DBV Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-167.45	-146.95	-113.92	-72.73	-96.27	-97.81
Depreciation & Amortization	3.09	3.19	-0.93	-14	13.16	8.38
Stock-Based Compensation	5.99	5.39	4.62	6.02	5.03	3.12
Other Operating Activities	13.95	15.85	1.39	0.1	0.1	0.84
Change in Accounts Receivable	-	-	-	-	-	2.15
Change in Inventory	-14.76	-16.06	-1.39	-	-	-
Change in Accounts Payable	4.38	15.78	0.27	8.42	3.46	-7.56
Change in Other Net Operating Assets	4.22	1.62	5.48	-7.47	18.86	-17.36
Operating Cash Flow	-150.58	-121.18	-104.47	-79.65	-55.67	-108.24
Capital Expenditures	-0.93	-0.53	-2.34	-0.68	-0.75	-0.91
Sale of Property, Plant & Equipment	-	-	-	-	0.01	0.6
Sale (Purchase) of Intangibles	-0.01	-0.01	-0	-	-	-0.01
Investment in Securities	-0.83	-0.83	1.58	-0.13	0.65	-0.12
Other Investing Activities	0.5	-	-	-	-0	-
Investing Cash Flow	-1.27	-1.37	-0.76	-0.81	-0.1	-0.43
Long-Term Debt Repaid	-	-	-	-	-0.47	-0.69
Net Debt Issued (Repaid)	-	-	-	-	-0.47	-0.69
Issuance of Common Stock	230.03	206.13	0.63	6.92	106.5	0.7
Repurchase of Common Stock	-0.2	-	-0.05	-0.15	-	-
Other Financing Activities	135.25	70.05	-	-	88.09	0.26
Financing Cash Flow	365.08	276.18	0.59	6.77	194.12	0.27
Foreign Exchange Rate Adjustments	3.08	8.08	-4.27	5.87	-6.46	-10.65
Miscellaneous Cash Flow Adjustments	-0.1	-0	0	-	-	0
Net Cash Flow	216.21	161.71	-108.91	-67.83	131.89	-119.05
Free Cash Flow	-151.51	-121.71	-106.81	-80.33	-56.42	-109.15
Free Cash Flow Margin	-2641.44%	-2159.56%	-2573.16%	-510.75%	-1164.74%	-1912.26%
Free Cash Flow Per Share	-0.69	-0.87	-1.10	-0.84	-0.73	-1.99
Levered Free Cash Flow	-87.21	-64.29	-71.61	-51.53	-20.01	-98.09
Unlevered Free Cash Flow	-87.21	-64.29	-71.61	-51.53	-20.01	-98.09
Change in Working Capital	-6.16	1.34	4.36	0.95	22.32	-22.77

Source: S&P Global Market Intelligence. Standard template. Financial Sources.