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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 year
Period	Revenue (USD)
2026	297.02M
2025	332.75M
2024	346.82M
2023	370.43M
2022	411.24M
2021	302.06M
2020	371.62M
2019	366.87M
2018	337.96M
2017	331.78M

Net Income (USD)

VLN.TO Net Income (USD) by year
Period	Net Income (USD)
2026	73.88M
2025	-75.5M
2024	-19.74M
2023	-55.48M
2022	-9.59M
2021	2.87M
2020	-16.39M
2019	-4.88M
2018	-17.81M
2017	7.74M

Operating Income (USD)

VLN.TO Operating Income (USD) by year
Period	Operating Income (USD)
2026	1.19M
2025	-77.5M
2024	-5.99M
2023	23.89M
2022	38.58M
2021	2.24M
2020	-6.67M
2019	-7M
2018	-18.32M
2017	13.07M

EBITDA (USD)

VLN.TO EBITDA (USD) by year
Period	EBITDA (USD)
2026	11.27M
2025	-67.31M
2024	9.86M
2023	-36.92M
2022	50.61M
2021	15.76M
2020	7.53M
2019	7.44M
2018	-2.62M
2017	32.76M

Cash Flows (USD)

VLN.TO Cash Flows (USD) by year
Period	Cash Flows (USD)
2026	-166.35M
2025	11.46M
2024	-4.94M
2023	-6.07M
2022	9.25M
2021	-20M
2020	-2.44M
2019	-18.24M
2018	-8.53M
2017	-1.48M

EPS (USD)

VLN.TO EPS (USD) by year
Period	EPS (USD)
2026	3.46
2025	-3.7
2024	-0.91
2023	-2.57
2022	-0.45
2021	0.11
2020	-0.76
2019	-0.24
2018	-0.82
2017	0.36

Expenses (USD)

VLN.TO Expenses (USD) by year
Period	Expenses (USD)
2026	73.54M
2025	91.66M
2024	98.13M
2023	98.31M
2022	107.78M
2021	96.59M
2020	105.1M
2019	111.02M
2018	103.49M
2017	94.21M

Cash & Debt (USD)

VLN.TO Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2026	53.68M
2025	35.23M
2024	41.72M
2023	50.55M
2022	62.74M
2021	74.97M
2020	75.95M
2019	71.33M
2018	86.04M
2017	84.99M

Debt ratios

VLN.TO Debt ratios by year
Period	Debt ratios
2026	0.22
2025	0.24
2024	-0.01
2023	-0.26
2022	-0.23
2021	0.32
2020	0.1
2019	-0.25

Margins

VLN.TO Margins by year
Period	Margins
2026	29.31%
2025	29.64%
2024	26.88%
2023	30.36%
2022	32.82%
2021	26.66%
2020	23.72%
2019	23.33%
2018	20.29%
2017	26.68%

Return on Capital

VLN.TO Return on Capital by year
Period	Return on Capital
2026	40.61%
2025	-76.46%
2024	-10.77%
2023	-27.63%
2022	-3.61%
2021	0.95%
2020	-5.75%
2019	-1.58%
2018	-5.54%
2017	2.33%

Shares Outstanding

VLN.TO Shares Outstanding by year
Period	Shares Outstanding
2026	21.59M
2025	16.04M
2024	21.59M
2023	21.59M
2022	21.5M
2021	21.59M
2020	21.43M
2019	21.59M
2018	21.59M
2017	21.59M

Dividends (USD)

VLN.TO Dividends (USD) by year
Period	Dividends (USD)
2025	0.56
2023	0.03
2022	0.03
2020	0.03
2019	0.12
2018	0.19
2017	0.4
2016	0.4
2015	0.4
2014	0.37

Book Value Per Share (USD)

VLN.TO Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2026	8.43
2025	6.16
2024	8.49
2023	9.3
2022	12.35
2021	13.91
2020	13.29
2019	14.31
2018	14.9
2017	15.38

Total Assets (USD)

VLN.TO Total Assets (USD) by year
Period	Total Assets (USD)
2026	346.3M
2025	501.97M
2024	479.39M
2023	477.86M
2022	508.43M
2021	580.83M
2020	538.5M
2019	524.36M
2018	540.19M
2017	519.3M

PE Ratio

VLN.TO PE Ratio by year
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 year
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 year
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 year
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 year
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 year
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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