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Side-by-side financial comparison of SIEBERT FINANCIAL CORP (SIEB) 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 $23.6M, roughly 1.5× SIEBERT FINANCIAL CORP). SIEBERT FINANCIAL CORP runs the higher net margin — -1.9% vs -54.1%, a 52.2% gap on every dollar of revenue.

Siebert Financial Corp is a U.S.-based financial services provider specializing in discount brokerage, self-directed investment platforms, retirement account solutions, and personalized financial advisory services. It caters to both retail and institutional clients across the country, operating primarily in the retail investment and wealth management segments with a focus on low-cost, accessible investment options for individual investors.

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.

SIEB vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.5× larger
VALN
$36.2M
$23.6M
SIEB
Higher net margin
SIEB
SIEB
52.2% more per $
SIEB
-1.9%
-54.1%
VALN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
SIEB
SIEB
VALN
VALN
Revenue
$23.6M
$36.2M
Net Profit
$-445.0K
$-19.6M
Gross Margin
38.9%
Operating Margin
-5.5%
-49.5%
Net Margin
-1.9%
-54.1%
Revenue YoY
17.7%
Net Profit YoY
-125.6%
EPS (diluted)
$-0.01

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
SIEB
SIEB
VALN
VALN
Q4 25
$23.6M
Q3 25
$26.8M
Q2 25
$14.9M
Q1 25
$28.9M
Q4 24
$20.0M
Q3 24
$22.6M
Q2 24
$20.9M
Q1 24
$20.5M
Net Profit
SIEB
SIEB
VALN
VALN
Q4 25
$-445.0K
Q3 25
$1.6M
Q2 25
$-4.7M
Q1 25
$8.7M
Q4 24
$1.7M
Q3 24
$3.8M
Q2 24
$4.0M
Q1 24
$3.7M
Operating Margin
SIEB
SIEB
VALN
VALN
Q4 25
-5.5%
Q3 25
8.1%
Q2 25
-39.2%
Q1 25
36.3%
Q4 24
9.7%
Q3 24
21.4%
Q2 24
26.7%
Q1 24
24.9%
Net Margin
SIEB
SIEB
VALN
VALN
Q4 25
-1.9%
Q3 25
6.0%
Q2 25
-31.7%
Q1 25
29.9%
Q4 24
8.7%
Q3 24
17.0%
Q2 24
19.4%
Q1 24
18.0%
EPS (diluted)
SIEB
SIEB
VALN
VALN
Q4 25
$-0.01
Q3 25
$0.04
Q2 25
$-0.12
Q1 25
$0.22
Q4 24
$0.04
Q3 24
$0.10
Q2 24
$0.10
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
SIEB
SIEB
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$22.4M
$274.8M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$89.2M
$221.2M
Total Assets
$759.0M
$637.2M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIEB
SIEB
VALN
VALN
Q4 25
$22.4M
Q3 25
$19.6M
Q2 25
$28.9M
Q1 25
$25.7M
Q4 24
$32.6M
Q3 24
$4.4M
Q2 24
$5.2M
Q1 24
$2.9M
Total Debt
SIEB
SIEB
VALN
VALN
Q4 25
$4.1M
Q3 25
$4.2M
Q2 25
$4.2M
Q1 25
$4.2M
Q4 24
$4.2M
Q3 24
$4.2M
Q2 24
$4.3M
Q1 24
$4.3M
Stockholders' Equity
SIEB
SIEB
VALN
VALN
Q4 25
$89.2M
Q3 25
$90.9M
Q2 25
$89.0M
Q1 25
$93.3M
Q4 24
$84.1M
Q3 24
$82.3M
Q2 24
$78.2M
Q1 24
$73.8M
Total Assets
SIEB
SIEB
VALN
VALN
Q4 25
$759.0M
Q3 25
$607.5M
Q2 25
$560.5M
Q1 25
$534.2M
Q4 24
$519.7M
Q3 24
$579.2M
Q2 24
$609.1M
Q1 24
$742.3M
Debt / Equity
SIEB
SIEB
VALN
VALN
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
SIEB
SIEB
VALN
VALN
Operating Cash FlowLast quarter
$10.2M
$-26.3M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
41.1%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIEB
SIEB
VALN
VALN
Q4 25
$10.2M
Q3 25
$43.7M
Q2 25
$631.0K
Q1 25
$-34.5M
Q4 24
$10.1M
Q3 24
$3.0M
Q2 24
$18.6M
Q1 24
$-47.0M
Free Cash Flow
SIEB
SIEB
VALN
VALN
Q4 25
$9.7M
Q3 25
$43.3M
Q2 25
$570.0K
Q1 25
$-34.5M
Q4 24
$9.8M
Q3 24
Q2 24
$18.6M
Q1 24
$-47.0M
FCF Margin
SIEB
SIEB
VALN
VALN
Q4 25
41.1%
Q3 25
161.5%
Q2 25
3.8%
Q1 25
-119.4%
Q4 24
49.1%
Q3 24
Q2 24
89.0%
Q1 24
-229.7%
Capex Intensity
SIEB
SIEB
VALN
VALN
Q4 25
2.3%
Q3 25
1.2%
Q2 25
0.4%
Q1 25
0.2%
Q4 24
1.1%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
SIEB
SIEB
VALN
VALN
Q4 25
Q3 25
26.89×
Q2 25
Q1 25
-3.98×
Q4 24
5.79×
Q3 24
0.77×
Q2 24
4.60×
Q1 24
-12.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SIEB
SIEB

Margin Interest$14.0M59%
Other Incomes$3.6M15%
Proprietary Trading$2.6M11%
Market Making$2.2M9%
Media Sports And Entertainment$1.2M5%

VALN
VALN

Segment breakdown not available.

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