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

Energous Corp is the larger business by last-quarter revenue ($3.0M vs $2.8M, roughly 1.1× DBV Technologies S.A.). Energous Corp runs the higher net margin — -43.6% vs -1195.5%, a 1151.9% gap on every dollar of revenue. On growth, Energous Corp posted the faster year-over-year revenue change (610.3% vs 158.8%). Energous Corp produced more free cash flow last quarter ($-2.4M vs $-32.6M). Over the past eight quarters, Energous Corp's revenue compounded faster (589.2% CAGR vs 12.4%).

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.

Energous Corporation develops, manufactures and licenses patented radio frequency-based over-the-air wireless charging technologies and solutions. Its offerings cater to consumer electronics, wearables, IoT sensors, industrial and healthcare hardware segments, serving global hardware manufacturing clients across major regions worldwide.

DBVT vs WATT — Head-to-Head

Bigger by revenue
WATT
WATT
1.1× larger
WATT
$3.0M
$2.8M
DBVT
Growing faster (revenue YoY)
WATT
WATT
+451.5% gap
WATT
610.3%
158.8%
DBVT
Higher net margin
WATT
WATT
1151.9% more per $
WATT
-43.6%
-1195.5%
DBVT
More free cash flow
WATT
WATT
$30.1M more FCF
WATT
$-2.4M
$-32.6M
DBVT
Faster 2-yr revenue CAGR
WATT
WATT
Annualised
WATT
589.2%
12.4%
DBVT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DBVT
DBVT
WATT
WATT
Revenue
$2.8M
$3.0M
Net Profit
$-33.2M
$-1.3M
Gross Margin
37.5%
Operating Margin
-1235.7%
-47.1%
Net Margin
-1195.5%
-43.6%
Revenue YoY
158.8%
610.3%
Net Profit YoY
-8.9%
67.9%
EPS (diluted)
$-0.24
$-4.95

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
WATT
WATT
Q4 25
$3.0M
Q3 25
$2.8M
$1.3M
Q2 25
$1.5M
$975.0K
Q1 25
$343.0K
Q4 24
$428.0K
Q3 24
$230.0K
Q2 24
$1.2M
$46.0K
Q1 24
$1.4M
$64.0K
Net Profit
DBVT
DBVT
WATT
WATT
Q4 25
$-1.3M
Q3 25
$-33.2M
$-2.1M
Q2 25
$-41.9M
$-2.8M
Q1 25
$-3.4M
Q4 24
$-4.1M
Q3 24
$-3.4M
Q2 24
$-33.1M
$-4.3M
Q1 24
$-27.3M
$-6.6M
Gross Margin
DBVT
DBVT
WATT
WATT
Q4 25
37.5%
Q3 25
36.0%
Q2 25
34.7%
Q1 25
27.1%
Q4 24
48.8%
Q3 24
Q2 24
Q1 24
Operating Margin
DBVT
DBVT
WATT
WATT
Q4 25
-47.1%
Q3 25
-1235.7%
-172.2%
Q2 25
-2806.2%
-285.1%
Q1 25
-1052.8%
Q4 24
-820.8%
Q3 24
-1557.0%
Q2 24
-2914.9%
-10110.9%
Q1 24
-2029.7%
-10414.1%
Net Margin
DBVT
DBVT
WATT
WATT
Q4 25
-43.6%
Q3 25
-1195.5%
-166.1%
Q2 25
-2858.4%
-285.9%
Q1 25
-981.3%
Q4 24
-964.7%
Q3 24
-1483.5%
Q2 24
-2852.4%
-9256.5%
Q1 24
-1943.5%
-10310.9%
EPS (diluted)
DBVT
DBVT
WATT
WATT
Q4 25
$-4.95
Q3 25
$-0.24
$-1.31
Q2 25
$-0.31
$-0.08
Q1 25
$-0.12
Q4 24
$-60.42
Q3 24
$-14.98
Q2 24
$-0.34
$-0.65
Q1 24
$-0.28
$-1.11

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
WATT
WATT
Cash + ST InvestmentsLiquidity on hand
$69.8M
$10.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$52.9M
$12.5M
Total Assets
$110.5M
$16.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
WATT
WATT
Q4 25
$10.4M
Q3 25
$69.8M
$12.9M
Q2 25
$103.2M
$8.7M
Q1 25
$10.1M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$66.2M
$4.9M
Q1 24
$101.5M
$10.7M
Stockholders' Equity
DBVT
DBVT
WATT
WATT
Q4 25
$12.5M
Q3 25
$52.9M
$13.7M
Q2 25
$86.2M
$8.8M
Q1 25
$9.5M
Q4 24
$-1.1M
Q3 24
$434.0K
Q2 24
$79.1M
$3.0M
Q1 24
$111.7M
$7.2M
Total Assets
DBVT
DBVT
WATT
WATT
Q4 25
$16.7M
Q3 25
$110.5M
$17.8M
Q2 25
$143.4M
$12.3M
Q1 25
$13.4M
Q4 24
$3.8M
Q3 24
$4.0M
Q2 24
$114.2M
$7.2M
Q1 24
$145.9M
$13.1M

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
WATT
WATT
Operating Cash FlowLast quarter
$-32.4M
$-2.4M
Free Cash FlowOCF − Capex
$-32.6M
$-2.4M
FCF MarginFCF / Revenue
-1173.5%
-80.5%
Capex IntensityCapex / Revenue
4.2%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-138.3M
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBVT
DBVT
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-32.4M
$-2.5M
Q2 25
$-33.9M
$-2.9M
Q1 25
$-4.7M
Q4 24
$-2.7M
Q3 24
$-4.0M
Q2 24
$-35.1M
$-5.8M
Q1 24
$-34.7M
$-5.1M
Free Cash Flow
DBVT
DBVT
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-32.6M
$-2.5M
Q2 25
$-33.9M
$-2.9M
Q1 25
$-4.7M
Q4 24
Q3 24
$-4.1M
Q2 24
$-35.8M
$-5.8M
Q1 24
$-36.0M
$-5.1M
FCF Margin
DBVT
DBVT
WATT
WATT
Q4 25
-80.5%
Q3 25
-1173.5%
-194.3%
Q2 25
-2316.5%
-296.8%
Q1 25
-1367.1%
Q4 24
Q3 24
-1788.3%
Q2 24
-3084.0%
-12667.4%
Q1 24
-2560.6%
-7928.1%
Capex Intensity
DBVT
DBVT
WATT
WATT
Q4 25
1.3%
Q3 25
4.2%
0.5%
Q2 25
2.2%
1.6%
Q1 25
6.1%
Q4 24
0.0%
Q3 24
28.3%
Q2 24
63.0%
123.9%
Q1 24
94.9%
1.6%

Financial Flow Comparison

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

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