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VLN

Valens Semiconductor Ltd.

VLN

Valens Semiconductor Ltd. • NYSE
$1.60 ▲ 1.91% (+0.03)
Market Cap $166.85 M
52w High $3.50
52w Low $1.37
Dividend Yield 0%
P/E -5.52
Volume 234.11K
Outstanding Shares 104.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $17.335M ▲ $18.959M ▲ $-7.321M ▼ -42.232% ▼ $-0.072 ▼ $-6.564M ▲
Q2-2025 $17.059M ▲ $18.224M ▼ $-7.184M ▲ -42.113% ▲ $-0.069 ▲ $-7.468M ▲
Q1-2025 $16.828M ▲ $20.038M ▲ $-8.308M ▼ -49.37% ▼ $-0.08 ▼ $-8.512M ▼
Q4-2024 $16.665M ▲ $18.483M ▼ $-7.317M ▲ -43.906% ▲ $-0.069 ▲ $-3.025M ▲
Q3-2024 $16.038M $21.014M $-10.355M -64.565% $-0.098 $-11.146M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $93.549M ▼ $136.691M ▼ $27.859M ▼ $108.832M ▼
Q2-2025 $102.721M ▼ $144.793M ▼ $28.298M ▲ $116.495M ▼
Q1-2025 $112.54M ▼ $154.562M ▼ $25.955M ▼ $128.607M ▼
Q4-2024 $130.955M ▼ $172.152M ▲ $29.464M ▲ $142.688M ▼
Q3-2024 $133.098M $171.887M $24.898M $146.989M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.321M ▼ $-4.662M ▼ $-5.659M ▼ $-3.557M ▲ $-15.049M ▼ $-4.943M ▼
Q2-2025 $-7.184M ▲ $-211K ▲ $15.531M ▼ $-9.979M ▼ $5.592M ▲ $-330K ▲
Q1-2025 $-8.308M ▼ $-7.611M ▼ $22.651M ▲ $-9.397M ▼ $5.574M ▲ $-7.968M ▼
Q4-2024 $-7.317M ▲ $-330K ▼ $812K ▼ $-847K ▼ $1.118M ▼ $-1.21M ▼
Q3-2024 $-10.355M $2.964M $8.215M $56K $10.737M $2.242M

Revenue by Products

Product Q2-2022Q2-2023Q4-2023
Automotive Member
Automotive Member
 $0 ▲$10.00M ▲$20.00M ▲
Audio Video
Audio Video
 $20.00M ▲$0 ▼$0 ▲
Automotive
Automotive
 $0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Valens is still a relatively small, niche semiconductor company with a modest revenue base that has grown only gradually over the last few years and even dipped recently. The good news is that its core products generate solid gross margins, meaning the underlying technology appears valuable. The challenge is that R&D and other operating costs are still much higher than gross profit, so the company continues to post operating losses and negative net income every year. Losses have narrowed over time compared with the early post‑IPO period, but the firm is clearly still in an investment and scale‑up phase rather than a mature, consistently profitable phase.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative and clean. The company holds a meaningful cash cushion for its size and carries very little debt, which reduces financial risk and gives management flexibility to keep investing. Total assets have been broadly stable, and equity is solidly positive, a major improvement compared with the pre‑IPO period when equity was negative. Overall, the company appears to have a reasonable financial runway, but that runway ultimately depends on how quickly it can move from recurring losses toward sustainable profitability.

Cash Flow

Cash Flow Historically, Valens has burned cash from operations as it invested in product development and commercial expansion. However, cash outflows from day‑to‑day operations have been shrinking, and the most recent year is close to break‑even on an operating cash flow basis. Capital spending is very light, consistent with an asset‑light, fabless model. Free cash flow is therefore mainly a function of operating performance rather than heavy investment in factories or equipment. The direction of travel is positive, but the company is not yet clearly generating durable, positive free cash flow.

Competitive Edge

Competitive Edge Valens operates in attractive, but highly competitive, connectivity niches within the semiconductor space. Its key strength is that it helped define important industry standards in both professional audio‑video (HDBaseT) and automotive connectivity (MIPI A‑PHY), giving it a role as a technology leader rather than just a follower. Being early to market with standard‑compliant products and having design wins with major automakers and Tier‑1 suppliers provides real credibility. At the same time, the company competes with far larger analog and mixed‑signal players that have deeper relationships and broader product portfolios, so execution risk and pricing pressure remain meaningful. Its moat relies on the continued adoption of these standards and its ability to stay ahead technologically.

Innovation and R&D

Innovation and R&D Innovation is the core of Valens’ story. The company’s DSP‑based connectivity technology allows high‑speed, long‑distance data transfer over inexpensive cabling, which is particularly valuable in cars and professional AV systems where cost, weight, and reliability matter. Creating HDBaseT and underpinning the MIPI A‑PHY automotive standard gives Valens a structural advantage: its architectures are embedded in the specifications others must follow. The product lineup spans automotive chipsets for advanced driver‑assistance systems and infotainment, as well as pro‑AV and long‑reach USB solutions for conferencing and other video‑heavy uses. Partnerships with names like Samsung and design wins with leading automakers and Mobileye suggest its R&D engine is recognized by top‑tier partners. The key question is how quickly these innovations convert into broad commercial uptake and scale.

Summary

Valens Semiconductor is a technology‑driven, standard‑setting player in specialized connectivity markets, especially automotive and professional AV. Financially, it remains in an early‑stage, scale‑up mode: revenues are modest and uneven, margins at the gross level are healthy, but ongoing R&D and operating expenses keep the company in the red, with only recent signs of approaching cash‑flow break‑even. The balance sheet is relatively strong for its size, with net cash and minimal leverage providing time to execute. Strategically, its role in defining industry standards, its differentiated DSP‑based technology, and growing ecosystem partnerships are clear strengths, but these sit alongside competitive pressure from much larger peers and the execution risk of turning technical leadership into sustained commercial and financial performance.

NEWS

November 12, 2025 · 4:26 PM UTC

Stonegate Capital Partners Updates Coverage on Valens Semiconductor Ltd. (VLN) Q3 25

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November 12, 2025 · 6:30 AM UTC

Valens Semiconductor Reports Third Quarter 2025 Results

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November 10, 2025 · 8:30 AM UTC

Global OEMs Will Launch First VA7000-Based Endoscopes, Signaling Strong Momentum for Valens Semiconductor's Medical Imaging Offering

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November 4, 2025 · 6:30 AM UTC

Valens Semiconductor to Participate in the 14th Annual ROTH Technology Conference

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November 3, 2025 · 6:30 AM UTC

Valens Semiconductor Appoints Yoram Salinger as Chief Executive Officer

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