Valneva SE (VALN) Operating Expenses (2021 - 2026)
Valneva SE (VALN) reported Operating Expenses of -$21.84 million for Q2 2026, compared with -$26.44 million a year earlier.
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Analysis
Valneva SE (VALN) Operating Expenses (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Valneva SE's Operating Expenses came in at -$117.39 million; for FY2025, it came in at -$119.45 million.
- By year, Operating Expenses came in at -$109.2 million in FY2024, -$103.18 million in FY2023, -$127.53 million in FY2022 and -$252.29 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses since Q1 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$22.46 million (Q1 2026), -$33.84 million (Q4 2025) and -$39.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,135.99 Bn | 1,104.58 Bn | 19.71 Bn | 7.95 Bn |
| 2 | Johnson & Johnson | 616.90 Bn | 535.42 Bn | 17.26 Bn | 10.12 Bn |
| 3 | AbbVie | 501.56 Bn | 474.68 Bn | 12.70 Bn | 10.56 Bn |
| 4 | Merck | 367.41 Bn | 321.79 Bn | 12.21 Bn | 12.80 Bn |
| 5 | Novartis Ag | 297.75 Bn | 261.74 Bn | 11.24 Bn | 6.09 Bn |
| 6 | Astrazeneca | 261.45 Bn | 235.13 Bn | 12.86 Bn | 9.70 Bn |
| 7 | Amgen | 236.48 Bn | 191.88 Bn | 7.24 Bn | 6.54 Bn |
| 8 | Gilead Sciences | 190.56 Bn | 164.76 Bn | 6.22 Bn | 18.20 Bn |
| 9 | Pfizer | 169.46 Bn | 116.11 Bn | 10.94 Bn | 6.68 Bn |
| 10 | Valneva SE | 471.74 Mn | -84.81 Mn | 1.86 Mn | 25.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.91 Mn |
| Mar 31, 2026 | 27.38 Mn |
| Dec 31, 2025 | 43.85 Mn |
| Sep 30, 2025 | 44.16 Mn |
| Jun 30, 2025 | 31.19 Mn |
| Mar 31, 2025 | 25.16 Mn |
| Dec 31, 2024 | 42.50 Mn |
| Sep 30, 2024 | 31.40 Mn |
| Jun 30, 2024 | 29.86 Mn |
| Mar 31, 2024 | 26.94 Mn |
| Dec 31, 2023 | -8.99 Bn |
| Sep 30, 2023 | 9.16 Bn |
| Jun 30, 2023 | 26.98 Mn |
| Mar 31, 2023 | 25.87 Mn |
| Dec 31, 2022 | -10.74 Bn |
| Sep 30, 2022 | 10.69 Bn |
| Jun 30, 2022 | 44.23 Mn |
| Mar 31, 2022 | 29.70 Mn |
| Dec 31, 2021 | 82.36 Mn |
| Sep 30, 2021 | 58.09 Mn |
API Access
Valneva SE Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VALN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VALN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VALN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();