Valens Semiconductor Ltd. (VLN)

Valens Semiconductor Income Statement

Financials in millions USD. 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	70.63	57.86	84.16	90.72	70.68
Revenue Growth (YoY)	22.06%	-31.25%	-7.22%	28.34%	24.20%
Cost of Revenue	-26.54	-23.58	-31.57	-27.33	-20.11
Gross Profit	97.17	81.44	115.73	118.04	90.79
Selling, General & Admin	-35.65	-34.77	-31.34	-33.55	-30.77
Research & Development	-42.66	-40.48	-48.17	-58.21	-46.88
Other Operating Expenses	0.17	-0.38	-	-	-
Total Operating Expenses	-78.14	-75.62	-79.51	-91.76	-77.65
Operating Income	-34.06	-41.34	-26.92	-28.37	-27.07
Total Non-Operating Income (Expense)	2.62	4.83	7.35	1.14	0.93
Pretax Income	-31.43	-36.51	-19.57	-27.23	-26.14
Provision for Income Taxes	0.16	0.1	0.11	0.45	0.41
Net Income	-31.58	-36.58	-19.66	-27.67	-26.53
Minority Interest in Earnings	-0.01	-0.02	-0.02	-0.02	-0.01
Net Income to Common	-31.58	-36.58	-19.66	-27.67	-26.53
Shares Outstanding (Basic)	103	105	102	98	33
Shares Outstanding (Diluted)	103	105	102	98	33
Shares Change (YoY)	-2.21%	3.42%	4.26%	196.15%	216.14%
EPS (Basic)	-0.31	-0.35	-0.19	-0.28	-1.15
EPS (Diluted)	-0.31	-0.35	-0.19	-0.28	-1.15
Shares Outstanding	103.05	106.34	103.15	98.88	97.12
Free Cash Flow	-13.79	-0.85	-7.54	-23.2	-23.05
Free Cash Flow Per Share	-0.13	-0.01	-0.07	-0.24	-0.70
Gross Margin	137.58%	140.76%	137.51%	130.12%	128.44%
Operating Margin	-48.22%	-71.45%	-31.98%	-31.27%	-38.29%
Profit Margin	-44.73%	-63.27%	-23.38%	-30.52%	-37.55%
FCF Margin	-19.52%	-1.47%	-8.96%	-25.58%	-32.61%
EBITDA	-31.08	-38.8	-25.29	-26.99	-25.97
EBITDA Margin	-44.00%	-67.05%	-30.04%	-29.75%	-36.74%
EBIT	-34.06	-41.34	-26.92	-28.37	-27.07
EBIT Margin	-48.22%	-71.45%	-31.98%	-31.27%	-38.29%
Effective Tax Rate	-0.50%	-0.26%	-0.57%	-1.66%	-1.56%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q