was $5.7 million, down 6.36% from the prior year.
- Research & Development came in at $1.1 million for Q2 2026 at VirnetX Holding, down from $1.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $4.8 million in Q2 2023 to a low of $1.1 million in Q2 2026.
- Average Research & Development over 5 years is $1.7 million, with a median of $1.2 million recorded in 2022.
- Year-over-year, Research & Development surged 278.88% in 2023 and plunged 74.28% in 2024.
- Over 5 years, Research & Development stood at $2.7 million in 2022, then declined by 12.41% to $2.4 million in 2023, then fell by 0.04% to $2.4 million in 2024, then fell by 14.09% to $2.0 million in 2025, then plunged by 44.72% to $1.1 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $1.1 million in Q2 2026, $1.2 million in Q1 2026, and $2.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 1.16 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 509.97 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 669.10 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 208.69 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 238.03 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 224.45 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 300.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 239.00 Mn |
| 10 | VirnetX Holding | 44.75 Mn | 44.75 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 |