Valneva SE (VALN)
Valneva SE operates as a specialized biopharmaceutical company, concentrating its efforts on developing and bringing to market preventative vaccines for infectious diseases where current medical options are insufficient. Its portfolio of commercial travel vaccines includes IXIARO, an inactivated vaccine derived from Vero cell culture, which provides active immunity against Japanese encephalitis. Another offering is DUKORAL, an oral vaccine designed to guard against diarrhea induced by Vibrio cholerae or enterotoxigenic Escherichia coli (ETEC) bacteria. The company's development pipeline features VLA2001, a candidate vaccine targeting SARS-CoV-2. Additionally, Valneva is progressing with VLA15, a Lyme disease vaccine candidate that has successfully concluded Phase II clinical trials and is being co-developed and commercialized with Pfizer, Inc. They are also advancing VLA1553, a chikungunya virus vaccine candidate currently undergoing Phase III clinical evaluation, in partnership with Instituto Butantan for its development, production, and marketing as a single-shot vaccine. Valneva's products are sold across a wide geographical area, including the United States, Canada, Germany, Austria, the Nordic countries, the United Kingdom, various other European nations, and internationally. Founded in 1998, the company maintains its headquarters in Saint-Herblain, France.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Valneva SE
NASDAQ:VALNHealthcare · Biotechnology
-4.55%$5.45
AH$5.45+0.00%vs close
Mkt Cap$516.79M
Float36.7M
O/S94.82M
Vol
$ Vol
RVOL
Inst Own4.0%
SI0.5%
Earnings
Dilution
Financials Summary
Revenue$195.13M
Net Income-$128.69M
Total Assets$445.58M
Free Cash Flow-$64.1M
Debt & Equity
Debt 66%
Equity 34%
Total Debt$231.54M
Total Equity$118.61M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VALN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$445.58M
Liabilities$326.97M
Accounts Receivable$31.07M
Accounts Payable$10.14M
Inventory$56.12M
PP&E (Net)$154.21M
Goodwill$0
Intangible Assets$24.97M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Revenue | $195.13M | $189.45M | $171.73M | $403.65M | $388.88M | $123.25M | $140.99M | $126.28M | $117.63M | $105.09M | $87.54M | $41.25M | $34.01M | $3.83M | $11.47M | $9.38M | $3.46M | $3.82M | $967K | $2.6M | $3.36M |
| YoY Growth | 3.0% | 10.3% | -57.5% | 3.8% | 215.5% | -12.6% | 11.6% | 7.4% | 11.9% | 20.0% | 112.2% | 21.3% | 787.4% | -66.6% | 22.3% | 171.2% | -9.4% | 294.7% | -62.8% | -22.7% | - |
| Cost of Revenue | $119.7M | $110.09M | $112.7M | $362.47M | $209.94M | $60.67M | $55.82M | $48.52M | $51.37M | $48.12M | $52.46M | $19.15M | $18.44M | $12.4M | $7.51M | $7.31M | $5.87M | $3.07M | $1.88M | $811K | $531K |
| Gross Profit | $75.43M | $79.37M | $59.03M | $41.18M | $178.94M | $62.58M | $85.16M | $77.76M | $66.26M | $56.96M | $35.08M | $22.1M | $15.57M | -$8.56M | $3.96M | $2.07M | -$2.41M | $752K | -$913K | $1.79M | $2.83M |
| Gross Margin | 38.7% | 41.9% | 34.4% | 10.2% | 46.0% | 50.8% | 60.4% | 61.6% | 56.3% | 54.2% | 40.1% | 53.6% | 45.8% | -223.4% | 34.5% | 22.1% | -69.8% | 19.7% | -94.3% | 68.8% | 84.2% |
| Research and Development | $95.3M | $82.83M | $66.91M | $117.22M | $193.59M | $94.35M | $42.32M | $13.62M | $26.09M | $27.47M | $28.34M | $24.85M | $23.93M | $14.4M | $13.59M | $14.66M | $11.03M | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $83.43M | $106.25M | $107.87M | $64.33M | $79.6M | $50.86M | $47.53M | $53.67M | $37.34M | $34.69M | $26.27M | $15.8M | $16.45M | $4.67M | $293K | $4.12M | $3.42M | $0 | $0 | $0 | $0 |
| Other | -$12.1M | -$124.61M | -$24.04M | -$13.63M | -$25.67M | -$21.05M | -$3.43M | $22.16M | $7.25M | $42.22M | $2.77M | $7.99M | -$102K | -$892K | $9.37M | -$711K | $3.78M | $4.28M | $4.43M | $2.04M | $4.43M |
| Total Operating Expenses | $166.63M | $64.47M | $150.74M | $167.92M | $247.52M | $124.15M | $82.93M | $70.76M | $70.68M | $104.38M | $57.38M | $48.64M | $40.28M | $18.17M | $9.66M | $18.78M | $3.78M | $4.28M | $4.43M | $2.04M | $4.43M |
| Operating Income (EBIT) | -$91.2M | $14.89M | -$91.71M | -$126.74M | -$68.59M | -$61.57M | -$906K | $6.99M | -$4.42M | -$47.56M | -$22.27M | -$26.61M | -$23.3M | -$14.34M | -$4.97M | -$9.4M | -$7.03M | -$3.52M | -$5.35M | -$247K | -$1.6M |
| Operating Margin | -46.7% | 7.9% | -53.4% | -31.4% | -17.6% | -50.0% | -0.6% | 5.5% | -3.8% | -45.3% | -25.4% | -64.5% | -68.5% | -374.0% | -43.4% | -100.3% | -203.3% | -92.3% | -552.5% | -9.5% | -47.5% |
| Interest Expense | $46.81M | $26.79M | $26.06M | $21.29M | $18.95M | $12M | $2.94M | $4.23M | $5.65M | $6.8M | $10.86M | $4.91M | $1.35M | $595K | $781K | $878K | $180K | $231K | $172K | $28K | $0 |
| Interest Income | $2.01M | $2.64M | $1.35M | $290K | $278K | $133K | $222K | $199K | $80K | $324K | $3.46M | $251K | $213K | $486K | $846K | $435K | $349K | $1.09M | $614K | $0 | $38K |
| Other Income (Expense) | -$36.3M | -$27.72M | -$18.48M | -$35.05M | -$9.6M | -$11.38M | -$66K | -$3.25M | -$9.61M | -$6.99M | -$15.24M | -$2.37M | -$3.09M | -$63K | $1.6M | -$444K | $4M | $855K | $442K | -$28K | $38K |
| Income Before Tax (EBT) | -$127.49M | -$12.83M | -$110.19M | -$161.79M | -$78.18M | -$72.96M | -$972K | $3.74M | -$14.03M | -$54.55M | -$22.78M | -$28.98M | -$26.39M | -$14.4M | -$4.91M | -$10.56M | -$6.86M | -$2.67M | -$4.9M | -$275K | -$1.56M |
| Income Tax Expense | $1.2M | $850K | $3.13M | -$1.72M | $3.85M | -$1.02M | $976K | $98K | -$1.2M | $398K | $250K | $373K | $389K | $107K | $29K | -$1.66M | $0 | $27K | -$1.15M | -$3K | -$197K |
| Net Income | -$128.69M | -$13.68M | -$113.32M | -$160.07M | -$82.03M | -$71.94M | -$1.95M | $3.65M | -$12.83M | -$54.95M | -$23.03M | -$29.35M | -$26.94M | -$16.58M | -$4.94M | -$8.9M | -$6.86M | -$2.67M | -$3.76M | -$271K | -$1.36M |
| Net Income Margin | -66.0% | -7.2% | -66.0% | -39.7% | -21.1% | -58.4% | -1.4% | 2.9% | -10.9% | -52.3% | -26.3% | -71.2% | -79.2% | -432.6% | -43.1% | -94.8% | -198.4% | -69.9% | -388.2% | -10.4% | -40.5% |
| Supplementary Data | |||||||||||||||||||||
| EPS | -1.32 | -0.17 | -1.46 | -2.48 | -1.50 | -1.42 | -0.04 | 0.08 | -0.30 | -1.32 | -0.56 | -0.94 | -1.22 | -1.40 | -0.42 | -0.92 | -0.84 | -0.28 | -0.52 | -0.05 | -0.24 |
| Diluted EPS | -1.32 | -0.17 | -1.46 | -2.48 | -1.50 | -1.42 | -0.04 | 0.08 | -0.30 | -1.32 | -0.56 | -0.94 | -1.22 | -1.40 | -0.42 | -0.92 | -0.84 | -0.28 | -0.52 | -0.05 | -0.24 |
| Weighted Average OS | 84.09M | 70.26M | 69.31M | 57.74M | 48.81M | 45.38M | 45.87M | 40.26M | 38.27M | 37.33M | 36.37M | 27.75M | 19.67M | 10.63M | 10.50M | 8.75M | 7.31M | 8.42M | 6.53M | 5.10M | 5.10M |
| EBITDA | -$56.39M | $35.84M | -$64.48M | -$117M | -$43.27M | -$50.01M | $11.5M | $14.35M | $4.07M | -$35.16M | $10.91M | -$10.26M | -$14.92M | -$8.59M | $888K | -$6.79M | -$5.25M | -$2.04M | -$3.37M | $676K | $1.11M |
| EBITDA Margin | -28.9% | 18.9% | -37.6% | -29.0% | -11.1% | -40.6% | 8.2% | 11.4% | 3.5% | -33.5% | 12.5% | -24.9% | -43.9% | -224.0% | 7.7% | -72.4% | -151.9% | -53.3% | -348.5% | 26.0% | 33.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Assets | |||||||||||||||||||||
| Current Assets | |||||||||||||||||||||
| Cash and Cash Equivalents | $122.5M | $187.99M | $140.86M | $323.35M | $387.27M | $228.35M | $71.99M | $86.12M | $37.48M | $39.4M | $46.82M | $32.24M | $40.79M | $930K | $11.07M | $38.82M | $26.32M | $20.91M | $14.97M | $127K | $1.83M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21K | $4.09M | $12.54M | $23.07M | $8.66M | $0 | $4.48M | $12.91M | $1.88M | $3.77M |
| Cash and Short-Term Investments | $122.5M | $187.99M | $140.86M | $323.35M | $387.27M | $228.35M | $71.99M | $86.12M | $37.48M | $39.4M | $46.82M | $32.26M | $44.87M | $13.47M | $34.14M | $47.48M | $26.32M | $25.39M | $27.88M | $2.01M | $5.6M |
| Accounts Receivable | $31.07M | $39.33M | $46.53M | $26.71M | $49.17M | $21.49M | $26.85M | $12.58M | $19.69M | $18.89M | $17.6M | $7.65M | $8.46M | $1.17M | $1.95M | $0 | $0 | $0 | $623K | $0 | $0 |
| Inventory | $56.12M | $59.95M | $49.68M | $39.22M | $138.64M | $30.09M | $28.79M | $25.39M | $22.27M | $25.36M | $29.81M | $8.14M | $5.38M | $1.03M | $1.06M | $665K | $0 | $0 | $278K | $200K | $270K |
| Other Current Assets | $38.93M | $46.78M | $56.57M | $85.15M | $79.36M | $64.6M | $16.67M | $11.46M | $8.76M | $10.51M | $35.79M | $20.04M | $12.06M | $2.21M | $134K | $0 | $0 | $0 | $2.64M | $3.74M | $2.04M |
| Total Current Assets | $248.62M | $334.06M | $293.63M | $474.43M | $654.49M | $344.57M | $144.3M | $140.74M | $93.23M | $101.89M | $130.02M | $68.09M | $70.77M | $17M | $37.38M | $52.38M | $33.26M | $32.55M | $31.42M | $5.95M | $7.91M |
| Long-Term Assets | |||||||||||||||||||||
| Property, Plant & Equipment Net | $154.21M | $176.65M | $174.94M | $172.09M | $194.2M | $87.31M | $77.46M | $42.45M | $42.87M | $43.62M | $47.41M | $46.49M | $50.35M | $13.51M | $14.88M | $14.62M | $9.75M | $6.58M | $6.07M | $5.82M | $4.86M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $391K | $381K | $381K | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $24.97M | $28.22M | $28.56M | $32.08M | $36.53M | $39.56M | $46.71M | $50.15M | $54.15M | $65.87M | $110.12M | $117.53M | $139.71M | $19.03M | $22.14M | $17.32M | $5.79M | $0 | $623K | $4.36M | $2.87M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $2.37M | $2.38M | $2.53M | $1.25M | $374K | $476K | $450K | $372K | $252K | $160K | -$22.85M | $0 | $0 | $0 | $0 | -$541K | -$670K |
| Deferred Tax Assets | $9.3M | $10.73M | $7.36M | $6.3M | $4M | $6.22M | $5.57M | $3M | $1.88M | -$476K | -$450K | -$372K | -$252K | $9.88M | $23.07M | $0 | $0 | $0 | $1.39M | $541K | $670K |
| Other Long-Term Assets | $8.48M | $8.98M | $9.48M | $9.27M | $21.54M | $21.76M | $19.17M | $19.25M | $19.03M | $19.76M | $19.88M | $22.07M | $22.99M | -$3K | $6.66M | $4.5M | $2.54M | $845K | $121K | $541K | $670K |
| Total Long-Term Assets | $196.96M | $224.58M | $220.35M | $219.74M | $258.65M | $157.23M | $151.45M | $116.12M | $118.31M | $129.24M | $177.42M | $186.09M | $213.44M | $42.95M | $44.27M | $36.43M | $18.08M | $13.68M | $12.8M | $10.72M | $8.4M |
| Other Assets | -$1K | $0 | $0 | $0 | -$1K | $0 | $0 | $0 | $0 | -$1K | $1K | $2K | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $445.58M | $558.64M | $513.98M | $694.17M | $913.15M | $501.81M | $295.75M | $256.85M | $211.53M | $231.13M | $307.44M | $254.18M | $284.21M | $59.96M | $81.65M | $88.82M | $51.34M | $46.23M | $44.22M | $16.67M | $16.31M |
| Liabilities | |||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||
| Accounts Payable | $10.14M | $14.12M | $19.62M | $16.2M | $17.91M | $27.82M | $9.91M | $10.25M | $5.87M | $2.23M | $7.07M | $5.8M | $7.25M | $846K | $938K | $722K | $1.1M | $1.14M | $945K | $640K | $589K |
| Short-Term Debt | $20M | $23.3M | $49.25M | $12.94M | $7.94M | $7.81M | $2.23M | $18.62M | $18.48M | $22.46M | $27.75M | $7.02M | $6.03M | $1.83M | $1.71M | $1.4M | $1.14M | $0 | $632K | $502K | $393K |
| Current Income Tax Payable | $7.72M | $9.04M | $706K | $18.18M | $93K | $0 | $2.75M | $1.57M | $360K | $8.58M | $8.17M | $6.03M | $5.69M | $2M | $2.03M | $1.67M | $1.43M | $1.01M | $647K | $718K | $640K |
| Current Unearned Revenue | $483K | $3.36M | $6.36M | $10.51M | $138.55M | $100.08M | $775K | $1.88M | $0 | $0 | $0 | $0 | $0 | $1.63M | $2.24M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $45.59M | $49.82M | $62.43M | $205.57M | $178.05M | $39.7M | $14.77M | $6.74M | $8.36M | $8.57M | -$1.91M | $4.29M | $5.85M | $3.38M | $3.6M | $10.39M | $4.14M | $3.77M | $2.44M | $1.83M | $2.29M |
| Total Current Liabilities | $104.27M | $128.01M | $177.48M | $309.9M | $412.22M | $196.48M | $46.14M | $47.98M | $42.09M | $43.45M | $51.8M | $30.58M | $31.39M | $10.96M | $14.9M | $14.44M | $7.82M | $5.91M | $4.41M | $3.69M | $3.91M |
| Long-Term Liabilities | |||||||||||||||||||||
| Long-Term Debt | $180.16M | $186.04M | $148.33M | $97.45M | $56.67M | $51.81M | $27.17M | $15.94M | $30.65M | $38.01M | $53.84M | $41.13M | $38.93M | $5.67M | $5.89M | $6.19M | $5.99M | $0 | $3.49M | $3.23M | $3.03M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $5.3M | $65K | $818K | $3.41M | $5.48M | $0 | $0 | $0 | $0 | $3.07M | $3.67M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $4.93M | $4.65M | $4.06M | $775K | $1.44M | $460K | $0 | $0 | $73K | $73K | $125K | $115K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $9.3M | $7.92M | $8.33M | $9.02M | $186.96M | $111.31M | $7.41M | $732K | -$72K | $7.08M | $8.72M | $10.69M | $19.3M | $11M | $12.01M | $18.71M | $12.36M | $9.69M | $3.84M | $4.55M | $4.04M |
| Total Long-Term Liabilities | $222.7M | $228.13M | $193.22M | $138.7M | $310.35M | $218.83M | $98.62M | $48.91M | $65.91M | $75.91M | $94.39M | $84.58M | $91.81M | $19.74M | $21.56M | $24.9M | $18.35M | $9.69M | $7.41M | $7.77M | $7.07M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $326.97M | $356.14M | $370.7M | $448.61M | $722.57M | $415.31M | $144.76M | $96.88M | $108M | $119.35M | $146.19M | $115.15M | $123.2M | $30.69M | $36.46M | $39.34M | $26.17M | $15.61M | $11.81M | $11.47M | $10.97M |
| Stockholders' Equity | |||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $29.08M | $27.24M | $23.28M | $23.19M | $17.64M | $15.25M | $15.24M | $15.24M | $13M | $13M | $12.52M | $9.44M | $9.17M | $3.6M | $3.54M | $3.52M | $2.48M | $2.45M | $2.43M | $1.48M | $1.47M |
| Retained Earnings | -$758.71M | -$630.02M | -$616.34M | -$503.02M | -$342.95M | -$260.92M | -$188.98M | -$187.88M | -$192.05M | -$183.81M | -$126.06M | -$101.35M | -$69.73M | -$44.06M | -$27.75M | -$22.92M | -$14.68M | -$8.88M | -$3.35M | -$3.87M | -$3.71M |
| Comprehensive Income & Other | $45.51M | $44.86M | $73.44M | $61.73M | $58.67M | $58.48M | $51.12M | $0 | -$38.29M | -$39.93M | -$38.48M | -$34.69M | -$30.64M | -$8.74M | -$6.94M | $0 | $0 | $0 | -$1.79M | $0 | $0 |
| Other Stockholders' Equity | $848.24M | $805.28M | $736.34M | $725.39M | $515.89M | $332.17M | $324.73M | $332.61M | $282.58M | $282.58M | $274.79M | $230.93M | $221.57M | $69.73M | $69.4M | $68.88M | $37.37M | $37.06M | $33.33M | $7.59M | $7.58M |
| Total Equity | $118.61M | $202.5M | $143.28M | $245.56M | $190.57M | $86.5M | $150.99M | $159.97M | $103.53M | $111.78M | $161.25M | $139.03M | $161M | $29.26M | $45.19M | $49.48M | $25.17M | $30.63M | $32.41M | $5.21M | $5.34M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $445.58M | $558.64M | $513.98M | $694.17M | $913.15M | $501.81M | $295.75M | $256.85M | $211.53M | $231.13M | $307.44M | $254.18M | $284.21M | $59.96M | $81.65M | $88.82M | $51.34M | $46.23M | $44.22M | $16.67M | $16.31M |
| Supplementary Data | |||||||||||||||||||||
| Total Debt | $231.54M | $241.66M | $233.29M | $170.24M | $128.09M | $117.81M | $95.2M | $64.35M | $79.87M | $92.17M | $114.24M | $81.73M | $79.64M | $7.5M | $7.59M | $7.59M | $7.13M | $5.17M | $4.12M | $3.73M | $3.42M |
| Net Debt | $109.04M | $53.67M | $92.43M | -$153.11M | -$259.18M | -$110.54M | $23.21M | -$21.77M | $42.4M | $52.77M | $67.42M | $49.49M | $38.85M | $6.57M | -$3.48M | -$31.23M | -$19.19M | -$15.74M | -$10.84M | $3.6M | $1.59M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | -$128.69M | -$13.68M | -$113.32M | -$160.07M | -$82.03M | -$71.94M | -$1.95M | $3.65M | -$12.83M | -$54.95M | -$23.03M | -$29.35M | -$26.94M | -$16.58M | -$4.94M | -$8.9M | -$6.86M | -$2.67M | -$3.76M | -$275K | -$1.56M |
| Depreciation & Amortization | $24.3M | $21.88M | $19.64M | $23.5M | $15.95M | $10.95M | $9.53M | $7.63M | $12.45M | $12.59M | $12.78M | $13.81M | $10.12M | $5.34M | $3.71M | $2.93M | $1.78M | $1.46M | $1.36M | $366K | $1.69M |
| Deferred Income Tax | $1.2M | $850K | $3.13M | -$1.72M | $3.85M | -$1.02M | $976K | $98K | -$1.2M | $399K | $266K | $373K | $389K | $198K | -$3.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $10.65M | $8.91M | $5.71M | -$9.67M | $16.21M | $7.07M | $2.85M | $2.11M | $906K | $1.6M | $1.14M | $592K | $200K | $261K | $602K | $657K | $1.05M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $14.89M | $17.55M | -$3.19M | $13.85M | -$23.85M | -$26.84M | -$19.3M | $4.84M | $667K | $2.64M | -$3.61M | -$312K | -$3.78M | -$185K | -$471K | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.15M | -$7.6M | -$10.24M | $94.1M | -$103.2M | -$4.69M | -$2.7M | -$3.12M | $1.19M | $3.3M | $8.42M | -$2.09M | $6.31M | $34K | -$398K | -$102K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | -$19.44M | $0 | $39.37M | $7.31M | $14.54M | $0 | $2.83M | $0 | $0 | $0 | $0 | $572K | $578K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$16.21M | -$22.88M | -$129.2M | -$271.04M | $128.05M | $209.91M | $4.11M | $6.46M | $2.23M | -$1.43M | -$26.09M | -$5.2M | -$13.2M | -$3.72M | -$8.09M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$165K | -$12.93M | -$162.07M | -$163.09M | $40.36M | $185.69M | -$3.35M | $3.34M | $3.42M | $1.87M | -$17.67M | -$7.29M | -$6.9M | -$3.3M | -$8.49M | $2.24M | $5.02M | -$346K | -$883K | $1.23M | $2.69M |
| Other Non-Cash Items | $33.62M | -$80.13M | $20.39M | $36.95M | $91.57M | $23.13M | -$1.88M | $1.39M | $11.6M | $45.77M | -$671K | $5.17M | -$227K | -$695K | $3.04M | -$451K | $1.11M | -$504K | -$704K | -$4.38M | -$2.07M |
| Net Cash from Operating | -$59.09M | -$75.1M | -$226.51M | -$274.1M | $85.91M | $153.88M | $6.18M | $18.22M | $14.33M | $7.27M | -$27.19M | -$16.7M | -$23.35M | -$14.77M | -$9.67M | -$3.52M | $1.05M | -$2.06M | -$3.98M | -$3.06M | $761K |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$4.94M | -$15.49M | -$15.9M | -$32.67M | -$104.09M | -$21.75M | -$12.16M | -$3.54M | -$4.51M | -$4.11M | -$2.96M | -$4.18M | -$3.66M | -$918K | -$9.07M | -$6.3M | -$4.62M | -$1.47M | -$1.27M | -$1.28M | -$4.19M |
| Acquisitions | $0 | $0 | -$12.23M | $0 | $0 | $0 | $0 | $85K | $0 | $17.07M | -$27.01M | $3.12M | $12.98M | -$3.08M | -$2.81M | -$3.24M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$105K | $0 | -$2.23M | -$15.21M | $1.76M | -$67K | -$50K | -$21K | $0 | $0 | $0 | $1.89M | -$3.77M |
| Sales of Investments | $940K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.14M | $11.21M | -$8K | -$6.91M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $2.09M | $101.42M | $5.14M | $215K | $61K | $146K | $222K | $284K | $80K | $3.68M | $292K | -$642K | $2.12M | -$1.86M | $12.75M | -$196K | $361K | -$4K | -$1.45M | -$506K | $433K |
| Net Cash from Investing | -$1.91M | $85.93M | -$23M | -$32.46M | -$104.03M | -$21.61M | -$11.94M | -$3.26M | -$4.54M | $16.63M | -$29.68M | $2.23M | $24.42M | -$5.94M | -$6.1M | -$9.74M | -$4.26M | -$1.47M | -$1.45M | $103K | -$7.52M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$68K | $7.25M | -$84.78M | -$38.53M | $4.36M | -$29.23M | $2.92M | $15.81M | $5.93M | $26.07M | -$24.71M | $3.83M | $2.51M | -$44K | $128K | -$457K | -$1.98M | -$1.05M | -$394K | -$308K | -$3.41M |
| Common Stock Issuance | $33.52M | $63.84M | $0 | $212.09M | $186.37M | $324K | $23K | $55.06M | $0 | $8.35M | $47M | $9.72M | $42.03M | $149K | $28K | $32.78M | $30K | $111K | $30.93M | $25K | $1.4M |
| Common Stock Repurchases | $0 | $0 | -$268K | $0 | $0 | $0 | -$2.78M | -$26K | -$164K | $0 | $0 | $0 | -$764K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$34.28M | -$22.31M | -$14.04M | -$10.29M | -$9.4M | -$5.26M | -$2.93M | -$4.65M | -$5.56M | -$12.21M | -$5.03M | $0 | -$1K | $10.53M | -$11.96M | -$7.48M | $6.62M | $8.31M | -$16K | $916K | $1.05M |
| Net Cash from Financing | -$694K | $34.28M | $70.47M | $240.33M | $172.61M | $24.29M | -$8.6M | $34.57M | -$11.66M | -$29.93M | $71.72M | $5.89M | $38.75M | $10.72M | -$12.06M | $25.76M | $8.63M | $9.47M | $31.31M | $1.25M | $5.86M |
| Forex Effect | -$3.8M | $2.02M | -$228K | -$925K | $4.42M | -$204K | $231K | -$888K | -$59K | -$1.39M | -$275K | $28K | $40K | -$26K | -$49K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$65.49M | $47.14M | -$179.26M | -$67.15M | $158.97M | $156.4M | -$14.13M | $48.64M | -$1.92M | -$7.42M | $14.58M | -$8.55M | $39.86M | -$10.01M | -$27.88M | $12.5M | $5.41M | $5.94M | $25.87M | -$1.7M | -$900K |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | -$59.09M | -$75.1M | -$226.51M | -$274.1M | $85.91M | $153.88M | $6.18M | $18.22M | $14.33M | $7.27M | -$27.19M | -$16.7M | -$23.35M | -$14.77M | -$9.67M | -$3.52M | $1.05M | -$2.06M | -$3.98M | -$3.06M | $761K |
| Capital Expenditure | -$5.01M | -$18.37M | -$15.99M | -$32.76M | -$104.09M | -$21.75M | -$12.16M | -$3.54M | -$4.51M | -$4.11M | -$2.96M | -$4.18M | -$3.66M | -$918K | -$9.07M | -$6.3M | -$4.62M | -$1.47M | -$1.27M | -$1.28M | -$4.19M |
| Free Cash Flow | -$64.1M | -$93.47M | -$242.49M | -$306.86M | -$18.18M | $132.13M | -$5.98M | $14.67M | $9.82M | $3.15M | -$30.14M | -$20.87M | -$27.01M | -$15.69M | -$18.74M | -$9.83M | -$3.57M | -$3.52M | -$5.25M | -$4.34M | -$3.42M |
| Cash at Beginning | $187.99M | $140.86M | $320.11M | $387.27M | $228.35M | $71.99M | $86.12M | $37.48M | $39.4M | $46.82M | $32.24M | $40.79M | $930K | $10.94M | $38.82M | $26.32M | $20.91M | $14.97M | $2.01M | $1.83M | $2.73M |
| Cash at End | $122.5M | $187.99M | $140.86M | $320.11M | $387.32M | $228.39M | $71.99M | $86.12M | $37.48M | $39.4M | $46.82M | $32.24M | $40.79M | $928K | $10.94M | $38.82M | $26.32M | $20.91M | $27.88M | $127K | $1.83M |