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Doubleverify Hldgs Inc Financials

DV
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Doubleverify Hldgs Inc (DV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 65 / 100
Financial Profile 65/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
46

Doubleverify Hldgs Inc has an operating margin of 10.6%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is down from 12.6% the prior year.

Growth
57

Doubleverify Hldgs Inc's revenue grew 13.9% year-over-year to $748.3M, a solid pace of expansion. This earns a growth score of 57/100.

Leverage
98

Doubleverify Hldgs Inc carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
85

With a current ratio of 4.27, Doubleverify Hldgs Inc holds $4.27 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.

Cash Flow
83

Doubleverify Hldgs Inc converts 23.1% of revenue into free cash flow ($172.7M). This strong cash generation earns a score of 83/100.

Returns
21

Doubleverify Hldgs Inc generates a 4.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 5.2% the prior year.

Altman Z-Score Safe
5.68

Doubleverify Hldgs Inc scores 5.68, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($222.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Doubleverify Hldgs Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
4.17x

For every $1 of reported earnings, Doubleverify Hldgs Inc generates $4.17 in operating cash flow ($211.2M OCF vs $50.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
45.7x

Doubleverify Hldgs Inc earns $45.7 in operating income for every $1 of interest expense ($79.2M vs $1.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$748.3M
YoY+13.9%
5Y CAGR+25.1%

Doubleverify Hldgs Inc generated $748.3M in revenue in fiscal year 2025. This represents an increase of 13.9% from the prior year.

EBITDA
$135.8M
YoY+6.4%
5Y CAGR+24.2%

Doubleverify Hldgs Inc's EBITDA was $135.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.4% from the prior year.

Net Income
$50.6M
YoY-9.9%
5Y CAGR+19.9%

Doubleverify Hldgs Inc reported $50.6M in net income in fiscal year 2025. This represents a decrease of 9.9% from the prior year.

EPS (Diluted)
$0.30
YoY-6.3%
5Y CAGR+16.5%

Doubleverify Hldgs Inc earned $0.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$172.7M
YoY+30.3%
5Y CAGR+72.0%

Doubleverify Hldgs Inc generated $172.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.3% from the prior year.

Cash & Debt
$259.0M
YoY-11.5%
5Y CAGR+50.7%

Doubleverify Hldgs Inc held $259.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
162M
YoY-3.1%
5Y CAGR+5.3%

Doubleverify Hldgs Inc had 162M shares outstanding in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

Margins & Returns

Gross Margin
82.2%
YoY-0.1pp
5Y CAGR-3.2pp

Doubleverify Hldgs Inc's gross margin was 82.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin
10.6%
YoY-2.0pp
5Y CAGR+1.8pp

Doubleverify Hldgs Inc's operating margin was 10.6% in fiscal year 2025, reflecting core business profitability. This is down 2.0 percentage points from the prior year.

Net Margin
6.8%
YoY-1.8pp
5Y CAGR-1.6pp

Doubleverify Hldgs Inc's net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.

Return on Equity
4.5%
YoY-0.7pp
5Y CAGR-0.4pp

Doubleverify Hldgs Inc's ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending
$178.4M
YoY+16.6%
5Y CAGR+30.6%

Doubleverify Hldgs Inc invested $178.4M in research and development in fiscal year 2025. This represents an increase of 16.6% from the prior year.

Share Buybacks
$132.3M
YoY+3.4%

Doubleverify Hldgs Inc spent $132.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 3.4% from the prior year.

Capital Expenditures
$38.5M
YoY+41.9%
5Y CAGR+31.6%

Doubleverify Hldgs Inc invested $38.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 41.9% from the prior year.

DV Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $205.6M+9.0% $188.6M-0.2% $189.0M+14.5% $165.1M-13.4% $190.6M+12.4% $169.6M+8.8% $155.9M+10.7% $140.8M
Cost of Revenue $35.9M+7.4% $33.5M+1.0% $33.1M+7.0% $31.0M-9.8% $34.3M+16.4% $29.5M+12.9% $26.1M-1.9% $26.6M
Gross Profit $169.6M+9.3% $155.2M-0.5% $155.9M+16.3% $134.1M-14.2% $156.3M+11.6% $140.1M+7.9% $129.8M+13.7% $114.2M
R&D Expenses $41.7M-7.0% $44.8M-5.0% $47.2M+5.6% $44.7M+19.1% $37.5M-4.5% $39.3M-1.3% $39.8M+9.4% $36.4M
SG&A Expenses $26.6M-1.3% $27.0M-8.7% $29.6M+11.5% $26.5M+10.7% $24.0M+4.0% $23.0M-0.1% $23.1M+4.5% $22.1M
Operating Income $37.8M+79.0% $21.1M+55.8% $13.5M+100.3% $6.8M-82.5% $38.8M+50.6% $25.7M+132.8% $11.0M+60.2% $6.9M
Interest Expense $403K-13.7% $467K+5.4% $443K+5.5% $420K+40.0% $300K-15.0% $353K+51.5% $233K+0.4% $232K
Income Tax $8.1M-21.5% $10.3M+60.2% $6.5M-9.9% $7.2M-48.8% $14.0M+22.7% $11.4M+110.8% $5.4M+203.9% $1.8M
Net Income $29.3M+187.5% $10.2M+16.5% $8.8M+270.9% $2.4M-89.9% $23.4M+28.6% $18.2M+143.5% $7.5M+4.4% $7.2M
EPS (Diluted) N/A $0.06+20.0% $0.05+400.0% $0.01 N/A $0.10+150.0% $0.040.0% $0.04

DV Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.4B+4.5% $1.3B-0.1% $1.3B+3.8% $1.2B-2.1% $1.3B-2.8% $1.3B+3.1% $1.3B+1.0% $1.3B
Current Assets $519.3M+8.9% $476.9M+3.1% $462.4M+9.6% $421.8M-24.6% $559.1M-3.5% $579.5M+3.6% $559.6M+1.7% $550.3M
Cash & Equivalents $259.0M+29.0% $200.7M-5.2% $211.8M+35.4% $156.4M-46.6% $292.8M-6.1% $311.9M+21.8% $256.1M-15.2% $302.0M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $221.2M+1.6% $217.6M+15.2% $188.9M-11.5% $213.4M-5.7% $226.2M+17.0% $193.3M+3.0% $187.8M-4.0% $195.6M
Goodwill $516.0M-0.2% $517.0M+0.1% $516.6M+2.3% $504.8M+18.0% $427.6M-2.3% $437.6M+1.4% $431.5M-0.3% $432.9M
Total Liabilities $222.8M+1.4% $219.6M+6.2% $206.9M-4.5% $216.6M+12.4% $192.8M+6.0% $181.8M+8.5% $167.5M+2.7% $163.1M
Current Liabilities $121.6M+1.4% $119.9M+14.3% $104.9M-7.6% $113.5M+9.7% $103.5M+17.3% $88.2M+10.9% $79.5M+5.5% $75.4M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $1.1B+5.1% $1.1B-1.3% $1.1B+5.6% $1.0B-4.7% $1.1B-4.2% $1.1B+2.3% $1.1B+0.7% $1.1B
Retained Earnings $305.9M+10.6% $276.5M+3.8% $266.3M+3.4% $257.6M+0.9% $255.2M+10.1% $231.8M+8.5% $213.6M+3.6% $206.1M

DV Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $72.7M+42.1% $51.2M+3.2% $49.6M+31.7% $37.7M+0.7% $37.4M-31.6% $54.6M+52.2% $35.9M+12.9% $31.8M
Capital Expenditures $10.6M-12.9% $12.1M+27.4% $9.5M+51.6% $6.3M-14.6% $7.4M+18.0% $6.2M-13.0% $7.2M+12.1% $6.4M
Free Cash Flow $62.1M+59.2% $39.0M-2.6% $40.1M+27.8% $31.4M+4.5% $30.0M-37.9% $48.4M+68.5% $28.7M+13.1% $25.4M
Investing Cash Flow -$11.6M-64.1% -$7.1M-323.9% $3.2M+103.5% -$89.9M-464.1% $24.7M-5.0% $26.0M+145.7% -$56.9M-47.4% -$38.6M
Financing Cash Flow -$3.1M+94.3% -$54.8M-18718.2% -$291K+99.7% -$85.8M-8.3% -$79.2M-207.9% -$25.7M-8.7% -$23.6M-2493.2% -$912K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0-100.0% $50.1M $0-100.0% $82.2M+5.5% $77.9M+211.5% $25.0M+7.7% $23.2M+1196.6% $1.8M

DV Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 82.5%+0.3pp 82.3%-0.2pp 82.5%+1.2pp 81.2%-0.8pp 82.0%-0.6pp 82.6%-0.7pp 83.3%+2.2pp 81.1%
Operating Margin 18.4%+7.2pp 11.2%+4.0pp 7.2%+3.1pp 4.1%-16.2pp 20.3%+5.2pp 15.2%+8.1pp 7.1%+2.2pp 4.9%
Net Margin 14.3%+8.9pp 5.4%+0.8pp 4.6%+3.2pp 1.4%-10.9pp 12.3%+1.6pp 10.7%+5.9pp 4.8%-0.3pp 5.1%
Return on Equity 2.6%+1.6pp 0.9%+0.1pp 0.8%+0.6pp 0.2%-1.9pp 2.2%+0.6pp 1.6%+0.9pp 0.7%+0.0pp 0.7%
Return on Assets 2.2%+1.4pp 0.8%+0.1pp 0.7%+0.5pp 0.2%-1.6pp 1.8%+0.4pp 1.4%+0.8pp 0.6%+0.0pp 0.6%
Current Ratio 4.27+0.3 3.98-0.4 4.41+0.7 3.72-1.7 5.40-1.2 6.57-0.5 7.04-0.3 7.30
Debt-to-Equity 0.200.0 0.20+0.0 0.19-0.0 0.21+0.0 0.18+0.0 0.160.0 0.150.0 0.15
FCF Margin 30.2%+9.5pp 20.7%-0.5pp 21.2%+2.2pp 19.0%+3.3pp 15.8%-12.8pp 28.5%+10.1pp 18.4%+0.4pp 18.0%

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Frequently Asked Questions

Doubleverify Hldgs Inc (DV) reported $748.3M in total revenue for fiscal year 2025. This represents a 13.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Doubleverify Hldgs Inc (DV) revenue grew by 13.9% year-over-year, from $656.8M to $748.3M in fiscal year 2025.

Yes, Doubleverify Hldgs Inc (DV) reported a net income of $50.6M in fiscal year 2025, with a net profit margin of 6.8%.

Doubleverify Hldgs Inc (DV) reported diluted earnings per share of $0.30 for fiscal year 2025. This represents a -6.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Doubleverify Hldgs Inc (DV) had EBITDA of $135.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Doubleverify Hldgs Inc (DV) had a gross margin of 82.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Doubleverify Hldgs Inc (DV) had an operating margin of 10.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Doubleverify Hldgs Inc (DV) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Doubleverify Hldgs Inc (DV) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Doubleverify Hldgs Inc (DV) generated $172.7M in free cash flow during fiscal year 2025. This represents a 30.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Doubleverify Hldgs Inc (DV) generated $211.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Doubleverify Hldgs Inc (DV) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Doubleverify Hldgs Inc (DV) invested $38.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Doubleverify Hldgs Inc (DV) invested $178.4M in research and development during fiscal year 2025.

Yes, Doubleverify Hldgs Inc (DV) spent $132.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Doubleverify Hldgs Inc (DV) had 162M shares outstanding as of fiscal year 2025.

Doubleverify Hldgs Inc (DV) had a current ratio of 4.27 as of fiscal year 2025, which is generally considered healthy.

Doubleverify Hldgs Inc (DV) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Doubleverify Hldgs Inc (DV) had a return on assets of 3.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Doubleverify Hldgs Inc (DV) has an Altman Z-Score of 5.68, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Doubleverify Hldgs Inc (DV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Doubleverify Hldgs Inc (DV) has an earnings quality ratio of 4.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Doubleverify Hldgs Inc (DV) has an interest coverage ratio of 45.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Doubleverify Hldgs Inc (DV) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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