Valens Semiconductor Ltd.
VLN- Exchange
- NYSE
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0001863006
In the last 90 days, Valens Semiconductor Ltd. insiders filed 0 open-market purchases and 4 sales; 54 institutions reported holding it in 13F filings for Q2 2026, worth $89.9M in total; ARK Invest is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:50 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $31.6M (44.7% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | $70.6M | $57.9M | $84.2M | $90.7M | $70.7M |
| Cost of revenue | $26.5M | $23.6M | $31.6M | $27.3M | $20.1M |
| Gross profit | $44.1M | $34.3M | $52.6M | $63.4M | $50.6M |
| Operating expenses | $78.1M | $75.6M | $79.5M | $91.8M | $77.6M |
| Research and development | $42.7M | $40.5M | $48.2M | $58.2M | $46.9M |
| Selling, general and administrative | $14.3M | $16.5M | $14.0M | $16.6M | $16.6M |
| Operating income | -$34.1M | -$41.3M | -$26.9M | -$28.4M | -$27.1M |
| Income tax | $158.0K | $96.0K | $112.0K | $451.0K | $407.0K |
| Net income | -$31.6M | -$36.6M | -$19.7M | -$27.7M | -$26.5M |
| EPS, basic | $-0.31 | $-0.35 | $-0.19 | $-0.28 | – |
| EPS, diluted | $-0.31 | $-0.35 | $-0.19 | $-0.28 | – |
| Weighted shares, basic | 103.1M | 105.5M | 102.0M | 97.8M | – |
| Weighted shares, diluted | 103.1M | 105.5M | 102.0M | 97.8M | – |
| Margins and growth | |||||
| Gross margin | 62.4% | 59.2% | 62.5% | 69.9% | 71.6% |
| Operating margin | -48.2% | -71.5% | -32.0% | -31.3% | -38.3% |
| Net margin | -44.7% | -63.2% | -23.4% | -30.5% | -37.5% |
| Revenue growth, year over year | +22.1% | −31.3% | −7.2% | +28.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | $27.9M | $35.4M | $17.3M | $20.0M | $56.8M |
| Short-term investments | $64.7M | $95.5M | $124.8M | – | – |
| Accounts receivable | $9.97M | $7.75M | $14.6M | $11.5M | $7.09M |
| Inventory | $10.1M | $10.2M | $13.8M | $23.8M | $9.32M |
| Total current assets | $118.7M | $153.9M | $174.7M | $188.5M | $199.0M |
| Property, plant and equipment | $2.90M | $3.56M | $2.95M | $2.79M | $2.74M |
| Goodwill | $1.85M | $1.85M | – | – | – |
| Intangible assets | $3.76M | $4.70M | – | – | – |
| Total assets | $134.7M | $172.2M | $180.6M | $195.7M | $202.6M |
| Accounts payable | – | – | – | – | $4.49M |
| Total current liabilities | $22.9M | $20.3M | $15.9M | $24.8M | $15.7M |
| Total liabilities | $29.7M | $29.5M | $16.3M | $28.2M | $20.4M |
| Shareholders' equity | $105.0M | $142.7M | $164.3M | $167.4M | $182.2M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | -$12.7M | $1.02M | -$6.36M | -$22.1M | -$21.6M |
| Capital expenditures | $1.07M | $1.87M | $1.19M | $1.11M | $1.44M |
| Free cash flow | -$13.8M | -$848.0K | -$7.54M | -$23.2M | -$23.1M |
| Depreciation and amortization | $2.98M | $2.55M | – | – | – |
| Stock-based compensation | $16.5M | $15.1M | $15.0M | $12.1M | $9.87M |
| Share buybacks | $24.0M | $1.02M | – | – | – |
| Investing cash flow | $28.0M | $17.8M | $1.35M | -$11.7M | -$84.2M |
| Financing cash flow | -$23.1M | -$155.0K | $1.50M | $822.0K | $135.4M |
| Net change in cash | -$7.56M | $18.2M | -$2.76M | -$36.8M | $30.5M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 23.4% | 26.1% | 17.9% | 13.3% | 14.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.