Valens Semiconductor Ltd. (VLN)

Valens Semiconductor Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	67.89	57.86	84.16	90.72	70.68	56.91
Revenue Growth (YoY)	7.53%	-31.25%	-7.22%	28.34%	24.20%	-5.21%
Cost of Revenue	25.48	23.58	31.57	27.33	20.11	13.43
Gross Profit	42.41	34.28	52.59	63.39	50.58	43.48
Selling, General & Admin	33.49	34.37	31.34	33.55	25.27	21.54
Research & Development	41.65	40.48	48.17	58.21	46.88	44.73
Operating Expenses	75.14	74.84	79.51	91.76	72.15	66.27
Operating Income	-32.73	-40.57	-26.92	-28.37	-21.57	-22.79
Interest Expense	-	-	-	-	-0.03	-0.03
Interest & Investment Income	4.77	6.12	6.67	2.3	0.31	0.85
Earnings From Equity Investments	0.01	0.02	0.02	0.02	0.01	0.02
Currency Exchange Gain (Loss)	-0.06	-0.66	-1.08	-4.38	1.3	2.59
Other Non Operating Income (Expenses)	-1.39	-0.63	1.76	3.22	-0.65	-0.11
EBT Excluding Unusual Items	-29.39	-35.71	-19.55	-27.22	-20.63	-19.47
Merger & Restructuring Charges	-0.4	-0.4	-	-	-5.5	-
Other Unusual Items	-0.17	-0.38	-	-	-	-
Pretax Income	-29.96	-36.49	-19.55	-27.22	-26.13	-19.47
Income Tax Expense	0.17	0.1	0.11	0.45	0.41	0.16
Net Income	-30.13	-36.58	-19.66	-27.67	-26.53	-19.64
Preferred Dividends & Other Adjustments	-	-	-	-	11.33	14.33
Net Income to Common	-30.13	-36.58	-19.66	-27.67	-37.86	-33.97
Shares Outstanding (Basic)	104	105	102	98	33	10
Shares Outstanding (Diluted)	104	105	102	98	33	10
Shares Change (YoY)	-0.31%	3.42%	4.26%	196.15%	216.14%	9.72%
EPS (Basic)	-0.29	-0.35	-0.19	-0.28	-1.15	-3.25
EPS (Diluted)	-0.29	-0.35	-0.19	-0.28	-1.15	-3.25
Free Cash Flow	-14.45	-0.85	-7.54	-23.2	-23.05	-20.47
Free Cash Flow Per Share	-0.14	-0.01	-0.07	-0.24	-0.70	-1.96
Gross Margin	62.47%	59.24%	62.49%	69.88%	71.56%	76.40%
Operating Margin	-48.21%	-70.11%	-31.98%	-31.27%	-30.52%	-40.04%
Profit Margin	-44.38%	-63.23%	-23.36%	-30.50%	-53.57%	-59.68%
Free Cash Flow Margin	-21.29%	-1.47%	-8.96%	-25.58%	-32.61%	-35.96%
EBITDA	-29.67	-38.02	-25.29	-26.99	-20.47	-21.7
EBITDA Margin	-43.70%	-65.71%	-30.04%	-29.75%	-28.96%	-38.12%
D&A For EBITDA	3.06	2.55	1.63	1.38	1.1	1.09
EBIT	-32.73	-40.57	-26.92	-28.37	-21.57	-22.79
EBIT Margin	-48.21%	-70.11%	-31.98%	-31.27%	-30.52%	-40.04%

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q