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

Valneva SE has disclosed Operating Expenses across 6 years of filings, most recently posting -$27.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at -$27.4 million, down 8.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $143.9 million (up 15.9% YoY), and the FY2025 annual result was $142.7 million, up 14.27% from the prior year.
• Operating Expenses came in at -$27.4 million for Q1 2026 at Valneva SE, down from $246.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $246.6 million in Q4 2025 to a low of -$44.2 million in Q2 2022.
• The 5-year median for Operating Expenses is -$27.4 million (2026), against an average of $28.3 million.
• Peak annual rise in Operating Expenses reached 46.65% in 2022, while the deepest fall reached 42.68% in 2022.
• Valneva SE's Operating Expenses stood at $242.5 million in 2022, then slipped by 22.88% to $187.0 million in 2023, then increased by 13.17% to $211.6 million in 2024, then gained by 16.56% to $246.6 million in 2025, then plunged by 111.1% to -$27.4 million in 2026.
• The last three Operating Expenses figures came in at -$27.4 million (Q1 2026), $246.6 million (Q4 2025), and -$44.2 million (Q3 2025), per Business Quant data.