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Side-by-side financial comparison of DBV Technologies S.A. (DBVT) and Phoenix Asia Holdings Ltd (PHOE). Click either name above to swap in a different company.

Phoenix Asia Holdings Ltd is the larger business by last-quarter revenue ($3.8M vs $2.8M, roughly 1.4× DBV Technologies S.A.). Phoenix Asia Holdings Ltd runs the higher net margin — 16.7% vs -1195.5%, a 1212.2% gap on every dollar of revenue.

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.

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

DBVT vs PHOE — Head-to-Head

Bigger by revenue
PHOE
PHOE
1.4× larger
PHOE
$3.8M
$2.8M
DBVT
Higher net margin
PHOE
PHOE
1212.2% more per $
PHOE
16.7%
-1195.5%
DBVT

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
DBVT
DBVT
PHOE
PHOE
Revenue
$2.8M
$3.8M
Net Profit
$-33.2M
$631.4K
Gross Margin
28.5%
Operating Margin
-1235.7%
19.8%
Net Margin
-1195.5%
16.7%
Revenue YoY
158.8%
Net Profit YoY
-8.9%
EPS (diluted)
$-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
DBVT
DBVT
PHOE
PHOE
Q3 25
$2.8M
$3.8M
Q2 25
$1.5M
Q2 24
$1.2M
Q1 24
$1.4M
Q4 23
$8.9M
Q3 23
$2.4M
Q2 23
$2.3M
Q1 23
$2.2M
Net Profit
DBVT
DBVT
PHOE
PHOE
Q3 25
$-33.2M
$631.4K
Q2 25
$-41.9M
Q2 24
$-33.1M
Q1 24
$-27.3M
Q4 23
$134.3M
Q3 23
$-16.7M
Q2 23
$-24.2M
Q1 23
$-20.6M
Gross Margin
DBVT
DBVT
PHOE
PHOE
Q3 25
28.5%
Q2 25
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Operating Margin
DBVT
DBVT
PHOE
PHOE
Q3 25
-1235.7%
19.8%
Q2 25
-2806.2%
Q2 24
-2914.9%
Q1 24
-2029.7%
Q4 23
-134.3%
Q3 23
-770.2%
Q2 23
-1096.0%
Q1 23
-964.7%
Net Margin
DBVT
DBVT
PHOE
PHOE
Q3 25
-1195.5%
16.7%
Q2 25
-2858.4%
Q2 24
-2852.4%
Q1 24
-1943.5%
Q4 23
1512.8%
Q3 23
-705.6%
Q2 23
-1059.6%
Q1 23
-937.1%
EPS (diluted)
DBVT
DBVT
PHOE
PHOE
Q3 25
$-0.24
Q2 25
$-0.31
Q2 24
$-0.34
Q1 24
$-0.28
Q4 23
$-0.11
Q3 23
$-0.17
Q2 23
$-0.26
Q1 23
$-0.22

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
PHOE
PHOE
Cash + ST InvestmentsLiquidity on hand
$69.8M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$52.9M
$7.5M
Total Assets
$110.5M
$8.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
PHOE
PHOE
Q3 25
$69.8M
$1.5M
Q2 25
$103.2M
Q2 24
$66.2M
Q1 24
$101.5M
Q4 23
$141.4M
Q3 23
$149.1M
Q2 23
$174.0M
Q1 23
$192.3M
Stockholders' Equity
DBVT
DBVT
PHOE
PHOE
Q3 25
$52.9M
$7.5M
Q2 25
$86.2M
Q2 24
$79.1M
Q1 24
$111.7M
Q4 23
$140.2M
Q3 23
$144.0M
Q2 23
$164.2M
Q1 23
$179.1M
Total Assets
DBVT
DBVT
PHOE
PHOE
Q3 25
$110.5M
$8.7M
Q2 25
$143.4M
Q2 24
$114.2M
Q1 24
$145.9M
Q4 23
$183.0M
Q3 23
$189.8M
Q2 23
$217.5M
Q1 23
$232.9M

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
PHOE
PHOE
Operating Cash FlowLast quarter
$-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
DBVT
DBVT
PHOE
PHOE
Q3 25
$-32.4M
Q2 25
$-33.9M
Q2 24
$-35.1M
Q1 24
$-34.7M
Q4 23
$-13.7M
Q3 23
$-19.6M
Q2 23
$-25.6M
Q1 23
$-20.8M
Free Cash Flow
DBVT
DBVT
PHOE
PHOE
Q3 25
$-32.6M
Q2 25
$-33.9M
Q2 24
$-35.8M
Q1 24
$-36.0M
Q4 23
$-14.0M
Q3 23
$-19.6M
Q2 23
$-25.7M
Q1 23
$-21.0M
FCF Margin
DBVT
DBVT
PHOE
PHOE
Q3 25
-1173.5%
Q2 25
-2316.5%
Q2 24
-3084.0%
Q1 24
-2560.6%
Q4 23
-158.2%
Q3 23
-827.3%
Q2 23
-1124.0%
Q1 23
-955.0%
Capex Intensity
DBVT
DBVT
PHOE
PHOE
Q3 25
4.2%
Q2 25
2.2%
Q2 24
63.0%
Q1 24
94.9%
Q4 23
4.0%
Q3 23
2.1%
Q2 23
7.2%
Q1 23
5.1%
Cash Conversion
DBVT
DBVT
PHOE
PHOE
Q3 25
Q2 25
Q2 24
Q1 24
Q4 23
-0.10×
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

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