Valens Semiconductor (VLN) investor relations material

Executive summary

• Achieved Q4 2025 revenue of $19.4 million, surpassing guidance and marking the seventh consecutive quarter of growth; full-year 2025 revenue reached $70.6 million, up 22% year-over-year and exceeding guidance.

• Over 50 million chipsets sold in 2025, with 134 patents held.

• Focused on high-performance connectivity for automotive, audio/video, industrial, and medical markets, leveraging new chipsets and design wins.

• Announced a 10% workforce reduction and operational efficiency plan to save $5 million annually.

• Expanded design wins in automotive and medical imaging, including a fourth MIPI A-PHY win with a premium Chinese OEM and new partnerships.

Financial highlights

• Full-year 2025 revenue was $70.6 million, up from $57.9 million in 2024; Q4 2025 revenue was $19.4 million.

• Full-year 2025 GAAP gross margin was 62.4% (non-GAAP: 66.1%); Q4 2025 gross margin was 60.5% (non-GAAP: 63.9%).

• Adjusted EBITDA loss for 2025 was $16.9 million, improved from $21.1 million in 2024; Q4 2025 adjusted EBITDA loss was $4.3 million.

• Full-year 2025 GAAP net loss was $31.6 million, improved from $36.6 million in 2024.

• Ended 2025 with $92.6 million in cash and short-term deposits, no debt; $24 million spent on share repurchases.

Outlook and guidance

• 2026 revenue expected between $75 million and $77 million, reflecting about 8% growth over 2025.

• Q1 2026 revenue guidance is $16.3 million–$16.7 million; gross margin expected at 57%–59%; adjusted EBITDA loss projected at $7.9 million–$7.5 million.

• Guidance reflects macroeconomic uncertainty and reduced visibility beyond the near term.