vs
Side-by-side financial comparison of Valens Semiconductor Ltd. (VLN) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $17.3M, roughly 1.1× Valens Semiconductor Ltd.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -42.2%, a 31.4% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -0.4%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-4.9M).
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...
VLN vs ZEO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.3M | $18.6M |
| Net Profit | $-7.3M | $-2.0M |
| Gross Margin | 63.0% | — |
| Operating Margin | -46.4% | -11.8% |
| Net Margin | -42.2% | -10.8% |
| Revenue YoY | 8.1% | -0.4% |
| Net Profit YoY | 29.3% | -360.9% |
| EPS (diluted) | $-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.
| Q4 25 | — | $18.6M | ||
| Q3 25 | $17.3M | $23.9M | ||
| Q2 25 | $17.1M | $18.1M | ||
| Q1 25 | $16.8M | $8.8M | ||
| Q4 24 | — | $18.6M | ||
| Q3 24 | $16.0M | $19.7M | ||
| Q2 24 | $13.6M | $14.8M | ||
| Q1 24 | — | $20.1M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | $-7.3M | $-3.2M | ||
| Q2 25 | $-7.2M | $-2.4M | ||
| Q1 25 | $-8.3M | $-6.4M | ||
| Q4 24 | — | $-435.3K | ||
| Q3 24 | $-10.4M | $-424.3K | ||
| Q2 24 | $-8.9M | $-277.8K | ||
| Q1 24 | — | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | 63.0% | 57.9% | ||
| Q2 25 | 63.5% | 59.8% | ||
| Q1 25 | 62.9% | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 56.4% | 50.2% | ||
| Q2 24 | 61.4% | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | -11.8% | ||
| Q3 25 | -46.4% | -8.3% | ||
| Q2 25 | -43.3% | -15.8% | ||
| Q1 25 | -56.2% | -153.8% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | -76.3% | -15.2% | ||
| Q2 24 | -69.2% | -18.0% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | — | -10.8% | ||
| Q3 25 | -42.2% | -13.5% | ||
| Q2 25 | -42.1% | -13.3% | ||
| Q1 25 | -49.4% | -72.4% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -64.6% | -2.2% | ||
| Q2 24 | -65.2% | -1.9% | ||
| Q1 24 | — | -7.6% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.08 | $-0.48 | ||
| Q4 24 | — | $1.11 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $-0.08 | $0.03 | ||
| Q1 24 | — | $-1.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $93.5M | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $108.8M | $5.3M |
| Total Assets | $136.7M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.1M | ||
| Q3 25 | $93.5M | $3.9M | ||
| Q2 25 | $102.7M | $68.7K | ||
| Q1 25 | $112.5M | $2.9M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | $133.1M | $4.3M | ||
| Q2 24 | $105.9M | $5.3M | ||
| Q1 24 | — | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $108.8M | $-1.7M | ||
| Q2 25 | $116.5M | $-59.4M | ||
| Q1 25 | $128.6M | $-23.1M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $147.0M | $-39.3M | ||
| Q2 24 | $153.5M | $-53.0M | ||
| Q1 24 | — | $-173.0M |
| Q4 25 | — | $56.9M | ||
| Q3 25 | $136.7M | $58.5M | ||
| Q2 25 | $144.8M | $46.2M | ||
| Q1 25 | $154.6M | $47.4M | ||
| Q4 24 | — | $61.0M | ||
| Q3 24 | $171.9M | $47.1M | ||
| Q2 24 | $175.8M | $49.1M | ||
| Q1 24 | — | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.7M | $2.4M |
| Free Cash FlowOCF − Capex | $-4.9M | $2.3M |
| FCF MarginFCF / Revenue | -28.5% | 12.2% |
| Capex IntensityCapex / Revenue | 1.6% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.0M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.4M | ||
| Q3 25 | $-4.7M | $-6.6M | ||
| Q2 25 | $-211.0K | $-2.3M | ||
| Q1 25 | $-7.6M | $-2.3M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | $3.0M | $162.2K | ||
| Q2 24 | $-225.0K | $-2.2M | ||
| Q1 24 | — | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | $-4.9M | $-6.8M | ||
| Q2 25 | $-330.0K | $-2.7M | ||
| Q1 25 | $-8.0M | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | $2.2M | $116.5K | ||
| Q2 24 | $-460.0K | $-2.3M | ||
| Q1 24 | — | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | -28.5% | -28.6% | ||
| Q2 25 | -1.9% | -15.0% | ||
| Q1 25 | -47.3% | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | 14.0% | 0.6% | ||
| Q2 24 | -3.4% | -15.6% | ||
| Q1 24 | — | -51.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 2.1% | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 4.5% | 0.2% | ||
| Q2 24 | 1.7% | 0.7% | ||
| Q1 24 | — | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VLN
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
