VLN on NYSE

Valens Semiconductor

Israeli company

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard.3 Its shares trade on NYSE under the symbol VLN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

$70.6MRevenue, fiscal 20254
-$31.6MNet income, fiscal 20254
2006Founded1

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  • TickerVLN on NYSE1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersHod HaSharon1
  • Websitewww.valens.com
  • Incorporated inIsrael5
  • Business address8 Hanagar St. Pob 7152, Hod Hasharon, 4501309, L3 000005
  • Filer categoryAccelerated filer, Emerging growth company5

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT standard and is a co-founder of the HDBaseT Alliance.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

62.4%Gross margin4
-48.2%Operating margin4
-44.7%Net margin4
22.1%Revenue growth, 20254
-30.1%Return on equity4
-$13.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Cross Industry Business brought in 73% of the revenue Valens Semiconductor broke down this way in fiscal 2025.

  1. Cross Industry Business$51.7M473%up 42% from 2024
  2. Automotive$19.0M427%down 12% from 2024
Business segments by year
Business segments202320242025
Cross Industry Business$57.4M$36.3M$51.7M
Automotive$26.8M$21.6M$19.0M

Regions

Other Geographical Areas brought in 28% of the revenue Valens Semiconductor broke down this way in fiscal 2025.

  1. Other Geographical Areas$20.0M428%up 71% from 2024
  2. China$10.6M415%up 14% from 2024
  3. United States$9.6M414%up 25% from 2024
  4. PT$9.2M413%up 18% from 2024
  5. Hong Kong$9.1M413%up 62% from 2024
  6. HU$9.0M413%down 29% from 2024
  7. Germany$2.6M44%up 7% from 2024
  8. Israel$470.0K41%down 32% from 2024
Regions by year
Regions202320242025
Other Geographical Areas$26.1M$11.7M$20.0M
China$9.6M$9.3M$10.6M
United States$7.3M$7.7M$9.6M
PT$1.4M$7.8M$9.2M
Hong Kong$7.2M$5.6M$9.1M
HU$21.1M$12.6M$9.0M
Germany$8.3M$2.4M$2.6M
Israel$3.1M$696.0K$470.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue32¢$26.5M
  • Research and development51¢$42.7M
  • Selling, general and admin17¢$14.3M
  • Income tax0¢$158.0K

Out of $70.6M in revenue.4 The company lost money this year.

Financial statements

Revenue789104$70.6M in 2025+18% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $60.0M$60.0M20192020: $56.9M$56.9M2020−5%2021: $70.7M$70.7M2021+24%2022: $90.7M$90.7M2022+28%2023: $84.2M$84.2M2023−7%2024: $57.9M$57.9M2024−31%2025: $70.6M$70.6M2025+22%
Gross profit789104$44.1M in 2025−7% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $47.5M$47.5M20192020: $43.5M$43.5M2020−8%2021: $50.6M$50.6M2021+16%2022: $63.4M$63.4M2022+25%2023: $52.6M$52.6M2023−17%2024: $34.3M$34.3M2024−35%2025: $44.1M$44.1M2025+29%
Operating income789104-$34.1M in 2025+22% since 2019
-$60.0M-$40.0M-$20.0M02019: -$28.0M-$28.0M20192020: -$22.8M-$22.8M2020−19%2021: -$27.1M-$27.1M2021+19%2022: -$28.4M-$28.4M2022+5%2023: -$26.9M-$26.9M2023−5%2024: -$41.3M-$41.3M2024+54%2025: -$34.1M-$34.1M2025−18%
Net income789104-$31.6M in 2025+22% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$25.9M-$25.9M20192020: -$19.6M-$19.6M2020−24%2021: -$26.5M-$26.5M2021+35%2022: -$27.7M-$27.7M2022+4%2023: -$19.7M-$19.7M2023−29%2024: -$36.6M-$36.6M2024+86%2025: -$31.6M-$31.6M2025−14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
REVENUES$70.6M$57.9M$84.2M
COST OF REVENUES-$26.5M-$23.6M-$31.6M
GROSS PROFIT$44.1M$34.3M$52.6M
Research and development expenses-$42.7M-$40.5M-$48.2M
Sales and marketing expenses-$21.4M-$18.3M-$17.3M
General and administrative expenses-$14.3M-$16.5M-$14.0M
Change in earnout liability$169.0K-$377.0K
TOTAL OPERATING EXPENSES-$78.1M-$75.6M-$79.5M
OPERATING LOSS-$34.1M-$41.3M-$26.9M
Change in fair value of Forfeiture Shares$1.0K$37.0K$1.7M
Financial income, net$2.6M$4.8M$5.6M
LOSS BEFORE INCOME TAXES-$31.4M-$36.5M-$19.6M
INCOME TAXES-$158.0K-$96.0K-$112.0K
LOSS AFTER INCOME TAXES-$31.6M-$36.6M-$19.7M
Equity in earnings of investee$9.0K$23.0K$18.0K
NET LOSS-$31.6M-$36.6M-$19.7M
Basic net loss per Ordinary Share (in Dollars per share)-$0.31-$0.35-$0.19
Diluted net loss per ordinary share (in Dollars per share)-$0.31-$0.35-$0.19
Weighted average number of shares and vested RSUs used in computing net loss per Ordinary Share (in Shares)103.1M shares105.5M shares102.0M shares
Change in unrealized gain (loss) on cash flow hedges-$172.0K$601.0K
TOTAL COMPREHENSIVE LOSS-$31.8M-$36.0M-$19.7M

Compare Valens Semiconductor with another company

Corporate structure

Valens Semiconductor sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Valens Semiconductor

  • Value Base Ltd. Filed SCHEDULE 13D/A on Valens Semiconductor, latest Nov 24, 2025 (8 filings since Sep 28, 2023)
  • Yahal Zilka Filed SCHEDULE 13G/A on Valens Semiconductor, latest Apr 2, 2025 (4 filings since Feb 8, 2022)
  • Linse Capital VAL LLC Filed SC 13G/A on Valens Semiconductor, latest Nov 21, 2024 (2 filings since Feb 11, 2022)
  • Eyal Kishon Filed SC 13G/A on Valens Semiconductor, latest Feb 14, 2024 (3 filings since Feb 9, 2022)
  • PTK Holdings LLC Filed SC 13G/A on Valens Semiconductor, latest Feb 13, 2023 (2 filings since Jan 31, 2022)
  • GIC Private Limited Filed SC 13G/A on Valens Semiconductor, latest Feb 9, 2023 (2 filings since Oct 12, 2021)
  • Valens Semiconductor Hod HaSharon

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Valens Semiconductor reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.0M4 Dec 31, 2025$13.8M4 Dec 31, 2024+8.5%
Accumulated depreciation$12.1M4 Dec 31, 2025$10.2M4 Dec 31, 2024+17.8%
Property and equipment, net$2.9M4 Dec 31, 2025$3.6M4 Dec 31, 2024−18.4%
Operating-lease assets (leased space)$6.9M4 Dec 31, 2025$7.5M4 Dec 31, 2024−7.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$27.9M4 Dec 31, 2025$35.4M4 Dec 31, 2024−21.3%
Marketable securities, current$64.7M4 Dec 31, 2025$95.5M4 Dec 31, 2024−32.2%
Stakes in other companies (equity method)$16.0K4 Dec 31, 2025$33.0K4 Dec 31, 2024−51.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.8M4 Dec 31, 2025$1.8M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$3.8M4 Dec 31, 2025$4.7M4 Dec 31, 2024−20.0%
Finite-lived intangibles, gross$5.2M4 Dec 31, 2025$5.2M4 Dec 31, 20240%
Accumulated amortization$1.5M4 Dec 31, 2025$548.0K4 Dec 31, 2024+171.5%
Finite-lived intangibles, net$3.8M4 Dec 31, 2025$4.7M4 Dec 31, 2024−20.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$10.1M4 Dec 31, 2025$10.2M4 Dec 31, 2024−0.4%
Work in process$5.0M4 Dec 31, 2025$4.5M4 Dec 31, 2024+10.1%
Finished goods$5.1M4 Dec 31, 2025$5.6M4 Dec 31, 2024−8.9%

The story

In January 2009, HDBaseT products were first demonstrated at the Consumer Electronics Show in Las Vegas.

In September 2015, Valens won the Technology & Engineering Emmy Award, given by the National Academy of Television Arts and Sciences (NATAS) for outstanding achievement in the development and Standardization of HDBaseT Connectivity Technology for Commercial and Residential HDMI/DVI Installations.

In January 2016, Valens announced its intention to branch out and offer its chipsets to the automotive market, partnering with General Motors, Delphi Automotive, and Daimler AG.

In June 2017, Valens introduced the VA6000 chipset family for automotive applications. The VA6000 uses the principle of multi-format aggregation over a single unshielded twisted pair cable with a length of up to 15 meters. The chipsets are integrated in the Mercedes-Benz S-Class, which was launched in September 2020.

In June 2019, the HDBaseT Alliance announced Spec 3.0, which maintained all the features of Spec 2.0 and increased bandwidth over the HDBaseT link to support uncompressed HDMI 2.0 (4K@60 4:4:4), 1Gbps Ethernet, and enhanced USB performance. Valens introduced the VS3000 Stello in June 2019 as well – a chipset family compliant with the HDBaseT Spec 3.0.

In June 2019, the MIPI Alliance announced that Valens’ technology was selected as the foundation for its Automotive Physical Layer standard (A-PHY). The standard will be used by the automotive industry to provide high-speed links for cameras, radars, LiDARs and displays for advanced driver-assistance systems and autonomous driving systems. A-PHY was adopted by the IEEE in July 2021.

From Wikipedia’s article on Valens Semiconductor, shared under CC BY-SA 4.0.6

Leadership

Who has led Valens Semiconductor, and when. Pick a name to see everywhere that person has worked.

2010201520202025
Board members and other officers (16)

Products and brands

Valens' HDBaseT technology is used for transmitting uncompressed high quality images and audio from the base stations, potentially up to a distance of 100 meters (328 ft) through a single cable, to remote displays as a part of its 5PlayTM system. HDBaseT is transmitted over category 6a cables with 8P8C modular connectors of the type commonly used for Ethernet local area network connections. HDBaseT transmits uncompressed ultra-high-definition video (up to 4K), audio, power over HDBaseT (PoH - up to 100W), Ethernet, USB, and a series of controls such as RS and IR.

HDBaseT is complementary to standards such as HDMI, and it is an alternative to radio frequency, coaxial cable, composite video, S-Video, SCART, component video, D-Terminal, or VGA. HDBaseT connects and networks CE devices such as set-top boxes except Cisco and Scientific Atlantic boxes, DVD players, Blu-ray Disc players, personal computers (PCs), video game consoles, switches, matrices, projectors, and AV receivers to compatible digital audio devices, computer monitors, and digital televisions.

From Wikipedia’s article on Valens Semiconductor, shared under CC BY-SA 4.0.6

Timeline

  1. Mar 20, 2026New chief executive Yoram Salinger becomes CEO11
  2. 2006Founded Founded1

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.08) a share, on Nov 12, 2025.30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

271 filings to the SEC since October 2021: 6 annual reports, 45 insider forms, 21 large holders, 199 other. The latest 20:

  1. Oct 15, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 15, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 14, 2026144 EDGAR
  4. Oct 14, 2026144 EDGAR
  5. Sep 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Sep 17, 20263 PRIMARY DOCUMENT EDGAR
  7. Sep 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Sep 10, 20263 PRIMARY DOCUMENT EDGAR
  9. Aug 19, 20263 PRIMARY DOCUMENT EDGAR
  10. Aug 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Aug 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Aug 11, 202625-NSE EDGAR
  13. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  14. Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Jul 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Jul 23, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 21, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 271 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 0 buys and 24 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 7, 2026Rozenberg Haine YaelVP FinanceSale625$1.70$1.1KForm 4
Jul 23, 2026Rozenberg Haine YaelVP FinanceSale2,750$1.73$4.8KForm 4
Jul 22, 2026Rozenberg Haine YaelVP FinanceSale3,125$1.71$5.3KForm 4
Jul 20, 2026Rozenberg Haine YaelVP FinanceSale1,458$1.71$2.5KForm 4
Jul 14, 2026Yaacobi TalDirectorSale3,750$2.01$7.5KForm 4
Jul 14, 2026LICHTMAN MOSHEDirectorSale3,750$2.01$7.5KForm 4
Jul 1, 2026Yaacobi TalDirectorSale1,400$2.22$3.1KForm 4
Jun 15, 2026Chairman DavidSVP, R&DSale4,000$2.43$9.7KForm 4
Jun 15, 2026Rozenberg Haine YaelVP FinanceSale18,827$2.35$44.3KForm 4
May 29, 2026Yarel - Toledano AdiDirectorSale17,225$3.53$60.8KForm 4
May 29, 2026Boim AmirSVP, Operations and PMOSale8,507$3.55$30.2KForm 4
May 28, 2026Yarel - Toledano AdiDirectorSale5,100$3.50$17.9KForm 4
May 28, 2026Boim AmirSVP, Operations and PMOSale1,431$3.50$5.0KForm 4
May 13, 2026Chairman DavidSVP, R&DSale4,000$2.98$11.9KForm 4
May 13, 2026Yarel - Toledano AdiDirectorSale19,179$3.02$57.9KForm 4
May 8, 2026Chairman DavidSVP, R&DSale4,000$2.54$10.2KForm 4
Apr 30, 2026Yarel - Toledano AdiDirectorSale38,358$2.28$87.5KForm 4
Apr 23, 2026Chairman DavidSVP, R&DSale3,600$1.67$6.0KForm 4
Apr 22, 2026Chairman DavidSVP, R&DSale400$1.65$660Form 4
Apr 16, 2026Yaacobi TalDirectorSale3,750$1.47$5.5KForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Valens Semiconductor is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARValens Semiconductor Ltd.2
  • CIK0001863006
  • Filer statusAccelerated filer an emerging growth company; not a shell company37
  • Incorporated inIsrael37
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address8 Hanagar St. Pob 7152, Hod Hasharon, 4501309, L3 000002
  • Phone972-9-762-69002
  • Shares outstanding103,050,266 shares as of Dec 31, 202537
  • AuditorKesselman & Kesselman, Tel-Aviv, Israel PCAOB ID 1309; no auditor attestation of internal control over financial reporting37
  • On EDGAR sinceMay 25, 20212
  • Filings296 in all: 6-K (114), 144 (70), 4 (26), 3 (19), SC 13G/A (10), 425 (6), CORRESP (6), SC 13G (6)2
    All 26 form types

    20-F (5), 424B3 (5), S-8 (5), EFFECT (4), F-4/A (3), UPLOAD (3), POS AM (2), SCHEDULE 13D/A (2), 144/A (1), 20-F/A (1), 25-NSE (1), 8-A12B (1), CERT (1), F-1 (1), F-4 (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Feb 25, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, no par valueVLNThe New York Stock Exchange
Warrants to purchase ordinary sharesVLNWThe New York Stock Exchange

From the cover page of the 20-F filed Feb 25, 2026 (Section 12(b) of the Exchange Act).37

Sources

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