Quick Answer
Valneva SE reported R&D Expense of $85.30 million for fiscal year 2025.
Valneva SE R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $85.30M | +15.1% |
| 2024 | $74.14M | +23.8% |
| 2023 | $59.89M | -42.9% |
| 2022 | $104.92M | -39.5% |
| 2021 | $173.28M | +105.2% |
| 2020 | $84.45M | +122.1% |
| 2019 | $38.02M | — |
- Valneva SE showed an increase of +15.1% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Valneva SE’s r&d expense has grown by 124.4% (from $38.02 million to $85.30 million).
- The most recent figure is from Valneva SE’s fiscal year 2025 report (Form 20-F), filed with the SEC on March 17, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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