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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $11.0M, roughly 1.6× C4 Therapeutics, Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -186.0%, a 143.7% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs 8.1%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

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 s...

CCCC vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.6× larger
VLN
$17.3M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+104.7% gap
CCCC
112.8%
8.1%
VLN
Higher net margin
VLN
VLN
143.7% more per $
VLN
-42.2%
-186.0%
CCCC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CCCC
CCCC
VLN
VLN
Revenue
$11.0M
$17.3M
Net Profit
$-20.5M
$-7.3M
Gross Margin
63.0%
Operating Margin
-210.1%
-46.4%
Net Margin
-186.0%
-42.2%
Revenue YoY
112.8%
8.1%
Net Profit YoY
40.7%
29.3%
EPS (diluted)
$-0.09
$-0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CCCC
CCCC
VLN
VLN
Q4 25
$11.0M
Q3 25
$11.2M
$17.3M
Q2 25
$6.5M
$17.1M
Q1 25
$7.2M
$16.8M
Q4 24
$5.2M
Q3 24
$15.4M
$16.0M
Q2 24
$12.0M
$13.6M
Q1 24
$3.0M
Net Profit
CCCC
CCCC
VLN
VLN
Q4 25
$-20.5M
Q3 25
$-32.2M
$-7.3M
Q2 25
$-26.0M
$-7.2M
Q1 25
$-26.3M
$-8.3M
Q4 24
$-34.6M
Q3 24
$-24.7M
$-10.4M
Q2 24
$-17.7M
$-8.9M
Q1 24
$-28.4M
Gross Margin
CCCC
CCCC
VLN
VLN
Q4 25
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q4 24
Q3 24
56.4%
Q2 24
61.4%
Q1 24
Operating Margin
CCCC
CCCC
VLN
VLN
Q4 25
-210.1%
Q3 25
-306.4%
-46.4%
Q2 25
-441.0%
-43.3%
Q1 25
-402.9%
-56.2%
Q4 24
-728.4%
Q3 24
-183.9%
-76.3%
Q2 24
-178.6%
-69.2%
Q1 24
-1060.2%
Net Margin
CCCC
CCCC
VLN
VLN
Q4 25
-186.0%
Q3 25
-286.4%
-42.2%
Q2 25
-402.6%
-42.1%
Q1 25
-363.7%
-49.4%
Q4 24
-667.8%
Q3 24
-160.6%
-64.6%
Q2 24
-147.6%
-65.2%
Q1 24
-933.2%
EPS (diluted)
CCCC
CCCC
VLN
VLN
Q4 25
$-0.09
Q3 25
$-0.44
$-0.07
Q2 25
$-0.37
$-0.07
Q1 25
$-0.37
$-0.08
Q4 24
$-0.50
Q3 24
$-0.35
$-0.10
Q2 24
$-0.26
$-0.08
Q1 24
$-0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CCCC
CCCC
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$74.6M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$108.8M
Total Assets
$359.1M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
VLN
VLN
Q4 25
$74.6M
Q3 25
$58.8M
$93.5M
Q2 25
$78.2M
$102.7M
Q1 25
$51.3M
$112.5M
Q4 24
$55.5M
Q3 24
$59.6M
$133.1M
Q2 24
$73.1M
$105.9M
Q1 24
$89.7M
Stockholders' Equity
CCCC
CCCC
VLN
VLN
Q4 25
$256.6M
Q3 25
$154.4M
$108.8M
Q2 25
$174.1M
$116.5M
Q1 25
$195.1M
$128.6M
Q4 24
$216.0M
Q3 24
$242.7M
$147.0M
Q2 24
$247.1M
$153.5M
Q1 24
$258.3M
Total Assets
CCCC
CCCC
VLN
VLN
Q4 25
$359.1M
Q3 25
$265.5M
$136.7M
Q2 25
$296.5M
$144.8M
Q1 25
$319.5M
$154.6M
Q4 24
$349.6M
Q3 24
$376.1M
$171.9M
Q2 24
$381.1M
$175.8M
Q1 24
$398.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CCCC
CCCC
VLN
VLN
Operating Cash FlowLast quarter
$-22.1M
$-4.7M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-28.5%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
VLN
VLN
Q4 25
$-22.1M
Q3 25
$-31.2M
$-4.7M
Q2 25
$-12.1M
$-211.0K
Q1 25
$-33.3M
$-7.6M
Q4 24
$-17.9M
Q3 24
$-24.1M
$3.0M
Q2 24
$-5.0M
$-225.0K
Q1 24
$-18.1M
Free Cash Flow
CCCC
CCCC
VLN
VLN
Q4 25
Q3 25
$-31.6M
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q4 24
$-17.9M
Q3 24
$-24.1M
$2.2M
Q2 24
$-5.2M
$-460.0K
Q1 24
FCF Margin
CCCC
CCCC
VLN
VLN
Q4 25
Q3 25
-281.5%
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q4 24
-346.5%
Q3 24
-157.2%
14.0%
Q2 24
-43.1%
-3.4%
Q1 24
Capex Intensity
CCCC
CCCC
VLN
VLN
Q4 25
Q3 25
3.7%
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q4 24
0.1%
Q3 24
0.1%
4.5%
Q2 24
1.6%
1.7%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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