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Side-by-side financial comparison of DBV Technologies S.A. (DBVT) and Nano Labs Ltd (NA). Click either name above to swap in a different company.

DBV Technologies S.A. is the larger business by last-quarter revenue ($2.8M vs $2.7M, roughly 1.0× Nano Labs Ltd). Nano Labs Ltd runs the higher net margin — 754.5% vs -1195.5%, a 1950.0% gap on every dollar of revenue. Nano Labs Ltd produced more free cash flow last quarter ($-8.4M vs $-32.6M).

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.

Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...

DBVT vs NA — Head-to-Head

Bigger by revenue
DBVT
DBVT
1.0× larger
DBVT
$2.8M
$2.7M
NA
Higher net margin
NA
NA
1950.0% more per $
NA
754.5%
-1195.5%
DBVT
More free cash flow
NA
NA
$24.2M more FCF
NA
$-8.4M
$-32.6M
DBVT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DBVT
DBVT
NA
NA
Revenue
$2.8M
$2.7M
Net Profit
$-33.2M
$20.3M
Gross Margin
Operating Margin
-1235.7%
Net Margin
-1195.5%
754.5%
Revenue YoY
158.8%
Net Profit YoY
-8.9%
EPS (diluted)
$-0.24
$1.03

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
DBVT
DBVT
NA
NA
Q4 25
$2.7M
Q3 25
$2.8M
Q2 25
$1.5M
$1.2M
Q2 24
$1.2M
$3.5M
Q1 24
$1.4M
Q4 23
$8.9M
Q3 23
$2.4M
Q2 23
$2.3M
Net Profit
DBVT
DBVT
NA
NA
Q4 25
$20.3M
Q3 25
$-33.2M
Q2 25
$-41.9M
$-985.5K
Q2 24
$-33.1M
$-8.0M
Q1 24
$-27.3M
Q4 23
$134.3M
Q3 23
$-16.7M
Q2 23
$-24.2M
Gross Margin
DBVT
DBVT
NA
NA
Q4 25
Q3 25
Q2 25
Q2 24
0.1%
Q1 24
Q4 23
Q3 23
Q2 23
Operating Margin
DBVT
DBVT
NA
NA
Q4 25
Q3 25
-1235.7%
Q2 25
-2806.2%
-459.2%
Q2 24
-2914.9%
-237.2%
Q1 24
-2029.7%
Q4 23
-134.3%
Q3 23
-770.2%
Q2 23
-1096.0%
Net Margin
DBVT
DBVT
NA
NA
Q4 25
754.5%
Q3 25
-1195.5%
Q2 25
-2858.4%
-85.2%
Q2 24
-2852.4%
-231.3%
Q1 24
-1943.5%
Q4 23
1512.8%
Q3 23
-705.6%
Q2 23
-1059.6%
EPS (diluted)
DBVT
DBVT
NA
NA
Q4 25
$1.03
Q3 25
$-0.24
Q2 25
$-0.31
$-0.06
Q2 24
$-0.34
$-0.12
Q1 24
$-0.28
Q4 23
$-0.11
Q3 23
$-0.17
Q2 23
$-0.26

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
NA
NA
Cash + ST InvestmentsLiquidity on hand
$69.8M
$4.9M
Total DebtLower is stronger
$24.5M
Stockholders' EquityBook value
$52.9M
$106.5M
Total Assets
$110.5M
$159.3M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
NA
NA
Q4 25
$4.9M
Q3 25
$69.8M
Q2 25
$103.2M
$50.8M
Q2 24
$66.2M
$3.3M
Q1 24
$101.5M
Q4 23
$141.4M
Q3 23
$149.1M
Q2 23
$174.0M
Total Debt
DBVT
DBVT
NA
NA
Q4 25
$24.5M
Q3 25
Q2 25
$24.8M
Q2 24
$22.5M
Q1 24
Q4 23
Q3 23
Q2 23
Stockholders' Equity
DBVT
DBVT
NA
NA
Q4 25
$106.5M
Q3 25
$52.9M
Q2 25
$86.2M
$86.8M
Q2 24
$79.1M
$-5.1M
Q1 24
$111.7M
Q4 23
$140.2M
Q3 23
$144.0M
Q2 23
$164.2M
Total Assets
DBVT
DBVT
NA
NA
Q4 25
$159.3M
Q3 25
$110.5M
Q2 25
$143.4M
$206.4M
Q2 24
$114.2M
$51.2M
Q1 24
$145.9M
Q4 23
$183.0M
Q3 23
$189.8M
Q2 23
$217.5M
Debt / Equity
DBVT
DBVT
NA
NA
Q4 25
0.23×
Q3 25
Q2 25
0.29×
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
DBVT
DBVT
NA
NA
Operating Cash FlowLast quarter
$-32.4M
$-8.3M
Free Cash FlowOCF − Capex
$-32.6M
$-8.4M
FCF MarginFCF / Revenue
-1173.5%
-312.3%
Capex IntensityCapex / Revenue
4.2%
2.9%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-138.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBVT
DBVT
NA
NA
Q4 25
$-8.3M
Q3 25
$-32.4M
Q2 25
$-33.9M
$-7.1M
Q2 24
$-35.1M
$-10.8M
Q1 24
$-34.7M
Q4 23
$-13.7M
Q3 23
$-19.6M
Q2 23
$-25.6M
Free Cash Flow
DBVT
DBVT
NA
NA
Q4 25
$-8.4M
Q3 25
$-32.6M
Q2 25
$-33.9M
$-7.2M
Q2 24
$-35.8M
$-15.4M
Q1 24
$-36.0M
Q4 23
$-14.0M
Q3 23
$-19.6M
Q2 23
$-25.7M
FCF Margin
DBVT
DBVT
NA
NA
Q4 25
-312.3%
Q3 25
-1173.5%
Q2 25
-2316.5%
-620.3%
Q2 24
-3084.0%
-443.4%
Q1 24
-2560.6%
Q4 23
-158.2%
Q3 23
-827.3%
Q2 23
-1124.0%
Capex Intensity
DBVT
DBVT
NA
NA
Q4 25
2.9%
Q3 25
4.2%
Q2 25
2.2%
7.2%
Q2 24
63.0%
133.1%
Q1 24
94.9%
Q4 23
4.0%
Q3 23
2.1%
Q2 23
7.2%
Cash Conversion
DBVT
DBVT
NA
NA
Q4 25
-0.41×
Q3 25
Q2 25
Q2 24
Q1 24
Q4 23
-0.10×
Q3 23
Q2 23

Financial Flow Comparison

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

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