Valneva SE VALN Revenue Breakdown

NASDAQ VALN
$5.90 -0.28 (-4.61%)
At close: Oct 1, 2026 · 4:00 PM EDT
Annual revenue breakdowns for Valneva SE, fiscal 2020 to 2024, as reported in its filings.
Annual history

Valneva SE Revenue by Geography

Years FY 2020–2024
Lines 9
FY 2024 Total $169.58M

United States was Valneva SE’s largest region in fiscal 2024, bringing in $48.59M of $169.58M (29%).

Valneva SE revenue by geography, fiscal 2020 to 2024
Geography FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
United Kingdom — $181.13M $20.27M $19.49M
United States $54.79M -$23.80M $32.96M $48.59M
Germany $966.00K $68.53M $13.50M $18.37M
Canada $4.23M $18.90M $28.19M $32.32M
Austria — $21.79M $14.58M $15.90M
France $1.37M $46.61M $5.87M $7.22M
Rest Of World — $17.36M $16.31M $4.69M
Other Europe — $18.74M $9.34M $9.06M
Nordics $2.44M $12.04M $12.70M $13.94M
Total $63.79M $361.30M $153.71M $169.58M
Totals include 1 discontinued line from earlier reporting.

Valneva SE revenue by geography: what the figures show

Valneva SE brought in $169.58M from its nine regions in fiscal 2024, the year ended December 31, 2024. That was up 10.3% from $153.71M in fiscal 2023. United States was the largest at $48.59M (28.7%), ahead of Canada at $32.32M (19.1%) and United Kingdom at $19.49M (11.5%). The other six regions brought in $69.18M combined.

Compared with fiscal 2023, United States grew fastest, up 47.4% to $48.59M, while Rest Of World fell the most, down 71.2% to $4.69M.

Valneva SE began breaking out United Kingdom in fiscal 2022, Austria in fiscal 2022, Rest Of World in fiscal 2022 and Other Europe in fiscal 2022.

Annual history

Valneva SE Revenue by Products & services [axis]

Years FY 2020–2024
Lines 4
FY 2024 Total $163.26M

Ixiaro® was Valneva SE’s largest revenue line in fiscal 2024, bringing in $94.07M of $163.26M (58%).

Valneva SE revenue by products and services [axis], fiscal 2020 to 2024
Products and services [axis] FY 2020 FY 2020 FY 2021 FY 2022 FY 2024
Ixiaro® — $41.40M $94.07M
Third Party Products $15.43M $26.50M $33.19M
Dukoral® — $17.34M $32.30M
Ixchiq® — — $3.70M
Total $62.98M $311.88M $163.26M
Totals include 7 discontinued lines from earlier reporting.

Valneva SE revenue by products and services [axis]: what the figures show

Valneva SE brought in $163.26M from its four revenue lines in fiscal 2024, the year ended December 31, 2024. Valneva SE regrouped these revenue lines after fiscal 2022, so the total does not compare directly with that year's $311.88M. Ixiaro® was the largest at $94.07M (57.6%), ahead of Third Party Products at $33.19M (20.3%) and Dukoral® at $32.30M (19.8%). The remaining revenue line, Ixchiq®, brought in $3.70M.

Compared with fiscal 2022, the previous year with figures, Ixiaro® grew fastest, up 127.2% to $94.07M. Every revenue line above 2% of revenue grew.

Valneva SE began breaking out Ixchiq® in fiscal 2024, when it brought in $3.70M. Valneva SE stopped reporting Covid Vla2001 ($169.20M in fiscal 2022), Lyme Vla15 ($45.90M in fiscal 2022), Ixiaro ($45.12M in fiscal 2021) and four others as separate revenue lines.

Annual history

Valneva SE Revenue by Sales channels [axis]

Years FY 2020–2024
Lines 2
FY 2024 Total $163.25M

Direct Product Sales was Valneva SE’s largest revenue line in fiscal 2024, bringing in $137.89M of $163.25M (84%).

Valneva SE revenue by sales channels [axis], fiscal 2020 to 2024
Sales channels [axis] FY 2020 FY 2021 FY 2024
Direct Product Sales $60.31M $137.89M
Indirect Product Sales — $25.37M
Total $62.98M $163.25M
Totals include 1 discontinued line from earlier reporting.

Valneva SE revenue by sales channels [axis]: what the figures show

Valneva SE brought in $163.25M from its two revenue lines in fiscal 2024, the year ended December 31, 2024. Valneva SE regrouped these revenue lines after fiscal 2021, so the total does not compare directly with that year's $62.98M. Direct Product Sales was the largest at $137.89M (84.5%), ahead of Indirect Product Sales at $25.37M (15.5%).

Valneva SE began breaking out Indirect Product Sales in fiscal 2024, when it brought in $25.37M. Valneva SE stopped reporting Indirect Product Sales (Sales Through Distributors) as a separate revenue line after fiscal 2021, when it brought in $2.68M.

Questions

Valneva SE Revenue Breakdown FAQ

How does Valneva SE make money?

Valneva SE (VALN) reports its revenue by geography, by products and services [axis] and by sales channels [axis]. In fiscal 2024, United States was its largest region, bringing in $48.59M (28.7% of the total), followed by Canada at $32.32M (19.1%).

What is Valneva SE's largest region?

United States was Valneva SE's largest region in fiscal 2024, bringing in $48.59M, or 28.7% of the $169.58M total across its nine regions.

What is Valneva SE's largest revenue line?

Ixiaro® was Valneva SE's largest revenue line in fiscal 2024, bringing in $94.07M, or 57.6% of the $163.26M total across its four revenue lines.

Which Valneva SE region is growing the fastest?

Among Valneva SE's regions that make up at least 2% of revenue, United States grew fastest in fiscal 2024, up 47.4% from $32.96M to $48.59M.

Where does this revenue breakdown data come from?

Every figure comes from Valneva SE's annual financial filings, as reported. Each line keeps the name Valneva SE gives it, and years follow its fiscal calendar.

How far back does Valneva SE's revenue breakdown go?

Valneva SE's revenue by geography goes back to fiscal 2020, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.