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Side-by-side financial comparison of CaliberCos Inc. (CWD) and DBV Technologies S.A. (DBVT). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× DBV Technologies S.A.). CaliberCos Inc. runs the higher net margin — -188.3% vs -1195.5%, a 1007.2% gap on every dollar of revenue. On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs -52.5%). Over the past eight quarters, DBV Technologies S.A.'s revenue compounded faster (12.4% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

DBV Technologies SA is a publicly owned French biopharmaceutical firm headquartered in Bagneux, France. DBV Technologies is known for developing "Viaskin" technology for administering allergens or antigens to intact skin while avoiding any transfer to the blood. Viaskin Peanut clinical development has received Fast Track designation from the US Food and Drug Administration.

CWD vs DBVT — Head-to-Head

Bigger by revenue
CWD
CWD
1.5× larger
CWD
$4.1M
$2.8M
DBVT
Growing faster (revenue YoY)
DBVT
DBVT
+211.3% gap
DBVT
158.8%
-52.5%
CWD
Higher net margin
CWD
CWD
1007.2% more per $
CWD
-188.3%
-1195.5%
DBVT
Faster 2-yr revenue CAGR
DBVT
DBVT
Annualised
DBVT
12.4%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CWD
CWD
DBVT
DBVT
Revenue
$4.1M
$2.8M
Net Profit
$-7.7M
$-33.2M
Gross Margin
Operating Margin
-196.6%
-1235.7%
Net Margin
-188.3%
-1195.5%
Revenue YoY
-52.5%
158.8%
Net Profit YoY
32.2%
-8.9%
EPS (diluted)
$1.95
$-0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
DBVT
DBVT
Q4 25
$4.1M
Q3 25
$3.6M
$2.8M
Q2 25
$5.1M
$1.5M
Q1 25
$7.3M
Q4 24
$8.7M
Q3 24
$11.3M
Q2 24
$8.2M
$1.2M
Q1 24
$23.0M
$1.4M
Net Profit
CWD
CWD
DBVT
DBVT
Q4 25
$-7.7M
Q3 25
$-4.4M
$-33.2M
Q2 25
$-5.3M
$-41.9M
Q1 25
$-4.4M
Q4 24
$-11.4M
Q3 24
$146.0K
Q2 24
$-4.7M
$-33.1M
Q1 24
$-3.8M
$-27.3M
Operating Margin
CWD
CWD
DBVT
DBVT
Q4 25
-196.6%
Q3 25
-129.6%
-1235.7%
Q2 25
-112.4%
-2806.2%
Q1 25
-62.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-65.0%
-2914.9%
Q1 24
-22.9%
-2029.7%
Net Margin
CWD
CWD
DBVT
DBVT
Q4 25
-188.3%
Q3 25
-120.2%
-1195.5%
Q2 25
-104.5%
-2858.4%
Q1 25
-60.7%
Q4 24
-247.6%
Q3 24
1.3%
Q2 24
-57.8%
-2852.4%
Q1 24
-16.6%
-1943.5%
EPS (diluted)
CWD
CWD
DBVT
DBVT
Q4 25
$1.95
Q3 25
$-1.65
$-0.24
Q2 25
$-4.15
$-0.31
Q1 25
$-3.85
Q4 24
$-10.15
Q3 24
$0.12
Q2 24
$-4.34
$-0.34
Q1 24
$-3.53
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
DBVT
DBVT
Cash + ST InvestmentsLiquidity on hand
$2.9M
$69.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$52.9M
Total Assets
$135.4M
$110.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
DBVT
DBVT
Q4 25
$2.9M
Q3 25
$10.9M
$69.8M
Q2 25
$683.0K
$103.2M
Q1 25
$1.6M
Q4 24
$2.3M
Q3 24
$1.6M
Q2 24
$1.8M
$66.2M
Q1 24
$2.1M
$101.5M
Stockholders' Equity
CWD
CWD
DBVT
DBVT
Q4 25
$1.3M
Q3 25
$4.2M
$52.9M
Q2 25
$-19.9M
$86.2M
Q1 25
$-15.8M
Q4 24
$-12.6M
Q3 24
$-3.8M
Q2 24
$-4.7M
$79.1M
Q1 24
$-745.0K
$111.7M
Total Assets
CWD
CWD
DBVT
DBVT
Q4 25
$135.4M
Q3 25
$82.6M
$110.5M
Q2 25
$59.3M
$143.4M
Q1 25
$103.6M
Q4 24
$105.5M
Q3 24
$158.6M
Q2 24
$195.2M
$114.2M
Q1 24
$201.5M
$145.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
DBVT
DBVT
Operating Cash FlowLast quarter
$-12.1M
$-32.4M
Free Cash FlowOCF − Capex
$-32.6M
FCF MarginFCF / Revenue
-1173.5%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-138.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
DBVT
DBVT
Q4 25
$-12.1M
Q3 25
$-4.6M
$-32.4M
Q2 25
$-1.2M
$-33.9M
Q1 25
$-1.7M
Q4 24
$555.0K
Q3 24
$-74.0K
Q2 24
$1.4M
$-35.1M
Q1 24
$-1.5M
$-34.7M
Free Cash Flow
CWD
CWD
DBVT
DBVT
Q4 25
Q3 25
$-32.6M
Q2 25
$-33.9M
Q1 25
Q4 24
Q3 24
Q2 24
$-35.8M
Q1 24
$-36.0M
FCF Margin
CWD
CWD
DBVT
DBVT
Q4 25
Q3 25
-1173.5%
Q2 25
-2316.5%
Q1 25
Q4 24
Q3 24
Q2 24
-3084.0%
Q1 24
-2560.6%
Capex Intensity
CWD
CWD
DBVT
DBVT
Q4 25
Q3 25
4.2%
Q2 25
2.2%
Q1 25
Q4 24
Q3 24
Q2 24
63.0%
Q1 24
94.9%
Cash Conversion
CWD
CWD
DBVT
DBVT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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