What is the 13F Pro Quality Score for VHC?

13F Pro ranks VirnetX Holding Corp (VHC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View VHC's current score at https://13fpro.ai/research/VHC (free sign-up required for the full ranking).

Where does 13F Pro source VHC data?

All VirnetX Holding Corp fundamentals and ownership data come directly from SEC EDGAR. VirnetX Holding Corp files with the SEC under CIK 1082324. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is VHC in?

VirnetX Holding Corp (VHC) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is VHC research updated on 13F Pro?

VHC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

VirnetX Holding Corp(VHC)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Limited institutional coverage

Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 30 institutional filers currently hold this stock.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

VHC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for VirnetX Holding Corp (VHC), a Financials sector company. VHC is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 30 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q1 2026), VirnetX Holding Corp reports net income of $-4.4M, free cash flow of $-4.3M. Top institutional holders of VHC by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, Williams Jones Wealth Management,, Csenge Advisory Group, based on the most recent SEC filings. VHC trades on the Nasdaq exchange and files with the SEC under CIK 1082324. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VirnetX Holding Corp directly from SEC EDGAR. VirnetX Holding Corp's 13F Pro composite quality score has ranged between 5 and 77 since 2022, currently 7.0 — a declining long-term trajectory across 10 quarterly and live scoring snapshots.

Revenue

Q1 2026

$0.00

Net Income

Q1 2026

$-4.4M

Free Cash Flow

Q1 2026

$-4.3M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+237.5% YoY

$162.0KFY 2025

FY18 $63.0KFY19 $85.0KFY22 $48.0KFY25 $162.0K

Net Income

+49.7% YoY

$-18.2MFY 2025

FY18 $-25.4MFY19 $-19.2MFY22 $-36.3MFY25 $-18.2M

Operating Income

+11.9% YoY

$-19.4MFY 2025

FY18 $-25.5MFY19 $-19.7MFY22 $-22.1MFY25 $-19.4M

EPS (Diluted)

+50.8% YoY

$-5.00FY 2025

FY18 —FY19 $-0.28FY22 $-10.17FY25 $-5.00

Total Assets

-79.7% YoY

$31.1MFY 2025

FY18 $11.8MFY19 $7.5MFY22 $153.0MFY25 $31.1M

Op. Cash Flow

+7.4% YoY

$-15.6MFY 2025

FY18 $-22.3MFY19 $-15.1MFY22 $-16.9MFY25 $-15.6M

Metric	FY 2025	FY 2022	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$162.0K +237.5%	$48.0K -43.5%	$85.0K +34.9%	$63.0K -95.9%	$1.5M -0.2%	$1.6M
Net Income	$-18.2M +49.7%	$-36.3M -89.1%	$-19.2M +24.5%	$-25.4M -47.0%	$-17.3M +39.5%	$-28.6M
Operating Income	$-19.4M +11.9%	$-22.1M -12.3%	$-19.7M +22.8%	$-25.5M -47.0%	$-17.3M +39.2%	$-28.5M
EPS (Diluted)	$-5.00 +50.8%	$-10.17 -3532.1%	$-0.28	—	—	—
Total Assets	$31.1M -79.7%	$153.0M +1940.2%	$7.5M -36.2%	$11.8M +63.8%	$7.2M -62.0%	$18.9M
Operating Cash Flow	$-15.6M +7.4%	$-16.9M -12.0%	$-15.1M +32.4%	$-22.3M -49.2%	$-14.9M +31.8%	$-21.9M

AI Insight: VHC Financial Trends

VirnetX is a cash-burning shell with zero revenue and eroding equity; no turnaround visible in current data.

• Revenue remains at $0M across all eight quarters; no commercial traction.

• Equity declined 61% from $49M (Q2 2024) to $19M (Q1 2026) due to sustained losses.

• Operating cash burn averaged $4M per quarter; Q4 2025 spiked to $6M.

⚠ Equity approaching critical depletion at $19M; runway finite without capital raise or revenue.

⚠ Net income loss of $7M in Q4 2025 marks largest quarterly loss since data began.

AI Insight: VHC Ratio Trends

VirnetX remains deeply unprofitable with accelerating losses; ROE collapsed to -92.4% in Q1 2026, worsening from -40.5% a year prior.

• ROE deteriorated from -40.5% in Q1 2025 to -92.4% in Q1 2026; ROA fell from -32.6% to -65.2% over same period.

• Q4 2025 marked extreme loss point with ROE at -117.1% and ROA at -84.7%, indicating severe operational distress.

• ROIC data unavailable for Q4 2025 and TTM; last reported ROIC was -95.7% in Q1 2026, indicating severe capital destruction.

⚠ Q1 2026 shows marginal improvement from Q4 2025 lows, but remains deeply negative; monitor if sequential recovery sustains.

⚠ Consistent unprofitability across 9-quarter span with no visible path to positive returns; capital structure and cash burn critical.

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Available Research

13F Pro tracks comprehensive data for VirnetX Holding Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of VHC

VANGUARD CAPITAL MANAGEMENT LLC
$2.2M155,541 sh
Williams Jones Wealth Management, LLC.
$1.4M100,140 sh
Csenge Advisory Group
$964.6K68,360 sh
BlackRock, Inc.
$893.3K63,308 sh
GEODE CAPITAL MANAGEMENT, LLC
$664.9K47,933 sh
VANGUARD FIDUCIARY TRUST CO
$313.7K22,632 sh
HighTower Advisors, LLC
$290.3K20,571 sh
Forum Financial Management, LP
$244.4K17,321 sh
STATE STREET CORP
$208.6K15,047 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$143.2K10,330 sh

Fund	Value	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$2.2M	155,541
Williams Jones Wealth Management, LLC.	$1.4M	100,140
Csenge Advisory Group	$964.6K	68,360
BlackRock, Inc.	$893.3K	63,308
GEODE CAPITAL MANAGEMENT, LLC	$664.9K	47,933
VANGUARD FIDUCIARY TRUST CO	$313.7K	22,632
HighTower Advisors, LLC	$290.3K	20,571
Forum Financial Management, LP	$244.4K	17,321
STATE STREET CORP	$208.6K	15,047
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$143.2K	10,330

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Is VHC a good stock to buy?

13F Pro's AI-powered analysis of VirnetX Holding Corp (VHC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VHC are available on the VHC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own VHC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VHC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VirnetX Holding Corp's investment landscape.