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Stocks · Health care · Biological Products, (No Diagnostic Substances)

DBV Technologies S.A.

DBVT Clue Score33
France Fiscal year ends December CIK 0001613780
$9.80 +2.62% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $9.80 +97.98% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.1Operating income−116.0Net income−114.5Fiscal year 2017Revenue11.9 +31.1%Operating income−145.0Net income−147.7Fiscal year 2018Revenue14.5 +22.1%Operating income−166.2Net income−166.1Fiscal year 2019Revenue14.7 +1.2%Operating income−171.0Net income−172.0Fiscal year 2020Revenue11.3 −23.3%Operating income−158.8Net income−159.6Fiscal year 2021Revenue5.7 −49.4%Operating income−98.6Net income−97.8EPS, diluted−1.78Fiscal year 2022Revenue4.8 −15.1%Operating income−96.6Net income96.3EPS, diluted−1.24Fiscal year 2023Revenue15.7 +224.7%Operating income−76.4Net income72.7 −24.5%EPS, diluted−0.76Fiscal year 2024Revenue4.2 −73.6%Operating income−116.6Net income−113.9 −256.7%EPS, diluted−1.17Fiscal year 2025Revenue5.6 +35.8%Operating income−147.1Net income−146.9EPS, diluted−1.05
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.1 11.9 14.5 14.7 11.3 5.7 4.8 15.7 4.2 5.6
Growth +31.1% +22.1% +1.2% −23.3% −49.4% −15.1% +224.7% −73.6% +35.8%
Operating income −116.0 −145.0 −166.2 −171.0 −158.8 −98.6 −96.6 −76.4 −116.6 −147.1
Net income −114.5 −147.7 −166.1 −172.0 −159.6 −97.8 96.3 72.7 −113.9 −146.9
Growth −24.5% −256.7%
EPS, diluted n/a n/a n/a n/a n/a −1.78 −1.24 −0.76 −1.17 −1.05

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−1,277.3%Net margin−1,260.8%Free cash flow margin−743.4%Fiscal year 2017Operating margin−1,217.4%Net margin−1,240.2%Free cash flow margin−1,020.7%Fiscal year 2018Operating margin−1,143.3%Net margin−1,142.4%Free cash flow margin−972.2%Fiscal year 2019Operating margin−1,162.8%Net margin−1,169.5%Free cash flow margin−1,046.5%Fiscal year 2020Operating margin−1,408.7%Net margin−1,415.0%Free cash flow margin−1,493.4%Fiscal year 2021Operating margin−1,727.6%Net margin−1,713.5%Free cash flow margin−1,912.3%Fiscal year 2022Operating margin−1,994.9%Net margin1,987.5%Free cash flow margin−1,164.7%Fiscal year 2023Operating margin−486.0%Net margin462.3%Free cash flow margin−510.7%Fiscal year 2024Operating margin−2,808.7%Net margin−2,744.4%Free cash flow margin−2,573.2%Fiscal year 2025Operating margin−2,609.2%Net margin−2,607.3%Free cash flow margin−2,159.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −1,277.3% −1,217.4% −1,143.3% −1,162.8% −1,408.7% −1,727.6% −1,994.9% −486.0% −2,808.7% −2,609.2%
Net margin −1,260.8% −1,240.2% −1,142.4% −1,169.5% −1,415.0% −1,713.5% 1,987.5% 462.3% −2,744.4% −2,607.3%
Free cash flow margin −743.4% −1,020.7% −972.2% −1,046.5% −1,493.4% −1,912.3% −1,164.7% −510.7% −2,573.2% −2,159.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−59.5Capital expenditure−8.0Free cash flow−67.5Buybacks−0.1Fiscal year 2017Operating cash flow−114.3Capital expenditure−7.2Free cash flow−121.6Buybacks−0.0Fiscal year 2018Operating cash flow−136.6Capital expenditure−4.7Free cash flow−141.3Buybacks−0.5Fiscal year 2019Operating cash flow−148.3Capital expenditure−5.6Free cash flow−153.9Fiscal year 2020Operating cash flow−165.6Capital expenditure−2.8Free cash flow−168.4Fiscal year 2021Operating cash flow−108.2Capital expenditure−0.9Free cash flow−109.2Fiscal year 2022Operating cash flow−55.7Capital expenditure−0.8Free cash flow−56.4Fiscal year 2023Operating cash flow−79.7Capital expenditure−0.7Free cash flow−80.3Fiscal year 2024Operating cash flow−104.5Capital expenditure−2.3Free cash flow−106.8Fiscal year 2025Operating cash flow−121.2Capital expenditure−0.5Free cash flow−121.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −59.5 −114.3 −136.6 −148.3 −165.6 −108.2 −55.7 −79.7 −104.5 −121.2
Capital expenditure −8.0 −7.2 −4.7 −5.6 −2.8 −0.9 −0.8 −0.7 −2.3 −0.5
Free cash flow −67.5 −121.6 −141.3 −153.9 −168.4 −109.2 −56.4 −80.3 −106.8 −121.7
Growth
Buybacks −0.1 −0.0 −0.5 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash256.5Total debt4.0Net cash (debt)252.4Shareholders’ equity242.8Debt to equity0.02Fiscal year 2017Cash137.9Total debt1.8Net cash (debt)136.1Shareholders’ equity129.9Debt to equity0.01Fiscal year 2018Cash140.6Total debt2.8Net cash (debt)137.7Shareholders’ equity138.9Debt to equity0.02Fiscal year 2019Cash193.3Total debt1.5Net cash (debt)191.8Shareholders’ equity193.2Debt to equity0.01Fiscal year 2020Cash196.4Total debt1.3Net cash (debt)195.1Shareholders’ equity205.5Debt to equity0.01Fiscal year 2021Cash77.3Total debt0.5Net cash (debt)76.8Shareholders’ equity99.3Debt to equity0.01Fiscal year 2022Cash209.2Shareholders’ equity194.5Fiscal year 2023Cash141.4Shareholders’ equity140.2Fiscal year 2024Cash32.5Shareholders’ equity27.4Fiscal year 2025Cash194.2Shareholders’ equity168.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 256.5 137.9 140.6 193.3 196.4 77.3 209.2 141.4 32.5 194.2
Total debt 4.0 1.8 2.8 1.5 1.3 0.5 n/a n/a n/a n/a
Net cash (debt) 252.4 136.1 137.7 191.8 195.1 76.8 n/a n/a n/a n/a
Shareholders’ equity 242.8 129.9 138.9 193.2 205.5 99.3 194.5 140.2 27.4 168.8
Debt to equity 0.02 0.01 0.02 0.01 0.01 0.01 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
9.1 11.9 14.5 14.7 11.3 5.7 4.8 15.7 4.2 5.6
Growth +31.1% +22.1% +1.2% −23.3% −49.4% −15.1% +224.7% −73.6% +35.8%
78.8 105.2 107.2 101.5 n/a n/a n/a n/a n/a n/a
35.0 35.8 41.4 44.4 35.1 30.5 24.3 29.5 28.7 32.8
−116.0 −145.0 −166.2 −171.0 −158.8 −98.6 −96.6 −76.4 −116.6 −147.1
Growth
−114.5 −147.7 −166.1 −171.4 −159.6 −98.2 −96.2 −72.7 −113.9 −146.5
0.0 0.0 0.0 0.6 −0.0 −0.4 0.1 0.0 0.1 0.5
−114.5 −147.7 −166.1 −172.0 −159.6 −97.8 96.3 72.7 −113.9 −146.9
Growth −24.5% −256.7%
Per share
n/a n/a n/a n/a n/a −1.78 −1.24 −0.76 −1.17 −1.05
n/a n/a n/a n/a n/a −1.78 −1.24 −0.76 −1.17 −1.05
Growth
n/a n/a n/a n/a n/a 54.9 77.4 95.1 97.0 139.6
24.5 24,757 28,925 37,007 n/a 54.9 77.4 95.1 97.0 139.6
Growth +101,136.3% +16.8% +27.9% +40.9% +22.9% +2.0% +43.9%

† The diluted share count jumps at 2017 and 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 13.0% a year over five years.
  • Operating margin is down 1,200.6 points on five years ago, at -2,609.2%.
  • A net loss in 8 of 10 years on file.