7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 13.0% per year over the past 5 years.
Operating margin has contracted, at -2609.2% in the latest year.
Financial health
Total debt has grown slower than revenue (-40.9% vs -13.0% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.6 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$6M
-$147M
0.0%
-2609.2%
-87.1%
-62.9%
-$122M
—
$194M
2024
$4M
-$114M
0.0%
-2808.7%
-415.8%
-173.5%
-$107M
—
$32M
2023
$16M
-$73M
0.0%
-486.0%
-51.9%
-39.7%
-$80M
—
$141M
2022
$5M
$96M
0.0%
-1994.9%
49.5%
39.1%
-$56M
—
$209M
2021
$6M
-$98M
0.0%
-1727.6%
-98.5%
-66.7%
-$109M
$510000
$77M
2020
$11M
-$160M
0.0%
-1408.7%
-77.6%
-58.6%
-$168M
$1M
$196M
2019
$15M
-$172M
0.0%
-1162.8%
-89.0%
-63.3%
-$154M
$1M
$193M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$700000
-$50M
0.0%
-7228.6%
-31.4%
-22.6%
-$53M
—
$175M
Mar '26
$900000
-$48M
0.0%
-5322.2%
-22.9%
-17.9%
-$50M
—
$229M
Dec '25
$645000
-$45M
0.0%
-6984.7%
-26.6%
-19.2%
-$36M
—
$194M
Sep '25
$3M
-$33M
0.0%
-1235.7%
-62.7%
-30.0%
-$33M
—
$70M
Jun '25
$2M
-$42M
0.0%
-2740.0%
-48.6%
-29.2%
-$34M
—
$103M
Mar '25
$800000
-$27M
0.0%
-3325.0%
-934.5%
-53.6%
-$20M
—
$13M
Dec '24
$511000
-$23M
0.0%
-4669.5%
-84.0%
-35.1%
-$12M
—
$32M
Sep '24
$1M
-$30M
0.0%
-2829.1%
-56.3%
-32.7%
-$23M
—
$46M
Jun '24
$1M
-$33M
0.0%
-2914.9%
-41.9%
-29.0%
-$36M
—
$66M
Mar '24
$1M
-$27M
0.0%
-2029.7%
-24.5%
-18.7%
-$36M
—
$102M
Dec '23
$9M
-$11M
0.0%
-134.3%
-8.0%
-6.1%
-$14M
—
$141M
Sep '23
$2M
-$17M
0.0%
-770.2%
-11.6%
-8.8%
-$20M
—
$149M
Jun '23
$2M
-$24M
0.0%
-1096.0%
-14.8%
-11.1%
-$26M
—
$174M
Mar '23
$2M
-$21M
0.0%
-964.7%
-11.5%
-8.8%
-$21M
—
$192M
Dec '22
-$1M
-$39M
0.0%
2915.4%
-20.2%
-15.9%
-$24M
—
$209M
Sep '22
$2M
-$17M
0.0%
-868.9%
-8.2%
-7.0%
-$20M
—
$213M
Jun '22
$2M
-$23M
0.0%
-1558.1%
-9.4%
-8.1%
-$10M
—
$248M
Mar '22
$3M
-$17M
0.0%
-658.7%
-20.4%
-14.2%
-$2M
—
$74M
Dec '21
$3M
-$14M
0.0%
-459.7%
-13.8%
-9.3%
-$20M
$510000
$77M
Sep '21
$1M
-$24M
0.0%
-1841.9%
-20.6%
-14.1%
-$23M
—
$98M
Valuation over time
How the market has priced DBVT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 2.4× (Mar '23) to 1.4× (Dec '23).
The price-to-sales ratio has risen from 48.6× (Mar '23) to 340.5× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DBVT growing its revenue and profit?
Over the past 5 years, DBV Technologies S.A.'s revenue has declined 13.0% per year. These are computed facts, not advice.
How much debt does DBVT have?
As of FY2025, DBV Technologies S.A. reported — of total debt against $194M of cash.
What is DBVT's profit margin?
In FY2025, gross margin was —, operating margin -2609.2%, and net margin -2607.3%.
What is DBVT's P/E ratio?
As of Sep '26, DBV Technologies S.A. traded at a price-to-earnings ratio of about 1.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.