DBV TECHNOLOGIES SA (DBVTF) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DBVTF SEC filings page.
DBV TECHNOLOGIES SA (DBVTF) reported $4.9M in revenue over the twelve months to Jun 30, 2026, up 27.1% from the prior twelve months. 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 Technologies operates as a development-stage business, with external financing carrying a cost base not yet supported by revenue.
In FY2025, the cash-to-loss gap was visible: operating cash flow was-$121M against a net loss of-$147M , while free cash flow nearly matched operating cash flow. That combination means reported expenses exceeded immediate cash use, and the modest difference between operating and free cash flow makes development spending—not heavy capital expenditure—the main cash demand.
Research and development reached
Financing supplied
Financial Health Signals
DBV TECHNOLOGIES SA does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
DBV TECHNOLOGIES SA scores 8.76, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.3B) 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 SA passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
DBV TECHNOLOGIES SA 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 SA generated $700K in revenue in Q2 2026. This represents a decrease of 53.3% from the same quarter a year earlier. Against the prior quarter it is down 22.2%.
DBV TECHNOLOGIES SA reported -$50.4M in net income in Q2 2026. This represents a decrease of 20.3% from the same quarter a year earlier. Against the prior quarter it is down 5.9%.
DBV TECHNOLOGIES SA earned -$0.12 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 9.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
DBV TECHNOLOGIES SA recorded an outflow of $53.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 56.3% from the same quarter a year earlier. Against the prior quarter it is down 7.1%.
DBV TECHNOLOGIES SA held $174.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
DBV TECHNOLOGIES SA's ROE was -31.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 17.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.5 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
DBV TECHNOLOGIES SA invested $31.2M in research and development in Q2 2026. This represents a decrease of 7.4% from the same quarter a year earlier. Against the prior quarter it is down 6.6%.
DBV TECHNOLOGIES SA invested $400K in capex in Q2 2026, funding long-term assets and infrastructure. It is unchanged from the prior quarter.
Not reported for Q2 2026.
DBVTF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $700K-53.3% | $900K+12.5% | $562K+10.0% | $2.8M+158.8% | $1.5M+29.2% | $800K-43.1% | $511K-94.2% | $1.1M-54.8% |
| R&D Expenses | $31.2M-7.4% | $33.4M+55.3% | $32.9M+73.9% | $28.6M+20.9% | $33.7M+32.8% | $21.5M+0.5% | $18.9M+48.0% | $23.7M+71.5% |
| SG&A Expenses | $14.6M+71.8% | $10.5M+87.5% | $11.4M+125.3% | $7.3M+0.5% | $8.5M-1.7% | $5.6M-28.2% | $5.1M-29.5% | $7.2M+16.8% |
| Operating Income | -$50.6M-23.1% | -$47.9M-80.1% | -$45.1M-88.9% | -$34.3M-13.0% | -$41.1M-21.4% | -$26.6M+6.9% | -$23.9M-100.2% | -$30.3M-66.0% |
| Income Tax | $200K+100.0% | $200K | $391K+5485.7% | $0 | $100K | $0-100.0% | $7K+216.7% | $0 |
| Net Income | -$50.4M-20.3% | -$47.6M-75.6% | -$44.8M-94.6% | -$33.2M-8.9% | -$41.9M-26.5% | -$27.1M+0.9% | -$23.0M-106.0% | -$30.4M-81.9% |
| EPS (Basic) | -$0.12+61.3% | -$0.11+57.7% | -$0.23-4.5% | -$0.24+25.0% | -$0.31+8.8% | -$0.26+7.1% | -$0.22-100.0% | -$0.32-88.2% |
| EPS (Diluted) | -$0.12 | -$0.11 | -$0.23 | -$0.24+25.0% | -$0.31+8.8% | -$0.26+7.1% | -$0.22-100.0% | -$0.32-88.2% |
| Diluted Shares (Avg) | 434M | 428M | N/A | 137M+42.2% | 134M+39.8% | 103M+6.7% | N/A | 96M+0.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, EBITDA, Interest Expense.
DBVTF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $223.2M+55.6% | $266.4M+426.9% | $233.7M+255.9% | $110.5M+18.7% | $143.4M+25.6% | $50.6M-65.3% | $65.7M-64.1% | $93.1M-51.0% |
| Current Assets | $201.9M+66.5% | $246.7M+746.4% | $212.9M+379.6% | $88.9M+29.3% | $121.2M+34.8% | $29.1M-75.6% | $44.4M-72.1% | $68.8M-59.4% |
| Cash & Equivalents | $174.9M+69.5% | $229.2M+1668.2% | $194.2M+498.3% | $69.8M+50.4% | $103.2M+55.9% | $13.0M-87.2% | $32.5M-77.0% | $46.4M-68.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $62.8M+9.8% | $58.4M+22.5% | $64.9M+69.6% | $57.6M+47.7% | $57.2M+63.0% | $47.7M+39.3% | $38.3M-10.6% | $39.0M-14.8% |
| Current Liabilities | $54.3M+9.9% | $51.8M+28.3% | $58.0M+86.3% | $49.5M+60.1% | $49.4M+80.5% | $40.4M+52.5% | $31.1M-16.6% | $30.9M-1.7% |
| Non-Current Liabilities | $8.5M+9.3% | $6.7M-8.3% | $6.9M-3.3% | $8.2M+0.6% | $7.8M+0.9% | $7.3M-5.8% | $7.1M+30.7% | $8.1M-43.5% |
| Total Equity | $160.4M+86.1% | $207.9M+7069.0% | $168.8M+516.1% | $52.9M-2.2% | $86.2M+9.0% | $2.9M-97.4% | $27.4M-80.5% | $54.0M-62.5% |
| Retained Earnings | -$270.3M+14.2% | -$440.7M-40.6% | -$393.1M-37.3% | -$348.3M-32.3% | -$315.1M-35.3% | -$313.5M-17.7% | -$286.4M-19.9% | -$263.3M-15.7% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
DBVTF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$52.6M-55.2% | -$49.1M-149.2% | -$35.2M-187.1% | -$32.4M-44.3% | -$33.9M+3.3% | -$19.7M+43.2% | -$12.3M+10.5% | -$22.5M-14.7% |
| Stock-Based Compensation | $3.7M+208.3% | $2.3M+35.3% | N/A | $516K-67.5% | $1.2M-21.3% | $1.7M-13.2% | N/A | $1.6M+17.5% |
| Capital Expenditures | $400K | $400K | $373K+198.4% | $159K-59.8% | $0-100.0% | $0-100.0% | -$125K-64.5% | $396K+692.0% |
| Free Cash Flow | -$53.0M-56.3% | -$49.5M-151.3% | -$35.5M-187.2% | -$32.6M-42.5% | -$33.9M+5.3% | -$19.7M+45.3% | -$12.4M+11.8% | -$22.9M-16.5% |
| Investing Cash Flow | -$600K | -$300K+25.0% | -$715K-190.2% | -$254K-133.0% | $0-100.0% | -$400K+81.2% | $793K+524.1% | -$109K+66.1% |
| Financing Cash Flow | $100K-99.9% | $88.9M | $159.1M+23464.4% | $122K+1642.9% | $117.0M+354645.5% | $0+100.0% | $675K+457.1% | $7K+100.8% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid, Share Buybacks.
DBVTF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -7228.6% | -5322.2% | -8021.2% | -1235.7% | -2740.0% | -3325.0% | -4669.5% | -2829.1% |
| Net Margin | -7200.0% | -5288.9% | -7968.5% | -1195.5% | -2793.3% | -3387.5% | -4503.9% | -2839.7% |
| Return on Equity | -31.4%+17.2pp | -22.9%+911.6pp | -26.5%+57.5pp | -62.7%-6.4pp | -48.6%-6.7pp | -934.5%-910.0pp | -84.0%-76.0pp | -56.3%-44.7pp |
| Return on Assets | -22.6%+6.6pp | -17.9%+35.7pp | -19.2%+15.9pp | -30.0%+2.7pp | -29.2%-0.2pp | -53.6%-34.9pp | -35.0%-28.9pp | -32.7%-23.9pp |
| Current Ratio | 3.72+1.3x | 4.76+4.0x | 3.67+2.2x | 1.80-0.4x | 2.45-0.8x | 0.72-3.8x | 1.43-2.8x | 2.22-3.2x |
| Debt-to-Equity | 0.39-0.3x | 0.28-16.2x | 0.38-1.0x | 1.09+0.4x | 0.66+0.2x | 16.44+16.1x | 1.40+1.1x | 0.72+0.4x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.030.0x | 0.010.0x | 0.020.0x | 0.010.0x | 0.010.0x |
| FCF Margin | -7571.4% | -5500.0% | -6324.9% | -1174.0% | -2260.0% | -2462.5% | -2422.1% | -2131.8% |
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.
Where DBV TECHNOLOGIES SA Ranks
Frequently Asked Questions
What is DBV TECHNOLOGIES SA's annual revenue?
DBV TECHNOLOGIES SA (DBVTF) 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 SA's revenue growing?
DBV TECHNOLOGIES SA (DBVTF) revenue grew by 35.8% year-over-year, from $4.2M to $5.6M in fiscal year 2025.
Is DBV TECHNOLOGIES SA profitable?
No, DBV TECHNOLOGIES SA (DBVTF) reported a net income of -$146.9M in fiscal year 2025.
What is DBV TECHNOLOGIES SA's EBITDA?
DBV TECHNOLOGIES SA (DBVTF) had EBITDA of -$144.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is DBV TECHNOLOGIES SA's return on equity (ROE)?
DBV TECHNOLOGIES SA (DBVTF) 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 SA's free cash flow?
DBV TECHNOLOGIES SA (DBVTF) 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 SA's operating cash flow?
DBV TECHNOLOGIES SA (DBVTF) 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 SA's total assets?
DBV TECHNOLOGIES SA (DBVTF) had $233.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are DBV TECHNOLOGIES SA's capital expenditures?
DBV TECHNOLOGIES SA (DBVTF) invested $532K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does DBV TECHNOLOGIES SA spend on research and development?
DBV TECHNOLOGIES SA (DBVTF) invested $116.7M in research and development during fiscal year 2025.
What is DBV TECHNOLOGIES SA's current ratio?
DBV TECHNOLOGIES SA (DBVTF) had a current ratio of 3.67 as of fiscal year 2025, which is generally considered healthy.
What is DBV TECHNOLOGIES SA's debt-to-equity ratio?
DBV TECHNOLOGIES SA (DBVTF) 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 SA's return on assets (ROA)?
DBV TECHNOLOGIES SA (DBVTF) had a return on assets of -62.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does DBV TECHNOLOGIES SA's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, DBV TECHNOLOGIES SA (DBVTF) held $194.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $121.2M over that year. Dividing the one by the other, the reported balance equals about 19 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is DBV TECHNOLOGIES SA's Altman Z-Score?
DBV TECHNOLOGIES SA (DBVTF) has an Altman Z-Score of 8.76, 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 SA's Piotroski F-Score?
DBV TECHNOLOGIES SA (DBVTF) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 SA's earnings high quality?
DBV TECHNOLOGIES SA (DBVTF) 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.