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VirnetX Holding Corp (VHC) — RQD Stock Rating Cockpit

$9.48 -9.37% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $9.30

VirnetX Holding Corp (VHC) carries a Roarable Rating of E (Strong Sell) with 28/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (28/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $39.8M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on VHC Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is VHC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, VirnetX Holding Corp (NASDAQ: VHC) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 28/100 at a spot price of $9.48 (-9.37% 1D, market cap $39.8M). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 3/20. Across 485 tracked Industrials issuers, VHC ranks #426 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does VHC compare to NTIP and RMCO in the Industrials sector?

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Within the Industrials sector (Multi-Sector Companies), VHC carries a Roarable E (28/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, NTIP (Network-1 Technologies Inc.) holds a D- grade (43/100 RQD, P/E N/A, ROIC -10.0%, cap $35.2M) and RMCO (Royalty Management Holding Corporation (Class A)) posts a E grade (29/100 RQD, P/E N/A, ROIC -1.7%, cap $34.9M). Among the 5-stock peer group, JYNT leads on earnings multiple (35.8x) while RMCO leads on capital efficiency (-1.7% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for VHC?

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Per VHC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001082324), VirnetX Holding Corp generated $162.0K in revenue (+3140.0% YoY), -$18.2M in net income, and -$15.7M in free cash flow against $31.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $9.30 (-1.88%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 7/20 (D-) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (28/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-10.0% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-13.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for VHC)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (28/100 Composite)

🔍 WHY VHC SCORES 28/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (29% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 3/9

▲ #2 Bullish Driver: Cash Engine Quality+7/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$10.96-9.5% Next Q

Q2 (-2Q)

Grade E$9.92+11.4% Next Q

Q3 (-1Q)

Grade E$11.05-14.2% Next Q

Current

Grade E$9.48-10% Hist 90D α

Trajectory: E (36) → E (28)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a VHC Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While VHC currently carries a cautious 28/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.20) and Max Pain ($9.95) forces dealer call-delta covering toward $27.30.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $VHC• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “VHC Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 28%NO 72%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

40.330 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCOREWEAK QUALITY (1–4)

3 / 99-Pt Accounting

52-WEEK LASER RANGE6% OF RANGE

L: $8$9.48H: $26

1. Money & Cash Health● WEAK

Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: D-RQD 7 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 6 / 40

3. Hidden Risks & Market Weather● WARNING

SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: D-RQD 15 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

3-of-3 JEV AI Jury Bearish Warning on VHC

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BEARISH (35)

-35.0% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

BEARISH (40)

Altman-Z 4.20 and Piotroski 3/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (22)

6/40 institutional & smart-money positioning score with 7/20 macro alignment.

Bull Case: Why Buyers Like VHC

✓Established market leader in Industrials with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Sensitive to high interest rates and tighter Federal Reserve market liquidity.
!Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring VHC)

✓Walkthrough of VHC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

VHC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -26.28%▼ DESCENDING CHANNEL

2026-11-03O $10.46H $10.46L $9.48C $9.48VOL 31.7K

RES: $14.29SUP: $7.86SMA50: $11.20SMA200: $13.92

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

VHC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 VHC Butterfly Map → + Track VHC →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +180.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on VHC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for VHC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for VHC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (VHC)

Industrials Rank #426 of 485 ⚔️ NTIP vs VHC Full Matrix →

1. Head-to-Head Industrials Peer Comparison (VHC vs. NTIP, RMCO, AMOD, JYNT)

Industry: Multi-Sector Companies (11 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, VirnetX Holding Corp (VHC) ranks #426 by composite RQD confidence (28/100, grade E) and #414 by equity capitalization ($39.8M). Within this direct 5-issuer industry benchmark cohort, JYNT leads on earnings valuation at 35.8x trailing P/E, while RMCO leads on capital efficiency and profitability with -1.7% ROIC and 16.3% gross margin. NTIP currently holds the highest overall quantitative score in the immediate peer group at 43/100 (D-) compared with VHC at 28/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
VHC ACTIVE VirnetX Holding Corp	E	28/100	—	—	-35.0%	-9.37%	$39.8M	Benchmark Subject
NTIP Network-1 Technologies Inc.	D-	43/100	—	72.0%	-10.0%	-3.14%	$35.2M	/ntip-vs-vhc →
RMCO Royalty Management Holding Corporation (Class A)	E	29/100	—	16.3%	-1.7%	-2.13%	$34.9M	/rmco-vs-vhc →
AMOD Alpha Modus Holdings Inc. (Class A)	E	26/100	—	96.0%	-35.0%	+9.80%	$71.5M	/amod-vs-vhc →
JYNT The Joint Corp.	D-	35/100	35.8x	—	-13.9%	-4.48%	$99.4M	/jynt-vs-vhc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001082324

In its most recent audited fiscal period (FY2025, filed 2025-12-31), VirnetX Holding Corp (VHC) reported GAAP revenue of $162.0K (+3140.0% vs. FY2024 revenue of $5.0K , and +2214.3% cumulative change since FY2023) , GAAP net income of -$18.2M, operating cash flow of -$15.6M, and free cash flow of -$15.7M (-2.0% YoY). On the balance sheet, VHC closed FY2025 with $31.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$162.0K	-$18.2M	-$15.6M	-$15.7M	$31.1M	—
FY2024 (FY)	2024-12-31	$5.0K	-$18.2M	-$15.3M	-$15.3M	$49.6M	—
FY2023 (FY)	2023-12-31	$7.0K	-$27.9M	-$24.8M	-$24.8M	—	—

3. VHC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is VHC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does VHC compare to NTIP and RMCO in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for VHC?

Where is VHC trading relative to its 50-day, 200-day, and 52-week technical levels?

VHC last traded at $9.48 (-9.37% on volume of 31,678 shares), positioning the stock -15.36% below its 50-day simple moving average ($11.20) and -31.90% below its 200-day simple moving average ($13.92). Across its 52-week range of $8.41 to $26.00, VHC sits at the 6.1% percentile with a 14-day RSI of 40.3 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($8.29 to $10.67).

VHC Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell VHC stock right now?

VirnetX Holding Corp (VHC) currently earns a Roarable Rating of E (Strong Sell — SELL) with 28/100 RQD Confidence. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.

What is VHC's 12-month price target and RQD AI Jury consensus?

VHC's 12-month base price target is $8.2 (range $6.4 to $27.3), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: VHC RQD Cockpit VHC 12M Forecast VHC Earnings & Move VHC Dividends & DRIP VHC Insiders & 13F VHC Whale Options VHC Profit Sankey VHC News & Why

ROARABLE RATING BRIEF • RQD 28/100 (E) ✓ STAGE-C NUMBER FIREWALL VERIFIED

VHC — VirnetX Holding Corp: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:47:21Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, VHC carries an RQD Score of 30 out of 100, a letter grade of E, and the verdict "Roarable Strong Sell — Forensic Risk / Avoid." Across the five pillars, the Fundamental Cash Engine scores 7 of 20 (ROIC of -35% and FCF yield of 0%), indicating the business is not currently generating returns on capital or free cash flow. Whale 13F Flow scores 5 of 20, reflecting weak institutional accumulation and options positioning. Insider Conviction scores 3 of 20 on SEC Form 4 and Congressional PTR cluster flow, the lowest pillar in the set. Macro Regime Fit scores 7 of 20, with a beta of 1.0 and sector sensitivity noted. Forensic Balance Sheet scores 8 of 20, based on an Altman Z-Score of 2.5, a Piotroski F-Score of 3 of 9, and a Debt/Equity ratio of 0.5. For a prospective investor evaluating the stock today, the rating points to no visible upside driver from cash generation or insider conviction, and a valuation case that depends on factors outside the reported cash engine. The forensic readings suggest limited margin for error if operating losses persist.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.2M	$-19.4M	$-18.2M	N/A	$-15.7M	$15.5M	N/A
FY 2024	$0.0M	$-20.4M	$-18.2M	N/A	$-15.3M	$23.3M	N/A
FY 2023	$0.0M	$-31.4M	$-27.9M	N/A	$-24.8M	N/A	N/A

Per the SEC financials and market data, operating margin and net margin are both -60%, gross margin is 0%, and ROIC is -35%. Cash declined from $23.3M in FY 2024 to $15.5M in FY 2025, while net losses remained in the same range across the two most recent periods. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 3 of 9, with a Debt/Equity ratio of 0.5. The Piotroski reading indicates weak fundamental scoring on the company's own financials.

Open Questions

What products or services generate the $0.2M of FY 2025 revenue, and who are the customers?
What drove the operating losses of $-19.4M in FY 2025 and $-20.4M in FY 2024, and what is the expected trajectory?
What are the debt obligations, given the Debt field is N/A across all periods while Debt/Equity is cited as 0.5?
What explains the 52-week range of $8.41 to $26, and what catalysts drove the price movement?
What are the EPS and P/E values, which are absent from the source data despite reported net losses?

VHC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for VirnetX Holding Corp (VHC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to VHC Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 105d ago

VirnetX Receives Facility Security Clearance for Utah Facility

ZEPHYR COVE, Nev., July 20, 2026--VirnetX Holding Corporation (Nasdaq: VHC), a global leader in secure communications and zero-trust cybersecurity solutions, today announced that on July 16, 2026, its wholly owned subsid

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 146d ago

VirnetX Announces New Infrastructure Intelligence Platform, iSCOUT

ZEPHYR COVE, Nev., June 09, 2026--VirnetX Holding Corporation (Nasdaq: VHC), a global leader in secure communications and zero-trust cybersecurity solutions, today announced iSCOUT (Intelligent Situational Command, Orche

Read Full Source ↗

🟡 MARKET WIRE https://www.siam.in/ • 10d ago

GameStop (GME) Marks Time at $25.45, Digesting Prior Move 2026-10-23 - Scalping Stock Signals

<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxNbmc4QU41dnB5N0tqRFpxMnFKUTZUX2VKQmFhZml4d18xMHhYTEUxZktxQW43Ym1neHZWNm4weERlMmgyRHFLeHhmN2VSTFdhR2RNbFQ3Rnh0N2gtTlRqMjFjd3M3WFNlWjJiQ09UZWpIbGtkTzlhSldnNE9

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

VHC Bull vs. Bear Conversation Board — What's Your Call at $9.48?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON VHC 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $9.20 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is VHC (E • RQD 30/100) a Buy at $10.46?

Welcome to the VHC (VirnetX Holding Corp) Roar Pit. Current RQD Composite is 30/100 (Roarable Strong Sell — Forensic Risk / Avoid) in Multi-Sector Companies. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

VA ValDiscipline Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $8.58 (-18.0%)

Spot @ $10.46

Pump the brakes on VHC — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on VHC, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless VirnetX Holding Corp expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

DE DeltaGamma_99 Verified K Arena Trader 🐂 BULLISH 🎯 Target: $12.13 (+16.0%)

Spot @ $10.46

VHC cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on VHC, the market is fixating on short-term headline noise in Multi-Sector Companies and ignoring the balance sheet and cash flow trajectory. At $10.46 (52-wk range $8.41 - $26.00), any beat on forward guidance forces shorts and underweight funds to chase.