Filing Flows › DBV Technologies S.A. (DBVT) › Q4 2025
DBV Technologies S.A. (DBVT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
DBV Technologies S.A. (DBVT) reported revenue of $636K for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and -77% from the quarter before.
DBV Technologies S.A., Q4 2025: revenue $636K (+24% year over year), net loss $44.8M, operating cash flow −$35.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $636K | -77% | +24% |
| Operating profit | −$45.1M | — | — |
| Net earnings | −$44.8M | — | — |
| Operating cash flow | −$35.2M | — | — |
What changed
Revenue was $636K in Q4 2025, up 24% year over year and down 77% from the previous quarter.
Operating costs exceeded revenue by $45.1M, an operating margin of -7084.3%. Total costs grew 87% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+234%). The quarter ended with a net loss of $44.8M, wider than the previous quarter's $33.2M loss.
Operating cash flow was −$35.2M. Non-cash charges added back $1.9M of share-based compensation. Working capital and other items added $7.8M. Capital expenditures of $373K exceeded it, leaving free cash flow of −$35.6M.
Questions
What was DBV Technologies S.A.'s revenue in the fourth quarter 2025?
DBV Technologies S.A.