Valens Semiconductor Ltd 6-K, filed Aug 12, 2026

Valens Semiconductor Ltd. (VLN)

6-K 2026-08-12 For: 2026-08-12

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Added on August 13, 2026

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Valens Semiconductor Ltd filed this 6-K on August 12, 2026.

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	VALENS SEMICONDUCTOR LTD.

	By:	/s/ Yoram Salinger
		Name: Yoram Salinger
		Title: Chief Executive Officer

	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Revenues		18,105			17,059			34,964			33,887
Gross Profit		11,139			10,835			21,626			21,417
Gross Margin		61.5	%		63.5	%		61.9	%		63.2	%
Net Loss		(8,052	)		(7,184	)		(16,342	)		(15,492	)
Working Capital¹		88,919			105,998			88,919			105,998
Cash, Cash Equivalents and Short-Term Deposits²		83,431			102,721			83,431			102,721
Net Cash Used in Operating Activities		(3,486	)		(211	)		(8,978	)		(7,761	)
Non-GAAP Financial Data
Non-GAAP Gross Margin³		64.3	%		67.2	%		64.8	%		67.0	%
Adjusted EBITDA Loss⁴		(4,227	)		(4,016	)		(9,693	)		(8,362	)
Non-GAAP Earnings Loss Per Share (in U.S. Dollars)⁵	$	(0.04	)	$	(0.04	)	$	(0.09	)	$	(0.07	)

	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
REVENUES		18,105			17,059			34,964			33,887
COST OF REVENUES		(6,966	)		(6,224	)		(13,338	)		(12,470	)
GROSS PROFIT		11,139			10,835			21,626			21,417
OPERATING EXPENSES:
Research and development expenses		(10,076	)		(10,198	)		(20,370	)		(20,788	)
Sales and marketing expenses		(5,011	)		(5,166	)		(10,407	)		(10,773	)
General and administrative expenses		(3,998	)		(3,697	)		(8,015	)		(7,364	)
Change in earnout liability		-			837			282			663
TOTAL OPERATING EXPENSES		(19,085	)		(18,224	)		(38,510	)		(38,262	)
OPERATING LOSS		(7,946	)		(7,389	)		(16,884	)		(16,845	)
Financial income (expenses), net		(79	)		225			594			1,463
LOSS BEFORE INCOME TAXES		(8,025	)		(7,164	)		(16,290	)		(15,382	)
INCOME TAXES		(29	)		(21	)		(56	)		(114	)
LOSS AFTER INCOME TAXES		(8,054	)		(7,185	)		(16,346	)		(15,496	)
Equity in earnings of investee		2			1			4			4
NET LOSS		(8,052	)		(7,184	)		(16,342	)		(15,492	)
EARNINGS PER SHARE DATA: BASIC AND DILUTED NET LOSS PER ORDINARY SHARE⁶ (in U.S. Dollars)	$	(0.08	)	$	(0.07	)	$	(0.15	)	$	(0.15	)
WEIGHTED AVERAGE NUMBER OF SHARES AND VESTED RSUS USED IN COMPUTING NET LOSS PER ORDINARY SHARE		107,236,802			103,551,779			106,142,089			104,403,869
Other comprehensive income (loss):
Change in unrealized gain (loss) on cash flow hedges		352			1,276			(12	)		734
TOTAL COMPREHENSIVE LOSS		(7,700	)		(5,908	)		(16,354	)		(14,758	)

	June 30, 2026		December 31, 2025
ASSETS
CURRENT ASSETS
Cash and cash equivalents		42,557		27,863
Short-term deposits		40,874		64,733
Restricted Short-term deposit		1,120		1,132
Trade accounts receivable		8,867		9,971
Prepaid expenses and other current assets		4,106		4,842
Inventories		12,513		10,117
TOTAL CURRENT ASSETS		110,037		118,658
LONG-TERM ASSETS
Property and equipment, net		2,514		2,901
Operating lease right-of-use assets		6,251		6,901
Intangible assets		3,291		3,762
Goodwill		1,847		1,847
Other assets		686		632
TOTAL LONG-TERM ASSETS		14,589		16,043
TOTAL ASSETS		124,626		134,701

LIABILITIES AND SHAREHOLDERS’ EQUITY
TOTAL CURRENT LIABILITIES		21,118		22,934
LONG-TERM LIABILITIES
Non-current operating leases liabilities		6,348		6,717
Other long-term liabilities		106		67
TOTAL LONG-TERM LIABILITIES		6,454		6,784
TOTAL LIABILITIES		27,572		29,718
TOTAL SHAREHOLDERS’ EQUITY		97,054		104,983
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		124,626		134,701

	Six Months Ended June 30,
	2026			2025
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss for the period		(16,342	)		(15,492	)
Adjustments to reconcile net loss to net cash used in operating activities:
Income and expense items not involving cash flows:
Depreciation and amortization		1,227			1,528
Stock-based compensation		6,246			7,941
Exchange rate differences		931			159
Realized and unrealized loss (gain) on non-designated derivative instruments		3			617
Interest on short-term deposits		91			771
Change in earnout liability		(282	)		(663	)
Reduction in the carrying amount of ROU assets		682			692
Equity in earnings of investee, net of dividend received		(4	)		1
Changes in operating assets and liabilities:
Trade accounts receivable		1,092			(382	)
Prepaid expenses and other current assets		758			878
Inventories		(2,396	)		(1,460	)
Other assets		(8	)		(96	)
Current Liabilities		(234	)		(1,864	)
Change in operating lease liabilities		(781	)		(403	)
Other long-term liabilities		39			12
Net cash used in operating activities		(8,978	)		(7,761	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in short-term deposits		(19,162	)		(52,505	)
Maturities of short-term deposits		44,062			91,835
Purchase of property and equipment		(302	)		(537	)
Derivative instruments of non-designated hedges		(3	)		(672	)
Net cash provided by investing activities		24,595			38,121
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of Ordinary Shares		-			(19,761	)
Earnout payment		(1,962	)		-
Exercise of stock options		2,179			385
Net cash provided by (used in) financing activities		217			(19,376	)

Effect of exchange rate changes on cash and cash equivalents		(20	)		182
INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSIT		15,814			11,166
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSIT AT THE BEGINNING OF THE PERIOD		27,863			35,423
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSIT AT THE END OF THE PERIOD		43,677			46,589
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash and cash equivalent		42,557			46,589
Restricted Deposit		1,120			-
Total cash, cash equivalent and restricted deposit		43,677			46,589
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Trade accounts payable on account of property and equipment		67			194
Operating lease liabilities arising from obtaining operating right-of-use assets and lease modifications		32			494