DoubleVerify Holdings, Inc.
Business
DoubleVerify Holdings, Inc. is an AI-powered media effectiveness platform that provides digital advertising verification and measurement solutions. The company offers proprietary analytics including the DV Authentic Ad metric, which measures fraud, brand suitability, viewability, and geography for digital ads across programmatic, social, and CTV channels. DoubleVerify serves over 2,500 global brands through solutions delivered via demand-side platforms, ad exchanges, social channels, and publishers, generating revenue from measured transaction fees based on ad volume analyzed.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 748 | 657 | 573 | 452 | 333 | |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 133 | 117 | 107 | 78 | 54 | |
| Product development | 178 | 153 | 125 | 95 | 63 | |
| Sales, marketing and customer support | 191 | 168 | 126 | 107 | 77 | |
| General and administrative | 110 | 92 | 88 | 79 | 81 | |
| Depreciation and amortization | 57 | 45 | 41 | 34 | 30 | |
| Income from operations | 79 | 82 | 86 | 59 | 27 | |
| Interest expense | 2 | 1 | 1 | 905,000 | 1 | |
| Other income, net | −5 | −7 | −11 | −1 | −309,000 | |
| Income before income taxes | 83 | 89 | 96 | 59 | 26 | |
| Income tax expense | 32 | 33 | 24 | 16 | −3 | |
| Net income | 51 | 56 | 71 | 43 | 29 | |
| Basic (per share) | 0.31 | 0.33 | 0.43 | 0.26 | 0.2 | |
| Diluted (per share) | 0.3 | 0.32 | 0.41 | 0.25 | 0.18 | |
| Basic (shares) | 163 | 171 | 168 | 164 | 148 | |
| Diluted (shares) | 167 | 175 | 173 | 171 | 160 | |
| Foreign currency cumulative translation adjustment | 28 | −12 | 4 | −6 | −2 | |
| Total comprehensive income | 79 | 44 | 75 | 38 | 28 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 259 | 293 | 310 | 268 | 222 | |
| Short-term investments | — | 18 | — | — | — | |
| Trade receivables, net of allowances for doubtful accounts of $8,096 and $9,003 as of December 31, 2025 and December 31, 2024, respectively | 221 | 226 | 207 | 167 | 123 | |
| Prepaid expenses and other current assets | 39 | 22 | 16 | 10 | 23 | |
| Total current assets | 519 | 559 | 533 | 445 | 368 | |
| Property, plant and equipment, net | 103 | 70 | 58 | 47 | 18 | |
| Operating lease right-of-use assets, net | 67 | 68 | 60 | 65 | 79 | |
| Goodwill | 516 | 428 | 436 | 343 | 351 | |
| Intangible assets, net | 102 | 110 | 141 | 135 | 153 | |
| Deferred tax assets | 31 | 35 | 13 | 35,000 | 60,000 | |
| Other non-current assets | 16 | 6 | 2 | 2 | 2 | |
| Total assets | 1,354 | 1,276 | 1,243 | 1,037 | 892 | |
| Trade payables | 15 | 12 | 13 | 7 | 4 | |
| Accrued expense | 74 | 55 | 44 | 33 | 41 | |
| Operating lease liabilities, current | 9 | 11 | 9 | 7 | 5 | |
| Income tax liabilities | 4 | 16 | 6 | 12 | 1 | |
| Current portion of finance lease obligations | 7 | 3 | 3 | 2 | 2 | |
| Other current liabilities | 13 | 8 | 9 | 8 | 6 | |
| Total current liabilities | 122 | 103 | 84 | 69 | 57 | |
| Operating lease liabilities, non-current | 78 | 77 | 72 | 74 | 75 | |
| Finance lease obligations | 6 | 812,000 | 3 | 779,000 | 3 | |
| Deferred tax liabilities | 11 | 9 | 8 | 13 | 30 | |
| Other non-current liabilities | 6 | 3 | 3 | 4 | 2 | |
| Total liabilities | 223 | 193 | 169 | 160 | 93 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Common stock, $0.001 par value, 1,000,000 shares authorized, 176,546 shares issued and 161,900 outstanding as of December 31, 2025; 1,000,000 shares authorized, 174,003 shares issued and 167,069 outstanding as of December 31, 2024 | 177,000 | 174,000 | 171,000 | 165,000 | 162,000 | |
| Additional paid-in capital | 1,060 | 974 | 878 | 756 | 717 | |
| Treasury stock, at cost, 14,646 shares and 6,934 shares as of December 31, 2025 and December 31, 2024, respectively | −248 | −132 | −743,000 | −796,000 | −2 | |
| Retained earnings | 306 | 255 | 199 | 128 | 84 | |
| Accumulated other comprehensive income (loss), net of income taxes | 13 | −15 | −3 | −6 | −771,000 | |
| Total stockholders' equity | 1,131 | 1,083 | 1,074 | 877 | 799 | |
| Total liabilities and stockholders' equity | 1,354 | 1,276 | 1,243 | 1,037 | 892 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 51 | 56 | 71 | 43 | 29 | |
| Bad debt expense | 3 | 5 | 10 | 5 | −711,000 | |
| Depreciation and amortization expense | 57 | 45 | 41 | 34 | 30 | |
| Amortization of debt issuance costs | 434,000 | 442,000 | 294,000 | 294,000 | 294,000 | |
| Non-cash lease expense | 8 | 7 | 7 | 7 | — | |
| Deferred taxes | 4 | −22 | −25 | −20 | −8 | |
| Stock-based compensation expense | 104 | 91 | 59 | 42 | 22 | |
| Interest expense, net | 293,000 | 60,000 | 68,000 | 107,000 | 103,000 | |
| Loss on disposal of fixed assets | 101,000 | — | 5,000 | 1 | — | |
| Change in fair value of contingent consideration | — | — | −1 | — | 57,000 | |
| Other | 992,000 | 3 | 492,000 | 87,000 | 733,000 | |
| Trade receivables | 6 | −27 | −44 | −50 | −22 | |
| Prepaid expenses and other assets | −19 | −11 | −6 | 9 | −8 | |
| Trade payables | 2 | −1 | 5 | 3 | −49,000 | |
| Accrued expenses and other liabilities | −7 | 12 | 530,000 | 17 | 16 | |
| Net cash provided by operating activities | 211 | 160 | 120 | 95 | 83 | |
| Purchase of property, plant and equipment | −39 | −27 | −17 | −40 | −9 | |
| Acquisition of businesses, net of cash acquired | −83 | — | −67 | — | −149 | |
| Purchase of short-term investments | — | −100 | — | — | — | |
| Proceeds from maturity of short-term investments | 18 | 82 | — | — | — | |
| Other investing activities | −2 | — | — | — | — | |
| Net cash used in investing activities | −105 | −45 | −84 | −40 | −159 | |
| Proceeds from revolving credit facility | — | — | 50 | — | — | |
| Payments to revolving credit facility | — | — | −50 | — | — | |
| Proceeds from common stock issued upon exercise of stock options | 886,000 | 3 | 11 | 6 | 12 | |
| Proceeds from common stock issued under employee purchase plan | 2 | 4 | 3 | 2 | 404,000 | |
| Finance lease payments | −5 | −2 | −2 | −2 | −2 | |
| Shares repurchased under the Repurchase Program and New Repurchase Program | −132 | −128 | −5 | −10 | −2 | |
| Payment of excise tax on shares repurchased | −668,000 | — | — | — | — | |
| Shares repurchased for settlement of employee tax withholdings | −10 | −6 | −5 | −10 | — | |
| Net cash (used in) provided by financing activities | −144 | −129 | 6 | −8 | 264 | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 4 | −2 | 338,000 | −784,000 | −200,000 | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | −34 | −17 | 42 | 46 | 188 | |
| Cash paid for interest | 1 | 479,000 | 714,000 | 554,000 | 774,000 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities, net of impairments and tenant improvement allowances | 5 | 14 | 3 | 72 | — | |
| Acquisition of equipment under finance lease | 14 | — | 5 | — | 2 | |
| Capital assets financed by accounts payable and accrued expenses | 99,000 | 6,000 | 261,000 | 12,000 | 36,000 | |
| Stock-based compensation included in capitalized software development costs | 5 | 2 | 1 | 480,000 | — | |
| Accrued excise tax on net share repurchases | 884,000 | 668,000 | — | — | — | |
| Common stock issued in connection with acquisition | — | — | 53 | — | 23 | |
| Liabilities for contingent consideration | — | — | 1 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DoubleVerify Holdings, Inc.'s CIK number?
DoubleVerify Holdings, Inc.'s SEC CIK number is 0001819928 (1819928). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DoubleVerify Holdings, Inc.'s SEC filings?
All of DoubleVerify Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DoubleVerify Holdings, Inc. last report earnings?
DoubleVerify Holdings, Inc. (DV) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056247). This is DoubleVerify Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is DoubleVerify Holdings, Inc.'s most recent earnings 8-K?
DoubleVerify Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001104659-26-056247. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DoubleVerify Holdings, Inc.'s latest earnings 8-K →
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