Dbv Technologies Financials
This page shows Dbv Technologies (DBVTF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dbv Technologies has an operating margin of -2808.7%, meaning the company retains $-2809 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -486.0% the prior year.
Dbv Technologies's revenue declined 73.6% year-over-year, from $15.7M to $4.2M. This contraction results in a growth score of 0/100.
Dbv Technologies carries a low D/E ratio of 1.40, meaning only $1.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.
Dbv Technologies's current ratio of 1.43 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
While Dbv Technologies generated -$104.5M in operating cash flow, capex of $2.3M consumed most of it, leaving -$106.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Dbv Technologies earns a strong 416.0% return on equity (ROE), meaning it generates $416 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 51.9% the prior year.
Dbv Technologies passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Dbv Technologies generates $-0.92 in operating cash flow (-$104.5M OCF vs $113.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Dbv Technologies generated $4.2M in revenue in fiscal year 2024. This represents a decrease of 73.6% from the prior year.
Dbv Technologies's EBITDA was -$113.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 56.3% from the prior year.
Dbv Technologies reported $113.9M in net income in fiscal year 2024. This represents an increase of 56.7% from the prior year.
Dbv Technologies earned $-1.17 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 53.9% from the prior year.
Cash & Balance Sheet
Dbv Technologies generated -$106.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 33.0% from the prior year.
Dbv Technologies held $32.5M in cash against $0 in long-term debt as of fiscal year 2024.
Dbv Technologies had 103M shares outstanding in fiscal year 2024. This represents an increase of 6.7% from the prior year.
Margins & Returns
Dbv Technologies's operating margin was -2808.7% in fiscal year 2024, reflecting core business profitability. This is down 2322.7 percentage points from the prior year.
Dbv Technologies's net profit margin was 2744.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2282.0 percentage points from the prior year.
Dbv Technologies's ROE was 416.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 364.1 percentage points from the prior year.
Capital Allocation
Dbv Technologies invested $89.3M in research and development in fiscal year 2024. This represents an increase of 48.4% from the prior year.
Dbv Technologies invested $2.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 245.3% from the prior year.
DBVTF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8M+89.4% | $1.5M+94.6% | $753K+47.4% | $511K-52.3% | $1.1M-7.7% | $1.2M-17.5% | $1.4M-84.1% | $8.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $28.6M-15.1% | $33.7M+56.8% | $21.5M+13.6% | $18.9M-20.1% | $23.7M-6.7% | $25.4M+18.6% | $21.4M+67.5% | $12.8M |
| SG&A Expenses | $7.3M-14.2% | $8.5M+50.4% | $5.6M+10.9% | $5.1M-29.8% | $7.2M-16.5% | $8.6M+10.8% | $7.8M+8.4% | $7.2M |
| Operating Income | -$34.3M+16.6% | -$41.1M-54.4% | -$26.6M-11.6% | -$23.9M+21.3% | -$30.3M+10.4% | -$33.8M-18.5% | -$28.6M-139.6% | -$11.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0-100.0% | $117K | $0-100.0% | $7K | $0 | $0-100.0% | $48K+900.0% | -$6K |
| Net Income | -$33.2M+20.8% | -$41.9M-54.6% | -$27.1M-113.2% | $204.8M+772.8% | -$30.4M+8.1% | -$33.1M-21.1% | -$27.3M-120.4% | $134.3M |
| EPS (Diluted) | $-0.24+22.6% | $-0.31-19.2% | $-0.26 | N/A | $-0.32+5.9% | $-0.34-21.4% | $-0.28 | N/A |
DBVTF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $110.5M-23.0% | $143.4M+183.7% | $50.6M-23.0% | $65.7M-29.4% | $93.1M-18.5% | $114.2M-21.7% | $145.9M-20.3% | $183.0M |
| Current Assets | $88.9M-26.7% | $121.2M+315.9% | $29.1M-34.3% | $44.4M-35.4% | $68.8M-23.6% | $90.0M-24.8% | $119.6M-24.8% | $158.9M |
| Cash & Equivalents | $69.8M-32.3% | $103.2M+696.2% | $13.0M-60.1% | $32.5M-30.1% | $46.4M-29.9% | $66.2M-34.8% | $101.5M-28.2% | $141.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $57.6M+0.8% | $57.2M+20.0% | $47.7M+24.6% | $38.3M-1.9% | $39.0M+11.2% | $35.1M+2.5% | $34.2M-20.0% | $42.8M |
| Current Liabilities | $49.5M+0.1% | $49.4M+22.4% | $40.4M+29.7% | $31.1M+0.7% | $30.9M+12.9% | $27.4M+3.4% | $26.5M-29.1% | $37.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $52.9M-38.7% | $86.2M+2901.2% | $2.9M-89.5% | $27.4M-49.3% | $54.0M-31.7% | $79.1M-29.2% | $111.7M-20.4% | $140.2M |
| Retained Earnings | -$348.3M-10.5% | -$315.1M-0.5% | -$313.5M-9.5% | -$286.4M-8.8% | -$263.3M-13.1% | -$232.9M+12.5% | -$266.2M-11.4% | -$238.9M |
DBVTF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32.4M+4.3% | -$33.9M-72.4% | -$19.7M-60.5% | -$12.3M+45.4% | -$22.5M+36.0% | -$35.1M-1.1% | -$34.7M-153.5% | -$13.7M |
| Capital Expenditures | $117K+265.6% | $32K+220.0% | $10K+108.0% | -$125K-131.6% | $396K-45.9% | $732K-45.2% | $1.3M+279.3% | $352K |
| Free Cash Flow | -$32.6M+4.1% | -$33.9M-72.5% | -$19.7M-59.0% | -$12.4M+45.8% | -$22.9M+36.2% | -$35.8M+0.6% | -$36.0M-156.6% | -$14.0M |
| Investing Cash Flow | -$241K-534.2% | -$38K+89.9% | -$375K-147.3% | $793K+827.5% | -$109K-115.8% | $691K+132.4% | -$2.1M-1040.1% | -$187K |
| Financing Cash Flow | $130K-99.9% | $116.9M+259782.2% | $45K-93.3% | $675K+9542.9% | $7K+121.2% | -$33K+46.8% | -$62K+67.2% | -$189K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DBVTF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1235.7%+1570.6pp | -2806.2%+728.7pp | -3534.9%+1134.5pp | -4669.5%-1840.4pp | -2829.1%+85.8pp | -2914.9%-885.2pp | -2029.7%-1895.4pp | -134.3% |
| Net Margin | -1195.5%+1662.8pp | -2858.4%+737.8pp | -3596.2%-43678.5pp | 40082.4%+42922.1pp | -2839.7%+12.6pp | -2852.4%-908.9pp | -1943.5%-3456.3pp | 1512.9% |
| Return on Equity | -62.7%-14.2pp | -48.6%+894.0pp | -942.5%-1690.4pp | 747.9%+804.2pp | -56.3%-14.5pp | -41.9%-17.4pp | -24.5%-120.3pp | 95.8% |
| Return on Assets | -30.0%-0.8pp | -29.2%+24.4pp | -53.6%-365.5pp | 311.9%+344.7pp | -32.7%-3.7pp | -29.0%-10.3pp | -18.7%-92.1pp | 73.4% |
| Current Ratio | 1.80-0.7 | 2.45+1.7 | 0.72-0.7 | 1.43-0.8 | 2.22-1.1 | 3.29-1.2 | 4.51+0.3 | 4.26 |
| Debt-to-Equity | 1.09+0.4 | 0.66-15.9 | 16.60+15.2 | 1.40+0.7 | 0.72+0.3 | 0.44+0.1 | 0.310.0 | 0.31 |
| FCF Margin | -1173.5%+1143.0pp | -2316.5%+296.8pp | -2613.3%-191.2pp | -2422.1%-290.3pp | -2131.8%+952.2pp | -3084.0%-523.4pp | -2560.5%-2402.4pp | -158.2% |
Frequently Asked Questions
What is Dbv Technologies's annual revenue?
Dbv Technologies (DBVTF) reported $4.2M in total revenue for fiscal year 2024. This represents a -73.6% 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 revenue growing?
Dbv Technologies (DBVTF) revenue declined by 73.6% year-over-year, from $15.7M to $4.2M in fiscal year 2024.
Is Dbv Technologies profitable?
Yes, Dbv Technologies (DBVTF) reported a net income of $113.9M in fiscal year 2024, with a net profit margin of 2744.3%.
What is Dbv Technologies's EBITDA?
Dbv Technologies (DBVTF) had EBITDA of -$113.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dbv Technologies's operating margin?
Dbv Technologies (DBVTF) had an operating margin of -2808.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Dbv Technologies's net profit margin?
Dbv Technologies (DBVTF) had a net profit margin of 2744.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Dbv Technologies's return on equity (ROE)?
Dbv Technologies (DBVTF) has a return on equity of 416.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Dbv Technologies's free cash flow?
Dbv Technologies (DBVTF) generated -$106.8M in free cash flow during fiscal year 2024. This represents a -33.0% 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 operating cash flow?
Dbv Technologies (DBVTF) generated -$104.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Dbv Technologies's total assets?
Dbv Technologies (DBVTF) had $65.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Dbv Technologies's capital expenditures?
Dbv Technologies (DBVTF) invested $2.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Dbv Technologies spend on research and development?
Dbv Technologies (DBVTF) invested $89.3M in research and development during fiscal year 2024.
What is Dbv Technologies's current ratio?
Dbv Technologies (DBVTF) had a current ratio of 1.43 as of fiscal year 2024, which is considered adequate.
What is Dbv Technologies's debt-to-equity ratio?
Dbv Technologies (DBVTF) had a debt-to-equity ratio of 1.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dbv Technologies's return on assets (ROA)?
Dbv Technologies (DBVTF) had a return on assets of 173.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Dbv Technologies's cash runway?
Based on fiscal year 2024 data, Dbv Technologies (DBVTF) had $32.5M in cash against an annual operating cash burn of $104.5M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Dbv Technologies's Piotroski F-Score?
Dbv Technologies (DBVTF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dbv Technologies's earnings high quality?
Dbv Technologies (DBVTF) has an earnings quality ratio of -0.92x, considered low quality (accrual-driven). 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?
Dbv Technologies (DBVTF) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.