DBV Technologies S.a. income statement
In fiscal 2025, DBV Technologies S.a. reported revenue of $5.6m, up 35.8% on the year before, operating income of −$147m (a -2609.2% margin) and net income of −$147m, or −$1.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 11 | 6 | 5 | 16 | 4 | 6 | 4 |
| Research and development | 115 | 102 | 70 | 76 | 60 | 89 | 117 | 144 |
| Selling and marketing | 22 | 10 | 4 | 2 | 2 | 3 | 3 | 17 |
| General and administrative | 49 | 35 | 31 | 24 | 30 | 29 | 33 | 51 |
| Operating income | −171 | −159 | −99 | −97 | −76 | −117 | −147 | −208 |
| Income before tax | −171 | −160 | −98 | −96 | −73 | −114 | −146 | −206 |
| Income tax | 1 | −0 | −0 | 0 | 0 | 0 | 0 | 1 |
| Net income | −172 | −160 | −98 | 96 | 73 | −114 | −147 | −207 |
| Diluted EPS | −$4.65 | −$2.95 | −$1.78 | −$1.24 | −$0.76 | −$1.17 | −$1.05 | −$0.55 |
| Diluted shares (average) | 37m | 54m | 55m | 77m | 95m | 97m | 140m | 374m |
| EBITDA | — | −154 | −94 | −94 | −73 | −114 | −144 | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 |
| Research and development | 19 | 22 | 34 | 29 | 33 | 33 | 31 | 47 |
| Selling and marketing | 0 | 0 | 0 | 1 | 1 | 5 | 6 | 5 |
| General and administrative | 5 | 6 | 9 | 7 | 11 | 11 | 15 | 14 |
| Operating income | −24 | −27 | −41 | −34 | −45 | −48 | −51 | −65 |
| Income before tax | −23 | −27 | −42 | −33 | −44 | −47 | −50 | −64 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −23 | −27 | −42 | −33 | −45 | −48 | −50 | −65 |
| Diluted EPS | −$0.22 | −$0.26 | −$0.31 | −$0.24 | −$0.23 | −$0.11 | −$0.12 | −$0.14 |
| EBITDA | — | — | — | — | — | — | — | −64 |
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