# Velan Inc. (VLNSF)

> Industrials · CA · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/VLNSF/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $ 301.56M | $ 66.90M | $ -189.23M | $ 35.85M | $ 185.21M |
| 2024 | $ 384.99M | $ -68.47M | $ 23.06M | $ 25.24M | $ 115.87M |
| 2023 | $ 372.02M | $ -70.08M | $ -4.55M | $ 44.07M | $ 184.98M |
| 2022 | $ 424.65M | $ -37.85M | $ -18.69M | $ 47.24M | $ 245.63M |
| 2021 | $ 442.06M | $ 5.69M | $ -18.46M | $ 60.45M | $ 293.03M |
| 2020 | $ 420.64M | $ -10.94M | $ -11.26M | $ 72.03M | $ 294.84M |
| 2019 | $ 468.97M | $ -4.85M | $ -895.8K | $ 75.56M | $ 293.38M |
| 2018 | $ 480.90M | $ -19.31M | $ -29.95M | $ 43.53M | $ 303.76M |
| 2017 | $ 455.59M | $ -7.93M | $ -35.0K | $ 35.35M | $ 322.48M |
| 2016 | $ 463.79M | $ -5.22M | $ 5.28M | $ 23.69M | $ 323.87M |
| 2015 | $ 608.30M | $ 22.72M | $ 38.42M | $ 24.38M | $ 335.38M |
| 2014 | $ 652.75M | $ 34.27M | $ 33.96M | $ 33.97M | $ 346.99M |
| 2013 | $ 726.21M | $ 21.98M | $ 91.13M | $ 63.34M | $ 341.95M |
| 2012 | $ 687.64M | $ 23.48M | $ -30.36M | $ 76.27M | $ 324.88M |
| 2011 | $ 647.30M | $ 2.80M | $ -38.67M | $ 37.38M | $ 323.84M |
| 2010 | $ 579.96M | $ 17.92M | $ 19.02M | $ 9.14M | $ 335.88M |
| 2009 | $ 639.22M | $ 93.24M | $ 50.22M | $ 8.00M | $ 329.90M |
| 2008 | $ 642.41M | $ 80.60M | $ 3.87M | $ 5.60M | $ 251.16M |
| 2007 | $ 675.90M | $ 20.18M | $ -32.63M | $ 39.50M | $ 258.50M |
| 2006 | $ 508.96M | $ 10.84M | $ 6.23M | $ 9.62M | $ 216.31M |
| 2005 | $ 123.05M | $ 2.76M | $ -3.64M | $ 13.30M | $ 200.61M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.19 |
| Liabilities / Eq | 0.84 |
| Current Ratio | 2.34 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 4.21 |
| Gross Debt / FCF | 4.23 |

## Other views

- [Metrics](https://sponda.capital/en/VLNSF.md)
- [Charts](https://sponda.capital/en/VLNSF/charts.md)
- [Compare](https://sponda.capital/en/VLNSF/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-13.