Valneva SE annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Valneva SE Free Cash Flow (FCF) History (VALN)
Valneva SE reported −€57.3M in free cash flow for fiscal 2025, an increase of €23.8M from the previous fiscal year, with a free cash flow margin of −32.81%.
View full Valneva SE company overviewValneva SE free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −€57.3M | €23.8M | — | −32.81% |
| 2024 | 2024-12-31 | −€81.1M | €135.9M | — | −47.81% |
| 2023 | 2023-12-31 | −€217.0M | €57.6M | — | −141.16% |
| 2022 | 2022-12-31 | −€274.6M | −€259.3M | — | −76.00% |
| 2021 | 2021-12-31 | −€15.3M | −€134.1M | — | −4.40% |
| 2020 | 2020-12-31 | €118.8M | €123.8M | — | +107.69% |
| 2019 | 2019-12-31 | −€5.0M | — | — | −3.94% |
Valneva SE quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −€25.6M | −€31.3M | — | −53.67% |
| Q3 2025 | 2025-09-30 | −€18.1M | −€1.7M | — | −61.58% |
| Q2 2025 | 2025-06-30 | −€4.1M | €34.2M | — | −8.40% |
| Q1 2025 | 2025-03-31 | −€9.6M | €23.4M | — | −19.40% |
| Q4 2024 | 2024-12-31 | €5.7M | €77.5M | — | +10.70% |
| Q3 2024 | 2024-09-30 | −€16.4M | €56.2M | — | −35.76% |
| Q2 2024 | 2024-06-30 | −€38.2M | €6.2M | — | −100.43% |
| Q1 2024 | 2024-03-31 | −€32.9M | −€4.8M | — | −100.54% |
| Q4 2023 | 2023-12-31 | −€71.8M | −€9.2M | — | −171.34% |
| Q3 2023 | 2023-09-30 | −€72.6M | €23.2M | — | −190.67% |
| Q2 2023 | 2023-06-30 | −€44.4M | €35.5M | — | −110.41% |
| Q1 2023 | 2023-03-31 | −€28.2M | €8.1M | — | −84.08% |
| Q4 2022 | 2022-12-31 | −€62.6M | −€79.8M | — | −56.20% |
| Q3 2022 | 2022-09-30 | −€95.8M | −€18.2M | — | −61.15% |
| Q2 2022 | 2022-06-30 | −€79.9M | −€93.8M | — | −112.00% |
| Q1 2022 | 2022-03-31 | −€36.2M | −€67.5M | — | −165.86% |
| Q4 2021 | 2021-12-31 | €17.2M | — | — | +6.18% |
| Q3 2021 | 2021-09-30 | −€77.6M | — | — | −347.26% |
| Q2 2021 | 2021-06-30 | €13.8M | — | — | +57.02% |
| Q1 2021 | 2021-03-31 | €31.2M | — | — | +134.51% |
Valneva SE free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from €118.8M to −€57.3M, a net decrease of €176.1M. Valneva SE's latest reported quarter, Q4 2025, generated −€25.6M in free cash flow, a decrease of €31.3M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Valneva SE filings at SEC.gov ↗