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Side-by-side financial comparison of GigCapital8 Corp. (GIW) and VirnetX Holding Corp (VHC). Click either name above to swap in a different company.

GigCapital8 Corp. is a special purpose acquisition company that seeks to partner with and merge with high-potential growth firms in the technology, medical technology, and sustainable industry segments, with a core focus on North American and global cross-border market enterprises.

VirnetX is a publicly traded Internet security software and technology company based in Zephyr Cove, Nevada. Founded in 2005, its patent portfolio includes U.S. and international patents in areas such as DNS and network communication.

GIW vs VHC — Head-to-Head

Bigger by revenue
VHC
VHC
Infinity× larger
VHC
$56.0K
$0
GIW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GIW
GIW
VHC
VHC
Revenue
$0
$56.0K
Net Profit
$-87.0K
$-6.6M
Gross Margin
Operating Margin
-12151.8%
Net Margin
-11744.6%
Revenue YoY
Net Profit YoY
-5.8%
EPS (diluted)
$-1.82

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GIW
GIW
VHC
VHC
Q4 25
$56.0K
Q3 25
$0
$58.0K
Q2 25
$48.0K
Q1 25
$0
Q4 24
$0
Q3 24
$2.0K
Q2 24
$1.0K
Q1 24
$2.0K
Net Profit
GIW
GIW
VHC
VHC
Q4 25
$-6.6M
Q3 25
$-87.0K
$-4.3M
Q2 25
$-3.6M
Q1 25
$-3.7M
Q4 24
$-6.2M
Q3 24
$-3.8M
Q2 24
$-3.8M
Q1 24
$-4.3M
Operating Margin
GIW
GIW
VHC
VHC
Q4 25
-12151.8%
Q3 25
-8006.9%
Q2 25
-8216.7%
Q1 25
Q4 24
Q3 24
-219350.0%
Q2 24
-441500.0%
Q1 24
-246300.0%
Net Margin
GIW
GIW
VHC
VHC
Q4 25
-11744.6%
Q3 25
-7496.6%
Q2 25
-7543.8%
Q1 25
Q4 24
Q3 24
-191950.0%
Q2 24
-383000.0%
Q1 24
-214550.0%
EPS (diluted)
GIW
GIW
VHC
VHC
Q4 25
$-1.82
Q3 25
$-1.18
Q2 25
$-0.99
Q1 25
$-1.01
Q4 24
$-1.72
Q3 24
$-1.07
Q2 24
$-1.07
Q1 24
$-1.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GIW
GIW
VHC
VHC
Cash + ST InvestmentsLiquidity on hand
$15.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-62.0K
$22.5M
Total Assets
$3.5M
$31.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIW
GIW
VHC
VHC
Q4 25
$15.5M
Q3 25
$17.1M
Q2 25
$17.3M
Q1 25
$23.2M
Q4 24
$23.3M
Q3 24
$25.1M
Q2 24
$26.3M
Q1 24
$27.6M
Stockholders' Equity
GIW
GIW
VHC
VHC
Q4 25
$22.5M
Q3 25
$-62.0K
$29.3M
Q2 25
$33.2M
Q1 25
$36.4M
Q4 24
$39.6M
Q3 24
$45.5M
Q2 24
$48.8M
Q1 24
$52.2M
Total Assets
GIW
GIW
VHC
VHC
Q4 25
$31.1M
Q3 25
$3.5M
$38.0M
Q2 25
$41.8M
Q1 25
$45.1M
Q4 24
$49.6M
Q3 24
$55.6M
Q2 24
$58.9M
Q1 24
$62.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GIW
GIW
VHC
VHC
Operating Cash FlowLast quarter
$9
$-15.6M
Free Cash FlowOCF − Capex
$-15.7M
FCF MarginFCF / Revenue
-27966.1%
Capex IntensityCapex / Revenue
30.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIW
GIW
VHC
VHC
Q4 25
$-15.6M
Q3 25
$9
$-3.0M
Q2 25
$-2.9M
Q1 25
$-3.9M
Q4 24
$-15.3M
Q3 24
$-3.2M
Q2 24
$-3.1M
Q1 24
$-3.5M
Free Cash Flow
GIW
GIW
VHC
VHC
Q4 25
$-15.7M
Q3 25
$-3.0M
Q2 25
Q1 25
Q4 24
$-15.3M
Q3 24
Q2 24
$-3.1M
Q1 24
FCF Margin
GIW
GIW
VHC
VHC
Q4 25
-27966.1%
Q3 25
-5208.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-309100.0%
Q1 24
Capex Intensity
GIW
GIW
VHC
VHC
Q4 25
30.4%
Q3 25
29.3%
Q2 25
0.0%
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
1100.0%
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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