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Side-by-side financial comparison of LZ Technology Holdings Ltd (LZMH) and Valneva SE (VALN). Click either name above to swap in a different company.

LZ Technology Holdings Ltd is the larger business by last-quarter revenue ($57.8M vs $36.2M, roughly 1.6× Valneva SE). LZ Technology Holdings Ltd runs the higher net margin — -10.5% vs -54.1%, a 43.6% gap on every dollar of revenue.

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.

LZMH vs VALN — Head-to-Head

Bigger by revenue
LZMH
LZMH
1.6× larger
LZMH
$57.8M
$36.2M
VALN
Higher net margin
LZMH
LZMH
43.6% more per $
LZMH
-10.5%
-54.1%
VALN

Income Statement — Q2 FY2025 vs Q1 FY2023

Metric
LZMH
LZMH
VALN
VALN
Revenue
$57.8M
$36.2M
Net Profit
$-6.0M
$-19.6M
Gross Margin
3.0%
38.9%
Operating Margin
-10.1%
-49.5%
Net Margin
-10.5%
-54.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.04

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
LZMH
LZMH
VALN
VALN
Q2 25
$57.8M
Q1 23
$36.2M
Q2 22
$93.2M
Net Profit
LZMH
LZMH
VALN
VALN
Q2 25
$-6.0M
Q1 23
$-19.6M
Q2 22
Gross Margin
LZMH
LZMH
VALN
VALN
Q2 25
3.0%
Q1 23
38.9%
Q2 22
Operating Margin
LZMH
LZMH
VALN
VALN
Q2 25
-10.1%
Q1 23
-49.5%
Q2 22
-161.3%
Net Margin
LZMH
LZMH
VALN
VALN
Q2 25
-10.5%
Q1 23
-54.1%
Q2 22
EPS (diluted)
LZMH
LZMH
VALN
VALN
Q2 25
$-0.04
Q1 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
LZMH
LZMH
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$2.2M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.5M
$221.2M
Total Assets
$71.5M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LZMH
LZMH
VALN
VALN
Q2 25
$2.2M
Q1 23
$274.8M
Q2 22
$363.1M
Stockholders' Equity
LZMH
LZMH
VALN
VALN
Q2 25
$9.5M
Q1 23
$221.2M
Q2 22
$100.7M
Total Assets
LZMH
LZMH
VALN
VALN
Q2 25
$71.5M
Q1 23
$637.2M
Q2 22
$783.1M

Cash Flow & Capital Efficiency

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

Metric
LZMH
LZMH
VALN
VALN
Operating Cash FlowLast quarter
$-6.7M
$-26.3M
Free Cash FlowOCF − Capex
$-6.8M
FCF MarginFCF / Revenue
-11.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LZMH
LZMH
VALN
VALN
Q2 25
$-6.7M
Q1 23
$-26.3M
Q2 22
Free Cash Flow
LZMH
LZMH
VALN
VALN
Q2 25
$-6.8M
Q1 23
Q2 22
FCF Margin
LZMH
LZMH
VALN
VALN
Q2 25
-11.7%
Q1 23
Q2 22
Capex Intensity
LZMH
LZMH
VALN
VALN
Q2 25
0.0%
Q1 23
Q2 22

Financial Flow Comparison

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

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