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DoubleVerify Holdings, Inc. DV AI

Communication Services · Advertising Agencies · United States
https://www.doubleverify.com

DoubleVerify Holdings, Inc. provides media effectiveness platforms in the United States. The company offers DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand suitability, viewability and geography for each digital ad; DV Authentic Attention that provides data to drive campaign performance; Custom Contextual solution, which allows advertisers to match ads to relevant content to maximize user engagement and drive campaign performance; and Scibids AI, an AI-powered digital campaign optimization solution. It also provides Rockerbox, enables advertisers to unify cross-channel conversion and spend data and apply multi-touch attribution, marketing mix modeling, and incrementality testing to measure and optimize the impact of advertising; DV Authentic AdVantage, an AI-powered performance optimization solution for advertisers to improve campaign outcomes across proprietary video platforms; DV Publisher Suite, a unified solution for digital publishers to manage revenue and increase inventory yield, identifying lost or unfilled sales, and aggregate data across inventory sources; and DV Pinnacle which provides detailed insights into customers' media performance on both direct and programmatic media buying platforms and across all key digital media channels, formats, and devices. Its solutions are integrated across digital advertising ecosystem, including programmatic platforms, social media channels, and digital publishers. The company serves consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare industry verticals. The company was founded in 2008 and is headquartered in New York, New York.

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$9.70
-29.40% 1Y

Market & Price

Market Cap
$1.49B
Current Price
$9.70
High / Low (52W)
$16.27 / $8.61
Beta
1.05

Valuation

Stock P/E
29.39
Industry PE
23.46
Forward P/E
7.68
PEG Ratio
0.58
Book Value
$6.93
Price to Book
1.40
P/S
1.95
EV/EBITDA
10.55
Dividend Yield
-

Profitability & Returns

ROCE
6.85%
ROE
5.18%
ROA
4.43%
Profit Margin
7.16%
Op Margin
8.65%
EPS (Latest Qtr)
$0.04
EPS (TTM)
$0.33

Balance Sheet & Liquidity

Debt/Equity
0.09
Quick Ratio
4.19
Current Ratio
4.77
Debt
$95.54M
Total Assets
$1.35B
Current Assets
$519.33M
Working Capital
$397.76M

Ownership

Promoter Holding
1.13%
Chg in Prom Hold
-
FII / Inst Holding
107.83%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.41B
Total Revenue (TTM)
$764.05M
EBITDA
$133.70M
Free Cash Flow
$131.41M
Operating Cash Flow
$177.69M
Shares Outstanding
153.46M
Gross Margin
82.24%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
18.26%
Profit 5Y
5.39%
Revenue (YoY)
9.60%
Earnings (YoY)
298.70%

PROS

  • Compounding revenue at 18.3% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 40.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Communication Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 DV DoubleVerify Holdings, Inc. AI 9.70 29.39 $1.49B - 6.85% 5.18% 18.26% 5.39%
2 GOOGL Alphabet Inc. NDXSPXAI 380.34 28.99 $4.61T 0.23% 32.40% 38.88% 12.51% 30.14%
3 META Meta Platforms, Inc. NDXSPXAI 632.51 22.99 $1.61T 0.33% 26.87% 32.93% 19.89% 37.61%
4 NFLX Netflix, Inc. NDXSPXAI 86.02 27.75 $362.21B - 30.26% 48.49% 12.64% 34.71%
5 APP AppLovin Corporation NDXSPXAI 613.09 53.17 $205.96B - 70.20% - 24.84% 609.87%
6 TMUS T-Mobile US, Inc. NDXSPX 187.53 19.93 $202.95B 2.18% 9.27% 18.02% 3.53% 61.90%
7 VZ Verizon Communications Inc. SPX 47.81 11.66 $199.63B 5.92% 8.59% 17.20% 0.33% -6.86%
8 DIS The Walt Disney Company SPX 101.83 16.29 $176.83B 1.47% 8.46% 11.01% 4.51% 58.00%
9 T AT&T Inc. SPX 24.80 8.16 $172.32B 4.48% 9.23% 18.37% 1.34% 119.18%
Ad space

Quarterly Results

Figures in USD.

Metric Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 51.22M53.02M61.04M67.59M76.52M83.10M96.72M109.81M112.25M122.59M133.74M143.97M140.78M155.89M-165.06M189.02M188.62M205.59M180.82M
Cost of Revenue ---------------30.97M33.13M33.47M35.94M33.16M
Gross Profit ---------------134.09M155.90M155.16M169.65M147.67M
Operating Expenses ---------------127.33M142.35M134.05M131.86M132.03M
Operating Income 4.63M7.22M5.77M8.78M-9.92M11.81M2.86M13.17M14.40M15.20M14.64M18.24M6.89M11.05M-6.76M13.55M21.10M37.78M15.64M
EBITDA ---------------22.33M30.35M36.20M52.15M29.98M
Interest Expense ---------------420.00K443.00K467.00K403.00K413.00K
Pretax Income ---------------9.52M15.21M20.54M37.44M14.23M
Tax Provision ---------------7.16M6.45M10.34M8.11M7.82M
Net Income 2.44M4.08M5.80M5.64M-12.57M7.92M4.58M10.29M10.33M12.18M12.84M13.35M7.16M7.47M-2.36M8.76M10.20M29.33M6.41M
Diluted EPS 0.020.030.040.04-0.080.050.030.060.060.070.070.080.040.040.100.010.050.06-0.04
R&D Expense 10.33M10.91M13.09M14.18M15.12M16.36M21.59M23.22M23.93M28.55M31.94M32.31M36.39M39.81M39.31M44.72M47.20M44.84M-45.38M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 182.66M243.92M-452.42M572.54M656.85M748.29M
Cost of Revenue ---77.87M106.63M116.52M133.50M
Gross Profit ---374.55M465.91M540.33M614.79M
Operating Expenses ---315.53M380.19M457.91M535.59M
Operating Income 39.10M21.36M-59.02M85.73M82.42M79.20M
EBITDA ---94.60M137.83M135.12M141.02M
Interest Expense ---905.00K1.07M1.12M1.73M
Pretax Income ---59.37M95.88M88.79M82.71M
Tax Provision ---16.10M24.41M32.56M32.06M
Net Income 23.31M20.45M-43.27M71.47M56.23M50.65M
Diluted EPS 0.160.140.180.250.410.32-
R&D Expense 31.60M47.00M62.70M95.12M125.38M153.05M178.44M

Compounded Sales Growth

5 Years:18.26%
1 Year:9.60%

Compounded Profit Growth

5 Years:5.39%
1 Year:298.70%

Stock Price Performance

1 Year:-29.40%
6 Months:-7.44%
3 Months:-7.97%
1 Month:-11.50%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --511.33M-1.04B1.24B1.28B1.35B
Current Assets ----445.10M533.00M559.05M519.33M
Cash & Equivalents -10.92M33.35M-267.81M310.13M292.82M259.04M
Inventory --------
Receivables ----167.12M206.94M226.22M221.16M
Total Liabilities --94.64M-160.17M169.09M192.75M222.75M
Current Liabilities --34.02M-68.91M83.86M103.48M121.56M
Long Term Debt --22.00M-----
Total Debt ----83.75M86.39M91.67M99.55M
Total Equity 292.92M318.02M416.69M-876.86M1.07B1.08B1.13B
Shares Outstanding ----165.45M171.17M174.00M176.55M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 29.43M21.22M-94.86M119.74M159.66M211.18M
Investing Cash Flow -63.20M-9.75M--39.98M-84.25M-44.84M-105.38M
Financing Cash Flow 15.04M10.38M--7.88M6.49M-129.45M-143.95M
Capital Expenditure -5.94M-9.75M--39.98M-17.01M-27.15M-38.53M
Free Cash Flow 23.49M11.46M-54.88M102.73M132.51M172.65M
Net Change in Cash ---47.00M41.98M-14.63M-38.15M
Share Buybacks --1.80M10.24M4.59M128.00M132.31M

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---82.8%81.4%82.3%82.2%
Operating Margin % 21.4%8.8%-13.0%15.0%12.5%10.6%
Net Margin % 12.8%8.4%-9.6%12.5%8.6%6.8%
ROE % 7.3%4.9%-4.9%6.7%5.2%4.5%
ROCE % -4.5%-6.1%7.4%7.0%6.4%

Shareholding Pattern

Insiders
1.13%
Institutions
107.83%
Public Float
109.07%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.61% 19.35M $187.72M
2 Providence Equity Partners L.l.c. 11.92% 18.29M $177.42M
3 AQR Capital Management, LLC 7.61% 11.68M $113.29M
4 Vanguard Portfolio Management LLC 4.92% 7.56M $73.29M
5 Vanguard Capital Management LLC 4.16% 6.39M $61.94M
6 Mackenzie Financial Corporation 3.77% 5.79M $56.17M
7 Topline Capital Management, LLC 3.27% 5.02M $48.72M
8 State Street Corporation 2.84% 4.36M $42.30M
9 Dimensional Fund Advisors LP 2.82% 4.33M $42.04M
10 Disciplined Growth Investors, Inc. 2.55% 3.91M $37.91M

Analyst View

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