Company Analysis

VirnetX Holding Corp VHC

A comprehensive view of key metrics, scores, and financial health for VirnetX Holding Corp

Overview of VirnetX Holding Corporation

VHC NCM

Technology Software - Infrastructure Framework: Software & SaaS Micro Cap

VirnetX Holding Corporation (VHC), is a Micro Cap company, in the Software - Infrastructure industry, last closed at $12.65, about 0.0% overvalued vs fair value, +47.4% 1Y return, ranked 416/770 in sector.

USD 12.65

-0.55%

(Delayed)

• Vol 90d: 98.3%

52-Week Range

Low

7.50

30%

Now 12.65

High

24.84

Market Cap

$53.50M

Enterprise Value

$36.38M

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Weak

Health

Fair

Efficiency

Fair

Valuation

Weak

Growth

Fair

Profitability

Weak

Health

Fair

Efficiency

Fair

Valuation

Weak

Completeness: 82%

Confidence: 88%

Updated: Mar 8

Top Beats

Quick Facts

Website https://www.virnetx.com

HQ Zephyr Cove, NV

Employees 23

Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull

$-8

Current: $12.65

Engine Room Money Flow™

Micro Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps

Total Revenue

$5.0K

-28.6%%

Gross Profit

$5.0K

350%%

Operating Income (GAAP)

$-20.4M

35.1%%

Operating Cash Flow

$-15.3M

38.1%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Software & SaaS

Data Quality Notes

Note: 'Free Cash Flow' here is GAAP FCF (Operating Cash Flow − CapEx). Many software companies report an adjusted FCF that also adds back SBC; the Rule of 40 and FCF Margin shown use GAAP FCF, which is the more conservative and investor-relevant figure.
SBC is 38040.0% of revenue — a real economic cost that dilutes shareholders annually even though it is a non-cash GAAP charge.
Rule of 40 score is -307008.6 — below the 40-point benchmark. The company is not yet balancing growth and profitability at the level typically expected by institutional SaaS investors.

Quality & Reliability Indicators

Gross Margin

100.0%

Excellent

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$129.0K

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

0/2

Improving

High Impact

Critical

Dividend/Buyback Overreach

Current: 200.0%

Allocation Leak

Locked Leak

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Pricing Power

Developing

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Recurring Revenue Stickiness

Weak

Innovation Engine

Weak

Cash Scalability

Weak

Capital Efficiency

Developing

Balance Sheet Resilience

Developing

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 81% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

15th percentile vs peers

Key Signals

EPS Growth YoY 35.1% 56p Rev Growth YoY -28.6% 9p Revenue CAGR 3Y -47.7% 3p

Strengths

Gross Profit Margin in top 20% of peers (1.00, 98th percentile)
Current Ratio in top 20% of peers (5.31, 90th percentile)
Strong liquidity position vs peers

Risks

Growth in bottom 20% of peers (percentile: 15)
Rev Growth YoY in bottom 20% of peers (-28.6%)

Profitability

27th percentile vs peers

Key Signals

Strengths

Risks

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Safety

48th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for VirnetX Holding Corp.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$-8.06

- - -

- upside

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

VirnetX Holding Corp VHC

Overview of VirnetX Holding Corporation

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Gross Margin

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Dividend/Buyback Overreach

Locked Leak

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Pricing Power

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Recurring Revenue Stickiness

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Innovation Engine

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Cash Scalability

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Capital Efficiency

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Balance Sheet Resilience

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Growth

Profitability

Safety

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