DVNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
DoubleVerify Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$13.51+0.02 (+0.15%)
Close on Oct 19, 2026
- Market cap
- $2.13B
- P/E (TTM)
- 37.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
82.2%−3.2 pts over 5 years
Operating margin
10.6%+1.8 pts over 5 years
Net margin
6.8%−1.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.9% | +18.3% | +25.1% | – | |
| Gross profit | +13.8% | +18.0% | +24.2% | – | |
| Operating income | -3.9% | +10.3% | +30.0% | – | |
| Net income | -9.9% | +5.4% | +19.9% | – | |
| EPS, diluted | -6.3% | +6.3% | +16.5% | – | |
| Free cash flow | +30.3% | +46.5% | +72.0% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 5.6% | 4.6% | |
| Return on assets | – | – | 3.9% | |
| Current ratio | – | 4.17 | 4.27 | |
| Interest coverage | – | 4.3× | 45.7× | |
| Capex to revenue | – | 4.0% | 5.1% | |
| Diluted shares | – | 145M | 167M |
Where the cash went
Fiscal 2021 to 2025, five years combined
DoubleVerify generated $668.20M from operations and spent $409.00M on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$668.20M
Used
$409.00M
Capital expenditure$132.07M32%Dividends$00%Share buybacks$276.94M68%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.8%
×Asset turnover0.57×
×Equity multiplier1.19×
=Return on equity, FY20254.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.8% | 0.57× | 1.19× | 4.6% |
| FY2024 | 8.6% | 0.52× | 1.17× | 5.2% |
| FY2023 | 12.5% | 0.50× | 1.17× | 7.3% |
| FY2022 | 9.6% | 0.47× | 1.15× | 5.2% |
| FY2021 | 8.8% | 0.47× | 1.15× | 4.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$50.65M
- Cash generatingOperating cash flow above zero$211.18M
- Return on assets improvedROA up on the prior year4.5% → 4.0%
- Earnings backed by cashOperating cash flow above net income$211.18M vs $50.65M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.40 → 4.27
- No dilutionShare count did not rise175M → 167M
- Gross margin improvedGross margin up on the prior year82.26% → 82.16%
- More efficientAsset turnover rose0.53 → 0.59