VirnetX Holding Management
Management criteria checks 1/4
We currently do not have sufficient information about the CEO.
Key information
Kendall Larsen
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 33.22% |
| CEO tenure | 19yrs |
| CEO ownership | 9.7% |
| Management average tenure | 10yrs |
| Board average tenure | 2.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$19m |
| Dec 31 2025 | US$3m | US$854k | -US$18m |
| Sep 30 2025 | n/a | n/a | -US$18m |
| Jun 30 2025 | n/a | n/a | -US$17m |
| Mar 31 2025 | n/a | n/a | -US$18m |
| Dec 31 2024 | US$2m | US$821k | -US$18m |
| Sep 30 2024 | n/a | n/a | -US$19m |
| Jun 30 2024 | n/a | n/a | -US$20m |
| Mar 31 2024 | n/a | n/a | -US$28m |
| Dec 31 2023 | US$2m | US$790k | -US$28m |
| Sep 30 2023 | n/a | n/a | -US$45m |
| Jun 30 2023 | n/a | n/a | -US$44m |
| Mar 31 2023 | n/a | n/a | -US$37m |
| Dec 31 2022 | US$2m | US$759k | -US$36m |
| Sep 30 2022 | n/a | n/a | -US$18m |
| Jun 30 2022 | n/a | n/a | -US$17m |
| Mar 31 2022 | n/a | n/a | -US$20m |
| Dec 31 2021 | US$2m | US$730k | -US$43m |
| Sep 30 2021 | n/a | n/a | -US$44m |
| Jun 30 2021 | n/a | n/a | -US$45m |
| Mar 31 2021 | n/a | n/a | -US$46m |
| Dec 31 2020 | US$3m | US$702k | US$280m |
| Sep 30 2020 | n/a | n/a | US$283m |
| Jun 30 2020 | n/a | n/a | US$282m |
| Mar 31 2020 | n/a | n/a | US$286m |
| Dec 31 2019 | US$1m | US$725k | -US$19m |
Compensation vs Market: Kendall's total compensation ($USD2.57M) is above average for companies of similar size in the German market ($USD429.01K).
Compensation vs Earnings: Kendall's compensation has increased whilst the company is unprofitable.
CEO
Kendall Larsen (69 yo)
Mr. Kendall Larsen has been the Founder & Chief Executive Officer of VirnetX Holding Corp since June 10, 2007 and serves as its President since July 5, 2007 respectively and VirnetX Inc. since August 2005....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19yrs | US$2.57m | 9.7% € 4.1m | |
| Chief Financial Officer | 4.8yrs | US$1.15m | 0.75% € 319.5k | |
| Co-Founder | no data | no data | 2.51% € 1.1m | |
| Chief Operating Officer | 2.4yrs | no data | no data | |
| Chief Technical Officer | 1.5yrs | no data | no data | |
| Vice President of Corporate Communications | 15.2yrs | no data | no data | |
| Vice President of Corporate Development & Product Marketing | 18.9yrs | no data | no data |
Experienced Management: VN20's management team is seasoned and experienced (10 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19yrs | US$2.57m | 9.7% € 4.1m | |
| Independent Director | 18.9yrs | US$176.75k | 0.65% € 278.9k | |
| Member of Strategic Defense Advisory Board | 2.2yrs | no data | no data | |
| Independent Director | 18.9yrs | US$166.75k | 0.52% € 221.6k | |
| Member of Strategic Defense Advisory Board | 2.2yrs | no data | no data | |
| Independent Director | 12.4yrs | US$166.75k | 0.40% € 172.2k | |
| Independent Director | 2yrs | US$153.00k | 0.90% € 382.7k | |
| Member of Strategic Defense Advisory Board | 2.2yrs | no data | no data | |
| Member of Strategic Defense Advisory Board | 2.2yrs | no data | no data |
Experienced Board: VN20's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 23:39 |
| End of Day Share Price | 2026/06/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
VirnetX Holding Corporation is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Tango | Craig-Hallum Capital Group LLC |
| Bryan Prohm | TD Cowen |
| Anil Doradla | William Blair & Company L.L.C. |