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DBV Technologies (DBVT) Financials

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$19.83 -0.27 (-1.32%)
As of 03:51 PM Eastern
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Annual Income Statements for DBV Technologies

Annual Income Statements for DBV Technologies

This table shows DBV Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-49 -120 -177 -190 -172 -160 -110 -104 -67 -118 -140
Consolidated Net Income / (Loss)
-49 -120 -177 -190 -172 -160 -98 -96 -73 -114 -147
Net Income / (Loss) Continuing Operations
-49 -120 -177 -190 -172 -160 -98 -96 -73 -114 -147
Total Pre-Tax Income
-49 -120 -177 -190 -171 -160 -98 -96 -73 -114 -146
Total Operating Income
-49 -122 -174 -190 -171 -158 -99 -97 -76 -117 -147
Total Gross Profit
6.56 9.56 14 17 15 11 5.71 4.84 16 4.15 5.64
Total Revenue
6.70 9.56 14 17 15 11 5.71 4.84 16 4.15 5.64
Operating Revenue
0.22 0.00 0.00 0.00 15 0.00 5.71 4.84 16 4.15 5.64
Total Cost of Revenue
0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
56 132 188 207 186 169 104 101 92 121 153
Selling, General & Admin Expense
18 37 43 47 49 45 31 24 30 29 33
Marketing Expense
0.53 12 19 37 22 - 4.39 1.61 2.44 2.66 3.22
Research & Development Expense
37 83 126 123 115 101 70 76 60 89 117
Total Other Income / (Expense), net
0.95 1.58 -3.25 0.16 -0.38 -1.73 0.43 0.43 3.71 2.73 0.60
Interest & Investment Income
1.11 1.59 0.74 0.56 - 0.24 0.43 0.43 3.71 2.73 0.60
Income Tax Expense
0.00 0.00 0.00 0.02 0.61 -0.01 -0.38 0.07 0.01 0.06 0.49
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
- - - - - - 12 8.17 -5.67 4.06 -6.76
Basic Earnings per Share
- - - - ($4.65) $2.95 ($1.78) ($1.24) ($0.76) ($1.17) ($1.05)
Weighted Average Basic Shares Outstanding
- - 24.99M 30.16M 54.94M 54.09M 54.92M 77.38M 95.12M 97.00M 139.57M
Diluted Earnings per Share
- - - - ($4.65) $2.95 ($1.78) ($1.24) ($0.76) ($1.17) ($1.05)
Weighted Average Diluted Shares Outstanding
- - 24.99M 30.16M 54.94M 54.09M 54.92M 77.38M 95.12M 97.00M 139.57M
Weighted Average Basic & Diluted Shares Outstanding
- - 24.99M 30.16M 37.01M 54.09M 54.92M 94.14M 96.43M - 296.04M

Quarterly Income Statements for DBV Technologies

This table shows DBV Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-21 -4.94 -30 -34 -27 -27 -26 -35 -34 -45 -52
Consolidated Net Income / (Loss)
-17 -11 -27 -33 -30 -23 -27 -42 -33 -45 -48
Net Income / (Loss) Continuing Operations
-17 -11 -27 -33 -30 -23 -27 -42 -33 -45 -48
Total Pre-Tax Income
-17 -11 -27 -33 -30 -23 -27 -42 -33 -44 -47
Total Operating Income
-18 -12 -29 -34 -30 -24 -27 -41 -34 -45 -48
Total Gross Profit
2.37 8.87 1.41 1.16 1.07 0.51 0.80 1.47 2.77 0.64 0.90
Total Revenue
2.37 8.87 1.41 1.16 1.07 0.51 0.80 1.47 2.77 0.64 0.90
Operating Revenue
2.37 8.87 1.41 1.16 1.07 0.51 0.80 1.47 2.77 0.64 0.90
Total Cost of Revenue
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses
21 21 30 35 31 24 27 43 37 46 49
Selling, General & Admin Expense
6.18 7.20 7.80 8.64 7.22 5.07 5.60 8.46 7.26 11 11
Marketing Expense
0.66 0.83 0.76 0.99 0.52 0.40 0.30 0.42 1.18 1.36 4.80
Research & Development Expense
14 13 21 25 24 19 22 34 29 33 33
Total Other Income / (Expense), net
1.53 0.73 1.26 0.73 -0.11 0.85 -0.50 -0.65 1.11 0.60 0.50
Interest & Investment Income
1.53 0.73 1.26 0.73 -0.11 0.85 -0.50 -0.65 1.11 0.60 0.50
Income Tax Expense
0.00 -0.01 0.05 0.00 0.00 0.01 0.00 0.12 0.00 0.37 0.20
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
3.92 -6.24 3.09 0.93 -3.78 3.82 -0.80 -7.03 0.84 0.25 4.50
Basic Earnings per Share
($0.17) ($0.05) ($0.28) ($0.34) ($0.32) ($0.28) ($0.26) ($0.31) ($0.24) ($0.32) ($0.11)
Weighted Average Basic Shares Outstanding
96.08M 95.12M 96.18M 96.17M 96.20M 97.00M 102.62M 134.48M 136.81M 139.57M 428.30M
Diluted Earnings per Share
($0.17) ($0.05) ($0.28) ($0.34) ($0.32) ($0.28) ($0.26) ($0.31) ($0.24) ($0.32) ($0.11)
Weighted Average Diluted Shares Outstanding
96.08M 95.12M 96.18M 96.17M 96.20M 97.00M 102.62M 134.48M 136.81M 139.57M 428.30M
Weighted Average Basic & Diluted Shares Outstanding
96.29M 96.43M 96.43M 96.50M 96.50M 0.00 136.95M 136.97M 169.11M 296.04M 296.04M

Annual Cash Flow Statements for DBV Technologies

This table details how cash moves in and out of DBV Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
227 -70 -146 -17 53 19 -119 132 -68 -109 162
Net Cash From Operating Activities
15 -63 -137 -156 -148 161 -108 -56 -80 -104 -121
Net Cash From Continuing Operating Activities
-29 -98 -174 -179 -148 163 -108 -56 -80 -104 -121
Net Income / (Loss) Continuing Operations
0.00 -120 -177 -190 -172 160 -98 -96 -73 -114 -147
Consolidated Net Income / (Loss)
- -120 -177 -190 -172 160 -98 -96 -73 -114 -147
Depreciation Expense
- - - - 2.60 - 8.38 13 -14 -0.93 3.19
Non-Cash Adjustments To Reconcile Net Income
0.46 20 -0.67 0.86 18 1.13 3.96 5.12 6.12 6.01 21
Changes in Operating Assets and Liabilities, net
13 2.52 4.01 10 3.45 2.33 -23 22 0.95 4.36 1.34
Net Cash From Investing Activities
-5.81 -8.73 -9.41 -9.89 -5.66 2.87 -0.43 -0.10 -0.81 -0.76 -1.37
Net Cash From Continuing Investing Activities
-5.81 -8.73 -9.41 -9.89 -5.66 0.06 -0.43 -0.10 -0.81 -0.76 -1.37
Purchase of Property, Plant & Equipment
-4.90 -8.63 -9.06 -5.44 -5.57 - -0.91 -0.75 -0.68 -2.34 -0.53
Acquisitions
- - - - -0.03 - -0.01 0.00 - -0.00 -0.01
Other Investing Activities, net
- - - - - - 0.00 0.77 -0.13 1.58 -0.83
Net Cash From Financing Activities
262 1.75 0.34 150 208 145 0.27 194 6.77 0.59 276
Net Cash From Continuing Financing Activities
262 1.75 0.37 150 208 146 0.27 194 6.77 0.59 276
Issuance of Common Equity
261 2.12 1.03 152 209 150 0.79 194 6.92 0.63 276
Other Financing Activities, net
-0.02 -0.02 0.03 -0.16 0.17 -3.71 0.18 0.12 -0.15 -0.05 0.48
Effect of Exchange Rate Changes
- - - - -0.89 - -11 -6.46 5.87 -4.27 8.08

Quarterly Cash Flow Statements for DBV Technologies

This table details how cash moves in and out of DBV Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
-25 -7.77 -40 -35 -20 -14 -20 90 -33 124 35
Net Cash From Operating Activities
-20 -14 -35 -35 -22 -12 -20 -34 -32 -35 -49
Net Cash From Continuing Operating Activities
-20 -14 -35 -35 -22 -12 -20 -34 -32 -35 -49
Net Income / (Loss) Continuing Operations
-17 -11 -27 -33 -30 -23 -27 -42 -33 -45 -48
Consolidated Net Income / (Loss)
-17 -11 -27 -33 -30 -23 -27 -42 -33 -45 -48
Depreciation Expense
-3.44 -11 0.05 -1.46 -0.15 0.64 1.00 0.76 0.79 0.69 0.90
Non-Cash Adjustments To Reconcile Net Income
1.40 1.24 3.24 1.57 2.33 -1.13 6.50 7.75 4.21 2.82 5.30
Changes in Operating Assets and Liabilities, net
-0.80 7.19 -11 -2.06 5.81 11 -0.10 -0.54 -4.27 6.14 -7.60
Net Cash From Investing Activities
-0.32 -0.19 -2.13 0.69 -0.11 0.79 -0.40 -0.04 -0.24 -0.72 -0.30
Net Cash From Continuing Investing Activities
-0.32 -0.19 -2.13 0.69 -0.11 0.79 -0.40 -0.04 -0.24 -0.71 -0.20
Purchase of Property, Plant & Equipment
-0.05 -0.35 -1.34 -0.73 -0.40 0.13 0.00 -0.03 -0.12 -0.37 -0.40
Acquisitions
- - - - - - 0.00 - - - 0.00
Other Investing Activities, net
-0.25 0.11 -0.80 1.42 0.29 0.50 -0.40 -0.01 -0.13 -0.34 0.20
Net Cash From Financing Activities
-0.84 -0.19 -0.06 -0.03 0.01 0.68 0.00 117 0.13 159 89
Net Cash From Continuing Financing Activities
-0.84 -0.19 -0.06 -0.03 0.01 0.68 0.00 117 0.13 159 89
Issuance of Common Equity
-0.86 0.02 - - - 0.63 0.00 - 0.01 159 89
Other Financing Activities, net
0.03 -0.21 -0.06 -0.03 0.01 0.04 0.00 0.03 0.12 0.29 -0.20
Effect of Exchange Rate Changes
-4.10 6.29 -2.96 -0.90 2.79 -3.20 0.50 7.24 -0.83 1.16 -4.50

Annual Balance Sheets for DBV Technologies

This table presents DBV Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
373 302 214 197 272 272 147 247 183 66 234
Total Current Assets
364 286 21 24 205 207 114 223 159 44 213
Cash & Equivalents
351 270 - - 193 196 77 209 141 32 194
Other Current Assets
13 15 21 24 9.01 8.79 37 14 18 12 19
Plant, Property, & Equipment, net
6.06 13 21 23 25 25 18 15 13 11 10
Total Noncurrent Assets
3.05 2.99 169 149 42 40 14 8.35 11 9.97 10
Intangible Assets
0.10 0.10 0.15 0.03 0.05 0.04 0.02 0.01 0.06 0.04 0.00
Other Noncurrent Operating Assets
2.95 2.89 169 149 42 40 14 8.34 11 9.93 10
Total Liabilities & Shareholders' Equity
373 302 530 780 272 272 147 247 183 66 234
Total Liabilities
23 47 530 780 79 66 47 52 43 38 65
Total Current Liabilities
17 31 671 945 54 53 31 30 37 31 58
Short-Term Debt
0.16 0.62 2.79 1.37 0.65 - 0.51 0.00 1.14 0.65 1.10
Accounts Payable
11 14 20 33 24 20 11 14 23 22 41
Other Current Liabilities
6.34 15 648 910 29 32 19 15 13 8.45 16
Total Noncurrent Liabilities
5.63 16 -141 -164 25 14 16 23 5.46 7.14 6.90
Noncurrent Employee Benefit Liabilities
- - - - - - - - - 0.84 1.50
Other Noncurrent Operating Liabilities
0.53 12 -143 -166 24 2.88 16 23 5.46 6.30 5.40
Total Equity & Noncontrolling Interests
350 376 0.00 0.00 193 1,010 99 194 140 27 169
Total Preferred & Common Equity
398 376 0.00 0.00 193 1,010 99 194 140 27 169
Total Common Equity
-40 255 0.00 0.00 193 13 99 194 140 27 169
Common Stock
2.63 2.59 - - 1,009 6.52 365 469 388 327 568
Retained Earnings
- - - - -799 - -259 -260 -239 -286 -393
Treasury Stock
- - - - -0.23 - -1.23 -1.11 -1.26 -1.31 -0.80
Accumulated Other Comprehensive Income / (Loss)
- - - - 0.11 - 0.52 0.78 0.74 0.91 0.50
Other Equity Adjustments
-43 -54 - - -17 6.23 -6.14 -15 -8.87 -13 -5.90

Quarterly Balance Sheets for DBV Technologies

This table presents DBV Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
218 190 146 114 93 51 143 110 266
Total Current Assets
196 169 120 90 69 29 121 89 247
Cash & Equivalents
174 149 102 66 46 13 103 70 229
Other Current Assets
22 20 18 24 22 16 18 19 18
Plant, Property, & Equipment, net
14 13 13 13 13 11 11 11 9.90
Total Noncurrent Assets
7.84 7.42 13 11 11 11 11 11 9.70
Intangible Assets
0.07 0.06 0.05 0.05 0.04 0.03 0.03 0.02 0.10
Other Noncurrent Operating Assets
7.78 7.36 13 11 11 11 11 11 9.60
Total Liabilities & Shareholders' Equity
218 190 146 114 93 51 143 110 266
Total Liabilities
53 46 34 35 39 48 57 58 58
Total Current Liabilities
33 31 26 27 31 40 49 49 52
Short-Term Debt
- - - 0.38 0.37 0.71 1.00 1.00 1.00
Accounts Payable
19 17 18 20 23 34 41 40 40
Other Current Liabilities
14 15 8.41 7.18 8.04 5.53 7.64 8.67 11
Total Noncurrent Liabilities
20 14 7.76 7.71 8.11 7.31 7.78 8.16 6.70
Noncurrent Employee Benefit Liabilities
- - - - - - - - 1.60
Other Noncurrent Operating Liabilities
20 14 7.76 7.71 8.11 7.31 7.78 8.16 5.10
Total Equity & Noncontrolling Interests
164 144 112 79 54 2.87 86 53 208
Total Preferred & Common Equity
164 144 112 79 54 2.87 86 53 208
Total Common Equity
164 144 112 79 54 2.87 86 53 208
Common Stock
387 387 390 325 327 329 407 407 660
Retained Earnings
-211 -228 -266 -233 -263 -313 -315 -348 -441
Treasury Stock
-1.08 -1.16 -1.33 -1.36 -1.35 -1.26 -1.24 -1.12 -1.00
Accumulated Other Comprehensive Income / (Loss)
0.69 0.76 0.68 0.75 0.71 1.04 0.86 0.50 0.40
Other Equity Adjustments
-11 -15 -12 -13 -9.07 -12 -5.20 -5.68 -10

Annual Metrics And Ratios for DBV Technologies

This table displays calculated financial ratios and metrics derived from DBV Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 24,990,822.00 30,157,777.00 47,028,510.00 54,936,687.00 55,011,687.00 94,137,145.00 96,431,770.00 - 169,113,619.00
DEI Adjusted Shares Outstanding
0.00 0.00 2,499,082.00 3,015,778.00 4,702,851.00 5,493,669.00 5,501,169.00 9,413,715.00 9,643,177.00 - 169,113,619.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 -70.99 -63.03 -36.58 -29.06 -20.01 -11.09 -6.95 - -0.83
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
-35 -85 -122 -133 -120 -111 -69 -68 -54 -82 -103
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - -37.86% -291.05% -60.59%
Earnings before Interest and Taxes (EBIT)
-49 -122 -174 -190 -171 -158 -99 -97 -76 -117 -147
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-48 -122 -174 -190 -168 -158 -90 -83 -90 -118 -144
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -72 181 135 -702 -130 -71 -30 -68 -77 -83
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3.84 -9.45 -313 -581 1.39 21 22 -15 -0.04 -4.41 -24
Increase / (Decrease) in Invested Capital
0.00 -13 -303 -268 582 19 1.68 -37 15 -4.38 -20
Book Value per Share
$0.00 $0.00 $0.00 $0.00 $6.41 $0.27 $1.80 $2.07 $1.46 $0.28 $1.00
Tangible Book Value per Share
$0.00 $0.00 ($0.01) $0.00 $6.40 $0.27 $1.80 $2.07 $1.46 $0.28 $1.00
Total Capital
355 381 4.99 2.84 195 1,021 100 194 141 28 170
Total Debt
5.26 4.88 4.99 2.84 1.46 11 0.51 0.00 1.14 0.65 1.12
Total Long-Term Debt
5.10 4.26 2.19 1.46 0.81 11 0.00 0.00 0.00 0.00 0.00
Net Debt
-346 -265 4.99 2.84 -192 -185 -77 -209 -140 -32 -193
Capital Expenditures (CapEx)
4.90 8.63 9.06 5.44 5.57 -0.06 0.31 0.75 0.68 2.34 0.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-4.74 -13 -647 -919 -42 -42 6.20 -16 -19 -19 -38
Debt-free Net Working Capital (DFNWC)
347 256 -647 -919 151 155 83 194 123 14 156
Net Working Capital (NWC)
346 256 -650 -920 151 155 83 194 122 13 155
Net Nonoperating Expense (NNE)
14 35 56 57 52 49 29 29 19 32 44
Net Nonoperating Obligations (NNO)
-346 -385 -313 -581 -192 -989 -77 -209 -140 -32 -193
Total Depreciation and Amortization (D&A)
1.17 0.00 0.00 0.00 2.60 0.00 8.38 13 -14 -0.93 3.19
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($5.90) $0.00 ($2.48) ($7.60) ($1.17) ($1.05)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 12.50M 15.08M 23.51M 27.47M 0.00 38.69M 9.51M 97.00M 139.57M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($5.90) $0.00 ($2.48) ($7.60) ($1.17) ($1.05)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 12.50M 15.08M 23.51M 27.47M 0.00 38.69M 9.51M 97.00M 139.57M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($5.90) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 12.50M 15.08M 23.51M 27.05M 0.00 47.07M 9.64M 0.00 296.04M
Normalized Net Operating Profit after Tax (NOPAT)
-35 -85 -122 -133 -120 -94 -69 -68 -54 -82 -103
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for DBV Technologies

This table displays calculated financial ratios and metrics derived from DBV Technologies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
96,250,954.00 96,431,770.00 96,431,770.00 96,434,369.00 96,498,927.00 - 96,501,526.00 136,948,872.00 136,973,697.00 169,113,619.00 296,042,447.00
DEI Adjusted Shares Outstanding
9,625,095.00 9,643,177.00 9,643,177.00 9,643,437.00 19,299,785.00 - 19,300,305.00 136,948,872.00 136,973,697.00 169,113,619.00 296,042,447.00
DEI Earnings Per Adjusted Shares Outstanding
-2.15 -0.51 -3.16 -3.53 -1.38 - -1.36 -0.25 -0.25 -0.27 -0.18
Growth Metrics
- - - - - - - - - - -
Revenue Growth
14.37% 780.00% -35.87% -49.26% -54.81% -94.24% -46.48% 26.18% 158.77% - 12.50%
EBITDA Growth
-19.76% 12.11% -33.24% -44.23% -40.39% -1.65% 9.96% -14.29% -9.86% - -83.59%
EBIT Growth
-1.39% 68.64% -34.93% -34.96% -66.00% -100.16% 6.79% -21.48% -13.02% - -80.08%
NOPAT Growth
-1.39% 68.64% -34.93% -34.96% -66.00% -100.16% 6.79% -21.48% -13.02% - -80.08%
Net Income Growth
3.19% 71.49% -32.99% -36.60% -81.90% -105.75% 0.97% -26.45% -8.94% - -75.65%
EPS Growth
3.19% 71.49% -32.99% -36.60% -81.90% -460.00% 7.14% 8.82% 25.00% - 57.69%
Operating Cash Flow Growth
2.37% 42.70% -66.46% -37.26% -14.73% 10.48% 43.31% 3.33% -44.43% - -149.24%
Free Cash Flow Firm Growth
-211.75% -317.22% -749.54% -403.78% -315.46% 46.52% 102.02% 101.00% 99.86% - -2,634.80%
Invested Capital Growth
-732.04% 99.75% 176.76% 236.44% 254.92% -11,829.73% -192.60% -220.52% -300.62% - -117.51%
Revenue Q/Q Growth
3.67% 274.11% -84.14% -17.48% -7.67% -52.33% 47.36% 94.56% 89.35% - 39.75%
EBITDA Q/Q Growth
11.31% -5.23% -24.76% -23.86% 13.67% 23.81% -10.52% -57.22% 17.02% - -5.95%
EBIT Q/Q Growth
27.14% 34.75% -139.56% -18.50% 10.38% 21.32% -11.55% -54.45% 16.62% - -6.33%
NOPAT Q/Q Growth
27.14% 34.75% -139.56% -18.50% 10.38% 21.32% -11.55% -54.45% 16.62% - -6.33%
Net Income Q/Q Growth
30.97% 33.16% -144.46% -21.10% 8.07% 24.40% -17.66% -54.64% 20.80% - -6.18%
EPS Q/Q Growth
30.97% 33.16% -144.46% -21.10% 8.07% 12.50% 7.14% -19.23% 22.58% - 65.63%
Operating Cash Flow Q/Q Growth
23.40% 30.08% -153.49% -1.10% 35.97% 45.44% -60.53% -72.39% 4.34% - -39.60%
Free Cash Flow Firm Q/Q Growth
10.79% -178.86% -87.93% -7.75% 26.43% 64.10% 107.10% -46.50% -110.01% - -91.58%
Invested Capital Q/Q Growth
47.10% 99.28% 27,475.68% 30.93% -39.93% -155.41% -112.48% -70.42% 0.02% - 15.70%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
EBITDA Margin
-915.30% -257.46% -2,025.94% -3,041.00% -2,843.28% -4,544.62% -3,408.50% -2,754.33% -1,207.10% - -5,222.22%
Operating Margin
-770.24% -134.34% -2,029.71% -2,914.90% -2,829.10% -4,669.47% -3,534.93% -2,806.21% -1,235.65% - -5,322.22%
EBIT Margin
-770.24% -134.34% -2,029.71% -2,914.90% -2,829.10% -4,669.47% -3,534.93% -2,806.21% -1,235.65% - -5,322.22%
Profit (Net Income) Margin
-705.56% -126.05% -1,943.50% -2,852.37% -2,839.74% -4,503.91% -3,596.15% -2,858.36% -1,195.53% - -5,288.89%
Tax Burden Percent
100.00% 99.95% 100.18% 100.00% 100.00% 100.03% 100.00% 100.28% 100.00% - 100.42%
Interest Burden Percent
91.60% 93.88% 95.58% 97.85% 100.38% 96.43% 101.73% 101.57% 96.75% - 98.96%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% -15,915.59% -17,551.27% 0.00% -23,075.06% 0.00% 0.00% - 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% -15,907.73% -17,541.83% 0.00% -23,060.21% 0.00% 0.00% - 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 15,676.17% 17,291.67% 0.00% 22,909.20% 0.00% 0.00% - 0.00%
Return on Equity (ROE)
-56.61% -43.47% -54.69% -239.42% -259.60% -135.96% -165.86% -148.09% -234.14% - -158.89%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -809.57% -662.01% -1,084.14% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Return on Assets (OROA)
-19.52% -9.84% -160.11% -242.78% -250.34% -155.91% -125.85% -82.81% -66.81% - -192.63%
Return on Assets (ROA)
-17.88% -9.23% -153.30% -237.57% -251.29% -150.38% -128.03% -84.35% -64.64% - -191.42%
Return on Common Equity (ROCE)
-56.61% -43.47% -54.69% -239.42% -259.60% -135.96% -165.86% -148.09% -234.14% - -158.93%
Return on Equity Simple (ROE_SIMPLE)
-69.99% 0.00% -71.21% 0.00% 0.00% 0.00% -3,955.86% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
-13 -8.34 -20 -24 -21 -17 -19 -29 -24 -32 -34
NOPAT Margin
-539.17% -94.04% -1,420.80% -2,040.43% -1,980.37% -3,268.63% -2,474.45% -1,964.35% -864.96% - -3,725.56%
Net Nonoperating Expense Percent (NNEP)
-2.18% -1.63% -5.01% -7.86% -9.44% -7.34% -14.85% -15.59% -15.96% - -11.70%
Return On Investment Capital (ROIC_SIMPLE)
- -5.90% -17.90% -29.81% -39.02% -59.57% -520.17% -32.99% -44.55% -18.56% -16.05%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue
260.71% 81.09% 554.66% 744.44% 673.51% 992.56% 747.14% 577.68% 261.68% - 1,166.67%
R&D to Revenue
581.58% 143.96% 1,521.18% 2,185.53% 2,207.28% 3,699.22% 2,852.99% 2,299.86% 1,031.54% - 3,711.11%
Operating Expenses to Revenue
870.24% 234.35% 2,129.64% 3,014.90% 2,929.20% 4,769.47% 3,634.79% 2,906.14% 1,335.65% - 5,422.22%
Earnings before Interest and Taxes (EBIT)
-18 -12 -29 -34 -30 -24 -27 -41 -34 -45 -48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-22 -23 -29 -35 -30 -23 -26 -40 -33 -44 -47
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.91 0.65 0.65 0.49 1.25 2.18 45.82 14.55 25.92 - 29.74
Price to Tangible Book Value (P/TBV)
0.91 0.65 0.65 0.49 1.25 2.18 46.28 14.55 25.93 - 29.75
Price to Revenue (P/Rev)
23.59 5.83 4.83 2.80 5.40 14.37 37.64 330.03 248.91 - 1,078.16
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 2.70 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 1.72 6.71 34.14 303.14 236.40 - 1,038.38
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.01 0.00 0.00 0.01 0.02 0.25 0.01 0.02 - 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Financial Leverage
-1.02 -1.04 -1.01 -0.99 -0.99 -1.03 -0.99 -1.02 -1.08 - -1.14
Leverage Ratio
1.23 1.28 1.30 1.36 1.43 1.48 1.72 1.56 1.90 - 1.50
Compound Leverage Factor
1.13 1.21 1.25 1.33 1.43 1.43 1.75 1.58 1.84 - 1.49
Debt to Total Capital
0.00% 0.81% 0.00% 0.48% 0.69% 2.33% 19.79% 1.14% 1.86% - 0.48%
Short-Term Debt to Total Capital
0.00% 0.81% 0.00% 0.48% 0.69% 2.33% 19.79% 1.14% 1.86% - 0.48%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital
100.00% 99.19% 100.00% 99.52% 99.31% 97.67% 80.21% 98.86% 98.14% - 99.55%
Debt to EBITDA
0.00 -0.01 0.00 0.00 0.00 -0.01 -0.01 -0.01 -0.01 - -0.01
Net Debt to EBITDA
0.00 1.55 0.00 0.61 0.39 0.27 0.11 0.85 0.56 - 1.38
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Debt to NOPAT
0.00 -0.02 0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 - -0.01
Net Debt to NOPAT
0.00 2.62 0.00 1.02 0.63 0.39 0.15 1.20 0.78 - 1.94
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Altman Z-Score
0.62 0.13 -1.07 -2.39 -3.38 -6.07 -8.96 9.76 9.30 - 61.53
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -0.03%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
5.38 4.26 4.51 3.29 2.22 1.43 0.72 2.45 1.80 - 4.76
Quick Ratio
4.74 3.79 3.83 2.42 1.50 1.04 0.32 2.09 1.41 - 4.42
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-8.27 -23 -43 -47 -34 -12 0.88 0.47 -0.05 -12 -23
Operating Cash Flow to CapEx
-39,146.00% -3,888.07% -2,598.65% -4,791.39% -5,670.96% 0.00% -196,680.00% -105,953.13% -27,722.22% - -12,275.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.03 0.07 0.08 0.08 0.09 0.03 0.04 0.03 0.05 - 0.04
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover
0.40 1.13 1.08 1.02 0.96 0.35 0.29 0.32 0.47 - 0.55
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
-5.14 -0.04 10 13 7.97 -4.41 -9.38 -16 -16 -24 -20
Invested Capital Turnover
-1.93 -2.13 -9.75 7.80 8.86 -1.87 9.33 -2.79 -1.37 - -0.39
Increase / (Decrease) in Invested Capital
-4.52 15 23 23 13 -4.38 -20 -29 -24 -20 -11
Enterprise Value (EV)
-18 -48 -29 -27 21 28 119 1,152 1,301 - 5,956
Market Capitalization
131 92 72 39 68 60 132 1,254 1,370 - 6,184
Book Value per Share
$1.50 $1.46 $1.16 $0.82 $0.56 $0.28 $0.03 $0.64 $0.39 $1.00 $0.70
Tangible Book Value per Share
$1.50 $1.46 $1.16 $0.82 $0.56 $0.28 $0.03 $0.64 $0.39 $1.00 $0.70
Total Capital
144 141 112 79 54 28 3.58 87 54 170 209
Total Debt
0.00 1.14 0.00 0.38 0.37 0.65 0.71 1.00 1.00 1.12 1.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-149 -140 -102 -66 -46 -32 -12 -102 -69 -193 -228
Capital Expenditures (CapEx)
0.05 0.35 1.34 0.73 0.40 -0.13 0.01 0.03 0.12 0.37 0.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-11 -19 -8.45 -3.26 -8.22 -19 -23 -30 -29 -38 -33
Debt-free Net Working Capital (DFNWC)
138 123 93 63 38 14 -11 73 40 156 196
Net Working Capital (NWC)
138 122 93 63 38 13 -11 72 39 155 195
Net Nonoperating Expense (NNE)
3.95 2.84 7.35 9.43 9.21 6.31 8.45 13 9.17 13 14
Net Nonoperating Obligations (NNO)
-149 -140 -102 -66 -46 -32 -12 -102 -69 -193 -228
Total Depreciation and Amortization (D&A)
-3.44 -11 0.05 -1.46 -0.15 0.64 0.95 0.76 0.79 0.69 0.90
Debt-free, Cash-free Net Working Capital to Revenue
-203.78% -118.56% -56.53% -23.57% -65.69% -446.88% -671.69% -799.61% -534.96% - -580.54%
Debt-free Net Working Capital to Revenue
2,483.82% 780.26% 622.98% 455.75% 305.42% 335.00% -301.03% 1,915.65% 734.11% - 3,415.27%
Net Working Capital to Revenue
2,483.82% 772.99% 622.98% 453.00% 302.43% 319.25% -321.30% 1,889.40% 715.92% - 3,397.84%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.34) ($0.50) ($2.80) ($1.70) ($1.60) ($0.28) ($0.26) ($0.31) ($0.24) ($0.32) ($0.11)
Adjusted Weighted Average Basic Shares Outstanding
48.04M 9.51M 9.62M 19.23M 19.24M 97.00M 102.62M 134.48M 136.81M 139.57M 428.30M
Adjusted Diluted Earnings per Share
($0.34) ($0.50) ($2.80) ($1.70) ($1.60) ($0.28) ($0.26) ($0.31) ($0.24) ($0.32) ($0.11)
Adjusted Weighted Average Diluted Shares Outstanding
48.04M 9.51M 9.62M 19.23M 19.24M 97.00M 102.62M 134.48M 136.81M 139.57M 428.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 ($0.50) $0.00 $0.00 $0.00 ($0.28) $0.00 $0.00 $0.00 ($0.32) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
48.14M 9.64M 9.64M 19.30M 19.30M 0.00 136.95M 136.97M 169.11M 296.04M 296.04M
Normalized Net Operating Profit after Tax (NOPAT)
-13 -8.34 -20 -24 -21 -17 -19 -29 -24 -32 -34
Normalized NOPAT Margin
-539.17% -94.04% -1,420.80% -2,040.43% -1,980.37% -3,268.63% -2,474.45% -1,964.35% -864.96% - -3,725.56%
Pre Tax Income Margin
-705.56% -126.12% -1,940.09% -2,852.37% -2,839.74% -4,502.54% -3,596.15% -2,850.38% -1,195.53% - -5,266.67%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

DBV Technologies (DBVT) has posted quarterly results across 2025 and prior years. Here are the key trends from the latest four years, focusing on cash flow, profitability, and balance-sheet dynamics.

  • Q4 2025 equity financing was substantial: Common Equity issuance of 158,770,000 and net cash from continuing financing activities of 159,060,000, helping grow cash by about 124.33 million for the quarter.
  • Q2 2025 financing also produced a large inflow: Net cash from continuing financing activities of 116,947,000, contributing to a net cash increase of roughly 90.25 million in that quarter.
  • Regular, though modest, interest/investment income provided cash receipts across quarters (Q4 2025: 597,000; Q3 2025: 1,113,000; Q2 2025: 648,000; Q1 2025: 1,261,000), helping cushion cash flow.
  • Revenue remains relatively small relative to expenses, with Q4 2025 operating revenue of 0.644 million and similar scale in nearby quarters, indicating limited top-line growth to date.
  • Total assets fluctuated, rising to about 143.4 million by Q2 2025, then receding to about 110.5 million by Q3 2025, suggesting balance-sheet volatility tied to financing activity.
  • Weighted average shares outstanding have risen over 2025 (from roughly 102.6 million in Q1 2025 to around 136.8–169.1 million in mid-2025, with a substantial figure around 296.0 million for 2025 Q4), indicating dilution pressures for shareholders.
  • Net income remains deeply negative across the quarters (Q4 2025 continuing net income of -44.83 million; Q3 2025 -33.16 million; Q2 2025 -41.88 million; Q1 2025 -27.08 million), showing ongoing losses.
  • Operating cash flow is negative in every quarter (Q4 2025 continuing operating activities -35.18 million; Q3 2025 -32.43 million; Q2 2025 -33.91 million; Q1 2025 -19.67 million), signaling continuous cash burn from core operations.
  • R&D expenditure remains very high relative to revenue (Q4 2025 RD expense about 32.89 million; Q3 2025 28.62 million; Q2 2025 33.69 million; Q1 2025 21.48 million), driving losses and raising sustainability concerns.
  • Heavy reliance on episodic equity financing to fund operations, which drives dilution risk and makes the company’s liquidity very dependent on capital markets timing.
05/07/26 03:52 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About DBV Technologies' Financials

When does DBV Technologies' fiscal year end?

According to the most recent income statement we have on file, DBV Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has DBV Technologies' net income changed over the last 10 years?

Over the last 10 years, DBV Technologies' net income changed from -$48.54 million in 2015 to -$146.95 million in 2025, a change of 202.7%. See DBV Technologies' forecast for analyst expectations on what’s next for the company.

What is DBV Technologies' operating income?
DBV Technologies' total operating income in 2025 was -$147.06 million, based on the following breakdown:
  • Total Gross Profit: $5.64 million
  • Total Operating Expenses: $152.69 million
How has DBV Technologies' revenue changed over the last 10 years?

Over the last 10 years, DBV Technologies' total revenue changed from $6.70 million in 2015 to $5.64 million in 2025, a change of -15.9%.

How much debt does DBV Technologies have?

DBV Technologies' total liabilities were at $64.90 million at the end of 2025, a 69.6% increase from 2024, and a 181.7% increase since 2015.

How much cash does DBV Technologies have?

In the past 10 years, DBV Technologies' cash and equivalents has ranged from $0.00 in 2017 to $351.37 million in 2015, and is currently $194.20 million as of their latest financial filing in 2025.

How has DBV Technologies' book value per share changed over the last 10 years?

Over the last 10 years, DBV Technologies' book value per share changed from 0.00 in 2015 to 1.00 in 2025, a change of 99.8%.



Financial statements for NASDAQ:DBVT last updated on 5/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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