Valens Semiconductor Ltd. (VLN)
NYSE: VLN · Semiconductors & Related Devices · Hod Hasharon, 4501309, IL · filing with the SEC since 2021
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
| Report filed | Feb 25, 2026 | Feb 26, 2025 | Feb 28, 2024 | Mar 1, 2023 | Mar 2, 2022 | · | · |
| Revenue | 70,625 | 57,859 | 84,161 | 90,715 | 70,684 | 56,910 | 60,041 |
| Cost of revenue | 26,540 | 23,582 | 31,569 | 27,325 | 20,105 | 13,432 | 12,585 |
| Gross profit | 44,085 | 34,277 | 52,592 | 63,390 | 50,579 | 43,478 | 47,456 |
| Research and development | 42,655 | 40,475 | 48,171 | 58,207 | 46,875 | 44,725 | 52,704 |
| Selling, general and administrative | 14,264 | 16,465 | 14,024 | · | · | · | · |
| Sales and marketing | 21,390 | 18,302 | 17,314 | 16,959 | 14,214 | 13,657 | 17,616 |
| General and administrative | 14,264 | 16,465 | 14,024 | 16,593 | 16,556 | 7,884 | 5,120 |
| Total operating expenses | 78,140 | 75,619 | 79,509 | 91,759 | 77,645 | 66,266 | 75,440 |
| Operating income | -34,055 | -41,342 | -26,917 | -28,369 | -27,066 | -22,788 | -27,984 |
| Interest and investment income | 4,198 | 6,121 | 6,669 | 2,298 | 311 | · | · |
| Interest income (expense), net | · | · | 848 | 1,213 | -87 | · | · |
| Share of profit of equity-method investments | 9 | 23 | 18 | 16 | 10 | 17 | 21 |
| Other income (expense), net | -109 | -57 | 46 | 309 | -31 | · | · |
| Total non-operating income (expense) | 2,620 | 4,795 | 5,637 | -1,770 | 1,102 | · | · |
| Income before income taxes | -31,434 | -36,510 | -19,567 | -27,232 | -26,137 | -19,488 | -25,541 |
| Income tax expense | 158 | 96 | 112 | 451 | 407 | 164 | 414 |
| Income from continuing operations | · | · | -19,679 | -27,683r | -26,544r | -19,635 | · |
| Net income | -31,583 | -36,583 | -19,661 | -27,667 | -26,534 | -19,635 | -25,934 |
| Net income to common shareholders | · | · | -19,661 | -27,667 | -37,864 | · | · |
| Earnings per share, basic | -0.31 | -0.35 | -0.19 | -0.28 | -1.15 | -3.25 | · |
| Earnings per share, diluted | -0.31 | -0.35 | -0.19 | -0.28 | -1.15 | -3.25 | · |
| Earnings per share, basic and diluted | · | · | · | · | -1.15 | -3.25 | -4.13 |
| Weighted average shares, basic | 103,142,173 | 105,477,191 | 101,985,939 | 97,820,782 | 33,031,205 | 10,448,218 | · |
| Weighted average shares, diluted | 103,142,173 | 105,477,191 | 101,985,939 | 97,820,782 | 33,031,205 | 10,448,218 | · |
| Weighted average shares, basic and diluted | · | · | · | · | 33,031,205 | 10,448,218 | 9,522,608 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestmentsIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedEarnings per share, basic and diluted net income per share, where both counts are the same
us-gaap:EarningsPerShareBasicAndDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstandingWeighted average shares, basic and diluted the average count, where both counts are the same
us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted