DoubleVerify (DV) Financials

$13.72 +0.33 (+2.46%)

Closing price 03:59 PM Eastern

Extended Trading

$13.68 -0.04 (-0.26%)

As of 06:14 PM Eastern

Annual Income Statements for DoubleVerify

This table shows DoubleVerify's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	44	75	38	28	22	23
Consolidated Net Income / (Loss)	56	71	43	29	20	23
Net Income / (Loss) Continuing Operations	56	71	43	29	20	23
Total Pre-Tax Income	89	96	59	26	17	35
Total Operating Income	82	86	59	27	21	39
Total Gross Profit	540	466	375	278	208	158
Total Revenue	657	573	452	333	244	183
Operating Revenue	657	573	452	333	244	183
Total Cost of Revenue	117	107	78	54	36	25
Operating Cost of Revenue	117	107	78	54	36	25
Total Operating Expenses	458	380	316	252	187	119
Selling, General & Admin Expense	92	88	79	81	53	27
Marketing Expense	168	126	107	77	62	38
Research & Development Expense	153	125	95	63	47	32
Depreciation Expense	45	41	34	30	25	22
Total Other Income / (Expense), net	6.37	10	0.34	-0.86	-4.05	-3.74
Interest Expense	1.12	1.07	0.91	1.17	4.93	5.20
Other Income / (Expense), net	7.49	11	1.25	0.31	0.89	1.46
Income Tax Expense	33	24	16	-3.49	-3.14	12
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	12	-3.52	5.56	1.78	-1.08	-
Basic Earnings per Share	$0.33	$0.43	$0.26	$0.20	$0.15	$0.17
Weighted Average Basic Shares Outstanding	170.52M	167.80M	163.88M	148.31M	138.07M	139.65M
Diluted Earnings per Share	$0.32	$0.41	$0.25	$0.18	$0.14	$0.16
Weighted Average Diluted Shares Outstanding	175.08M	173.44M	170.76M	160.26M	145.44M	143.05M
Weighted Average Basic & Diluted Shares Outstanding	166.01M	171.25M	165.54M	162.65M	-	-

This table shows DoubleVerify's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	9.85	8.87	27	5.66	2.53	42	6.93	12	13	24	5.70
Consolidated Net Income / (Loss)	2.36	23	18	7.47	7.16	33	13	13	12	18	10
Net Income / (Loss) Continuing Operations	2.36	23	18	7.47	7.16	33	13	13	12	18	10
Total Pre-Tax Income	9.52	37	30	13	8.94	42	20	17	18	30	14
Total Operating Income	6.76	39	26	11	6.90	38	18	15	15	29	14
Total Gross Profit	134	156	140	130	114	142	118	108	99	111	93
Total Revenue	165	191	170	156	141	172	144	134	123	134	112
Operating Revenue	165	191	170	156	141	172	144	134	123	134	112
Total Cost of Revenue	31	34	29	26	27	30	26	26	24	23	19
Operating Cost of Revenue	31	34	29	26	27	30	26	26	24	23	19
Total Operating Expenses	127	118	114	119	107	105	99	93	83	82	79
Selling, General & Admin Expense	27	24	23	23	22	25	23	20	20	18	19
Marketing Expense	44	44	41	45	38	36	33	32	26	29	27
Research & Development Expense	45	38	39	40	36	33	32	32	29	26	24
Depreciation Expense	12	12	11	11	11	12	11	9.68	8.98	8.88	8.09
Total Other Income / (Expense), net	2.76	-1.37	3.87	1.83	2.04	4.10	1.35	2.23	2.48	1.45	-0.46
Interest Expense	0.42	0.30	0.35	0.23	0.23	0.28	0.29	0.25	0.26	0.22	0.23
Other Income / (Expense), net	3.18	-1.07	4.23	2.06	2.27	4.37	1.63	2.48	2.73	1.67	-0.23
Income Tax Expense	7.16	14	11	5.41	1.78	8.64	6.23	4.03	5.51	12	3.61
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-7.49	15	-9.08	1.81	4.63	-9.12	6.42	0.38	-1.19	-6.28	4.63
Basic Earnings per Share	$0.01	$0.14	$0.11	$0.04	$0.04	$0.20	$0.08	$0.08	$0.07	$0.11	$0.06
Weighted Average Basic Shares Outstanding	165.12M	170.52M	170.25M	171.63M	171.31M	167.80M	168.61M	166.54M	165.63M	163.88M	164.30M
Diluted Earnings per Share	$0.01	$0.14	$0.10	$0.04	$0.04	$0.19	$0.08	$0.07	$0.07	$0.10	$0.06
Weighted Average Diluted Shares Outstanding	168.94M	175.08M	173.91M	175.96M	176.12M	173.44M	173.98M	172.49M	171.66M	170.76M	170.88M
Weighted Average Basic & Diluted Shares Outstanding	162.50M	166.01M	169.17M	170.04M	171.80M	171.25M	169.99M	167.40M	166.29M	165.54M	164.88M

This table details how cash moves in and out of DoubleVerify's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	-17	42	46	188	22	-19
Net Cash From Operating Activities	160	120	95	83	21	29
Net Cash From Continuing Operating Activities	160	120	95	83	21	29
Net Income / (Loss) Continuing Operations	56	71	43	29	20	23
Consolidated Net Income / (Loss)	56	71	43	29	20	23
Depreciation Expense	45	41	34	30	25	22
Amortization Expense	0.44	0.29	0.29	0.29	0.29	0.30
Non-Cash Adjustments To Reconcile Net Income	103	76	58	43	15	5.27
Changes in Operating Assets and Liabilities, net	-45	-69	-41	-20	-39	-21
Net Cash From Investing Activities	-45	-84	-40	-159	-9.75	-63
Net Cash From Continuing Investing Activities	-45	-84	-40	-159	-9.75	-63
Purchase of Property, Plant & Equipment	-27	-17	-40	-9.40	-9.75	-5.94
Acquisitions	0.00	-67	0.00	-149	0.00	-57
Purchase of Investments	-100	0.00	0.00	-	-	-
Sale and/or Maturity of Investments	82	0.00	0.00	-	-	-
Net Cash From Financing Activities	-129	6.49	-7.88	264	10	15
Net Cash From Continuing Financing Activities	-129	6.49	-7.88	264	10	15
Repayment of Debt	0.00	-50	0.00	-22	-143	-2.27
Repurchase of Common Equity	-128	0.00	-0.01	-24	-3.61	0.00
Issuance of Debt	0.00	50	0.00	0.00	90	20
Issuance of Common Equity	3.53	2.72	1.73	300	0.42	0.00
Other Financing Activities, net	-4.98	3.77	-9.61	11	-1.26	-2.61
Effect of Exchange Rate Changes	-1.89	0.34	-0.78	-0.20	0.20	-
Cash Interest Paid	0.48	0.71	0.55	0.77	3.37	4.66
Cash Income Taxes Paid	42	61	12	7.70	16	1.96

This table details how cash moves in and out of DoubleVerify's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-136	-19	56	-45	-8.12	51	-36	9.70	18	25	19
Net Cash From Operating Activities	38	37	55	36	32	52	36	11	21	37	32
Net Cash From Continuing Operating Activities	38	37	55	36	32	52	36	11	21	37	32
Net Income / (Loss) Continuing Operations	2.36	23	18	7.47	7.16	33	13	13	12	18	10
Consolidated Net Income / (Loss)	2.36	23	18	7.47	7.16	33	13	13	12	18	10
Depreciation Expense	12	12	11	11	11	12	11	9.68	8.98	8.88	8.09
Amortization Expense	0.11	0.11	0.19	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Non-Cash Adjustments To Reconcile Net Income	28	27	27	26	23	21	21	19	15	14	14
Changes in Operating Assets and Liabilities, net	-4.78	-25	-2.36	-8.71	-9.17	-14	-9.35	-31	-15	-4.91	-0.88
Net Cash From Investing Activities	-90	25	26	-57	-39	-4.70	-72	-3.57	-4.10	-12	-14
Net Cash From Continuing Investing Activities	-90	25	26	-57	-39	-4.70	-72	-3.57	-4.10	-12	-14
Purchase of Property, Plant & Equipment	-6.29	-7.36	-6.23	-7.17	-6.39	-4.70	-4.64	-3.57	-4.10	-12	-14
Acquisitions	-83	-	-	-	-	-	-67	-	-	-	-
Purchase of Investments	0.00	-18	-	-50	-32	-	-	-	0.00	-	-
Other Investing Activities, net	-1.00	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-86	-79	-26	-24	-0.91	2.84	0.53	2.65	0.47	0.66	1.52
Net Cash From Continuing Financing Activities	-86	-79	-26	-24	-0.91	2.84	0.53	2.65	0.47	0.66	1.52
Repurchase of Common Equity	-82	-78	-25	-23	-1.79	-	-	0.79	-0.79	9.68	-0.49
Other Financing Activities, net	-3.51	-2.84	-0.69	-2.33	0.88	1.26	0.53	0.72	1.25	-9.99	2.01
Effect of Exchange Rate Changes	1.53	-2.04	1.00	-0.47	-0.38	0.73	-0.40	-0.12	0.13	0.23	-0.28
Cash Interest Paid	0.04	0.05	0.08	0.28	0.07	0.29	0.04	0.12	0.27	0.04	0.24
Cash Income Taxes Paid	2.37	5.79	6.65	28	1.32	8.15	11	40	1.71	2.14	9.05

This table presents DoubleVerify's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	1,276	1,243	1,037	892	511
Total Current Assets	559	533	445	368	142
Cash & Equivalents	293	310	268	222	33
Short-Term Investments	18	0.00	-	-	-
Accounts Receivable	226	207	167	123	95
Prepaid Expenses	22	16	10	23	14
Plant, Property, & Equipment, net	70	58	47	18	18
Total Noncurrent Assets	647	652	545	507	351
Goodwill	428	436	343	351	227
Intangible Assets	110	141	135	153	122
Noncurrent Deferred & Refundable Income Taxes	35	13	0.04	0.06	0.08
Other Noncurrent Operating Assets	73	62	66	2.78	2.15
Total Liabilities & Shareholders' Equity	1,276	1,243	1,037	892	511
Total Liabilities	193	169	160	93	95
Total Current Liabilities	103	84	69	57	34
Accounts Payable	12	13	6.68	3.85	3.50
Accrued Expenses	55	44	33	41	25
Current Deferred & Payable Income Tax Liabilities	16	5.83	12	1.32	1.28
Other Current Liabilities	22	21	17	8.69	1.12
Total Noncurrent Liabilities	89	85	91	36	61
Capital Lease Obligations	0.81	2.87	0.78	2.58	3.45
Noncurrent Deferred & Payable Income Tax Liabilities	8.51	8.12	13	30	31
Other Noncurrent Operating Liabilities	80	74	78	3.21	3.75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,083	1,074	877	799	417
Total Preferred & Common Equity	1,083	1,074	877	799	417
Total Common Equity	1,083	1,074	877	799	416
Common Stock	975	879	756	717	621
Retained Earnings	255	199	128	84	55
Treasury Stock	-132	-0.74	-0.80	-1.80	-261
Accumulated Other Comprehensive Income / (Loss)	-15	-2.80	-6.33	-0.77	1.01

This table presents DoubleVerify's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,249	1,312	1,273	1,260	1,175	1,083	1,065	1,001
Total Current Assets	422	580	560	550	469	492	477	405
Cash & Equivalents	156	312	256	302	259	295	286	243
Short-Term Investments	18	51	83	32	-	-	-	-
Accounts Receivable	213	193	188	196	191	176	174	141
Prepaid Expenses	34	24	33	20	19	21	17	21
Plant, Property, & Equipment, net	86	67	65	61	56	55	49	43
Total Noncurrent Assets	741	665	649	649	650	536	539	554
Goodwill	505	438	431	433	431	344	344	337
Intangible Assets	122	120	125	133	147	123	129	141
Noncurrent Deferred & Refundable Income Taxes	35	32	24	17	7.98	4.90	0.04	0.06
Other Noncurrent Operating Assets	79	76	68	67	63	64	66	76
Total Liabilities & Shareholders' Equity	1,249	1,312	1,273	1,260	1,175	1,083	1,065	1,001
Total Liabilities	217	182	167	163	164	148	162	161
Total Current Liabilities	114	88	80	75	75	66	76	58
Short-Term Debt	7.21	11	10	9.84	-	-	-	0.00
Accounts Payable	13	13	11	13	9.64	8.84	11	12
Accrued Expenses	42	47	44	34	42	37	25	31
Current Deferred & Payable Income Tax Liabilities	24	0.70	0.83	6.06	0.00	0.00	23	0.00
Other Current Liabilities	28	17	14	12	23	20	17	15
Total Noncurrent Liabilities	103	94	88	88	89	82	86	104
Noncurrent Deferred & Payable Income Tax Liabilities	8.35	9.64	7.03	7.51	9.33	1.13	7.53	24
Other Noncurrent Operating Liabilities	95	3.04	2.82	2.75	76	77	78	78
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,032	1,131	1,105	1,097	1,011	934	903	840
Total Preferred & Common Equity	1,032	1,131	1,105	1,097	1,011	934	903	840
Total Common Equity	1,032	1,131	1,105	1,097	1,011	934	903	840
Common Stock	999	950	926	900	858	788	769	744
Retained Earnings	258	232	214	206	166	153	140	109
Treasury Stock	-217	-51	-25	-1.15	-0.40	-0.53	-0.67	-1.00
Accumulated Other Comprehensive Income / (Loss)	-7.20	-0.16	-9.24	-7.43	-12	-5.51	-5.13	-13

This table displays calculated financial ratios and metrics derived from DoubleVerify's official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	14.72%	26.55%	35.97%	36.42%	33.53%	0.00%
EBITDA Growth	-1.85%	45.55%	64.83%	22.18%	-24.82%	0.00%
EBIT Growth	-7.26%	60.84%	123.29%	21.37%	-45.17%	0.00%
NOPAT Growth	-18.32%	48.55%	42.03%	20.03%	-2.10%	0.00%
Net Income Growth	-21.32%	65.17%	47.63%	43.29%	-12.25%	0.00%
EPS Growth	-21.95%	64.00%	38.89%	28.57%	-12.50%	0.00%
Operating Cash Flow Growth	33.34%	26.23%	14.64%	290.03%	-27.92%	0.00%
Free Cash Flow Firm Growth	148.66%	-721.17%	110.69%	63.76%	0.00%	0.00%
Invested Capital Growth	0.91%	25.72%	4.82%	41.38%	0.00%	0.00%
Revenue Q/Q Growth	2.88%	7.23%	6.62%	8.79%	0.00%	0.00%
EBITDA Q/Q Growth	-2.88%	11.62%	17.54%	30.87%	0.00%	0.00%
EBIT Q/Q Growth	-4.60%	13.79%	29.07%	76.64%	0.00%	0.00%
NOPAT Q/Q Growth	-9.31%	24.31%	-20.76%	184.98%	0.00%	0.00%
Net Income Q/Q Growth	-14.72%	26.65%	-19.14%	221.01%	0.00%	0.00%
EPS Q/Q Growth	-13.51%	28.13%	-21.88%	200.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-8.42%	14.93%	14.74%	33.87%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	197.02%	12.01%	112.04%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-10.00%	1.48%	1.90%	38.55%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	82.26%	81.38%	82.79%	83.66%	85.34%	86.40%
EBITDA Margin	20.64%	24.12%	20.98%	17.30%	19.32%	34.31%
Operating Margin	12.55%	14.97%	13.05%	8.02%	8.76%	21.41%
EBIT Margin	13.69%	16.93%	13.32%	8.11%	9.12%	22.21%
Profit (Net Income) Margin	8.56%	12.48%	9.56%	8.81%	8.39%	12.76%
Tax Burden Percent	63.33%	74.54%	72.88%	113.50%	118.16%	65.91%
Interest Burden Percent	98.76%	98.90%	98.50%	95.66%	77.83%	87.18%
Effective Tax Rate	36.67%	25.46%	27.12%	-13.50%	-18.16%	34.09%
Return on Invested Capital (ROIC)	6.78%	9.28%	7.22%	6.10%	12.26%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.47%	6.65%	7.12%	6.98%	196.36%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-1.56%	-1.96%	-2.06%	-1.28%	-2.45%	0.00%
Return on Equity (ROE)	5.21%	7.33%	5.16%	4.82%	9.82%	0.00%
Cash Return on Invested Capital (CROIC)	5.87%	-13.51%	2.51%	-28.19%	-187.74%	0.00%
Operating Return on Assets (OROA)	7.14%	8.50%	6.25%	3.85%	4.35%	0.00%
Return on Assets (ROA)	4.46%	6.27%	4.49%	4.18%	4.00%	0.00%
Return on Common Equity (ROCE)	5.21%	7.33%	5.16%	4.82%	9.80%	0.00%
Return on Equity Simple (ROE_SIMPLE)	5.19%	6.65%	4.93%	3.67%	4.91%	0.00%
Net Operating Profit after Tax (NOPAT)	52	64	43	30	25	26
NOPAT Margin	7.95%	11.16%	9.51%	9.10%	10.35%	14.11%
Net Nonoperating Expense Percent (NNEP)	1.31%	2.63%	0.10%	-0.88%	-184.09%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	4.81%	5.93%	4.90%	-	-	-
Cost of Revenue to Revenue	17.74%	18.62%	17.21%	16.34%	14.66%	13.60%
SG&A Expenses to Revenue	14.03%	15.37%	17.39%	24.46%	21.75%	14.73%
R&D to Revenue	23.30%	21.90%	21.02%	18.84%	19.27%	17.30%
Operating Expenses to Revenue	69.71%	66.40%	69.74%	75.64%	76.59%	64.99%
Earnings before Interest and Taxes (EBIT)	90	97	60	27	22	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	136	138	95	58	47	63
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	3.00	5.82	4.13	6.61	0.87	0.00
Price to Tangible Book Value (P/TBV)	5.96	12.58	9.09	17.89	5.37	0.00
Price to Revenue (P/Rev)	4.95	10.92	8.00	15.87	1.48	1.97
Price to Earnings (P/E)	73.29	83.37	96.01	191.80	16.72	15.45
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.36%	1.20%	1.04%	0.52%	5.98%	6.47%
Enterprise Value to Invested Capital (EV/IC)	3.80	7.75	5.50	8.70	0.86	0.00
Enterprise Value to Revenue (EV/Rev)	4.48	10.38	7.41	15.21	1.46	0.00
Enterprise Value to EBITDA (EV/EBITDA)	21.69	43.04	35.34	87.93	7.54	0.00
Enterprise Value to EBIT (EV/EBIT)	32.70	61.32	55.64	187.54	15.98	0.00
Enterprise Value to NOPAT (EV/NOPAT)	56.32	93.03	77.96	167.14	14.08	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.41	49.65	35.35	61.18	16.75	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	65.01	0.00	224.12	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.01	0.07	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.06	0.00
Financial Leverage	-0.29	-0.29	-0.29	-0.18	-0.01	0.00
Leverage Ratio	1.17	1.17	1.15	1.15	1.23	0.00
Compound Leverage Factor	1.15	1.16	1.13	1.10	0.96	0.00
Debt to Total Capital	0.07%	0.27%	0.09%	0.53%	6.33%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.21%	0.61%	0.00%
Long-Term Debt to Total Capital	0.07%	0.27%	0.09%	0.32%	5.72%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.14%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.93%	99.73%	99.91%	99.47%	93.53%	0.00%
Debt to EBITDA	0.01	0.02	0.01	0.07	0.60	0.00
Net Debt to EBITDA	-2.29	-2.22	-2.81	-3.77	-0.11	0.00
Long-Term Debt to EBITDA	0.01	0.02	0.01	0.04	0.54	0.00
Debt to NOPAT	0.02	0.04	0.02	0.14	1.12	0.00
Net Debt to NOPAT	-5.94	-4.81	-6.21	-7.17	-0.21	0.00
Long-Term Debt to NOPAT	0.02	0.04	0.02	0.09	1.01	0.00
Altman Z-Score	11.57	23.56	14.80	35.04	3.31	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.05%	0.15%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	5.40	6.36	6.46	6.45	4.17	0.00
Quick Ratio	5.19	6.17	6.31	6.04	3.76	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	45	-93	15	-140	-386	0.00
Operating Cash Flow to CapEx	588.10%	703.99%	237.27%	880.59%	217.58%	495.25%
Free Cash Flow to Firm to Interest Expense	40.45	-87.19	16.53	-119.44	-78.33	0.00
Operating Cash Flow to Interest Expense	142.81	112.33	104.82	70.60	4.30	5.66
Operating Cash Flow Less CapEx to Interest Expense	118.53	96.37	60.64	62.59	2.33	4.52
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.52	0.50	0.47	0.47	0.48	0.00
Accounts Receivable Turnover	3.03	3.06	3.12	3.06	2.58	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.25	10.90	14.00	18.65	13.47	0.00
Accounts Payable Turnover	9.50	10.88	14.79	14.80	10.23	0.00
Days Sales Outstanding (DSO)	120.35	119.23	117.01	119.36	141.68	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.42	33.56	24.68	24.66	35.68	0.00
Cash Conversion Cycle (CCC)	81.93	85.68	92.33	94.70	105.99	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	774	767	610	582	412	0.00
Invested Capital Turnover	0.85	0.83	0.76	0.67	1.19	0.00
Increase / (Decrease) in Invested Capital	6.97	157	28	170	412	0.00
Enterprise Value (EV)	2,940	5,945	3,354	5,062	355	0.00
Market Capitalization	3,250	6,252	3,621	5,279	360	360
Book Value per Share	$6.40	$6.32	$5.32	$5.04	$3.01	$0.00
Tangible Book Value per Share	$3.22	$2.92	$2.42	$1.86	$0.49	$0.00
Total Capital	1,084	1,077	878	803	445	0.00
Total Debt	0.81	2.87	0.78	4.30	28	0.00
Total Long-Term Debt	0.81	2.87	0.78	2.58	25	0.00
Net Debt	-310	-307	-267	-217	-5.19	0.00
Capital Expenditures (CapEx)	27	17	40	9.40	9.75	5.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	145	139	108	91	77	0.00
Debt-free Net Working Capital (DFNWC)	456	449	376	313	111	0.00
Net Working Capital (NWC)	456	449	376	311	108	0.00
Net Nonoperating Expense (NNE)	-4.03	-7.57	-0.25	0.98	4.78	2.47
Net Nonoperating Obligations (NNO)	-310	-307	-267	-217	-5.19	0.00
Total Depreciation and Amortization (D&A)	46	41	35	31	25	22
Debt-free, Cash-free Net Working Capital to Revenue	22.07%	24.28%	23.95%	27.32%	31.68%	0.00%
Debt-free Net Working Capital to Revenue	69.36%	78.45%	83.15%	93.92%	45.35%	0.00%
Net Working Capital to Revenue	69.36%	78.45%	83.15%	93.40%	44.24%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	$0.43	$0.26	$0.20	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	170.52M	167.80M	163.88M	148.31M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.32	$0.41	$0.25	$0.18	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	175.08M	173.44M	170.76M	160.26M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	166.01M	171.25M	165.54M	162.65M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	52	64	43	19	15	26
Normalized NOPAT Margin	7.95%	11.16%	9.51%	5.61%	6.13%	14.11%
Pre Tax Income Margin	13.52%	16.75%	13.12%	7.76%	7.10%	19.36%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	80.42	90.94	66.60	23.03	4.51	7.80
NOPAT to Interest Expense	46.69	59.94	47.53	25.84	5.12	4.95
EBIT Less CapEx to Interest Expense	56.14	74.99	22.42	15.01	2.53	6.65
NOPAT Less CapEx to Interest Expense	22.40	43.99	3.36	17.82	3.14	3.81
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.17%	10.18%	0.30%
Augmented Payout Ratio	227.63%	0.00%	0.01%	81.62%	27.83%	0.30%

This table displays calculated financial ratios and metrics derived from DoubleVerify's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.25%	10.68%	17.77%	16.56%	14.84%	28.88%	28.26%	21.80%	26.75%	26.63%	35.09%
EBITDA Growth	11.25%	-7.50%	35.79%	-9.97%	-25.29%	36.67%	37.26%	25.48%	126.34%	56.50%	17.46%
EBIT Growth	8.45%	-10.32%	50.73%	-23.41%	-48.90%	38.80%	40.26%	31.46%	537.68%	81.31%	23.80%
NOPAT Growth	-69.63%	-18.74%	27.27%	-42.46%	-47.25%	73.60%	16.50%	5.26%	106.39%	-37.59%	27.65%
Net Income Growth	-67.01%	-29.32%	36.37%	-41.79%	-41.22%	83.22%	29.19%	24.77%	165.89%	-36.17%	30.38%
EPS Growth	-75.00%	-26.32%	25.00%	-42.86%	-42.86%	90.00%	33.33%	16.67%	133.33%	-41.18%	20.00%
Operating Cash Flow Growth	18.53%	-28.18%	53.78%	234.15%	48.30%	42.61%	11.66%	-62.71%	1,052.69%	50.12%	96.30%
Free Cash Flow Firm Growth	94.01%	113.61%	38.90%	-534.34%	-7,798.20%	-1,069.78%	13.87%	83.15%	98.52%	92.39%	59.21%
Invested Capital Growth	1.80%	0.91%	13.79%	32.96%	37.67%	25.72%	26.24%	7.26%	2.21%	4.82%	42.52%
Revenue Q/Q Growth	-13.41%	12.42%	8.77%	10.73%	-18.26%	19.63%	7.65%	9.10%	-8.26%	19.05%	2.23%
EBITDA Q/Q Growth	-54.75%	19.15%	72.05%	19.94%	-62.38%	74.91%	14.07%	-0.47%	-31.18%	75.67%	4.28%
EBIT Q/Q Growth	-73.61%	25.81%	128.39%	43.05%	-78.18%	111.47%	16.06%	-4.56%	-40.74%	113.69%	8.78%
NOPAT Q/Q Growth	-93.09%	53.35%	146.74%	16.10%	-81.50%	140.18%	11.55%	6.44%	-39.13%	61.18%	0.79%
Net Income Q/Q Growth	-89.91%	28.56%	143.52%	4.44%	-78.38%	148.03%	3.96%	5.45%	-32.62%	74.89%	0.40%
EPS Q/Q Growth	-92.86%	40.00%	150.00%	0.00%	-78.95%	137.50%	14.29%	0.00%	-30.00%	66.67%	0.00%
Operating Cash Flow Q/Q Growth	0.75%	-31.56%	52.24%	12.93%	-38.96%	46.54%	230.81%	-49.88%	-41.30%	14.74%	10.47%
Free Cash Flow Firm Q/Q Growth	-178.64%	119.57%	56.99%	9.54%	-9.40%	12.18%	-346.50%	-1,026.35%	73.52%	93.53%	12.65%
Invested Capital Q/Q Growth	11.85%	-10.00%	0.59%	0.53%	0.33%	1.48%	17.54%	4.09%	1.25%	1.90%	-0.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.24%	82.00%	82.61%	83.26%	81.09%	82.57%	81.62%	80.42%	80.46%	82.92%	82.79%
EBITDA Margin	13.59%	26.01%	24.55%	15.52%	14.33%	31.13%	21.29%	20.09%	22.02%	29.35%	19.89%
Operating Margin	4.10%	20.33%	15.17%	7.09%	4.90%	21.86%	12.67%	10.95%	12.40%	21.40%	12.83%
EBIT Margin	6.02%	19.77%	17.66%	8.41%	6.51%	24.40%	13.80%	12.80%	14.63%	22.65%	12.62%
Profit (Net Income) Margin	1.43%	12.28%	10.73%	4.79%	5.08%	19.22%	9.27%	9.60%	9.93%	13.52%	9.20%
Tax Burden Percent	24.80%	62.60%	61.50%	58.03%	80.09%	79.31%	68.16%	76.09%	68.86%	60.13%	74.11%
Interest Burden Percent	95.78%	99.20%	98.82%	98.22%	97.47%	99.35%	98.55%	98.56%	98.57%	99.26%	98.40%
Effective Tax Rate	75.20%	37.40%	38.50%	41.97%	19.91%	20.69%	31.84%	23.91%	31.14%	39.87%	25.89%
Return on Invested Capital (ROIC)	0.81%	10.85%	7.38%	3.37%	3.16%	14.42%	6.81%	6.74%	6.69%	9.77%	7.92%
ROIC Less NNEP Spread (ROIC-NNEP)	0.48%	11.13%	6.47%	2.98%	2.54%	13.29%	6.44%	6.08%	6.00%	9.41%	8.04%
Return on Net Nonoperating Assets (RNNOA)	-0.09%	-3.18%	-1.59%	-0.79%	-0.68%	-3.91%	-1.73%	-1.78%	-1.73%	-2.72%	-2.84%
Return on Equity (ROE)	0.71%	7.67%	5.78%	2.58%	2.48%	10.51%	5.08%	4.96%	4.96%	7.05%	5.09%
Cash Return on Invested Capital (CROIC)	3.74%	5.87%	-5.77%	-21.05%	-23.66%	-13.51%	-15.60%	0.97%	5.80%	2.51%	-24.41%
Operating Return on Assets (OROA)	3.27%	10.31%	9.07%	4.38%	3.31%	12.25%	6.77%	6.25%	6.89%	10.62%	5.93%
Return on Assets (ROA)	0.78%	6.40%	5.51%	2.50%	2.58%	9.65%	4.55%	4.68%	4.68%	6.34%	4.32%
Return on Common Equity (ROCE)	0.71%	7.67%	5.78%	2.58%	2.48%	10.51%	5.08%	4.96%	4.96%	7.05%	5.09%
Return on Equity Simple (ROE_SIMPLE)	4.98%	0.00%	5.83%	5.53%	6.06%	0.00%	5.58%	5.72%	5.63%	0.00%	6.37%
Net Operating Profit after Tax (NOPAT)	1.68	24	16	6.41	5.52	30	12	11	10	17	11
NOPAT Margin	1.02%	12.73%	9.33%	4.11%	3.92%	17.33%	8.63%	8.33%	8.54%	12.87%	9.50%
Net Nonoperating Expense Percent (NNEP)	0.33%	-0.28%	0.90%	0.39%	0.61%	1.13%	0.37%	0.66%	0.69%	0.36%	-0.12%
Return On Investment Capital (ROIC_SIMPLE)	0.16%	2.24%	-	-	-	2.77%	-	-	-	1.96%	-
Cost of Revenue to Revenue	18.76%	18.00%	17.39%	16.74%	18.91%	17.43%	18.38%	19.58%	19.54%	17.08%	17.21%
SG&A Expenses to Revenue	16.07%	12.57%	13.59%	14.80%	15.68%	14.37%	16.17%	14.77%	16.47%	13.52%	17.28%
R&D to Revenue	27.09%	19.69%	23.18%	25.53%	25.85%	18.91%	22.45%	23.88%	23.29%	19.74%	21.32%
Operating Expenses to Revenue	77.14%	61.67%	67.44%	76.17%	76.20%	60.71%	68.95%	69.47%	68.06%	61.51%	69.96%
Earnings before Interest and Taxes (EBIT)	9.94	38	30	13	9.17	42	20	17	18	30	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	50	42	24	20	54	31	27	27	39	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	3.00	2.53	3.03	5.49	5.82	4.63	6.93	5.53	4.13	5.34
Price to Tangible Book Value (P/TBV)	5.47	5.96	5.00	6.10	11.33	12.58	10.81	13.84	11.61	9.09	12.37
Price to Revenue (P/Rev)	3.26	4.95	4.49	5.46	10.19	10.92	8.76	12.89	10.44	8.00	10.57
Price to Earnings (P/E)	42.96	73.29	36.85	58.32	93.86	83.37	81.93	115.82	103.82	96.01	113.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.33%	1.36%	2.71%	1.71%	1.07%	1.20%	1.22%	0.86%	0.96%	1.04%	0.88%
Enterprise Value to Invested Capital (EV/IC)	2.37	3.80	3.02	3.62	6.79	7.75	5.85	9.62	7.62	5.50	7.09
Enterprise Value to Revenue (EV/Rev)	3.01	4.48	4.06	5.05	9.77	10.38	8.28	12.31	9.84	7.41	10.00
Enterprise Value to EBITDA (EV/EBITDA)	14.89	21.69	18.57	24.06	43.98	43.04	35.75	53.55	42.79	35.34	52.58
Enterprise Value to EBIT (EV/EBIT)	22.63	32.70	27.51	36.76	65.49	61.32	51.92	77.75	62.40	55.64	90.90
Enterprise Value to NOPAT (EV/NOPAT)	43.34	56.32	45.05	57.05	97.80	93.03	86.05	124.76	96.52	77.96	78.19
Enterprise Value to Operating Cash Flow (EV/OCF)	12.40	18.41	14.87	19.93	44.39	49.65	42.45	61.51	39.69	35.35	51.34
Enterprise Value to Free Cash Flow (EV/FCFF)	63.97	65.01	0.00	0.00	0.00	0.00	0.00	1,028.24	132.91	224.12	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.00	0.08	0.08	0.08	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.07	0.07	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.19	-0.29	-0.25	-0.27	-0.27	-0.29	-0.27	-0.29	-0.29	-0.29	-0.35
Leverage Ratio	1.18	1.17	1.16	1.15	1.16	1.17	1.18	1.17	1.18	1.15	1.15
Compound Leverage Factor	1.13	1.16	1.15	1.13	1.13	1.16	1.16	1.16	1.17	1.14	1.13
Debt to Total Capital	0.69%	0.07%	7.50%	7.39%	7.37%	0.27%	0.34%	0.42%	0.00%	0.09%	0.13%
Short-Term Debt to Total Capital	0.69%	0.00%	0.88%	0.85%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.07%	6.62%	6.55%	6.54%	0.27%	0.34%	0.42%	0.00%	0.09%	0.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.31%	99.93%	92.50%	92.61%	92.63%	99.73%	99.66%	99.58%	100.00%	99.91%	99.87%
Debt to EBITDA	0.05	0.01	0.66	0.69	0.67	0.02	0.03	0.03	0.00	0.01	0.01
Net Debt to EBITDA	-1.21	-2.29	-1.94	-1.95	-1.88	-2.22	-2.07	-2.53	0.00	-2.81	-2.99
Long-Term Debt to EBITDA	0.00	0.01	0.58	0.61	0.59	0.02	0.03	0.03	0.00	0.01	0.01
Debt to NOPAT	0.15	0.02	1.59	1.63	1.48	0.04	0.07	0.08	0.00	0.02	0.02
Net Debt to NOPAT	-3.53	-5.94	-4.71	-4.62	-4.18	-4.81	-4.98	-5.88	0.00	-6.21	-4.45
Long-Term Debt to NOPAT	0.00	0.02	1.41	1.44	1.31	0.04	0.07	0.08	0.00	0.02	0.02
Altman Z-Score	7.31	11.44	10.71	13.19	23.32	23.41	18.24	27.34	19.66	14.70	17.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.72	5.40	6.57	7.04	7.30	6.36	6.28	7.43	6.27	6.46	7.01
Quick Ratio	3.42	5.19	6.30	6.62	7.03	6.17	6.02	7.12	6.05	6.31	6.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	17	-88	-205	-227	-127	-145	-32	-2.88	-11	-168
Operating Cash Flow to CapEx	599.16%	508.14%	876.24%	500.78%	497.01%	1,107.55%	765.89%	300.62%	522.71%	297.68%	225.41%
Free Cash Flow to Firm to Interest Expense	-32.37	57.62	-250.28	-881.68	-978.84	-461.79	-502.09	-131.11	-11.23	-48.46	-742.85
Operating Cash Flow to Interest Expense	89.67	124.61	154.75	154.00	136.96	189.29	123.34	43.47	83.70	162.95	140.76
Operating Cash Flow Less CapEx to Interest Expense	74.71	100.09	137.09	123.24	109.40	172.20	107.24	29.01	67.68	108.21	78.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.52	0.51	0.52	0.51	0.50	0.49	0.49	0.47	0.47	0.47
Accounts Receivable Turnover	3.33	3.03	3.33	3.37	3.19	3.06	3.22	3.16	3.10	3.12	3.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.28	10.25	10.37	10.27	10.77	10.90	10.87	12.59	14.07	14.00	14.33
Accounts Payable Turnover	9.52	9.50	9.75	11.23	9.33	10.88	8.99	12.41	11.72	14.79	8.86
Days Sales Outstanding (DSO)	109.59	120.35	109.76	108.32	114.28	119.23	113.52	115.61	117.63	117.01	101.91
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.32	38.42	37.43	32.49	39.13	33.56	40.61	29.41	31.14	24.68	41.21
Cash Conversion Cycle (CCC)	71.26	81.93	72.33	75.83	75.15	85.68	72.91	86.21	86.50	92.33	60.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	865	774	860	855	850	767	755	643	617	610	598
Invested Capital Turnover	0.79	0.85	0.79	0.82	0.81	0.83	0.79	0.81	0.78	0.76	0.83
Increase / (Decrease) in Invested Capital	15	6.97	104	212	233	157	157	44	13	28	179
Enterprise Value (EV)	2,052	2,940	2,593	3,094	5,774	5,945	4,423	6,180	4,705	3,354	4,245
Market Capitalization	2,220	3,250	2,864	3,345	6,021	6,252	4,679	6,472	4,991	3,621	4,486
Book Value per Share	$6.22	$6.40	$6.65	$6.43	$6.41	$6.32	$6.04	$5.62	$5.46	$5.32	$5.12
Tangible Book Value per Share	$2.44	$3.22	$3.37	$3.19	$3.10	$2.92	$2.58	$2.81	$2.60	$2.42	$2.21
Total Capital	1,040	1,084	1,222	1,193	1,184	1,077	1,015	938	903	878	841
Total Debt	7.21	0.81	92	88	87	2.87	3.41	3.94	0.00	0.78	1.12
Total Long-Term Debt	0.00	0.81	81	78	77	2.87	3.41	3.94	0.00	0.78	1.12
Net Debt	-167	-310	-271	-251	-247	-307	-256	-291	-286	-267	-242
Capital Expenditures (CapEx)	6.29	7.36	6.23	7.17	6.39	4.70	4.64	3.57	4.10	12	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	141	145	139	151	150	139	135	130	115	108	105
Debt-free Net Working Capital (DFNWC)	315	456	502	490	485	449	395	426	401	376	347
Net Working Capital (NWC)	308	456	491	480	475	449	395	426	401	376	347
Net Nonoperating Expense (NNE)	-0.68	0.86	-2.38	-1.06	-1.63	-3.25	-0.92	-1.70	-1.71	-0.87	0.34
Net Nonoperating Obligations (NNO)	-167	-310	-271	-251	-247	-307	-256	-291	-286	-267	-242
Total Depreciation and Amortization (D&A)	12	12	12	11	11	12	11	9.75	9.06	8.96	8.16
Debt-free, Cash-free Net Working Capital to Revenue	20.73%	22.07%	21.85%	24.69%	25.47%	24.28%	25.36%	25.98%	24.03%	23.95%	24.70%
Debt-free Net Working Capital to Revenue	46.32%	69.36%	78.64%	79.97%	82.07%	78.45%	73.90%	84.80%	83.77%	83.15%	81.89%
Net Working Capital to Revenue	45.26%	69.36%	76.95%	78.32%	80.40%	78.45%	73.90%	84.80%	83.77%	83.15%	81.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.14	$0.11	$0.04	$0.04	$0.20	$0.08	$0.08	$0.07	$0.11	$0.06
Adjusted Weighted Average Basic Shares Outstanding	165.12M	170.52M	170.25M	171.63M	171.31M	167.80M	168.61M	166.54M	165.63M	163.88M	164.30M
Adjusted Diluted Earnings per Share	$0.01	$0.14	$0.10	$0.04	$0.04	$0.19	$0.08	$0.07	$0.07	$0.10	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	168.94M	175.08M	173.91M	175.96M	176.12M	173.44M	173.98M	172.49M	171.66M	170.76M	170.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	162.50M	166.01M	169.17M	170.04M	171.80M	171.25M	169.99M	167.40M	166.29M	165.54M	164.88M
Normalized Net Operating Profit after Tax (NOPAT)	4.73	24	16	6.41	5.52	30	12	11	10	17	11
Normalized NOPAT Margin	2.87%	12.73%	9.33%	4.11%	3.92%	17.33%	8.63%	8.33%	8.54%	12.87%	9.50%
Pre Tax Income Margin	5.77%	19.61%	17.46%	8.26%	6.35%	24.24%	13.60%	12.62%	14.42%	22.48%	12.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	23.67	125.60	84.84	56.28	39.51	152.79	68.99	69.31	70.07	135.14	62.68
NOPAT to Interest Expense	3.99	80.87	44.82	27.52	23.80	108.56	43.16	45.11	40.89	76.78	47.21
EBIT Less CapEx to Interest Expense	8.70	101.07	67.18	25.53	11.96	135.69	52.89	54.85	54.06	80.40	0.23
NOPAT Less CapEx to Interest Expense	-10.97	56.34	27.16	-3.23	-3.75	91.47	27.06	30.65	24.88	22.04	-15.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	408.74%	227.63%	82.87%	48.48%	8.41%	0.00%	0.99%	1.97%	19.61%	0.01%	18.62%

Frequently Asked Questions About DoubleVerify's Financials

When does DoubleVerify's fiscal year end?

According to the most recent income statement we have on file, DoubleVerify's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has DoubleVerify's net income changed over the last 5 years?

DoubleVerify's net income appears to be on an upward trend, with a most recent value of $56.23 million in 2024, rising from $23.31 million in 2019. The previous period was $71.47 million in 2023. Find out what analysts predict for DoubleVerify in the coming months.

What is DoubleVerify's operating income?

DoubleVerify's total operating income in 2024 was $82.42 million, based on the following breakdown:

Total Gross Profit: $540.33 million
Total Operating Expenses: $457.91 million

How has DoubleVerify revenue changed over the last 5 years?

Over the last 5 years, DoubleVerify's total revenue changed from $182.66 million in 2019 to $656.85 million in 2024, a change of 259.6%.

How much debt does DoubleVerify have?

DoubleVerify's total liabilities were at $192.75 million at the end of 2024, a 14.0% increase from 2023, and a 103.7% increase since 2020.

How much cash does DoubleVerify have?

In the past 4 years, DoubleVerify's cash and equivalents has ranged from $33.35 million in 2020 to $310.13 million in 2023, and is currently $292.82 million as of their latest financial filing in 2024.

How has DoubleVerify's book value per share changed over the last 5 years?

Over the last 5 years, DoubleVerify's book value per share changed from 0.00 in 2019 to 6.40 in 2024, a change of 640.5%.

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This page (NYSE:DV) was last updated on 5/30/2025 by MarketBeat.com Staff

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DoubleVerify (DV) Financials

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DoubleVerify (DV) Financials

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