Growth Metrics

Valneva SE (VALN) Research & Development: 2021-2025

Historic Research & Development for Valneva SE (VALN) over the last 5 years, with Sep 2025 value amounting to -$31.9 million.

  • Valneva SE's Research & Development fell 53.82% to -$31.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was $63.7 million, marking a year-over-year increase of 11.68%. This contributed to the annual value of $80.2 million for FY2024, which is 23.86% up from last year.
  • Per Valneva SE's latest filing, its Research & Development stood at -$31.9 million for Q3 2025, which was down 61.15% from -$19.8 million recorded in Q2 2025.
  • Over the past 5 years, Valneva SE's Research & Development peaked at $332.3 million during Q4 2021, and registered a low of -$61.4 million during Q2 2021.
  • Over the past 3 years, Valneva SE's median Research & Development value was -$15.7 million (recorded in 2025), while the average stood at $6.8 million.
  • In the last 5 years, Valneva SE's Research & Development surged by 61.03% in 2023 and then crashed by 53.82% in 2025.
  • Quarterly analysis of 5 years shows Valneva SE's Research & Development stood at $332.3 million in 2021, then slumped by 44.65% to $184.0 million in 2022, then slumped by 40.28% to $109.9 million in 2023, then grew by 19.35% to $131.1 million in 2024, then plummeted by 53.82% to -$31.9 million in 2025.
  • Its Research & Development was -$31.9 million in Q3 2025, compared to -$19.8 million in Q2 2025 and -$15.7 million in Q1 2025.