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VirnetX Holding financial statements

버넷엑스 홀딩스NASDAQ:VHC · Nasdaq · Software · sector #12
$12.30+4.15%
2026-10-08 close

VirnetX Holding's published financial data is dated 2026-10-04. 2024 revenue was $0M. 2024 operating profit was −$20M.

Reported results

Financial safety

Reference indicatorAs of 2024
Distress zoneFinancial-metric reference signal
Altman Z'' zoneZ'' -7.95
Distress
Grey
Safe
The marker shows the current Z'' value within the displayed zones.
Altman Z''
-7.95
Beneish M-Score
-3.19

No statistical flag

Sloan accrual
-5.74%

부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.

Factual information, not investment advice.

Earnings quality · Piotroski F-Score

2/9Weak

Piotroski measures year-over-year financial improvement, not absolute quality.

Financial improvement score2/9

Profitability

  • Positive ROANot passed
  • Positive OCFNot passed
  • Improving ΔROAPass
  • Accruals (OCF > net income)Pass

Leverage & liquidity

  • Lower debtNot passed
  • Higher current ratioNot passed
  • No new sharesNot passed

Efficiency

  • Higher gross marginNot passed
  • Higher asset turnoverNot passed

Calculation note: F7(신주)은 equity/asset 유지로 근사

Already-stable companies may score lower when year-over-year improvement is limited.

Factual information, not investment advice.

Forensic signals

Anomaly and structural signals observed in the financial statements.

Revenue qualityDanger

매출 흑자인데 영업CF 적자 (OCF/매출 -306540%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.

Balance sheetWarning

부채총계 급증 (+127%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.

Factual information, not investment advice.

Risk sensitivity — adverse assumptions

Metric changes under stated assumptions; not a forecast or investment advice.

Base metrics

Operating margin
-407,940%
Interest coverage
-9.2x
Return on equity (ROE)
-45.9%

Operating margin −5pp

Operating loss
Interest coverageBase -9.2x adverse case -9.2x
Return on equity (ROE)Base -45.9% adverse case -57.1%

Revenue −15%

Interest coverage risk
Interest coverageBase -9.2x adverse case -7.8x
Return on equity (ROE)Base -45.9% adverse case -49.4%

Interest rate +2pp

Interest coverage risk
Interest coverageBase -9.2x adverse case -8.4x
Return on equity (ROE)Base -45.9% adverse case -57.6%

Interest coverage limit

Already below the limit by 452,380pp

Interest coverage limit at an operating margin of 44,440%

Interest expense coverage threshold

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