VirnetX Holding Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $15.5M | $23.3M | $26.3M | $86.6M | $142.0M | $192.9M | $3.1M | $7.6M |
| Accounts Receivable | $19.0K | $0 | $2.0K | $14.0K | $17.0K | $8.0K | $5.0K | $6.0K |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $21.7M | $38.2M | $53.8M | $152.3M | $169.5M | $224.4M | $5.8M | $10.1M |
| Property, Plant & Equipment | $61.0K | $67.0K | $67.0K | $11.0K | $18.0K | $11.0K | $16.0K | $9.0K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $31.1M | $49.6M | $60.4M | $153.0M | $186.5M | $234.8M | $7.5M | $11.8M |
| Liabilities | ||||||||
| Accounts Payable | $388.0K | $336.0K | $440.0K | $373.0K | $338.0K | $654.0K | $1.3M | $1.1M |
| Total Current Liabilities | $2.0M | $7.2M | $1.3M | $731.0K | $1.0M | $10.4M | $1.8M | $1.9M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $8.6M | $10.0M | $4.4M | $731.0K | $1.1M | $10.4M | $1.9M | $1.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-222.9M | $-204.7M | $-186.5M | $-87.2M | $-50.9M | $-8.0M | $-217.6M | $-198.4M |
| Total Stockholders' Equity | $22.5M | $39.6M | $56.0M | $152.2M | $185.4M | $224.4M | $5.6M | $9.9M |