Valneva SE (VALN) Operating Expenses (2021 - 2026)

Valneva SE has reported Operating Expenses for 6 years, with the latest figure at -$22.5 million in Q1 2026.

• Quarterly Operating Expenses fell 8.29% year-over-year to -$22.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $163.5 million (up 15.37% YoY) and the FY2025 annual result came in at $162.4 million, up 14.03% from the prior year.
• Operating Expenses eased to -$22.5 million in Q1 2026 per VALN's latest filing, from $251.6 million in the prior quarter.
• Over five years, Operating Expenses peaked at $10.6 billion in Q3 2022 and troughed at -$10.5 billion in Q4 2022.
• A 5-year average of $25.1 million and a median of -$23.9 million in 2023 frame the typical range for Operating Expenses.
• The widest YoY moves for Operating Expenses: up 18399.42% in 2022, down 2591.22% in 2022.
• Over 5 years, Operating Expenses stood at -$10.5 billion in 2022, then soared by 101.92% to $202.7 million in 2023, then increased by 6.51% to $215.9 million in 2024, then climbed by 16.57% to $251.6 million in 2025, then slumped by 108.93% to -$22.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$22.5 million, $251.6 million, and -$39.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.