Valneva (VALN) Financials

$6.43 +0.05 (+0.78%)

As of 05/28/2025 04:00 PM Eastern

Annual Income Statements for Valneva

This table shows Valneva's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	-13	-112	-153	-83	-79	-2.02
Consolidated Net Income / (Loss)	-13	-112	-153	-83	-79	-1.96
Net Income / (Loss) Continuing Operations	-13	-112	-153	-83	-79	-2.02
Total Pre-Tax Income	-12	-109	-155	-79	-80	-0.98
Total Operating Income	-103	-91	-121	-69	-67	-0.91
Total Gross Profit	51	58	39	181	68	82
Total Revenue	178	170	387	394	135	142
Operating Revenue	171	160	123	71	81	145
Other Revenue	6.55	10	264	323	54	-3.72
Total Cost of Revenue	127	112	347	213	66	59
Operating Cost of Revenue	127	112	347	213	66	59
Total Operating Expenses	154	149	161	251	136	83
Selling, General & Admin Expense	44	53	36	54	34	21
Marketing Expense	54	54	25	27	22	27
Research & Development Expense	77	66	112	196	103	43
Other Operating Expenses / (Income)	-21	-24	-13	-26	-23	-7.11
Total Other Income / (Expense), net	91	-18	-34	-9.72	-12	-0.07
Interest & Investment Income	94	1.34	0.28	0.28	0.63	1.63
Other Income / (Expense), net	-3.31	6.17	-13	9.20	0.05	1.77
Income Tax Expense	0.79	3.10	-1.64	3.90	-1.11	0.98
Weighted Average Basic Shares Outstanding	162.52M	138.91M	138.37M	105.19M	-	-
Weighted Average Diluted Shares Outstanding	162.52M	138.91M	138.37M	105.19M	-	-
Weighted Average Basic & Diluted Shares Outstanding	162.52M	138.91M	138.37M	105.19M	-	-

No quarterly income statements for Valneva are available.

This table details how cash moves in and out of Valneva's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	-104	-369	-452	-104	171	-14
Net Cash From Operating Activities	-86	-339	-419	1.54	168	6.20
Net Cash From Continuing Operating Activities	-86	-339	-419	1.54	60	9.67
Net Income / (Loss) Continuing Operations	-13	-112	-153	-83	-79	-1.96
Consolidated Net Income / (Loss)	-13	-112	-153	-83	-79	-1.96
Non-Cash Adjustments To Reconcile Net Income	-73	-226	-266	85	141	14
Net Cash From Investing Activities	-14	-28	-31	-104	-24	-12
Net Cash From Continuing Investing Activities	-14	-28	-31	-104	-24	-12
Purchase of Property, Plant & Equipment	-14	-16	-31	-104	-23	-12
Acquisitions	0.00	-12	0.00	0.00	-	-
Net Cash From Financing Activities	-3.87	-2.32	-1.92	-1.24	27	-5.87
Net Cash From Continuing Financing Activities	-3.87	-2.32	-1.92	-1.24	27	-8.64
Repayment of Debt	-3.87	-2.32	-1.92	-2.21	-35	-19
Cash Interest Paid	21	14	9.85	9.53	-	-
Cash Interest Received	2.44	1.34	0.28	0.06	-	-
Cash Income Taxes Paid	1.60	1.37	0.16	1.85	-	-

No quarterly cash flow statements for Valneva are available.

This table presents Valneva's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	518	509	665	925	549
Total Current Assets	310	291	454	663	377
Cash & Equivalents	174	139	310	392	250
Accounts Receivable	36	46	26	50	23
Inventories, net	56	49	38	140	33
Other Current Assets	43	56	79	80	71
Plant, Property, & Equipment, net	144	151	120	142	42
Plant, Property & Equipment, gross	144	151	120	142	42
Total Noncurrent Assets	64	68	90	118	129
Intangible Assets	26	28	31	37	43
Noncurrent Deferred & Refundable Income Taxes	9.94	7.29	6.03	4.05	6.80
Other Noncurrent Operating Assets	28	32	53	76	77
Total Liabilities & Shareholders' Equity	518	509	665	925	549
Total Liabilities	330	367	430	732	454
Total Current Liabilities	119	176	297	418	215
Accounts Payable	37	49	44	77	44
Other Current Liabilities	20	23	77	205	16
Total Noncurrent Liabilities	211	191	133	314	239
Long-Term Debt	172	147	93	57	57
Capital Lease Obligations	27	32	30	61	60
Noncurrent Deferred & Payable Income Tax Liabilities	4.31	4.02	0.74	1.46	0.50
Other Noncurrent Operating Liabilities	0.61	1.28	1.54	15	2.97
Total Equity & Noncontrolling Interests	771	752	717	540	380
Total Preferred & Common Equity	771	752	717	540	380
Preferred Stock	670	657	636	463	299
Total Common Equity	188	142	235	193	95
Common Stock	25	23	22	18	17
Other Equity Adjustments	76	72	59	59	64

No quarterly balance sheets for Valneva are available.

This table displays calculated financial ratios and metrics derived from Valneva's official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	4.67%	-56.01%	-1.89%	192.33%	-4.84%	0.00%
EBITDA Growth	-25.13%	37.22%	-123.63%	10.40%	-7,957.91%	0.00%
EBIT Growth	-25.13%	37.22%	-123.63%	10.40%	-7,957.91%	0.00%
NOPAT Growth	-12.99%	25.18%	-74.67%	-3.19%	-7,298.19%	0.00%
Net Income Growth	88.70%	26.80%	-84.45%	-5.64%	-3,919.11%	0.00%
EPS Growth	0.00%	39.13%	-76.88%	-5.63%	-3,450.00%	0.00%
Operating Cash Flow Growth	74.56%	19.16%	-27,316.22%	-99.09%	2,611.72%	0.00%
Free Cash Flow Firm Growth	51.58%	-55.23%	-70.85%	82.91%	0.00%	0.00%
Invested Capital Growth	-3.55%	27.67%	-1.37%	-0.34%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	28.74%	34.37%	10.20%	46.01%	50.78%	58.13%
EBITDA Margin	-59.51%	-49.78%	-34.88%	-15.30%	-49.93%	0.60%
Operating Margin	-57.65%	-53.40%	-31.40%	-17.64%	-49.96%	-0.64%
EBIT Margin	-59.51%	-49.78%	-34.88%	-15.30%	-49.93%	0.60%
Profit (Net Income) Margin	-7.12%	-65.99%	-39.66%	-21.09%	-58.37%	-1.38%
Tax Burden Percent	106.63%	102.84%	98.94%	104.92%	98.61%	200.46%
Interest Burden Percent	11.23%	128.90%	114.91%	131.38%	118.56%	-114.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-25.01%	-24.39%	-36.85%	-20.91%	-40.47%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-37.48%	-14.12%	-19.68%	-5.77%	2.44%	0.00%
Return on Net Nonoperating Assets (RNNOA)	23.35%	9.11%	12.46%	2.86%	-0.94%	0.00%
Return on Equity (ROE)	-1.66%	-15.28%	-24.38%	-18.06%	-41.41%	0.00%
Cash Return on Invested Capital (CROIC)	-21.40%	-48.69%	-35.46%	-20.58%	-240.47%	0.00%
Operating Return on Assets (OROA)	-20.64%	-14.42%	-16.96%	-8.18%	-12.26%	0.00%
Return on Assets (ROA)	-2.47%	-19.12%	-19.28%	-11.28%	-14.34%	0.00%
Return on Common Equity (ROCE)	-0.36%	-3.92%	-8.30%	-5.64%	-10.31%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-1.64%	-14.92%	-21.38%	-15.38%	-20.71%	0.00%
Net Operating Profit after Tax (NOPAT)	-72	-64	-85	-49	-47	-0.64
NOPAT Margin	-40.36%	-37.38%	-21.98%	-12.35%	-34.97%	-0.45%
Net Nonoperating Expense Percent (NNEP)	12.46%	-10.26%	-17.16%	-15.14%	-42.91%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-7.40%	-6.83%	-10.11%	-	-	-
Cost of Revenue to Revenue	71.26%	65.63%	89.80%	53.99%	49.22%	41.82%
SG&A Expenses to Revenue	24.86%	31.10%	9.43%	13.68%	24.96%	14.58%
R&D to Revenue	43.12%	38.96%	29.04%	49.78%	76.55%	30.13%
Operating Expenses to Revenue	86.39%	87.78%	41.60%	63.65%	100.74%	58.82%
Earnings before Interest and Taxes (EBIT)	-106	-85	-135	-60	-67	0.86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-106	-85	-135	-60	-67	0.86
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	3.24	10.15	7.49	30.24	0.65	0.00
Price to Tangible Book Value (P/TBV)	3.76	12.68	8.61	37.42	1.19	0.00
Price to Revenue (P/Rev)	3.41	8.47	4.55	14.82	0.45	0.43
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.62	7.31	9.65	25.97	1.00	0.00
Enterprise Value to Revenue (EV/Rev)	7.32	12.57	5.72	15.30	1.73	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	3,916.26	1.39	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.26	0.24	0.17	0.22	0.33	0.00
Long-Term Debt to Equity	0.26	0.24	0.17	0.22	0.31	0.00
Financial Leverage	-0.62	-0.65	-0.63	-0.49	-0.39	0.00
Leverage Ratio	0.67	0.80	1.26	1.60	1.44	0.00
Compound Leverage Factor	0.08	1.03	1.45	2.10	1.71	0.00
Debt to Total Capital	20.57%	19.23%	14.69%	17.94%	24.84%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.69%	0.00%
Long-Term Debt to Total Capital	20.57%	19.23%	14.69%	17.94%	23.15%	0.00%
Preferred Equity to Total Capital	69.03%	70.56%	75.63%	70.32%	59.21%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	19.32%	15.24%	27.98%	29.31%	18.71%	0.00%
Debt to EBITDA	-1.89	-2.12	-0.92	-1.96	-1.87	0.00
Net Debt to EBITDA	-0.24	-0.47	1.38	4.55	1.88	0.00
Long-Term Debt to EBITDA	-1.89	-2.12	-0.92	-1.96	-1.74	0.00
Debt to NOPAT	-2.78	-2.82	-1.45	-2.43	-2.66	0.00
Net Debt to NOPAT	-0.36	-0.62	2.19	5.64	2.69	0.00
Long-Term Debt to NOPAT	-2.78	-2.82	-1.45	-2.43	-2.48	0.00
Altman Z-Score	1.22	2.41	2.65	5.32	0.28	0.00
Noncontrolling Interest Sharing Ratio	78.37%	74.34%	65.94%	68.75%	75.10%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.61	1.65	1.53	1.59	1.75	0.00
Quick Ratio	1.78	1.06	1.13	1.06	1.27	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	-127	-82	-48	-280	0.00
Operating Cash Flow to CapEx	-600.21%	-2,151.26%	-1,338.96%	1.47%	728.31%	50.80%
Free Cash Flow to Firm to Interest Expense	0.00	-4.92	-4.01	-2.49	-21.35	0.00
Operating Cash Flow to Interest Expense	0.00	-13.13	-20.55	0.08	12.83	1.79
Operating Cash Flow Less CapEx to Interest Expense	0.00	-13.74	-22.09	-5.36	11.07	-1.74
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.35	0.29	0.49	0.53	0.25	0.00
Accounts Receivable Turnover	4.31	4.75	10.25	10.75	5.74	0.00
Inventory Turnover	2.42	2.57	3.90	2.45	2.02	0.00
Fixed Asset Turnover	1.21	1.26	2.95	4.27	3.17	0.00
Accounts Payable Turnover	2.96	2.39	5.71	3.51	1.50	0.00
Days Sales Outstanding (DSO)	84.61	76.90	35.60	33.96	63.63	0.00
Days Inventory Outstanding (DIO)	150.72	141.87	93.60	148.75	181.03	0.00
Days Payable Outstanding (DPO)	123.43	152.75	63.88	104.11	243.41	0.00
Cash Conversion Cycle (CCC)	111.89	66.02	65.32	78.60	1.26	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	282	292	229	232	233	0.00
Invested Capital Turnover	0.62	0.65	1.68	1.69	1.16	0.00
Increase / (Decrease) in Invested Capital	-10	63	-3.19	-0.78	233	0.00
Enterprise Value (EV)	1,303	2,137	2,209	6,028	234	0.00
Market Capitalization	607	1,440	1,760	5,839	61	61
Book Value per Share	$1.35	$1.02	$2.24	$1.84	$40.79	$0.00
Tangible Book Value per Share	$1.16	$0.82	$1.94	$1.48	$22.13	$0.00
Total Capital	971	931	840	659	505	0.00
Total Debt	200	179	123	118	126	0.00
Total Long-Term Debt	200	179	123	118	117	0.00
Net Debt	26	40	-186	-274	-127	0.00
Capital Expenditures (CapEx)	14	16	31	104	23	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	17	-24	-152	-147	-79	0.00
Debt-free Net Working Capital (DFNWC)	191	115	158	245	170	0.00
Net Working Capital (NWC)	191	115	158	245	162	0.00
Net Nonoperating Expense (NNE)	-59	49	68	34	32	1.32
Net Nonoperating Obligations (NNO)	-489	-460	-488	-308	-147	0.00
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	9.40%	-14.39%	-39.35%	-37.30%	-58.82%	0.00%
Debt-free Net Working Capital to Revenue	107.27%	67.63%	40.76%	62.30%	126.49%	0.00%
Net Working Capital to Revenue	107.27%	67.63%	40.76%	62.30%	120.16%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.73)	($1.24)	($0.75)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	162.52M	138.91M	138.37M	105.19M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.00	($0.73)	($1.24)	($0.75)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	162.52M	138.91M	138.37M	105.19M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	162.52M	138.91M	138.37M	105.19M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-72	-64	-85	-49	-47	-0.64
Normalized NOPAT Margin	-40.36%	-37.38%	-21.98%	-12.35%	-34.97%	-0.45%
Pre Tax Income Margin	-6.68%	-64.16%	-40.08%	-20.10%	-59.19%	-0.69%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-3.28	-6.61	-3.14	-5.13	0.25
NOPAT to Interest Expense	0.00	-2.46	-4.17	-2.53	-3.59	-0.18
EBIT Less CapEx to Interest Expense	0.00	-3.89	-8.15	-8.58	-6.89	-3.28
NOPAT Less CapEx to Interest Expense	0.00	-3.07	-5.70	-7.97	-5.35	-3.72
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Valneva are available.

Frequently Asked Questions About Valneva's Financials

When does Valneva's fiscal year end?

According to the most recent income statement we have on file, Valneva's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Valneva's net income changed over the last 5 years?

Valneva's net income appears to be on an upward trend, with a most recent value of -$12.68 million in 2024, rising from -$1.96 million in 2019. The previous period was -$112.20 million in 2023. See Valneva's forecast for analyst expectations on what’s next for the company.

What is Valneva's operating income?

Valneva's total operating income in 2024 was -$102.60 million, based on the following breakdown:

Total Gross Profit: $51.15 million
Total Operating Expenses: $153.76 million

How has Valneva revenue changed over the last 5 years?

Over the last 5 years, Valneva's total revenue changed from $141.62 million in 2019 to $177.98 million in 2024, a change of 25.7%.

How much debt does Valneva have?

Valneva's total liabilities were at $329.97 million at the end of 2024, a 10.1% decrease from 2023, and a 27.3% decrease since 2020.

How much cash does Valneva have?

In the past 4 years, Valneva's cash and equivalents has ranged from $139.47 million in 2023 to $392.38 million in 2021, and is currently $174.18 million as of their latest financial filing in 2024.

How has Valneva's book value per share changed over the last 5 years?

Over the last 5 years, Valneva's book value per share changed from 0.00 in 2019 to 1.35 in 2024, a change of 135.1%.

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This page (NASDAQ:VALN) was last updated on 5/29/2025 by MarketBeat.com Staff

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Valneva (VALN) Financials

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Valneva (VALN) Financials

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