Financials in CAD. Standardized financial statements.
A compact view of how Velan Inc. turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $301.28M | $295.20M | $346.82M | $370.43M | $411.24M | $302.06M | $371.63M | $366.87M | $337.96M | $331.78M |
| Revenue Growth? | +2.1% | -14.9% | -6.4% | -9.9% | +36.1% | -18.7% | +1.3% | +8.6% | +1.9% | 0.0% |
| Cost of Revenue? | $222.79M | $210.28M | $253.61M | $257.96M | $276.27M | $221.52M | $283.49M | $281.27M | $269.38M | $243.25M |
| Gross Profit? | $78.49M | $84.92M | $93.21M | $112.47M | $134.97M | $80.54M | $88.13M | $85.59M | $68.58M | $88.53M |
| Gross Margin? | +26.1% | +28.8% | +26.9% | +30.4% | +32.8% | +26.7% | +23.7% | +23.3% | +20.3% | +26.7% |
| Operating Expenses? | $67.69M | $167.18M | $99.19M | $88.65M | $92.58M | $82.23M | $85.24M | $92.59M | $86.90M | $75.46M |
| Operating Income? | $10.79M | -$82.27M | -$5.99M | $24.28M | $38.58M | -$652,000 | $4.12M | -$6.13M | -$18.32M | $13.07M |
| EBITDA? | $20.12M | -$72.80M | $5.64M | -$34.65M | $50.61M | $11.83M | $7.53M | $7.44M | -$4.34M | $27.77M |
| Income Before Tax | -$390,315 | -$82.00M | -$12.33M | -$47.41M | $36.18M | $1.38M | -$8.06M | -$7.70M | -$18.51M | $12.99M |
| Income Tax Expense | -$15.70M | -$14.55M | $7.47M | $8.04M | $46.43M | -$822,000 | $8.54M | -$2.30M | $361,000 | $4.68M |
| Net Income? | $172.52M | -$75.50M | -$19.74M | -$55.46M | -$10.26M | $2.20M | -$16.60M | -$5.39M | -$18.87M | $7.74M |
| EPS? | $7.99 | $-3.50 | $-0.91 | $-2.57 | $-0.48 | $0.10 | $-0.77 | $-0.25 | $-0.87 | $0.36 |
| Diluted EPS? | $7.99 | $-3.50 | $-0.91 | $-2.57 | $-0.48 | $0.10 | $-0.77 | $-0.25 | $-0.87 | $0.36 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality