DoubleVerify Holdings, Inc. Goodwill & Intangibles Disclosure
5. Goodwill and Intangible Assets
The following is a summary of changes to the goodwill carrying value from January 1, 2024 through December 31, 2025:
(in thousands) | |||
Goodwill as of January 1, 2024 | | $ | 436,008 |
Measurement period adjustments | (300) | ||
Foreign exchange impact |
| (8,087) | |
Goodwill as of December 31, 2024 | 427,621 | ||
Business combinations (Rockerbox) | 71,259 | ||
Foreign exchange impact | 17,122 | ||
Goodwill as of December 31, 2025 | $ | 516,002 |
The Company completed its analyses for each of the years ended December 31, 2025, 2024 and 2023 and determined that there was no impairment of Goodwill.
The following table summarizes the Company’s intangible assets and related accumulated amortization:
December 31, 2025 | December 31, 2024 | |||||||||||||||||
Gross | Net | Gross | Net | |||||||||||||||
Carrying | Accumulated | Carrying | Carrying | Accumulated | Carrying | |||||||||||||
(in thousands) | | Amount | | Amortization | | Amount | | Amount | | Amortization | | Amount | ||||||
Trademarks and brands | $ | 11,737 | $ | (6,718) | $ | 5,019 | $ | 11,732 | $ | (5,966) | $ | 5,766 | ||||||
Customer relationships | 169,275 | (92,323) | 76,952 | 159,919 | (76,961) | 82,958 | ||||||||||||
Developed technology | 105,687 | (86,042) | 19,645 | 91,556 | (69,924) | 21,632 | ||||||||||||
Total intangible assets | $ | 286,699 | $ | (185,083) | $ | 101,616 | $ | 263,207 | $ | (152,851) | $ | 110,356 | ||||||
Amortization expense related to intangible assets amounted to $29.8 million, $28.7 million, and $28.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Estimated future expected amortization expense of intangible assets as of December 31, 2025 is as follows:
(in thousands) | | ||
2026 | $ | 25,975 | |
2027 |
| 21,910 | |
2028 |
| 18,519 | |
2029 | 13,964 | ||
2030 |
| 7,247 | |
Thereafter |
| 14,001 | |
Total | $ | 101,616 |
The weighted-average remaining useful life by major asset classes as of December 31, 2025 is as follows:
| (In years) | |
Trademarks and brands | 7 | |
Customer relationships | 5 | |
Developed technology |
| 2 |
There were no impairments of Intangible assets identified during the years ended December 31, 2025, 2024 or 2023.
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.