NYSE · Financial Statements

DoubleVerify Holdings, Inc. (DV) Financial Statements

$13.55 NYSE: DV Market Cap $2.12B

DoubleVerify Holdings, Inc. most recently reported annual revenue of $748.0M, net profit of $51.0M. Revenue grew at an average annual rate of 25.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

DoubleVerify Holdings, Inc.: Revenue rose from $104.0M in 2018 to $748.0M in 2025, a change of +619.2% over 7 years; net profit was positive in all 8 reported years; operating margin moved from 4.8% to 10.6%, a shift of +5.7 percentage points; the most recent year shows net profit of $51.0M.

Income Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$104.0M	$183.0M	$244.0M	$333.0M	$452.0M	$573.0M	$657.0M	$748.0M
Operating Expenses	$99.0M	$144.0M	$223.0M	$306.0M	$393.0M	$487.0M	$574.0M	$669.0M
Operating Profit	$5.0M	$39.0M	$21.0M	$27.0M	$59.0M	$86.0M	$82.0M	$79.0M
Operating Margin	4.8%	21.4%	8.8%	8.0%	13.1%	15.0%	12.6%	10.6%
Other Income	$-3.0M	$-4.0M	$-4.0M	$-1.0M	$0	$10.0M	$6.0M	$4.0M
Interest	$3.0M	$5.0M	$5.0M	$1.0M	$1.0M	$1.0M	$1.0M	$2.0M
Depreciation	$19.0M	$22.0M	$25.0M	$30.0M	$34.0M	$41.0M	$45.0M	$57.0M
Profit Before Tax	$2.0M	$35.0M	$17.0M	$26.0M	$59.0M	$96.0M	$89.0M	$83.0M
Tax	$-60.5M	$34.1M	$-18.2M	$-13.5M	$27.1M	$25.5M	$36.7M	$38.8M
Net Profit	$3.0M	$23.0M	$20.0M	$29.0M	$43.0M	$71.0M	$56.0M	$51.0M
EPS	$0.02	$0.15	$0.13	$0.18	$0.25	$0.41	$0.32	$0.30
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$144.0M	$172.0M	$141.0M	$156.0M	$170.0M	$191.0M	$165.0M	$189.0M	$189.0M	$206.0M	$181.0M	$194.0M
Operating Expenses	$126.0M	$135.0M	$134.0M	$145.0M	$144.0M	$152.0M	$158.0M	$175.0M	$168.0M	$168.0M	$165.0M	$171.0M
Operating Profit	$18.0M	$38.0M	$7.0M	$11.0M	$26.0M	$39.0M	$7.0M	$14.0M	$21.0M	$38.0M	$16.0M	$23.0M
Operating Margin	12.7%	21.9%	4.9%	7.1%	15.2%	20.3%	4.1%	7.2%	11.2%	18.4%	8.7%	11.9%
Interest	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Profit Before Tax	$20.0M	$42.0M	$9.0M	$13.0M	$30.0M	$37.0M	$10.0M	$15.0M	$21.0M	$37.0M	$14.0M	$22.0M
Tax	$31.8M	$20.7M	$19.9M	$42.0M	$38.5M	$37.4M	$75.2M	$42.4M	$50.3M	$21.7M	$55.0M	$41.0M
Net Profit	$13.0M	$33.0M	$7.0M	$7.0M	$18.0M	$23.0M	$2.0M	$9.0M	$10.0M	$29.0M	$6.0M	$13.0M
EPS	$0.08	$0.19	$0.04	$0.04	$0.10	$0.14	$0.01	$0.05	$0.06	$0.18	$0.04	$0.08

Over the 8 years reported for DoubleVerify Holdings, Inc., borrowings increased from $59.0M in 2018 to $100.0M in 2025, cash stood at $259.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.25 times.

Balance Sheet — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$401.0M	$466.0M	$511.0M	$892.0M	$1.0B	$1.2B	$1.3B	$1.4B
Current Assets	$71.0M	$85.0M	$142.0M	$368.0M	$445.0M	$533.0M	$559.0M	$519.0M
Cash	$30.0M	$11.0M	$33.0M	$222.0M	$268.0M	$310.0M	$293.0M	$259.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$38.0M	$69.0M	$95.0M	$123.0M	$167.0M	$207.0M	$226.0M	$221.0M
Fixed Assets	$11.0M	$10.0M	$10.0M	$18.0M	$112.0M	$118.0M	$138.0M	$170.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$0	$0	$0	$18.0M	$1.0M
Other Assets	$174.0M	$227.0M	$227.0M	$351.0M	$343.0M	$436.0M	$428.0M	$516.0M
Total Liabilities	$109.0M	$148.0M	$95.0M	$93.0M	$160.0M	$169.0M	$193.0M	$223.0M
Current Liabilities	$15.0M	$32.0M	$34.0M	$57.0M	$69.0M	$84.0M	$103.0M	$122.0M
Borrowings	$59.0M	$78.0M	$27.0M	$5.0M	$84.0M	$86.0M	$92.0M	$100.0M
Other Liabilities	$50.0M	$70.0M	$68.0M	$89.0M	$76.0M	$83.0M	$101.0M	$123.0M
Equity	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$293.0M	$318.0M	$417.0M	$799.0M	$877.0M	$1.1B	$1.1B	$1.1B

For DoubleVerify Holdings, Inc., operating cash flow was positive in 8 of 8 reported years; free cash flow in the latest year was $173.0M; free cash flow was positive in 8 of 8 years; financing activities used $143.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$12.0M	$29.0M	$21.0M	$83.0M	$95.0M	$120.0M	$160.0M	$211.0M
Investing Cash Flow	$-15.0M	$-69.0M	$-20.0M	$-168.0M	$-80.0M	$-101.0M	$-72.0M	$-144.0M
Financing Cash Flow	$0	$-3.0M	$-279.0M	$-11.0M	$-6.0M	$9.0M	$-127.0M	$-143.0M
Net Cash Flow	$22.0M	$-19.0M	$22.0M	$188.0M	$46.0M	$42.0M	$-17.0M	$-34.0M
Free Cash Flow	$10.0M	$23.0M	$11.0M	$73.0M	$55.0M	$103.0M	$133.0M	$173.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	1.88
EV / EBITDA	12.53
FCF Yield	7.45%
Quick Ratio	4.50
Interest Coverage	55.49
Return 1Y	-33.66%
Return 3Y	-74.20%
Return 5Y	-71.15%

DoubleVerify Holdings, Inc. (DV) financials — frequently asked questions

What is DoubleVerify Holdings, Inc.'s annual revenue?

DoubleVerify Holdings, Inc. (DV) reported annual revenue of $748.0M in its most recent fiscal year.

What is DoubleVerify Holdings, Inc.'s net profit?

DoubleVerify Holdings, Inc. (DV) reported net profit of $51.0M in its most recent fiscal year.

What is DV EV/EBITDA?

DoubleVerify Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 12.53.

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