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DBV Technologies S.A.（DBVT）与Palladyne AI Corp.（PDYN）财务数据对比。点击上方公司名可切换其他公司
DBV Technologies S.A.的季度营收约是Palladyne AI Corp.的1.7倍（$2.8M vs $1.7M），Palladyne AI Corp.净利率更高（-89.9% vs -1195.5%，领先1105.6%），DBV Technologies S.A.同比增速更快（158.8% vs 118.3%），Palladyne AI Corp.自由现金流更多（$-8.7M vs $-32.6M），过去两年DBV Technologies S.A.的营收复合增速更高（12.4% vs -30.5%）
DBV Technologies是一家总部位于法国巴涅的公开上市生物制药企业，核心研发成果为Viaskin给药技术，可在不进入血液循环的前提下，让过敏原或抗原作用于完整皮肤。其花生过敏疗法Viaskin Peanut的临床开发，已获得美国食品药品监督管理局授予快速通道资格。
Palladyne AI Corp是一家美国企业，其前身1983年成立时名为萨科斯研究公司，企业长期以来以机器人开发为核心业务。2023年，公司调整业务方向，专注开发适用于机器人场景的人工智能软件，终止了硬件业务，并于2024年3月正式更名为现用名。
DBVT vs PDYN — 直观对比
营收规模更大
DBVT
是对方的1.7倍
$1.7M
营收增速更快
DBVT
高出40.5%
118.3%
净利率更高
PDYN
高出1105.6%
-1195.5%
自由现金流更多
PDYN
多$23.8M
$-32.6M
两年增速更快
DBVT
近两年复合增速
-30.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8M | $1.7M |
| 净利润 | $-33.2M | $-1.5M |
| 毛利率 | — | 15.6% |
| 营业利润率 | -1235.7% | -560.7% |
| 净利率 | -1195.5% | -89.9% |
| 营收同比 | 158.8% | 118.3% |
| 净利润同比 | -8.9% | 97.2% |
| 每股收益（稀释后） | $-0.24 | $-0.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DBVTPDYN
| Q4 25 | — | $1.7M | ||
| Q3 25 | $2.8M | $860.0K | ||
| Q2 25 | $1.5M | $1.0M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | — | $761.0K | ||
| Q3 24 | — | $871.0K | ||
| Q2 24 | $1.2M | $2.7M | ||
| Q1 24 | $1.4M | $3.4M |
净利润DBVTPDYN
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-33.2M | $-3.7M | ||
| Q2 25 | $-41.9M | $-7.5M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | $-33.1M | $-5.3M | ||
| Q1 24 | $-27.3M | $-7.2M |
毛利率DBVTPDYN
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 53.3% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 27.2% | ||
| Q3 24 | — | 45.0% | ||
| Q2 24 | — | 79.0% | ||
| Q1 24 | — | 45.2% |
营业利润率DBVTPDYN
| Q4 25 | — | -560.7% | ||
| Q3 25 | -1235.7% | -937.8% | ||
| Q2 25 | -2806.2% | -797.4% | ||
| Q1 25 | — | -405.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -838.0% | ||
| Q2 24 | -2914.9% | -213.3% | ||
| Q1 24 | -2029.7% | -213.7% |
净利率DBVTPDYN
| Q4 25 | — | -89.9% | ||
| Q3 25 | -1195.5% | -434.9% | ||
| Q2 25 | -2858.4% | -737.6% | ||
| Q1 25 | — | 1330.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -814.7% | ||
| Q2 24 | -2852.4% | -196.2% | ||
| Q1 24 | -1943.5% | -210.1% |
每股收益（稀释后）DBVTPDYN
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.24 | $-0.09 | ||
| Q2 25 | $-0.31 | $-0.20 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.27 | ||
| Q2 24 | $-0.34 | $-0.20 | ||
| Q1 24 | $-0.28 | $-0.28 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $69.8M | $47.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $52.9M | $74.7M |
| 总资产 | $110.5M | $95.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DBVTPDYN
| Q4 25 | — | $47.1M | ||
| Q3 25 | $69.8M | $57.1M | ||
| Q2 25 | $103.2M | $62.7M | ||
| Q1 25 | — | $46.6M | ||
| Q4 24 | — | $40.1M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | $66.2M | $25.8M | ||
| Q1 24 | $101.5M | $31.8M |
股东权益DBVTPDYN
| Q4 25 | — | $74.7M | ||
| Q3 25 | $52.9M | $51.8M | ||
| Q2 25 | $86.2M | $53.8M | ||
| Q1 25 | — | $28.3M | ||
| Q4 24 | — | $-9.5M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | $79.1M | $29.8M | ||
| Q1 24 | $111.7M | $34.2M |
总资产DBVTPDYN
| Q4 25 | — | $95.7M | ||
| Q3 25 | $110.5M | $72.9M | ||
| Q2 25 | $143.4M | $78.3M | ||
| Q1 25 | — | $63.3M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $38.7M | ||
| Q2 24 | $114.2M | $45.1M | ||
| Q1 24 | $145.9M | $50.4M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-32.4M | $-8.5M |
| 自由现金流经营现金流 - 资本支出 | $-32.6M | $-8.7M |
| 自由现金流率自由现金流/营收 | -1173.5% | -526.2% |
| 资本支出强度资本支出/营收 | 4.2% | 14.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-138.3M | — |
8季度趋势，按日历期对齐
经营现金流DBVTPDYN
| Q4 25 | — | $-8.5M | ||
| Q3 25 | $-32.4M | $-6.3M | ||
| Q2 25 | $-33.9M | $-5.3M | ||
| Q1 25 | — | $-7.5M | ||
| Q4 24 | — | $-22.6M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | $-35.1M | $-5.8M | ||
| Q1 24 | $-34.7M | $-7.2M |
自由现金流DBVTPDYN
| Q4 25 | — | $-8.7M | ||
| Q3 25 | $-32.6M | $-6.7M | ||
| Q2 25 | $-33.9M | — | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $-22.9M | ||
| Q3 24 | — | $-4.5M | ||
| Q2 24 | $-35.8M | $-5.9M | ||
| Q1 24 | $-36.0M | $-7.3M |
自由现金流率DBVTPDYN
| Q4 25 | — | -526.2% | ||
| Q3 25 | -1173.5% | -776.0% | ||
| Q2 25 | -2316.5% | — | ||
| Q1 25 | — | -445.0% | ||
| Q4 24 | — | -3008.1% | ||
| Q3 24 | — | -517.8% | ||
| Q2 24 | -3084.0% | -218.9% | ||
| Q1 24 | -2560.6% | -212.1% |
资本支出强度DBVTPDYN
| Q4 25 | — | 14.2% | ||
| Q3 25 | 4.2% | 44.7% | ||
| Q2 25 | 2.2% | 0.0% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | 63.0% | 5.3% | ||
| Q1 24 | 94.9% | 1.8% |
现金转化率DBVTPDYN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
