VLN

MKT CAP:$188M

Valens Semiconductor Ltd.

Market Cap

$188M

Technology·Semiconductors·🇮🇱 Israel·NYSE

Technology·Semiconductors·🇮🇱·NYSE

Stock Price

$1.50-$0.06 (-3.85%)

Apr 21, 2026

Company Details

Valens Semiconductor Ltd. engages in the provision of semiconductor products that enables high-speed video and data transmission for the audio-video and automotive industries. It offers HDBaseT technology, which enables the simultaneous del...

CEO

Yoram Salinger

IPO Date

Sep 30, 2021

Website

www.valens.com

Key Metrics TTM

Revenue

$71M

+22.1% YoY

Net Income

-$32M

EPS (Diluted)

-$0.31

Free Cash Flow

-$14M

Revenue / Share

$0.69

Gross Margin

62.4%

Operating Margin

-48.6%

Net Margin

-44.7%

FCF Margin

-19.5%

P/S

2.7x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 25, 2026

$71M+22.1%EPS -$0.31

Q4 2025

Feb 25, 2026

$19M+16.4%EPS -$0.09

Q3 2025

Nov 12, 2025

$17M+8.1%EPS -$0.07

Q2 2025

Aug 6, 2025

$17M+25.5%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$22M	$15M	-$7M
Q2 22	$22M	$16M	-$8M
Q3 22	$23M	$16M	-$5M
Q4 22	$23M	$16M	-$8M
Q1 23	$24M	$16M	-$7M
Q2 23	$24M	$15M	-$5M
Q3 23	$14M	$8M	-$13M
Q4 23	$22M	$14M	-$2M
Q1 24	$12M	$7M	-$11M
Q2 24	$14M	$8M	-$9M
Q3 24	$16M	$9M	-$12M
Q4 24	$17M	$10M	-$8M
Q1 25	$17M	$11M	-$9M
Q2 25	$17M	$11M	-$7M
Q3 25	$17M	$11M	-$8M
Q4 25	$19M	$12M	-$9M

Valuation

Quarter	P/S	P/E
Q1 22	2.4x	—
Q2 22	2.2x	—
Q3 22	2.1x	—
Q4 22	2.1x	—
Q1 23	2.0x	—
Q2 23	2.0x	—
Q3 23	2.2x	—
Q4 23	2.2x	—
Q1 24	2.6x	—
Q2 24	3.1x	—
Q3 24	3.0x	—
Q4 24	3.3x	—
Q1 25	3.0x	—
Q2 25	2.8x	—
Q3 25	2.8x	—
Q4 25	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$8M	-$9M
Q2 22	-$4M	-$4M
Q3 22	-$4M	-$4M
Q4 22	-$6M	-$6M
Q1 23	-$9M	-$9M
Q2 23	$358.0K	-$419.0K
Q3 23	$6M	$6M
Q4 23	-$4M	-$4M
Q1 24	-$1M	-$1M
Q2 24	-$225.0K	-$460.0K
Q3 24	$3M	$2M
Q4 24	-$330.0K	-$1M
Q1 25	-$8M	-$8M
Q2 25	-$211.0K	-$330.0K
Q3 25	-$5M	-$5M
Q4 25	-$295.0K	-$547.0K

Capital Expenditures

Quarter	CapEx
Q1 22	$180.0K
Q2 22	$244.0K
Q3 22	$368.0K
Q4 22	$317.0K
Q1 23	$142.0K
Q2 23	$777.0K
Q3 23	$180.0K
Q4 23	$86.0K
Q1 24	$30.0K
Q2 24	$235.0K
Q3 24	$722.0K
Q4 24	$880.0K
Q1 25	$357.0K
Q2 25	$119.0K
Q3 25	$281.0K
Q4 25	$252.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+61.8%	+47.6%
Q2 22	+28.4%	+40.9%
Q3 22	+21.3%	+3.7%
Q4 22	+13.2%	+7.5%
Q1 23	+10.5%	+7.4%
Q2 23	+7.5%	-3.5%
Q3 23	-38.8%	-4.2%
Q4 23	-6.5%	-25.0%
Q1 24	-51.6%	-26.2%
Q2 24	-43.8%	-21.6%
Q3 24	+13.2%	+3.3%
Q4 24	-24.0%	+5.9%
Q1 25	+45.6%	+15.0%
Q2 25	+25.5%	+6.3%
Q3 25	+8.1%	-9.4%
Q4 25	+16.4%	+15.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	12.9%
Q2 22	$3M	13.9%
Q3 22	$3M	13.2%
Q4 22	$3M	13.3%
Q1 23	$4M	16.0%
Q2 23	$4M	16.5%
Q3 23	$4M	26.2%
Q4 23	$4M	16.0%
Q1 24	$4M	32.6%
Q2 24	$4M	27.5%
Q3 24	$4M	23.4%
Q4 24	$4M	23.2%
Q1 25	$4M	24.8%
Q2 25	$4M	22.1%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$14M	—	—	$9M
Q2 22	$15M	$4M	$4M	—
Q3 22	$13M	—	—	$9M
Q4 22	$16M	$4M	$4M	—
Q1 23	$14M	—	—	$9M
Q2 23	$12M	$4M	$4M	—
Q3 23	$13M	$4M	$4M	—
Q4 23	$9M	$3M	$4M	—
Q1 24	$10M	$4M	$4M	—
Q2 24	$10M	$3M	$4M	—
Q3 24	$10M	$6M	$5M	—
Q4 24	$10M	$4M	$5M	—
Q1 25	$11M	$4M	$6M	—
Q2 25	$10M	$4M	$5M	—
Q3 25	$11M	$2M	$5M	—
Q4 25	$11M	—	—	$10M

Revenue Segments

Quarter	Audio Video	Automotive
Q2 22	$18M	$4M

Revenue by Geography

Quarter	China	Hong Kong	Hungary	Israel	Japan	Other Geographical Areas	United States
Q2 22	$3M	$4M	$2M	$749.0K	$3M	$6M	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$45M	$121M	$166M
Q2 22	$47M	$110M	$157M
Q3 22	$32M	$121M	$153M
Q4 22	$20M	$128M	$148M
Q1 23	$15M	$124M	$140M
Q2 23	$21M	$117M	$138M
Q3 23	$11M	$132M	$143M
Q4 23	$17M	$125M	$142M
Q1 24	$35M	$105M	$140M
Q2 24	$25M	$106M	$131M
Q3 24	$35M	$98M	$133M
Q4 24	$35M	$96M	$131M
Q1 25	$41M	$72M	$113M
Q2 25	$47M	$56M	$103M
Q3 25	$32M	$62M	$94M
Q4 25	$29M	$65M	$94M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	97M	+638.0%	+638.0%
Q2 22	97M	+0.3%	+640.2%
Q3 22	98M	+0.6%	+644.9%
Q4 22	99M	+0.5%	+648.9%
Q1 23	101M	+2.5%	+4.0%
Q2 23	102M	+0.6%	+4.4%
Q3 23	102M	+0.5%	+4.2%
Q4 23	103M	+0.7%	+4.4%
Q1 24	104M	+1.1%	+2.9%
Q2 24	105M	+1.0%	+3.3%
Q3 24	106M	+1.0%	+3.8%
Q4 24	107M	+0.6%	+3.6%
Q1 25	105M	-1.3%	+1.2%
Q2 25	104M	-1.6%	-1.5%
Q3 25	101M	-2.1%	-4.4%
Q4 25	102M	+1.0%	-4.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$82.2K	263
Q2 22	$85.5K	263
Q3 22	$88.0K	263
Q4 22	$75.0K	313
Q1 23	$76.3K	313
Q2 23	$77.2K	313
Q3 23	$45.3K	313
Q4 23	$91.0K	241
Q1 24	$48.0K	241
Q2 24	$56.4K	241
Q3 24	$66.5K	241
Q4 24	$64.3K	259
Q1 25	$65.0K	259
Q2 25	$65.9K	259
Q3 25	$66.9K	259
Q4 25	$83.3K	233

Revenue / Employee