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Side-by-side financial comparison of DBV Technologies S.A. (DBVT) and SMITH MICRO SOFTWARE, INC. (SMSI). Click either name above to swap in a different company.

SMITH MICRO SOFTWARE, INC. is the larger business by last-quarter revenue ($4.0M vs $2.8M, roughly 1.4× DBV Technologies S.A.). On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs -20.0%). Over the past eight quarters, DBV Technologies S.A.'s revenue compounded faster (12.4% CAGR vs -17.2%).

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.

Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security tech...

DBVT vs SMSI — Head-to-Head

Bigger by revenue
SMSI
SMSI
1.4× larger
SMSI
$4.0M
$2.8M
DBVT
Growing faster (revenue YoY)
DBVT
DBVT
+178.8% gap
DBVT
158.8%
-20.0%
SMSI
Faster 2-yr revenue CAGR
DBVT
DBVT
Annualised
DBVT
12.4%
-17.2%
SMSI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DBVT
DBVT
SMSI
SMSI
Revenue
$2.8M
$4.0M
Net Profit
$-33.2M
Gross Margin
76.4%
Operating Margin
-1235.7%
-109.8%
Net Margin
-1195.5%
Revenue YoY
158.8%
-20.0%
Net Profit YoY
-8.9%
EPS (diluted)
$-0.24
$-0.15

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
SMSI
SMSI
Q4 25
$4.0M
Q3 25
$2.8M
$4.3M
Q2 25
$1.5M
$4.4M
Q1 25
$4.6M
Q4 24
$5.0M
Q3 24
$4.6M
Q2 24
$1.2M
$5.1M
Q1 24
$1.4M
$5.8M
Net Profit
DBVT
DBVT
SMSI
SMSI
Q4 25
Q3 25
$-33.2M
$-4.5M
Q2 25
$-41.9M
$-15.1M
Q1 25
$-5.2M
Q4 24
Q3 24
$-6.4M
Q2 24
$-33.1M
$-6.9M
Q1 24
$-27.3M
$-31.0M
Gross Margin
DBVT
DBVT
SMSI
SMSI
Q4 25
76.4%
Q3 25
73.9%
Q2 25
73.5%
Q1 25
72.8%
Q4 24
75.6%
Q3 24
71.6%
Q2 24
68.7%
Q1 24
65.7%
Operating Margin
DBVT
DBVT
SMSI
SMSI
Q4 25
-109.8%
Q3 25
-1235.7%
-103.2%
Q2 25
-2806.2%
-338.3%
Q1 25
-112.7%
Q4 24
-89.7%
Q3 24
-140.0%
Q2 24
-2914.9%
-135.8%
Q1 24
-2029.7%
-542.4%
Net Margin
DBVT
DBVT
SMSI
SMSI
Q4 25
Q3 25
-1195.5%
-104.3%
Q2 25
-2858.4%
-340.8%
Q1 25
-112.1%
Q4 24
Q3 24
-137.0%
Q2 24
-2852.4%
-134.8%
Q1 24
-1943.5%
-534.8%
EPS (diluted)
DBVT
DBVT
SMSI
SMSI
Q4 25
$-0.15
Q3 25
$-0.24
$-0.25
Q2 25
$-0.31
$-0.78
Q1 25
$-0.28
Q4 24
$0.54
Q3 24
$-0.54
Q2 24
$-0.34
$-0.66
Q1 24
$-0.28
$-3.28

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
SMSI
SMSI
Cash + ST InvestmentsLiquidity on hand
$69.8M
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$52.9M
$18.4M
Total Assets
$110.5M
$25.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
SMSI
SMSI
Q4 25
$1.5M
Q3 25
$69.8M
$1.4M
Q2 25
$103.2M
$1.4M
Q1 25
$2.3M
Q4 24
$2.8M
Q3 24
$1.5M
Q2 24
$66.2M
$5.6M
Q1 24
$101.5M
$6.2M
Stockholders' Equity
DBVT
DBVT
SMSI
SMSI
Q4 25
$18.4M
Q3 25
$52.9M
$19.9M
Q2 25
$86.2M
$22.4M
Q1 25
$36.6M
Q4 24
$40.8M
Q3 24
$37.7M
Q2 24
$79.1M
$42.9M
Q1 24
$111.7M
$45.4M
Total Assets
DBVT
DBVT
SMSI
SMSI
Q4 25
$25.0M
Q3 25
$110.5M
$27.1M
Q2 25
$143.4M
$29.6M
Q1 25
$43.4M
Q4 24
$48.0M
Q3 24
$46.2M
Q2 24
$114.2M
$53.0M
Q1 24
$145.9M
$55.4M

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
SMSI
SMSI
Operating Cash FlowLast quarter
$-32.4M
$-2.2M
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
SMSI
SMSI
Q4 25
$-2.2M
Q3 25
$-32.4M
$-2.1M
Q2 25
$-33.9M
$-2.3M
Q1 25
$-602.0K
Q4 24
$-4.9M
Q3 24
$-3.8M
Q2 24
$-35.1M
$-4.2M
Q1 24
$-34.7M
$-1.3M
Free Cash Flow
DBVT
DBVT
SMSI
SMSI
Q4 25
Q3 25
$-32.6M
$-2.2M
Q2 25
$-33.9M
Q1 25
$-606.0K
Q4 24
$-4.9M
Q3 24
$-3.8M
Q2 24
$-35.8M
$-4.2M
Q1 24
$-36.0M
$-1.3M
FCF Margin
DBVT
DBVT
SMSI
SMSI
Q4 25
Q3 25
-1173.5%
-49.6%
Q2 25
-2316.5%
Q1 25
-13.1%
Q4 24
-99.2%
Q3 24
-82.2%
Q2 24
-3084.0%
-82.0%
Q1 24
-2560.6%
-23.3%
Capex Intensity
DBVT
DBVT
SMSI
SMSI
Q4 25
Q3 25
4.2%
0.5%
Q2 25
2.2%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
63.0%
0.1%
Q1 24
94.9%
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBVT
DBVT

Segment breakdown not available.

SMSI
SMSI

Family Safety$3.2M80%
Other$797.0K20%

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