Valens Semiconductor Ltd. (VLN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 112.96M | 118.66M | 119.99M | 127.33M | 136.7M | 153.9M | 155.05M | 158.69M | 166.16M | 174.69M | 170.94M | 177.49M | 181.55M | 188.51M | 185.57M | 188.61M | 195.94M | 199.03M | 225.06M | 70.04M |
| Cash & Short-Term Investments | 87.26M | 93.73M | 93.55M | 102.72M | 112.54M | 130.96M | 133.1M | 130.63M | 139.79M | 142.02M | 142.7M | 138.04M | 139.7M | 148.39M | 152.94M | 156.75M | 165.52M | 174.36M | 205.61M | 51.87M |
| Cash Only | 30.11M | 29M | 31.59M | 46.59M | 41M | 35.42M | 35.44M | 24.71M | 35.1M | 17.26M | 11.19M | 21.41M | 15.49M | 20.02M | 31.91M | 46.58M | 44.99M | 56.79M | 191.11M | 41.8M |
| Short-Term Investments | 57.15M | 64.73M | 61.96M | 56.13M | 71.54M | 95.53M | 97.66M | 105.92M | 104.69M | 124.76M | 131.51M | 116.63M | 124.21M | 128.36M | 121.03M | 110.18M | 120.53M | 117.57M | 14.51M | 10.07M |
| Accounts Receivable | 10.47M | 9.97M | 9.9M | 8.13M | 9.55M | 7.75M | 7.22M | 10.02M | 9.91M | 14.64M | 7.62M | 16.06M | 12.86M | 11.51M | 8.06M | 10.05M | 10.21M | 7.09M | 7.58M | 7.91M |
| Days Sales Outstanding | 54.57 | 47.1 | 47.84 | 47.17 | 46.27 | 41.32 | 49.44 | 66.69 | 96.63 | 46.68 | 76.88 | 54.43 | 45.94 | 38.37 | 36 | 41 | 36.02 | 32.55 | 37.37 | 41.12 |
| Inventory | 10.91M | 10.12M | 10.97M | 11.5M | 10.86M | 10.15M | 11.74M | 14.07M | 12.49M | 13.84M | 16.9M | 19.02M | 23.57M | 23.82M | 21.87M | 17.32M | 12.47M | 9.32M | 7.62M | 5.7M |
| Days Inventory Outstanding | 148.47 | 126.71 | 161.18 | 163.42 | 151.39 | 152.77 | 169.76 | 230.05 | 252.48 | 168.07 | 283.51 | 209.67 | 263.66 | 282.38 | 257.36 | 202.36 | 158.65 | 130.51 | 116.55 | 102.86 |
| Other Current Assets | 4.32M | 4.84M | 1.12M | 1.17M | 3.75M | 5.04M | 0 | 3.97M | 3.98M | 4.2M | 3.72M | 4.38M | 5.42M | 4.79M | 0 | 908K | 0 | 1.33M | 4.25M | 0 |
| Total Non-Current Assets | 15.46M | 16.04M | 16.7M | 17.46M | 17.86M | 18.25M | 16.84M | 17.09M | 5.11M | 5.86M | 6.01M | 6.84M | 7.15M | 7.15M | 7.51M | 7.62M | 8.24M | 3.57M | 2.67M | 5.74M |
| Property, Plant & Equipment | 9.42M | 9.8M | 10.18M | 10.61M | 10.75M | 11.01M | 9.35M | 9.44M | 4.49M | 5.16M | 5.49M | 6.35M | 6.66M | 6.61M | 6.73M | 6.98M | 7.52M | 2.74M | 2.15M | 2.34M |
| Fixed Asset Turnover | 1.75x | 1.94x | 1.67x | 1.60x | 1.55x | 1.64x | 1.71x | 1.95x | 2.40x | 4.12x | 2.39x | 3.72x | 3.60x | 3.52x | 3.38x | 3.10x | 4.21x | 8.48x | 8.50x | 7.50x |
| Goodwill | 1.85M | 5.61M | 1.85M | 1.85M | 1.85M | 1.85M | 1.85M | 1.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.53M | 0 | 4M | 4.23M | 4.47M | 4.7M | 4.94M | 5.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 668K | 632K | 669K | 777K | 798K | 687K | 702K | 633K | 623K | 692K | 528K | 494K | 490K | 535K | 778K | 638K | 724K | 828K | 524K | 3.41M |
| Total Assets | 128.42M | 134.7M | 136.69M | 144.79M | 154.56M | 172.15M | 171.89M | 175.79M | 171.28M | 180.56M | 176.96M | 184.34M | 188.7M | 195.66M | 193.08M | 196.23M | 204.18M | 202.6M | 227.73M | 75.78M |
| Asset Turnover | 0.13x | 0.14x | 0.12x | 0.11x | 0.10x | 0.10x | 0.09x | 0.08x | 0.07x | 0.12x | 0.08x | 0.13x | 0.12x | 0.12x | 0.12x | 0.11x | 0.11x | 0.10x | 0.13x | 0.18x |
| Asset Growth % | -16.91% | -21.75% | -20.48% | -17.63% | -9.76% | -4.66% | -2.87% | -4.64% | -9.23% | -7.72% | -8.35% | -6.06% | -7.58% | -3.43% | -15.22% | 158.93% | 77.22% | 155.92% | - | - |
| Total Current Liabilities | 21.68M | 22.93M | 21.14M | 21.33M | 16.88M | 20.33M | 18.91M | 16.34M | 12.89M | 15.93M | 18.38M | 16.73M | 20.18M | 24.79M | 18.93M | 20.33M | 19.44M | 15.7M | 34.48M | 13.91M |
| Accounts Payable | 4.45M | 0 | 0 | 5.12M | 4.28M | 6M | 4.07M | 3.53M | 0 | 4.95M | 0 | 3.9M | 0 | 10.65M | 0 | 7.34M | 0 | 4.49M | 0 | 2.91M |
| Days Payables Outstanding | 62.81 | - | - | 68.71 | 74.08 | 70.28 | 50 | 61.19 | - | 54.13 | - | 38.37 | - | 131.65 | - | 99.81 | - | 69.22 | - | 52.53 |
| Short-Term Debt | 1.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.77M | 22.93M | 21.14M | 2.57M | 7.29M | 9.4M | 8K | 7.51M | 12.89M | 2.1M | 16.68M | 2.32M | 20.18M | 9.41M | 17.14M | 2.65M | 17.44M | 8.05M | 34.48M | 35K |
| Current Ratio | 5.21x | 5.17x | 5.68x | 5.97x | 8.10x | 7.57x | 8.20x | 9.71x | 12.89x | 10.97x | 9.30x | 10.61x | 9.00x | 7.60x | 9.80x | 9.28x | 10.08x | 12.68x | 6.53x | 5.04x |
| Quick Ratio | 4.71x | 4.73x | 5.16x | 5.43x | 7.46x | 7.07x | 7.58x | 8.85x | 11.92x | 10.10x | 8.38x | 9.47x | 7.83x | 6.64x | 8.65x | 8.43x | 9.44x | 12.08x | 6.31x | 4.63x |
| Cash Conversion Cycle | 140.23 | - | - | 141.88 | 123.58 | 123.8 | 169.2 | 235.55 | - | 160.61 | - | 225.73 | - | 189.09 | - | 143.55 | - | 93.85 | - | 91.45 |
| Total Non-Current Liabilities | 6.5M | 6.78M | 6.72M | 6.96M | 9.08M | 9.14M | 5.99M | 5.92M | 232K | 323K | 803K | 1.33M | 1.7M | 3.43M | 2.81M | 2.69M | 4.75M | 4.7M | 4.52M | 38K |
| Long-Term Debt | 0 | 6.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 6.39M | 6.72M | 6.66M | 6.87M | 6.41M | 6.64M | 3.6M | 3.77M | 140K | 190K | 543K | 989K | 1.34M | 1.62M | 1.87M | 2.13M | 2.65M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 111K | -6.65M | 59K | 91K | 2.66M | 2.49M | 2.39M | 2.14M | 92K | 133K | 260K | 344K | 365K | 1.8M | 931K | 564K | 2.1M | 4.7M | 4.52M | 38K |
| Total Liabilities | 28.18M | 29.72M | 27.86M | 28.3M | 25.95M | 29.46M | 24.9M | 22.26M | 13.13M | 16.25M | 19.18M | 18.06M | 21.88M | 28.22M | 21.74M | 23.02M | 24.19M | 20.4M | 39M | 13.95M |
| Total Debt | 7.98M | 13.43M | 6.66M | 8.25M | 7.47M | 7.62M | 6.42M | 6.63M | 140K | 1.96M | 2.24M | 2.85M | 1.34M | 3.44M | 3.66M | 3.94M | 4.65M | 0 | 0 | 0 |
| Net Debt | -22.14M | -15.56M | -24.93M | -38.34M | -33.53M | -27.8M | -29.02M | -18.08M | -34.96M | -15.3M | -8.95M | -18.56M | -14.15M | -16.59M | -28.24M | -42.64M | -40.35M | -56.79M | -191.11M | -41.8M |
| Debt / Equity | 0.08x | 0.13x | 0.06x | 0.07x | 0.06x | 0.05x | 0.04x | 0.04x | 0.00x | 0.01x | 0.01x | 0.02x | 0.01x | 0.02x | 0.02x | 0.02x | 0.03x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | -1042.44x | - | - | - | -569.00x | - | - | - | -47.56x | -39.94x | - | -36.17x | -445.75x |
| Total Equity | 100.24M | 104.98M | 108.83M | 116.5M | 128.61M | 142.69M | 146.99M | 153.53M | 158.15M | 164.3M | 157.77M | 166.28M | 166.81M | 167.44M | 171.34M | 173.21M | 179.99M | 182.2M | 188.73M | 61.84M |
| Equity Growth % | -22.06% | -26.42% | -25.96% | -24.12% | -18.68% | -13.16% | -6.83% | -7.67% | -5.19% | -1.87% | -7.92% | -4% | -7.32% | -8.1% | -9.22% | 180.11% | 71.92% | 321.59% | - | - |
| Book Value per Share | 0.95 | 1.03 | 1.07 | 1.12 | 1.22 | 1.34 | 1.39 | 1.46 | 1.52 | 1.60 | 1.54 | 1.64 | 1.65 | 1.70 | 1.75 | 1.78 | 1.85 | 13.84 | 14.34 | 4.70 |
| Total Shareholders' Equity | 100.24M | 104.98M | 108.83M | 116.5M | 128.61M | 142.69M | 146.99M | 153.53M | 158.15M | 164.3M | 157.77M | 166.28M | 166.81M | 167.44M | 171.34M | 173.21M | 179.99M | 182.2M | 188.73M | 61.84M |
| Common Stock | 49K | 0 | 108.83M | 49K | 49K | 49K | 49K | 49K | 0 | 49K | 157.77M | 49K | 166.81M | 49K | 171.34M | 49K | 179.99M | 49K | 188.73M | 44K |
| Retained Earnings | -253.79M | 0 | 0 | -229.41M | -222.23M | -213.92M | -206.6M | -196.25M | 0 | -177.34M | 0 | -167.63M | 0 | -157.68M | 0 | -145.05M | 0 | -130.01M | 0 | -113.55M |
| Treasury Stock | 0 | 0 | 0 | -21.37M | -11.2M | -1.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 65K | 0 | 0 | 1.33M | 59K | 601K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |