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Side-by-side financial comparison of DBV Technologies S.A. (DBVT) and TIAN RUIXIANG HOLDINGS LTD (TIRX). 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 $2.0M, roughly 1.4× TIAN RUIXIANG HOLDINGS LTD). TIAN RUIXIANG HOLDINGS LTD runs the higher net margin — -12.3% vs -1195.5%, a 1183.2% gap on every dollar of revenue. On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs -35.8%). TIAN RUIXIANG HOLDINGS LTD produced more free cash flow last quarter ($263.1K 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.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

DBVT vs TIRX — Head-to-Head

Bigger by revenue
DBVT
DBVT
1.4× larger
DBVT
$2.8M
$2.0M
TIRX
Growing faster (revenue YoY)
DBVT
DBVT
+194.5% gap
DBVT
158.8%
-35.8%
TIRX
Higher net margin
TIRX
TIRX
1183.2% more per $
TIRX
-12.3%
-1195.5%
DBVT
More free cash flow
TIRX
TIRX
$32.8M more FCF
TIRX
$263.1K
$-32.6M
DBVT

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
DBVT
DBVT
TIRX
TIRX
Revenue
$2.8M
$2.0M
Net Profit
$-33.2M
$-248.3K
Gross Margin
85.6%
Operating Margin
-1235.7%
-6.7%
Net Margin
-1195.5%
-12.3%
Revenue YoY
158.8%
-35.8%
Net Profit YoY
-8.9%
-159.3%
EPS (diluted)
$-0.24
$-0.02

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
TIRX
TIRX
Q3 25
$2.8M
Q2 25
$1.5M
$2.0M
Q2 24
$1.2M
$3.1M
Q1 24
$1.4M
Q4 23
$8.9M
Q3 23
$2.4M
Q2 23
$2.3M
$724.9K
Q1 23
$2.2M
Net Profit
DBVT
DBVT
TIRX
TIRX
Q3 25
$-33.2M
Q2 25
$-41.9M
$-248.3K
Q2 24
$-33.1M
$418.9K
Q1 24
$-27.3M
Q4 23
$134.3M
Q3 23
$-16.7M
Q2 23
$-24.2M
$-1.5M
Q1 23
$-20.6M
Gross Margin
DBVT
DBVT
TIRX
TIRX
Q3 25
Q2 25
85.6%
Q2 24
89.7%
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Operating Margin
DBVT
DBVT
TIRX
TIRX
Q3 25
-1235.7%
Q2 25
-2806.2%
-6.7%
Q2 24
-2914.9%
18.6%
Q1 24
-2029.7%
Q4 23
-134.3%
Q3 23
-770.2%
Q2 23
-1096.0%
-266.0%
Q1 23
-964.7%
Net Margin
DBVT
DBVT
TIRX
TIRX
Q3 25
-1195.5%
Q2 25
-2858.4%
-12.3%
Q2 24
-2852.4%
13.4%
Q1 24
-1943.5%
Q4 23
1512.8%
Q3 23
-705.6%
Q2 23
-1059.6%
-205.0%
Q1 23
-937.1%
EPS (diluted)
DBVT
DBVT
TIRX
TIRX
Q3 25
$-0.24
Q2 25
$-0.31
$-0.02
Q2 24
$-0.34
$0.01
Q1 24
$-0.28
Q4 23
$-0.11
Q3 23
$-0.17
Q2 23
$-0.26
$-2.50
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
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$69.8M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$52.9M
$-16.1M
Total Assets
$110.5M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
TIRX
TIRX
Q3 25
$69.8M
Q2 25
$103.2M
$28.0M
Q2 24
$66.2M
$27.5M
Q1 24
$101.5M
Q4 23
$141.4M
Q3 23
$149.1M
Q2 23
$174.0M
$35.9M
Q1 23
$192.3M
Total Debt
DBVT
DBVT
TIRX
TIRX
Q3 25
Q2 25
$3.5M
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Stockholders' Equity
DBVT
DBVT
TIRX
TIRX
Q3 25
$52.9M
Q2 25
$86.2M
$-16.1M
Q2 24
$79.1M
$32.3M
Q1 24
$111.7M
Q4 23
$140.2M
Q3 23
$144.0M
Q2 23
$164.2M
$34.5M
Q1 23
$179.1M
Total Assets
DBVT
DBVT
TIRX
TIRX
Q3 25
$110.5M
Q2 25
$143.4M
$6.0M
Q2 24
$114.2M
$38.0M
Q1 24
$145.9M
Q4 23
$183.0M
Q3 23
$189.8M
Q2 23
$217.5M
$37.0M
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
TIRX
TIRX
Operating Cash FlowLast quarter
$-32.4M
$263.7K
Free Cash FlowOCF − Capex
$-32.6M
$263.1K
FCF MarginFCF / Revenue
-1173.5%
13.1%
Capex IntensityCapex / Revenue
4.2%
0.0%
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
TIRX
TIRX
Q3 25
$-32.4M
Q2 25
$-33.9M
$263.7K
Q2 24
$-35.1M
$-646.8K
Q1 24
$-34.7M
Q4 23
$-13.7M
Q3 23
$-19.6M
Q2 23
$-25.6M
$761.6K
Q1 23
$-20.8M
Free Cash Flow
DBVT
DBVT
TIRX
TIRX
Q3 25
$-32.6M
Q2 25
$-33.9M
$263.1K
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
TIRX
TIRX
Q3 25
-1173.5%
Q2 25
-2316.5%
13.1%
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
TIRX
TIRX
Q3 25
4.2%
Q2 25
2.2%
0.0%
Q2 24
63.0%
Q1 24
94.9%
Q4 23
4.0%
Q3 23
2.1%
Q2 23
7.2%
0.0%
Q1 23
5.1%
Cash Conversion
DBVT
DBVT
TIRX
TIRX
Q3 25
Q2 25
Q2 24
-1.54×
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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