VirnetX Holding Corporation

NasdaqCM:VHC Stock Report

Market Cap: US$53.0m

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 percentage33.22%
CEO tenure19yrs
CEO ownership9.7%
Management average tenure10yrs
Board average tenure2.2yrs

Recent management updates

Analysis Article • Jun 07

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Key Insights VirnetX Holding to hold its Annual General Meeting on 13th of June CEO Kendall Larsen's total compensation...

Recent updates

Analysis Article • Dec 03

Here's Why We're Watching VirnetX Holding's (NASDAQ:VHC) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, VirnetX Holding...
Analysis Article • Jun 29

We're Hopeful That VirnetX Holding (NYSE:VHC) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Mar 15

Companies Like VirnetX Holding (NYSE:VHC) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Oct 18

Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Jun 07

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Key Insights VirnetX Holding to hold its Annual General Meeting on 13th of June CEO Kendall Larsen's total compensation...
Analysis Article • Feb 24

We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Aug 10

We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article • Apr 19

Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Jan 04

Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Aug 23

VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...

CEO Compensation Analysis

How has Kendall Larsen's remuneration changed compared to VirnetX Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$19m

Dec 31 2025US$3mUS$854k

-US$18m

Sep 30 2025n/an/a

-US$18m

Jun 30 2025n/an/a

-US$17m

Mar 31 2025n/an/a

-US$18m

Dec 31 2024US$2mUS$821k

-US$18m

Sep 30 2024n/an/a

-US$19m

Jun 30 2024n/an/a

-US$20m

Mar 31 2024n/an/a

-US$28m

Dec 31 2023US$2mUS$790k

-US$28m

Sep 30 2023n/an/a

-US$45m

Jun 30 2023n/an/a

-US$44m

Mar 31 2023n/an/a

-US$37m

Dec 31 2022US$2mUS$759k

-US$36m

Sep 30 2022n/an/a

-US$18m

Jun 30 2022n/an/a

-US$17m

Mar 31 2022n/an/a

-US$20m

Dec 31 2021US$2mUS$730k

-US$43m

Sep 30 2021n/an/a

-US$44m

Jun 30 2021n/an/a

-US$45m

Mar 31 2021n/an/a

-US$46m

Dec 31 2020US$3mUS$702k

US$280m

Sep 30 2020n/an/a

US$283m

Jun 30 2020n/an/a

US$282m

Mar 31 2020n/an/a

US$286m

Dec 31 2019US$1mUS$725k

-US$19m

Compensation vs Market: Kendall's total compensation ($USD2.57M) is above average for companies of similar size in the US market ($USD642.98K).

Compensation vs Earnings: Kendall's compensation has increased whilst the company is unprofitable.

CEO

Kendall Larsen (69 yo)

19yrs
Tenure
US$2,571,777
Compensation

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

NamePositionTenureCompensationOwnership
Kendall Larsen
Founder19yrsUS$2.57m9.7%
$ 5.1m
Katherine Allanson
Chief Financial Officer4.8yrsUS$1.15m0.75%
$ 396.0k
Kathleen Larsen
Co-Founderno datano data2.51%
$ 1.3m
Darl McBride
Chief Operating Officer2.4yrsno datano data
John Jamison
Chief Technical Officer1.5yrsno datano data
Greg Wood
Vice President of Corporate Communications15.2yrsno datano data
Sameer Mathur
Vice President of Corporate Development & Product Marketing18.9yrsno datano data
10.0yrs
Average Tenure
67yo
Average Age

Experienced Management: VHC's management team is seasoned and experienced (10 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kendall Larsen
Founder19yrsUS$2.57m9.7%
$ 5.1m
Thomas O'Brien
Independent Director18.9yrsUS$176.75k0.65%
$ 345.7k
Lance Lord
Member of Strategic Defense Advisory Board2.2yrsno datano data
Michael Angelo
Independent Director18.9yrsUS$166.75k0.34%
$ 179.7k
Daniel Leaf
Member of Strategic Defense Advisory Board2.2yrsno datano data
Gary Feiner
Independent Director12.4yrsUS$166.75k0.22%
$ 118.6k
Heidy Kingwan Chow
Independent Director2yrsUS$153.00k0.72%
$ 379.5k
Nina Armagno
Member of Strategic Defense Advisory Board2.2yrsno datano data
A Ballard
Member of Strategic Defense Advisory Board2.2yrsno datano data
2.2yrs
Average Tenure
63yo
Average Age

Experienced Board: VHC's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 10:10
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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.

AnalystInstitution
Robert TangoCraig-Hallum Capital Group LLC
Bryan ProhmTD Cowen
Anil DoradlaWilliam Blair & Company L.L.C.