VLN (Valens Semiconductor Ltd.) Stock Financials & Earnings | Market Cap Arena

VLN (Valens Semiconductor Ltd.) Stock Financials & Earnings | Market Cap Arena

VLNValens Semiconductor Ltd.

Mkt Cap$145M

Technology·Semiconductors·🇮🇱 Israel·NYSE

Revenue (TTM)$71M

Net Income (TTM)-$32M

EPS (TTM)-$0.31

Free Cash Flow (TTM)-$14M

Gross Margin62.4%

Op. Margin-48.6%

Net Margin-44.7%

FCF Margin-19.5%

P/S Ratio (TTM)2.1x

P/E Ratio (TTM)—

YoY Rev Growth+22.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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 23	1.6x	—
Q2 23	1.5x	—
Q3 23	1.7x	—
Q4 23	1.7x	—
Q1 24	2.0x	—
Q2 24	2.4x	—
Q3 24	2.3x	—
Q4 24	2.5x	—
Q1 25	2.3x	—
Q2 25	2.2x	—
Q3 25	2.1x	—
Q4 25	2.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$9M	-$9M
Q2 23	$358K	-$419K
Q3 23	$6M	$6M
Q4 23	-$4M	-$4M
Q1 24	-$1M	-$1M
Q2 24	-$225K	-$460K
Q3 24	$3M	$2M
Q4 24	-$330K	-$1M
Q1 25	-$8M	-$8M
Q2 25	-$211K	-$330K
Q3 25	-$5M	-$5M
Q4 25	-$295K	-$547K

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$142K
Q2 23	$777K
Q3 23	$180K
Q4 23	$86K
Q1 24	$30K
Q2 24	$235K
Q3 24	$722K
Q4 24	$880K
Q1 25	$357K
Q2 25	$119K
Q3 25	$281K
Q4 25	$252K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
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 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 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

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
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

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	101M	+2.5%
Q2 23	102M	+0.6%
Q3 23	102M	+0.5%
Q4 23	103M	+0.7%
Q1 24	104M	+1.1%
Q2 24	105M	+1.0%
Q3 24	106M	+1.0%
Q4 24	107M	+0.6%
Q1 25	105M	-1.3%
Q2 25	104M	-1.6%
Q3 25	101M	-2.1%
Q4 25	102M	+1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	$269K	263
FY 22	$290K	313
FY 23	$349K	241
FY 24	$223K	259
FY 25	$303K	233