Valens Semiconductor Ltd. income statement

In fiscal 2025, Valens Semiconductor Ltd. reported revenue of $70.6m, up 22.1% on the year before, operating income of −$34.1m (a -48.2% margin) and net income of −$31.6m, or −$0.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Valens Semiconductor Ltd.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	60	57	71	91	84	58	71
Cost of revenue	13	13	20	27	32	24	27
Gross profit	47	43	51	63	53	34	44
Research and development	53	45	47	58	48	40	43
Selling, general and administrative	—	—	—	—	14	16	14
Selling and marketing	18	14	14	17	—	—	—
General and administrative	5	8	17	17	—	—	—
Operating income	−28	−23	−27	−28	−27	−41	−34
Income before tax	−26	−19	−26	−27	−20	−37	−31
Income tax	0	0	0	0	0	0	0
Net income	−26	−20	−27	−28	−20	−37	−32
Diluted EPS	−$0.46	−$0.36	−$0.38	−$0.28	−$0.19	−$0.35	−$0.31
Diluted shares (average)	86m	94m	99m	98m	102m	105m	103m
EBITDA	−27	−22	−26	−27	−25	−39	−31

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.