Valens Semiconductor Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	70.66	70.63	57.86	84.16	90.72	70.68
Revenue Growth (YoY)	11.92%	22.06%	-31.25%	-7.22%	28.34%	24.20%
Cost of Revenue	26.67	26.54	23.58	31.57	27.33	20.11
Gross Profit	43.99	44.09	34.28	52.59	63.39	50.58
Selling, General & Admin	35.79	35.65	34.77	31.34	33.55	30.77
Research & Development	42.36	42.66	40.48	48.17	58.21	46.88
Other Operating Expenses	-0.63	-0.17	0.38	-	-	-
Total Operating Expenses	77.53	78.14	75.62	79.51	91.76	77.65
Operating Income	-33.54	-34.06	-41.34	-26.92	-28.37	-27.07
Total Non-Operating Income (Expense)	2.06	2.62	4.83	7.35	1.14	0.93
Pretax Income	-31.48	-31.43	-36.51	-19.57	-27.23	-26.14
Provision for Income Taxes	0.09	0.16	0.1	0.11	0.45	0.41
Net Income	-31.57	-31.58	-36.58	-19.66	-27.67	-26.53
Minority Interest in Earnings	-0.01	-0.01	-0.02	-0.02	-0.02	-0.01
Net Income to Common	-31.57	-31.58	-36.58	-19.66	-27.67	-26.53
Shares Outstanding (Basic)	103	103	105	102	98	33
Shares Outstanding (Diluted)	103	103	105	102	98	33
Shares Change (YoY)	-2.54%	-2.21%	3.42%	4.26%	196.15%	216.14%
EPS (Basic)	-0.31	-0.31	-0.35	-0.19	-0.28	-1.15
EPS (Diluted)	-0.31	-0.31	-0.35	-0.19	-0.28	-1.15
Shares Outstanding	105.72	103.05	106.34	103.15	98.88	97.12
Free Cash Flow	-11.39	-13.79	-0.85	-7.54	-23.2	-23.05
Free Cash Flow Per Share	-0.11	-0.13	-0.01	-0.07	-0.24	-0.70
Gross Margin	62.26%	62.42%	59.24%	62.49%	69.88%	71.56%
Operating Margin	-47.47%	-48.22%	-71.45%	-31.98%	-31.27%	-38.29%
Profit Margin	-44.69%	-44.73%	-63.27%	-23.38%	-30.52%	-37.55%
FCF Margin	-16.12%	-19.52%	-1.47%	-8.96%	-25.58%	-32.61%
EBITDA	-30.71	-31.08	-38.8	-25.29	-26.99	-25.97
EBITDA Margin	-43.46%	-44.00%	-67.05%	-30.04%	-29.75%	-36.74%
EBIT	-33.54	-34.06	-41.34	-26.92	-28.37	-27.07
EBIT Margin	-47.47%	-48.22%	-71.45%	-31.98%	-31.27%	-38.29%
Effective Tax Rate	-0.29%	-0.50%	-0.26%	-0.57%	-1.66%	-1.56%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q