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Valens Semiconductor (VLN) Financials

Valens Semiconductor logo
$2.11 +0.07 (+3.24%)
Closing price 07/9/2026 03:59 PM Eastern
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$2.08 -0.02 (-1.19%)
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Annual Income Statements for Valens Semiconductor

Annual Income Statements for Valens Semiconductor

This table shows Valens Semiconductor'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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-26 -20 -27 -28 -20 -37 -32
Consolidated Net Income / (Loss)
-26 -23 -27 -28 -20 -37 -32
Net Income / (Loss) Continuing Operations
-26 -23 -27 -28 -20 -37 -32
Total Pre-Tax Income
-26 -19 -26 -27 -20 -37 -31
Total Operating Income
-28 -23 -27 -28 -27 -41 -34
Total Gross Profit
47 43 51 63 53 34 44
Total Revenue
60 57 71 91 84 58 71
Operating Revenue
60 57 71 91 84 58 71
Total Cost of Revenue
13 13 20 27 32 24 27
Operating Cost of Revenue
13 13 20 27 32 24 27
Total Operating Expenses
75 66 78 92 80 75 78
Selling, General & Admin Expense
5.12 7.88 17 17 14 16 14
Marketing Expense
18 14 14 17 17 18 21
Research & Development Expense
53 45 47 58 48 40 43
Total Other Income / (Expense), net
2.44 0.02 1.11 1.15 7.37 4.82 2.63
Interest & Investment Income
- 0.02 0.01 0.02 0.02 0.02 0.01
Other Income / (Expense), net
2.44 - 1.10 1.14 7.35 4.80 2.62
Income Tax Expense
0.41 0.16 0.41 0.45 0.11 0.10 0.16
Basic Earnings per Share
($4.13) ($3.25) ($1.15) ($0.28) ($0.19) ($0.35) ($0.31)
Weighted Average Basic Shares Outstanding
9.52M 10.45M 33.03M 97.82M 101.99M 105.48M 103.14M
Diluted Earnings per Share
($4.13) - - ($0.28) ($0.19) ($0.35) ($0.31)
Weighted Average Diluted Shares Outstanding
9.52M 10.45M 33.03M 98.88M 104.16M 106.34M 103.05M
Weighted Average Basic & Diluted Shares Outstanding
9.52M 10.45M 33.03M 98.88M 104.16M 106.34M 103.05M

Quarterly Income Statements for Valens Semiconductor

No quarterly income statements for Valens Semiconductor are available.


Annual Cash Flow Statements for Valens Semiconductor

This table details how cash moves in and out of Valens Semiconductor'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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-10 11 30 -33 -2.76 18 -7.78
Net Cash From Operating Activities
-22 -20 -22 -22 -6.36 1.02 -13
Net Cash From Continuing Operating Activities
-22 -18 -22 -22 -6.36 1.02 -13
Net Income / (Loss) Continuing Operations
-26 -20 -27 -28 -20 -37 -32
Consolidated Net Income / (Loss)
-26 -20 -27 -28 -20 -37 -32
Depreciation Expense
1.04 1.09 1.10 1.38 1.63 2.55 2.98
Non-Cash Adjustments To Reconcile Net Income
2.63 4.79 9.65 12 15 18 19
Changes in Operating Assets and Liabilities, net
0.65 -4.22 -5.83 -8.19 -3.62 17 -3.31
Net Cash From Investing Activities
11 28 -84 -12 1.35 18 28
Net Cash From Continuing Investing Activities
11 28 -84 -12 1.35 18 28
Purchase of Property, Plant & Equipment
-1.43 -0.86 -1.44 -1.11 -1.19 -1.87 -1.07
Acquisitions
- - - 0.00 0.00 -7.80 0.00
Purchase of Investments
-90 -87 -122 -215 -206 -143 -106
Divestitures
- - - 0.00 0.00 -0.00 -1.32
Sale and/or Maturity of Investments
102 116 39 204 209 170 136
Net Cash From Financing Activities
0.13 0.41 135 0.82 1.50 -0.16 -23
Net Cash From Continuing Financing Activities
0.13 0.41 135 0.82 1.50 -0.16 -23
Repurchase of Common Equity
- - - 0.00 0.00 -1.02 -24
Other Financing Activities, net
0.13 0.41 1.25 0.82 1.50 0.86 0.90

Quarterly Cash Flow Statements for Valens Semiconductor

No quarterly cash flow statements for Valens Semiconductor are available.


Annual Balance Sheets for Valens Semiconductor

This table presents Valens Semiconductor'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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
79 203 196 181 172 135
Total Current Assets
76 199 189 175 154 119
Cash & Equivalents
26 57 20 17 35 28
Restricted Cash
- - - 0.00 1.14 1.13
Short-Term Investments
- - - 125 96 65
Accounts Receivable
8.68 7.10 12 15 7.75 9.97
Inventories, net
3.16 9.32 24 14 10 10
Prepaid Expenses
2.34 8.26 4.79 4.20 3.90 4.84
Plant, Property, & Equipment, net
2.35 2.74 2.79 2.95 3.56 2.90
Total Noncurrent Assets
0.44 0.83 4.36 2.91 15 13
Goodwill
- - - 0.00 1.85 1.85
Intangible Assets
- - - 0.00 4.70 3.76
Other Noncurrent Operating Assets
0.44 0.83 4.36 2.91 8.15 7.53
Total Liabilities & Shareholders' Equity
79 203 196 181 172 135
Total Liabilities
12 20 28 16 29 30
Total Current Liabilities
11 16 25 16 20 23
Accounts Payable
1.79 4.49 11 4.95 6.00 4.70
Accrued Expenses
- 4.58 6.21 4.26 4.96 7.30
Other Current Liabilities
5.43 6.62 7.93 6.72 9.36 11
Total Noncurrent Liabilities
0.61 4.70 3.43 0.29 9.14 6.78
Long-Term Debt
- 0.05 0.05 0.10 0.08 0.07
Other Noncurrent Operating Liabilities
0.61 4.66 3.38 0.19 9.06 6.72
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
150 - - 0.04 0.00 0.00
Total Equity & Noncontrolling Interests
-82 182 167 164 143 105
Total Preferred & Common Equity
-82 182 167 164 143 105
Total Common Equity
-82 182 167 164 143 105
Common Stock
21 312 325 342 358 360
Retained Earnings
-103 -130 -158 -177 -214 -246
Treasury Stock
- - - 0.00 -1.61 -10
Accumulated Other Comprehensive Income / (Loss)
- - - 0.00 0.60 0.43

Quarterly Balance Sheets for Valens Semiconductor

No quarterly balance sheets for Valens Semiconductor are available.


Annual Metrics And Ratios for Valens Semiconductor

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 116,288,655.00 98,876,266.00 104,160,646.00 - 103,050,266.00
DEI Adjusted Shares Outstanding
0.00 0.00 116,288,655.00 98,876,266.00 104,160,646.00 - 103,050,266.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 -0.23 -0.28 -0.19 - -0.31
Growth Metrics
- - - - - - -
Revenue Growth
0.00% -5.21% 24.20% 28.34% -7.22% -31.25% 22.06%
EBITDA Growth
0.00% 11.46% -14.61% -3.98% 30.63% -91.47% 16.31%
EBIT Growth
0.00% 10.78% -13.94% -4.88% 28.15% -88.52% 13.99%
NOPAT Growth
0.00% 18.57% -18.77% -4.81% 5.12% -53.59% 17.63%
Net Income Growth
0.00% 11.56% -15.69% -4.27% 28.94% -86.07% 13.67%
EPS Growth
0.00% 0.00% 0.00% 0.00% 32.14% -84.21% 11.43%
Operating Cash Flow Growth
0.00% 9.30% -10.22% -2.25% 71.22% 116.02% -1,348.09%
Free Cash Flow Firm Growth
0.00% 0.00% -81.20% 59.47% 353.63% -116.19% -42.38%
Invested Capital Growth
0.00% 0.00% 205.44% 17.55% -84.80% -52.38% 6.06%
Revenue Q/Q Growth
0.00% 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% 0.00%
EBIT Q/Q Growth
0.00% 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% 0.00%
Net Income Q/Q Growth
0.00% 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% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 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% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - - -
Gross Margin
79.04% 76.40% 71.56% 69.88% 62.49% 59.24% 62.42%
EBITDA Margin
-40.81% -38.12% -35.18% -28.50% -21.31% -59.35% -40.29%
Operating Margin
-46.61% -40.04% -38.29% -31.27% -31.98% -71.45% -48.22%
EBIT Margin
-42.54% -40.04% -36.73% -30.02% -23.25% -63.75% -44.51%
Profit (Net Income) Margin
-43.19% -40.30% -37.54% -30.50% -23.36% -63.23% -44.72%
Tax Burden Percent
101.54% 117.69% 101.52% 101.60% 100.48% 100.20% 100.47%
Interest Burden Percent
100.00% 85.52% 100.67% 100.00% 100.00% 98.98% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% -77.68% -22.75% -14.55% -22.18% -174.90% -216.74%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -24.60% -4.48% 5.81% -21.17% -169.32% -209.88%
Return on Net Nonoperating Assets (RNNOA)
0.00% 9.61% 1.49% -1.27% 10.33% 151.07% 191.24%
Return on Equity (ROE)
0.00% -68.07% -21.26% -15.83% -11.85% -23.83% -25.50%
Cash Return on Invested Capital (CROIC)
0.00% -277.68% -124.10% -30.69% 125.04% -103.94% -222.63%
Operating Return on Assets (OROA)
0.00% -28.79% -18.43% -13.68% -10.40% -20.92% -20.49%
Return on Assets (ROA)
0.00% -28.97% -18.83% -13.89% -10.45% -20.74% -20.59%
Return on Common Equity (ROCE)
0.00% 83.05% -8.52% -15.83% -11.85% -23.83% -25.50%
Return on Equity Simple (ROE_SIMPLE)
0.00% 27.89% 0.00% 0.00% 0.00% -25.64% 0.00%
Net Operating Profit after Tax (NOPAT)
-20 -16 -19 -20 -19 -29 -24
NOPAT Margin
-32.63% -28.03% -26.80% -21.89% -22.39% -50.02% -33.75%
Net Nonoperating Expense Percent (NNEP)
0.00% -53.07% -18.27% -20.36% -1.01% -5.58% -6.86%
Return On Investment Capital (ROIC_SIMPLE)
- - -10.40% -11.86% -11.46% -20.27% -22.69%
Cost of Revenue to Revenue
20.96% 23.60% 28.44% 30.12% 37.51% 40.76% 37.58%
SG&A Expenses to Revenue
8.53% 13.85% 23.42% 18.29% 16.66% 28.46% 20.20%
R&D to Revenue
87.78% 78.59% 66.32% 64.16% 57.24% 69.95% 60.40%
Operating Expenses to Revenue
125.65% 116.44% 109.85% 101.15% 94.47% 130.04% 110.88%
Earnings before Interest and Taxes (EBIT)
-26 -23 -26 -27 -20 -37 -31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-25 -22 -25 -26 -18 -34 -28
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
0.00 0.00 1.40 3.15 1.47 1.80 1.44
Price to Tangible Book Value (P/TBV)
0.00 0.00 1.40 3.15 1.47 1.89 1.52
Price to Revenue (P/Rev)
0.00 0.00 3.60 5.81 2.88 4.44 2.14
Price to Earnings (P/E)
0.00 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% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 1.58 3.44 4.48 11.72 5.06
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 2.80 5.59 1.19 2.16 0.81
Enterprise Value to EBITDA (EV/EBITDA)
0.00 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 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 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 0.00 0.00 122.73 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.94 0.00 0.00
Leverage & Solvency
- - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 -0.39 -0.33 -0.22 -0.49 -0.89 -0.91
Leverage Ratio
0.00 1.17 1.13 1.14 1.13 1.15 1.24
Compound Leverage Factor
0.00 1.00 1.14 1.14 1.13 1.14 1.24
Debt to Total Capital
0.00% 0.00% 0.03% 0.03% 0.06% 0.06% 0.06%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.03% 0.03% 0.06% 0.06% 0.06%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 222.01% 0.00% 0.00% 0.02% 0.00% 0.00%
Common Equity to Total Capital
0.00% -122.01% 99.97% 99.97% 99.92% 99.94% 99.94%
Debt to EBITDA
0.00 0.00 0.00 0.00 -0.01 0.00 0.00
Net Debt to EBITDA
0.00 0.00 2.28 0.77 7.91 3.84 3.29
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 -0.01 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 -0.01 0.00 0.00
Net Debt to NOPAT
0.00 0.00 3.00 1.01 7.53 4.56 3.93
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 -0.01 0.00 0.00
Altman Z-Score
0.00 0.00 7.59 11.08 8.73 4.06 1.10
Noncontrolling Interest Sharing Ratio
0.00% 222.01% 59.94% 0.00% 0.01% 0.01% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
0.00 6.84 12.68 7.60 10.97 7.57 5.17
Quick Ratio
0.00 3.13 4.07 1.27 9.83 6.82 4.47
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -57 -103 -42 106 -17 -24
Operating Cash Flow to CapEx
-1,510.62% -2,277.12% -1,497.51% -1,992.34% -536.62% 54.58% -1,188.60%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - -
Asset Turnover
0.00 0.72 0.50 0.46 0.45 0.33 0.46
Accounts Receivable Turnover
0.00 6.56 8.96 9.75 6.44 5.17 7.97
Inventory Turnover
0.00 4.25 3.22 1.65 1.68 1.97 2.62
Fixed Asset Turnover
0.00 24.19 27.75 32.80 29.30 17.78 21.88
Accounts Payable Turnover
0.00 7.52 6.40 3.61 4.05 4.31 4.96
Days Sales Outstanding (DSO)
0.00 55.66 40.73 37.44 56.72 70.63 45.79
Days Inventory Outstanding (DIO)
0.00 85.84 113.29 221.32 217.67 185.67 139.40
Days Payable Outstanding (DPO)
0.00 48.56 57.01 101.14 90.19 84.76 73.58
Cash Conversion Cycle (CCC)
0.00 92.95 97.02 157.62 184.19 171.53 111.61
Capital & Investment Metrics
- - - - - - -
Invested Capital
0.00 41 125 147 22 11 11
Invested Capital Turnover
0.00 2.77 0.85 0.66 0.99 3.50 6.42
Increase / (Decrease) in Invested Capital
0.00 41 84 22 -125 -12 0.65
Enterprise Value (EV)
0.00 0.00 198 507 100 125 57
Market Capitalization
0.00 0.00 254 527 242 257 151
Book Value per Share
$0.00 ($7.87) $5.52 $1.44 $1.66 $1.35 $0.99
Tangible Book Value per Share
$0.00 ($7.87) $5.52 $1.44 $1.66 $1.29 $0.93
Total Capital
0.00 67 182 167 164 143 105
Total Debt
0.00 0.00 0.05 0.05 0.10 0.08 0.07
Total Long-Term Debt
0.00 0.00 0.05 0.05 0.10 0.08 0.07
Net Debt
0.00 -26 -57 -20 -142 -132 -94
Capital Expenditures (CapEx)
1.43 0.86 1.44 1.11 1.19 1.87 1.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 39 127 144 17 1.48 2.00
Debt-free Net Working Capital (DFNWC)
0.00 65 183 164 159 134 96
Net Working Capital (NWC)
0.00 65 183 164 159 134 96
Net Nonoperating Expense (NNE)
6.35 6.98 7.59 7.81 0.82 7.64 7.74
Net Nonoperating Obligations (NNO)
0.00 -26 -57 -20 -142 -132 -94
Total Depreciation and Amortization (D&A)
1.04 1.09 1.10 1.38 1.63 2.55 2.98
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 68.35% 179.02% 158.40% 19.89% 2.56% 2.83%
Debt-free Net Working Capital to Revenue
0.00% 114.59% 259.37% 180.48% 188.64% 230.87% 135.54%
Net Working Capital to Revenue
0.00% 114.59% 259.37% 180.48% 188.64% 230.87% 135.54%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($1.15) ($0.28) ($0.19) ($0.35) ($0.31)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 116.29M 97.82M 101.99M 105.48M 103.14M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($1.15) $0.00 $0.00 ($0.35) ($0.31)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 116.29M 98.88M 104.16M 106.34M 103.05M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 ($1.15) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 33.03M 98.88M 104.16M 106.34M 103.05M
Normalized Net Operating Profit after Tax (NOPAT)
-20 -16 -19 -20 -19 -29 -24
Normalized NOPAT Margin
-32.63% -28.03% -26.80% -21.89% -22.39% -50.02% -33.75%
Pre Tax Income Margin
-42.54% -34.24% -36.98% -30.02% -23.25% -63.10% -44.51%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - -
Dividend Payout Ratio
0.00% 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% -2.78% -75.96%

Quarterly Metrics And Ratios for Valens Semiconductor

No quarterly metrics and ratios for Valens Semiconductor are available.



Financials Breakdown Chart

Valens Semiconductor Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Valens Semiconductor's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Valens Semiconductor's net income appears to be on an upward trend, with a most recent value of -$31.58 million in 2025, rising from -$25.93 million in 2019. The previous period was -$36.58 million in 2024. Check out Valens Semiconductor's forecast to explore projected trends and price targets.

Valens Semiconductor's total operating income in 2025 was -$34.06 million, based on the following breakdown:
  • Total Gross Profit: $44.09 million
  • Total Operating Expenses: $78.31 million

Over the last 6 years, Valens Semiconductor's total revenue changed from $60.04 million in 2019 to $70.63 million in 2025, a change of 17.6%.

Valens Semiconductor's total liabilities were at $29.72 million at the end of 2025, a 0.9% increase from 2024, and a 152.3% increase since 2020.

In the past 5 years, Valens Semiconductor's cash and equivalents has ranged from $17.26 million in 2023 to $56.79 million in 2021, and is currently $27.86 million as of their latest financial filing in 2025.

Over the last 6 years, Valens Semiconductor's book value per share changed from 0.00 in 2019 to 0.99 in 2025, a change of 98.7%.



Financial statements for NYSE:VLN last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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