Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 128.69 M118.29 M124.27 M137.81 M146.46 M 526.83 M Research & development 54.27 M40.04 M47.96 M63.35 M34.82 M 186.18 M Operating income 75.79 M100.35 M111.37 M70.34 M112.03 M 394.1 M Non-Operating Income, Total -91.11 M-62.86 M-59.66 M-75.57 M-56.8 M -254.89 M Interest expense, net of interest capitalized ————— — Non-Operating Income, excl. Interest Expenses -93.28 M-63.38 M-61.27 M-76.8 M-69.96 M -271.41 M Unusual income/expense 2.17 M518 K1.6 M1.24 M13.16 M 16.52 M Pretax income -15.32 M37.49 M51.71 M-5.22 M55.23 M 139.21 M Equity in earnings ————— — Taxes 5.42 M12.87 M16.1 M-23.36 M5.66 M 11.28 M Non-controlling/minority interest 10.34 M12.42 M13.19 M15.76 M14.5 M 55.88 M After tax other income/expense -3.43 M-1.31 M-941 K-1.32 M-1.16 M -4.73 M Net income before discontinued operations -20.74 M12.2 M22.42 M2.37 M35.08 M 72.06 M Discontinued operations ————— — Net income -20.74 M12.2 M22.42 M2.37 M35.08 M 72.06 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -31.08 M12.2 M22.42 M2.37 M35.08 M 72.06 M Basic earnings per share (Basic EPS) -0.10.040.070.010.11 0.23 Diluted earnings per share (Diluted EPS) -0.10.040.070.010.1 0.22 Average basic shares outstanding 308.98 M311.05 M313.74 M314.17 M313.37 M 1.25 B Diluted shares outstanding 308.98 M323.96 M322.36 M324.75 M324.81 M 1.3 B EBITDA 82.6 M103.8 M120.26 M54.89 M115.44 M 394.4 M EBIT -97.82 M51.79 M67.59 M10.26 M-54.58 M 75.07 M Cost of revenue 467.64 M439.53 M438.25 M510.54 M517.13 M 1.91 B Other cost of goods sold 32.95 M23.67 M14.76 M20.89 M26.64 M 85.96 M Depreciation & amortization (cash flow) 180.42 M52.01 M52.67 M44.63 M170.01 M 319.33 M