DoubleVerify Holdings, Inc.

DV Communication Services Advertising Agencies

DoubleVerify Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.3 million, up 13.9% from fiscal 2024. In the quarter to June 2026, revenue grew 2.52%, EPS grew 60.0%, free cash flow grew 64.0% and total debt rose 106.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five.

13.49 0.05 −0.37%
Market cap
$2.1B
P/E
37.5×
Fwd P/E
21.3×
Dividend yield
—
F-score
5/9
Altman Z
6.43
Beneish M
−3.05
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.09
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 2 1 1 1 — — — — — — —
Insider Ownership 11.76%

Capital & Financial Ratios $m

Market Cap 2,110.00
Revenue 768.82
Net Income 58.86
Free Cash Flow 160.55
Net Debt (193.78)
Current Ratio 4.50 (at or above 1.5: strong)
Debt/Equity 0.02 (at or below 0.5: strong)
P/E ratio 37.47 (above 35: high)
Fwd P/E 21.30
P/S ratio 2.70
P/B ratio 1.90
Past 5Y EPS Growth 16.37% (at or above 15%: strong)
This Y EPS Growth 49.02% (at or above 15%: strong)
Next Y EPS Growth 29.51% (at or above 15%: strong)
Next Y revenue growth 7.78%
Next 5Y EPS Growth 26.13% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 13.91%
10-year low 10-year high
P/S against its own 10 years 18.55%
10-year low 10-year high
P/B against its own 10 years 19.06%
10-year low 10-year high
EV/Sales against its own 10 years 18.77%
10-year low 10-year high
EV/FCF against its own 10 years 17.25%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2016 0.36
0.18
0.18
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 310 311 259 210
Receivables 207 226 221 215
Inventory — — — —
Other — — — —
533 559 519 471
2023 2024 2025 Q'26
Payables 13 12 15 13
ST’ Debt — — — —
Other 9 8 13 17
84 103 122 105

Compound Annual Growth %

10y 5y 3y
Sales — 25.13% 18.26%
Cash Flow — 58.34% 30.57%
Earnings — 19.88% 5.39%
Book Value — 22.11% 8.86%

Revenue $m

Mar Jun Sep Dec Year
’26 181 194 — — —
’25 165 189 189 206 748
’24 141 156 170 191 657
’23 123 134 144 172 573
’22 97 110 112 134 452
’21 68 77 83 106 333
’20 51 53 61 79 244
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 76 — — —
’25 38 50 51 73 211
’24 32 36 55 37 160
’23 21 11 36 52 120
’22 (2) 29 32 37 95
’21 19 23 16 24 83
’20 13 5 0 3 21
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 66 — — —
’25 31 40 39 62 173
’24 25 29 48 30 133
’23 17 7 31 47 103
’22 (7) 20 18 24 55
’21 18 21 14 20 73
’20 10 3 (2) 0 11
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.04 0.08 — — —
’25 0.01 0.05 0.06 0.18 0.30
’24 0.04 0.04 0.10 0.13 0.32
’23 0.07 0.07 0.08 0.19 0.41
’22 0.03 0.06 0.06 0.10 0.25
’21 0.04 (0.08) 0.05 0.17 0.18
’20 0.02 0.03 0.04 0.06 0.14
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 27.16 17.22 20.38 16.12 7.64

Analyst estimates 2026–2028

Powerpack
High — — — — — 48.42 33.61 42.51 43.00 23.11
People
People Employees — — — — 647 800 598 657 715 1,231
Revenue/emp, $m — — 0.00 0.00 0.38 0.42 0.76 0.87 0.92 0.61
Income, $m
Income, $m Revenue — — 104 183 244 333 452 573 657 748
Gross margin, % — — 82.24 86.40 85.34 83.66 82.79 81.38 82.26 82.16
EBT — — 2 35 17 26 59 96 89 83
EBT margin, % — — 1.90 19.36 7.10 7.76 13.12 16.75 13.52 11.05
Net income — 0 3 23 20 29 43 71 56 51
Depreciation — — 19 22 25 31 35 41 46 57
Per share, $
Per share, $ Revenue — — 0.75 1.31 1.77 2.24 2.76 3.41 3.85 4.60
Earnings — — 0.02 0.17 0.15 0.20 0.26 0.43 0.33 0.31
Cash flow — — 0.09 0.21 0.15 0.56 0.58 0.71 0.94 1.30
Capex — — (0.01) (0.04) (0.07) (0.06) (0.24) (0.10) (0.16) (0.24)
Free cash flow — — 0.07 0.17 0.08 0.49 0.33 0.61 0.78 1.06
Book value — — 0.00 2.28 3.02 5.39 5.35 6.40 6.35 6.95
Shares, m — — 140 140 138 148 164 168 171 163
Valuation, ×
Valuation, × P/E — — 199.23 199.23 199.23 158.48 83.77 83.95 60.03 37.59
P/S — — 17.30 17.30 17.30 14.83 7.89 10.58 4.99 2.49
P/B — — 10.62 10.62 10.62 6.18 4.07 5.64 3.02 1.65
EV/Sales — — 17.22 17.22 17.22 14.18 7.30 10.04 4.52 2.15
EV/FCF — — 231.43 231.43 231.43 64.31 60.18 55.98 22.38 9.32
Cash, $m
Cash, $m Operating cash flow — — 12 29 21 83 95 120 160 211
Capex — — (2) (6) (10) (9) (40) (17) (27) (39)
Free cash flow — — 10 23 11 73 55 103 133 173
Balance, $m
Balance, $m Working capital — — 56 53 108 311 376 449 456 398
Total debt — — 59 77 25 3 1 3 1 6
Net debt — — 29 66 (8) (219) (267) (307) (310) (253)
Shareholders’ equity — — — 318 417 799 877 1,074 1,083 1,131
Returns, %
Returns, % ROA — — 0.00 10.00 4.18 4.18 4.49 6.27 4.46 3.85
ROIC — — 10.91 6.37 3.26 2.88 6.05 6.99 6.66 5.64
ROE — — 1.04 7.63 5.57 4.82 5.16 7.33 5.21 4.57
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

DoubleVerify Holdings, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TTD The Trade Desk $6.2B 14.4× 19.9× +3.03% (above 0%: growing) −22.22% (below 0%: shrinking) +29.84% (above 0%: growing) 74.22% 14.21% Compare
WPP WPP PLC $5.9B 20.3× 7.5× +7.31% (above 0%: growing) −56.60% (below 0%: shrinking) −21.98% (below 0%: shrinking) 14.73% 0.00% Compare
MGNI Magnite, Inc. $3.5B 20.0× 21.5× +11.24% (above 0%: growing) +75.00% (above 0%: growing) +6,786.00% (above 0%: growing) 67.83% 16.19% Compare
STGW Stagwell Inc. $2.2B 128× 20.8× +11.25% (above 0%: growing) n/m −53.97% (below 0%: shrinking) 34.24% 1.47% Compare
DV DoubleVerify Holdings, Inc. $2.1B 37.5× 21.3× +2.52% (above 0%: growing) +60.00% (above 0%: growing) +63.97% (above 0%: growing) 83.24% 11.88%
ZD Ziff Davis, Inc. $2.0B 3.2× 18.8× −2.74% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%) Compare
QNST QuinStreet, Inc. $932.2M 11.4× 12.0× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $879.9M 7.6× 8.2× −11.32% (below 0%: shrinking) −42.50% (below 0%: shrinking) −3.42% (below 0%: shrinking) 51.92% 3.51% Compare
EVC Entravision Communications Corporation $615.6M 211× — (loss-making) +126.24% (above 0%: growing) n/m +294.23% (above 0%: growing) 26.04% 13.15% Compare
Median of peers $2.1B 17.2× 18.8× +9.28% +26.39% +57.22% 43.08% 4.31%

All 42 Advertising Agencies stocks →

DoubleVerify Holdings, Inc. (DV) key facts

  • Strength: DoubleVerify Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.3 million, up 13.9% from fiscal 2024.
  • DoubleVerify Holdings, Inc. (DV) is an Advertising Agencies company in the Communication Services sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, DV traded at $13.49, a market capitalization of $2.1 billion.
  • Return on equity was 4.57% and debt-to-equity 0.02.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.43 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

DoubleVerify Holdings, Inc. (DV) Latest News

stockrow.com/DV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com