DoubleVerify Holdings, Inc. DV

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived NYSE

We are one of the industry's leading media effectiveness platforms that leverages artificial intelligence ("AI") to drive superior outcomes for global brands. By creating more effective, transparent ad transactions, we make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. As the global digital advertising market has evolved, we have continued to expand our capabilities since our founding in 2008 through new product innovation and partnerships across emerging programmatic media buying platforms and digital media channels, including social and CTV.

The advertising industry continues to experience an expanding array of digital channels and platforms. Aggregating self-reported data from a large number of publishers, social channels and programmatic platforms across an advertiser's digital ad spend makes it difficult for the advertiser to form an accurate, unbiased view of how and where its ad budget is spent and the effectiveness of that spend. As ad fraud has proliferated across the Internet and other digital channels and advertisers provide even greater focus on finding content that is aligned with their brand strategy, advertisers are utilizing independent, third-party solutions to protect their brand equity and optimize the performance of their digital media investments.

Last close 13.55 2026-10-23
Market cap $2.10B 2026-06-30 share count
52-week range 7.64 - 13.65

Valuation FY2025 figures against the last close

P/S2.8x
P/E45.2x
P/FCF12.2x
EV/EBITDA15.5x
Dividend yield—
Diluted EPS0.30

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $748.3M$656.8M$572.5M$452.4M$332.7M$243.9M$182.7M—
Cost of revenue $133.5M$116.5M$106.6M$77.9M$54.4M$35.8M$24.8M—
Gross profit $614.8M$540.3M$465.9M$374.6M$278.4M$208.2M$157.8M—
R&D $178.4M$153.0M$125.4M$95.1M$62.7M$47.0M$31.6M—
SG&A $109.7M$92.1M$88.0M$78.7M$81.4M$53.1M$26.9M—
Operating income $79.2M$82.4M$85.7M$59.0M$26.7M$21.4M$39.1M—
Interest expense $1.7M$1.1M$1.1M$905.0K$1.2M$4.9M$5.2M—
Pre-tax income $82.7M$88.8M$95.9M$59.4M$25.8M$17.3M$35.4M—
Income tax $32.1M$32.6M$24.4M$16.1M$3.5M$3.1M$12.1M—
Net income $50.6M$56.2M$71.5M$43.3M$29.3M$20.5M$23.3M—
EPS, basic 0.310.330.430.260.200.150.17—
EPS, diluted 0.300.320.410.250.180.140.16—
Shares, diluted (wtd. avg.) 166.7M175.1M173.4M170.8M160.3M145.4M143.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $259.0M$292.8M$310.1M$267.9M$221.7M$33.4M$11.3M$30.0M
Short-term investments —$17.8M——————
Receivables $221.2M$226.2M$206.9M$167.1M$122.9M$94.7M——
Total current assets $519.3M$559.1M$533.0M$445.1M$367.8M$141.9M——
Property, plant and equipment $103.3M$70.2M$58.0M$47.0M$17.6M$18.1M——
Goodwill $516.0M$427.6M$436.0M$343.0M$350.6M$227.3M——
Other intangibles $101.6M$110.4M$140.9M$135.4M$153.4M$121.7M——
Total assets $1.35B$1.28B$1.24B$1.04B$892.2M$511.3M——
Accounts payable $14.7M$11.6M$12.9M$6.7M$3.9M$3.5M——
Total current liabilities $121.6M$103.5M$83.9M$68.9M$57.0M$34.0M——
Long-term debt —————$22.0M——
Total liabilities $222.8M$192.8M$169.1M$160.2M$93.1M$94.6M——
Retained earnings $305.9M$255.2M$199.0M$127.5M$84.2M$54.9M——
Total equity $1.13B$1.08B$1.07B$876.9M$799.1M$416.7M$318.0M$292.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $211.2M$159.7M$119.7M$94.9M$82.7M$21.2M$29.4M—
Depreciation and amortisation $56.6M$45.2M$40.9M$34.3M$30.3M$24.6M$21.8M—
Stock-based compensation $104.2M$90.7M$59.2M$42.3M$21.9M$6.0M——
Capital expenditure $38.5M$27.1M$17.0M$40.0M$9.4M$9.8M$5.9M—
Investing cash flow -$105.4M-$44.8M-$84.2M-$40.0M-$158.6M-$9.8M-$63.2M—
Financing cash flow -$143.9M-$129.4M$6.5M-$7.9M$264.4M$10.4M$15.0M—
Buybacks $132.3M$128.0M$4.6M$10.2M$1.8M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040372.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2019: 182.7M Gross profit, FY2019: 157.8M Net income, FY2019: 23.3M Revenue, FY2020: 243.9M Gross profit, FY2020: 208.2M Net income, FY2020: 20.5M Revenue, FY2021: 332.7M Gross profit, FY2021: 278.4M Net income, FY2021: 29.3M Revenue, FY2022: 452.4M Gross profit, FY2022: 374.6M Net income, FY2022: 43.3M Revenue, FY2023: 572.5M Gross profit, FY2023: 465.9M Net income, FY2023: 71.5M Revenue, FY2024: 656.8M Gross profit, FY2024: 540.3M Net income, FY2024: 56.2M Revenue, FY2025: 748.3M Gross profit, FY2025: 614.8M Net income, FY2025: 50.6M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $182.7M $243.9M $332.7M $452.4M $572.5M $656.8M $748.3M
Gross profit — $157.8M $208.2M $278.4M $374.6M $465.9M $540.3M $614.8M
Net income — $23.3M $20.5M $29.3M $43.3M $71.5M $56.2M $50.6M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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