Valneva SE (VALN) quarterly balance sheet — complete assets, liabilities & equity history
Valneva SE (VALN) balance sheet — 21-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q2'21 |
|---|
| Total Current Assets | 222.79M | 201.65M | 222.54M | 268.33M | 284.72M | 287.05M | 299.01M | 303.61M | 269.15M | 306.24M | 262.82M | 320.65M | 341.48M | 389.33M | 424.66M | 476.54M | 503.78M | 545.02M | 585.83M | 561.96M |
| Cash & Short-Term Investments | 121.48M | 105.37M | 109.65M | 143.46M | 161.31M | 152.99M | 168.27M | 156.34M | 131.41M | 176.64M | 126.08M | 171.25M | 204.41M | 254.49M | 289.43M | 261.04M | 336.18M | 311.26M | 346.64M | 329.72M |
| Cash Only | 121.48M | 105.37M | 109.65M | 143.46M | 161.31M | 152.99M | 168.27M | 156.34M | 131.41M | 176.64M | 126.08M | 171.25M | 204.41M | 254.49M | 289.43M | 261.04M | 336.18M | 311.26M | 346.64M | 329.72M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.33M | 10.14M | 27.81M | 20.08M | 24.12M | 33.52M | 35.2M | 30.36M | 30.52M | 27.29M | 41.65M | 44.35M | 33.67M | 27.02M | 23.91M | 57.73M | 16.25M | 25.06M | 44.01M | 18.01M |
| Days Sales Outstanding | 33.92 | 55.27 | 46.2 | 69.13 | 54.27 | 62.82 | 56.97 | 61.11 | 69.1 | 95.76 | 94.41 | 94.26 | 68.63 | 68.4 | 33.71 | 21.72 | 26.34 | 142.27 | 10.17 | 80.76 |
| Inventory | 48.14M | 50.64M | 50.23M | 64.29M | 61.73M | 61.68M | 53.66M | 57.83M | 48.87M | 48.59M | 44.47M | 38M | 33.35M | 39M | 35.1M | 96.46M | 95.2M | 139.72M | 124.1M | 125.66M |
| Days Inventory Outstanding | 132.62 | 173.38 | 146.05 | 242.49 | 232.81 | 225.25 | 188.33 | 191.14 | 188.94 | 191.06 | 145.54 | 156.51 | 98.69 | 162.82 | 49.72 | 282.15 | 67.82 | 856.57 | 402.18 | 504.24 |
| Other Current Assets | 36.83M | 35.49M | 34.85M | 40.5M | 37.56M | 38.85M | 41.87M | 59.09M | 58.35M | 53.73M | 50.63M | 67.05M | 70.05M | 68.83M | 76.21M | 61.3M | 56.1M | 68.97M | 71.04M | 88.53M |
| Total Non-Current Assets | 165.33M | 170.75M | 176.3M | 179.9M | 187.91M | 195.19M | 201.02M | 213M | 197.42M | 196.59M | 206.57M | 199.88M | 201.09M | 200.67M | 196.69M | 221.55M | 221.33M | 232.69M | 231.52M | 183.15M |
| Property, Plant & Equipment | 128.43M | 133.75M | 138.03M | 142.07M | 147.45M | 154.31M | 158.12M | 160.3M | 156.51M | 155.96M | 156.59M | 156.13M | 156.1M | 158.04M | 154.04M | 170.66M | 169.99M | 175.98M | 173.83M | 123.03M |
| Fixed Asset Turnover | 0.27x | 0.23x | 0.34x | 0.20x | 0.32x | 0.32x | 0.33x | 0.29x | 0.24x | 0.21x | 0.27x | 0.24x | 0.26x | 0.21x | 0.69x | 0.92x | 0.41x | 0.12x | 1.87x | 0.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 20.9M | 21.65M | 22.35M | 23.15M | 23.82M | 24.6M | 25.26M | 33.48M | 24.19M | 24.85M | 25.57M | 26.34M | 27.13M | 27.9M | 28.71M | 29.65M | 30.71M | 31.77M | 32.7M | 34.42M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.12M | 2.12M | 2.04M |
| Other Non-Current Assets | 7.54M | 7.58M | 7.59M | 7.42M | 8.63M | 8.35M | 8.04M | 7.55M | 9.05M | 8.77M | 8.49M | 8.22M | 7.93M | 8.59M | 8.3M | 18.29M | 17.95M | 19.52M | 19.28M | 18.06M |
| Total Assets | 388.12M | 372.4M | 398.84M | 448.23M | 472.63M | 482.24M | 500.03M | 516.61M | 466.57M | 502.83M | 469.39M | 520.54M | 542.57M | 590M | 621.34M | 698.08M | 725.11M | 777.71M | 817.35M | 745.11M |
| Asset Turnover | 0.09x | 0.08x | 0.11x | 0.06x | 0.10x | 0.10x | 0.10x | 0.09x | 0.08x | 0.07x | 0.08x | 0.07x | 0.07x | 0.06x | 0.17x | 0.22x | 0.09x | 0.03x | 0.36x | 0.04x |
| Asset Growth % | -17.88% | -22.78% | -20.24% | -13.24% | 1.3% | -4.09% | 6.53% | -0.75% | -14.01% | -14.77% | -24.46% | -25.43% | -25.17% | -24.14% | -23.98% | - | -2.68% | 35.46% | 81.97% | 91.37% |
| Total Current Liabilities | 103.29M | 94.32M | 93.33M | 150.48M | 125.66M | 106.2M | 114.58M | 109.16M | 102.49M | 116.08M | 158.86M | 218.15M | 241.04M | 263.26M | 277.39M | 374.21M | 436.13M | 363.26M | 368.98M | 456.92M |
| Accounts Payable | 10.91M | 21.83M | 9.07M | 30.12M | 5.68M | 27.84M | 12.64M | 42.9M | 8.53M | 33.51M | 17.56M | 94.24M | 69.15M | 33.52M | 14.51M | 74.97M | 83.7M | 66.27M | 16.04M | 71.5M |
| Days Payables Outstanding | 43.96 | 53.12 | 49.98 | 68.89 | 63.23 | 79.04 | 93.81 | 92.12 | 81.49 | 104.86 | 197.32 | 358.39 | 140.04 | 105.52 | 33.82 | 233.59 | 43.29 | 267.22 | 140.96 | 299.25 |
| Short-Term Debt | 21.15M | 18.27M | 17.91M | 58.83M | 46.02M | 19.7M | 20.85M | 19.45M | 19.87M | 22.41M | 44.08M | 33.81M | 21.2M | 14.16M | 11.58M | 12.49M | 11.54M | 11.73M | 7.11M | 7.08M |
| Deferred Revenue (Current) | 481.8K | 427.44K | 432K | 423K | 520K | 3.75M | 3.01M | 956K | 5.3M | 5.29M | 5.7M | 13.34M | 11.58M | 9.16M | 9.41M | 6.91M | 119.71M | 122.48M | 124.02M | 338.47M |
| Other Current Liabilities | 70.6M | 50.99M | 40.8M | 39.44M | 35.21M | 30.21M | 44.59M | 24.61M | 24.5M | 34.18M | 55.88M | 35.99M | 96.17M | 164.34M | 184.01M | 260.55M | 202.72M | 139.82M | 159.37M | 24.51M |
| Current Ratio | 2.16x | 2.14x | 2.38x | 1.78x | 2.27x | 2.70x | 2.61x | 2.78x | 2.63x | 2.64x | 1.65x | 1.47x | 1.42x | 1.48x | 1.53x | 1.27x | 1.16x | 1.50x | 1.59x | 1.23x |
| Quick Ratio | 1.69x | 1.60x | 1.85x | 1.36x | 1.77x | 2.12x | 2.14x | 2.25x | 2.15x | 2.22x | 1.37x | 1.30x | 1.28x | 1.33x | 1.40x | 1.02x | 0.94x | 1.12x | 1.25x | 0.95x |
| Cash Conversion Cycle | 122.58 | 175.53 | 142.26 | 242.74 | 223.85 | 209.03 | 151.49 | 160.13 | 176.55 | 181.95 | 42.63 | -107.62 | 27.27 | 125.7 | 49.62 | 70.28 | 50.86 | 731.62 | 271.39 | 285.76 |
| Total Non-Current Liabilities | 203.74M | 201.1M | 199.33M | 147.27M | 160.53M | 200.79M | 204.2M | 189.99M | 197.8M | 197.51M | 172.95M | 144.87M | 110.82M | 121.96M | 124.15M | 158.89M | 195.72M | 266.05M | 277.79M | 211.12M |
| Long-Term Debt | 165.56M | 164.23M | 161.26M | 108.89M | 122.36M | 161.48M | 166.52M | 153.13M | 160.55M | 159.03M | 132.77M | 107.05M | 74.22M | 83.23M | 87.23M | 93.36M | 67.06M | 48.01M | 50.73M | 47.4M |
| Capital Lease Obligations | 23.43M | 24.46M | 25.34M | 25.45M | 25.89M | 27.27M | 26.43M | 26.02M | 26.53M | 27.55M | 29.09M | 27.85M | 27.88M | 29.56M | 28.16M | 52.64M | 51.93M | 52.66M | 53.69M | 53.92M |
| Deferred Tax Liabilities | 4.46M | 4.43M | 4.41M | 3.95M | 4.03M | 4.13M | 4.16M | 3.79M | 3.74M | 3.7M | 3.64M | 2.22M | 971K | 1.06M | 694K | 1.78M | 1.98M | 1.28M | 1.29M | 590K |
| Other Non-Current Liabilities | 10.28M | 8.17M | 8.32M | 8.98M | 8.24M | 7.91M | 7.08M | 7.06M | 6.98M | 7.23M | 7.46M | 7.75M | 7.75M | 8.12M | 8.07M | 8.12M | 69.64M | 159.27M | 167.35M | 109.21M |
| Total Liabilities | 307.03M | 295.31M | 292.67M | 297.75M | 286.19M | 306.99M | 318.78M | 299.14M | 300.29M | 313.6M | 331.81M | 363.02M | 351.86M | 385.22M | 401.55M | 533.1M | 631.85M | 629.3M | 646.77M | 668.04M |
| Total Debt | 210.14M | 209.72M | 207.25M | 195.84M | 196.92M | 211.15M | 216.31M | 201.25M | 209.63M | 211.67M | 208.82M | 194.5M | 149.23M | 152.73M | 152.38M | 161.62M | 133.52M | 115.52M | 114.66M | 111.49M |
| Net Debt | 88.67M | 104.35M | 97.6M | 52.38M | 35.62M | 58.16M | 48.04M | 44.91M | 78.22M | 35.03M | 82.74M | 23.25M | -55.18M | -101.76M | -137.05M | -99.42M | -202.66M | -195.74M | -231.99M | -218.24M |
| Debt / Equity | 2.59x | 2.73x | 1.95x | 1.30x | 1.06x | 1.20x | 1.19x | 0.93x | 1.26x | 1.12x | 1.52x | 1.23x | 0.78x | 0.75x | 0.69x | 0.98x | 1.43x | 0.78x | 0.67x | 1.45x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | 3.21x | - | - | - | - | - | 1.65x | - | - | 0.64x | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.53x | - | - | - | - | - | -1.01x | - | - | -1.29x | - |
| Interest Coverage | -5.23x | -4.65x | -1.07x | -6.58x | -1.11x | -1.00x | -4.16x | -1.26x | -4.08x | 9.36x | -1.60x | -7.77x | -4.44x | -2.58x | -7.46x | 14.92x | -40.97x | -3.90x | 37.12x | -4.77x |
| Total Equity | 81.09M | 76.78M | 106.17M | 150.48M | 186.43M | 175.25M | 181.25M | 217.47M | 166.28M | 189.23M | 137.58M | 157.52M | 190.71M | 204.78M | 219.8M | 164.98M | 93.25M | 148.41M | 170.58M | 77.07M |
| Equity Growth % | -56.51% | -56.19% | -41.43% | -30.81% | 12.12% | -7.39% | 31.75% | 38.06% | -12.81% | -7.59% | -37.41% | -4.52% | 104.5% | 37.99% | 28.85% | - | 21% | 183.46% | 120.33% | -30.6% |
| Book Value per Share | 0.86 | 0.89 | 1.22 | 1.75 | 2.42 | 2.28 | 2.58 | 3.10 | 2.53 | 2.73 | 1.98 | 2.27 | 2.75 | 2.96 | 3.18 | 3.57 | 2.02 | 2.74 | 3.38 | 1.67 |
| Total Shareholders' Equity | 81.09M | 76.78M | 106.17M | 150.48M | 186.43M | 175.25M | 181.25M | 217.47M | 166.28M | 189.23M | 137.58M | 157.52M | 190.71M | 204.78M | 219.8M | 164.98M | 93.25M | 148.41M | 170.58M | 77.07M |
| Common Stock | 28.45M | 26.11M | 26.03M | 25.78M | 25.53M | 24.38M | 24.38M | 24.34M | 20.89M | 20.89M | 20.84M | 20.84M | 20.83M | 20.75M | 20.75M | 17.6M | 17.6M | 16.17M | 15.79M | 14.99M |
| Retained Earnings | -742.09M | -711.94M | -679.12M | -629.1M | -584.75M | -573.16M | -563.93M | -526.94M | -517.71M | -492.77M | -551.68M | -519.52M | -485.3M | -468.38M | -450.25M | -406.05M | -478.47M | -333.01M | -306.97M | -319.95M |
| Treasury Stock | 0 | 0 | -645K | 0 | 0 | 0 | -645K | 0 | 0 | 0 | -645K | 0 | 0 | 0 | -645K | 0 | 0 | 0 | 0 | -689K |
| Accumulated OCI | 90.49M | 85.08M | 40.74M | 81.38M | 79.13M | 76.43M | 40.15M | 72.43M | 69.14M | 67.16M | 65.73M | 62.2M | 61.21M | 58.37M | 55.25M | 51.79M | 52.48M | 52.45M | 52.51M | 40.45M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |