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DV

DoubleVerify Holdings, Inc.

DV

DoubleVerify Holdings, Inc. • NYSE
$10.54 ▲ 0.96% (+0.10)
Market Cap $1.74 B
52w High $23.11
52w Low $7.64
Dividend Yield 0%
P/E 40.54
Volume 647.55K
Outstanding Shares 164.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $188.621M ▼ $134.052M ▼ $10.202M ▲ 5.409% ▲ $0.06 ▲ $36.196M ▲
Q2-2025 $189.021M ▲ $142.347M ▲ $8.758M ▲ 4.633% ▲ $0.054 ▲ $30.35M ▲
Q1-2025 $165.061M ▼ $127.332M ▲ $2.361M ▼ 1.43% ▼ $0.01 ▼ $22.329M ▼
Q4-2024 $190.621M ▲ $117.553M ▲ $23.4M ▲ 12.276% ▲ $0.14 ▲ $49.479M ▲
Q3-2024 $169.556M $114.353M $18.201M 10.735% $0.11 $41.432M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $200.729M ▼ $1.296B ▼ $219.646M ▲ $1.076B ▼
Q2-2025 $216.786M ▲ $1.297B ▲ $206.913M ▼ $1.09B ▲
Q1-2025 $174.294M ▼ $1.249B ▼ $216.562M ▲ $1.032B ▼
Q4-2024 $310.625M ▼ $1.276B ▼ $192.751M ▲ $1.083B ▼
Q3-2024 $362.596M $1.312B $181.773M $1.131B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $10.202M ▲ $51.181M ▲ $-7.07M ▼ $-54.761M ▼ $-11.088M ▼ $39.042M ▼
Q2-2025 $8.758M ▲ $49.613M ▲ $3.157M ▲ $-291K ▲ $55.5M ▲ $40.086M ▲
Q1-2025 $2.361M ▼ $37.663M ▲ $-89.864M ▼ $-85.753M ▼ $-136.428M ▼ $31.377M ▲
Q4-2024 $23.4M ▲ $37.384M ▼ $24.678M ▼ $-79.173M ▼ $-19.15M ▼ $30.027M ▼
Q3-2024 $18.201M $54.625M $25.976M $-25.715M $55.886M $48.391M

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed strongly each year, showing a healthy growth story. Gross profitability remains very high, which is a sign of a strong software business model. However, operating and net profits have not kept pace with revenue recently, suggesting higher spending on things like product development, sales, and acquisitions. Earnings per share dipped a bit in the latest year, which points to a pause in profit expansion while the company invests for growth.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative. Assets and shareholder equity have steadily increased, reflecting reinvestment and retained earnings. Cash levels are healthy, giving the company flexibility to invest and weather downturns. Debt is relatively low, so financial risk from leverage appears limited. Overall, the company seems to be operating from a position of financial strength rather than stretch.

Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has improved over time, and free cash flow has stayed positive and grown alongside the business. The company does not spend heavily on physical assets, so capital spending remains modest. This combination of growth, strong margins, and solid cash conversion provides a good foundation for continued investment in technology, people, and selective acquisitions.

Competitive Edge

Competitive Edge DoubleVerify operates in a niche but critical part of digital advertising: making sure ads are safe, viewable, and effective. It benefits from deep integrations with advertisers, agencies, and major platforms, which raises switching costs for customers. Its independent, trusted role and recognized quality metrics support a strong brand in the industry. Competition is intense—especially from other verification and measurement providers—but DV’s larger presence in fraud detection, broad platform integrations, and established relationships give it a meaningful edge, as long as it keeps innovating.

Innovation and R&D

Innovation and R&D The company is clearly leaning into AI and analytics to widen its moat. Acquisitions like Scibids and Rockerbox are being woven into a unified platform that goes beyond basic verification to active optimization and attribution—helping brands link ad spend to real outcomes. New offerings in connected TV, social platforms, and attention measurement, as well as tools aimed at AI-generated fraud, show a forward-looking R&D agenda. The recent pressure on margins likely reflects this stepped-up investment, which could pay off if customers adopt the broader “brandformance” solutions at scale.

Summary

DoubleVerify combines strong revenue growth, high gross margins, and healthy cash generation with a conservative balance sheet, giving it financial resilience and room to invest. Profit growth has flattened recently as the company spends more to expand its platform and integrate acquisitions, which introduces some execution risk but also supports a larger long-term opportunity. Competitively, DV enjoys network effects, high switching costs, and a trusted independent position in digital advertising, but faces capable rivals and fast-changing technology. Its aggressive push into AI-driven optimization, measurement across new channels, and full-funnel analytics positions it not just as a verifier of ads, but as a broader media effectiveness partner—if it can successfully deliver and monetize these advanced solutions at scale.

NEWS

November 18, 2025 · 9:00 AM UTC

DoubleVerify Releases 2025 Global Insights Report on Walled Gardens, Unpacking Consumer and Marketer Trends Across the World's Most Influential Platforms

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November 17, 2025 · 10:51 AM UTC

DoubleVerify to Participate in Upcoming Investor Conferences

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November 10, 2025 · 8:30 AM UTC

Dolly Varden Silver Intersects 26.74 g/t Gold over 14.76 meters, including 122 g/t Gold over 2.85 meters at Homestake Silver Deposit

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November 7, 2025 · 7:30 AM UTC

DoubleVerify Reports Third Quarter 2025 Financial Results

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November 6, 2025 · 9:00 AM UTC

DoubleVerify Launches Industry-First Streaming TV Products to Drive Greater Transparency and Elevate CTV Advertising Quality

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