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Side-by-side financial comparison of Granite Point Mortgage Trust Inc. (GPMT) and Valneva SE (VALN). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $29.1M, roughly 1.2× Granite Point Mortgage Trust Inc.). Valneva SE runs the higher net margin — -54.1% vs -81.9%, a 27.8% gap on every dollar of revenue.

Granite Point Mortgage Trust Inc. is a U.S.-based real estate finance company that primarily originates, manages and invests in senior secured commercial real estate debt instruments. Its core portfolio covers loans backed by multifamily, office, industrial, retail and other commercial property types across key U.S. regional markets, serving institutional and commercial real estate operator clients.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

GPMT vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.2× larger
VALN
$36.2M
$29.1M
GPMT
Higher net margin
VALN
VALN
27.8% more per $
VALN
-54.1%
-81.9%
GPMT

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
GPMT
GPMT
VALN
VALN
Revenue
$29.1M
$36.2M
Net Profit
$-23.8M
$-19.6M
Gross Margin
38.9%
Operating Margin
-81.9%
-49.5%
Net Margin
-81.9%
-54.1%
Revenue YoY
-24.9%
Net Profit YoY
38.7%
EPS (diluted)
$-0.58

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
GPMT
GPMT
VALN
VALN
Q4 25
$29.1M
Q3 25
$33.7M
Q2 25
$33.8M
Q1 25
$35.1M
Q4 24
$38.7M
Q3 24
$44.3M
Q2 24
$48.5M
Q1 24
$12.5M
Net Profit
GPMT
GPMT
VALN
VALN
Q4 25
$-23.8M
Q3 25
$3.0M
Q2 25
$-13.4M
Q1 25
$-7.0M
Q4 24
$-38.8M
Q3 24
$-31.0M
Q2 24
$-63.1M
Q1 24
$-74.1M
Operating Margin
GPMT
GPMT
VALN
VALN
Q4 25
-81.9%
Q3 25
9.2%
Q2 25
-39.5%
Q1 25
-19.8%
Q4 24
-100.3%
Q3 24
-70.0%
Q2 24
-130.1%
Q1 24
-591.9%
Net Margin
GPMT
GPMT
VALN
VALN
Q4 25
-81.9%
Q3 25
9.0%
Q2 25
-39.5%
Q1 25
-20.0%
Q4 24
-100.3%
Q3 24
-70.0%
Q2 24
-130.1%
Q1 24
-591.9%
EPS (diluted)
GPMT
GPMT
VALN
VALN
Q4 25
$-0.58
Q3 25
$-0.01
Q2 25
$-0.35
Q1 25
$-0.22
Q4 24
$-0.86
Q3 24
$-0.69
Q2 24
$-1.31
Q1 24
$-1.53

Balance Sheet & Financial Strength

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

Metric
GPMT
GPMT
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$66.0M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$552.7M
$221.2M
Total Assets
$1.8B
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPMT
GPMT
VALN
VALN
Q4 25
$66.0M
Q3 25
$62.7M
Q2 25
$85.1M
Q1 25
$85.7M
Q4 24
$87.8M
Q3 24
$113.5M
Q2 24
$85.9M
Q1 24
$155.2M
Stockholders' Equity
GPMT
GPMT
VALN
VALN
Q4 25
$552.7M
Q3 25
$582.0M
Q2 25
$584.2M
Q1 25
$604.7M
Q4 24
$619.1M
Q3 24
$667.8M
Q2 24
$704.6M
Q1 24
$774.1M
Total Assets
GPMT
GPMT
VALN
VALN
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.9B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.3B
Q2 24
$2.5B
Q1 24
$2.7B

Cash Flow & Capital Efficiency

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

Metric
GPMT
GPMT
VALN
VALN
Operating Cash FlowLast quarter
$2.7M
$-26.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPMT
GPMT
VALN
VALN
Q4 25
$2.7M
Q3 25
$4.5M
Q2 25
$736.0K
Q1 25
$-5.7M
Q4 24
$8.8M
Q3 24
$6.1M
Q2 24
$987.0K
Q1 24
$1.7M
Cash Conversion
GPMT
GPMT
VALN
VALN
Q4 25
Q3 25
1.49×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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