Dbv Technologies S A Financials
Dbv Technologies S A (DBVT) reported $5.6M in revenue for fiscal year 2025, up 35.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
DBV remains a capital-funded development company, with R&D-heavy cash burn overwhelming revenue and making financing the real operating lifeline.
Cash rose to$194.2M from$32.5M between FY2024 and FY2025 even as losses deepened. A financing inflow of$276.2M , not commercial revenue, was the mechanism that reset liquidity. The balance sheet therefore behaved less like a self-funding business and more like a project funded in rounds.
Losses are mostly cash losses, not accounting noise: FY2025 net loss of
Spending is concentrated in R&D, which reached
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dbv Technologies S A's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Dbv Technologies S A, and counted as zero in the overall score.
Dbv Technologies S A scores 5.09, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($940.8M) relative to total liabilities ($64.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dbv Technologies S A passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Dbv Technologies S A reported a net loss of $146.9M while operations used $121.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Dbv Technologies S A generated $5.6M in revenue in fiscal year 2025. This represents an increase of 35.8% from the prior year.
Dbv Technologies S A's EBITDA was -$144.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.5% from the prior year.
Dbv Technologies S A reported -$146.9M in net income in fiscal year 2025. This represents a decrease of 29.0% from the prior year.
Dbv Technologies S A earned -$1.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.3% from the prior year.
Cash & Balance Sheet
Dbv Technologies S A recorded an outflow of $121.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 14.0% from the prior year.
Dbv Technologies S A held $194.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Dbv Technologies S A's ROE was -87.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 328.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Dbv Technologies S A invested $116.7M in research and development in fiscal year 2025. This represents an increase of 30.6% from the prior year.
Dbv Technologies S A invested $532K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 77.2% from the prior year.
Not reported for fiscal year 2025.
DBVT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9M | $5.6M+35.8% | $4.2M-73.6% | $15.7M+224.7% | $4.8M-15.1% | $5.7M-49.4% | $11.3M-23.3% | $14.7M |
| R&D Expenses | $126.1M | $116.7M+30.6% | $89.3M+48.4% | $60.2M-20.3% | $75.5M+7.4% | $70.3M-30.8% | $101.6M-11.7% | $115.1M |
| SG&A Expenses | $43.8M | $32.8M+14.1% | $28.7M-2.6% | $29.5M+21.3% | $24.3M-20.3% | $30.5M-13.0% | $35.1M-28.5% | $49.1M |
| Operating Income | -$177.9M | -$147.1M-26.1% | -$116.6M-52.5% | -$76.4M+20.9% | -$96.6M+2.0% | -$98.6M+37.9% | -$158.8M+7.1% | -$171.0M |
| Income Tax | $791K | $491K+792.7% | $55K+685.7% | $7K-90.0% | $70K+118.4% | -$381K-3710.0% | -$10K-101.6% | $610K |
| Net Income | -$175.9M | -$146.9M-29.0% | -$113.9M-56.7% | -$72.7M-175.5% | $96.3M+198.4% | -$97.8M+38.7% | -$159.6M+7.2% | -$172.0M |
| EPS (Diluted) | — | -$1.05+10.3% | -$1.17-53.9% | -$0.76+38.7% | -$1.24+30.3% | -$1.78 | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DBVT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $233.7M+255.9% | $65.7M-64.1% | $183.0M-25.8% | $246.5M+68.0% | $146.7M-46.1% | $272.2M+0.2% | $271.7M |
| Current Assets | $212.9M+379.6% | $44.4M-72.1% | $158.9M-28.8% | $223.1M+95.0% | $114.4M-44.8% | $207.4M+1.4% | $204.6M |
| Cash & Equivalents | $194.2M+498.3% | $32.5M-77.0% | $141.4M-32.4% | $209.2M+170.6% | $77.3M-60.6% | $196.4M+1.6% | $193.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $2.3M |
| Total Liabilities | $64.9M+69.6% | $38.3M-10.6% | $42.8M-17.8% | $52.1M+9.7% | $47.4M-28.9% | $66.8M-15.0% | $78.5M |
| Current Liabilities | $58.0M+86.3% | $31.1M-16.6% | $37.3M+26.5% | $29.5M-6.0% | $31.4M-40.4% | $52.7M-2.4% | $54.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $510K-59.7% | $1.3M+95.5% | $648K |
| Total Equity | $168.8M+516.1% | $27.4M-80.5% | $140.2M-27.9% | $194.5M+95.9% | $99.3M-51.7% | $205.5M+6.4% | $193.2M |
| Retained Earnings | -$393.1M-37.3% | -$286.4M-19.9% | -$238.9M+8.0% | -$259.6M-0.4% | -$258.5M+73.0% | -$958.5M-20.0% | -$799.0M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
DBVT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$169.3M | -$121.2M-16.0% | -$104.5M-31.2% | -$79.7M-43.1% | -$55.7M+48.6% | -$108.2M+34.6% | -$165.6M-11.6% | -$148.3M |
| Capital Expenditures | $1.3M | $532K-77.2% | $2.3M+245.3% | $677K-10.2% | $754K-17.1% | $910K-67.4% | $2.8M-49.9% | $5.6M |
| Free Cash Flow | -$170.6M | -$121.7M-14.0% | -$106.8M-33.0% | -$80.3M-42.4% | -$56.4M+48.3% | -$109.2M+35.2% | -$168.4M-9.4% | -$153.9M |
| Investing Cash Flow | -$1.9M | -$1.4M-80.8% | -$757K+6.3% | -$808K-708.0% | -$100K+76.9% | -$433K+84.9% | -$2.9M+49.4% | -$5.7M |
| Financing Cash Flow | $248.2M | $276.2M+46949.7% | $587K-91.3% | $6.8M-96.5% | $194.1M+70746.7% | $274K-99.8% | $149.5M-28.0% | $207.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DBVT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -2609.2% | -2808.7% | -486.0% | -1994.9% | -1727.6% | -1408.7% | -1162.8% |
| Net Margin | -2607.3% | -2744.3% | -462.3% | 1987.5% | -1713.5% | -1415.0% | -1169.5% |
| Return on Equity | -87.1%+328.7pp | -415.8%-363.9pp | -51.9%-101.4pp | 49.5%+148.0pp | -98.5%-20.9pp | -77.6%+11.4pp | -89.0% |
| Return on Assets | -62.9%+110.6pp | -173.5%-133.8pp | -39.7%-78.8pp | 39.1%+105.7pp | -66.7%-8.1pp | -58.6%+4.7pp | -63.3% |
| Current Ratio | 3.67+2.2x | 1.43-2.8x | 4.26-3.3x | 7.56+3.9x | 3.64-0.3x | 3.93+0.1x | 3.79 |
| Debt-to-Equity | 0.38-1.0x | 1.40+1.1x | 0.310.0x | 0.27+0.3x | 0.010.0x | 0.010.0x | 0.00 |
| FCF Margin | -2159.6% | -2573.2% | -510.8% | -1164.7% | -1912.3% | -1493.4% | -1046.5% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Dbv Technologies S A Ranks
Frequently Asked Questions
What is Dbv Technologies S A's annual revenue?
Dbv Technologies S A (DBVT) reported $5.6M in total revenue for fiscal year 2025. This represents a 35.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dbv Technologies S A's revenue growing?
Dbv Technologies S A (DBVT) revenue grew by 35.8% year-over-year, from $4.2M to $5.6M in fiscal year 2025.
Is Dbv Technologies S A profitable?
No, Dbv Technologies S A (DBVT) reported a net income of -$146.9M in fiscal year 2025.
What is Dbv Technologies S A's EBITDA?
Dbv Technologies S A (DBVT) had EBITDA of -$144.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dbv Technologies S A's return on equity (ROE)?
Dbv Technologies S A (DBVT) has a return on equity of -87.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dbv Technologies S A's free cash flow?
Dbv Technologies S A (DBVT) recorded an outflow of $121.7M in free cash flow during fiscal year 2025. This represents a -14.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dbv Technologies S A's operating cash flow?
Dbv Technologies S A (DBVT) recorded an outflow of $121.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Dbv Technologies S A's total assets?
Dbv Technologies S A (DBVT) had $233.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dbv Technologies S A's capital expenditures?
Dbv Technologies S A (DBVT) invested $532K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Dbv Technologies S A spend on research and development?
Dbv Technologies S A (DBVT) invested $116.7M in research and development during fiscal year 2025.
What is Dbv Technologies S A's current ratio?
Dbv Technologies S A (DBVT) had a current ratio of 3.67 as of fiscal year 2025, which is generally considered healthy.
What is Dbv Technologies S A's debt-to-equity ratio?
Dbv Technologies S A (DBVT) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dbv Technologies S A's return on assets (ROA)?
Dbv Technologies S A (DBVT) had a return on assets of -62.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dbv Technologies S A's Altman Z-Score?
Dbv Technologies S A (DBVT) has an Altman Z-Score of 5.09, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dbv Technologies S A's Piotroski F-Score?
Dbv Technologies S A (DBVT) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dbv Technologies S A's earnings high quality?
Dbv Technologies S A (DBVT) reported a net loss of $146.9M while operations used $121.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dbv Technologies S A?
Dbv Technologies S A (DBVT) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.