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

Veris Residential, Inc. is the larger business by last-quarter revenue ($70.1M vs $36.2M, roughly 1.9× Valneva SE). Veris Residential, Inc. runs the higher net margin — -20.0% vs -54.1%, a 34.1% gap on every dollar of revenue.

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.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

VALN vs VRE — Head-to-Head

Bigger by revenue
VRE
VRE
1.9× larger
VRE
$70.1M
$36.2M
VALN
Higher net margin
VRE
VRE
34.1% more per $
VRE
-20.0%
-54.1%
VALN

Income Statement — Q1 FY2023 vs Q1 FY2026

Metric
VALN
VALN
VRE
VRE
Revenue
$36.2M
$70.1M
Net Profit
$-19.6M
$-14.0M
Gross Margin
38.9%
95.9%
Operating Margin
-49.5%
-22.2%
Net Margin
-54.1%
-20.0%
Revenue YoY
3.5%
Net Profit YoY
-30.9%
EPS (diluted)
$-0.15

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
VALN
VALN
VRE
VRE
Q1 26
$70.1M
Q4 25
$71.3M
Q3 25
$73.4M
Q2 25
$75.9M
Q1 25
$67.8M
Q4 24
$68.1M
Q3 24
$68.2M
Q2 24
$67.5M
Net Profit
VALN
VALN
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-203.0K
Q3 25
$75.2M
Q2 25
$10.9M
Q1 25
$-10.7M
Q4 24
$-12.4M
Q3 24
$-9.7M
Q2 24
$2.9M
Gross Margin
VALN
VALN
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
96.8%
Q2 25
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
96.9%
Q2 24
97.3%
Operating Margin
VALN
VALN
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
Q2 25
15.8%
Q1 25
-20.4%
Q4 24
-21.9%
Q3 24
-16.2%
Q2 24
2.2%
Net Margin
VALN
VALN
VRE
VRE
Q1 26
-20.0%
Q4 25
-0.3%
Q3 25
102.4%
Q2 25
14.4%
Q1 25
-15.8%
Q4 24
-18.3%
Q3 24
-14.2%
Q2 24
4.3%
EPS (diluted)
VALN
VALN
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.00
Q3 25
$0.80
Q2 25
$0.12
Q1 25
$-0.12
Q4 24
$-0.14
Q3 24
$-0.10
Q2 24
$0.03

Balance Sheet & Financial Strength

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

Metric
VALN
VALN
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$274.8M
$9.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$221.2M
$1.1B
Total Assets
$637.2M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VALN
VALN
VRE
VRE
Q1 26
$9.4M
Q4 25
$14.1M
Q3 25
$8.8M
Q2 25
$11.4M
Q1 25
$7.6M
Q4 24
$7.3M
Q3 24
$12.8M
Q2 24
$18.4M
Total Debt
VALN
VALN
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
VALN
VALN
VRE
VRE
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Total Assets
VALN
VALN
VRE
VRE
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$3.0B
Debt / Equity
VALN
VALN
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.52×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
VALN
VALN
VRE
VRE
Operating Cash FlowLast quarter
$-26.3M
$14.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VALN
VALN
VRE
VRE
Q1 26
$14.0M
Q4 25
$76.0M
Q3 25
$13.5M
Q2 25
$23.8M
Q1 25
$13.2M
Q4 24
$52.3M
Q3 24
$13.9M
Q2 24
$10.8M
Cash Conversion
VALN
VALN
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
2.18×
Q1 25
Q4 24
Q3 24
Q2 24
3.71×

Financial Flow Comparison

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

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