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Trailing performance Price return · vs SPY
Return vs SPY
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals TTM · reported
Market cap —
Enterprise value —
Revenue (TTM) —
Gross profit —
EBITDA —
Net income —
EPS (TTM) —
Free cash flow —
Total cash —
Total debt —
Book value / share —
Shares outstanding —
Float —
Short % of float —
Dividend yield —
Beta (5Y) —
Valuation & profitability ratios Account required
Trailing P/E —
Forward P/E —
PEG ratio —
Price / sales —
Price / book —
EV / revenue —
EV / EBITDA —
Gross margin —
Operating margin —
Profit margin —
Return on equity —
Return on assets —
Debt / equity —
Current ratio —
Free account required
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements As reported · 5 years · 6 quarters
Income Balance sheet Cash flow
Annual Quarterly
Blank means not reported, not zero
Line item 2025 2024 2023 2022 YoY
Total revenue
$0 $0 $0 $0
—
Operating revenue
$0 $0 $0 $0
—
Research & development
$116.68M $89.34M $60.22M $75.54M
+30.6%
Selling, general & admin
$28.28M $23.85M $22.78M $17.56M
+18.5%
Total operating expense
$147.05M $116.59M $76.43M $96.63M
+26.1%
Operating income
-$147.05M -$116.59M -$76.43M -$96.63M
-26.1%
Net interest income
$601.00K $2.73M $3.71M $427.00K
-78.0%
Pre-tax income
-$146.46M -$113.86M -$72.72M -$96.20M
-28.6%
Tax provision
$491.00K $55.00K $7.00K $70.00K
+792.7%
Net income
-$146.95M -$113.92M -$72.73M -$96.27M
-29.0%
Net income to common
-$146.95M -$113.92M -$72.73M -$96.27M
-29.0%
Basic EPS
-5.25 -5.85 -3.80 -6.20
+10.3%
Diluted EPS
-5.25 -5.85 -3.80 -6.20
+10.3%
EBIT
-$147.05M -$116.59M -$76.43M -$96.63M
-26.1%
EBITDA
-$139.32M -$109.05M -$67.27M -$83.47M
-27.8%
Basic shares
27.91M 19.47M 19.02M 15.53M
+43.4%
Diluted shares
27.91M 19.47M 19.02M 15.53M
+43.4%
Line item 2025 2024 2023 2022 2021 YoY
Cash & equivalents
$194.17M $32.46M $141.37M $209.19M —
+498.2%
Cash & short-term investments
$194.17M $32.46M $141.37M $209.19M —
+498.2%
Accounts receivable
— — $0 $0 $0
—
Total current assets
$212.94M $44.39M $158.91M $223.07M —
+379.7%
Property, plant & equipment
$14.95M $16.81M $17.93M $17.61M —
-11.1%
Goodwill & intangibles
$22.00K $40.00K $58.00K $10.00K —
-45.0%
Total assets
$233.72M $65.66M $182.99M $246.52M —
+256.0%
Total current liabilities
$58.02M $31.14M $37.34M $29.52M —
+86.4%
Current debt
$1.47M $846.00K $883.00K $1.13M —
+73.5%
Total debt
$7.99M $7.80M $6.55M $4.15M —
+2.5%
Total liabilities
$64.95M $38.27M $42.80M $52.06M —
+69.7%
Retained earnings
-$393.13M -$286.38M -$238.86M -$259.58M —
-37.3%
Shareholder equity
$168.77M $27.39M $140.19M $194.45M —
+516.2%
Working capital
$154.92M $13.25M $121.58M $193.55M —
+1,069.0%
Net tangible assets
$168.75M $27.35M $140.13M $194.44M —
+517.0%
Shares issued
235.67M 102.85M 96.43M 94.14M —
+129.1%
Line item 2025 2024 2023 2022 YoY
Net income
-$146.95M -$113.92M -$72.73M -$96.27M
-29.0%
Depreciation & amortisation
$3.19M -$925.00K -$14.00M $13.16M
+445.3%
Stock-based compensation
$5.39M $4.62M $6.02M $5.03M
+16.6%
Change in working capital
$1.34M $4.36M $953.00K $22.32M
-69.3%
Operating cash flow
-$121.18M -$104.47M -$79.65M -$55.67M
-16.0%
Capital expenditure
-$538.00K -$2.34M -$677.00K -$754.00K
+77.0%
Investing cash flow
-$1.37M -$757.00K -$808.00K -$100.00K
-80.8%
Share buybacks
— -$47.00K -$154.00K —
—
Financing cash flow
$276.18M $587.00K $6.77M $194.12M
+46,949.7%
Free cash flow
-$121.72M -$106.81M -$80.33M -$56.42M
-14.0%
End cash position
$194.17M $32.46M $141.37M $209.19M
+498.2%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Total revenue
$0 $0 $0 $0 $0 —
—
Operating revenue
$0 $0 $0 $0 $0 —
—
Research & development
$31.20M $33.40M $32.89M $28.61M $33.70M —
-6.6%
Selling, general & admin
$16.60M $13.40M $11.35M $5.81M $6.90M —
+23.9%
Total operating expense
$50.60M $47.90M $45.05M $34.28M $41.20M —
+5.6%
Operating income
-$50.60M -$47.90M -$45.05M -$34.28M -$41.20M —
-5.6%
Net interest income
$400.00K $500.00K $597.00K $1.11M -$600.00K —
-20.0%
Pre-tax income
-$50.20M -$47.40M -$44.45M -$33.16M -$41.80M —
-5.9%
Tax provision
$200.00K $200.00K $374.00K $0 $100.00K —
0.0%
Net income
-$50.40M -$47.60M -$44.83M -$33.16M -$41.90M —
-5.9%
Net income to common
-$50.40M -$47.60M -$44.83M -$33.16M -$41.90M —
-5.9%
Basic EPS
-0.60 -0.55 — -1.20 -1.55 -1.30
-9.1%
Diluted EPS
-0.60 -0.55 — -1.20 -1.55 -1.30
-9.1%
EBIT
-$50.60M -$47.90M -$45.05M -$34.28M -$41.20M —
-5.6%
EBITDA
-$47.10M -$45.90M -$43.59M -$31.65M -$39.10M —
-2.6%
Basic shares
86.71M 85.66M — 27.36M 26.90M 20.52M
+1.2%
Diluted shares
86.71M 85.66M — 27.36M 26.90M 20.52M
+1.2%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Cash & equivalents
$174.90M $229.20M $194.17M $69.84M $103.21M —
-23.7%
Cash & short-term investments
$174.90M $229.20M $194.17M $69.84M $103.21M —
-23.7%
Total current assets
$201.90M $246.70M $212.94M $88.88M $121.24M —
-18.2%
Property, plant & equipment
$15.40M $14.10M $14.95M $16.13M $16.83M —
+9.2%
Goodwill & intangibles
— $100.00K $22.00K $21.00K $26.00K $29.00K
—
Total assets
$223.20M $266.40M $233.72M $110.50M $143.43M —
-16.2%
Total current liabilities
$54.30M $51.80M $58.02M $49.48M $49.42M —
+4.8%
Current debt
— — $1.47M $898.00K $600.00K $272.00K
—
Total debt
$7.70M $6.10M $7.99M $7.69M $7.69M —
+26.2%
Total liabilities
$62.80M $58.50M $64.95M $57.64M $57.20M —
+7.4%
Retained earnings
-$270.30M -$440.70M -$393.13M -$348.30M -$315.14M —
+38.7%
Shareholder equity
$160.50M $208.00M $168.77M $52.85M $86.22M —
-22.8%
Working capital
$147.60M $194.90M $154.92M $39.40M $71.82M —
-24.3%
Net tangible assets
$160.50M $207.90M $168.75M $52.83M $86.20M —
-22.8%
Shares issued
296.06M 296.04M 235.67M 136.98M 136.97M —
+0.0%
Line item 2026-06-30 2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 YoY
Net income
-$50.40M -$47.60M -$44.83M -$33.12M -$41.90M —
-5.9%
Depreciation & amortisation
$600.00K $900.00K $690.00K $804.00K $700.00K —
-33.3%
Stock-based compensation
$3.70M $2.30M $1.92M $563.00K $1.20M —
+60.9%
Change in working capital
-$9.10M -$7.60M $6.14M -$4.20M -$500.00K —
-19.7%
Operating cash flow
-$52.60M -$49.10M -$35.17M -$32.41M -$33.90M —
-7.1%
Capital expenditure
-$400.00K -$400.00K -$379.00K -$117.00K -$32.00K —
0.0%
Investing cash flow
-$600.00K -$300.00K -$715.00K -$254.00K $0 —
-100.0%
Share buybacks
— -$200.00K — — — $0
—
Financing cash flow
$100.00K $88.90M $159.06M $122.00K $117.00M —
-99.9%
Free cash flow
-$53.00M -$49.50M -$35.55M -$32.57M -$33.90M —
-7.1%
End cash position
$174.90M $229.20M $194.17M $69.84M $103.20M —
-23.7%
Analyst targets & ownership Account required
Mean target —
High target —
Low target —
Implied upside —
Analyst count —
Consensus —
Strong buy / Buy — / —
Hold —
Sell / Strong sell — / —
Held by insiders —
Held by institutions —
Institutions holding —
Free account required
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals Computed from 2Y daily closes
SMA 10
14.33
+1.56% from price
SMA 20
14.02
+3.76% from price
SMA 50
15.08
-3.49% from price
SMA 100
17.32
-16.00% from price
SMA 200
18.13
-19.76% from price
EMA 12
14.30
+1.73% from price
EMA 26
14.45
+0.68% from price
EMA 50
15.20
-4.29% from price
MACD (12,26,9)
-0.15
Hist 0.17
ATR (14)
0.74
5.06% of price
Realised vol 30D
41.2%
Annualised
Bollinger upper
14.80
20, 2σ
Bollinger lower
13.25
20, 2σ
50 / 200 cross
Death
15.08 vs 18.13
Trend bias
Below 200
-19.76%
Options chain Account required
Expiry Loading… Spot 14.55
Calls Strike Last Bid Ask Vol OI IV
000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0%
Puts Strike Last Bid Ask Vol OI IV
000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0% 000.00 0.00 0.00 0.00 0 0 0.0%
Free account required
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile Daily returns · 1Y window
Beta vs SPY
1.03
More volatile than market
Correlation to SPY
0.18
Largely independent
Realised vol 30D
41.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-45.1%
Peak to trough
Max drawdown 5Y
-96.0%
Peak to trough
Beta (reported)
—
5Y monthly, from filing
Headlines DBVT · links out to the publisher
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