7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.4% per year over the past 5 years.
Operating margin has contracted, at -48.2% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.0 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$71M
-$32M
62.4%
-48.2%
-$14M
—
$28M
2024
$58M
-$37M
59.2%
-71.5%
-$848000
—
$35M
2023
$84M
-$20M
62.5%
-32.0%
-$8M
—
$17M
2022
$91M
-$28M
69.9%
-31.3%
-$23M
—
$20M
2021
$71M
-$27M
71.6%
-38.3%
-$23M
—
$57M
2020
$57M
-$20M
76.4%
-40.0%
-$20M
—
$26M
2019
$60M
-$26M
79.0%
-46.6%
-$23M
—
$16M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '25
$19M
-$9M
60.5%
-47.3%
-$547000
—
$28M
Sep '25
$17M
-$7M
63.0%
-46.4%
-$5M
—
$32M
Jun '25
$17M
-$7M
63.5%
-43.3%
-$330000
—
$47M
Mar '25
$17M
-$8M
62.9%
-56.2%
-$8M
—
$41M
Dec '24
$17M
-$7M
60.4%
-50.5%
-$1M
—
$35M
Sep '24
$16M
-$10M
56.4%
-76.3%
$2M
—
$35M
Jun '24
$14M
-$9M
61.4%
-69.2%
-$460000
—
—
Mar '24
$12M
-$10M
59.0%
-97.7%
-$1M
—
—
Dec '23
$22M
$3M
61.7%
-7.9%
-$4M
—
$17M
Sep '23
$14M
-$12M
58.9%
-91.3%
$6M
—
—
Jun '23
$24M
-$5M
61.8%
-21.4%
-$419000
—
$21M
Jun '22
$22M
-$10M
70.2%
-35.3%
-$4M
—
$47M
Jun '21
$18M
-$4M
71.2%
-23.3%
-$7M
—
$42M
Valuation over time
How the market has priced VLN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 3.6× (Mar '23) to 3.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is VLN growing its revenue and profit?
Over the past 5 years, Valens Semiconductor Ltd.'s revenue has grown 4.4% per year. These are computed facts, not advice.
How much debt does VLN have?
As of FY2025, Valens Semiconductor Ltd. reported — of total debt against $28M of cash.
What is VLN's profit margin?
In FY2025, gross margin was 62.4%, operating margin -48.2%, and net margin -44.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.