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DoubleVerify (DV) Financials

DoubleVerify logo
$13.16 +0.48 (+3.74%)
As of 04/24/2025 03:53 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
Annual Income Statements for DoubleVerify

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

Quarterly Income Statements for DoubleVerify

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

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

Annual Cash Flow Statements for DoubleVerify

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

Quarterly Cash Flow Statements for DoubleVerify

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
19 25 18 9.70 -36 51 -8.12 -45 56 -19
Net Cash From Operating Activities
32 37 21 11 36 52 32 36 55 37
Net Cash From Continuing Operating Activities
32 37 21 11 36 52 32 36 55 37
Net Income / (Loss) Continuing Operations
10 18 12 13 13 33 7.16 7.47 18 23
Consolidated Net Income / (Loss)
10 18 12 13 13 33 7.16 7.47 18 23
Depreciation Expense
8.09 8.88 8.98 9.68 11 12 11 11 11 12
Amortization Expense
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.19 0.11
Non-Cash Adjustments To Reconcile Net Income
14 14 15 19 21 21 23 26 27 27
Changes in Operating Assets and Liabilities, net
-0.88 -4.91 -15 -31 -9.35 -14 -9.17 -8.71 -2.36 -25
Net Cash From Investing Activities
-14 -12 -4.10 -3.57 -72 -4.70 -39 -57 26 25
Net Cash From Continuing Investing Activities
-14 -12 -4.10 -3.57 -72 -4.70 -39 -57 26 25
Purchase of Property, Plant & Equipment
-14 -12 -4.10 -3.57 -4.64 -4.70 -6.39 -7.17 -6.23 -7.36
Purchase of Investments
- - 0.00 - - - -32 -50 - -18
Sale and/or Maturity of Investments
- - - - - - - - - 50
Net Cash From Financing Activities
1.52 0.66 0.47 2.65 0.53 2.84 -0.91 -24 -26 -79
Net Cash From Continuing Financing Activities
1.52 0.66 0.47 2.65 0.53 2.84 -0.91 -24 -26 -79
Repurchase of Common Equity
-0.49 9.68 -0.79 0.79 - - -1.79 -23 -25 -78
Issuance of Common Equity
- 0.97 - - - 1.59 - - - 1.62
Other Financing Activities, net
2.01 -9.99 1.25 0.72 0.53 1.26 0.88 -2.33 -0.69 -2.84
Effect of Exchange Rate Changes
-0.28 0.23 0.13 -0.12 -0.40 0.73 -0.38 -0.47 1.00 -2.04
Cash Interest Paid
0.24 0.04 0.27 0.12 0.04 0.29 0.07 0.28 0.08 0.05
Cash Income Taxes Paid
9.05 2.14 1.71 40 11 8.15 1.32 28 6.65 5.79

Annual Balance Sheets for DoubleVerify

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

Quarterly Balance Sheets for DoubleVerify

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
1,001 1,065 1,083 1,175 1,260 1,273 1,312
Total Current Assets
405 477 492 469 550 560 580
Cash & Equivalents
243 286 295 259 302 256 312
Short-Term Investments
- - - - 32 83 51
Accounts Receivable
141 174 176 191 196 188 193
Prepaid Expenses
21 17 21 19 20 33 24
Plant, Property, & Equipment, net
43 49 55 56 61 65 67
Total Noncurrent Assets
554 539 536 650 649 649 665
Goodwill
337 344 344 431 433 431 438
Intangible Assets
141 129 123 147 133 125 120
Noncurrent Deferred & Refundable Income Taxes
0.06 0.04 4.90 7.98 17 24 32
Other Noncurrent Operating Assets
76 66 64 63 67 68 76
Total Liabilities & Shareholders' Equity
1,001 1,065 1,083 1,175 1,260 1,273 1,312
Total Liabilities
161 162 148 164 163 167 182
Total Current Liabilities
58 76 66 75 75 80 88
Short-Term Debt
0.00 - - - 9.84 10 11
Accounts Payable
12 11 8.84 9.64 13 11 13
Accrued Expenses
31 25 37 42 34 44 47
Current Deferred & Payable Income Tax Liabilities
0.00 23 0.00 0.00 6.06 0.83 0.70
Other Current Liabilities
15 17 20 23 12 14 17
Total Noncurrent Liabilities
104 86 82 89 88 88 94
Capital Lease Obligations
1.12 - 3.94 3.41 77 78 81
Noncurrent Deferred & Payable Income Tax Liabilities
24 7.53 1.13 9.33 7.51 7.03 9.64
Other Noncurrent Operating Liabilities
78 78 77 76 2.75 2.82 3.04
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
840 903 934 1,011 1,097 1,105 1,131
Total Preferred & Common Equity
840 903 934 1,011 1,097 1,105 1,131
Total Common Equity
840 903 934 1,011 1,097 1,105 1,131
Common Stock
744 769 788 858 900 926 950
Retained Earnings
109 140 153 166 206 214 232
Treasury Stock
-1.00 -0.67 -0.53 -0.40 -1.15 -25 -51
Accumulated Other Comprehensive Income / (Loss)
-13 -5.13 -5.51 -12 -7.43 -9.24 -0.16

Annual Metrics and Ratios for DoubleVerify

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

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

Quarterly Metrics and Ratios for DoubleVerify

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

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

Frequently Asked Questions About DoubleVerify's Financials

When does DoubleVerify's financial year end?

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

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%.



This page (NYSE:DV) was last updated on 4/25/2025 by MarketBeat.com Staff
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