VLN revenueFY2025$70.63M
- FY YoY
- +22.1%
- 5Y CAGR
- +4.4%
VLN revenue was $70.63M for fiscal 2025 (ended Dec 31, 2025), up 22.1% from fiscal 2024. Compound annual growth was +4.4% over 5 years. It rose in 3 of the last 6 fiscal years.
Valens Semiconductor Ltd. (VLN) financials
For fiscal 2025 (ended Dec 31, 2025), Valens Semiconductor Ltd. reported $70.63M of revenue and -$31.58M of net income.
- Revenue, FY2025
- $70.63M
- Revenue growth, YoY
- +22.1%
- Net income, FY2025
- -$31.58M
- Net margin
- -44.7%
- Free cash flow, FY2025
- -$13.79M
- EPS, diluted, FY2025
- -$0.31
- Cash
- $27.86M
- P/S
- 2.32
- Market cap
- $163.7M
FY2019FY2025
FY2019FY2025
FY2019FY2025
VLN revenue and earnings growth
VLN net incomeFY2025-$31.58M
VLN net income was -$31.58M for fiscal 2025 (ended Dec 31, 2025), compared with -$36.58M in fiscal 2024.
VLN EPSFY2025-$0.31
VLN diluted EPS was -$0.31 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.35 in fiscal 2024.
VLN free cash flowFY2025-$13.79M
VLN free cash flow was -$13.79M for fiscal 2025 (ended Dec 31, 2025), compared with -$848.0K in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $70.63M | $57.86M | $84.16M | $90.72M | $70.68M | $56.91M | $60.04M |
| Cost of revenue | $26.54M | $23.58M | $31.57M | $27.32M | $20.11M | $13.43M | $12.59M |
| Gross profit | $44.09M | $34.28M | $52.59M | $63.39M | $50.58M | $43.48M | $47.46M |
| Research and development | $42.66M | $40.48M | $48.17M | $58.21M | $46.88M | $44.73M | $52.70M |
| Selling, general and admin | $14.26M | $16.46M | $14.02M | $16.59M | $16.56M | $7.88M | $5.12M |
| Operating income | -$34.05M | -$41.34M | -$26.92M | -$28.37M | -$27.07M | -$22.79M | -$27.98M |
| Pre-tax income | -$31.43M | -$36.51M | -$19.57M | -$27.23M | -$26.14M | -$19.49M | -$25.54M |
| Income tax | $158.0K | $96.0K | $112.0K | $451.0K | $407.0K | $164.0K | $414.0K |
| Net income | -$31.58M | -$36.58M | -$19.66M | -$27.67M | -$26.53M | -$19.64M | -$25.93M |
| EPS, basic | -$0.31 | -$0.35 | -$0.19 | -$0.28 | -$1.15 | -$3.25 | -$4.13 |
| EPS, diluted | -$0.31 | -$0.35 | -$0.19 | -$0.28 | -$1.15 | -$3.25 | -$4.13 |
| Diluted shares | 103.1M | 105.5M | 102.0M | 97.8M | 33.0M | 10.4M | 9.5M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.86M | $35.42M | $17.26M | $20.02M | $56.79M | $26.32M | $15.56M |
| Short-term investments | $64.73M | $95.53M | $124.76M | $128.36M | - | - | - |
| Receivables | $9.97M | $7.75M | $14.64M | $11.51M | $7.09M | $8.68M | - |
| Inventory | $10.12M | $10.15M | $13.84M | $23.82M | $9.32M | $3.16M | - |
| Current assets | $118.66M | $153.90M | $174.69M | $188.51M | $199.03M | $76.38M | - |
| Goodwill | $1.85M | $1.85M | - | - | - | - | - |
| Total assets | $134.70M | $172.15M | $180.56M | $195.66M | $202.60M | $79.17M | - |
| Current liabilities | $22.93M | $20.33M | $15.93M | $24.79M | $15.70M | $11.16M | - |
| Total liabilities | $29.72M | $29.46M | $16.25M | $28.22M | $20.40M | $11.78M | - |
| Shareholders' equity | $104.98M | $142.69M | $164.30M | $167.44M | $182.20M | -$82.22M | -$68.32M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12.72M | $1.02M | -$6.36M | -$22.09M | -$21.61M | -$19.61M | -$21.62M |
| Capital expenditures | $1.07M | $1.87M | $1.19M | $1.11M | $1.44M | $861.0K | $1.43M |
| Free cash flow | -$13.79M | -$848.0K | -$7.54M | -$23.20M | -$23.05M | -$20.47M | -$23.05M |
| Investing cash flow | $28.03M | $17.78M | $1.35M | -$11.73M | -$84.16M | $28.31M | $10.57M |
| Financing cash flow | -$23.09M | -$155.0K | $1.50M | $822.0K | $135.43M | $406.0K | $132.0K |
| Share repurchases | $23.99M | $1.02M | - | - | - | - | - |
| Stock-based compensation | $16.54M | $15.12M | $15.03M | $12.09M | $9.87M | $5.33M | $2.86M |
| Depreciation and amortization | $2.98M | $2.55M | $1.63M | $1.38M | - | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 22.1% | -31.3% | -7.2% | 28.3% | 24.2% | -5.2% | - |
| Gross margin | 62.4% | 59.2% | 62.5% | 69.9% | 71.6% | 76.4% | 79.0% |
| Operating margin | -48.2% | -71.5% | -32.0% | -31.3% | -38.3% | -40.0% | -46.6% |
| Net margin | -44.7% | -63.2% | -23.4% | -30.5% | -37.5% | -34.5% | -43.2% |
| Free cash flow margin | -19.5% | -1.5% | -9.0% | -25.6% | -32.6% | -36.0% | -38.4% |
| Return on equity | -30.1% | -25.6% | -12.0% | -16.5% | -14.6% | - | - |
| Return on assets | -23.4% | -21.3% | -10.9% | -14.1% | -13.1% | -24.8% | - |
| Current ratio | 5.17 | 7.57 | 10.97 | 7.60 | 12.68 | 6.84 | - |
Source: XBRL data Valens Semiconductor Ltd. files with the SEC, latest filing dated Feb 25, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
VLN peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| VLN | $70.63M | +22.1% | -$31.58M | -44.7% | $163.7M |
| NVDA | $302.97B | +83.4% | $192.88B | 63.7% | $4.31T |
| TSM | NT$3.81T | +31.6% | NT$1.70T | 44.6% | $2.02T |
| AVGO | $89.10B | +48.7% | $38.27B | 42.9% | $1.53T |
| AMD | $45.44B | +41.9% | $7.62B | 16.8% | $834.12B |
| MU | $133.19B | +256.3% | $84.97B | 63.8% | $829.50B |
| INTC | $59.89B | +12.1% | -$12.03B | -20.1% | $315.55B |
| AMAT | $30.84B | +7.8% | $9.27B | 30.1% | $294.06B |
VLN FAQ
9 questionsWhat is VLN revenue?
Valens Semiconductor Ltd. (VLN) reported $70.63M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 22.1% from the year before.Is VLN profitable?
No. Valens Semiconductor Ltd. reported a net loss of $31.58M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does VLN have?
Valens Semiconductor Ltd. reported $27.86M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is VLN revenue growing?
Valens Semiconductor Ltd.'s revenue changed +22.1% in fiscal 2025, to $70.63M. Its compound annual growth rate was +4.4% over 5 years.What is VLN gross margin?
Valens Semiconductor Ltd.'s gross profit was $44.09M on $70.63M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 62.4%.What is VLN free cash flow?
Valens Semiconductor Ltd. generated -$13.79M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$12.72M less capital expenditures.What is VLN earnings per share?
Diluted earnings per share were -$0.31 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did VLN last report financial results?
The latest statements here come from Valens Semiconductor Ltd.'s 20-F filed on Feb 25, 2026, covering the period ended Dec 31, 2025.Where does this VLN financial data come from?
Quantisnow builds these statements from the structured XBRL data Valens Semiconductor Ltd. files with the SEC. It is provided for information only and is not investment advice.