Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25Q1, 26 TTM Selling/general/admin expenses 45.4 M61.08 M78.35 M75.67 M84.01 M81.22 M 319.24 M Research & development 40.13 M43.59 M61.54 M52.15 M59.05 M43.01 M 215.74 M Operating income 10.89 M-24.63 M-32.06 M-36.56 M-23.42 M6.53 M -85.51 M Non-Operating Income, Total 9.42 M7.86 M11.69 M8.51 M8.04 M13.22 M 41.46 M Interest expense, net of interest capitalized —————— — Non-Operating Income, excl. Interest Expenses 032 K-20 K61 K-40 K-27 K -26 K Unusual income/expense 9.42 M7.82 M11.71 M8.45 M8.07 M13.25 M 41.49 M Pretax income 20.06 M-18.37 M-22.84 M-31.88 M-21.23 M13.97 M -61.98 M Equity in earnings -240 K-1.56 M-2.49 M-3.78 M-5.89 M-5.8 M -17.95 M Taxes 4.11 M150 K-1.4 M44 K-424 K615 K -1.16 M Non-controlling/minority interest 13.12 M-15.04 M-17.51 M-26.01 M-16.89 M10.76 M -49.66 M After tax other income/expense —————— — Net income before discontinued operations 2.84 M-3.48 M-3.92 M-5.91 M-3.92 M2.6 M -11.16 M Discontinued operations —————— — Net income 2.84 M-3.48 M-3.92 M-5.91 M-3.92 M2.6 M -11.16 M Dilution adjustment —————— — Preferred dividends —————— — Diluted net income available to common stockholders 2.84 M-3.48 M-3.92 M-5.91 M-3.92 M2.6 M -11.16 M Basic earnings per share (Basic EPS) 0.03-0.03-0.04-0.05-0.040.02 -0.11 Diluted earnings per share (Diluted EPS) 0.03-0.03-0.04-0.05-0.040.02 -0.11 Average basic shares outstanding 95.7 M106.1 M107.73 M109.2 M108.67 M115.47 M 441.07 M Diluted shares outstanding 95.7 M106.1 M107.73 M109.2 M108.67 M127.87 M 453.47 M EBITDA 17.32 M-16.98 M-19 M-22.35 M-17.95 M15.23 M -44.06 M EBIT 10.89 M-24.63 M-32.06 M-36.56 M-23.42 M6.53 M -85.51 M Cost of revenue 468.15 M406.65 M441.82 M484.5 M492.31 M496.56 M 1.92 B Other cost of goods sold -775 K688 K292 K3.92 M2.25 M4.83 M 11.29 M Depreciation & amortization (cash flow) 6.43 M7.64 M13.06 M14.2 M5.48 M8.7 M 41.45 M