Company Analysis

VolitionRx Limited (VNRX)

NYSE: VNRX · In Vitro & In Vivo Diagnostic Substances · Henderson, NV · filing with the SEC since 1999
Grade4.3
◀ Past 3.8● Present 4.7▶ Future 4.3
1 est.

The grade of VolitionRx Limited

Nine metrics read from its own filings, by tense
Headline grade
4.3/10
◀ Past3.825% of the headline
● Present4.735% of the headline
▶ Future4.340% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.8/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.1/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2026-04-23.

weight 22% of this tense · 31st percentile among 18 sector filers · read for itself

From the record

VolitionRx Limited's filings since 2017 show 2 warning events: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2026-04-23) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.5/10

What has it actually done, year after year?

10 filed years; profitable in 0 of 10.

weight 45% of this tense · 35th percentile among 17 sector filers · read for its customers

From the record

VolitionRx Limited's 10 filed years say what it did: it rose in 6 of 8 years; the deepest fall was 76% from fiscal 2012 to fiscal 2020; net income was positive in 0 of 10 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 41% of its family
  • the share of filed years with a profitbottom 26% of its family
  • the deepest fall from a revenue peak75.6%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.7/10

How has it treated the people who own it?

SI estimate 4.7/10, confidence 35 of 100 (one part).

weight 33% of this tense · 47th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 47% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VolitionRx Limited's shareholder treatment is put at 4.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 47% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.7/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
2.2/10

Is it financially healthy right now?

Leverage 596%: owes 596¢ per asset dollar.

weight 45% of this tense · 22nd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, VolitionRx Limited's shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 596 cents per dollar of assets, and net share issuance: its share count grew 23.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 3% of its family
  • the share count against the year beforebottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 17 in its family; net margin -1352.2%.

weight 22% of this tense · 46th percentile among 17 sector filers · read for its customers

From the record

VolitionRx Limited's standing among 17 graded names in its industry family: revenue of $2 million in fiscal 2025 ranks in the bottom 26% by size; a net margin of -1352.2% ranks in the bottom 21%; revenue growth of 78% a year over the last 3 filed years ranks in the top 9% (its annual reports).

What it rests on

  • revenue against the family$1.7Mbottom 26% of its family
  • net margin-1352.2%bottom 21% of its family
  • three-year revenue growth78.0%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.2/10

What are the people in charge doing?

top 18% of 15 in its family for leadership; chief executive since 2013.

weight 33% of this tense · 82nd percentile among 15 sector filers · read for its shareholders

From the record

VolitionRx Limited's leadership, from its insiders' filings and its current reports: the chief executive on the record is Reynolds, Cameron John (President and CEO, as filed), filing under that title since 2013-08-27, 13.2 years (top 12% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 5.9 years (top 25%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 18 peopletop 17% of its family
  • the median years the people in charge have filed5.9 yearstop 25% of its family
  • the chief executive's years on the record13.2 yearstop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.4/10

How much room does it have to grow?

bottom 34% of 16 in its family for room to expand.

weight 33% of this tense · 34th percentile among 16 sector filers · read for itself

From the record

VolitionRx Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $1 million against debt of $7 million leaves -81% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is -1144.7% of revenue (bottom 22%); research spending of 583.6% of revenue (top 22%) (its annual report).

What it rests on

  • cash less debt against assets-81.0%bottom 3% of its family
  • cash from operations less capital spending against revenue-1144.7%bottom 22% of its family
  • research spending against revenue583.6%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.3/10

What could actually drive growth from here?

bottom 43% of 17 in its family for growth drivers.

weight 45% of this tense · 43rd percentile among 17 sector filers · read for its customers

From the record

VolitionRx Limited's growth drivers, from the filed years to fiscal 2025: the newest year grew 40.1% (top 9%); research spending grew -13% a year (bottom 26%); capital spending grew -61.5% a year (bottom 10%) (its annual reports). VolitionRx Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth40.1%top 9% of its family
  • three-year growth of research spending-13.0%bottom 26% of its family
  • three-year growth of capital spending-61.5%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.6/10

Did its newest year beat what its own record pointed to?

top 44% of 16 in its family for expectations against reality.

weight 22% of this tense · 56th percentile among 16 sector filers · read for its shareholders

From the record

VolitionRx Limited's newest year against its own record: revenue of $2 million in fiscal 2025 came in 30.2% below the $2 million its prior three years' pace pointed to (bottom 17% of its family); net income of $23 million against a prior three-year average of $31 million (top 41%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-30.2%bottom 17% of its family
  • net income against the prior three years' average+25%top 41% of its family
  • net margin against its prior averageup more than 100 pointstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VNRX · research, not advice