DoubleVerify Holdings, Inc. (DV) 10-Year Financial Performance & Capital Metrics

DV • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementDigital Advertising

AboutDoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments. The company's solutions include DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance. Its solutions also comprise DV Publisher suite, a solution for digital publishers to manage revenue and increase inventory yield by improving video delivery, identifying lost or unfilled sales, and aggregate data across all inventory sources; and DV Pinnacle, a service and analytics platform user interface that allows its customers to adjust and deploy controls for their media plan and track campaign performance metrics across channels, formats, and devices. The company's software solutions are integrated in the digital advertising ecosystem, including programmatic platforms, connected TV, social media channels, and digital publishers. It serves brands, publishers, and other supply-side customers covering various industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare. The company was founded in 2008 and is headquartered in New York, New York.Show more

Revenue $657M +14.7%
EBITDA $128M +0.8%
Net Income $56M -21.3%
EPS (Diluted) 0.32 -22.0%
Gross Margin 82.26% +1.1%
EBITDA Margin 19.43% -12.1%
Operating Margin 12.55% -16.2%
Net Margin 8.56% -31.4%
ROE 5.21% -28.9%
ROIC 7.14% -14.4%
Debt/Equity 0.08 +5.2%
Interest Coverage 73.72 -8.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 19.3%
✓FCF machine: 20.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.2%

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y29.17%

3Y25.44%

TTM14.86%

Profit (Net Income) CAGR

10Y-

5Y19.26%

3Y24.26%

TTM-32.18%

EPS CAGR

10Y-

5Y16.36%

3Y21.14%

TTM-29.64%

ROCE

10Y Avg5.9%

5Y Avg6.09%

3Y Avg7.22%

Latest7.07%

Peer Comparison

Digital Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	1.54B	11.88	214.83	22.47%	-1.05%	-1.51%	2.8%	0.05
APPAppLovin Corporation	186.71B	606.99	133.99	43.44%	51.28%	192.05%	1.12%	3.26
DSPViant Technology Inc.	199.15M	11.94	99.50	29.74%	1.85%	2.32%	24.74%	0.09
VTEXVtex	327.46M	3.37	54.01	12.5%	7.03%	6.81%	7.69%	0.01
TTDThe Trade Desk, Inc.	15.95B	36.23	46.45	25.63%	15.72%	16.86%	3.96%	0.11
PUBMPubMatic, Inc.	299.11M	7.84	34.09	9.08%	-2.51%	-2.96%	11.67%	0.16
DVDoubleVerify Holdings, Inc.	1.7B	10.56	33	14.72%	6.1%	4.16%	7.79%	0.08
MTCHMatch Group, Inc.	7.46B	31.60	15.64	3.41%	16.2%		11.83%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	104.3M	182.66M	243.92M	332.74M	452.42M	572.54M	656.85M
Revenue Growth %	-	0.75%	0.34%	0.36%	0.36%	0.27%	0.15%
Cost of Goods Sold+	18.52M	24.85M	35.75M	54.38M	77.87M	106.63M	116.52M
COGS % of Revenue	0.18%	0.14%	0.15%	0.16%	0.17%	0.19%	0.18%
Gross Profit+	85.78M	157.81M	208.17M	278.36M	374.55M	465.91M	540.33M
Gross Margin %	0.82%	0.86%	0.85%	0.84%	0.83%	0.81%	0.82%
Gross Profit Growth %	-	0.84%	0.32%	0.34%	0.35%	0.24%	0.16%
Operating Expenses+	80.72M	118.71M	186.81M	251.68M	315.53M	380.19M	457.91M
OpEx % of Revenue	0.77%	0.65%	0.77%	0.76%	0.7%	0.66%	0.7%
Selling, General & Admin	37.87M	65.3M	115.21M	158.69M	186.08M	213.92M	259.65M
SG&A % of Revenue	0.36%	0.36%	0.47%	0.48%	0.41%	0.37%	0.4%
Research & Development	24.22M	31.6M	47M	62.7M	95.12M	125.38M	153.05M
R&D % of Revenue	0.23%	0.17%	0.19%	0.19%	0.21%	0.22%	0.23%
Other Operating Expenses	-25K	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
Operating Income+	5.06M	39.1M	21.36M	26.68M	59.02M	85.73M	82.42M
Operating Margin %	0.05%	0.21%	0.09%	0.08%	0.13%	0.15%	0.13%
Operating Income Growth %	-	6.72%	-0.45%	0.25%	1.21%	0.45%	-0.04%
EBITDA+	23.69M	60.92M	45.95M	56.97M	93.35M	126.61M	127.64M
EBITDA Margin %	0.23%	0.33%	0.19%	0.17%	0.21%	0.22%	0.19%
EBITDA Growth %	-	1.57%	-0.25%	0.24%	0.64%	0.36%	0.01%
D&A (Non-Cash Add-back)	18.63M	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
EBIT	5.04M	40.56M	22.24M	26.99M	60.27M	96.94M	89.91M
Net Interest Income+	-3.06M	-5.2M	-4.93M	-1.16M	1.4M	-1.07M	11.63M
Interest Income	0	0	0	11K	2.31M	0	12.74M
Interest Expense	3.06M	5.2M	4.93M	1.17M	905K	1.07M	1.12M
Other Income/Expense	-3.08M	-3.74M	-4.05M	-863K	344K	10.15M	6.37M
Pretax Income+	1.98M	35.36M	17.31M	25.82M	59.37M	95.88M	88.79M
Pretax Margin %	0.02%	0.19%	0.07%	0.08%	0.13%	0.17%	0.14%
Income Tax+	-1.2M	12.05M	-3.14M	-3.49M	16.1M	24.41M	32.56M
Effective Tax Rate %	1.6%	0.66%	1.18%	1.14%	0.73%	0.75%	0.63%
Net Income+	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Net Margin %	0.03%	0.13%	0.08%	0.09%	0.1%	0.12%	0.09%
Net Income Growth %	-	6.34%	-0.12%	0.43%	0.48%	0.65%	-0.21%
Net Income (Continuing)	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	0.02	0.15	0.13	0.18	0.25	0.41	0.32
EPS Growth %	-	6.32%	-0.13%	0.38%	0.39%	0.64%	-0.22%
EPS (Basic)	0.02	0.15	0.13	0.18	0.26	0.43	0.33
Diluted Shares Outstanding	155.33M	156.68M	156.68M	162.3M	170.75M	173.44M	175.08M
Basic Shares Outstanding	155.33M	156.68M	156.68M	162.3M	163.88M	167.8M	170.51M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	71.39M	85.23M	141.94M	367.82M	445.1M	533M	559.05M
Cash & Short-Term Investments	30.04M	10.92M	33.35M	221.59M	267.81M	310.13M	310.63M
Cash Only	30.04M	10.92M	33.35M	221.59M	267.81M	310.13M	292.82M
Short-Term Investments	0	0	0	0	0	0	17.8M
Accounts Receivable	38.06M	68.68M	94.68M	122.94M	167.12M	206.94M	226.22M
Days Sales Outstanding	133.18	137.24	141.68	134.86	134.83	131.93	125.71
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	591K	0	0	0	10.16M	126K	22.2M
Total Non-Current Assets+	330.09M	381.04M	369.4M	524.37M	591.93M	710.03M	717.16M
Property, Plant & Equipment	10.54M	10.29M	9.72M	17.57M	111.73M	118.49M	137.92M
Fixed Asset Turnover	9.90x	17.74x	25.08x	18.93x	4.05x	4.83x	4.76x
Goodwill	174.2M	227.35M	227.35M	350.56M	343.01M	436.01M	427.62M
Intangible Assets	145.14M	142.76M	130.09M	153.4M	135.43M	140.88M	110.36M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	101K	533K	2.15M	2.78M	1.73M	1.57M	5.78M
Total Assets+	401.48M	466.27M	511.33M	892.19M	1.04B	1.24B	1.28B
Asset Turnover	0.26x	0.39x	0.48x	0.37x	0.44x	0.46x	0.51x
Asset Growth %	-	0.16%	0.1%	0.74%	0.16%	0.2%	0.03%
Total Current Liabilities+	15.26M	32.01M	34.02M	57.03M	68.91M	83.86M	103.48M
Accounts Payable	1.18M	1.14M	3.5M	3.85M	6.67M	12.93M	11.6M
Days Payables Outstanding	23.31	16.79	35.68	25.86	31.29	44.27	36.33
Short-Term Debt	280K	471K	0	0	0	0	13.56M
Deferred Revenue (Current)	0	0	0	0	0	0	0
Other Current Liabilities	5.16M	14.73M	15.02M	23.53M	28.17M	16.17M	23.84M
Current Ratio	4.68x	2.66x	4.17x	6.45x	6.46x	6.36x	5.40x
Quick Ratio	4.68x	2.66x	4.17x	6.45x	6.46x	6.36x	5.40x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	93.3M	116.24M	60.62M	36.09M	91.26M	85.24M	89.27M
Long-Term Debt	53.37M	72.73M	22M	0	0	0	0
Capital Lease Obligations	3.37M	3.52M	3.45M	2.58M	74.86M	74.43M	78.11M
Deferred Tax Liabilities	32.2M	36.57M	31.42M	30.31M	12.89M	8.12M	8.51M
Other Non-Current Liabilities	4.36M	3.43M	3.75M	3.21M	3.5M	2.69M	2.65M
Total Liabilities	108.56M	148.25M	94.64M	93.13M	160.17M	169.09M	192.75M
Total Debt+	58.65M	78.08M	26.96M	4.55M	83.75M	86.39M	91.67M
Net Debt	28.61M	67.16M	-6.39M	-217.04M	-184.06M	-223.74M	-201.15M
Debt / Equity	0.20x	0.25x	0.06x	0.01x	0.10x	0.08x	0.08x
Debt / EBITDA	2.48x	1.28x	0.59x	0.08x	0.90x	0.68x	0.72x
Net Debt / EBITDA	1.21x	1.10x	-0.14x	-3.81x	-1.97x	-1.77x	-1.58x
Interest Coverage	1.66x	7.52x	4.33x	22.77x	65.22x	80.42x	73.72x
Total Equity+	292.92M	318.02M	416.69M	799.07M	876.86M	1.07B	1.08B
Equity Growth %	-	0.09%	0.31%	0.92%	0.1%	0.22%	0.01%
Book Value per Share	1.89	2.03	2.66	4.92	5.14	6.19	6.19
Total Shareholders' Equity	292.92M	318.02M	416.69M	799.07M	876.86M	1.07B	1.08B
Common Stock	419K	140K	140K	162K	165K	171K	174K
Retained Earnings	11.18M	34.49M	54.94M	84.25M	127.52M	198.98M	255.21M
Treasury Stock	0	0	-260.69M	-1.8M	-796K	-743K	-131.62M
Accumulated OCI	3K	-67K	1.01M	-771K	-6.33M	-2.8M	-14.69M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.06M	29.43M	20.64M	82.75M	94.86M	119.74M	159.66M
Operating CF Margin %	0.12%	0.16%	0.08%	0.25%	0.21%	0.21%	0.24%
Operating CF Growth %	-	1.44%	-0.3%	3.01%	0.15%	0.26%	0.33%
Net Income	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Depreciation & Amortization	18.63M	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
Stock-Based Compensation	1.44M	0	0	21.89M	42.31M	59.24M	90.66M
Deferred Taxes	-2.04M	2M	-5.14M	-7.87M	-19.58M	-25.05M	-21.65M
Other Non-Cash Items	2M	4.49M	14.16M	22.55M	15.72M	16.47M	16M
Working Capital Changes	-11.15M	-22.17M	-33.43M	-13.41M	-21.18M	-43.28M	-26.78M
Change in Receivables	-12.97M	-32.74M	-30.44M	-22M	-49.77M	-43.69M	-26.7M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	-339K	-538K	2.48M	-49K	2.88M	5.48M	-1.07M
Cash from Investing+	-12.97M	-63.2M	-9.75M	-158.61M	-39.98M	-84.25M	-44.84M
Capital Expenditures	-1.64M	-5.94M	-9.75M	-9.4M	-39.98M	-17.01M	-27.15M
CapEx % of Revenue	0.02%	0.03%	0.04%	0.03%	0.09%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0
Cash from Financing+	22.9M	15.04M	10.96M	264.39M	-7.88M	6.49M	-129.45M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	-138K	-2.86M	-18.19M	-9.28M	4.28M	13.39M	6.85M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	10.42M	23.49M	10.89M	73.35M	54.88M	102.73M	132.51M
FCF Margin %	0.1%	0.13%	0.04%	0.22%	0.12%	0.18%	0.2%
FCF Growth %	-	1.25%	-0.54%	5.74%	-0.25%	0.87%	0.29%
FCF per Share	0.07	0.15	0.07	0.45	0.32	0.59	0.76
FCF Conversion (FCF/Net Income)	3.80x	1.26x	1.01x	2.82x	2.19x	1.68x	2.84x
Interest Paid	2.54M	0	0	774K	554K	714K	479K
Taxes Paid	1.87M	0	0	7.7M	12.35M	60.88M	41.93M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.08%	7.63%	5.57%	4.82%	5.16%	7.33%	5.21%
Return on Invested Capital (ROIC)	1.18%	8.3%	4.03%	4.03%	6.94%	8.33%	7.14%
Gross Margin	82.24%	86.4%	85.34%	83.66%	82.79%	81.38%	82.26%
Net Margin	3.05%	12.76%	8.39%	8.81%	9.56%	12.48%	8.56%
Debt / Equity	0.20x	0.25x	0.06x	0.01x	0.10x	0.08x	0.08x
Interest Coverage	1.66x	7.52x	4.33x	22.77x	65.22x	80.42x	73.72x
FCF Conversion	3.80x	1.26x	1.01x	2.82x	2.19x	1.68x	2.84x
Revenue Growth	-	75.13%	33.53%	36.42%	35.97%	26.55%	14.72%

Frequently Asked Questions

Valuation & Price

DoubleVerify Holdings, Inc. (DV) has a price-to-earnings (P/E) ratio of 33.0x. This suggests investors expect higher future growth.

Growth & Financials

DoubleVerify Holdings, Inc. (DV) reported $733.3M in revenue for fiscal year 2024. This represents a 603% increase from $104.3M in 2018.

DoubleVerify Holdings, Inc. (DV) grew revenue by 14.7% over the past year. This is steady growth.

Yes, DoubleVerify Holdings, Inc. (DV) is profitable, generating $44.7M in net income for fiscal year 2024 (8.6% net margin).

Dividend & Returns

DoubleVerify Holdings, Inc. (DV) has a return on equity (ROE) of 5.2%. This is below average, suggesting room for improvement.

DoubleVerify Holdings, Inc. (DV) generated $140.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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DoubleVerify Holdings, Inc. (DV) 10-Year Financial Performance & Capital Metrics

DV • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementDigital Advertising

Revenue $657M +14.7%
EBITDA $128M +0.8%
Net Income $56M -21.3%
EPS (Diluted) 0.32 -22.0%
Gross Margin 82.26% +1.1%
EBITDA Margin 19.43% -12.1%
Operating Margin 12.55% -16.2%
Net Margin 8.56% -31.4%
ROE 5.21% -28.9%
ROIC 7.14% -14.4%
Debt/Equity 0.08 +5.2%
Interest Coverage 73.72 -8.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 19.3%
✓FCF machine: 20.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.2%

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y29.17%

3Y25.44%

TTM14.86%

Profit (Net Income) CAGR

10Y-

5Y19.26%

3Y24.26%

TTM-32.18%

EPS CAGR

10Y-

5Y16.36%

3Y21.14%

TTM-29.64%

ROCE

10Y Avg5.9%

5Y Avg6.09%

3Y Avg7.22%

Latest7.07%

Peer Comparison

Digital Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	1.54B	11.88	214.83	22.47%	-1.05%	-1.51%	2.8%	0.05
APPAppLovin Corporation	186.71B	606.99	133.99	43.44%	51.28%	192.05%	1.12%	3.26
DSPViant Technology Inc.	199.15M	11.94	99.50	29.74%	1.85%	2.32%	24.74%	0.09
VTEXVtex	327.46M	3.37	54.01	12.5%	7.03%	6.81%	7.69%	0.01
TTDThe Trade Desk, Inc.	15.95B	36.23	46.45	25.63%	15.72%	16.86%	3.96%	0.11
PUBMPubMatic, Inc.	299.11M	7.84	34.09	9.08%	-2.51%	-2.96%	11.67%	0.16
DVDoubleVerify Holdings, Inc.	1.7B	10.56	33	14.72%	6.1%	4.16%	7.79%	0.08
MTCHMatch Group, Inc.	7.46B	31.60	15.64	3.41%	16.2%		11.83%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	104.3M	182.66M	243.92M	332.74M	452.42M	572.54M	656.85M
Revenue Growth %	-	0.75%	0.34%	0.36%	0.36%	0.27%	0.15%
Cost of Goods Sold+	18.52M	24.85M	35.75M	54.38M	77.87M	106.63M	116.52M
COGS % of Revenue	0.18%	0.14%	0.15%	0.16%	0.17%	0.19%	0.18%
Gross Profit+	85.78M	157.81M	208.17M	278.36M	374.55M	465.91M	540.33M
Gross Margin %	0.82%	0.86%	0.85%	0.84%	0.83%	0.81%	0.82%
Gross Profit Growth %	-	0.84%	0.32%	0.34%	0.35%	0.24%	0.16%
Operating Expenses+	80.72M	118.71M	186.81M	251.68M	315.53M	380.19M	457.91M
OpEx % of Revenue	0.77%	0.65%	0.77%	0.76%	0.7%	0.66%	0.7%
Selling, General & Admin	37.87M	65.3M	115.21M	158.69M	186.08M	213.92M	259.65M
SG&A % of Revenue	0.36%	0.36%	0.47%	0.48%	0.41%	0.37%	0.4%
Research & Development	24.22M	31.6M	47M	62.7M	95.12M	125.38M	153.05M
R&D % of Revenue	0.23%	0.17%	0.19%	0.19%	0.21%	0.22%	0.23%
Other Operating Expenses	-25K	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
Operating Income+	5.06M	39.1M	21.36M	26.68M	59.02M	85.73M	82.42M
Operating Margin %	0.05%	0.21%	0.09%	0.08%	0.13%	0.15%	0.13%
Operating Income Growth %	-	6.72%	-0.45%	0.25%	1.21%	0.45%	-0.04%
EBITDA+	23.69M	60.92M	45.95M	56.97M	93.35M	126.61M	127.64M
EBITDA Margin %	0.23%	0.33%	0.19%	0.17%	0.21%	0.22%	0.19%
EBITDA Growth %	-	1.57%	-0.25%	0.24%	0.64%	0.36%	0.01%
D&A (Non-Cash Add-back)	18.63M	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
EBIT	5.04M	40.56M	22.24M	26.99M	60.27M	96.94M	89.91M
Net Interest Income+	-3.06M	-5.2M	-4.93M	-1.16M	1.4M	-1.07M	11.63M
Interest Income	0	0	0	11K	2.31M	0	12.74M
Interest Expense	3.06M	5.2M	4.93M	1.17M	905K	1.07M	1.12M
Other Income/Expense	-3.08M	-3.74M	-4.05M	-863K	344K	10.15M	6.37M
Pretax Income+	1.98M	35.36M	17.31M	25.82M	59.37M	95.88M	88.79M
Pretax Margin %	0.02%	0.19%	0.07%	0.08%	0.13%	0.17%	0.14%
Income Tax+	-1.2M	12.05M	-3.14M	-3.49M	16.1M	24.41M	32.56M
Effective Tax Rate %	1.6%	0.66%	1.18%	1.14%	0.73%	0.75%	0.63%
Net Income+	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Net Margin %	0.03%	0.13%	0.08%	0.09%	0.1%	0.12%	0.09%
Net Income Growth %	-	6.34%	-0.12%	0.43%	0.48%	0.65%	-0.21%
Net Income (Continuing)	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	0.02	0.15	0.13	0.18	0.25	0.41	0.32
EPS Growth %	-	6.32%	-0.13%	0.38%	0.39%	0.64%	-0.22%
EPS (Basic)	0.02	0.15	0.13	0.18	0.26	0.43	0.33
Diluted Shares Outstanding	155.33M	156.68M	156.68M	162.3M	170.75M	173.44M	175.08M
Basic Shares Outstanding	155.33M	156.68M	156.68M	162.3M	163.88M	167.8M	170.51M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	71.39M	85.23M	141.94M	367.82M	445.1M	533M	559.05M
Cash & Short-Term Investments	30.04M	10.92M	33.35M	221.59M	267.81M	310.13M	310.63M
Cash Only	30.04M	10.92M	33.35M	221.59M	267.81M	310.13M	292.82M
Short-Term Investments	0	0	0	0	0	0	17.8M
Accounts Receivable	38.06M	68.68M	94.68M	122.94M	167.12M	206.94M	226.22M
Days Sales Outstanding	133.18	137.24	141.68	134.86	134.83	131.93	125.71
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	591K	0	0	0	10.16M	126K	22.2M
Total Non-Current Assets+	330.09M	381.04M	369.4M	524.37M	591.93M	710.03M	717.16M
Property, Plant & Equipment	10.54M	10.29M	9.72M	17.57M	111.73M	118.49M	137.92M
Fixed Asset Turnover	9.90x	17.74x	25.08x	18.93x	4.05x	4.83x	4.76x
Goodwill	174.2M	227.35M	227.35M	350.56M	343.01M	436.01M	427.62M
Intangible Assets	145.14M	142.76M	130.09M	153.4M	135.43M	140.88M	110.36M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	101K	533K	2.15M	2.78M	1.73M	1.57M	5.78M
Total Assets+	401.48M	466.27M	511.33M	892.19M	1.04B	1.24B	1.28B
Asset Turnover	0.26x	0.39x	0.48x	0.37x	0.44x	0.46x	0.51x
Asset Growth %	-	0.16%	0.1%	0.74%	0.16%	0.2%	0.03%
Total Current Liabilities+	15.26M	32.01M	34.02M	57.03M	68.91M	83.86M	103.48M
Accounts Payable	1.18M	1.14M	3.5M	3.85M	6.67M	12.93M	11.6M
Days Payables Outstanding	23.31	16.79	35.68	25.86	31.29	44.27	36.33
Short-Term Debt	280K	471K	0	0	0	0	13.56M
Deferred Revenue (Current)	0	0	0	0	0	0	0
Other Current Liabilities	5.16M	14.73M	15.02M	23.53M	28.17M	16.17M	23.84M
Current Ratio	4.68x	2.66x	4.17x	6.45x	6.46x	6.36x	5.40x
Quick Ratio	4.68x	2.66x	4.17x	6.45x	6.46x	6.36x	5.40x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	93.3M	116.24M	60.62M	36.09M	91.26M	85.24M	89.27M
Long-Term Debt	53.37M	72.73M	22M	0	0	0	0
Capital Lease Obligations	3.37M	3.52M	3.45M	2.58M	74.86M	74.43M	78.11M
Deferred Tax Liabilities	32.2M	36.57M	31.42M	30.31M	12.89M	8.12M	8.51M
Other Non-Current Liabilities	4.36M	3.43M	3.75M	3.21M	3.5M	2.69M	2.65M
Total Liabilities	108.56M	148.25M	94.64M	93.13M	160.17M	169.09M	192.75M
Total Debt+	58.65M	78.08M	26.96M	4.55M	83.75M	86.39M	91.67M
Net Debt	28.61M	67.16M	-6.39M	-217.04M	-184.06M	-223.74M	-201.15M
Debt / Equity	0.20x	0.25x	0.06x	0.01x	0.10x	0.08x	0.08x
Debt / EBITDA	2.48x	1.28x	0.59x	0.08x	0.90x	0.68x	0.72x
Net Debt / EBITDA	1.21x	1.10x	-0.14x	-3.81x	-1.97x	-1.77x	-1.58x
Interest Coverage	1.66x	7.52x	4.33x	22.77x	65.22x	80.42x	73.72x
Total Equity+	292.92M	318.02M	416.69M	799.07M	876.86M	1.07B	1.08B
Equity Growth %	-	0.09%	0.31%	0.92%	0.1%	0.22%	0.01%
Book Value per Share	1.89	2.03	2.66	4.92	5.14	6.19	6.19
Total Shareholders' Equity	292.92M	318.02M	416.69M	799.07M	876.86M	1.07B	1.08B
Common Stock	419K	140K	140K	162K	165K	171K	174K
Retained Earnings	11.18M	34.49M	54.94M	84.25M	127.52M	198.98M	255.21M
Treasury Stock	0	0	-260.69M	-1.8M	-796K	-743K	-131.62M
Accumulated OCI	3K	-67K	1.01M	-771K	-6.33M	-2.8M	-14.69M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.06M	29.43M	20.64M	82.75M	94.86M	119.74M	159.66M
Operating CF Margin %	0.12%	0.16%	0.08%	0.25%	0.21%	0.21%	0.24%
Operating CF Growth %	-	1.44%	-0.3%	3.01%	0.15%	0.26%	0.33%
Net Income	3.18M	23.31M	20.45M	29.31M	43.27M	71.47M	56.23M
Depreciation & Amortization	18.63M	21.81M	24.59M	30.29M	34.33M	40.88M	45.22M
Stock-Based Compensation	1.44M	0	0	21.89M	42.31M	59.24M	90.66M
Deferred Taxes	-2.04M	2M	-5.14M	-7.87M	-19.58M	-25.05M	-21.65M
Other Non-Cash Items	2M	4.49M	14.16M	22.55M	15.72M	16.47M	16M
Working Capital Changes	-11.15M	-22.17M	-33.43M	-13.41M	-21.18M	-43.28M	-26.78M
Change in Receivables	-12.97M	-32.74M	-30.44M	-22M	-49.77M	-43.69M	-26.7M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	-339K	-538K	2.48M	-49K	2.88M	5.48M	-1.07M
Cash from Investing+	-12.97M	-63.2M	-9.75M	-158.61M	-39.98M	-84.25M	-44.84M
Capital Expenditures	-1.64M	-5.94M	-9.75M	-9.4M	-39.98M	-17.01M	-27.15M
CapEx % of Revenue	0.02%	0.03%	0.04%	0.03%	0.09%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0
Cash from Financing+	22.9M	15.04M	10.96M	264.39M	-7.88M	6.49M	-129.45M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	-138K	-2.86M	-18.19M	-9.28M	4.28M	13.39M	6.85M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	10.42M	23.49M	10.89M	73.35M	54.88M	102.73M	132.51M
FCF Margin %	0.1%	0.13%	0.04%	0.22%	0.12%	0.18%	0.2%
FCF Growth %	-	1.25%	-0.54%	5.74%	-0.25%	0.87%	0.29%
FCF per Share	0.07	0.15	0.07	0.45	0.32	0.59	0.76
FCF Conversion (FCF/Net Income)	3.80x	1.26x	1.01x	2.82x	2.19x	1.68x	2.84x
Interest Paid	2.54M	0	0	774K	554K	714K	479K
Taxes Paid	1.87M	0	0	7.7M	12.35M	60.88M	41.93M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.08%	7.63%	5.57%	4.82%	5.16%	7.33%	5.21%
Return on Invested Capital (ROIC)	1.18%	8.3%	4.03%	4.03%	6.94%	8.33%	7.14%
Gross Margin	82.24%	86.4%	85.34%	83.66%	82.79%	81.38%	82.26%
Net Margin	3.05%	12.76%	8.39%	8.81%	9.56%	12.48%	8.56%
Debt / Equity	0.20x	0.25x	0.06x	0.01x	0.10x	0.08x	0.08x
Interest Coverage	1.66x	7.52x	4.33x	22.77x	65.22x	80.42x	73.72x
FCF Conversion	3.80x	1.26x	1.01x	2.82x	2.19x	1.68x	2.84x
Revenue Growth	-	75.13%	33.53%	36.42%	35.97%	26.55%	14.72%

Frequently Asked Questions

Valuation & Price

DoubleVerify Holdings, Inc. (DV) has a price-to-earnings (P/E) ratio of 33.0x. This suggests investors expect higher future growth.

Growth & Financials

DoubleVerify Holdings, Inc. (DV) reported $733.3M in revenue for fiscal year 2024. This represents a 603% increase from $104.3M in 2018.

DoubleVerify Holdings, Inc. (DV) grew revenue by 14.7% over the past year. This is steady growth.

Yes, DoubleVerify Holdings, Inc. (DV) is profitable, generating $44.7M in net income for fiscal year 2024 (8.6% net margin).

Dividend & Returns

DoubleVerify Holdings, Inc. (DV) has a return on equity (ROE) of 5.2%. This is below average, suggesting room for improvement.

DoubleVerify Holdings, Inc. (DV) generated $140.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.