VHC
Bearish signalScored 2026-09-02 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
Research, not advice.
À propos
VirnetX Holding Corp
- Nom
- VirnetX Holding Corp
- Secteur
- Technology
- Industrie
- Software - Infrastructure
- Bourse
- NASDAQ
- Capitalisation
- $44.0M
- Employés
- 21
- PDG
- Kendall Larsen
- Site web
- https://www.virnetx.com
- Marché
- ALARGNSSHPAIMLGOMXRDZN
VirnetX Holding Corporation, which operates primarily through its subsidiary VirnetX, Inc., is a U.S.-based entity dedicated to developing and providing internet security software and related technologies. The company engineers advanced solutions, including a secure domain name registry and its proprietary GABRIEL Connection Technology, all designed to safeguard online communications by employing a zero-trust network access methodology. Among its comprehensive suite of licenses and services are: VirnetX One: A Security-as-a-Service (SaaS) platform engineered to shield enterprise applications, services, and infrastructure from cyber threats. GABRIEL Connection Technology Software Development Kit (SDK): Facilitating rapid integration of their security methods into existing software implementations. War Room software: Which establishes a highly secure video conferencing environment for sensitive discussions and data, ensuring invisibility to unauthorized parties. GABRIEL Collaboration Suite: Enabling seamless and protected cross-platform communication among users' devices. VirnetX caters to a diverse clientele, including providers of domain infrastructure and communication services, system integrators, corporate clients, developers, and original equipment manufacturers (OEMs) of various computing and mobile devices (such as chips, servers, desktops, smartphones, tablets, and laptops). Their solutions are applied across critical markets like IP-telephony, mobile communications, fixed-mobile convergence, and unified communications. Established in 2005, the company maintains its headquarters in Zephyr Cove, Nevada.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 43 500 titres (~488 815,65 $ US)
- Insiders
- Angelo Michael FLarsen KendallFeiner Gary
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$400,943
Avg sell (VWAP, 90d window) $11.23 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$400,943 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-09-30
- Last synced
-
2026-10-06 10:56:08
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-30 | Angelo Michael F | Sell · S · 10b5-1 | 1,000 | $10.26 | $10,255 | Form 4 |
| 2026-09-14 | Larsen Kendall | Sell · S · 10b5-1 | 4,425 | $11.17 | $49,445 | Form 4 |
| 2026-09-11 | Larsen Kendall | Sell · S · 10b5-1 | 8,000 | $11.37 | $90,984 | Form 4 |
| 2026-09-10 | Larsen Kendall | Sell · S · 10b5-1 | 8,000 | $11.48 | $91,864 | Form 4 |
| 2026-09-02 | Larsen Kendall | Sell · S · 10b5-1 | 518 | $12.13 | $6,284 | Form 4 |
| 2026-09-01 | Feiner Gary | Sell · S · 10b5-1 | 3,750 | $11.00 | $41,254 | Form 4 |
| 2026-09-01 | Larsen Kendall | Sell · S · 10b5-1 | 5,000 | $11.00 | $55,005 | Form 4 |
| 2026-08-31 | Feiner Gary | Sell · S · 10b5-1 | 1 | $12.03 | $12 | Form 4 |
| 2026-08-31 | Larsen Kendall | Sell · S · 10b5-1 | 5,000 | $11.17 | $55,840 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Bearish signalScored 2026-09-02 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.
VHC presents a deeply concerning fundamental profile, with persistent massive operating losses, negative cash flows, and extremely low capital efficiency, making any recovery thesis highly speculative.
The first sentence of the analysis written for VHC on 2026-09-02 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. – Insider: neutral. All sales (≈ $401K) were pre-planned Rule 10b5-1 trades, excluded from the score. No open-market buys or discretionary sales. – Initiés : neutre. Toutes les ventes (≈ $401K) sont sous plan 10b5-1 préétabli, exclues du score. Aucun achat ni vente discrétionnaire.
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 10.70 · operating margin -11691% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 85.8% | 100.0% | -28.6% | 100.0% | 100.0% | |
| Ebit Margin | -11251.2% | -363440.0% | -399285.7% | -45991.7% | -140360.0% | |
| Ebitda Margin | -11237.0% | -363020.0% | -399157.1% | -45985.4% | -140348.6% | |
| Operating Profit Margin | -11691.4% | -407940.0% | -449214.3% | -45991.7% | -140497.1% | |
| Pretax Profit Margin | -11251.2% | -363440.0% | -399285.7% | -42141.7% | -140360.0% | |
| Continuous Operations Profit Margin | -11250.0% | -363500.0% | -398157.1% | -75541.7% | -122631.4% | |
| Net Profit Margin | -11250.0% | -363500.0% | -398157.1% | -75541.7% | -122631.4% | |
| Bottom Line Profit Margin | -11250.0% | -363500.0% | -398157.1% | -75541.7% | -122631.4% | |
| Current Ratio | 10.699 | 5.310 | 42.927 | 208.291 | 166.006 | |
| Quick Ratio | 10.699 | 5.310 | 42.927 | 208.291 | 166.006 | |
| Solvency Ratio | -2.119 | -1.818 | -6.334 | -49.594 | -40.222 | |
| Cash Ratio | 7.678 | 3.238 | 20.964 | 118.415 | 139.097 | |
| Price To Earnings Ratio | -3.338 | -1.554 | -0.899 | -0.853 | -1.437 | |
| Price To Earnings Growth Ratio | 3.371 | 0.044 | 0.038 | 0.054 | 0.012 | |
| Forward Price To Earnings Growth Ratio | 3.371 | 0.044 | 0.038 | 0.054 | 0.012 | |
| Price To Earnings Diluted Ratio | -3.338 | -1.554 | -0.899 | -0.853 | -1.437 | |
| Price To Earnings Diluted Growth Ratio | 3.371 | 0.044 | 0.038 | 0.054 | 0.012 | |
| Price To Book Ratio | 2.708 | 0.712 | 0.447 | 0.203 | 0.332 | |
| Price To Sales Ratio | 375.731 | 5,645.720 | 3,579.000 | 643.928 | 1,761.704 | |
| Price To Free Cash Flow Ratio | -3.887 | -1.839 | -1.009 | -1.828 | -1.192 | |
| Price To Operating Cash Flow Ratio | -3.891 | -1.842 | -1.011 | -1.830 | -1.192 | |
| Debt To Assets Ratio | 0.000 | 0.188 | 0.060 | 0.000 | 0.001 | |
| Debt To Equity Ratio | 0.000 | 0.236 | 0.065 | 0.000 | 0.001 | |
| Debt To Capital Ratio | 0.000 | 0.191 | 0.061 | 0.000 | 0.001 | |
| Long Term Debt To Capital Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Financial Leverage Ratio | 1.382 | 1.252 | 1.079 | 1.005 | 1.006 | |
| Working Capital Turnover Ratio | 0.006 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Ratio | -7.725 | -2.130 | -19.755 | -23.109 | -50.658 | |
| Operating Cash Flow Sales Ratio | -96.568 | -3,065.400 | -3,539.000 | -351.938 | -1,477.771 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.001 | 1.001 | 1.003 | 1.001 | 1.000 | |
| Debt Service Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Interest Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.000 | -1.640 | -6.808 | 0.000 | -527.776 | |
| Capital Expenditure Coverage Ratio | -920.235 | -696.682 | -381.123 | -1,535.727 | -4,702.000 | |
| Dividend Paid And Capex Coverage Ratio | -920.235 | -696.682 | -0.347 | -1,535.727 | -4,702.000 | |
| Dividend Payout Ratio | 0.000 | 0.000 | -2.563 | 0.000 | 0.000 | |
| Enterprise Value Multiple | -2.490 | -0.787 | -0.086 | 2.521 | 1.634 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 85.8% | ▼-14.2% | ▲14.4% |
| Ebit Margin | -11251.2% | ▲352188.8% | ▲180814.5% |
| Ebitda Margin | -11237.0% | ▲351783.0% | ▲180712.6% |
| Operating Profit Margin | -11691.4% | ▲396248.6% | ▲199375.5% |
| Pretax Profit Margin | -11251.2% | ▲352188.8% | ▲180044.5% |
| Continuous Operations Profit Margin | -11250.0% | ▲352250.0% | ▲182966.0% |
| Net Profit Margin | -11250.0% | ▲352250.0% | ▲182966.0% |
| Bottom Line Profit Margin | -11250.0% | ▲352250.0% | ▲182966.0% |
| Current Ratio | 10.699 | ▲5.389 | ▼-75.948 |
| Quick Ratio | 10.699 | ▲5.389 | ▼-75.948 |
| Solvency Ratio | -2.119 | ▼-0.301 | ▲17.898 |
| Cash Ratio | 7.678 | ▲4.440 | ▼-50.200 |
| Price To Earnings Ratio | -3.338 | ▼-1.784 | ▼-1.722 |
| Price To Earnings Growth Ratio | 3.371 | ▲3.327 | ▲2.667 |
| Forward Price To Earnings Growth Ratio | 3.371 | ▲3.327 | ▲2.667 |
| Price To Earnings Diluted Ratio | -3.338 | ▼-1.784 | ▼-1.722 |
| Price To Earnings Diluted Growth Ratio | 3.371 | ▲3.327 | ▲2.667 |
| Price To Book Ratio | 2.708 | ▲1.996 | ▲1.828 |
| Price To Sales Ratio | 375.731 | ▼-5269.989 | ▼-2025.486 |
| Price To Free Cash Flow Ratio | -3.887 | ▼-2.047 | ▼-1.936 |
| Price To Operating Cash Flow Ratio | -3.891 | ▼-2.049 | ▼-1.938 |
| Debt To Assets Ratio | 0.000 | ▼-0.188 | ▼-0.050 |
| Debt To Equity Ratio | 0.000 | ▼-0.236 | ▼-0.060 |
| Debt To Capital Ratio | 0.000 | ▼-0.191 | ▼-0.051 |
| Long Term Debt To Capital Ratio | 0.000 | 0.000 | 0.000 |
| Financial Leverage Ratio | 1.382 | ▲0.130 | ▲0.237 |
| Working Capital Turnover Ratio | 0.006 | ▲0.006 | ▲0.005 |
| Operating Cash Flow Ratio | -7.725 | ▼-5.595 | ▲12.950 |
| Operating Cash Flow Sales Ratio | -96.568 | ▲2968.832 | ▲1609.568 |
| Free Cash Flow Operating Cash Flow Ratio | 1.001 | ▼-0.000 | ▼-0.000 |
| Debt Service Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Interest Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Operating Cash Flow Coverage Ratio | 0.000 | ▲1.640 | ▲107.245 |
| Capital Expenditure Coverage Ratio | -920.235 | ▼-223.554 | ▲726.918 |
| Dividend Paid And Capex Coverage Ratio | -920.235 | ▼-223.554 | ▲650.763 |
| Dividend Payout Ratio | 0.000 | 0.000 | ▲0.513 |
| Enterprise Value Multiple | -2.490 | ▼-1.703 | ▼-2.648 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $60.9M | $28.2M | $25.1M | $30.9M | $61.7M | |
| Enterprise value | $45.3M | $14.3M | $2.4M | -$55.7M | -$80.3M | |
| EV / Sales | 279.76x | 2855.92x | 343.29x | -1159.43x | -2293.15x | |
| EV / Op. cash flow | -2.90x | -0.93x | -0.10x | 3.29x | 1.55x | |
| EV / Free cash flow | -2.89x | -0.93x | -0.10x | 3.29x | 1.55x | |
| EV / EBITDA | -2.49x | -0.79x | -0.09x | 2.52x | 1.63x | |
| Net debt / EBITDA | 0.85x | 0.77x | 0.81x | 3.92x | 2.89x | |
| Current ratio | 10.70x | 5.31x | 42.93x | 208.29x | 166.01x | |
| Income quality | 0.86x | 0.84x | 0.89x | 0.47x | 1.21x | |
| Graham net-net | $4 | $8 | $14 | $42 | $47 | |
| Tax burden | 100.0% | 100.0% | 99.7% | 179.3% | 87.4% | |
| Interest burden | 100.0% | 100.0% | 100.0% | 91.6% | 100.0% | |
| Working capital | $19.6M | $31.0M | $52.6M | $151.5M | $168.5M | |
| Invested capital | $19.7M | $39.8M | $56.5M | $151.6M | $169.4M | |
| Return on assets | -58.7% | -36.6% | -46.1% | -23.7% | -23.0% | |
| Operating ROA | -47.0% | -37.1% | -29.5% | -13.0% | -23.3% | |
| Return on tangible assets | -58.7% | -36.6% | -46.1% | -23.7% | -23.0% | |
| Return on equity | -81.1% | -45.9% | -49.8% | -23.8% | -23.1% | |
| Return on invested capital | -65.2% | -41.7% | -52.6% | -14.5% | -23.2% | |
| Return on capital employed | -65.2% | -48.1% | -53.2% | -14.5% | -26.5% | |
| Earnings yield | -29.9% | -64.4% | -111.2% | -117.3% | -69.6% | |
| Free cash flow yield | -25.7% | -54.4% | -99.1% | -54.7% | -83.9% | |
| Capex / Op. cash flow | -0.1% | -0.1% | -0.3% | -0.1% | -0.0% | |
| Capex / Depreciation | 73.9% | 104.8% | 722.2% | 157.1% | 275.0% | |
| Capex / Sales | 10.5% | 440.0% | 928.6% | 22.9% | 31.4% | |
| SG&A / Sales | 8301.2% | 287280.0% | 310428.6% | 32754.2% | 150614.3% | |
| R&D / Sales | 3490.1% | 120760.0% | 138757.1% | 13345.8% | 15934.3% | |
| Stock comp / Sales | 1216.0% | 38040.0% | 39685.7% | 6937.5% | 11954.3% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Days sales outstanding | 43d | 0d | 104d | 106d | 177d | |
| Days payables outstanding | 6157d | 0d | 17844d | 0d | 0d | |
| Operating cycle | 43d | 0d | 104d | 106d | 177d | |
| Cash conversion cycle | -6115d | 0d | -17740d | 106d | 177d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years