VLNNYSESemiconductors & Related DevicesFiscal year ends December 31
Valens Semiconductor Ltd.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Feb 25, 2026
$1.57−0.02 (-1.26%)
Close on Oct 19, 2026
- Market cap
- $160.73M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
62.4%−14.0 pts over 5 years
Operating margin
-48.2%−8.2 pts over 5 years
Net margin
-44.7%−10.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.1% | -8.0% | +4.4% | – | |
| Gross profit | +28.6% | -11.4% | +0.3% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 26.1% | -25.5% | |
| Return on assets | – | – | -20.6% | |
| Current ratio | – | 6.84 | 5.17 | |
| Inventory turnover | – | – | 2.6× | |
| Capex to revenue | – | 1.5% | 1.5% | |
| Diluted shares | – | 10M | 103M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Valens Semiconductor generated $63.80M from operations and spent $31.68M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$63.80M
Used
$31.68M
Capital expenditure$6.67M21%Dividends$00%Share buybacks$25.01M79%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-44.7%
×Asset turnover0.46×
×Equity multiplier1.24×
=Return on equity, FY2025-25.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -44.7% | 0.46× | 1.24× | -25.5% |
| FY2024 | -63.2% | 0.33× | 1.15× | -23.8% |
| FY2023 | -23.4% | 0.45× | 1.13× | -11.9% |
| FY2022 | -30.5% | 0.46× | 1.14× | -15.8% |
| FY2021 | -37.5% | 0.50× | 2.82× | -53.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$31.58M
- Cash generatingOperating cash flow above zero-$12.72M
- Return on assets improvedROA up on the prior year-20.3% → -18.3%
- Earnings backed by cashOperating cash flow above net income-$12.72M vs -$31.58M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose7.57 → 5.17
- No dilutionShare count did not rise105M → 103M
- Gross margin improvedGross margin up on the prior year59.24% → 62.42%
- More efficientAsset turnover rose0.32 → 0.41