DBV Technologies S.A. (DBVT) Balance Sheet
DBVT balance sheet, 2025
December 31, 2025 · U.S. dollars$233.7M assets = $64.9M liabilities + $168.8M equity
Both columns are drawn to the same scale: what DBVT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DBVT financial health
Descriptive bands, not a rating. Fiscal 2025.
DBVT balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $65.7M2024 | $233.7M2025 | +256.0%/yr | |
| Total liabilities | $38.3M2024 | $64.9M2025 | +69.7%/yr | |
| Shareholders’ equity | $27.4M2024 | $168.8M2025 | +516.2%/yr | |
| Cash & short-term investments | $32.5M2024 | $194.2M2025 | +498.2%/yr | |
| Total debt | $7.8M2024 | $21.7M2025 | +178.1%/yr | |
| Net cash (debt) | $24.7M2024 | $172.5M2025 | +$147.8M | |
| Working capital | $13.3M2024 | $154.9M2025 | +$141.7M | |
| Book value per share | $0.282024 | $1.952025 | +585.9%/yr | |
| Current ratio | 1.432024 | 3.672025 | +2.24 | |
| Debt / equity | 0.282024 | 0.132025 | −0.16 | |
| Shares outstanding | 96.2M2024 | 86.4M2025 | −10.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DBVT assets
DBVT liabilities and equity
DBVT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DBVT balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $194.2M | $32.5M |
| Cash & equivalents | $194.2M | $32.5M |
| Receivables | $16.1M | $10.4M |
| Inventory | $0 | $0 |
| Other current assets | $2.6M | $1.5M |
| Total current assets | $212.9M | $44.4M |
| Property, plant & equipment (net) | $14.9M | $16.8M |
| Goodwill & intangible assets | $22,000 | $40,000 |
| Long-term investments | $5.2M | $4.3M |
| Other non-current assets | $619,000 | $110,000 |
| Total assets | $233.7M | $65.7M |
| Liabilities | ||
| Accounts payable | $40.9M | $22.0M |
| Short-term debt | $16.3M | $1.5M |
| Total current liabilities | $58.0M | $31.1M |
| Long-term debt | $0 | $0 |
| Lease obligations | $6.5M | $7.0M |
| Other long-term liabilities | $6.9M | $7.1M |
| Total liabilities | $64.9M | $38.3M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $26.1M | $11.7M |
| Retained earnings (deficit) | −$393.1M | −$286.4M |
| Accumulated other comprehensive income | −$5.4M | −$12.2M |
| Total shareholders' equity | $168.8M | $27.4M |
| Key figures | ||
| Total debt | $21.7M | $7.8M |
| Net cash (debt) | $172.5M | $24.7M |
| Working capital | $154.9M | $13.3M |
| Tangible book value | $168.7M | $27.3M |
| Book value per share | $1.95 | $0.28 |
| Shares outstanding | 86.4M | 96.2M |
| Current ratio | 3.67 | 1.43 |
| Quick ratio | 3.62 | 1.38 |
| Debt / equity | 0.13 | 0.28 |
| Equity / assets | 72.2% | 41.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $174.9M | $229.2M | $194.2M | $69.8M | $103.2M | $13.0M | $32.5M |
| Cash & equivalents | $174.9M | $229.2M | $194.2M | $69.8M | $103.2M | $13.0M | $32.5M |
| Receivables | $17.3M | $15.1M | $16.1M | $16.0M | $15.7M | $12.3M | $10.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $9.7M | $2.4M | $2.6M | $3.1M | $2.3M | $3.9M | $1.5M |
| Total current assets | $201.9M | $246.7M | $212.9M | $88.9M | $121.2M | $29.1M | $44.4M |
| Property, plant & equipment (net) | $15.6M | $14.1M | $14.9M | $16.1M | $16.8M | $16.4M | $16.8M |
| Goodwill & intangible assets | $0 | $100,000 | $22,000 | $21,000 | $26,000 | $29,000 | $0 |
| Long-term investments | $0 | $0 | $5.2M | $0 | $0 | $0 | $4.3M |
| Other non-current assets | $5.7M | $5.5M | $619,000 | $5.5M | $5.3M | $5.0M | $150,000 |
| Total assets | $223.2M | $266.4M | $233.7M | $110.5M | $143.4M | $50.6M | $65.7M |
| Liabilities | |||||||
| Accounts payable | $11.8M | $39.5M | $40.9M | $39.8M | $40.8M | $34.1M | $22.0M |
| Short-term debt | $14.1M | $11.2M | $16.3M | $9.3M | $8.9M | $5.8M | $1.5M |
| Total current liabilities | $54.3M | $51.8M | $58.0M | $49.5M | $49.4M | $40.4M | $31.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $7.7M | $6.1M | $6.5M | $7.7M | $7.7M | $7.2M | $7.0M |
| Other long-term liabilities | $8.5M | $6.7M | $6.9M | $8.2M | $7.8M | $7.3M | $7.1M |
| Total liabilities | $62.8M | $58.5M | $64.9M | $57.6M | $57.2M | $47.7M | $38.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $34.0M | $34.0M | $26.9M | $15.4M | $15.4M | $11.7M | $11.7M |
| Retained earnings (deficit) | −$270.3M | −$440.7M | −$393.1M | −$348.3M | −$315.1M | −$313.5M | −$286.4M |
| Accumulated other comprehensive income | −$10.7M | −$9.9M | −$5.4M | −$5.2M | −$4.3M | −$11.4M | −$12.2M |
| Total shareholders' equity | $160.4M | $207.9M | $168.8M | $52.9M | $86.2M | $2.9M | $27.4M |
| Key figures | |||||||
| Total debt | $21.0M | $16.3M | $21.7M | $16.0M | $15.6M | $12.3M | $7.8M |
| Net cash (debt) | $153.9M | $212.9M | $172.5M | $53.8M | $87.6M | $613,000 | $24.7M |
| Working capital | $147.6M | $194.9M | $154.9M | $39.4M | $71.8M | −$11.2M | $13.3M |
| Tangible book value | $160.4M | $207.8M | $168.7M | $52.8M | $86.2M | $2.8M | $27.4M |
| Book value per share | $1.87 | $2.43 | $2.20 | $0.55 | $0.90 | $0.03 | $1.42 |
| Shares outstanding | 85.7M | 85.7M | 76.6M | 96.2M | 96.2M | 96.2M | 19.2M |
| Current ratio | 3.72 | 4.76 | 3.67 | 1.80 | 2.45 | 0.72 | 1.43 |
| Quick ratio | 3.54 | 4.72 | 3.62 | 1.73 | 2.41 | 0.63 | 1.38 |
| Debt / equity | 0.13 | 0.08 | 0.13 | 0.30 | 0.18 | 4.30 | 0.28 |
| Equity / assets | 71.9% | 78.0% | 72.2% | 47.8% | 60.1% | 5.7% | 41.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
DBVT financial position
At the end of fiscal 2025 (December 31, 2025), DBV Technologies had total assets of $233.7 million (up 256.0% from a year earlier), total liabilities of $64.9 million and shareholders' equity of $168.8 million. It held $194.2 million in cash and short-term investments against $21.7 million of debt, a net cash position of $172.5 million. Its current ratio was 3.67. In the latest quarter (ended June 30, 2026) total assets were $223.2 million and equity $160.4 million.
Related: DBVT income statement, DBVT cash flow statement, DBVT key metrics. See the DBVT stock overview for the latest quote and news.
DBVT balance sheet FAQ
What are DBV Technologies's total assets?
DBV Technologies reported total assets of $233.7 million at the end of fiscal 2025 (December 31, 2025), compared with $65.7 million a year earlier.
How much debt does DBV Technologies have?
DBV Technologies had $21.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.13.
How much cash does DBV Technologies have?
DBV Technologies held $194.2 million in cash and short-term investments at the end of fiscal 2025; with $21.7 million of debt that is net cash of $172.5 million.
What is DBV Technologies's book value?
DBV Technologies's shareholders' equity (book value) was $168.8 million at the end of fiscal 2025, or $1.95 per share.
What is DBV Technologies's current ratio?
DBV Technologies had current assets of $212.9 million and current liabilities of $58.0 million, a current ratio of 3.67 (it can cover its short-term obligations).
How much goodwill does DBV Technologies have?
DBV Technologies carried $0.0 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.