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Financials · DBVT

DBV Technologies S.A. (DBVT) financials

For the twelve months ended Sep 30, 2026, DBV Technologies S.A. reported $3.84M of revenue and -$207.35M of net income.

Revenue, TTM
$3.84M
Revenue growth, YoY
-31.6%
Net income, TTM
-$207.35M
Net margin
-5405.3%
Free cash flow, TTM
-$191.71M
Cash
$165.70M
Total debt
$200.0K
P/S
181.13
Market cap
$694.8M
Annual revenue$5.64M
FY2019FY2025
Annual net income-$146.95M
FY2019FY2025
Annual free cash flow-$121.71M
FY2019FY2025

DBVT revenue and earnings growth

DBVT revenueQ3 2026$1.60M

Quarter YoY
-42.9%
QoQ
+128.6%
FY YoY
+35.8%
5Y CAGR
-13.0%

DBVT revenue was $1.60M in fiscal Q3 2026 (ended Sep 30, 2026), down 42.9% from a year earlier and up 128.6% from the prior quarter. For the full fiscal 2025 it was $5.64M, up 35.8% from fiscal 2024. Compound annual growth was -13.0% over 5 years. It rose in 2 of the last 6 fiscal years.

DBVT net incomeQ3 2026-$64.50M

DBVT net income was -$64.50M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$33.20M a year earlier. For the full fiscal 2025 it was -$146.95M, compared with -$113.92M in fiscal 2024.

DBVT EPSQ3 2026-$0.14

DBVT diluted EPS was -$0.14 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$1.05.

DBVT free cash flowQ3 2026-$53.70M

DBVT free cash flow was -$53.70M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$32.60M a year earlier. For the full fiscal 2025 it was -$121.71M, compared with -$106.81M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$5.64M$4.15M$15.73M$4.84M$5.71M$11.28M$14.71M
Research and development$116.68M$89.34M$60.22M$75.54M$70.34M$101.61M$115.10M
Selling, general and admin$32.79M$28.74M$29.50M$24.32M$30.52M$35.08M$49.07M
Operating income-$147.06M-$116.59M-$76.43M-$96.63M-$98.61M-$158.84M-$171.02M
Pre-tax income-$146.46M-$113.86M-$72.72M-$96.20M-$98.19M-$159.57M-$171.40M
Income tax$491.0K$55.0K$7.0K$70.0K-$381.0K-$10.0K$610.0K
Net income-$146.95M-$113.92M$72.71M$96.27M-$97.81M-$159.56M-$172.01M
EPS, basic-$1.05-$1.17-$0.76-$1.24-$1.78-$2.95-$4.65
EPS, diluted-$1.05-$1.17-$0.76-$1.24-$1.78-$2.95-$4.65
Diluted shares139.6M97.0M95.1M77.4M54.9M54.1M37.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$194.20M$32.50M$141.37M$209.19M$77.30M$196.35M$193.25M
Receivables--$0$0$0$2.23M-
Inventory-----$0$2.29M
Current assets$212.90M$44.39M$158.91M$223.07M$114.39M$207.38M$204.55M
Total assets$233.70M$65.66M$182.99M$246.52M$146.72M$272.25M$271.73M
Current liabilities$58.00M$31.14M$37.34M$29.52M$31.40M$52.71M$54.00M
Short-term debt------$810.0K
Long-term debt------$648.0K
Total debt$0---$510.0K$1.27M$1.46M
Total liabilities$64.90M$38.27M$42.80M$52.06M$47.45M$66.75M$78.54M
Shareholders' equity$168.80M$27.40M$140.19M$194.45M$99.27M$205.49M$193.19M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$121.18M-$104.47M-$79.65M-$55.67M-$108.24M-$165.61M-$148.35M
Capital expenditures$532.0K$2.34M$677.0K$754.0K$910.0K$2.79M$5.57M
Free cash flow-$121.71M-$106.81M-$80.33M-$56.42M-$109.15M-$168.40M-$153.91M
Investing cash flow-$1.37M-$757.0K-$808.0K-$100.0K-$433.0K-$2.87M-$5.66M
Financing cash flow$276.18M$587.0K$6.77M$194.12M$274.0K$149.55M$207.58M
Stock-based compensation$5.39M$4.62M$6.02M$5.03M$3.12M-$1.13M$17.24M
Depreciation and amortization$2.99M$2.72M$3.57M----

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY35.8%-73.6%224.7%-15.1%-49.4%-23.3%-
Net income growth, YoY---24.5%----
Operating margin-2609.2%-2808.7%-486.0%-1994.9%-1727.6%-1408.7%-1162.8%
Net margin-2607.3%-2744.4%462.3%1987.5%-1713.5%-1415.0%-1169.5%
Free cash flow margin-2159.6%-2573.2%-510.7%-1164.7%-1912.3%-1493.4%-1046.5%
Return on equity-87.1%-415.8%51.9%49.5%-98.5%-77.6%-89.0%
Return on assets-62.9%-173.5%39.7%39.1%-66.7%-58.6%-63.3%
Current ratio3.671.434.267.563.643.933.79
Debt to equity0.00---0.010.010.01

Source: XBRL data DBV Technologies S.A. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DBVT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DBVT$3.84M-31.6%-$207.35M-5405.3%$694.8M
AMGN$38.90B+8.2%$9.39B24.1%$251.65B
GILD$30.99B+6.5%-$3.86B-12.5%$210.01B
MRNA$2.52B+13.1%-$2.79B-110.5%$107.39B
ARGX$4.25B+88.6%$1.29B30.4%$59.72B
RVMD$0--$1.13B-$43.29B
BIIB$10.30B+2.3%$347.50M3.4%$37.67B
BNTX€2.87B+4.3%-€1.14B-39.6%$21.98B
EXEL$2.50B+9.1%$885.14M35.5%$17.51B

DBVT FAQ

7 questions
  • What is DBVT revenue?
    DBV Technologies S.A. (DBVT) reported $3.84M of revenue for the twelve months ended Sep 30, 2026. That is down 31.6% from the year before. Revenue for fiscal 2025 was $5.64M.
  • Is DBVT profitable?
    No. DBV Technologies S.A. reported a net loss of $207.35M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does DBVT have?
    DBV Technologies S.A. reported $165.70M in cash and cash equivalents and $200.0K of debt on its most recent balance sheet in SEC filings.
  • How fast is DBVT revenue growing?
    DBV Technologies S.A.'s revenue changed +35.8% in fiscal 2025, to $5.64M. Its compound annual growth rate was -13.0% over 5 years.
  • What is DBVT free cash flow?
    DBV Technologies S.A. generated -$191.71M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$188.38M less capital expenditures.
  • When did DBVT last report financial results?
    The latest statements here come from DBV Technologies S.A.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this DBVT financial data come from?
    Quantisnow builds these statements from the structured XBRL data DBV Technologies S.A. files with the SEC. It is provided for information only and is not investment advice.