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

Valneva SE has reported Cost of Revenue for 6 years, with the latest figure at $30.7 million in Q1 2026.

• Quarterly Cost of Revenue rose 26.45% year-over-year to $30.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $127.9 million (up 19.73% YoY) and the FY2025 annual result came in at $124.7 million, up 16.94% from the prior year.
• Cost of Revenue eased to $30.7 million in Q1 2026 per VALN's latest filing, from $42.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $168.2 million in Q2 2022 and troughed at $15.6 million in Q1 2022.
• A 5-year average of $41.6 million and a median of $28.0 million in 2023 frame the typical range for Cost of Revenue.
• The widest YoY moves for Cost of Revenue: up 593.86% in 2022, down 78.59% in 2022.
• Over 5 years, Cost of Revenue stood at $124.2 million in 2022, then slumped by 77.42% to $28.0 million in 2023, then grew by 3.76% to $29.1 million in 2024, then soared by 44.29% to $42.0 million in 2025, then declined by 27.0% to $30.7 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $30.7 million, $42.0 million, and $27.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.