VHC (VirnetX Holding) Net Income: $-18.90 Mil (TTM As of Mar. 2026)

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VHC VirnetX Holding Corp VHC
47 GF Score
Price $11.84
GF Value $87.30
Valuation Possible Value Trap
! 5 Warning Signs
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What is VirnetX Holding Net Income?

VirnetX Holding VHC +4.46% 47 Net Income is $-18.90 Mil as of Mar. 2026. GuruFocus rates VHC with a GF Score™ of 47/100 and a GF Value™ of $87.30 (Possible Value Trap). The stock has 5 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. VirnetX Holding's Net Income for the three months ended in Mar. 2026 was $-4.35 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-18.90 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. VirnetX Holding's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was $-1.16.


VirnetX Holding  (NAS:VHC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

VirnetX Holding's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2026 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


VirnetX Holding Net Income Related Terms


VirnetX Holding Net Income Historical Data

* Premium members only.

The historical data trend for VirnetX Holding's Net Income 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 Net Income Chart

VirnetX Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -42.92 -36.26 -27.87 -18.18 -18.23

VirnetX Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Income 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 -3.68 -3.62 -4.35 -6.58 -4.35
VHC
47GF Score
VirnetX Holding Corp VHC
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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VirnetX Holding Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

VirnetX Holding's Net Income for the fiscal year that ended in Dec. 2025 is calculated as

Net Income(A: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-18.227+0.002+0+0
=-18.23

VirnetX Holding's Net Income for the quarter that ended in Mar. 2026 is calculated as

Net Income(Q: Mar. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-4.354+0+0+0
=-4.35

Net Income 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 $-18.90 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 Net Income →
What does a Net Income of $-18.90 Mil mean?
VirnetX Holding (VHC) has a Net Income of $-18.90 Mil as of Mar. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on VirnetX Holding and its competitors.
Is VirnetX Holding's Net Income too high?
VirnetX Holding's current Net Income is $-18.90 Mil. Overall, VirnetX Holding has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does VirnetX Holding's Net Income compare to WHEN and RMXI?
VirnetX Holding's Net Income of $-18.90 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 Net Income for a Software company?
A good Net Income depends on the Software industry context. However, Net Income 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 Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on VirnetX Holding and its competitors. VirnetX Holding's current Net Income is $-18.90 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 (VHC) is currently considered Possible Value Trap. The stock's GF Value™ is $87.30, compared to a current price of $11.84 — trading 86.4% below its estimated fair value. The current Net Income is $-18.90 Mil. VirnetX Holding's overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For VirnetX Holding (VHC), the current Net Income is $-18.90 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 (VHC) Overvalued in 2026?

Based on GuruFocus' analysis, VirnetX Holding stock appears to be undervalued. The current stock price of $11.84 is trading 86.4% below its estimated GF Value™ of $87.30. GuruFocus considers VirnetX Holding to be Possible Value Trap.

Key valuation signals for VHC:

  • Net Income: $-18.90 Mil
  • GF Value™: $87.30 vs. price of $11.84 (86.4% below fair value)
  • GF Score™: 47/100 with 5 warning signs

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


VirnetX Holding Business Description

Other Exchanges VN20:Germany
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.
47GF Score

Get the complete analysis for VHC

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

$11.84
Price
$87.30
GF Value