DoubleVerify Holdings, Inc. (DV)
DoubleVerify Holdings, Inc. offers a comprehensive software platform designed for measuring, analyzing, and providing data insights for digital media, serving clients both domestically and across global markets. Through its various offerings, the company equips advertisers with impartial data analytics, empowering them to significantly enhance the impact, integrity, and financial returns of their online advertising campaigns. Among its core solutions is DV Authentic Ad, a crucial tool for assessing digital media quality by scrutinizing factors such as advertising fraud, brand suitability, ad viewability, and geographic placement for every individual digital advertisement. Another is the DV Authentic Attention solution, which furnishes predictive analytics on audience exposure and engagement, thereby optimizing campaign efficacy. Additionally, the Custom Contextual solution enables advertisers to strategically align their advertisements with pertinent content, thereby maximizing user interaction and boosting overall campaign results. The company also features the DV Publisher Suite, a specialized offering for digital publishers. This suite helps them optimize revenue and enhance inventory utilization by improving video content delivery, pinpointing missed or unsold opportunities, and consolidating data from all available inventory sources. Furthermore, DV Pinnacle provides a user-friendly service and analytics platform interface, allowing clients to configure and implement controls for their media strategies and diligently monitor campaign performance across diverse channels, formats, and devices. These sophisticated software solutions are seamlessly integrated throughout the broader digital advertising ecosystem, encompassing programmatic trading platforms, connected television (CTV), social media outlets, and various digital publishers. DoubleVerify caters to a wide array of clients, including prominent brands, publishers, and other supply-side entities, spanning numerous sectors such as consumer packaged goods, finance, telecommunications, technology, automotive, and healthcare. Established in 2008, the company maintains its headquarters in New York, New York.
Sector: Services-Computer Programming, Data Processing, Etc.
Industry: Software - Application
DoubleVerify Holdings, Inc.
No splits on record
Nothing in DV's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $748.29M | $656.85M | $572.54M | $452.42M | $332.74M | $243.92M | $182.66M | $104.3M |
| YoY Growth | 13.9% | 14.7% | 26.6% | 36.0% | 36.4% | 33.5% | 75.1% | - |
| Cost of Revenue | $133.5M | $116.52M | $106.63M | $77.87M | $54.38M | $35.75M | $24.85M | $18.52M |
| Gross Profit | $614.79M | $540.33M | $465.91M | $374.55M | $278.36M | $208.17M | $157.81M | $85.78M |
| Gross Margin | 82.2% | 82.3% | 81.4% | 82.8% | 83.7% | 85.3% | 86.4% | 82.2% |
| Research and Development | $178.44M | $153.05M | $125.38M | $95.12M | $62.7M | $47M | $31.6M | $24.22M |
| Selling, General, and Administrative | $300.57M | $259.65M | $213.92M | $186.08M | $158.69M | $115.21M | $65.3M | $37.87M |
| Other | $56.58M | $45.22M | $40.88M | $34.33M | $30.29M | $24.59M | $21.81M | -$25K |
| Total Operating Expenses | $535.59M | $457.91M | $380.19M | $315.53M | $251.68M | $186.81M | $118.71M | $80.72M |
| Operating Income (EBIT) | $79.2M | $82.42M | $85.73M | $59.02M | $26.68M | $21.36M | $39.1M | $5.06M |
| Operating Margin | 10.6% | 12.5% | 15.0% | 13.0% | 8.0% | 8.8% | 21.4% | 4.9% |
| Interest Expense | $1.73M | $1.12M | $1.07M | $905K | $1.17M | $4.93M | $5.2M | $3.06M |
| Interest Income | $0 | $12.74M | $0 | $2.31M | $11K | $0 | $0 | $0 |
| Other Income (Expense) | $3.51M | $6.37M | $10.15M | $344K | -$863K | -$4.05M | -$3.74M | -$3.08M |
| Income Before Tax (EBT) | $82.71M | $88.79M | $95.88M | $59.37M | $25.82M | $17.31M | $35.36M | $1.98M |
| Income Tax Expense | $32.06M | $32.56M | $24.41M | $16.1M | -$3.49M | -$3.14M | $12.05M | -$1.2M |
| Net Income | $50.65M | $56.23M | $71.47M | $43.27M | $29.31M | $20.45M | $23.31M | $3.18M |
| Net Income Margin | 6.8% | 8.6% | 12.5% | 9.6% | 8.8% | 8.4% | 12.8% | 3.0% |
| Supplementary Data | ||||||||
| EPS | 0.31 | 0.33 | 0.43 | 0.26 | 0.18 | 0.13 | 0.15 | 0.02 |
| Diluted EPS | 0.30 | 0.32 | 0.41 | 0.25 | 0.18 | 0.13 | 0.15 | 0.02 |
| Weighted Average OS | 162.78M | 170.51M | 167.80M | 163.88M | 162.30M | 156.68M | 156.68M | 155.33M |
| EBITDA | $141.02M | $135.12M | $137.83M | $94.6M | $57.28M | $46.84M | $62.38M | $23.66M |
| EBITDA Margin | 18.8% | 20.6% | 24.1% | 20.9% | 17.2% | 19.2% | 34.1% | 22.7% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $259.04M | $292.82M | $310.13M | $267.81M | $221.59M | $33.35M | $10.92M | $30.04M |
| Short-Term Investments | $0 | $17.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $259.04M | $310.63M | $310.13M | $267.81M | $221.59M | $33.35M | $10.92M | $30.04M |
| Accounts Receivable | $221.16M | $226.22M | $206.94M | $167.12M | $122.94M | $94.68M | $68.68M | $38.06M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $39.13M | $22.2M | $126K | $10.16M | $14.53M | $0 | $0 | $591K |
| Total Current Assets | $519.33M | $559.05M | $533M | $445.1M | $367.82M | $141.94M | $85.23M | $71.39M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $170.19M | $137.92M | $118.49M | $111.73M | $17.57M | $9.72M | $10.29M | $10.54M |
| Goodwill | $516M | $427.62M | $436.01M | $343.01M | $350.56M | $227.35M | $227.35M | $174.2M |
| Intangible Assets | $101.62M | $110.36M | $140.88M | $135.43M | $153.4M | $130.09M | $142.76M | $145.14M |
| Long-Term Investments | $996K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $30.92M | $35.49M | $13.08M | $35K | $60K | $82K | $95K | $111K |
| Other Long-Term Assets | $15.03M | $5.78M | $1.57M | $1.73M | $2.78M | $2.15M | $533K | $101K |
| Total Long-Term Assets | $834.75M | $717.16M | $710.03M | $591.93M | $524.37M | $369.4M | $381.04M | $330.09M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.35B | $1.28B | $1.24B | $1.04B | $892.19M | $511.33M | $466.27M | $401.48M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $14.66M | $11.6M | $12.93M | $6.67M | $3.85M | $3.5M | $1.14M | $1.18M |
| Short-Term Debt | $0 | $13.56M | $0 | $0 | $0 | $0 | $471K | $280K |
| Current Income Tax Payable | $3.83M | $15.59M | $5.83M | $13.33M | $2.35M | $3.14M | $8.59M | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $55.16M | $23.84M | $32.65M | $28.17M | $23.53M | $15.02M | $14.73M | $5.16M |
| Total Current Liabilities | $121.56M | $103.48M | $83.86M | $68.91M | $57.03M | $34.02M | $32.01M | $15.26M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $22M | $72.73M | $53.37M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.37M |
| Long-Term Deferred Tax Liabilities | $11.47M | $8.51M | $8.12M | $12.89M | $30.31M | $31.42M | $36.57M | $32.2M |
| Other Long-Term Liabilities | $6.21M | $2.65M | $2.69M | $3.5M | $3.21M | $3.75M | $3.43M | $4.36M |
| Total Long-Term Liabilities | $101.19M | $89.27M | $85.24M | $91.26M | $36.09M | $60.62M | $116.24M | $93.3M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $222.75M | $192.75M | $169.09M | $160.17M | $93.13M | $94.64M | $148.25M | $108.56M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $610K | $0 | $0 |
| Common Stock | $177K | $174K | $171K | $165K | $162K | $140K | $140K | $419K |
| Retained Earnings | $305.86M | $255.21M | $198.98M | $127.52M | $84.25M | $54.94M | $34.49M | $11.18M |
| Comprehensive Income & Other | $13.34M | -$14.69M | -$2.8M | -$6.33M | -$771K | $1.01M | -$67K | $3K |
| Other Stockholders' Equity | $825.29M | $828.07M | $874.78M | $749.18M | $714.65M | $361.61M | $283.39M | $281.32M |
| Total Equity | $1.13B | $1.08B | $1.07B | $876.86M | $799.07M | $416.69M | $318.02M | $292.92M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.35B | $1.28B | $1.24B | $1.04B | $892.19M | $511.33M | $466.27M | $401.48M |
| Supplementary Data | ||||||||
| Total Debt | $99.55M | $91.67M | $86.39M | $83.75M | $4.55M | $26.96M | $78.08M | $58.65M |
| Net Debt | -$159.49M | -$201.15M | -$223.74M | -$184.06M | -$217.04M | -$6.39M | $67.16M | $28.61M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $50.65M | $56.23M | $71.47M | $43.27M | $29.31M | $20.45M | $23.31M | $3.18M |
| Depreciation & Amortization | $56.58M | $45.22M | $40.88M | $34.33M | $30.29M | $24.59M | $21.81M | $18.63M |
| Deferred Income Tax | $3.83M | -$21.65M | -$25.05M | -$19.58M | -$7.87M | -$5.14M | $2M | -$2.04M |
| Stock-Based Compensation | $104.23M | $90.66M | $59.24M | $42.31M | $21.89M | $0 | $1.68M | $1.44M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $6.45M | -$26.7M | -$43.69M | -$49.77M | -$22M | -$30.44M | -$32.74M | -$12.97M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.31M | -$1.07M | $5.48M | $2.88M | -$49K | $2.48M | -$538K | -$339K |
| Other Working Capital | -$25.8M | $985K | -$5.06M | $25.7M | $8.64M | -$5.47M | $11.11M | $2.17M |
| Total Working Capital Change | -$17.04M | -$26.78M | -$43.28M | -$21.18M | -$13.41M | -$33.43M | -$22.17M | -$11.15M |
| Other Non-Cash Items | $12.94M | $16M | $16.47M | $15.72M | $22.55M | $14.16M | $2.81M | $2M |
| Net Cash from Operating | $211.18M | $159.66M | $119.74M | $94.86M | $82.75M | $20.64M | $29.43M | $12.06M |
| Investing Activities | ||||||||
| Capital Expenditures | -$38.53M | -$27.15M | -$17.01M | -$39.98M | -$9.4M | -$9.75M | -$5.94M | -$1.64M |
| Acquisitions | -$82.58M | $0 | -$67.24M | $0 | -$149.22M | $0 | -$57.25M | -$11.33M |
| Purchases of Investments | $0 | -$99.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $17.75M | $81.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$2.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$105.38M | -$44.84M | -$84.25M | -$39.98M | -$158.61M | -$9.75M | -$63.2M | -$12.97M |
| Financing Activities | ||||||||
| Debt Repaid | $4.55M | $2.48M | $2.31M | $1.92M | $23.92M | $53.91M | -$17.73M | -$22.94M |
| Common Stock Issuance | $3.34M | $0 | $0 | $0 | $299.39M | $343.74M | $177K | $100K |
| Common Stock Repurchases | -$142.06M | -$133.82M | -$4.59M | -$10.24M | -$1.8M | -$260.69M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$668K | $6.85M | $13.39M | $4.28M | -$9.28M | -$18.19M | -$2.86M | -$138K |
| Net Cash from Financing | -$143.95M | -$129.45M | $6.49M | -$7.88M | $264.39M | $10.96M | $15.04M | $22.9M |
| Forex Effect | $4.44M | -$1.89M | $338K | -$784K | -$200K | $203K | $23K | -$76K |
| Net Change in Cash | -$33.71M | -$16.52M | $42.32M | $46.21M | $188.33M | $22.05M | -$18.69M | $21.91M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $211.18M | $159.66M | $119.74M | $94.86M | $82.75M | $20.64M | $29.43M | $12.06M |
| Capital Expenditure | -$38.53M | -$27.15M | -$17.01M | -$39.98M | -$9.4M | -$9.75M | -$5.94M | -$1.64M |
| Free Cash Flow | $172.65M | $132.51M | $102.73M | $54.88M | $73.35M | $10.89M | $23.49M | $10.42M |
| Cash at Beginning | $293.74M | $310.26M | $267.94M | $221.72M | $33.4M | $11.34M | $30.04M | $8.12M |
| Cash at End | $260.03M | $293.74M | $310.26M | $267.94M | $221.72M | $33.4M | $11.34M | $30.04M |