Valneva SE annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Valneva SE R&D Spending Growth & History (VLA)
Valneva SE's r&d spending was €85.3M for fiscal 2025.
View full Valneva SE company overviewValneva SE annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €85.3M | €11.2M | +15.05% |
| 2024 | 2024-12-31 | €74.1M | €14.2M | +23.79% |
| 2023 | 2023-12-31 | €59.9M | −€45.0M | −42.92% |
| 2022 | 2022-12-31 | €104.9M | −€68.4M | −39.45% |
| 2021 | 2021-12-31 | €173.3M | €88.8M | +105.18% |
| 2020 | 2020-12-31 | €84.5M | €46.4M | +122.12% |
| 2019 | 2019-12-31 | €38.0M | — | — |
Valneva SE quarterly r&d spending
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
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €15.0M | −€2.5M | −14.12% |
| Q1 2026 | 2026-03-31 | €15.2M | €262,000 | +1.75% |
| Q4 2025 | 2025-12-31 | €25.6M | −€2,000 | −0.01% |
| Q3 2025 | 2025-09-30 | €27.3M | €8.4M | +44.50% |
| Q2 2025 | 2025-06-30 | €17.5M | €936,000 | +5.65% |
| Q1 2025 | 2025-03-31 | €15.0M | €1.8M | +13.88% |
| Q4 2024 | 2024-12-31 | €25.6M | €7.9M | +44.71% |
| Q3 2024 | 2024-09-30 | €18.9M | €2.6M | +16.27% |
| Q2 2024 | 2024-06-30 | €16.6M | €4.6M | +38.94% |
| Q1 2024 | 2024-03-31 | €13.1M | −€934,000 | −6.64% |
| Q4 2023 | 2023-12-31 | €17.7M | −€11.9M | −40.16% |
| Q3 2023 | 2023-09-30 | €16.2M | −€7.3M | −30.89% |
| Q2 2023 | 2023-06-30 | €11.9M | −€19.3M | −61.81% |
| Q1 2023 | 2023-03-31 | €14.1M | −€6.6M | −32.02% |
| Q4 2022 | 2022-12-31 | €29.5M | −€26.5M | −47.30% |
| Q3 2022 | 2022-09-30 | €23.5M | −€15.0M | −38.95% |
| Q2 2022 | 2022-06-30 | €31.2M | −€19.8M | −38.84% |
| Q1 2022 | 2022-03-31 | €20.7M | −€7.0M | −25.40% |
| Q4 2021 | 2021-12-31 | €56.0M | — | — |
| Q3 2021 | 2021-09-30 | €38.5M | — | — |
| Q2 2021 | 2021-06-30 | €51.0M | — | — |
| Q1 2021 | 2021-03-31 | €27.7M | — | — |
Valneva SE r&d spending trends
Over the last five fiscal years, Valneva SE's r&d spending increased from €84.5M to €85.3M, a change of €849,000. The latest reported quarter, Q2 2026, shows €15.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Valneva SE source filings ↗