VirnetX Holding Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	17.13	23.3	26.29	86.56	142.02	192.91
Short-Term Investments	11.06	14.79	27.26	65.46	27.25	28.35
Cash & Short-Term Investments	28.19	38.08	53.55	152.02	169.27	221.26
Cash Growth	-35.57%	-28.88%	-64.78%	-10.19%	-23.49%	3901.74%
Receivables	0.02	-	0	0.01	0.02	0.01
Prepaid Expenses	0.22	0.12	0.28	0.22	0.2	0.26
Other Current Assets	-	-	-	-	-	2.91
Total Current Assets	28.44	38.2	53.83	152.26	169.49	224.43
Property, Plant & Equipment	7.46	8.81	3.9	0.66	0.97	1.26
Long-Term Investments	2	2.5	2.5	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	15.95	9.05
Other Long-Term Assets	0.09	0.09	0.19	0.06	0.11	0.05
Total Assets	37.98	49.61	60.41	152.98	186.52	234.79
Accounts Payable	0.38	0.34	0.44	0.37	0.34	0.65
Accrued Expenses	0.38	0.26	0.32	0.31	0.27	0.22
Current Portion of Leases	1.31	6.56	0.49	-	0.05	0.04
Other Current Liabilities	-	0.05	0	0.05	0.36	9.44
Total Current Liabilities	2.07	7.2	1.25	0.73	1.02	10.36
Long-Term Leases	6.62	2.79	3.15	-	0.05	-
Total Liabilities	8.69	9.99	4.4	0.73	1.07	10.36
Common Stock	-	-	-	-	0.01	0.01
Additional Paid-In Capital	245.63	244.29	242.52	239.75	236.45	232.46
Retained Earnings	-216.32	-204.67	-186.5	-87.2	-50.94	-8.01
Comprehensive Income & Other	-0.02	-	-0.01	-0.31	-0.07	-0.01
Shareholders' Equity	29.29	39.62	56.01	152.24	185.45	224.44
Total Liabilities & Equity	37.98	49.61	60.41	152.98	186.52	234.79
Total Debt	7.93	9.35	3.64	-	0.1	0.04
Net Cash (Debt)	20.26	28.74	49.91	152.02	169.17	221.21
Net Cash Growth	-40.98%	-42.42%	-67.17%	-10.14%	-23.52%	3972.39%
Net Cash Per Share	5.55	7.99	13.94	42.64	47.55	61.78
Filing Date Shares Outstanding	4.27	4.24	3.68	3.57	3.56	3.55
Total Common Shares Outstanding	4.27	4.24	3.62	3.57	3.56	3.55
Working Capital	26.36	31.01	52.58	151.53	168.47	214.08
Book Value Per Share	6.86	9.35	15.48	42.63	52.07	63.17
Tangible Book Value	29.29	39.62	56.01	152.24	185.45	224.44
Tangible Book Value Per Share	6.86	9.35	15.48	42.63	52.07	63.17
Machinery	-	0.26	0.24	0.17	0.17	0.16

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q