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.

Revenue
+9.02%
EPS
+66.7%
Free cash flow
+17.0%
Total debt
+114.9%

Quarter to September 2026, against a year earlier

13.55 0.00 0.00%
Market cap
$2.1B
P/E
33.9×
Fwd P/E
30.0×
Dividend yield
—
F-score
5/9
Altman Z
6.43
Beneish M
−3.05
Dividend safety
n/a

DoubleVerify Holdings, Inc. (DV) Free cash flow margin

Alert me on Free cash flow margin

DoubleVerify Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 21.3%, down 1.8 percentage points from fiscal 2025 (23.1%). Over the past ten years it has ranged from 4.70% (fiscal 2020) to 23.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Advertising Agencies industry median of 0.00% and above the Communication Services sector median of 1.75%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 23.1% 2.90
FY2024 20.2% 2.23
FY2023 17.9% 5.81
FY2022 12.1% (9.91)
FY2021 22.0% 17.34
FY2020 4.70% (8.16)
FY2019 12.9% 2.87
FY2018 9.99% —

Against its own ten years

Low 4.70% High 23.1%
Ten-year median 15.4%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
MGNI Magnite, Inc. compare 29.2%
TTD The Trade Desk compare 28.9%
ZD Ziff Davis, Inc. compare 23.9%
DV DoubleVerify Holdings, Inc. 21.3%
QNST QuinStreet, Inc. compare 9.04%
STGW Stagwell Inc. compare 8.66%
CRTO Criteo S.A. compare 7.28%
WPP WPP PLC compare 0.00%
LFTO Liftoff Mobile, Inc compare —
Advertising Agencies industry median 0.00%
Communication Services sector median 1.75%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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