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Side-by-side financial comparison of RBB Bancorp (RBB) 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 $32.3M, roughly 1.1× RBB Bancorp). RBB Bancorp runs the higher net margin — 31.5% vs -54.1%, a 85.6% gap on every dollar of revenue.

RBB Bancorp is a US-based financial holding company that operates Royal Business Bank as its primary banking subsidiary. It caters mainly to Asian American communities, small and medium-sized enterprises, real estate investors, and retail clients, offering comprehensive commercial banking, consumer lending, deposit services, and wealth management solutions across branches in key US coastal metropolitan areas.

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.

RBB vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.1× larger
VALN
$36.2M
$32.3M
RBB
Higher net margin
RBB
RBB
85.6% more per $
RBB
31.5%
-54.1%
VALN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
RBB
RBB
VALN
VALN
Revenue
$32.3M
$36.2M
Net Profit
$10.2M
$-19.6M
Gross Margin
38.9%
Operating Margin
39.5%
-49.5%
Net Margin
31.5%
-54.1%
Revenue YoY
12.6%
Net Profit YoY
132.1%
EPS (diluted)
$0.59

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
RBB
RBB
VALN
VALN
Q4 25
$32.3M
Q3 25
$32.6M
Q2 25
$35.8M
Q1 25
$28.5M
Q4 24
$28.7M
Q3 24
$30.3M
Q2 24
$27.5M
Q1 24
$28.2M
Net Profit
RBB
RBB
VALN
VALN
Q4 25
$10.2M
Q3 25
$10.1M
Q2 25
$9.3M
Q1 25
$2.3M
Q4 24
$4.4M
Q3 24
$7.0M
Q2 24
$7.2M
Q1 24
$8.0M
Operating Margin
RBB
RBB
VALN
VALN
Q4 25
39.5%
Q3 25
40.7%
Q2 25
36.1%
Q1 25
11.2%
Q4 24
17.6%
Q3 24
31.6%
Q2 24
35.6%
Q1 24
39.9%
Net Margin
RBB
RBB
VALN
VALN
Q4 25
31.5%
Q3 25
31.2%
Q2 25
26.1%
Q1 25
8.0%
Q4 24
15.3%
Q3 24
23.1%
Q2 24
26.4%
Q1 24
28.4%
EPS (diluted)
RBB
RBB
VALN
VALN
Q4 25
$0.59
Q3 25
$0.59
Q2 25
$0.52
Q1 25
$0.13
Q4 24
$0.26
Q3 24
$0.39
Q2 24
$0.39
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
RBB
RBB
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$212.3M
$274.8M
Total DebtLower is stronger
$119.9M
Stockholders' EquityBook value
$523.4M
$221.2M
Total Assets
$4.2B
$637.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RBB
RBB
VALN
VALN
Q4 25
$212.3M
Q3 25
$234.9M
Q2 25
$191.9M
Q1 25
$238.8M
Q4 24
$257.7M
Q3 24
$349.4M
Q2 24
$252.8M
Q1 24
Total Debt
RBB
RBB
VALN
VALN
Q4 25
$119.9M
Q3 25
$119.8M
Q2 25
$119.7M
Q1 25
$119.6M
Q4 24
$119.5M
Q3 24
$119.4M
Q2 24
$119.3M
Q1 24
$119.2M
Stockholders' Equity
RBB
RBB
VALN
VALN
Q4 25
$523.4M
Q3 25
$514.3M
Q2 25
$517.7M
Q1 25
$510.3M
Q4 24
$507.9M
Q3 24
$509.7M
Q2 24
$511.3M
Q1 24
$514.0M
Total Assets
RBB
RBB
VALN
VALN
Q4 25
$4.2B
Q3 25
$4.2B
Q2 25
$4.1B
Q1 25
$4.0B
Q4 24
$4.0B
Q3 24
$4.0B
Q2 24
$3.9B
Q1 24
$3.9B
Debt / Equity
RBB
RBB
VALN
VALN
Q4 25
0.23×
Q3 25
0.23×
Q2 25
0.23×
Q1 25
0.23×
Q4 24
0.24×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.23×

Cash Flow & Capital Efficiency

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

Metric
RBB
RBB
VALN
VALN
Operating Cash FlowLast quarter
$43.4M
$-26.3M
Free Cash FlowOCF − Capex
$42.6M
FCF MarginFCF / Revenue
131.8%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
4.26×
TTM Free Cash FlowTrailing 4 quarters
$73.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RBB
RBB
VALN
VALN
Q4 25
$43.4M
Q3 25
$2.1M
Q2 25
$21.7M
Q1 25
$7.8M
Q4 24
$58.5M
Q3 24
$24.5M
Q2 24
$11.7M
Q1 24
$4.8M
Free Cash Flow
RBB
RBB
VALN
VALN
Q4 25
$42.6M
Q3 25
$1.8M
Q2 25
$21.6M
Q1 25
$7.6M
Q4 24
$57.7M
Q3 24
$24.2M
Q2 24
$11.5M
Q1 24
$4.7M
FCF Margin
RBB
RBB
VALN
VALN
Q4 25
131.8%
Q3 25
5.4%
Q2 25
60.2%
Q1 25
26.7%
Q4 24
201.0%
Q3 24
80.0%
Q2 24
42.0%
Q1 24
16.6%
Capex Intensity
RBB
RBB
VALN
VALN
Q4 25
2.5%
Q3 25
1.1%
Q2 25
0.3%
Q1 25
0.6%
Q4 24
2.7%
Q3 24
0.8%
Q2 24
0.5%
Q1 24
0.5%
Cash Conversion
RBB
RBB
VALN
VALN
Q4 25
4.26×
Q3 25
0.21×
Q2 25
2.32×
Q1 25
3.39×
Q4 24
13.34×
Q3 24
3.50×
Q2 24
1.61×
Q1 24
0.60×

Financial Flow Comparison

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

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