Cash flow DoubleVerify Holdings, Inc.

Equities

DV

US25862V1052

Software

Market Closed - Nyse Other stock markets 04:00:02 2026-05-18 pm EDT			5-day change	1st Jan Change
9.270 ^USD	+2.32%		-11.12%	-18.97%

May. 07	DoubleVerify Remains Confident in its Business Momentum, Growth Opportunities, RBC Capital Markets Says	MT
May. 07	DoubleVerify Holdings, Inc., Q1 2026 Earnings Call, May 06, 2026

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Published financial data: DOUBLEVERIFY HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	333M	452M	573M	657M	748M
Total Revenues	333M	452M	573M	657M	748M
Cost of Goods Sold, Total	54.38M	77.87M	107M	117M	133M
Gross Profit	278M	375M	466M	540M	615M
Selling General & Admin Expenses, Total	156M	186M	213M	260M	299M
R&D Expenses	62.7M	95.12M	125M	153M	178M
Depreciation & Amortization - (IS)	30.28M	34.33M	40.88M	45.22M	56.58M
Other Operating Expenses, Total	249M	315M	379M	458M	534M
Operating Income	29.78M	59.22M	86.99M	82.42M	80.6M
Interest Expense, Total	-1.17M	-905K	-1.07M	-1.12M	-1.73M
Interest And Investment Income	-	2.3M	10.84M	12.74M	4.58M
Net Interest Expenses	-1.17M	1.4M	9.78M	11.63M	2.85M
Currency Exchange Gains (Loss)	-	-1.1M	-855K	-5.32M	670K
Other Non Operating Income (Expenses)	366K	49K	37K	68K	-8K
EBT, Excl. Unusual Items	28.98M	59.57M	95.95M	88.79M	84.11M
Merger & Related Restructuring Charges	-3.1M	-200K	-1.26M	-	-1.4M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-57K	-	1.19M	-	-
EBT, Incl. Unusual Items	25.82M	59.37M	95.88M	88.79M	82.71M
Income Tax Expense	-3.49M	16.1M	24.41M	32.56M	32.06M
Earnings From Continuing Operations	29.31M	43.27M	71.47M	56.23M	50.65M
Net Income to Company	29.31M	43.27M	71.47M	56.23M	50.65M
Net Income - (IS)	29.31M	43.27M	71.47M	56.23M	50.65M
Net Income to Common Incl Extra Items	29.31M	43.27M	71.47M	56.23M	50.65M
Net Income to Common Excl. Extra Items	29.31M	43.27M	71.47M	56.23M	50.65M
Per Share Items
Net EPS - Basic	0.2	0.26	0.43	0.33	0.31
Basic EPS - Continuing Operations	0.2	0.26	0.43	0.33	0.31
Basic Weighted Average Shares Outstanding	148M	164M	168M	171M	163M
Net EPS - Diluted	0.18	0.25	0.41	0.32	0.3
Diluted EPS - Continuing Operations	0.18	0.25	0.41	0.32	0.3
Diluted Weighted Average Shares Outstanding	160M	171M	173M	175M	167M
Normalized Basic EPS	0.12	0.23	0.36	0.33	0.32
Normalized Diluted EPS	0.11	0.22	0.35	0.32	0.32
Supplemental Items
EBITDA	56.37M	88.05M	121M	118M	122M
EBITA	48.58M	84.32M	115M	111M	110M
EBIT	29.78M	59.22M	86.99M	82.42M	80.6M
EBITDAR	61.97M	99.43M	131M	131M	135M
Effective Tax Rate - (Ratio)	-13.5	27.12	25.46	36.67	38.76
Current Domestic Taxes	2.33M	35.03M	48.07M	48.38M	21.48M
Current Foreign Taxes	2M	711K	1.4M	5.8M	6.45M
Total Current Taxes	4.33M	35.74M	49.47M	54.18M	27.93M
Deferred Domestic Taxes	-7.79M	-19.79M	-24.5M	-20.6M	2.61M
Deferred Foreign Taxes	-29K	146K	-561K	-1.02M	1.52M
Total Deferred Taxes	-7.82M	-19.64M	-25.06M	-21.62M	4.13M
Normalized Net Income	18.11M	37.23M	59.97M	55.49M	52.57M
Interest on Long-Term Debt	-	139K	223K	212K	757K
Supplemental Operating Expense Items
Advertising Expense	-	-	100K	200K	300K
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	77.31M	107M	126M	168M	191M
General and Administrative Expenses	77.48M	78.47M	86.71M	92.15M	108M
Research And Development Expense From Footnotes	66.4M	101M	133M	163M	194M
Net Rental Expense, Total	5.6M	11.38M	10.44M	12.67M	13.35M
Imputed Operating Lease Interest Expense	3.33M	1.87M	1.05M	1.27M	1.94M
Imputed Operating Lease Depreciation	2.27M	9.51M	9.39M	11.4M	11.41M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	4.37M	15.03M	22.96M	34.8M	39.78M
Stock-Based Comp., S&M Exp. (Total)	6.38M	14.26M	18.3M	27.8M	32.83M
Stock-Based Comp., G&A Exp. (Total)	11.14M	13.01M	17.99M	28.05M	31.62M
Total Stock-Based Compensation	21.89M	42.31M	59.24M	90.66M	104M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	222M	268M	310M	293M	259M
Short Term Investments	-	-	-	17.8M	-
Total Cash And Short Term Investments	222M	268M	310M	311M	259M
Accounts Receivable, Total	123M	167M	207M	226M	221M
Total Receivables	123M	167M	207M	226M	221M
Prepaid Expenses	8.76M	7.64M	15.8M	22.17M	39.13M
Restricted Cash	134K	125K	126K	33K	-
Other Current Assets, Total	14.4M	2.4M	-	-	-
Total Current Assets	368M	445M	533M	559M	519M
Gross Property Plant And Equipment	44.35M	138M	156M	192M	253M
Accumulated Depreciation	-26.77M	-26.4M	-37.8M	-54.19M	-82.69M
Net Property Plant And Equipment	17.58M	112M	118M	138M	170M
Goodwill	351M	343M	436M	428M	516M
Other Intangibles, Total	153M	135M	141M	110M	102M
Deferred Tax Assets Long-Term	60K	35K	13.08M	35.49M	30.92M
Deferred Charges Long-Term	1.1M	800K	500K	-	1.6M
Other Long-Term Assets, Total	1.68M	931K	1.07M	5.78M	14.42M
Total Assets	892M	1.04B	1.24B	1.28B	1.35B
Liabilities
Accounts Payable, Total	3.85M	6.68M	12.93M	11.6M	14.66M
Accrued Expenses, Total	41.46M	33.08M	52.66M	62.43M	79.15M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.97M	8.89M	11.96M	13.56M	16.04M
Current Income Taxes Payable	1.32M	11.95M	5.83M	15.59M	3.83M
Unearned Revenue Current, Total	-	-	-	-	5.5M
Other Current Liabilities	8.43M	8.31M	463K	300K	2.38M
Total Current Liabilities	57.03M	68.91M	83.86M	103M	122M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	2.58M	74.86M	74.43M	78.11M	83.51M
Deferred Tax Liability Non Current	30.31M	12.89M	8.12M	8.51M	11.47M
Other Non Current Liabilities	3.21M	3.5M	2.69M	2.65M	6.21M
Total Liabilities	93.13M	160M	169M	193M	223M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	162K	165K	171K	174K	177K
Additional Paid In Capital	717M	756M	878M	974M	1.06B
Retained Earnings	84.25M	128M	199M	255M	306M
Treasury Stock	-1.8M	-796K	-743K	-132M	-248M
Comprehensive Income and Other	-771K	-6.33M	-2.8M	-14.69M	13.34M
Total Common Equity	799M	877M	1.07B	1.08B	1.13B
Total Equity	799M	877M	1.07B	1.08B	1.13B
Total Liabilities And Equity	892M	1.04B	1.24B	1.28B	1.35B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	163M	166M	171M	166M	162M
ECS Total Common Shares Outstanding	162M	165M	171M	167M	162M
Book Value / Share	4.92	5.3	6.27	6.49	6.99
Tangible Book Value	295M	398M	497M	545M	514M
Tangible Book Value Per Share	1.82	2.41	2.9	3.27	3.17
Total Debt	4.55M	83.75M	86.39M	91.67M	99.55M
Net Debt	-217M	-184M	-224M	-219M	-159M
Debt Equivalent Oper. Leases	44.8M	91.04M	83.51M	101M	107M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7.68M	9.43M	10.38M	14.7M	18.92M
Full Time Employees	800	902	1.1K	1.2K	1.23K
Assets under Capital Lease - Gross	12.3M	12.3M	17.8M	17.8M	31.6M
Assets under Capital Lease - Accumulated Depreciation	-10M	-11.2M	-12.9M	-15M	-20.9M
Accumulated Allowance for Doubtful Accounts (Supple)	6.53M	8.89M	9.44M	9M	8.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	29.31M	43.27M	71.47M	56.23M	50.65M
Depreciation & Amortization - CF	7.78M	3.73M	5.48M	6.72M	11.48M
Amortization of Goodwill and Intangible Assets - (CF)	18.8M	25.1M	28.1M	28.7M	29.8M
Depreciation & Amortization, Total	26.58M	28.83M	33.58M	35.42M	41.28M
Amortization of Deferred Charges, Total - (CF)	26.07M	5.79M	7.59M	10.24M	15.73M
(Gain) Loss From Sale Of Asset	-	1.35M	5K	-	101K
Asset Writedown & Restructuring Costs	-	1.51M	-	-	-
Stock-Based Compensation (CF)	21.89M	42.31M	59.24M	90.66M	104M
Provision and Write-off of Bad Debts	-711K	5.03M	10.08M	4.99M	3.19M
Other Operating Activities, Total	-6.97M	-12.05M	-18.95M	-11.09M	13.04M
Change In Accounts Receivable	-22M	-49.76M	-43.69M	-26.7M	6.45M
Change In Accounts Payable	-49K	2.88M	5.48M	-1.07M	2.31M
Change in Other Net Operating Assets	8.64M	25.7M	-5.06M	985K	-25.8M
Cash from Operations	82.75M	94.86M	120M	160M	211M
Capital Expenditure	-9.4M	-39.98M	-17.01M	-27.15M	-38.53M
Cash Acquisitions	-149M	-	-67.24M	-	-82.58M
Investment in Marketable and Equity Securities, Total	-	-	-	-17.69M	17.75M
Other Investing Activities, Total	-	-	-	-	-2.02M
Cash from Investing	-159M	-39.98M	-84.25M	-44.84M	-105M
Short Term Debt Issued, Total	-	-	50M	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	50M	-	-
Short Term Debt Repaid, Total	-	-	-50M	-	-
Long-Term Debt Repaid, Total	-23.92M	-1.92M	-2.31M	-2.48M	-4.55M
Total Debt Repaid	-23.92M	-1.92M	-52.31M	-2.48M	-4.55M
Issuance of Common Stock	312M	7.54M	13.39M	6.85M	3.34M
Repurchase of Common Stock	-1.8M	-10.24M	-4.59M	-134M	-143M
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-22.12M	-3.25M	-	-	-
Cash from Financing	264M	-7.88M	6.49M	-129M	-144M
Foreign Exchange Rate Adjustments	-200K	-784K	338K	-1.89M	4.44M
Net Change in Cash	188M	46.21M	42.32M	-16.52M	-33.71M
Supplemental Items
Cash Interest Paid	774K	554K	714K	479K	1.2M
Cash Income Tax Paid (Refund)	7.7M	12.35M	60.88M	41.93M	60.9M
Levered Free Cash Flow	67.93M	47.31M	103M	152M	176M
Unlevered Free Cash Flow	68.37M	47.58M	104M	153M	176M
Change In Net Working Capital	15.09M	26.09M	33.72M	7.52M	-3.74M
Net Debt Issued / Repaid	-23.92M	-1.92M	-2.31M	-2.48M	-4.55M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.65	3.84	4.77	4.09	3.83
Return on Total Capital	2.98	4.2	5.13	4.41	4.19
Return On Equity %	4.82	5.16	7.33	5.21	4.57
Return on Common Equity	4.82	5.16	7.33	5.21	4.57
Margin Analysis
Gross Profit Margin %	83.66	82.79	81.38	82.26	82.16
SG&A Margin	46.76	41.09	37.14	39.53	39.98
EBITDA Margin %	16.94	19.46	21.06	17.94	16.29
EBITA Margin %	14.6	18.64	20.1	16.92	14.75
EBIT Margin %	8.95	13.09	15.19	12.55	10.77
Income From Continuing Operations Margin %	8.81	9.56	12.48	8.56	6.77
Net Income Margin %	8.81	9.56	12.48	8.56	6.77
Net Avail. For Common Margin %	8.81	9.56	12.48	8.56	6.77
Normalized Net Income Margin	5.44	8.23	10.47	8.45	7.02
Levered Free Cash Flow Margin	20.42	10.46	18.06	23.21	23.49
Unlevered Free Cash Flow Margin	20.55	10.52	18.12	23.25	23.57
Asset Turnover
Asset Turnover	0.47	0.47	0.5	0.52	0.57
Fixed Assets Turnover	18.65	7	4.97	5.12	4.86
Receivables Turnover (Average Receivables)	3.06	3.12	3.06	3.03	3.35
Short Term Liquidity
Current Ratio	6.45	6.46	6.36	5.4	4.27
Quick Ratio	6.04	6.31	6.17	5.19	3.95
Operating Cash Flow to Current Liabilities	1.45	1.38	1.43	1.54	1.74
Days Sales Outstanding (Average Receivables)	119.36	117.01	119.23	120.68	109.11
Average Days Payable Outstanding	24.66	24.68	33.56	38.53	35.9
Long Term Solvency
Total Debt/Equity	0.57	9.55	8.04	8.46	8.8
Total Debt / Total Capital	0.57	8.72	7.45	7.8	8.09
LT Debt/Equity	0.32	8.54	6.93	7.21	7.38
Long-Term Debt / Total Capital	0.32	7.79	6.41	6.65	6.78
Total Liabilities / Total Assets	10.44	15.44	13.6	15.1	16.45
EBIT / Interest Expense	25.41	65.44	81.6	73.72	46.51
EBITDA / Interest Expense	48.1	109.87	122.9	116.73	78.03
(EBITDA - Capex) / Interest Expense	40.08	65.69	106.95	92.45	55.8
Total Debt / EBITDA	0.08	0.84	0.66	0.7	0.74
Net Debt / EBITDA	-3.85	-1.85	-1.71	-1.68	-1.18
Total Debt / (EBITDA - Capex)	0.1	1.41	0.76	0.89	1.03
Net Debt / (EBITDA - Capex)	-4.62	-3.1	-1.96	-2.12	-1.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.42	35.97	26.55	14.72	13.92
Gross Profit, 1 Yr. Growth %	33.72	34.56	24.39	15.97	13.78
EBITDA, 1 Yr. Growth %	29.14	56.21	34.63	-2.27	2.99
EBITA, 1 Yr. Growth %	26.67	73.56	34.08	-3.45	-1.09
EBIT, 1 Yr. Growth %	45.61	98.84	43.23	-5.25	-2.8
Earnings From Cont. Operations, 1 Yr. Growth %	43.29	47.63	65.17	-21.32	-9.93
Net Income, 1 Yr. Growth %	43.29	47.63	65.17	-21.32	-9.93
Normalized Net Income, 1 Yr. Growth %	87.44	105.56	57.09	-7.46	-5.8
Diluted EPS Before Extra, 1 Yr. Growth %	28.57	38.89	64	-21.95	-6.25
Accounts Receivable, 1 Yr. Growth %	29.85	35.94	23.83	9.32	-2.24
Net Property, Plant and Equip., 1 Yr. Growth %	-2.94	535.71	6.05	16.39	23.4
Total Assets, 1 Yr. Growth %	74.48	16.23	19.86	2.67	6.1
Tangible Book Value, 1 Yr. Growth %	340.29	35.01	24.76	9.74	-5.82
Common Equity, 1 Yr. Growth %	92.04	9.74	22.48	0.89	4.42
Cash From Operations, 1 Yr. Growth %	290.03	14.64	26.23	33.34	32.27
Capital Expenditures, 1 Yr. Growth %	-3.63	325.47	-57.46	59.62	41.92
Levered Free Cash Flow, 1 Yr. Growth %	300.1	-30.36	114.29	47.45	15.04
Unlevered Free Cash Flow, 1 Yr. Growth %	245.73	-30.41	113.86	47.16	15.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	34.97	36.19	31.17	20.49	14.32
Gross Profit, 2 Yr. CAGR %	32.81	34.14	29.37	20.11	14.87
EBITDA, 2 Yr. CAGR %	-3.49	42.03	46.25	14.83	0.52
EBITA, 2 Yr. CAGR %	-7.03	48.27	53.91	13.91	-2.08
EBIT, 2 Yr. CAGR %	-12.73	70.16	70.9	16.69	-3.76
Earnings From Cont. Operations, 2 Yr. CAGR %	12.14	45.45	56.16	14	-15.81
Net Income, 2 Yr. CAGR %	12.14	45.45	56.16	14	-15.81
Normalized Net Income, 2 Yr. CAGR %	-8.06	96.29	81.96	20.77	-6.39
Diluted EPS Before Extra, 2 Yr. CAGR %	6.07	33.63	50.92	13.14	-14.46
Accounts Receivable, 2 Yr. CAGR %	33.79	32.86	29.74	16.35	3.38
Net Property, Plant and Equip., 2 Yr. CAGR %	28.2	148.4	159.65	11.1	19.85
Total Assets, 2 Yr. CAGR %	38.33	42.41	18.04	10.93	4.37
Tangible Book Value, 2 Yr. CAGR %	138.93	143.81	29.78	17.01	1.66
Common Equity, 2 Yr. CAGR %	58.51	45.17	15.93	11.16	2.64
Cash From Operations, 2 Yr. CAGR %	67.67	111.45	20.29	29.74	32.8
Capital Expenditures, 2 Yr. CAGR %	25.75	102.49	34.54	-17.6	50.51
Levered Free Cash Flow, 2 Yr. CAGR %	70.05	66.92	23.37	77.98	30.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	60.79	55.11	23.2	77.63	30.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	47.21	35.3	32.9	25.44	18.26
Gross Profit, 3 Yr. CAGR %	48.05	33.39	30.81	24.74	17.96
EBITDA, 3 Yr. CAGR %	32.5	13.32	40.31	27.86	10.9
EBITA, 3 Yr. CAGR %	31.82	14.48	44.24	31.75	8.84
EBIT, 3 Yr. CAGR %	74.47	14.84	62.01	40.39	10.01
Earnings From Cont. Operations, 3 Yr. CAGR %	109.73	22.9	51.74	24.26	5.39
Net Income, 3 Yr. CAGR %	109.73	22.9	51.74	24.26	5.39
Normalized Net Income, 3 Yr. CAGR %	125.56	20.22	83.77	45.24	11.38
Diluted EPS Before Extra, 3 Yr. CAGR %	99.24	16.04	43.07	21.14	6.27
Accounts Receivable, 3 Yr. CAGR %	47.82	34.5	29.78	22.54	9.79
Net Property, Plant and Equip., 3 Yr. CAGR %	18.59	118.61	87.04	98.72	15.06
Total Assets, 3 Yr. CAGR %	30.5	30.53	34.46	12.67	9.3
Tangible Book Value, 3 Yr. CAGR %	123.54	97.53	95.01	22.72	8.84
Common Equity, 3 Yr. CAGR %	39.73	40.23	37.17	10.68	8.86
Cash From Operations, 3 Yr. CAGR %	90.03	47.71	78.04	24.49	30.57
Capital Expenditures, 3 Yr. CAGR %	78.94	88.78	20.38	42.43	-1.23
Levered Free Cash Flow, 3 Yr. CAGR %	-	26.28	82.61	30.93	53.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	21.63	73.77	30.72	53.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	40.57	29.17	25.13
Gross Profit, 5 Yr. CAGR %	-	-	40.28	27.91	24.18
EBITDA, 5 Yr. CAGR %	-	-	37.84	14.26	22.8
EBITA, 5 Yr. CAGR %	-	-	40.25	14.61	23.55
EBIT, 5 Yr. CAGR %	-	-	73.03	16.08	31.55
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	86.39	19.26	19.88
Net Income, 5 Yr. CAGR %	-	-	86.39	19.26	19.88
Normalized Net Income, 5 Yr. CAGR %	-	-	106.99	20.97	40.32
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	78.29	14.87	16.47
Accounts Receivable, 5 Yr. CAGR %	-	-	40.31	26.92	18.49
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	62.25	66.76	56.54
Total Assets, 5 Yr. CAGR %	-	-	25.36	22.31	21.5
Tangible Book Value, 5 Yr. CAGR %	-	-	79.85	60.2	50.28
Common Equity, 5 Yr. CAGR %	-	-	29.67	27.78	22.15
Cash From Operations, 5 Yr. CAGR %	-	-	58.27	40.24	58.34
Capital Expenditures, 5 Yr. CAGR %	-	-	59.65	35.5	31.63
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	45.36	59.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	42.01	54.91