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Side-by-side financial comparison of TrueCar, Inc. (TRUE) and Valneva SE (VALN). Click either name above to swap in a different company.

TrueCar, Inc. is the larger business by last-quarter revenue ($43.2M vs $36.2M, roughly 1.2× Valneva SE). TrueCar, Inc. runs the higher net margin — 11.6% vs -54.1%, a 65.7% gap on every dollar of revenue.

TrueCar, Inc. is an American car retailing website company headquartered in Santa Monica, California. It also maintains a sales office in Austin, Texas.

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.

TRUE vs VALN — Head-to-Head

Bigger by revenue
TRUE
TRUE
1.2× larger
TRUE
$43.2M
$36.2M
VALN
Higher net margin
TRUE
TRUE
65.7% more per $
TRUE
11.6%
-54.1%
VALN

Income Statement — Q3 FY2025 vs Q1 FY2023

Metric
TRUE
TRUE
VALN
VALN
Revenue
$43.2M
$36.2M
Net Profit
$5.0M
$-19.6M
Gross Margin
38.9%
Operating Margin
-17.0%
-49.5%
Net Margin
11.6%
-54.1%
Revenue YoY
-7.2%
Net Profit YoY
185.7%
EPS (diluted)

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
TRUE
TRUE
VALN
VALN
Q3 25
$43.2M
Q2 25
$47.0M
Q1 25
$44.8M
Q4 24
$46.2M
Q3 24
$46.5M
Q2 24
$41.8M
Q1 24
$41.1M
Q4 23
$41.3M
Net Profit
TRUE
TRUE
VALN
VALN
Q3 25
$5.0M
Q2 25
$-7.6M
Q1 25
$-10.1M
Q4 24
$-5.8M
Q3 24
$-5.8M
Q2 24
$-13.5M
Q1 24
$-5.8M
Q4 23
$-1.9M
Operating Margin
TRUE
TRUE
VALN
VALN
Q3 25
-17.0%
Q2 25
-18.3%
Q1 25
-25.0%
Q4 24
-15.4%
Q3 24
-15.9%
Q2 24
-36.3%
Q1 24
-18.2%
Q4 23
-8.7%
Net Margin
TRUE
TRUE
VALN
VALN
Q3 25
11.6%
Q2 25
-16.2%
Q1 25
-22.6%
Q4 24
-12.7%
Q3 24
-12.5%
Q2 24
-32.3%
Q1 24
-14.2%
Q4 23
-4.6%

Balance Sheet & Financial Strength

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

Metric
TRUE
TRUE
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$103.2M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$114.2M
$221.2M
Total Assets
$148.7M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRUE
TRUE
VALN
VALN
Q3 25
$103.2M
Q2 25
$92.5M
Q1 25
$98.0M
Q4 24
$111.8M
Q3 24
$114.5M
Q2 24
$128.0M
Q1 24
$133.7M
Q4 23
$137.0M
Stockholders' Equity
TRUE
TRUE
VALN
VALN
Q3 25
$114.2M
Q2 25
$106.4M
Q1 25
$111.1M
Q4 24
$118.1M
Q3 24
$128.0M
Q2 24
$143.9M
Q1 24
$156.0M
Q4 23
$160.2M
Total Assets
TRUE
TRUE
VALN
VALN
Q3 25
$148.7M
Q2 25
$139.8M
Q1 25
$145.0M
Q4 24
$159.7M
Q3 24
$167.5M
Q2 24
$183.0M
Q1 24
$193.5M
Q4 23
$204.3M

Cash Flow & Capital Efficiency

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

Metric
TRUE
TRUE
VALN
VALN
Operating Cash FlowLast quarter
$12.7M
$-26.3M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-19.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRUE
TRUE
VALN
VALN
Q3 25
$12.7M
Q2 25
$-2.8M
Q1 25
$-7.9M
Q4 24
$5.9M
Q3 24
$1.8M
Q2 24
$-2.0M
Q1 24
$2.0M
Q4 23
$-5.8M
Free Cash Flow
TRUE
TRUE
VALN
VALN
Q3 25
$11.2M
Q2 25
$-4.8M
Q1 25
$-10.6M
Q4 24
$4.1M
Q3 24
$-170.0K
Q2 24
$-3.6M
Q1 24
$-511.0K
Q4 23
$-8.1M
FCF Margin
TRUE
TRUE
VALN
VALN
Q3 25
25.9%
Q2 25
-10.2%
Q1 25
-23.6%
Q4 24
9.0%
Q3 24
-0.4%
Q2 24
-8.7%
Q1 24
-1.2%
Q4 23
-19.7%
Capex Intensity
TRUE
TRUE
VALN
VALN
Q3 25
3.5%
Q2 25
4.2%
Q1 25
6.0%
Q4 24
3.7%
Q3 24
4.2%
Q2 24
3.9%
Q1 24
6.2%
Q4 23
5.7%
Cash Conversion
TRUE
TRUE
VALN
VALN
Q3 25
2.55×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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