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Velan Inc.

CAD 18.13 -$0.83 (-4.38%)

TSX · 14 Sep 2026 20:10 UTC

Previous Close

CAD 18.13

Day Range

CAD 18.13 - CAD 18.13

Year Range

CAD 13.61CAD 19.5

Market Cap

391.35M

AVG Volume

3.17K

Trailing/Forward PE

-23.38/-

PEG ratio

-0.65

Dividend Yield

0.55%

Next Earnings Date

2026-10-08

Primary Exchange

Toronto Stock Exchange

Revenue (USD)

VLN.TO Revenue (USD) by quarter
Period	Revenue (USD)
27 Q1	57.83M
26 Q4	85.52M
26 Q3	71.66M
26 Q2	67.61M
26 Q1	72.23M
25 Q4	83.2M
25 Q3	73.4M
25 Q2	98.65M
25 Q1	77.5M
24 Q4	117.89M

Net Income (USD)

VLN.TO Net Income (USD) by quarter
Period	Net Income (USD)
27 Q1	-9.44M
26 Q4	-3.88M
26 Q3	3M
26 Q2	-2.44M
26 Q1	77.2M
25 Q4	-12.42M
25 Q3	-62.1M
25 Q2	121K
25 Q1	-1.1M
24 Q4	-2.08M

Operating Income (USD)

VLN.TO Operating Income (USD) by quarter
Period	Operating Income (USD)
27 Q1	-7.22M
26 Q4	-1.25M
26 Q3	5.85M
26 Q2	385K
26 Q1	-3.79M
25 Q4	-18.58M
25 Q3	-62.38M
25 Q2	2.23M
25 Q1	1.23M
24 Q4	5.35M

EBITDA (USD)

VLN.TO EBITDA (USD) by quarter
Period	EBITDA (USD)
27 Q1	-5.58M
26 Q4	1.2M
26 Q3	8.18M
26 Q2	3.34M
26 Q1	-1.45M
25 Q4	-16.01M
25 Q3	-60.23M
25 Q2	5.24M
25 Q1	3.68M
24 Q4	15.01M

Cash Flows (USD)

VLN.TO Cash Flows (USD) by quarter
Period	Cash Flows (USD)
27 Q1	-19.2M
26 Q4	23.09M
26 Q3	-9.4M
26 Q2	-18.08M
26 Q1	-161.97M
25 Q4	4.91M
25 Q3	-5.03M
25 Q2	8.35M
25 Q1	3.23M
24 Q4	15.47M

EPS (USD)

VLN.TO EPS (USD) by quarter
Period	EPS (USD)
27 Q1	-0.44
26 Q4	-0.18
26 Q3	0.14
26 Q2	-0.08
26 Q1	3.58
25 Q4	-0.77
25 Q3	-2.88
25 Q2	0.01
25 Q1	-0.05
24 Q4	-0.1

Expenses (USD)

VLN.TO Expenses (USD) by quarter
Period	Expenses (USD)
27 Q1	16.51M
26 Q4	18.74M
26 Q3	18.18M
26 Q2	16.36M
26 Q1	20.27M
25 Q4	19.6M
25 Q3	22.02M
25 Q2	26.56M
25 Q1	23.48M
24 Q4	27.44M

Cash & Debt (USD)

VLN.TO Cash & Debt (USD) by quarter
Period	Cash & Debt (USD)
27 Q1	35.93M
26 Q4	53.68M
26 Q3	36.7M
26 Q2	36.63M
26 Q1	59.5M
25 Q4	35.23M
25 Q3	35.42M
25 Q2	49.27M
25 Q1	50.98M
24 Q4	41.72M

Debt ratios

VLN.TO Debt ratios by quarter
Period	Debt ratios
27 Q1	0.12
26 Q4	-1.6
26 Q3	0.14
26 Q2	0.11
26 Q1	0.49
25 Q4	0.15
25 Q3	0.28
25 Q2	-0.56
25 Q1	-1.41
24 Q4	-0.03

Margins

VLN.TO Margins by quarter
Period	Margins
27 Q1	19.64%
26 Q4	20.75%
26 Q3	37.92%
26 Q2	31.81%
26 Q1	28.56%
25 Q4	23.83%
25 Q3	38.56%
25 Q2	27.03%
25 Q1	30.73%
24 Q4	32.56%

Return on Capital

VLN.TO Return on Capital by quarter
Period	Return on Capital
27 Q1	-5.65%
26 Q4	-2.13%
26 Q3	1.61%
26 Q2	-1.4%
26 Q1	42.83%
25 Q4	-12.58%
25 Q3	-53.17%
25 Q2	0.07%
25 Q1	-0.61%
24 Q4	-1.14%

Shares Outstanding

VLN.TO Shares Outstanding by quarter
Period	Shares Outstanding
27 Q1	21.59M
26 Q4	21.59M
26 Q3	21.59M
26 Q2	21.59M
26 Q1	21.59M
25 Q4	16.04M
25 Q3	21.59M
25 Q2	21.59M
25 Q1	21.59M
24 Q4	21.59M

Dividends (USD)

VLN.TO Dividends (USD) by quarter
Period	Dividends (USD)
Nov 25	0.1
Aug 25	0.1
Jun 25	0.33
Feb 25	0.03
Jun 23	0.03
Jun 22	0.03
Mar 20	0.03
Dec 19	0.03
Sep 19	0.03
Jun 19	0.03

Book Value Per Share (USD)

VLN.TO Book Value Per Share (USD) by quarter
Period	Book Value Per Share (USD)
27 Q1	7.74
26 Q4	8.43
26 Q3	8.64
26 Q2	8.06
26 Q1	8.35
25 Q4	6.16
25 Q3	5.41
25 Q2	8.45
25 Q1	8.45
24 Q4	8.49

Total Assets (USD)

VLN.TO Total Assets (USD) by quarter
Period	Total Assets (USD)
27 Q1	317.43M
26 Q4	346.3M
26 Q3	343.08M
26 Q2	315.79M
26 Q1	334.93M
25 Q4	501.97M
25 Q3	510.39M
25 Q2	498M
25 Q1	477.14M
24 Q4	479.39M

PE Ratio

VLN.TO PE Ratio by quarter
Period	PE Ratio
Aug 26	3.89
Aug 26	3.92
Aug 26	4.02
Aug 26	3.87
Jul 26	3.79
Jul 26	3.61
Jul 26	3.56
Jul 26	3.49
Jul 26	3.35
Jun 26	3.31
Jun 26	3.49
Jun 26	3.24
Jun 26	3.3
May 26	3.3
May 26	3.68
May 26	3.83
May 26	3.75
May 26	3.71
Apr 26	3.69
Apr 26	3.86
Apr 26	3.82
Apr 26	3.73
Mar 26	3.75
Mar 26	3.85
Mar 26	3.85
Mar 26	3.84
Feb 26	1017.07
Feb 26	1017.59
Feb 26	983.2
Feb 26	951.25
Jan 26	958.86
Jan 26	970.28
Jan 26	920.27
Jan 26	1190.35
Jan 26	1197.34
Dec 25	1160.47
Dec 25	1148.02
Dec 25	1152.12
Dec 25	1148.39
Nov 25	99.42
Nov 25	97
Nov 25	98.09
Nov 25	90.25
Oct 25	89.98
Oct 25	85.92
Oct 25	85.55
Oct 25	86.66
Oct 25	87.04
Sep 25	86.42
Sep 25	88.91
Sep 25	86.68
Sep 25	86.41
Aug 25	84.21
May 22	31.87
May 22	30.63
May 22	28.49
May 22	29.69
Apr 22	30.51
Apr 22	32.82
Apr 22	33.37
Apr 22	35.51
Apr 22	37.42
Mar 22	36.51
Mar 22	35.74
Mar 22	35.05
Mar 22	33.95
Feb 22	16.53
Feb 22	15.19
Feb 22	15.59
Feb 22	15.85
Jan 22	15.02
Jan 22	15.84
Jan 22	15.26
Jan 22	14.54
Dec 21	14.28
Dec 21	14.33
Dec 21	14.21
Dec 21	14.62
Dec 21	14.83
Nov 21	50.05
Nov 21	53.51
Nov 21	54.66
Nov 21	54.41
Oct 21	53.22
Oct 21	50.17
Oct 21	49.84
Oct 21	51.34
Oct 21	47.95
Sep 21	48.47
Sep 21	48.94
Sep 21	49.61
Sep 21	48.39
Aug 21	47.76
Aug 21	47.56
Aug 21	49.64
Aug 21	52.9
Jul 21	55.55
Jul 21	53.9
Jul 21	55.24
Jul 21	59.84

Free Cash Flow Yield

VLN.TO Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	-8.36%
Sep 26	-8.28%
Aug 26	-57.91%
Aug 26	-57.49%
Aug 26	-55.95%
Aug 26	-58.15%
Jul 26	-59.33%
Jul 26	-62.41%
Jul 26	-63.18%
Jul 26	-64.57%
Jul 26	-67.17%
Jun 26	-67.95%
Jun 26	-64.48%
Jun 26	-69.5%
Jun 26	-68.2%
May 26	-68.33%
May 26	-76.69%
May 26	-73.67%
May 26	-75.32%
May 26	-76.16%
Apr 26	-76.56%
Apr 26	-73.14%
Apr 26	-73.99%
Apr 26	-75.79%
Mar 26	-75.4%
Mar 26	-73.3%
Mar 26	-73.31%
Mar 26	-73.6%
Feb 26	-71.14%
Feb 26	-71.11%
Feb 26	-73.59%
Feb 26	-76.07%
Jan 26	-75.46%
Jan 26	-74.57%
Jan 26	-78.63%
Jan 26	-60.79%
Jan 26	-60.43%
Dec 25	-62.35%
Dec 25	-63.03%
Dec 25	-62.8%
Dec 25	-63.01%
Nov 25	-55.03%
Nov 25	-56.41%
Nov 25	-55.78%
Nov 25	-60.63%
Oct 25	-60.81%
Oct 25	-63.68%
Oct 25	-63.96%
Oct 25	-63.13%
Oct 25	-62.86%
Sep 25	-63.31%
Sep 25	-61.53%
Sep 25	-63.12%
Sep 25	-63.32%
Aug 25	-64.97%
Aug 25	6.67%
Aug 25	6.83%
Aug 25	6.61%
Aug 25	6.61%
Jul 25	6.52%
Jul 25	6.59%
Jul 25	6.59%
Jul 25	6.88%
Jun 25	6.78%
Jun 25	7%
Jun 25	6.93%
Jun 25	6.9%
May 25	6.54%
May 25	8.75%
May 25	8.32%
May 25	8.43%
May 25	8.62%
Apr 25	8.37%
Apr 25	9.1%
Apr 25	9.27%
Apr 25	9.67%
Mar 25	8.96%
Mar 25	9.06%
Mar 25	10.28%
Mar 25	10.79%
Feb 25	9.83%
Feb 25	8.47%
Feb 25	8.96%
Feb 25	9.24%
Jan 25	8.43%
Jan 25	7.86%
Jan 25	7.96%
Jan 25	12.5%
Jan 25	12.57%
Dec 24	12.9%
Dec 24	13.12%
Dec 24	12.37%
Dec 24	12.95%
Nov 24	12.14%
Nov 24	-6.08%
Nov 24	-5.86%
Nov 24	-6.01%
Nov 24	-6.1%
Oct 24	-6.36%
Oct 24	-6.41%

Price to Sales

VLN.TO Price to Sales by quarter
Period	Price to Sales
Sep 26	1
Sep 26	1.01
Aug 26	0.97
Aug 26	0.97
Aug 26	1
Aug 26	0.96
Jul 26	0.94
Jul 26	0.9
Jul 26	0.89
Jul 26	0.87
Jul 26	0.83
Jun 26	0.82
Jun 26	0.87
Jun 26	0.81
Jun 26	0.82
May 26	0.82
May 26	0.82
May 26	0.85
May 26	0.83
May 26	0.82
Apr 26	0.82
Apr 26	0.86
Apr 26	0.85
Apr 26	0.83
Mar 26	0.83
Mar 26	0.85
Mar 26	0.85
Mar 26	0.85
Feb 26	0.85
Feb 26	0.85
Feb 26	0.83
Feb 26	0.8
Jan 26	0.81
Jan 26	0.82
Jan 26	0.77
Jan 26	1
Jan 26	1.01
Dec 25	0.97
Dec 25	0.96
Dec 25	0.97
Dec 25	0.96
Nov 25	0.85
Nov 25	0.83
Nov 25	0.84
Nov 25	0.77
Oct 25	0.77
Oct 25	0.74
Oct 25	0.73
Oct 25	0.74
Oct 25	0.75
Sep 25	0.74
Sep 25	0.76
Sep 25	0.74
Sep 25	0.74
Aug 25	0.72
Aug 25	0.52
Aug 25	0.5
Aug 25	0.52
Aug 25	0.52
Jul 25	0.53
Jul 25	0.52
Jul 25	0.52
Jul 25	0.5
Jun 25	0.51
Jun 25	0.49
Jun 25	0.5
Jun 25	0.5
May 25	0.53
May 25	0.69
May 25	0.72
May 25	0.71
May 25	0.69
Apr 25	0.72
Apr 25	0.66
Apr 25	0.65
Apr 25	0.62
Mar 25	0.67
Mar 25	0.66
Mar 25	0.58
Mar 25	0.56
Feb 25	0.61
Feb 25	0.65
Feb 25	0.61
Feb 25	0.59
Jan 25	0.65
Jan 25	0.7
Jan 25	0.69
Jan 25	0.44
Jan 25	0.44
Dec 24	0.43
Dec 24	0.42
Dec 24	0.44
Dec 24	0.42
Nov 24	0.45
Nov 24	0.5
Nov 24	0.52
Nov 24	0.51
Nov 24	0.5
Oct 24	0.48
Oct 24	0.48

EV/EBITDA

VLN.TO EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	39.63
Sep 26	40
Aug 26	23.89
Aug 26	24.07
Aug 26	24.78
Aug 26	23.78
Jul 26	23.28
Jul 26	22.05
Jul 26	21.76
Jul 26	21.26
Jul 26	20.37
Jun 26	20.12
Jun 26	21.29
Jun 26	19.64
Jun 26	20.04
May 26	20
Feb 25	11.94
Feb 25	11.26
Feb 25	10.91
Jan 25	12.01
Jan 25	12.92
Jan 25	12.75
Jan 25	7.92
Jan 25	7.87
Dec 24	7.65
Dec 24	7.52
Dec 24	8
Dec 24	7.62
Nov 24	8.17
Nov 24	8.98
Nov 24	9.37
Nov 24	9.11
Nov 24	8.94
Oct 24	8.53
Oct 24	8.45
Oct 24	7.41
Oct 24	6.29
Sep 24	6.51
Sep 24	4.81
Sep 24	4.51
Sep 24	4.46
Aug 24	4.29
Aug 24	10.14
Aug 24	9.92
Aug 24	9.4
Aug 24	9.52
Jul 24	10.02
Jul 24	9.38
Jul 24	9.86
Jul 24	9.36
Jun 24	9.56
Jun 24	9.41
Jun 24	9.3
Jun 24	9.12
May 24	8.84
May 23	6.89
May 23	6.91
May 23	6.9
May 23	6.96
Apr 23	6.86
Apr 23	6.85
Apr 23	6.91
Apr 23	6.82
Mar 23	6.89
Mar 23	6.79
Mar 23	6.79
Mar 23	6.74
Mar 23	6.83
Feb 23	4.78
Feb 23	4.83
Feb 23	4.87
Feb 23	2.51
Jan 23	1.81
Jan 23	1.87
Jan 23	1.89
Jan 23	1.85
Dec 22	1.81
Dec 22	1.73
Dec 22	1.81
Dec 22	1.98
Dec 22	1.75
Nov 22	1.26
Nov 22	1.26
Nov 22	1.37
Nov 22	1.3
Oct 22	1.22
Oct 22	1.21
Oct 22	1.39
Oct 22	1.54
Sep 22	1.49
Sep 22	1.6
Sep 22	1.79
Sep 22	1.85
Sep 22	1.9
Aug 22	2.03
Aug 22	2.05
Aug 22	2.17
Aug 22	2.08
Jul 22	2.09
Jul 22	2.18

Price/Operating Cashflow

VLN.TO Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Aug 25	7.92
Aug 25	7.74
Aug 25	8
Aug 25	8
Jul 25	8.11
Jul 25	8.01
Jul 25	8.02
Jul 25	7.68
Jun 25	7.79
Jun 25	7.55
Jun 25	7.63
Jun 25	7.65
May 25	8.08
May 25	7.26
May 25	7.63
May 25	7.53
May 25	7.36
Apr 25	7.59
Apr 25	6.97
Apr 25	6.85
Apr 25	6.56
Mar 25	7.09
Mar 25	7.01
Mar 25	6.17
Mar 25	5.88
Feb 25	6.46
Feb 25	8.15
Feb 25	7.71
Feb 25	7.48
Jan 25	8.2
Jan 25	8.79
Jan 25	8.68
Jan 25	5.53
Jan 25	5.49
Dec 24	5.35
Dec 24	5.27
Dec 24	5.58
Dec 24	5.33
Nov 24	5.69
Aug 24	23.3
Aug 24	22.8
Aug 24	21.61
Aug 24	21.89
Jul 24	23.04
Jul 24	21.57
Jul 24	22.67
Jul 24	21.52
Jun 24	21.98
Jun 24	21.63
Jun 24	21.38
Jun 24	20.97
May 24	20.33
May 24	29.02
May 24	29.59
May 24	29.56
May 24	29.88
Apr 24	28.36
Apr 24	28.19
Apr 24	30
Apr 24	31.1
Mar 24	29.69
Mar 24	26.02
Mar 24	25.99
Mar 24	26.05
Mar 24	26.16
Feb 24	17.82
Feb 24	17.96
Feb 24	17.99
Feb 24	18.22
Jan 24	18.25
Jan 24	18.07
Jan 24	18.17
Jan 24	18.2
Dec 23	18.81
Dec 23	17.83
Dec 23	17.65
Dec 23	17.8
Dec 23	18.43
Nov 23	3.97
Nov 23	3.83
Nov 23	3.92
Nov 23	4.07
Oct 23	3.87
Oct 23	4
Oct 23	4.04
Oct 23	3.86
Sep 23	7.74
Sep 23	7.11
Sep 23	7.51
Sep 23	7.2
Sep 23	7.23
Aug 23	316.73
Aug 23	308.22
Aug 23	309.49
Aug 23	310.61
Jul 23	394.78
Jul 23	397.18
Jul 23	397.45
Jul 23	396.21
Jun 23	398.18

Price to Book

VLN.TO Price to Book by quarter
Period	Price to Book
Sep 26	1.69
Sep 26	1.71
Aug 26	1.58
Aug 26	1.59
Aug 26	1.63
Aug 26	1.57
Jul 26	1.54
Jul 26	1.46
Jul 26	1.45
Jul 26	1.42
Jul 26	1.36
Jun 26	1.35
Jun 26	1.42
Jun 26	1.32
Jun 26	1.34
May 26	1.34
May 26	1.29
May 26	1.34
May 26	1.31
May 26	1.3
Apr 26	1.29
Apr 26	1.35
Apr 26	1.34
Apr 26	1.31
Mar 26	1.31
Mar 26	1.35
Mar 26	1.35
Mar 26	1.34
Feb 26	1.46
Feb 26	1.46
Feb 26	1.41
Feb 26	1.36
Jan 26	1.37
Jan 26	1.39
Jan 26	1.32
Jan 26	1.7
Jan 26	1.71
Dec 25	1.66
Dec 25	1.64
Dec 25	1.65
Dec 25	1.64
Nov 25	1.55
Nov 25	1.51
Nov 25	1.53
Nov 25	1.41
Oct 25	1.4
Oct 25	1.34
Oct 25	1.33
Oct 25	1.35
Oct 25	1.36
Sep 25	1.35
Sep 25	1.39
Sep 25	1.35
Sep 25	1.35
Aug 25	1.31
Aug 25	1.74
Aug 25	1.7
Aug 25	1.76
Aug 25	1.76
Jul 25	1.78
Jul 25	1.76
Jul 25	1.76
Jul 25	1.69
Jun 25	1.71
Jun 25	1.66
Jun 25	1.67
Jun 25	1.68
May 25	1.77
May 25	2.16
May 25	2.27
May 25	2.24
May 25	2.19
Apr 25	2.25
Apr 25	2.07
Apr 25	2.03
Apr 25	1.95
Mar 25	2.1
Mar 25	2.08
Mar 25	1.83
Mar 25	1.75
Feb 25	1.92
Feb 25	1.33
Feb 25	1.26
Feb 25	1.22
Jan 25	1.34
Jan 25	1.44
Jan 25	1.42
Jan 25	0.9
Jan 25	0.9
Dec 24	0.87
Dec 24	0.86
Dec 24	0.91
Dec 24	0.87
Nov 24	0.93
Nov 24	0.98
Nov 24	1.02
Nov 24	1
Nov 24	0.98
Oct 24	0.94
Oct 24	0.93

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News: VLN.TO

globenewswire.com · 22 Jun 2026

Velan Inc. : Avis

MONTRÉAL, 22 juin 2026 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) annonce aujourd'hui que le jeudi 9 juillet 2026, elle communiquera ses résultats financiers pour le premier trimestre terminé le 31 mai 2026. La société tiendra une conférence téléphonique le vendredi 10 juillet 2026, à 08H00 (HNE) pour discuter de ses résultats financiers.

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Velan Inc.

Video analysis: VLN.TO

News: VLN.TO

Velan Inc. : Avis

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