Filing Flows › DBV Technologies S.A. (DBVT) › Q3 2025
DBV Technologies S.A. (DBVT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
DBV Technologies S.A. (DBVT) reported revenue of $2.8M for the third quarter 2025 (Q3 2025), +161% from a year earlier and +87% from the quarter before.
DBV Technologies S.A., Q3 2025: revenue $2.8M (+161% year over year), net loss $33.2M, operating cash flow −$32.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +87% | +161% |
| Operating profit | −$34.3M | — | — |
| Net earnings | −$33.2M | — | — |
| Operating cash flow | −$32.4M | — | — |
What changed
Revenue was $2.8M in Q3 2025, up 161% year over year and up 87% from the previous quarter.
Operating costs exceeded revenue by $34.3M, an operating margin of -1225.0%. Total costs grew 18% against revenue growth of 161%. The fastest-growing cost line was Sales & marketing (+131%). The quarter ended with a net loss of $33.2M, narrower than the previous quarter's $41.9M loss.
Operating cash flow was −$32.4M. Non-cash charges added back $600K of share-based compensation. Capital expenditures of $117K exceeded it, leaving free cash flow of −$32.5M.
Questions
What was DBV Technologies S.A.'s revenue in the third quarter 2025?
DBV Technologies S.A.