Doubleverify Hldgs Inc Financials
Doubleverify Hldgs Inc (DV) reported $748.3M in revenue for fiscal year 2025, up 13.9% from the prior fiscal year. This page shows its 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).
A high-gross-margin business is becoming more cash-generative, even as reinvestment keeps revenue growth from lifting reported margins.
From FY2023 to FY2025, operating margin compression masked a stronger cash-conversion profile: net income fell to$50.7M in FY2025 while operating cash flow reached$211.2M . Because capex stayed far below cash generation and receivables were roughly flat even as revenue expanded, more of each sales dollar ended up as spendable cash for management rather than reported earnings.
Gross margin held near
The balance sheet still looks self-funded: cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Doubleverify Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Doubleverify Hldgs Inc has an operating margin of 10.6%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 12.6% the prior year.
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 74/100.
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 74/100, indicating a strong balance sheet with room for future borrowing.
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 87/100.
Doubleverify Hldgs Inc converts 23.1% of revenue into free cash flow ($172.7M). This strong cash generation earns a score of 88/100.
Doubleverify Hldgs Inc's ROE of 4.5% shows moderate profitability relative to equity, earning a score of 62/100. This is down from 5.2% the prior year.
Doubleverify Hldgs Inc scores 6.97, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($222.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Doubleverify Hldgs Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
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.
Doubleverify Hldgs Inc earns $45.70 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
Earnings & Revenue
Doubleverify Hldgs Inc generated $748.3M in revenue in fiscal year 2025. This represents an increase of 13.9% from the prior year.
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.
Doubleverify Hldgs Inc reported $50.6M in net income in fiscal year 2025. This represents a decrease of 9.9% from the prior year.
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
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.
Doubleverify Hldgs Inc held $259.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
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.
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.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $768.8M | $748.3M+13.9% | $656.8M+14.7% | $572.5M+26.6% | $452.4M+36.0% | $332.7M+36.4% | $243.9M+33.5% | $182.7M |
| Cost of Revenue | $135.1M | $133.5M+14.6% | $116.5M+9.3% | $106.6M+36.9% | $77.9M+43.2% | $54.4M+52.1% | $35.8M+43.9% | $24.8M |
| Gross Profit | $633.8M | $614.8M+13.8% | $540.3M+16.0% | $465.9M+24.4% | $374.6M+34.6% | $278.4M+33.7% | $208.2M+31.9% | $157.8M |
| R&D Expenses | $178.3M | $178.4M+16.6% | $153.0M+22.1% | $125.4M+31.8% | $95.1M+51.7% | $62.7M+33.4% | $47.0M+48.8% | $31.6M |
| SG&A Expenses | $106.3M | $109.7M+19.1% | $92.1M+4.7% | $88.0M+11.8% | $78.7M-3.3% | $81.4M+53.4% | $53.1M+97.2% | $26.9M |
| Operating Income | $97.5M | $79.2M-3.9% | $82.4M-3.9% | $85.7M+45.2% | $59.0M+121.2% | $26.7M+25.0% | $21.4M-45.4% | $39.1M |
| Interest Expense | $1.8M | $1.7M+55.0% | $1.1M+4.9% | $1.1M+17.8% | $905K-22.8% | $1.2M-76.2% | $4.9M-5.2% | $5.2M |
| Income Tax | $35.3M | $32.1M-1.5% | $32.6M+33.4% | $24.4M+51.6% | $16.1M+561.7% | -$3.5M-10.9% | -$3.1M-126.1% | $12.1M |
| Net Income | $58.9M | $50.6M-9.9% | $56.2M-21.3% | $71.5M+65.2% | $43.3M+47.6% | $29.3M+43.3% | $20.5M-12.2% | $23.3M |
| EPS (Diluted) | — | $0.30-6.3% | $0.32-22.0% | $0.41+64.0% | $0.25+38.9% | $0.18+28.6% | $0.14-12.5% | $0.16 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+6.1% | $1.3B+2.7% | $1.2B+19.9% | $1.0B+16.2% | $892.2M+74.5% | $511.3M | N/A |
| Current Assets | $519.3M-7.1% | $559.1M+4.9% | $533.0M+19.7% | $445.1M+21.0% | $367.8M+159.1% | $141.9M | N/A |
| Cash & Equivalents | $259.0M-11.5% | $292.8M-5.6% | $310.1M+15.8% | $267.8M+20.9% | $221.6M+564.4% | $33.4M+205.4% | $10.9M |
| Accounts Receivable | $221.2M-2.2% | $226.2M+9.3% | $206.9M+23.8% | $167.1M+35.9% | $122.9M+29.8% | $94.7M | N/A |
| Goodwill | $516.0M+20.7% | $427.6M-1.9% | $436.0M+27.1% | $343.0M-2.2% | $350.6M+54.2% | $227.3M | N/A |
| Total Liabilities | $222.8M+15.6% | $192.8M+14.0% | $169.1M+5.6% | $160.2M+72.0% | $93.1M-1.6% | $94.6M | N/A |
| Current Liabilities | $121.6M+17.5% | $103.5M+23.4% | $83.9M+21.7% | $68.9M+20.8% | $57.0M+67.6% | $34.0M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $22.0M | N/A |
| Total Equity | $1.1B+4.4% | $1.1B+0.9% | $1.1B+22.5% | $876.9M+9.7% | $799.1M+91.8% | $416.7M+31.0% | $318.0M |
| Retained Earnings | $305.9M+19.8% | $255.2M+28.3% | $199.0M+56.0% | $127.5M+51.4% | $84.2M+53.3% | $54.9M | N/A |
Not reported in any period shown, so not listed: Inventory.
DV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $204.3M | $211.2M+32.3% | $159.7M+33.3% | $119.7M+26.2% | $94.9M+14.6% | $82.7M+290.0% | $21.2M-27.9% | $29.4M |
| Capital Expenditures | $43.8M | $38.5M+41.9% | $27.1M+59.6% | $17.0M-57.5% | $40.0M+325.5% | $9.4M-3.6% | $9.8M+64.1% | $5.9M |
| Free Cash Flow | $160.5M | $172.7M+30.3% | $132.5M+29.0% | $102.7M+87.2% | $54.9M-25.2% | $73.4M+539.8% | $11.5M-51.2% | $23.5M |
| Investing Cash Flow | -$39.7M | -$105.4M-135.0% | -$44.8M+46.8% | -$84.2M-110.7% | -$40.0M+74.8% | -$158.6M-1526.6% | -$9.8M+84.6% | -$63.2M |
| Financing Cash Flow | -$165.3M | -$143.9M-11.2% | -$129.4M-2094.9% | $6.5M+182.3% | -$7.9M-103.0% | $264.4M+2445.9% | $10.4M-31.0% | $15.0M |
| Share Buybacks | $150.3M | $132.3M+3.4% | $128.0M+2691.1% | $4.6M-55.2% | $10.2M+468.5% | $1.8M | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 82.2%-0.1pp | 82.3%+0.9pp | 81.4%-1.4pp | 82.8%-0.9pp | 83.7%-1.7pp | 85.3%-1.1pp | 86.4% |
| Operating Margin | 10.6%-2.0pp | 12.6%-2.4pp | 15.0%+1.9pp | 13.1%+5.0pp | 8.0%-0.7pp | 8.8%-12.7pp | 21.4% |
| Net Margin | 6.8%-1.8pp | 8.6%-3.9pp | 12.5%+2.9pp | 9.6%+0.8pp | 8.8%+0.4pp | 8.4%-4.4pp | 12.8% |
| Return on Equity | 4.5%-0.7pp | 5.2%-1.5pp | 6.7%+1.7pp | 4.9%+1.3pp | 3.7%-1.2pp | 4.9%-2.4pp | 7.3% |
| Return on Assets | 3.7%-0.7pp | 4.4%-1.3pp | 5.8%+1.6pp | 4.2%+0.9pp | 3.3%-0.7pp | 4.0% | N/A |
| Current Ratio | 4.27-1.1x | 5.40-1.0x | 6.36-0.1x | 6.460.0x | 6.45+2.3x | 4.17 | N/A |
| Debt-to-Equity | 0.200.0x | 0.180.0x | 0.160.0x | 0.18+0.1x | 0.12+0.1x | 0.05 | N/A |
| FCF Margin | 23.1%+2.9pp | 20.2%+2.2pp | 17.9%+5.8pp | 12.1%-9.9pp | 22.0%+17.3pp | 4.7%-8.2pp | 12.9% |
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Where Doubleverify Hldgs Inc Ranks
Frequently Asked Questions
What is Doubleverify Hldgs Inc's annual revenue?
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.
How fast is Doubleverify Hldgs Inc's revenue growing?
Doubleverify Hldgs Inc (DV) revenue grew by 13.9% year-over-year, from $656.8M to $748.3M in fiscal year 2025.
Is Doubleverify Hldgs Inc profitable?
Yes, Doubleverify Hldgs Inc (DV) reported a net income of $50.6M in fiscal year 2025, with a net profit margin of 6.8%.
What is Doubleverify Hldgs Inc's EBITDA?
Doubleverify Hldgs Inc (DV) had EBITDA of $135.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Doubleverify Hldgs Inc's gross margin?
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.
What is Doubleverify Hldgs Inc's operating margin?
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.
What is Doubleverify Hldgs Inc's net profit margin?
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.
What is Doubleverify Hldgs Inc's return on equity (ROE)?
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.
What is Doubleverify Hldgs Inc's free cash flow?
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.
What is Doubleverify Hldgs Inc's operating cash flow?
Doubleverify Hldgs Inc (DV) generated $211.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Doubleverify Hldgs Inc's total assets?
Doubleverify Hldgs Inc (DV) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Doubleverify Hldgs Inc's capital expenditures?
Doubleverify Hldgs Inc (DV) invested $38.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Doubleverify Hldgs Inc spend on research and development?
Doubleverify Hldgs Inc (DV) invested $178.4M in research and development during fiscal year 2025.
What is Doubleverify Hldgs Inc's current ratio?
Doubleverify Hldgs Inc (DV) had a current ratio of 4.27 as of fiscal year 2025, which is generally considered healthy.
What is Doubleverify Hldgs Inc's debt-to-equity ratio?
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.
What is Doubleverify Hldgs Inc's return on assets (ROA)?
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.
What is Doubleverify Hldgs Inc's Altman Z-Score?
Doubleverify Hldgs Inc (DV) has an Altman Z-Score of 6.97, 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.
What is Doubleverify Hldgs Inc's Piotroski F-Score?
Doubleverify Hldgs Inc (DV) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Doubleverify Hldgs Inc's earnings high quality?
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.
Can Doubleverify Hldgs Inc cover its interest payments?
Doubleverify Hldgs Inc (DV) has an interest coverage ratio of 45.70x, 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.
How financially healthy is Doubleverify Hldgs Inc?
Doubleverify Hldgs Inc (DV) scores 77 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.