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MARKETS / NASDAQ / VALN
NASDAQ · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · MID CAP

Valneva SE VALN

7 fiscal years on record · EUR · FY2025 reported · SEC filings only
€174.7M
▲ 3.0% YoY
€-115.2M
€-57.3M
In brief

What this company does

Valneva SE develops, manufactures, and commercializes prophylactic vaccines for infectious diseases. It commercializes a portfolio of traveler vaccines composed of IXIARO, also marketed as JESPECT in Australia and New Zealand, DUKORAL, and IXCHIQ. IXIARO is indicated for the prevention of Japanese encephalitis in travelers and military personnel. DUKORAL is indicated for the prevention of cholera and, in Canada, Switzerland, New Zealand, and Thailand, for the prevention of diarrhea caused by LT-Enterotoxigenic Escherichia coli. IXCHIQ is indicated for active immunization for the prevention of disease caused by chikungunya virus and is marketed in Europe, Canada, Brazil, and the United Kingdom. It operates three manufacturing sites, augmented by contract manufacturing partners. Its Livingston, Scotland site supports multi-product manufacturing and employs approximately 140 staff. It has a commercial organization of approximately 60 employees for the distribution of its travel vaccines and third-party vaccines.

Written from the business description in Valneva SE's annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth
EUR 174.7M
Revenue, FY2025 · full 7-year series below
Revenue €M Net income €M
FY2025 · Revenue 174.7 · Net income -115.2
200M-50M-100M2019202020212022202320242025
Compound annual growth
−21.5%
+9.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−66 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -47.0% · Net -66.0%
2%4%6%-20%-40%-60%2019202020212022202320242025
ROE

Not available in our data for this period.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow €M
FY2025 · FCF -57.3
40M80M-100M-200M2019202020212022202320242025

Total assetsEUR 398.8M
CashEUR 109.7M
Gross debtEUR 179.2M
Net debtEUR 69.5M
Current ratio2.38×

Not available: we don't have the shareholders' equity figure for this period.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · EUR
row low → row highnegative
Metric 2025202420232022202120202019
Revenue €B0.20.20.20.40.30.10.1
Operating income €B−0.10.0−0.1−0.1−0.1−0.1−0.0
EBITDA €B−0.10.0−0.1−0.1−0.0−0.0·
Income tax €B0.00.00.0−0.00.0−0.00.0
Net income €B−0.1−0.0−0.1−0.1−0.1−0.1−0.0
Free cash flow €B−0.1−0.1−0.2−0.3−0.00.1−0.0
EPS, diluted−0.68−0.08−0.73−1.24−0.75−0.71−0.02
Dividend / sh·······
Payout %·······
ROE %·······
Shares out B0.170.160.140.140.110.09·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityBiological Products, (No Diagnostic Substances)
Listed onNASDAQ
Incorporated inoutside the United States — SEC code I0
Fiscal year endsDecember 31
Data on record since2019

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