Company / R&D Expense
VirnetX Holding Corp R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$6.0M
FY2025
5-year range
$3.8M / $9.7M
FY2021-FY2025
Trend
-37.8%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 8 years, ranging from $4M in FY2021 to $10M in FY2024.
Based on SEC 10-K filings.
$6M in FY2025 with a 5-year CAGR of +9.4%.
Declined from $6M to $6M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -11.9%
- 5-Year CAGR
- +9.4%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +9.4%, indicating consistent growth.
- In FY2025, r&d expense decreased 37.8% year-over-year.
- Peak r&d expense was recorded in FY2024.
- Lowest r&d expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score -3.53 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $6.0M | -37.8% |
| FY2024 | $9.7M | +51.6% |
| FY2023 | $6.4M | -27.5% |
| FY2022 | $8.8M | +129.6% |
| FY2021 | $3.8M | +0.0% |
| FY2020 | $3.8M | -20.1% |
| FY2019 | $4.8M | +15.9% |
| FY2018 | $4.2M | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026