Valneva (VALN) Financials

$6.60 +0.02 (+0.38%)

As of 05/5/2025 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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-2.02	-79	-83	-153	-112	-13
Consolidated Net Income / (Loss)	-1.96	-79	-83	-153	-112	-13
Net Income / (Loss) Continuing Operations	-2.02	-79	-83	-153	-112	-13
Total Pre-Tax Income	-0.98	-80	-79	-155	-109	-12
Total Operating Income	-0.91	-67	-69	-121	-91	-103
Total Gross Profit	82	68	181	39	58	51
Total Revenue	142	135	394	387	170	178
Operating Revenue	145	81	71	123	160	171
Other Revenue	-3.72	54	323	264	10	6.55
Total Cost of Revenue	59	66	213	347	112	127
Operating Cost of Revenue	59	66	213	347	112	127
Total Operating Expenses	83	136	251	161	149	154
Selling, General & Admin Expense	21	34	54	36	53	44
Marketing Expense	27	22	27	25	54	54
Research & Development Expense	43	103	196	112	66	77
Other Operating Expenses / (Income)	-7.11	-23	-26	-13	-24	-21
Total Other Income / (Expense), net	-0.07	-12	-9.72	-34	-18	91
Interest & Investment Income	1.63	0.63	0.28	0.28	1.34	94
Other Income / (Expense), net	1.77	0.05	9.20	-13	6.17	-3.31
Income Tax Expense	0.98	-1.11	3.90	-1.64	3.10	0.79
Weighted Average Basic Shares Outstanding	-	-	105.19M	138.37M	138.91M	162.52M
Weighted Average Diluted Shares Outstanding	-	-	105.19M	138.37M	138.91M	162.52M
Weighted Average Basic & Diluted Shares Outstanding	-	-	105.19M	138.37M	138.91M	162.52M

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

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

No quarterly balance sheets for Valneva are available.

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

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

According to the most recent income statement we have on file, Valneva's fiscal year ends in December. Their fiscal 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. Find out what analysts predict for Valneva in the coming months.

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 5/6/2025 by MarketBeat.com Staff

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Valneva (VALN) Financials

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Valneva (VALN) Financials

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