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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $748M | $141M | $51M | $173M | 4.5% | 13.9% | -9.9% |
| 2024 | $657M | $135M | $56M | $133M | 5.2% | 14.7% | -21.3% |
| 2023 | $573M | $138M | $71M | $103M | 6.7% | 26.6% | 65.2% |
| 2022 | $452M | $95M | $43M | $55M | 4.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 452.42 | 572.54 | 656.85 | 748.29 |
| Operating Revenue | - | 452.42 | 572.54 | 656.85 | 748.29 |
| Cost Of Revenue | - | 77.87 | 106.63 | 116.52 | 133.50 |
| Gross Profit | - | 374.55 | 465.91 | 540.33 | 614.79 |
| Operating Expense | - | 315.53 | 380.18 | 457.91 | 535.59 |
| Research And Development | - | 95.12 | 125.38 | 153.05 | 178.44 |
| Selling General And Administration | - | 186.08 | 213.92 | 259.65 | 300.57 |
| Total Expenses | - | 393.39 | 486.82 | 574.43 | 669.09 |
| Operating Income | - | 59.02 | 85.73 | 82.42 | 79.20 |
| Total Operating Income As Reported | - | 59.02 | 85.73 | 82.42 | 79.20 |
| EBITDA | - | 94.60 | 137.83 | 135.12 | 141.02 |
| Normalized EBITDA | - | 95.70 | 137.49 | 140.45 | 140.35 |
| EBIT | - | 60.27 | 96.94 | 89.91 | 84.44 |
| Interest Income | - | 2.31 | 10.84 | 12.74 | 4.58 |
| Interest Expense | - | 0.90 | 1.07 | 1.12 | 1.73 |
| Net Interest Income | - | 1.40 | 9.78 | 11.63 | 2.85 |
| Other Non Operating Income Expenses | - | 0.05 | 0.04 | 0.07 | -0.01 |
| Other Income Expense | - | -1.06 | 0.38 | -5.26 | 0.66 |
| Interest Income Non Operating | - | 2.31 | 10.84 | 12.74 | 4.58 |
| Interest Expense Non Operating | - | 0.90 | 1.07 | 1.12 | 1.73 |
| Net Non Operating Interest Income Expense | - | 1.40 | 9.78 | 11.63 | 2.85 |
| Pretax Income | - | 59.37 | 95.88 | 88.79 | 82.71 |
| Tax Provision | - | 16.10 | 24.41 | 32.56 | 32.06 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.30 | 0.09 | -1.95 | 0.26 |
| Net Income Continuous Operations | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Net Income From Continuing And Discontinued Operation | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Net Income From Continuing Operation Net Minority Interest | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Net Income | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Net Income Common Stockholders | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Net Income Including Noncontrolling Interests | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Normalized Income | - | 44.07 | 71.21 | 59.60 | 50.24 |
| Diluted NI Availto Com Stockholders | - | 43.27 | 71.47 | 56.23 | 50.65 |
| Basic Average Shares | 148.31 | 163.88 | 167.80 | 170.52 | - |
| Diluted Average Shares | 160.26 | 170.76 | 173.44 | 175.08 | - |
| Reconciled Depreciation | - | 34.33 | 40.88 | 45.22 | 56.58 |
| Reconciled Cost Of Revenue | - | 77.87 | 106.63 | 116.52 | 133.50 |
| Total Unusual Items | - | -1.10 | 0.34 | -5.32 | 0.67 |
| Total Unusual Items Excluding Goodwill | - | -1.10 | 0.34 | -5.32 | 0.67 |
| Special Income Charges | - | 0 | 1.19 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 0 | -1.19 | 0 | 0 |
| Gain On Sale Of Security | - | -1.10 | -0.86 | -5.32 | 0.67 |
| Depreciation Amortization Depletion Income Statement | - | 34.33 | 40.88 | 45.22 | 56.58 |
| Depreciation And Amortization In Income Statement | - | 34.33 | 40.88 | 45.22 | 56.58 |
| General And Administrative Expense | - | 78.67 | 87.97 | 92.15 | 109.74 |
| Other Gand A | - | 78.67 | 87.97 | 92.15 | 109.74 |
| Selling And Marketing Expense | - | 107.42 | 125.95 | 167.51 | 190.83 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| DoubleVerify Holdings, Inc.this co. | DV | $1.6B | 32.03 | 1.43 | 4.5% | 10.37 |
| Rumble Inc. | RUM | $1.8B | -21.63 | 6.44 | -29.8% | -15.63 |
| Ziff Davis, Inc. | ZD | $1.8B | 37.30 | 1.01 | 2.7% | 6.04 |
| Genius Sports Limited | GENI | $1.7B | -15.24 | 2.35 | -15.4% | -20.47 |
| Stagwell Inc. | STGW | $1.7B | 56.98 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.19 |
| 3.8% |
| 7.82 |
| WEBTOON Entertainment Inc. | WBTN | $1.6B | -4.56 | 1.35 | -29.6% | -2.88 |
| Liberty Latin America Ltd. | LILAK | $1.5B | -2.49 | 2.74 | -110.0% | 10.03 |
| Liberty Latin America Ltd. | LILA | $1.5B | -2.47 | 2.72 | -110.0% | 10.02 |
| AMC Entertainment Holdings, Inc. | AMC | $1.5B | -2.34 | -0.78 | 33.4% | 42.59 |
| Peer Median | - | -2.48 | 2.27 | -22.5% | 6.93 | |