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DBV Technologies SA - American (DBVT)
NASDAQ:DBVT
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DBV Technologies SA - American (DBVT) AI Stock Analysis

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DBVT

DBV Technologies SA - American

(NASDAQ:DBVT)

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Neutral 46 (OpenAI - Gpt-5.6Sol)
Rating:46Neutral
Price Target:
$9.00
▼(-39.88% Downside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by weak financial performance—zero TTM revenue, widening losses, and a sharply negative free cash flow profile that raises financing/dilution risk. Technicals also remain bearish with the price below all key moving averages and a negative MACD, despite oversold momentum indicators. A supportive balance sheet and a positive FDA/BLA preparation update provide some offset but are not enough to outweigh the current earnings and cash burn risks.
Positive Factors
Proprietary Immunotherapy Platform
The proprietary Viaskin platform gives DBV a differentiated delivery approach in allergy immunotherapy and creates a foundation for multiple indications. If clinical and regulatory objectives are achieved, the same platform could support broader development and commercial leverage beyond one product.
Negative Factors
No Current Commercial Revenue
Zero recent revenue and widening losses show that DBV has not yet reached commercial scale, leaving the business dependent on successful clinical and regulatory execution. Until a product generates sales, fixed research and operating costs will continue to weigh on earnings and financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary Immunotherapy Platform
The proprietary Viaskin platform gives DBV a differentiated delivery approach in allergy immunotherapy and creates a foundation for multiple indications. If clinical and regulatory objectives are achieved, the same platform could support broader development and commercial leverage beyond one product.
Read all positive factors

DBV Technologies SA - American (DBVT) vs. SPDR S&P 500 ETF (SPY)

DBV Technologies SA - American Business Overview & Revenue Model

Company Description
DBV Technologies S.A., a biopharmaceutical firm based in Montrouge, France, operates at the clinical stage, focusing on the research and development of epicutaneous immunotherapy solutions. Its flagship product, Viaskin Peanut, has completed Phase...
How the Company Makes Money
DBV Technologies does not have an established, recurring commercial revenue stream because it is primarily a clinical-stage company and, to the extent publicly available information indicates, it has not broadly commercialized an approved product....

DBV Technologies SA - American Earnings Call Summary

Earnings Call Date:Jul 30, 2024
(Q2-2024)
|
% Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The earnings call presents a positive outlook with significant progress in Viaskin Peanut development and financial management. However, regulatory challenges and increased operating expenses pose some concerns. The overall sentiment is cautiously optimistic with a positive tilt due to successful trial milestones and extended cash runway.
Positive Updates
Viaskin Peanut Development Progress
Successful results from the Phase III efficacy study, EPITOPE, for toddlers aged 1 to 3 years met its primary endpoint. Enrollment for the VITESSE Phase III trial in children aged 4 to 7 years is expected to complete by the end of Q3 2024.
Negative Updates
Regulatory Challenges with FDA
Ongoing discussions with the FDA regarding the COMFORT Toddlers supplemental safety study, particularly concerning patch wear-time experience, indicating a delay in protocol alignment.
Read all updates
Q2-2024 Updates
Negative
Viaskin Peanut Development Progress
Successful results from the Phase III efficacy study, EPITOPE, for toddlers aged 1 to 3 years met its primary endpoint. Enrollment for the VITESSE Phase III trial in children aged 4 to 7 years is expected to complete by the end of Q3 2024.
Read all positive updates
Company Guidance
During the DBV Technologies Q2 2024 earnings call, the company provided several key updates on its development programs and financial outlook. DBV is advancing its Viaskin Peanut candidate for treating peanut allergies in children aged 1 to 7. The VITESSE Phase III trial for children aged 4 to 7 is progressing well, with patient enrollment expected to complete by the end of Q3 2024. The company is also addressing the FDA's feedback on its COMFORT Toddlers supplemental safety study, which supports the Biologics License Application for the 1 to 3 age group. Additionally, DBV Technologies has extended its cash runway into Q1 2025 due to cost-saving measures, despite a net loss of $60.5 million in H1 2024. The company remains focused on achieving regulatory approval and advancing its clinical trials, with anticipated milestones set for the remainder of the year.

DBV Technologies SA - American Financial Statement Overview

Summary
Financials are pressured by a high-burn profile: TTM revenue is zero with deeply negative operating results, and losses have widened materially (TTM net loss ~-$167M vs. ~-$73M in 2023). Cash flow is a key weakness with sharply negative TTM operating cash flow (~-$200M) and free cash flow (~-$201M), increasing financing/dilution risk. The main offset is a comparatively solid balance sheet with low leverage (TTM debt ~$7.7M vs. equity ~$160.4M), but persistent losses and negative ROE still weigh heavily.
Income Statement
14
Very Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.0015.73M4.84M5.71M
Gross Profit-4.28M0.00-6.81M15.73M4.84M-4.68M
EBITDA-168.46M-143.86M-110.99M-63.27M-83.47M-91.16M
Net Income-175.85M-146.95M-113.72M-72.73M-96.27M-97.81M
Balance Sheet
Total Assets223.20M233.72M65.66M182.99M246.52M146.32M
Cash, Cash Equivalents and Short-Term Investments174.90M194.17M32.46M141.37M209.19M77.30M
Total Debt21.00M21.68M7.80M6.55M10.03M10.66M
Total Liabilities62.80M64.95M38.27M42.80M52.06M47.29M
Stockholders Equity160.40M168.77M27.39M140.19M194.45M99.03M
Cash Flow
Free Cash Flow-200.68M-121.18M-106.81M-80.33M-56.45M-109.16M
Operating Cash Flow-199.79M-121.18M-104.47M-79.65M-55.70M-108.24M
Investing Cash Flow-1.78M-1.37M-757.00K-808.00K-100.00K-433.00K
Financing Cash Flow337.00M276.18M587.00K6.77M194.10M274.00K

DBV Technologies SA - American Technical Analysis

Technical Analysis Sentiment
Negative
Last Price14.97
Price Trends
50DMA
12.32
Negative
100DMA
14.02
Negative
200DMA
17.29
Negative
Market Momentum
MACD
-1.00
Positive
RSI
26.65
Positive
STOCH
19.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DBVT, the sentiment is Negative. The current price of 14.97 is above the 20-day moving average (MA) of 10.44, above the 50-day MA of 12.32, and below the 200-day MA of 17.29, indicating a bearish trend. The MACD of -1.00 indicates Positive momentum. The RSI at 26.65 is Positive, neither overbought nor oversold. The STOCH value of 19.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DBVT.

DBV Technologies SA - American Risk Analysis

DBV Technologies SA - American disclosed 78 risk factors in its most recent earnings report. DBV Technologies SA - American reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

DBV Technologies SA - American Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
$678.95M-4.46-41.33%―278712.12%26.59%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
$226.56M-2.40-41.85%――64.51%
47
Neutral
$131.21M-0.89-114.26%―-62.08%-2.62%
46
Neutral
$562.07M-2.26-119.47%――37.51%
44
Neutral
$220.23M-1.07-137.39%――-27.00%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DBVT
DBV Technologies SA - American
9.48
-6.49
-40.64%
LRMR
Larimar Therapeutics
2.44
-1.85
-43.12%
KRRO
Korro Bio
9.44
-32.00
-77.22%
FDMT
4D Molecular Therapeutics
13.10
1.86
16.55%
LXEO
Lexeo Therapeutics, Inc.
3.02
-6.58
-68.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 12, 2026