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Side-by-side financial comparison of Protalix BioTherapeutics, Inc. (PLX) 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 $9.1M, roughly 1.9× Protalix BioTherapeutics, Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -60.3%, a 18.1% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -49.9%). Protalix BioTherapeutics, Inc. produced more free cash flow last quarter ($1.6M vs $-4.9M).

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

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...

PLX vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.9× larger
VLN
$17.3M
$9.1M
PLX
Growing faster (revenue YoY)
VLN
VLN
+58.0% gap
VLN
8.1%
-49.9%
PLX
Higher net margin
VLN
VLN
18.1% more per $
VLN
-42.2%
-60.3%
PLX
More free cash flow
PLX
PLX
$6.6M more FCF
PLX
$1.6M
$-4.9M
VLN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PLX
PLX
VLN
VLN
Revenue
$9.1M
$17.3M
Net Profit
$-5.5M
$-7.3M
Gross Margin
49.4%
63.0%
Operating Margin
-51.1%
-46.4%
Net Margin
-60.3%
-42.2%
Revenue YoY
-49.9%
8.1%
Net Profit YoY
-184.8%
29.3%
EPS (diluted)
$-0.06
$-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
PLX
PLX
VLN
VLN
Q4 25
$9.1M
Q3 25
$17.9M
$17.3M
Q2 25
$15.7M
$17.1M
Q1 25
$10.1M
$16.8M
Q4 24
$18.2M
Q3 24
$18.0M
$16.0M
Q2 24
$13.5M
$13.6M
Q4 23
$10.5M
Net Profit
PLX
PLX
VLN
VLN
Q4 25
$-5.5M
Q3 25
$2.4M
$-7.3M
Q2 25
$164.0K
$-7.2M
Q1 25
$-3.6M
$-8.3M
Q4 24
$6.5M
Q3 24
$3.2M
$-10.4M
Q2 24
$-2.2M
$-8.9M
Q4 23
$-6.0M
Gross Margin
PLX
PLX
VLN
VLN
Q4 25
49.4%
Q3 25
53.4%
63.0%
Q2 25
62.5%
63.5%
Q1 25
19.1%
62.9%
Q4 24
78.7%
Q3 24
53.4%
56.4%
Q2 24
29.8%
61.4%
Q4 23
15.5%
Operating Margin
PLX
PLX
VLN
VLN
Q4 25
-51.1%
Q3 25
11.9%
-46.4%
Q2 25
7.5%
-43.3%
Q1 25
-41.0%
-56.2%
Q4 24
39.6%
Q3 24
22.2%
-76.3%
Q2 24
-18.0%
-69.2%
Q4 23
-53.5%
Net Margin
PLX
PLX
VLN
VLN
Q4 25
-60.3%
Q3 25
13.2%
-42.2%
Q2 25
1.0%
-42.1%
Q1 25
-35.8%
-49.4%
Q4 24
35.6%
Q3 24
18.0%
-64.6%
Q2 24
-16.4%
-65.2%
Q4 23
-57.6%
EPS (diluted)
PLX
PLX
VLN
VLN
Q4 25
$-0.06
Q3 25
$0.03
$-0.07
Q2 25
$0.00
$-0.07
Q1 25
$-0.05
$-0.08
Q4 24
$0.10
Q3 24
$0.03
$-0.10
Q2 24
$-0.03
$-0.08
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
PLX
PLX
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$14.7M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.2M
$108.8M
Total Assets
$82.3M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLX
PLX
VLN
VLN
Q4 25
$14.7M
Q3 25
$13.6M
$93.5M
Q2 25
$17.9M
$102.7M
Q1 25
$19.5M
$112.5M
Q4 24
$19.8M
Q3 24
$27.4M
$133.1M
Q2 24
$23.4M
$105.9M
Q4 23
$23.6M
Stockholders' Equity
PLX
PLX
VLN
VLN
Q4 25
$48.2M
Q3 25
$52.9M
$108.8M
Q2 25
$49.9M
$116.5M
Q1 25
$45.2M
$128.6M
Q4 24
$43.2M
Q3 24
$32.4M
$147.0M
Q2 24
$28.6M
$153.5M
Q4 23
$33.6M
Total Assets
PLX
PLX
VLN
VLN
Q4 25
$82.3M
Q3 25
$82.3M
$136.7M
Q2 25
$78.5M
$144.8M
Q1 25
$73.9M
$154.6M
Q4 24
$73.4M
Q3 24
$61.6M
$171.9M
Q2 24
$91.5M
$175.8M
Q4 23
$84.4M

Cash Flow & Capital Efficiency

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

Metric
PLX
PLX
VLN
VLN
Operating Cash FlowLast quarter
$2.0M
$-4.7M
Free Cash FlowOCF − Capex
$1.6M
$-4.9M
FCF MarginFCF / Revenue
17.8%
-28.5%
Capex IntensityCapex / Revenue
4.4%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLX
PLX
VLN
VLN
Q4 25
$2.0M
Q3 25
$-3.7M
$-4.7M
Q2 25
$-5.2M
$-211.0K
Q1 25
$-5.1M
$-7.6M
Q4 24
$4.0M
Q3 24
$4.1M
$3.0M
Q2 24
$-3.6M
$-225.0K
Q4 23
$3.6M
Free Cash Flow
PLX
PLX
VLN
VLN
Q4 25
$1.6M
Q3 25
$-4.2M
$-4.9M
Q2 25
$-5.7M
$-330.0K
Q1 25
$-5.4M
$-8.0M
Q4 24
$3.6M
Q3 24
$4.0M
$2.2M
Q2 24
$-3.8M
$-460.0K
Q4 23
$3.3M
FCF Margin
PLX
PLX
VLN
VLN
Q4 25
17.8%
Q3 25
-23.7%
-28.5%
Q2 25
-36.2%
-1.9%
Q1 25
-53.0%
-47.3%
Q4 24
19.6%
Q3 24
22.4%
14.0%
Q2 24
-28.1%
-3.4%
Q4 23
31.9%
Capex Intensity
PLX
PLX
VLN
VLN
Q4 25
4.4%
Q3 25
2.8%
1.6%
Q2 25
2.8%
0.7%
Q1 25
3.0%
2.1%
Q4 24
2.3%
Q3 24
0.5%
4.5%
Q2 24
1.3%
1.7%
Q4 23
2.4%
Cash Conversion
PLX
PLX
VLN
VLN
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLX
PLX

Products$8.7M95%
Other$428.0K5%

VLN
VLN

Segment breakdown not available.

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