VirnetX Holding (FRA:VN20) EBIT: €-16.66 Mil (TTM As of Mar. 2026)


FRA:VN20 VirnetX Holding Corp FRA:VN20
40 GF Score
Price €11.00
GF Value €76.21
Valuation Possible Value Trap
! 5 Warning Signs
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What is VirnetX Holding EBIT?

VirnetX Holding FRA:VN20 40 EBIT is €-16.66 Mil as of Mar. 2026. GuruFocus rates FRA:VN20 with a GF Score™ of 40/100 and a GF Value™ of €76.21 (Possible Value Trap). The stock has 5 warning signs investors should review.

VirnetX Holding's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-3.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-16.66 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VirnetX Holding's annualized ROC % for the quarter that ended in Mar. 2026 was -170.01%. VirnetX Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -31,192.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VirnetX Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -54.12%.


VirnetX Holding  (FRA:VN20) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

VirnetX Holding's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-15.596 * ( 1 - 0% )/( (9.204 + 9.143)/ 2 )
=-15.596/9.1735
=-170.01 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

VirnetX Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-15.596/( ( (0.052 + max(-1.61, 0)) + (0.048 + max(-1.49, 0)) )/ 2 )
=-15.596/( ( 0.052 + 0.048 )/ 2 )
=-15.596/0.05
=-31,192.00 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.016 + 0 + 0.103) - (0.549 + 0 + 1.18)
=-1.61

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.291) - (0.537 + 0 + 1.244)
=-1.49

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

VirnetX Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-16.66/30.784
=-54.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


VirnetX Holding EBIT Related Terms


VirnetX Holding EBIT Historical Data

* Premium members only.

The historical data trend for VirnetX Holding's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VirnetX Holding EBIT Chart

VirnetX Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.52 -20.84 -28.84 -19.48 -16.18

VirnetX Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.74 -3.42 -3.53 -5.81 -3.90

FRA:VN20 vs WHEN, RMXI, MOVE: EBIT Comparison

For the Software - Infrastructure subindustry, VirnetX Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VirnetX Holding EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, VirnetX Holding's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where VirnetX Holding's EV-to-EBIT falls into.


FRA:VN20
40GF Score
VirnetX Holding Corp FRA:VN20
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VirnetX Holding EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-16.66 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-16.66 Mil mean?
VirnetX Holding (FRA:VN20) has a EBIT of €-16.66 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VirnetX Holding.
Is VirnetX Holding's EBIT too high?
VirnetX Holding's current EBIT is €-16.66 Mil. Overall, VirnetX Holding has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VirnetX Holding's EBIT compare to WHEN and RMXI?
VirnetX Holding's EBIT of €-16.66 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VirnetX Holding. VirnetX Holding's current EBIT is €-16.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirnetX Holding stock overvalued right now?
Based on GuruFocus' analysis, VirnetX Holding (FRA:VN20) is currently considered Possible Value Trap. The stock's GF Value™ is €76.21, compared to a current price of €11.00 — trading 85.6% below its estimated fair value. The current EBIT is €-16.66 Mil. VirnetX Holding's overall GF Score™ is 40/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For VirnetX Holding (FRA:VN20), the current EBIT is €-16.66 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VirnetX Holding (FRA:VN20) Overvalued in 2026?

Based on GuruFocus' analysis, VirnetX Holding stock appears to be undervalued. The current stock price of €11.00 is trading 85.6% below its estimated GF Value™ of €76.21. GuruFocus considers VirnetX Holding to be Possible Value Trap.

Key valuation signals for FRA:VN20:

  • EBIT: €-16.66 Mil
  • GF Value™: €76.21 vs. price of €11.00 (85.6% below fair value)
  • GF Score™: 40/100 with 5 warning signs

No single metric tells the full story. See the FRA:VN20 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VirnetX Holding Business Description

Other Exchanges VHC:USA
Address 308 Dorla Court, Suite 206, Zephyr Cove, NV, USA, 89448
VirnetX Holding Corp is engaged in the business of commercializing a portfolio of patents. It is an Internet security software and technology company with patented technology for secure communications. Its software and technology solutions, including its Secure Domain Name Registry and Technology, VirnetX One, War Room, VirnetX Matrix, and GABRIEL Connection Technology, are designed to be device and location-independent, and enable a secure real-time communication environment for all types of enterprise applications, services and critical infrastructures.
40GF Score

Get the complete analysis for FRA:VN20

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.00
Price
€76.21
GF Value