Valens Semiconductor Ltd. balance sheet

At the end of fiscal 2025, Valens Semiconductor Ltd. had total assets of $135m, total liabilities of $29.7m and shareholders' equity of $105m. It held $27.9m in cash against $67,000 of debt: net cash of $27.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Valens Semiconductor Ltd.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	16	26	57	20	17	35	28
Receivables	—	9	7	12	15	8	10
Inventory	—	3	9	24	14	10	10
Total current assets	—	76	199	189	175	154	119
Goodwill	—	—	—	—	—	2	2
Total assets	—	79	203	196	181	172	135
Accounts payable	—	2	4	—	—	—	—
Total current liabilities	—	11	16	25	16	20	23
Total debt	0	0	0	0	0	0	0
Total liabilities	—	12	20	28	16	29	30
Shareholders' equity	−68	−82	182	167	164	143	105
Non-controlling interests and other (assets − liabilities − equity)	—	150	—	—	—	—	—
Net debt (negative = net cash)	−16	−26	−57	−20	−17	−35	−28
Shares outstanding	—	86m	97m	99m	103m	106m	103m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Valens Semiconductor Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Valens Semiconductor Ltd.