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Side-by-side financial comparison of XCF Global, Inc. (SAFX) 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 $9.6M, roughly 1.8× XCF Global, Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -131.0%, a 88.8% gap on every dollar of revenue.

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...

SAFX vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.8× larger
VLN
$17.3M
$9.6M
SAFX
Higher net margin
VLN
VLN
88.8% more per $
VLN
-42.2%
-131.0%
SAFX

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
SAFX
SAFX
VLN
VLN
Revenue
$9.6M
$17.3M
Net Profit
$-12.5M
$-7.3M
Gross Margin
35.0%
63.0%
Operating Margin
-90.3%
-46.4%
Net Margin
-131.0%
-42.2%
Revenue YoY
8.1%
Net Profit YoY
29.3%
EPS (diluted)
$-0.08
$-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
SAFX
SAFX
VLN
VLN
Q3 25
$9.6M
$17.3M
Q2 25
$17.1M
Q1 25
$16.8M
Q3 24
$16.0M
Q2 24
$13.6M
Q2 23
$24.2M
Q2 22
$22.5M
Net Profit
SAFX
SAFX
VLN
VLN
Q3 25
$-12.5M
$-7.3M
Q2 25
$-7.2M
Q1 25
$-8.3M
Q3 24
$-10.4M
Q2 24
$-8.9M
Q2 23
$-4.6M
Q2 22
$-10.0M
Gross Margin
SAFX
SAFX
VLN
VLN
Q3 25
35.0%
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q3 24
56.4%
Q2 24
61.4%
Q2 23
61.8%
Q2 22
70.2%
Operating Margin
SAFX
SAFX
VLN
VLN
Q3 25
-90.3%
-46.4%
Q2 25
-43.3%
Q1 25
-56.2%
Q3 24
-76.3%
Q2 24
-69.2%
Q2 23
-21.4%
Q2 22
-35.3%
Net Margin
SAFX
SAFX
VLN
VLN
Q3 25
-131.0%
-42.2%
Q2 25
-42.1%
Q1 25
-49.4%
Q3 24
-64.6%
Q2 24
-65.2%
Q2 23
-19.0%
Q2 22
-44.5%
EPS (diluted)
SAFX
SAFX
VLN
VLN
Q3 25
$-0.08
$-0.07
Q2 25
$-0.07
Q1 25
$-0.08
Q3 24
$-0.10
Q2 24
$-0.08
Q2 23
$-0.05
Q2 22
$-0.10

Balance Sheet & Financial Strength

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

Metric
SAFX
SAFX
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$879.2K
$93.5M
Total DebtLower is stronger
$122.8M
Stockholders' EquityBook value
$5.2M
$108.8M
Total Assets
$408.7M
$136.7M
Debt / EquityLower = less leverage
23.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFX
SAFX
VLN
VLN
Q3 25
$879.2K
$93.5M
Q2 25
$102.7M
Q1 25
$112.5M
Q3 24
$133.1M
Q2 24
$105.9M
Q2 23
$138.0M
Q2 22
$46.6M
Total Debt
SAFX
SAFX
VLN
VLN
Q3 25
$122.8M
Q2 25
Q1 25
Q3 24
Q2 24
Q2 23
Q2 22
Stockholders' Equity
SAFX
SAFX
VLN
VLN
Q3 25
$5.2M
$108.8M
Q2 25
$116.5M
Q1 25
$128.6M
Q3 24
$147.0M
Q2 24
$153.5M
Q2 23
$166.3M
Q2 22
$173.2M
Total Assets
SAFX
SAFX
VLN
VLN
Q3 25
$408.7M
$136.7M
Q2 25
$144.8M
Q1 25
$154.6M
Q3 24
$171.9M
Q2 24
$175.8M
Q2 23
$184.3M
Q2 22
$196.2M
Debt / Equity
SAFX
SAFX
VLN
VLN
Q3 25
23.55×
Q2 25
Q1 25
Q3 24
Q2 24
Q2 23
Q2 22

Cash Flow & Capital Efficiency

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

Metric
SAFX
SAFX
VLN
VLN
Operating Cash FlowLast quarter
$-13.8M
$-4.7M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-28.5%
Capex IntensityCapex / Revenue
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
SAFX
SAFX
VLN
VLN
Q3 25
$-13.8M
$-4.7M
Q2 25
$-211.0K
Q1 25
$-7.6M
Q3 24
$3.0M
Q2 24
$-225.0K
Q2 23
$358.0K
Q2 22
$-4.3M
Free Cash Flow
SAFX
SAFX
VLN
VLN
Q3 25
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q3 24
$2.2M
Q2 24
$-460.0K
Q2 23
$-419.0K
Q2 22
$-4.5M
FCF Margin
SAFX
SAFX
VLN
VLN
Q3 25
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q3 24
14.0%
Q2 24
-3.4%
Q2 23
-1.7%
Q2 22
-20.0%
Capex Intensity
SAFX
SAFX
VLN
VLN
Q3 25
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q3 24
4.5%
Q2 24
1.7%
Q2 23
3.2%
Q2 22
1.1%

Financial Flow Comparison

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

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