Valneva SE (VALN)

Valneva SE Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	174.66	169.58	153.71	361.3	348.09
Revenue Growth (YoY)	3.00%	10.32%	-57.46%	3.80%	215.52%
Cost of Revenue	107.14	98.54	100.88	324.44	187.92
Gross Profit	67.52	71.04	52.84	36.86	160.17
Selling, General & Admin	74.68	95.11	96.55	57.58	71.25
Research & Development	85.3	74.14	59.89	104.92	173.28
Other Operating Expenses	-10.4	-111.54	-21.52	-12.2	-22.98
Total Operating Expenses	149.58	57.71	134.93	150.31	221.56
Operating Income	-82.06	13.33	-82.09	-113.44	-61.39
Interest Income	2.64	2.36	1.21	0.27	0.24
Interest Expense	-41.9	-23.98	-23.33	-19.05	-16.96
Other Non-Operating Income (Expense)	7.2	-3.19	5.57	-12.59	8.13
Total Non-Operating Income (Expense)	-32.06	-24.82	-16.54	-31.37	-8.59
Pretax Income	-114.12	-11.49	-98.63	-144.82	-69.98
Provision for Income Taxes	1.07	0.76	2.8	-1.54	3.45
Net Income	-115.19	-12.25	-101.43	-143.28	-73.43
Net Income to Common	-115.19	-12.25	-101.43	-143.28	-73.43
Shares Outstanding (Basic)	84	73	69	58	49
Shares Outstanding (Diluted)	84	73	69	58	49
Shares Change (YoY)	15.42%	5.11%	20.05%	18.29%	7.56%
EPS (Basic)	-1.36	-0.16	-1.46	-2.48	-1.50
EPS (Diluted)	-1.36	-0.16	-1.46	-2.48	-1.50
Shares Outstanding	86.71	81.2	69.46	69.18	52.56
Free Cash Flow	-57.31	-81.08	-216.98	-274.59	-15.33
Free Cash Flow Per Share	-0.68	-1.11	-3.13	-4.76	-0.31
Gross Margin	38.66%	41.89%	34.37%	10.20%	46.01%
Operating Margin	-46.98%	7.86%	-53.40%	-31.40%	-17.64%
Profit Margin	-65.95%	-7.22%	-65.99%	-39.66%	-21.09%
FCF Margin	-32.81%	-47.81%	-141.16%	-76.00%	-4.40%
EBITDA	-82.06	13.33	-82.09	-113.44	-61.39
EBIT	-82.06	13.33	-82.09	-113.44	-61.39
EBIT Margin	-46.98%	7.86%	-53.40%	-31.40%	-17.64%
Effective Tax Rate	-0.94%	-6.63%	-2.84%	1.06%	-4.92%

Updated Feb 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q