VirnetX Holding Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $162.0K | $5.0K | $7.0K | $48.0K | $35.0K | $302.6M | $85.0K | $63.0K |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $5.7M | $6.0M | $9.7M | $6.4M | $5.6M | $8.8M | $3.8M | $4.8M |
| SG&A Expense | $13.4M | $14.4M | $21.7M | $15.7M | $52.7M | $45.8M | $15.9M | $20.7M |
| Operating Income | $-19.4M | $-20.4M | $-31.4M | $-22.1M | $-49.2M | $157.9M | $-19.7M | $-25.5M |
| Operating Margin | -12,000.0% | -407,940.0% | -449,214.3% | -45,991.7% | -140,497.1% | 52.2% | -23,135.3% | -40,407.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-18.2M | $-18.2M | $-28.0M | $-20.2M | $-49.1M | $307.5M | $-19.6M | $-25.4M |
| Income Tax Expense | $-2.0K | $3.0K | $-79.0K | $16.0M | $-6.2M | $27.0M | $-393.0K | $3.0K |
| Net Income | $-18.2M | $-18.2M | $-27.9M | $-36.3M | $-42.9M | $280.4M | $-19.2M | $-25.4M |
| Net Margin | -11,250.0% | -363,500.0% | -398,157.1% | -75,541.7% | -122,631.4% | 92.7% | -22,564.7% | -40,327.0% |
| EPS (Basic) | $-5.00 | $-5.05 | $-7.79 | $-10.17 | $-0.60 | $3.96 | $-0.28 | $-0.40 |
| EPS (Diluted) | $-5.00 | $-5.05 | $-7.79 | $-10.17 | $-0.60 | $3.92 | $-0.28 | $-0.40 |
| Shares Outstanding (Basic) | 3.6K | 3.6K | 3.6K | 71.3M | 71.2M | 70.9M | 68.6M | 66.9M |
| Shares Outstanding (Diluted) | 3.6K | 3.6K | 3.6K | 71.3M | 71.2M | 71.6M | 68.6M | 66.9M |
| Dividends Per Share | — | $0.00 | $20.00 | $0.00 | $0.00 | $1.00 | $0.00 | — |