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Side-by-side financial comparison of Cellectis S.A. (CLLS) 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 $9.5M, roughly 1.8× Cellectis S.A.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -265.9%, a 223.7% gap on every dollar of revenue. On growth, Cellectis S.A. posted the faster year-over-year revenue change (375.0% vs 8.1%). Cellectis S.A. produced more free cash flow last quarter ($27.6M vs $-4.9M).

Cellectis is a French biopharmaceutical company. It develops genome-edited chimeric antigen receptor T-cell technologies for cancer immunotherapy. It has offices in Paris, New York City, and Raleigh, North Carolina.

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...

CLLS vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.8× larger
VLN
$17.3M
$9.5M
CLLS
Growing faster (revenue YoY)
CLLS
CLLS
+366.9% gap
CLLS
375.0%
8.1%
VLN
Higher net margin
VLN
VLN
223.7% more per $
VLN
-42.2%
-265.9%
CLLS
More free cash flow
CLLS
CLLS
$32.6M more FCF
CLLS
$27.6M
$-4.9M
VLN

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
CLLS
CLLS
VLN
VLN
Revenue
$9.5M
$17.3M
Net Profit
$-25.3M
$-7.3M
Gross Margin
63.0%
Operating Margin
-181.1%
-46.4%
Net Margin
-265.9%
-42.2%
Revenue YoY
375.0%
8.1%
Net Profit YoY
-51.9%
29.3%
EPS (diluted)
$-0.28
$-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
CLLS
CLLS
VLN
VLN
Q3 25
$17.3M
Q2 25
$17.1M
Q1 25
$16.8M
Q3 24
$16.0M
Q2 24
$9.5M
$13.6M
Q3 23
$1.6M
Q2 23
$2.0M
$24.2M
Q2 22
$2.7M
$22.5M
Net Profit
CLLS
CLLS
VLN
VLN
Q3 25
$-7.3M
Q2 25
$-7.2M
Q1 25
$-8.3M
Q3 24
$-10.4M
Q2 24
$-25.3M
$-8.9M
Q3 23
$-17.5M
Q2 23
$-16.6M
$-4.6M
Q2 22
$-19.5M
$-10.0M
Gross Margin
CLLS
CLLS
VLN
VLN
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q3 24
56.4%
Q2 24
61.4%
Q3 23
Q2 23
97.3%
61.8%
Q2 22
87.9%
70.2%
Operating Margin
CLLS
CLLS
VLN
VLN
Q3 25
-46.4%
Q2 25
-43.3%
Q1 25
-56.2%
Q3 24
-76.3%
Q2 24
-181.1%
-69.2%
Q3 23
-1258.1%
Q2 23
-1180.5%
-21.4%
Q2 22
-1003.0%
-35.3%
Net Margin
CLLS
CLLS
VLN
VLN
Q3 25
-42.2%
Q2 25
-42.1%
Q1 25
-49.4%
Q3 24
-64.6%
Q2 24
-265.9%
-65.2%
Q3 23
-1064.1%
Q2 23
-831.6%
-19.0%
Q2 22
-714.4%
-44.5%
EPS (diluted)
CLLS
CLLS
VLN
VLN
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.08
Q3 24
$-0.10
Q2 24
$-0.28
$-0.08
Q3 23
$-0.31
Q2 23
$-0.20
$-0.05
Q2 22
$-0.42
$-0.10

Balance Sheet & Financial Strength

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

Metric
CLLS
CLLS
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$149.0M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$148.6M
$108.8M
Total Assets
$407.1M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLLS
CLLS
VLN
VLN
Q3 25
$93.5M
Q2 25
$102.7M
Q1 25
$112.5M
Q3 24
$133.1M
Q2 24
$149.0M
$105.9M
Q3 23
Q2 23
$84.4M
$138.0M
Q2 22
$129.4M
$46.6M
Stockholders' Equity
CLLS
CLLS
VLN
VLN
Q3 25
$108.8M
Q2 25
$116.5M
Q1 25
$128.6M
Q3 24
$147.0M
Q2 24
$148.6M
$153.5M
Q3 23
$76.1M
Q2 23
$96.6M
$166.3M
Q2 22
$180.5M
$173.2M
Total Assets
CLLS
CLLS
VLN
VLN
Q3 25
$136.7M
Q2 25
$144.8M
Q1 25
$154.6M
Q3 24
$171.9M
Q2 24
$407.1M
$175.8M
Q3 23
$209.7M
Q2 23
$227.7M
$184.3M
Q2 22
$320.9M
$196.2M

Cash Flow & Capital Efficiency

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

Metric
CLLS
CLLS
VLN
VLN
Operating Cash FlowLast quarter
$28.9M
$-4.7M
Free Cash FlowOCF − Capex
$27.6M
$-4.9M
FCF MarginFCF / Revenue
290.5%
-28.5%
Capex IntensityCapex / Revenue
13.2%
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
CLLS
CLLS
VLN
VLN
Q3 25
$-4.7M
Q2 25
$-211.0K
Q1 25
$-7.6M
Q3 24
$3.0M
Q2 24
$28.9M
$-225.0K
Q3 23
Q2 23
$-47.4M
$358.0K
Q2 22
$-60.2M
$-4.3M
Free Cash Flow
CLLS
CLLS
VLN
VLN
Q3 25
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q3 24
$2.2M
Q2 24
$27.6M
$-460.0K
Q3 23
Q2 23
$-47.9M
$-419.0K
Q2 22
$-61.7M
$-4.5M
FCF Margin
CLLS
CLLS
VLN
VLN
Q3 25
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q3 24
14.0%
Q2 24
290.5%
-3.4%
Q3 23
Q2 23
-2391.4%
-1.7%
Q2 22
-2266.7%
-20.0%
Capex Intensity
CLLS
CLLS
VLN
VLN
Q3 25
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q3 24
4.5%
Q2 24
13.2%
1.7%
Q3 23
Q2 23
24.1%
3.2%
Q2 22
56.6%
1.1%

Financial Flow Comparison

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

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