DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics. Operating globally, the company offers solutions that help advertisers verify ad delivery, detect fraud, ensure brand safety, and measure campaign effectiveness. Its proprietary technology is designed to increase transparency and optimize digital advertising investments across various channels, including social media and connected TV.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
748,291
656,849
572,543
452,418
Cost of Sales
133,499
116,515
106,631
77,866
Gross Profit
614,792
540,334
465,912
374,552
Selling, General & Administrative Expenses
300,570
259,653
213,924
186,082
Depreciation & Amortization Expenses
56,579
45,215
40,885
34,328
Research & Development Expenses
178,445
153,046
125,376
95,118
Operating Profit
79,198
82,420
85,727
59,024
Interest Expense
(1,733)
(1,118)
(1,066)
(905)
Non-Operating Income
(5,244)
(7,488)
(11,216)
(1,249)
Total Non-Operating Income
(6,977)
(8,606)
(12,282)
(2,154)
Income Before Provision for Income Taxes
82,709
88,790
95,877
59,368
Provision for Income Taxes
32,059
32,559
24,411
16,100
Consolidated Net Income
50,650
56,231
71,466
43,268
Net Income Attributable to Common Shareholders
50,650
56,231
71,466
43,268
Basic EPS
0.31
0.33
0.43
0.26
Diluted EPS
0.30
0.32
0.41
0.25
Basic Weighted Average Shares Outstanding
162,780
170,515
167,803
163,882
Diluted Weighted Average Shares Outstanding
166,683
175,076
173,435
170,755
Shares Outstanding
161,900
167,069
171,146
165,417
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
259,038
292,820
310,131
267,813
Short-Term Investments
—
17,805
—
—
Total Cash and Cash Equivalents
259,038
310,625
310,131
267,813
Accounts Receivable
221,158
226,225
206,941
167,122
Total Trade Receivables
221,158
226,225
206,941
167,122
Other Current Assets
39,132
22,201
15,930
10,161
Total Current Assets
519,328
559,051
533,002
445,096
Net Property, Plant & Equipment
170,192
137,916
118,490
111,726
Net Intangible Assets
101,616
110,356
140,883
135,429
Goodwill
516,002
427,621
436,008
343,011
Other Long-Term Assets
46,944
41,266
14,648
1,766
Total Assets
1,354,082
1,276,210
1,243,031
1,037,028
Accounts Payable
14,662
11,598
12,932
6,675
Accrued Expenses
73,552
54,532
44,264
33,085
Current Portion of Leases
16,039
13,560
11,963
8,887
Other Current Liabilities
17,310
23,792
14,696
20,263
Total Current Liabilities
121,563
103,482
83,855
68,910
Leases
83,512
78,109
74,428
74,865
Other Long-Term Liabilities
17,675
11,160
10,809
16,394
Total Long-Term Liabilities
101,187
89,269
85,237
91,259
Total Liabilities
222,750
192,751
169,092
160,169
Common Stock
177
174
171
165
Treasury Stock
(247,982)
(131,620)
(743)
(796)
Additional Paid-in Capital
1,059,938
974,383
878,331
756,299
Accumulated Other Comprehensive Income
13,335
(14,692)
(2,803)
(6,326)
Retained Earnings
305,864
255,214
198,983
127,517
Total Common Shareholders' Equity
1,131,332
1,083,459
1,073,939
876,859
Total Shareholders' Equity
1,131,332
1,083,459
1,073,939
876,859
Total Liabilities and Shareholders' Equity
1,354,082
1,276,210
1,243,031
1,037,028
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
50,650
56,231
71,466
43,268
Depreciation & Amortization
56,579
45,215
40,885
34,328
Share-Based Compensation Expense
104,226
90,658
59,244
42,304
Other Adjustments
16,764
(5,651)
(8,583)
(4,128)
Changes in Trade Receivables
6,453
(26,702)
(43,691)
(49,765)
Changes in Accounts Payable
2,312
(1,067)
5,476
9,004
Changes in Accrued Expenses
(6,504)
12,337
530
16,604
Changes in Other Operating Activities
(19,297)
(11,352)
(5,591)
9,094
Cash from Operating Activities
211,183
159,664
119,741
94,862
Capital Expenditure
(38,529)
(27,149)
(17,009)
(39,981)
Purchases of Investments
(67,240)
(99,629)
—
—
Proceeds from Sale of Investments
17,753
81,937
—
—
Payments for Business Acquisitions
—
—
(82,578)
—
Other Investing Activities
(2,025)
—
—
—
Cash from Investing Activities
(105,379)
(44,841)
(84,249)
(39,981)
Issuance of Short-Term Debt
—
—
50,000
—
Repayments of Short-Term Debt
—
—
(50,000)
—
Net Issuance / (Repayments) of Short-Term Debt
—
—
0
—
Issuance of Common Shares
3,336
6,846
13,389
7,537
Repurchases of Common Shares
(142,733)
(133,821)
(4,586)
(10,244)
Net Issuance / (Repurchases) of Common Shares
(139,397)
(126,975)
8,803
(2,707)
Other Financing Activities
(4,552)
(2,475)
(2,314)
(5,177)
Cash from Financing Activities
(143,949)
(129,450)
6,489
(7,884)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
4,438
(1,889)
338
(784)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash