Valneva SE (VALN) Cost of Revenue (2021 - 2026)

Valneva SE (VALN) has reported Cost of Revenue for 6 consecutive years, with $29.8 million the latest figure, recorded in Q1 2026.

• Quarterly Cost of Revenue rose 13.61% year-over-year to $29.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $125.5 million (up 10.92% YoY) and the FY2025 annual result came in at $121.9 million, up 8.73% from the prior year.
• Cost of Revenue eased to $29.8 million in Q1 2026 per VALN's latest filing, from $41.0 million in the prior quarter.
• Over the last five years, Cost of Revenue for VALN reached as high as $179.4 million in Q2 2022 and fell as low as $15.8 million in Q1 2022.
• A 5-year average of $44.0 million and a median of $29.2 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 683.08% — and 2023, when it plunged 78.84%.
• Year by year, Cost of Revenue stood at $138.5 million in 2022, then sank by 78.59% to $29.7 million in 2023, then gained by 4.48% to $31.0 million in 2024, then jumped by 32.46% to $41.0 million in 2025, then decreased by 27.42% to $29.8 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $29.8 million, $41.0 million, and $27.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.