Valneva SE

VALNNASDAQHealthcare● Active

$5.38

$-0.10(-1.82%)

Market Cap$479124955

P/E Ratio—

52W High$12.25

52W Low$5.06

Avg Volume93K

Open$5.42

Beta1.75

Free Cash Flow Financials Revenue

Valneva SE (VALN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VALN · free cash flow · updated Jun 8, 2026

Core FCF metrics

VALN · FCF · TTM · margin & CAGR

Free cash flow was −$57.4M for FY2025 (fiscal year ending 2025-12-31), up 31.4% year-over-year The FCF margin was -32.9%.

FY2025 Free Cash Flow−$57.4M▲ +31.4% YoY

Trailing 12M (TTM)−$70.9Mtrailing 4 quarters sum

FCF Margin-32.9%−$57.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VALN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$52.9M(4M)−$57.4M▲ +31.4%-32.9%

FY2024−$67.2M(16M)−$83.7M▲ +61.5%-49.3%

FY2023−$202.7M(14M)−$217.1M▲ +21.0%-141.2%

FY2022−$245.3M(29M)−$274.7M▼ 1588.2%-76.0%

FY2021$76.9M(93M)−$16.3M▼ 113.8%-4.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VALN · P/FCF · FCF yield · FCF per share

Valneva SE (VALN) reported negative free cash flow of −$0.06B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

VALN · cash flow statement · operating / investing / financing

For FY2025, Valneva SE generated −$52.9M in operating cash flow and spent 4M in capital expenditures, yielding −$57.4M in free cash flow.

Operating Activities

−$52.9M

Cash from core business operations

2025-12-31

Investing Activities

−$1.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$0.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$52.9M) − |CapEx| (4M) = FCF (−$57.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

VALN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Valneva SEYOU

VALN

−$57.4M+31.4%-32.8%

Loss

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Valneva SE (VALN) reported free cash flow of −$57.4M for FY2025 (fiscal year ending 2025-12-31), up 31.4% year-over-year. The FCF margin was -32.9%.

Based on available data, Valneva SE has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $118.3M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VALN free cash flow · 8 questions

Valneva SE free cash flow was −$57.4M for FY2025, up 31.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$70.9M.

VALN free cash flowVALN FCFVALN FCF 2025VALN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Valneva SE · Valneva SE SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026