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Financials · DV

DoubleVerify Holdings Inc. (DV) financials

For the twelve months ended Sep 30, 2026, DoubleVerify Holdings Inc. reported $785.84M of revenue and $64.59M of net income.

Revenue, TTM
$785.84M
Revenue growth, YoY
+7.2%
Net income, TTM
$64.59M
Net income growth, YoY
+44.4%
Net margin
8.2%
Free cash flow, TTM
$167.18M
EPS, diluted, TTM
$0.40
EPS growth, YoY
+53.8%
Cash
$250.85M
P/E
32.81
P/S
2.70
Market cap
$2.12B
Annual revenue$748.29M
FY2019FY2025
Annual net income$50.65M
FY2019FY2025
Annual free cash flow$172.65M
FY2019FY2025

DV revenue and earnings growth

DV revenueQ3 2026$205.64M

Quarter YoY
+9.0%
QoQ
+6.1%
FY YoY
+13.9%
5Y CAGR
+25.1%

DV revenue was $205.64M in fiscal Q3 2026 (ended Sep 30, 2026), up 9.0% from a year earlier and up 6.1% from the prior quarter. For the full fiscal 2025 it was $748.29M, up 13.9% from fiscal 2024. Compound annual growth was +25.1% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

DV net incomeQ3 2026$15.93M

Quarter YoY
+56.1%
QoQ
+23.3%
FY YoY
-9.9%
5Y CAGR
+19.9%

DV net income was $15.93M in fiscal Q3 2026 (ended Sep 30, 2026), up 56.1% from a year earlier and up 23.3% from the prior quarter. For the full fiscal 2025 it was $50.65M, down 9.9% from fiscal 2024. Compound annual growth was +19.9% over 5 years. It rose in 3 of the last 6 fiscal years.

DV EPSQ3 2026$0.10

Quarter YoY
+66.7%
QoQ
+25.0%
FY YoY
-6.3%
5Y CAGR
+16.5%

DV diluted EPS was $0.10 in fiscal Q3 2026 (ended Sep 30, 2026), up 66.7% from a year earlier and up 25.0% from the prior quarter. For the full fiscal 2025 it was $0.30, down 6.3% from fiscal 2024. Compound annual growth was +16.5% over 5 years.

DV free cash flowQ3 2026$45.67M

Quarter YoY
+17.0%
QoQ
-30.5%
FY YoY
+30.3%
5Y CAGR
+72.0%

DV free cash flow was $45.67M in fiscal Q3 2026 (ended Sep 30, 2026), up 17.0% from a year earlier and down 30.5% from the prior quarter. For the full fiscal 2025 it was $172.65M, up 30.3% from fiscal 2024. Compound annual growth was +72.0% over 5 years. It rose in 4 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$748.29M$656.85M$572.54M$452.42M$332.74M$243.92M$182.66M
Cost of revenue$133.50M$116.52M$106.63M$77.87M$54.38M$35.75M$24.85M
Gross profit$614.79M$540.33M$465.91M$374.55M$278.36M$208.17M$157.81M
Research and development$178.44M$153.05M$125.38M$95.12M$62.70M$47.00M$31.60M
Selling, general and admin$109.74M$92.15M$87.97M$78.67M$81.38M$53.06M$26.90M
Operating income$79.20M$82.42M$85.73M$59.02M$26.68M$21.36M$39.10M
Interest expense$1.73M$1.12M$1.07M$905.0K$1.17M$4.93M$5.20M
Pre-tax income$82.71M$88.79M$95.88M$59.37M$25.82M$17.31M$35.36M
Income tax$32.06M$32.56M$24.41M$16.10M-$3.49M-$3.14M$12.05M
Net income$50.65M$56.23M$71.47M$43.27M$29.31M$20.45M$23.31M
EPS, basic$0.31$0.33$0.43$0.26$0.20$0.15$0.17
EPS, diluted$0.30$0.32$0.41$0.25$0.18$0.14$0.16
Diluted shares166.7M175.1M173.4M170.8M160.3M145.4M143.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$259.04M$293.74M$310.13M$267.94M$221.72M$33.40M$11.34M
Short-term investments-$17.80M-----
Receivables$221.16M$226.22M$206.94M$167.12M$122.94M$94.68M-
Current assets$519.33M$559.05M$533.00M$445.10M$367.82M$141.94M-
Goodwill$516.00M$427.62M$436.01M$343.01M$350.56M$227.35M-
Total assets$1.35B$1.28B$1.24B$1.04B$892.19M$511.33M-
Current liabilities$121.56M$103.48M$83.86M$68.91M$57.03M$34.02M-
Long-term debt-----$22.00M-
Total debt-----$22.00M-
Total liabilities$222.75M$192.75M$169.09M$160.17M$93.13M$94.64M-
Shareholders' equity$1.13B$1.08B$1.07B$876.86M$799.07M$416.69M$318.02M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$211.18M$159.66M$119.74M$94.86M$82.75M$21.22M$29.43M
Capital expenditures$38.53M$27.15M$17.01M$39.98M$9.40M$9.75M$5.94M
Free cash flow$172.65M$132.51M$102.73M$54.88M$73.35M$11.46M$23.49M
Investing cash flow-$105.38M-$44.84M-$84.25M-$39.98M-$158.61M-$9.75M-$63.20M
Financing cash flow-$143.95M-$129.45M$6.49M-$7.88M$264.39M$10.38M$15.04M
Share repurchases$132.31M$128.00M$4.59M$10.24M$1.80M--
Stock-based compensation$104.23M$90.66M$59.24M$42.31M$21.89M$5.98M-
Depreciation and amortization$56.58M$45.22M$40.88M$34.33M$30.29M$24.59M$21.81M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY13.9%14.7%26.6%36.0%36.4%33.5%-
Net income growth, YoY-9.9%-21.3%65.2%47.6%43.3%-12.2%-
EPS growth, YoY-6.3%-22.0%64.0%38.9%28.6%-12.5%-
Gross margin82.2%82.3%81.4%82.8%83.7%85.3%86.4%
Operating margin10.6%12.5%15.0%13.0%8.0%8.8%21.4%
Net margin6.8%8.6%12.5%9.6%8.8%8.4%12.8%
Free cash flow margin23.1%20.2%17.9%12.1%22.0%4.7%12.9%
Return on equity4.5%5.2%6.7%4.9%3.7%4.9%7.3%
Return on assets3.7%4.4%5.7%4.2%3.3%4.0%-
Current ratio4.275.406.366.466.454.17-
Debt to equity-----0.05-

Source: XBRL data DoubleVerify Holdings Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DV$785.84M+7.2%$64.59M8.2%$2.12B
GOOGL$471.10B+22.2%$235.69B50.0%$3.53T
GOOG$471.10B+22.2%$235.69B50.0%$3.50T
META$241.61B+27.5%$75.25B31.1%$1.64T
APP$7.61B+57.8%$5.01B65.9%$131.04B
NBIS$529.80M+479.0%$82.50M15.6%$36.43B
BIDUCN¥129.08B-3.0%CN¥5.59B4.3%$27.12B

DV FAQ

9 questions
  • What is DV revenue?
    DoubleVerify Holdings Inc. (DV) reported $785.84M of revenue for the twelve months ended Sep 30, 2026. That is up 7.2% from the year before. Revenue for fiscal 2025 was $748.29M.
  • Is DV profitable?
    Yes. DoubleVerify Holdings Inc. earned $64.59M in net income for the twelve months ended Sep 30, 2026, a net margin of 8.2%.
  • How much cash and debt does DV have?
    DoubleVerify Holdings Inc. reported $250.85M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is DV revenue growing?
    DoubleVerify Holdings Inc.'s revenue changed +13.9% in fiscal 2025, to $748.29M. Its compound annual growth rate was +25.1% over 5 years.
  • What is DV gross margin?
    DoubleVerify Holdings Inc.'s gross profit was $645.71M on $785.84M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 82.2%.
  • What is DV free cash flow?
    DoubleVerify Holdings Inc. generated $167.18M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $209.11M less capital expenditures.
  • What is DV earnings per share?
    Diluted earnings per share were $0.40 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DV last report financial results?
    The latest statements here come from DoubleVerify Holdings Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
  • Where does this DV financial data come from?
    Quantisnow builds these statements from the structured XBRL data DoubleVerify Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.