← DBV Technologies S.A.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | — | — | — | $196.4m | $77.3m | $209.2m | $141.4m | $32.5m | $194.2m | |
| Customer accounts receivable and related receivables | $1.2m | $1.3m | — | — | — | — | — | — | — | — | |
| Other current assets | $14.5m | $17.7m | $21.1m | $8.0m | — | — | — | — | — | — | |
| Cash and cash equivalents | $256.5m | $137.9m | $122.8m | $172.0m | $3.0m | $6.1m | $11.3m | $800k | $2.0m | $2.6m | |
| Accounts receivable, net (net of allowance of $nil and $56 as of December 31, 2024 and 2025, respectively) | — | $63.2m | $2.5m | $1.7m | $944k | $2.3m | $3.5m | $218k | $116k | $156k | |
| Prepaid expenses and other current assets, net (net of allowance of $392 and $1,214 as of December 31, 2024 and 2025, respectively) | — | — | — | $16.0m | $17.2m | $13.6m | $7.5m | $5.6m | $6.7m | $847k | |
| Subscriptions receivable | — | — | — | ($15.3m) | ($19.4m) | ($15.3m) | ($14.4m) | ($25.5m) | ($16.1m) | ($16.1m) | |
| Inventories, net | — | $16.8m | $6.8m | $4.5m | $2.7m | $6.8m | $4.2m | $3.6m | — | — | |
| Inventory, Net | $0 | $0 | $1.6m | $2.0m | $0 | — | — | — | — | — | |
| Assets, Current | — | — | — | — | $207.4m | $114.4m | $223.1m | $158.9m | $44.4m | $212.9m | |
| Total current assets | $272.2m | $156.9m | $145.5m | $182.1m | $23.9m | $31.2m | $28.0m | $18.1m | $23.4m | $8.5m | |
| Property, Plant and Equipment, Net | $12.5m | $17.8m | $20.2m | $22.3m | $24.8m | $18.1m | $15.1m | $12.6m | $11.3m | $10.4m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | $41k | $22k | $10k | $58k | $40k | $22k | |
| Intangible Assets Other Than Goodwill | $96k | $123k | $29k | $43k | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | $12.2m | — | — | — | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | $703k | $10.1m | $7.3m | $2.5m | $5.2m | $5.5m | $4.6m | |
| Other Assets, Noncurrent | — | — | — | — | $29.9m | $6.8m | $5.8m | $6.1m | $4.4m | $5.8m | |
| Additional Financial Items | |||||||||||
| Current Tax Liabilities Current | $504k | $428k | $448k | $384k | — | — | — | — | — | — | |
| Deferred Tax Assets | — | $0 | $0 | $0 | $1.1m | $471k | $424k | $44k | — | — | |
| Issued Capital | $2.5m | $2.5m | $3.0m | $4.7m | — | — | — | — | — | — | |
| Trade And Other Current Receivables | $1.2m | $1.3m | — | — | — | — | — | — | — | — | |
| Other non-current assets | $2.7m | $3.0m | $6.0m | $16.5m | — | — | — | — | — | — | |
| Share capital | $2.5m | $2.5m | $3.0m | $4.7m | — | — | — | — | — | — | |
| Premiums related to the share capital | $405.9m | $406.7m | $539.3m | $725.5m | — | — | — | — | — | — | |
| Reserves | ($51.0m) | ($131.6m) | ($254.9m) | ($405.0m) | — | — | — | — | — | — | |
| Net (loss) | ($114.5m) | ($147.7m) | ($166.1m) | ($153.6m) | — | — | — | — | — | — | |
| Long-term financial debt | $4.0m | $1.8m | $1.3m | $721k | — | — | — | — | — | — | |
| Non-current provisions | $853k | $1.3m | $1.5m | $1.5m | — | — | — | — | — | — | |
| Other non-current liabilities | $10.7m | $8.9m | $4.1m | $71k | — | $15k | — | — | — | — | |
| Bank overdrafts | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Short-term financial debt | $591k | $2.3m | $1.2m | $577k | — | — | — | — | — | — | |
| Short-term lease debt | — | — | $0 | $3.3m | — | — | — | — | — | — | |
| Current provisions | — | $913k | $1.3m | $644k | — | — | — | — | — | — | |
| Other current liabilities | $14.7m | $15.8m | $12.5m | $22.2m | — | — | — | — | — | — | |
| Restricted cash | — | — | — | $5.0m | $37k | $211k | $32k | $26k | $26k | — | |
| Time deposits | — | — | — | — | — | — | $1.4m | $3.5m | $3.4m | — | |
| Current assets held for sale | — | $10.2m | $2.6m | $6.0m | — | $2.2m | — | $8.0m | $11.1m | — | |
| Non-current assets held for sale | — | — | — | $10.3m | — | $18.1m | — | $2.5m | $1.8m | — | |
| Contract liabilities | — | — | — | $6.5m | $7.5m | $7.3m | $4.0m | $1.3m | $1.3m | — | |
| Lease liabilities – current | — | — | — | — | — | — | $536k | $140k | $179k | $12k | |
| Short-term bank and other borrowings | — | — | — | $5.0m | $2.4m | $361k | — | $424k | $417k | — | |
| Income tax payable | — | $2.1m | $2.0m | $879k | $1.9m | $399k | $7k | $216k | — | $6k | |
| Current liabilities held for sale | — | $28.4m | $18.7m | $21.0m | $3.2m | $3.1m | — | $2.3m | $4.3m | — | |
| Lease liabilities – non-current | — | — | — | — | $374k | $754k | $39k | $182k | — | $30k | |
| Non-current liabilities held for sale | — | $1.5m | $1.8m | $1.8m | — | $1.8m | — | $2.7m | $2.1m | — | |
| Statutory reserve | — | $1.9m | $2.1m | $2.1m | $2.1m | $1.9m | $1.9m | $1.9m | $1.9m | $1.9m | |
| Convertible notes | — | — | — | — | — | $10.0m | $1.7m | $2.7m | — | — | |
| Amount due to related parties | — | — | $1.1m | $3.5m | $3.1m | $2.5m | $746k | $743k | — | — | |
| Lease liabilities - current | — | — | — | $814k | $307k | $1.0m | $536k | — | — | — | |
| Unrecognized tax benefits | — | — | — | — | — | $2.2m | $2.0m | — | — | — | |
| Contract assets | — | $2.6m | $3.2m | — | — | $1.5m | — | — | — | — | |
| Long-term bank borrowings | — | — | $6.7m | $361k | $1.2m | $661k | — | — | — | — | |
| Amounts due from related parties | — | $14.3m | $9.4m | $933k | — | — | — | — | — | — | |
| Long-term bank borrowings - current portion | — | $5.4m | $5.8m | $13.0m | $13.0m | — | — | — | — | — | |
| Other Non-Operating Current Assets | — | $15.8m | $27.0m | $16.0m | — | — | — | — | — | — | |
| Other Non-Operating Non-Current Assets | — | $2.9m | $556k | $10.3m | — | — | — | — | — | — | |
| Other Non-Operating Non-Current Liabilities | — | $2.0m | $1.9m | — | — | — | — | — | — | — | |
| Total non-current assets | $15.3m | $20.9m | $26.3m | $59.4m | $5.5m | $22.0m | $2.2m | $3.3m | $2.1m | $48k | |
| Total shareholders' equity | $242.8m | $129.9m | $121.3m | $171.6m | — | — | — | — | — | — | |
| Total non-current liabilities | $15.6m | $12.0m | $6.9m | $21.8m | $4.8m | $6.1m | $3.4m | $2.8m | $2.1m | $30k | |
| Total Borqs Technologies, Inc. shareholders’ (deficit) equity | — | $47.0m | ($22.2m) | ($44.3m) | ($62.1m) | ($23.2m) | ($10.8m) | ($13.6m) | ($3.4m) | $6.7m | |
| Total shareholders’ (deficit) equity | — | $47.0m | ($22.5m) | ($48.7m) | ($62.2m) | ($17.3m) | ($11.2m) | ($14.4m) | ($3.6m) | $6.9m | |
| Assets | $287.5m | $177.8m | $171.7m | $241.5m | $272.2m | $146.7m | $246.5m | $183.0m | $65.7m | $233.7m | |
| TOTAL ASSETS | $287.5m | $177.8m | $171.7m | $241.5m | $29.4m | $53.3m | $30.1m | $21.4m | $25.4m | $8.6m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $3.7m | $3.0m | $1.9m | $1.1m | $654k | $1.1m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $10.5m | $7.1m | $1.1m | $4.5m | $6.3m | $5.4m | |
| Supplier accounts payable | $13.7m | $16.9m | $28.6m | $21.4m | — | — | — | — | — | — | |
| Accounts payable | — | $45.5m | $18.8m | $16.3m | $13.0m | $9.4m | $7.1m | $6.8m | $5.4m | $22k | |
| Accrued expenses and other payables | — | — | $19.0m | $32.5m | $42.5m | $27.6m | $23.9m | $19.4m | $15.3m | $1.5m | |
| Deferred revenues - current | — | — | $2.3m | $84k | $56k | — | — | — | — | — | |
| Accrued Income Taxes | — | $1.2m | $968k | $879k | — | — | — | — | — | — | |
| Short-Term Debt | — | $12.6m | $11.0m | $5.0m | — | — | — | — | — | — | |
| Liabilities, Current | — | — | — | — | $52.7m | $31.4m | $29.5m | $37.3m | $31.1m | $58.0m | |
| Total current liabilities | $29.0m | $35.9m | $43.5m | $48.1m | $86.8m | $64.4m | $37.9m | $33.0m | $26.9m | $1.6m | |
| Other Liabilities, Noncurrent | — | — | — | — | $475k | $2.1m | $4.7m | $0 | — | — | |
| Deferred tax liabilities | — | $2.1m | $2.5m | $1.8m | $950k | $1.0m | $909k | $1.3m | — | — | |
| Liabilities | — | — | — | — | $66.8m | $47.4m | $52.1m | $42.8m | $38.3m | $64.9m | |
| Total liabilities | — | $116.0m | $102.9m | $105.5m | $91.6m | $70.5m | $41.3m | $35.9m | $29.0m | $1.6m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | — | — | — | — | $6.5m | $6.5m | $10.7m | $11.0m | $10.3m | $23.6m | |
| Additional Paid in Capital | — | $120.6m | $124.1m | $150.5m | $1.2b | $358.1m | $458.2m | $377.5m | $315.6m | $541.3m | |
| Retained Earnings (Accumulated Deficit) | — | — | — | — | ($958.5m) | ($258.5m) | ($259.6m) | ($238.9m) | ($286.4m) | ($393.1m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | $484k | $519k | $781k | $742k | $905k | $497k | |
| Accumulated deficit | — | ($74.2m) | ($146.2m) | ($179.7m) | ($215.2m) | ($271.0m) | ($305.1m) | ($331.5m) | ($314.8m) | ($309.5m) | |
| Accumulated other comprehensive loss | — | ($507k) | ($2.1m) | ($1.9m) | ($1.2m) | ($1.1m) | ($3.5m) | ($3.8m) | ($4.4m) | ($2.1m) | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | $205.5m | $99.3m | $194.5m | $140.2m | $27.4m | $168.8m | |
| Noncontrolling interest | — | ($797k) | ($296k) | ($4.4m) | ($113k) | $6.0m | ($358k) | ($812k) | ($193k) | $216k | |
| Liabilities and Equity | — | — | — | — | $272.2m | $146.7m | $246.5m | $183.0m | $65.7m | $233.7m | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $287.5m | $177.8m | $171.7m | $241.5m | |||||||
| Total liabilities, noncontrolling interest and shareholders’ equity | — | $163.0m | $80.4m | $56.8m | $29.4m | $53.3m | $30.1m | $21.4m | $25.4m | $8.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.