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Valens Semiconductor

VLN on NYSE. Semiconductors & related devices. Market value $201m.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
-7.1%low

For every $100 of what the whole company costs, it produced $-7.12 of spare cash last year. A savings account pays about $4.

Price to profit
annual report to December 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 20 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$1.88 a share, 71% above its 1-year low

Over the past year the price has ranged from $1.10 to $3.71.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.0
-0.0
-0.0
-0.0
-0.0
20212022202320242025
Revenue
$71m$91m$84m$58m$71m
Operating margin
-38.3%-31.3%-32.0%-71.5%-48.2%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.10bn0.10bn0.10bn0.11bn0.10bn

Health checks

  • Free cash flow positive0 of 5 years
  • Accounting checksSkipped: company is not yet profitable
  • DebtUnknown
  • Revenue growth, five yearsShrinking, 0.0% a year
  • Buying back its own sharesNo, 5% more shares since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 February 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 54 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • Value Base Ltd.
    Insider or founder
    at least 20.8%+1.4 pts
    (filed with 5 related holders)
    Since 20 November 2025
    What they said

    Item 4 of the Schedule 13D is amended to add the following: In consideration for Mr. Yaacobi's services as a director, the Issuer made certain equity grants to Mr. Yaacobi on March 12, 2025 through a company wholly-owned by Mr. Yaacobi. These equity grants were as follows: (1) A…

    Read the filing
  • Value Base Invest Management Ltd., acting as the general partner to Value Base Fund Invest 1, Limited Partnership
    19.4%
    Since 31 October 2024
    What they said

    Item 4 of the Schedule 13D is amended to add the following: In consideration for Mr. Yaacobi's services as a director, the Issuer made certain equity grants to Mr. Yaacobi on September 30, 2024 through a company wholly-owned by Mr. Yaacobi. These equity grants were as follows:…

    Read the filing
  • Yahal Zilka
    Passive investor
    Sold down below 5%
    Since 31 December 2023

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $398,176, $279,995 of it under preset trading plans.

  • Rozenberg Haine Yael
    VP Finance
    Sold
    under a preset trading plan
    Date
    7 August 2026
    Shares
    625
    Price
    $1.70
    Value
    $1,063
  • Rozenberg Haine Yael
    VP Finance
    Sold
    under a preset trading plan
    Date
    23 July 2026
    Shares
    2,750
    Price
    $1.73
    Value
    $4,746
  • Rozenberg Haine Yael
    VP Finance
    Sold
    under a preset trading plan
    Date
    22 July 2026
    Shares
    3,125
    Price
    $1.71
    Value
    $5,357
  • Rozenberg Haine Yael
    VP Finance
    Sold
    under a preset trading plan
    Date
    20 July 2026
    Shares
    1,458
    Price
    $1.71
    Value
    $2,493
  • Yaacobi Tal
    Director
    Sold
    Date
    14 July 2026
    Shares
    3,750
    Price
    $2.00
    Value
    $7,519
  • LICHTMAN MOSHE
    Director
    Sold
    Date
    14 July 2026
    Shares
    3,750
    Price
    $2.00
    Value
    $7,519
  • Yaacobi Tal
    Director
    Sold
    Date
    1 July 2026
    Shares
    1,400
    Price
    $2.22
    Value
    $3,108
  • Chairman David
    SVP, R&D
    Sold
    under a preset trading plan
    Date
    15 June 2026
    Shares
    4,000
    Price
    $2.43
    Value
    $9,720
  • Rozenberg Haine Yael
    VP Finance
    Sold
    under a preset trading plan
    Date
    15 June 2026
    Shares
    18,827
    Price
    $2.35
    Value
    $44,258
  • Yarel - Toledano Adi
    Director
    Sold
    under a preset trading plan
    Date
    29 May 2026
    Shares
    17,225
    Price
    $3.53
    Value
    $60,804

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • Sales have shrunk: 0.0% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.