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DoubleVerify Holdings, Inc.

DV Clue Score72
United States Fiscal year ends December CIK 0001819928
$13.49 -0.07% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $13.49 −57.35% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 21 Apr 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue182.7Operating income39.1Net income23.3EPS, diluted0.16Fiscal year 2020Revenue243.9 +33.5%Operating income21.4Net income20.5 −12.2%EPS, diluted0.14 −12.5%Fiscal year 2021Revenue332.7 +36.4%Operating income26.7Net income29.3 +43.3%EPS, diluted0.18 +28.6%Fiscal year 2022Revenue452.4 +36.0%Operating income59.0Net income43.3 +47.6%EPS, diluted0.25 +38.9%Fiscal year 2023Revenue572.5 +26.6%Operating income85.7Net income71.5 +65.2%EPS, diluted0.41 +64.0%Fiscal year 2024Revenue656.8 +14.7%Operating income82.4Net income56.2 −21.3%EPS, diluted0.32 −22.0%Fiscal year 2025Revenue748.3 +13.9%Operating income79.2Net income50.7 −9.9%EPS, diluted0.30 −6.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 182.7 243.9 332.7 452.4 572.5 656.8 748.3
Growth +33.5% +36.4% +36.0% +26.6% +14.7% +13.9%
Operating income 39.1 21.4 26.7 59.0 85.7 82.4 79.2
Net income 23.3 20.5 29.3 43.3 71.5 56.2 50.7
Growth −12.2% +43.3% +47.6% +65.2% −21.3% −9.9%
EPS, diluted 0.16 0.14 0.18 0.25 0.41 0.32 0.30
Growth −12.5% +28.6% +38.9% +64.0% −22.0% −6.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin21.4%Net margin12.8%Free cash flow margin12.9%Fiscal year 2020Operating margin8.8%Net margin8.4%Free cash flow margin4.7%Fiscal year 2021Operating margin8.0%Net margin8.8%Free cash flow margin22.0%Fiscal year 2022Operating margin13.0%Net margin9.6%Free cash flow margin12.1%Fiscal year 2023Operating margin15.0%Net margin12.5%Free cash flow margin17.9%Fiscal year 2024Operating margin12.5%Net margin8.6%Free cash flow margin20.2%Fiscal year 2025Operating margin10.6%Net margin6.8%Free cash flow margin23.1%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 21.4% 8.8% 8.0% 13.0% 15.0% 12.5% 10.6%
Net margin 12.8% 8.4% 8.8% 9.6% 12.5% 8.6% 6.8%
Free cash flow margin 12.9% 4.7% 22.0% 12.1% 17.9% 20.2% 23.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow29.4Capital expenditure−5.9Free cash flow23.5Fiscal year 2020Operating cash flow21.2Capital expenditure−9.8Free cash flow11.5 −51.2%Fiscal year 2021Operating cash flow82.7Capital expenditure−9.4Free cash flow73.4 +539.8%Buybacks−1.8Fiscal year 2022Operating cash flow94.9Capital expenditure−40.0Free cash flow54.9 −25.2%Buybacks−10.2Fiscal year 2023Operating cash flow119.7Capital expenditure−17.0Free cash flow102.7 +87.2%Buybacks−4.6Fiscal year 2024Operating cash flow159.7Capital expenditure−27.1Free cash flow132.5 +29.0%Buybacks−128.0Fiscal year 2025Operating cash flow211.2Capital expenditure−38.5Free cash flow172.7 +30.3%Buybacks−132.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 29.4 21.2 82.7 94.9 119.7 159.7 211.2
Capital expenditure −5.9 −9.8 −9.4 −40.0 −17.0 −27.1 −38.5
Free cash flow 23.5 11.5 73.4 54.9 102.7 132.5 172.7
Growth −51.2% +539.8% −25.2% +87.2% +29.0% +30.3%
Buybacks n/a n/a −1.8 −10.2 −4.6 −128.0 −132.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash10.9Shareholders’ equity318.0Fiscal year 2020Cash33.4Total debt22.0Net cash (debt)11.4Shareholders’ equity416.7Debt to equity0.05Fiscal year 2021Cash221.6Shareholders’ equity799.1Fiscal year 2022Cash267.8Shareholders’ equity876.9Fiscal year 2023Cash310.1Shareholders’ equity1,073.9Fiscal year 2024Cash292.8Shareholders’ equity1,083.5Fiscal year 2025Cash259.0Shareholders’ equity1,131.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.9 33.4 221.6 267.8 310.1 292.8 259.0
Total debt n/a 22.0 n/a n/a n/a n/a n/a
Net cash (debt) n/a 11.4 n/a n/a n/a n/a n/a
Shareholders’ equity 318.0 416.7 799.1 876.9 1,073.9 1,083.5 1,131.3
Debt to equity n/a 0.05 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
182.7 243.9 332.7 452.4 572.5 656.8 748.3
Growth +33.5% +36.4% +36.0% +26.6% +14.7% +13.9%
24.8 35.8 54.4 77.9 106.6 116.5 133.5
31.6 47.0 62.7 95.1 125.4 153.0 178.4
26.9 53.1 81.4 78.7 88.0 92.1 109.7
39.1 21.4 26.7 59.0 85.7 82.4 79.2
Growth −45.4% +25.0% +121.2% +45.2% −3.9% −3.9%
35.4 17.3 25.8 59.4 95.9 88.8 82.7
12.1 −3.1 −3.5 16.1 24.4 32.6 32.1
23.3 20.5 29.3 43.3 71.5 56.2 50.7
Growth −12.2% +43.3% +47.6% +65.2% −21.3% −9.9%
Per share
0.17 0.15 0.20 0.26 0.43 0.33 0.31
0.16 0.14 0.18 0.25 0.41 0.32 0.30
Growth −12.5% +28.6% +38.9% +64.0% −22.0% −6.3%
139.7 138.1 148.3 163.9 167.8 170.5 162.8
143.0 145.4 160.3 170.8 173.4 175.1 166.7
Growth +1.7% +10.2% +6.5% +1.6% +0.9% −4.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 25.1% a year over five years, and earnings per share grew 16.5% a year.
  • The diluted share count rose 14.6% in five years, which is dilution.
  • Operating margin is up 1.8 points on five years ago, at 10.6%.
  • Profitable in every one of the 7 years on file.