VALN (VALN) revenue breakdown

· Market cap $574M

By segment, COVID is the largest at 77% of fiscal 2022 revenue, growing 22% a year over 1 years.

By product, COVID VLA2001 is the largest at 76% of fiscal 2022 revenue; Third party products grew fastest, 153% a year over 2 years.

Revenue by segment

Fiscal years, as VALN reports them in its 10-K filings; fiscal 2022 total $400M.

Segments202020212022Share
COVID—$253M$310M 77%
Commercialized products$66M$63M$85M 21%
Vaccine candidates$32M$3M$6M 1%
Technologies and services$12M$29M-$39M -10%

Revenue by product

Fiscal years, as VALN reports them in its 10-K filings; fiscal 2022 total $406M.

Products2019202020212022Share
COVID VLA2001——$253M$310M 76%
IXIARO®—$48M$45M$41M 10%
Third party products—$4M$15M$27M 7%
DUKORAL®—$13M$2M$17M 4%
Chikungunya VLA1553-$11M—$3M$6M 1%
Services related to clinical trial material—$8M$10M$3M 1%
Others—$4M$3M$3M 1%
Commercialized products$130M——— —
Technologies and services$6M——— —
Lyme VLA15—$32M$14M-$46M -11%

Revenue by region

Fiscal years, as VALN reports them in its 10-K filings; fiscal 2025 total $175M.

Regions2019202020212022202320242025Share
United States$64M$68M$55M-$24M$33M$49M$54M 31%
Canada$24M$9M$4M$19M$28M$32M$30M 17%
Germany$10M$7M$966,000$69M$14M$18M$17M 10%
France—$2M$1M$47M$6M$7M$15M 8%
Nordics$11M$3M$2M$12M$13M$14M$14M 8%
Other Europe-$5M$3M$5M$19M$9M$9M$14M 8%
United Kingdom$9M$3M$256M$181M$20M$19M$13M 7%
Austria$7M$10M$19M$22M$15M$16M$9M 5%
Rest of World$5M$4M$5M$17M$16M$5M$9M 5%
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Questions

Where does VALN make its money?

In fiscal 2022, by segment: COVID $310M, Commercialized products $85M, Vaccine candidates $6M, Technologies and services -$39M.

From VALN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.