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

Peraso Inc. is the larger business by last-quarter revenue ($2.9M vs $2.8M, roughly 1.0× DBV Technologies S.A.). Peraso Inc. runs the higher net margin — -43.3% vs -1195.5%, a 1152.2% gap on every dollar of revenue. On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs -22.0%). Over the past eight quarters, DBV Technologies S.A.'s revenue compounded faster (12.4% CAGR vs 1.0%).

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.

Peraso Inc. is a semiconductor technology firm specializing in the design and production of high-performance millimeter wave (mmWave) integrated circuits and modules. It delivers 5G and next-generation wireless connectivity solutions for telecom infrastructure, industrial IoT, fixed wireless access and consumer electronics segments, serving customers across North America, Asia Pacific and European markets.

DBVT vs PRSO — Head-to-Head

Bigger by revenue
PRSO
PRSO
1.0× larger
PRSO
$2.9M
$2.8M
DBVT
Growing faster (revenue YoY)
DBVT
DBVT
+180.7% gap
DBVT
158.8%
-22.0%
PRSO
Higher net margin
PRSO
PRSO
1152.2% more per $
PRSO
-43.3%
-1195.5%
DBVT
Faster 2-yr revenue CAGR
DBVT
DBVT
Annualised
DBVT
12.4%
1.0%
PRSO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DBVT
DBVT
PRSO
PRSO
Revenue
$2.8M
$2.9M
Net Profit
$-33.2M
$-1.2M
Gross Margin
52.2%
Operating Margin
-1235.7%
-44.6%
Net Margin
-1195.5%
-43.3%
Revenue YoY
158.8%
-22.0%
Net Profit YoY
-8.9%
20.3%
EPS (diluted)
$-0.24
$-0.09

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
PRSO
PRSO
Q4 25
$2.9M
Q3 25
$2.8M
$3.2M
Q2 25
$1.5M
$2.2M
Q1 25
$3.9M
Q4 24
$3.7M
Q3 24
$3.8M
Q2 24
$1.2M
$4.2M
Q1 24
$1.4M
$2.8M
Net Profit
DBVT
DBVT
PRSO
PRSO
Q4 25
$-1.2M
Q3 25
$-33.2M
$-1.2M
Q2 25
$-41.9M
$-1.8M
Q1 25
$-471.0K
Q4 24
$-1.6M
Q3 24
$-2.7M
Q2 24
$-33.1M
$-4.4M
Q1 24
$-27.3M
$-2.0M
Gross Margin
DBVT
DBVT
PRSO
PRSO
Q4 25
52.2%
Q3 25
56.2%
Q2 25
48.3%
Q1 25
69.3%
Q4 24
56.3%
Q3 24
47.0%
Q2 24
55.5%
Q1 24
46.4%
Operating Margin
DBVT
DBVT
PRSO
PRSO
Q4 25
-44.6%
Q3 25
-1235.7%
-36.8%
Q2 25
-2806.2%
-80.0%
Q1 25
-13.3%
Q4 24
-44.3%
Q3 24
-70.3%
Q2 24
-2914.9%
-105.6%
Q1 24
-2029.7%
-128.9%
Net Margin
DBVT
DBVT
PRSO
PRSO
Q4 25
-43.3%
Q3 25
-1195.5%
-37.4%
Q2 25
-2858.4%
-82.4%
Q1 25
-12.2%
Q4 24
-42.4%
Q3 24
-70.6%
Q2 24
-2852.4%
-104.4%
Q1 24
-1943.5%
-72.1%
EPS (diluted)
DBVT
DBVT
PRSO
PRSO
Q4 25
$-0.09
Q3 25
$-0.24
$-0.17
Q2 25
$-0.31
$-0.31
Q1 25
$-0.10
Q4 24
$0.36
Q3 24
$-0.98
Q2 24
$-0.34
$-1.88
Q1 24
$-0.28
$-1.07

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
PRSO
PRSO
Cash + ST InvestmentsLiquidity on hand
$69.8M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$52.9M
$4.6M
Total Assets
$110.5M
$6.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
PRSO
PRSO
Q4 25
$2.9M
Q3 25
$69.8M
Q2 25
$103.2M
Q1 25
Q4 24
$3.3M
Q3 24
$1.3M
Q2 24
$66.2M
$1.9M
Q1 24
$101.5M
$2.4M
Stockholders' Equity
DBVT
DBVT
PRSO
PRSO
Q4 25
$4.6M
Q3 25
$52.9M
$3.6M
Q2 25
$86.2M
$3.0M
Q1 25
$3.6M
Q4 24
$3.5M
Q3 24
$2.0M
Q2 24
$79.1M
$3.6M
Q1 24
$111.7M
$6.7M
Total Assets
DBVT
DBVT
PRSO
PRSO
Q4 25
$6.1M
Q3 25
$110.5M
$6.2M
Q2 25
$143.4M
$5.5M
Q1 25
$6.7M
Q4 24
$7.2M
Q3 24
$7.2M
Q2 24
$114.2M
$9.8M
Q1 24
$145.9M
$11.5M

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
PRSO
PRSO
Operating Cash FlowLast quarter
$-32.4M
$-1.1M
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
PRSO
PRSO
Q4 25
$-1.1M
Q3 25
$-32.4M
$-1.5M
Q2 25
$-33.9M
$-2.0M
Q1 25
$-966.0K
Q4 24
$-687.0K
Q3 24
$-683.0K
Q2 24
$-35.1M
$-659.0K
Q1 24
$-34.7M
$-2.5M
Free Cash Flow
DBVT
DBVT
PRSO
PRSO
Q4 25
Q3 25
$-32.6M
$-1.6M
Q2 25
$-33.9M
Q1 25
Q4 24
Q3 24
Q2 24
$-35.8M
Q1 24
$-36.0M
FCF Margin
DBVT
DBVT
PRSO
PRSO
Q4 25
Q3 25
-1173.5%
-48.9%
Q2 25
-2316.5%
Q1 25
Q4 24
Q3 24
Q2 24
-3084.0%
Q1 24
-2560.6%
Capex Intensity
DBVT
DBVT
PRSO
PRSO
Q4 25
Q3 25
4.2%
1.1%
Q2 25
2.2%
Q1 25
Q4 24
Q3 24
Q2 24
63.0%
Q1 24
94.9%

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBVT
DBVT

Segment breakdown not available.

PRSO
PRSO

Products$2.8M96%
Other$105.0K4%

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