Valneva SE (VALN) Research & Development (2021 - 2026)

Valneva SE has reported Research & Development for 6 years, with the latest figure at -$17.8 million in Q1 2026.

• Quarterly Research & Development fell 13.25% year-over-year to -$17.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $99.3 million (up 29.26% YoY) and the FY2025 annual result came in at $99.3 million, up 23.74% from the prior year.
• Research & Development slipped to -$17.8 million in Q1 2026 per VALN's latest filing, from $168.8 million in the prior quarter.
• Over five years, Research & Development peaked at $184.0 million in Q4 2022 and troughed at -$33.3 million in Q2 2022.
• A 5-year average of $19.4 million and a median of -$17.7 million in 2023 frame the typical range for Research & Development.
• The sharpest annual moves came in 2023 and 2025: Research & Development jumped 61.03% in 2023, then tumbled 53.82% in 2025.
• Over 5 years, Research & Development stood at $184.0 million in 2022, then sank by 40.28% to $109.9 million in 2023, then climbed by 19.35% to $131.1 million in 2024, then climbed by 28.75% to $168.8 million in 2025, then slumped by 110.55% to -$17.8 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$17.8 million, $168.8 million, and -$31.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.