DoubleVerify Holdings Inc. (DV)

NYSE Communication Services Advertising S&P SmallCap 600

$13.56

+0.02 (+0.15%)

Close of Nov 06, 2026 · end-of-day data

Source: DoubleVerify Holdings Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$182.66M	$243.92M	$332.74M	$452.42M	$572.54M	$656.85M	$748.29M
Cost of revenue	$24.85M	$35.75M	$54.38M	$77.87M	$106.63M	$116.52M	$133.50M
Gross profit	$157.81M	$208.17M	$278.36M	$374.55M	$465.91M	$540.33M	$614.79M
Research & development	$31.60M	$47.00M	$62.70M	$95.12M	$125.38M	$153.05M	$178.44M
Operating income	$39.10M	$21.36M	$26.68M	$59.02M	$85.73M	$82.42M	$79.20M
Interest expense	$5.20M	$4.93M	$1.17M	$905.00K	$1.07M	$1.12M	$1.73M
Pre-tax income	$35.36M	$17.31M	$25.82M	$59.37M	$95.88M	$88.79M	$82.71M
Income tax	$12.05M	-$3.14M	-$3.49M	$16.10M	$24.41M	$32.56M	$32.06M
Net income	$23.31M	$20.45M	$29.31M	$43.27M	$71.47M	$56.23M	$50.65M
EBITDA	$60.92M	$45.95M	$56.97M	$93.35M	$126.61M	$127.64M	$135.78M
EPS (basic)	$0.17	$0.15	$0.20	$0.26	$0.43	$0.33	$0.31
EPS (diluted)	$0.16	$0.14	$0.18	$0.25	$0.41	$0.32	$0.30
Diluted shares	143.05M	145.44M	160.26M	170.75M	173.44M	175.08M	166.68M
Gross margin	86.4%	85.3%	83.7%	82.8%	81.4%	82.3%	82.2%
Operating margin	21.4%	8.8%	8.0%	13.0%	15.0%	12.5%	10.6%
Net margin	12.8%	8.4%	8.8%	9.6%	12.5%	8.6%	6.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$10.92M	$33.35M	$221.59M	$267.81M	$310.13M	$292.82M	$259.04M
Short-term investments	—	—	—	—	—	$17.80M	—
Receivables	—	$94.68M	$122.94M	$167.12M	$206.94M	$226.22M	$221.16M
Total current assets	—	$141.94M	$367.82M	$445.10M	$533.00M	$559.05M	$519.33M
Goodwill	—	$227.35M	$350.56M	$343.01M	$436.01M	$427.62M	$516.00M
Total assets	—	$511.33M	$892.19M	$1.04B	$1.24B	$1.28B	$1.35B
Total current liabilities	—	$34.02M	$57.03M	$68.91M	$83.86M	$103.48M	$121.56M
Long-term debt	—	$22.00M	—	—	—	—	—
Total debt	—	$22.00M	—	—	—	—	—
Total liabilities	—	$94.64M	$93.13M	$160.17M	$169.09M	$192.75M	$222.75M
Shareholders' equity	$318.02M	$416.69M	$799.07M	$876.86M	$1.07B	$1.08B	$1.13B

Cash flow

fiscal years · USD

Fiscal year	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$29.43M	$21.22M	$82.75M	$94.86M	$119.74M	$159.66M	$211.18M
Capital expenditures	$5.94M	$9.75M	$9.40M	$39.98M	$17.01M	$27.15M	$38.53M
Free cash flow	$23.49M	$11.46M	$73.35M	$54.88M	$102.73M	$132.51M	$172.65M
Investing cash flow	-$63.20M	-$9.75M	-$158.61M	-$39.98M	-$84.25M	-$44.84M	-$105.38M
Financing cash flow	$15.04M	$10.38M	$264.39M	-$7.88M	$6.49M	-$129.45M	-$143.95M
Share buybacks	—	—	$1.80M	$10.24M	$4.59M	$128.00M	$132.31M
Stock-based compensation	$1.68M	$5.98M	$21.89M	$42.31M	$59.24M	$90.66M	$104.23M
Depreciation & amortization	$21.81M	$24.59M	$30.29M	$34.33M	$40.88M	$45.22M	$56.58M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$172.23M	$140.78M	$155.89M	$169.56M	$190.62M	$165.06M	$189.02M	$188.62M	$205.59M	$180.82M	$193.79M	$205.64M
Cost of revenue	$30.02M	$26.62M	$26.10M	$29.48M	$34.32M	$30.97M	$33.13M	$33.47M	$35.94M	$33.16M	$32.48M	$38.54M
Gross profit	$142.21M	$114.16M	$129.79M	$140.08M	$156.31M	$134.09M	$155.90M	$155.16M	$169.65M	$147.67M	$161.31M	$167.10M
Research & development	$32.56M	$36.39M	$39.81M	$39.31M	$37.54M	$44.72M	$47.20M	$44.84M	$41.68M	$45.38M	$46.39M	$44.43M
Operating income	$37.64M	$6.89M	$11.05M	$25.72M	$38.75M	$6.76M	$13.55M	$21.10M	$37.78M	$15.64M	$23.02M	$28.34M
Interest expense	$275.00K	$232.00K	$233.00K	$353.00K	$300.00K	$420.00K	$443.00K	$467.00K	$403.00K	$413.00K	$475.00K	$652.00K
Pre-tax income	$41.74M	$8.94M	$12.88M	$29.60M	$37.38M	$9.52M	$15.21M	$20.54M	$37.44M	$14.23M	$21.91M	$27.94M
Income tax	$8.64M	$1.78M	$5.41M	$11.39M	$13.98M	$7.16M	$6.45M	$10.34M	$8.11M	$7.82M	$8.99M	$12.02M
Net income	$33.10M	$7.16M	$7.47M	$18.20M	$23.40M	$2.36M	$8.76M	$10.20M	$29.33M	$6.41M	$12.92M	$15.93M
EBITDA	$49.16M	$17.82M	$22.05M	$37.21M	$50.55M	$19.15M	$28.25M	$36.30M	$52.09M	$30.98M	$39.69M	$46.68M
EPS (basic)	$0.20	$0.04	$0.04	$0.11	$0.14	$0.01	$0.05	$0.06	$0.18	$0.04	$0.08	$0.10
EPS (diluted)	$0.19	$0.04	$0.04	$0.10	$0.13	$0.01	$0.05	$0.06	$0.17	$0.04	$0.08	$0.10
Diluted shares	623.00K	176.12M	175.96M	173.91M	-792.00K	168.94M	166.70M	166.50M	-685.00K	164.11M	157.89M	160.32M
Gross margin	82.6%	81.1%	83.3%	82.6%	82.0%	81.2%	82.5%	82.3%	82.5%	81.7%	83.2%	81.3%
Operating margin	21.9%	4.9%	7.1%	15.2%	20.3%	4.1%	7.2%	11.2%	18.4%	8.6%	11.9%	13.8%
Net margin	19.2%	5.1%	4.8%	10.7%	12.3%	1.4%	4.6%	5.4%	14.3%	3.5%	6.7%	7.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$310.13M	$302.02M	$256.07M	$311.91M	$292.82M	$156.36M	$211.78M	$200.73M	$259.04M	$173.80M	$210.17M	$250.85M
Short-term investments	—	$32.31M	$82.75M	$50.69M	$17.80M	$17.93M	$5.00M	—	—	—	—	—
Receivables	$206.94M	$195.64M	$187.76M	$193.30M	$226.22M	$213.36M	$188.87M	$217.59M	$221.16M	$222.56M	$214.93M	$228.01M
Total current assets	$533.00M	$550.32M	$559.56M	$579.51M	$559.05M	$421.79M	$462.36M	$476.88M	$519.33M	$451.41M	$471.43M	$520.65M
Goodwill	$436.01M	$432.87M	$431.50M	$437.65M	$427.62M	$504.76M	$516.59M	$516.96M	$516.00M	$512.50M	$511.58M	$511.08M
Total assets	$1.24B	$1.26B	$1.27B	$1.31B	$1.28B	$1.25B	$1.30B	$1.30B	$1.35B	$1.27B	$1.31B	$1.35B
Total current liabilities	$83.86M	$75.37M	$79.53M	$88.20M	$103.48M	$113.51M	$104.90M	$119.87M	$121.56M	$94.62M	$104.82M	$111.04M
Total liabilities	$169.09M	$163.10M	$167.48M	$181.77M	$192.75M	$216.56M	$206.91M	$219.65M	$222.75M	$193.14M	$215.65M	$216.54M
Shareholders' equity	$1.07B	$1.10B	$1.11B	$1.13B	$1.08B	$1.03B	$1.09B	$1.08B	$1.13B	$1.08B	$1.09B	$1.13B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$52.05M	$31.77M	$35.88M	$54.62M	$37.38M	$37.66M	$49.61M	$51.18M	$72.73M	$4.17M	$76.24M	$55.97M
Capital expenditures	$4.70M	$6.39M	$7.17M	$6.23M	$7.36M	$6.29M	$9.53M	$12.14M	$10.58M	$10.54M	$10.51M	$10.30M
Free cash flow	$47.35M	$25.38M	$28.72M	$48.39M	$30.03M	$31.38M	$40.09M	$39.04M	$62.15M	-$6.37M	$65.73M	$45.67M
Investing cash flow	-$4.70M	-$38.60M	-$56.89M	$25.98M	$24.68M	-$89.86M	$3.16M	-$7.07M	-$11.60M	-$10.54M	-$10.51M	-$10.30M
Financing cash flow	$2.84M	-$912.00K	-$23.65M	-$25.71M	-$79.17M	-$85.75M	-$291.00K	-$54.76M	-$3.14M	-$78.14M	-$29.29M	-$4.97M
Share buybacks	$888.00K	$1.79M	$23.23M	$25.02M	$77.95M	$82.24M	$0	$50.06M	$0	$75.14M	$25.05M	$0
Stock-based compensation	$16.47M	$20.24M	$24.71M	$22.95M	$22.75M	$24.34M	$27.01M	$27.38M	$25.50M	$24.25M	$25.52M	$25.09M
Depreciation & amortization	$11.52M	$10.93M	$11.00M	$11.48M	$11.80M	$12.39M	$14.70M	$15.19M	$14.30M	$15.34M	$16.66M	$18.33M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.