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

Valneva SE (VALN) has reported Operating Expenses for 6 consecutive years, with -$21.8 million the latest figure, recorded in Q1 2026.

• Quarterly Operating Expenses rose 2.7% year-over-year to -$21.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $159.4 million (up 5.17% YoY) and the FY2025 annual result came in at $158.8 million, up 6.03% from the prior year.
• Operating Expenses declined to -$21.8 million in Q1 2026 per VALN's latest filing, from $246.0 million in the prior quarter.
• Over the last five years, Operating Expenses for VALN reached as high as $12.0 billion in Q3 2022 and fell as low as -$11.8 billion in Q4 2022.
• A 5-year average of $34.6 million and a median of -$25.0 million in 2023 frame the typical range for Operating Expenses.
• The largest YoY upside for Operating Expenses was 21503.18% in 2022 against a maximum downside of 2893.33% in 2022.
• Year by year, Operating Expenses stood at -$11.8 billion in 2022, then surged by 101.82% to $214.4 million in 2023, then gained by 7.24% to $229.9 million in 2024, then rose by 7.01% to $246.0 million in 2025, then sank by 108.87% to -$21.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$21.8 million, $246.0 million, and -$38.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.