DBV Technologies (ADR)
Develops an investigational skin patch for peanut allergy using epicutaneous immunotherapy.
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Profile
Develops the investigational Viaskin Peanut Patch, a skin-delivered immunotherapy candidate for peanut allergy. The business is concentrated on clinical development and a prospective U.S. launch, contingent on BLA submission and FDA review.
Develops Viaskin Peanut Patch, an investigational treatment candidate for peanut allergy based on epicutaneous immunotherapy, which delivers biologically active compounds through intact skin. The business is concentrated on this program rather than a marketed product portfolio, with clinical development focused on young children.
Operates from France with North American operations while building clinical, regulatory, and commercial capabilities for a prospective U.S. launch. Its near-term plan depends on completing the Biologics License Application package for FDA review; the therapies remain unapproved, and submission timing reflects FDA feedback on existing CMC and biostatistical datasets.
Company facts
Key statistics
Year to date −29.0% · Average volume (30d) 313.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Dec 18, 2025 | H.C. Wainwright | Target | $35 | $40 | |
| Dec 17, 2025 | Cantor Fitzgerald | Reiterate | Overweight | $42 | $48 |
| Dec 17, 2025 | Guggenheim | Reiterate | Buy | $35 | $51 |
| Dec 15, 2025 | H.C. Wainwright | Target | $16 | $35 | |
| Dec 14, 2025 | Cantor Fitzgerald | Target | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 16, 2026Q2 FY26 | −$0.12 | −$0.14 | −14.4% | $778.2K | $800.8K | +2.9% | −1.08% |
| Apr 30, 2026Q1 FY26 | −$0.14 | −$0.56 | −300.0% | $1.1M | $1.1M | −4.9% | −5.38% |
| Mar 27, 2026Q4 FY25 | −$1.30 | −$1.15 | +11.5% | $1.5M | $574.6K | −60.5% | −2.20% |
| Oct 28, 2025Q3 FY25 | −$1.45 | −$1.20 | +17.2% | $1.1M | $3.2M | +204.5% | −2.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | $0 | −$4.6M | −$4.3M | $0 | $0 | $0 | |
| Operating income | −$26.6M | −$43.1M | −$36.9M | −$45.1M | −$47.9M | −$51.3M | |
| Net income | −$27.1M | −$42.4M | −$33.0M | −$44.8M | −$47.6M | −$50.4M | |
| Diluted EPS | −$0.28 | −$0.44 | −$0.34 | −$0.60 | −$0.55 | −$0.49 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $5.9M · FY22 −$1.3M · FY23 $13.4M · FY24 $3.0M · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $174.9M · Total debt $21.0M · Total assets $223.2M · Shareholders' equity $160.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 23.92M · Float 14.54M · 60.8% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Suvretta Capital Management, LLC | 15.18M | 9.90% | 13G | Apr 11, 2025 |
| Citadel Advisors LLC | 9.16M | 6.40% | 13G | Apr 14, 2025 |
| Bioimpact Capital LLC | 5.21M | 21.79% | 13F | May 15, 2026 |
| Vivo Capital, LLC | 2.67M | 11.15% | 13F | May 20, 2026 |
| Artisan Partners Limited Partnership | 2.22M | 9.28% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Pharis Mohideen | officer: Chief Medical Officer | −464 | $2.70 |
| Jan 29, 2026 | Pharis Mohideen | officer: Chief Medical Officer | −534 | $4.86 |
| Dec 18, 2025 | Bpifrance EPIC | other: Member of 10% owner group | −1,292,103 | $4.19 |
| Dec 17, 2025 | Bpifrance EPIC | other: Member of 10% owner group | −2,076,990 | $4.85 |
| Nov 21, 2025 | Pharis Mohideen | officer: Chief Medical Officer | −1,624 | $2.77 |
Peers
- Novartis (ADR)
Xolair co-promotion in U.S. food-allergy care
- Regeneron
Systemic severe-food-allergy program in Phase 1
- ARS Pharmaceuticals
Needle-free epinephrine for food-triggered anaphylaxis
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DBV Technologies (ADR) | $13.72 | +1.48% | $323.9M | — | — | 81.1 | −53.9% |
| Novartis (ADR) | $153.81 | 0.00% | $292.35B | 23.2 | 16.4 | 5.3 | +0.9% |
| Regeneron | $793.21 | −0.11% | $81.82B | 19.6 | 13.1 | 5.3 | +16.7% |
| ARS Pharmaceuticals | $5.99 | +1.78% | $584.9M | — | — | 5.0 | +114.2% |
| Median | 21.4 | 14.8 | 5.3 | +16.7% |





