Valens Semiconductor Ltd. (VLN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 16.86M | 19.4M | 17.34M | 17.06M | 16.83M | 16.66M | 16.04M | 13.6M | 11.56M | 21.94M | 14.17M | 24.18M | 23.88M | 23.47M | 23.14M | 22.48M | 21.62M | 20.74M | 19.07M | 17.51M |
| Revenue Growth % | 0.18% | 16.43% | 8.09% | 25.46% | 45.58% | -24.04% | 13.21% | -43.76% | -51.6% | -6.53% | -38.78% | 7.54% | 10.45% | 13.18% | 21.34% | 28.39% | 61.78% | 46.85% | - | - |
| Cost of Goods Sold | 6.37M | 7.66M | 6.41M | 6.22M | 6.25M | 6.59M | 6.99M | 5.25M | 4.74M | 8.41M | 5.83M | 9.24M | 8.09M | 7.44M | 7M | 6.7M | 6.18M | 5.97M | 5.26M | 5.04M |
| COGS % of Revenue | 37.8% | 39.46% | 36.99% | 36.49% | 37.12% | 39.56% | 43.6% | 38.63% | 41.04% | 38.35% | 41.14% | 38.23% | 33.87% | 31.71% | 30.27% | 29.79% | 28.58% | 28.8% | 27.57% | 28.8% |
| Gross Profit | 10.49M | 11.75M | 10.92M | 10.84M | 10.58M | 10.07M | 9.04M | 8.34M | 6.82M | 13.53M | 8.34M | 14.93M | 15.79M | 16.03M | 16.14M | 15.78M | 15.44M | 14.77M | 13.81M | 12.47M |
| Gross Margin % | 62.2% | 60.54% | 63.01% | 63.51% | 62.88% | 60.44% | 56.4% | 61.37% | 58.96% | 61.65% | 58.86% | 61.77% | 66.13% | 68.29% | 69.73% | 70.21% | 71.42% | 71.2% | 72.43% | 71.2% |
| Gross Profit Growth % | -0.9% | 16.61% | 20.75% | 29.85% | 55.28% | -25.53% | 8.48% | -44.13% | -56.85% | -15.61% | -48.33% | -5.39% | 2.29% | 8.55% | 16.82% | 26.61% | 61.98% | 43.54% | - | - |
| Operating Expenses | 19.71M | 21.17M | 18.96M | 18.22M | 20.04M | 18.48M | 21.01M | 17.75M | 18.1M | 15.26M | 21.28M | 20.12M | 22.85M | 24.13M | 21.27M | 23.72M | 22.64M | 23.39M | 22.02M | 16.54M |
| OpEx % of Revenue | 116.89% | 109.1% | 109.37% | 106.83% | 119.08% | 110.91% | 131.03% | 130.57% | 156.62% | 69.57% | 150.2% | 83.21% | 95.7% | 102.8% | 91.94% | 105.5% | 104.7% | 112.79% | 115.48% | 94.48% |
| Selling, General & Admin | 9.41M | 10.11M | 7.41M | 8.86M | 9.27M | 8.34M | 10.71M | 7.76M | 7.96M | 6.63M | 7.86M | 7.96M | 8.89M | 7.67M | 8.56M | 8.81M | 8.51M | 8.5M | 11.39M | 5.59M |
| SG&A % of Revenue | 55.83% | 52.08% | 42.76% | 51.95% | 55.11% | 50.03% | 66.75% | 57.11% | 68.86% | 30.23% | 55.47% | 32.91% | 37.24% | 32.67% | 36.99% | 39.2% | 39.36% | 41% | 59.73% | 31.91% |
| Research & Development | 10.29M | 11.06M | 10.8M | 10.2M | 10.59M | 10.06M | 10.31M | 9.96M | 10.14M | 8.63M | 13.42M | 12.16M | 13.96M | 16.46M | 12.71M | 14.9M | 14.13M | 14.89M | 10.63M | 10.96M |
| R&D % of Revenue | 61.06% | 57.02% | 62.32% | 59.78% | 62.93% | 60.37% | 64.28% | 73.26% | 87.77% | 39.34% | 94.73% | 50.3% | 58.46% | 70.13% | 54.94% | 66.3% | 65.34% | 71.8% | 55.74% | 62.57% |
| Other Operating Expenses | 0 | 0 | 744K | -837K | 174K | 85K | 0 | 28K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -9.22M | -9.42M | -8.04M | -7.39M | -9.46M | -8.41M | -11.97M | -9.41M | -11.29M | -1.74M | -12.94M | -5.18M | -7.06M | -8.1M | -5.14M | -7.93M | -7.2M | -8.63M | -8.21M | -4.08M |
| Operating Margin % | -54.69% | -48.56% | -46.36% | -43.31% | -56.19% | -50.47% | -74.63% | -69.21% | -97.66% | -7.91% | -91.34% | -21.44% | -29.56% | -34.51% | -22.21% | -35.29% | -33.29% | -41.59% | -43.05% | -23.28% |
| Operating Income Growth % | 2.5% | -12.05% | 32.85% | 21.48% | 16.24% | -384.45% | 7.5% | -81.56% | -59.92% | 78.57% | -151.78% | 34.67% | 1.92% | 6.09% | 37.41% | -94.58% | -16.95% | -34.37% | - | - |
| EBITDA | -8.29M | -8.71M | -7.29M | -6.63M | -8.69M | -7.62M | -11.15M | -8.93M | -10.83M | -1.3M | -12.54M | -4.77M | -6.68M | -7.74M | -4.79M | -7.59M | -6.88M | -8.31M | -7.95M | -3.81M |
| EBITDA Margin % | -49.18% | -44.91% | -42.08% | -38.87% | -51.62% | -45.74% | -69.5% | -65.68% | -93.72% | -5.91% | -88.51% | -19.73% | -27.97% | -32.97% | -20.7% | -33.74% | -31.81% | -40.08% | -41.66% | -21.76% |
| EBITDA Growth % | 4.54% | -14.33% | 34.56% | 25.75% | 19.82% | -487.66% | 11.11% | -87.27% | -62.17% | 83.24% | -161.77% | 37.13% | 2.86% | 6.9% | 39.71% | -99.06% | -16.6% | -35.72% | - | - |
| D&A (Non-Cash Add-back) | 928K | 709K | 743K | 758K | 770K | 788K | 823K | 479K | 456K | 439K | 400K | 414K | 379K | 361K | 349K | 347K | 320K | 312K | 265K | 266K |
| EBIT | -9.22M | -8.74M | -7.31M | -8.23M | -9.28M | -3.81M | -11.97M | -9.38M | -11.29M | -1.74M | -12.94M | -4.55M | -5.36M | -8.1M | -5.29M | -9.75M | -4.59M | -7.67M | -8.21M | -3.57M |
| Net Interest Income | 839K | 431K | 726K | 225K | 1.24M | 1.46M | 1.89M | 1.28M | 1.23M | 5.51M | 368K | 1.62M | 191K | 0 | 221K | -6K | -115K | 302K | -227K | 29K |
| Interest Income | 839K | 431K | 726K | 225K | 1.24M | 1.46M | 1.89M | 1.29M | 1.23M | 5.51M | 368K | 1.63M | 191K | 0 | 221K | 199K | 0 | 302K | 0 | 37K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9K | 0 | 0 | 0 | 8K | 0 | 0 | 0 | 205K | 115K | 0 | 227K | 8K |
| Other Income/Expense | 957K | 683K | 730K | 226K | 1.24M | 1.14M | 1.62M | 562K | 1.26M | 4.57M | 457K | 627K | 1.7M | 824K | -145K | -2.02M | 2.49M | 821K | -227K | 503K |
| Pretax Income | -8.26M | -8.74M | -7.31M | -7.16M | -8.21M | -7.28M | -10.35M | -8.85M | -10.03M | 2.84M | -12.48M | -4.56M | -5.36M | -7.28M | -5.28M | -9.95M | -4.71M | -7.8M | -8.44M | -3.57M |
| Pretax Margin % | -49.01% | -45.04% | -42.15% | -41.99% | -48.82% | -43.65% | -64.5% | -65.07% | -86.77% | 12.93% | -88.11% | -18.85% | -22.44% | -31% | -22.83% | -44.27% | -21.78% | -37.63% | -44.24% | -20.41% |
| Income Tax | 27K | 30K | 14K | 21K | 93K | 44K | -14K | 21K | 17K | 51K | 16K | 26K | 19K | 41K | 21K | 43K | 346K | 169K | 59K | 124K |
| Effective Tax Rate % | -0.33% | -0.34% | -0.19% | -0.29% | -1.13% | -0.6% | 0.14% | -0.24% | -0.17% | 1.8% | -0.13% | -0.57% | -0.35% | -0.56% | -0.4% | -0.43% | -7.35% | -2.17% | -0.7% | -3.47% |
| Net Income | -8.29M | -8.77M | -7.32M | -7.18M | -8.31M | -7.32M | -10.36M | -8.87M | -10.04M | 2.79M | -12.49M | -4.58M | -5.38M | -7.32M | -5.3M | -9.99M | -5.05M | -7.97M | -8.49M | -3.7M |
| Net Margin % | -49.17% | -45.2% | -42.23% | -42.11% | -49.37% | -43.91% | -64.57% | -65.23% | -86.88% | 12.72% | -88.18% | -18.95% | -22.52% | -31.17% | -22.92% | -44.46% | -23.36% | -38.44% | -44.5% | -21.12% |
| Net Income Growth % | 0.22% | -19.86% | 29.3% | 19% | 17.27% | -362.26% | 17.11% | -93.56% | -86.76% | 138.13% | -135.48% | 54.16% | -6.48% | 8.23% | 37.49% | -170.28% | 20.8% | -32.64% | - | - |
| Net Income (Continuing) | -8.29M | -8.77M | -7.32M | -7.18M | -8.31M | -7.32M | -10.33M | -8.87M | -10.05M | 2.79M | -12.5M | -4.58M | -5.38M | -7.32M | -5.3M | -9.99M | -5.05M | -7.97M | -8.5M | -3.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | -0.09 | -0.07 | -0.07 | -0.08 | -0.07 | -0.10 | -0.08 | -0.10 | 0.03 | -0.12 | -0.05 | -0.05 | -0.07 | -0.05 | -0.10 | -0.05 | -0.61 | -0.64 | -0.28 |
| EPS Growth % | 1.38% | -24.93% | 26.02% | 17.77% | 17.1% | -353.14% | 18.67% | -87.14% | -81.39% | 136.47% | -121.81% | 54.9% | -2.31% | 87.82% | 91.55% | 64.29% | 89.17% | -32.61% | - | - |
| EPS (Basic) | -0.08 | -0.09 | -0.07 | -0.07 | -0.08 | -0.07 | -0.10 | -0.08 | -0.10 | 0.03 | -0.12 | -0.05 | -0.05 | -0.07 | -0.05 | -0.10 | -0.05 | -0.61 | -0.64 | -0.28 |
| Diluted Shares Outstanding | 105.05M | 102.37M | 101.39M | 103.55M | 105.26M | 106.68M | 106.1M | 105.08M | 104.05M | 102.96M | 102.22M | 101.69M | 101.08M | 98.58M | 98.06M | 97.44M | 97.15M | 13.16M | 13.16M | 13.16M |
| Basic Shares Outstanding | 105.05M | 102.37M | 101.39M | 103.55M | 105.26M | 106.68M | 106.1M | 105.08M | 104.05M | 102.97M | 102.22M | 101.69M | 101.08M | 98.58M | 98.06M | 97.44M | 97.15M | 13.16M | 13.16M | 13.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |