Filing Flows › DBV Technologies S.A. (DBVT) › Q2 2025
DBV Technologies S.A. (DBVT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
DBV Technologies S.A. (DBVT) reported revenue of $1.5M for the second quarter 2025 (Q2 2025), +29% from a year earlier and +99% from the quarter before.
DBV Technologies S.A., Q2 2025: revenue $1.5M (+29% year over year), net loss $41.9M, operating cash flow −$33.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | +99% | +29% |
| Operating profit | −$41.1M | — | — |
| Net earnings | −$41.9M | — | — |
| Operating cash flow | −$33.9M | — | — |
What changed
Revenue was $1.5M in Q2 2025, up 29% year over year and up 99% from the previous quarter.
Operating costs exceeded revenue by $41.1M, an operating margin of -2740.0%. Total costs grew 22% against revenue growth of 29%. The fastest-growing cost line was Research & development (+33%). The quarter ended with a net loss of $41.9M, wider than the previous quarter's $27.1M loss.
Operating cash flow was −$33.9M. Non-cash charges added back $1.2M of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $32K exceeded it, leaving free cash flow of −$33.9M.
Questions
What was DBV Technologies S.A.'s revenue in the second quarter 2025?
DBV Technologies S.A.