DVNYSEServices-Computer Programming, Data Processing, Etc.US GAAP · USD

DoubleVerify Holdings, Inc.

DoubleVerify Holdings, Inc. provides digital media measurement and verification software that helps advertisers assess ad quality, brand suitability, viewability, fraud, and campaign effectiveness. The company monetizes primarily through measured media transactions, charging fees as customers use its tools across programmatic, social, CTV, and supply-side channels.

Kysy yhtiöstä
Liikevaihto748milj. USD
+13,9 %v/v
Liikevoitto (EBIT)79,2milj. USD
−3,9 %v/v
EBIT-marginaali10,6%
−2,0 %-yks.v/v
Nettotulos50,7milj. USD
−9,9 %v/v
Vapaa kassavirta173milj. USD
+30,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600800milj. USD2020: 244 milj. USD2020: EBIT 21 milj. USD20202021: 333 milj. USD2021: EBIT 27 milj. USD20212022: 452 milj. USD2022: EBIT 59 milj. USD20222023: 573 milj. USD2023: EBIT 86 milj. USD20232024: 657 milj. USD2024: EBIT 82 milj. USD20242025: 748 milj. USD2025: EBIT 79 milj. USD202574879
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: DoubleVerify Holdings, Inc.

Liiketoiminta

Osuus liikevaihdosta
Activation57 %

Tools that help advertisers evaluate and optimize media quality before or during ad buying.

Measurement33 %

Verification and analytics products that measure ad effectiveness, viewability, and fraud.

Supply-side10 %

Solutions sold to publishers and platform partners, including minimum guarantees and tiered pricing.

Asiakkaat

DoubleVerify sells mainly to large global advertisers, agencies, and some supply-side platform and publisher customers. Its customer base is broad across major industry verticals, with especially strong penetration among blue-chip brands that need trusted verification across digital channels. The business benefits from long relationships, high retention, and expansion as customers increase digital ad spend or adopt additional products.

Global advertisers

Large brands buy activation and measurement tools to verify inventory quality, reduce waste, and protect brand reputation.

Advertising agencies

Agencies use the platform to manage verification and suitability across client campaigns and channels.

Supply-side platforms

Platform partners buy supply-side solutions to support publisher monetization and transaction trust.

Publishers

Publishers use verification tools to improve ad quality, attract demand, and support premium inventory.

Enterprise vertical customers

Customers in CPG, financial services, telecom, technology, automotive, and healthcare buy for brand protection and performance.

Strategia

DoubleVerify is focused on expanding adoption within existing customers while winning new large advertisers across more channels, formats, devices, and geographies. It is also investing in product innovation, certifications, and data scale to reinforce trust and differentiation in a competitive market. The strategy is designed to raise revenue per customer and deepen network effects as measured transactions and data volume grow.

Grow existing customer spendLyhyt aikaväli

Expansion within large accounts drives recurring revenue and higher revenue per customer.

Expand product coverage across channelsKeskipitkä aikaväli

Broader channel coverage increases measured transactions and makes the platform more embedded in advertiser workflows.

Strengthen trust and defensibilityPitkä aikaväli

Accreditations, certifications, and data scale make the platform harder for new entrants to replicate.

Maantiede

The company serves customers globally and reported commercial operations in 32 locations across 26 countries, with a customer base that is still predominantly U.S.-based. It also has meaningful international presence in the United Kingdom, Israel, Singapore, Australia, Brazil, Germany, and the United Arab Emirates, which supports multinational advertiser relationships and cross-border expansion. Geography matters because ad measurement standards, platform integrations, and customer demand vary by market, while international expansion broadens the addressable base.

Riskit

The main risks are rapid technology change, intense competition, and platform or cybersecurity disruptions that could impair service delivery and customer trust. Because revenue depends on ad transaction volume and integrations with DSPs and other partners, shifts in advertiser behavior, platform policies, or digital ad spending can directly affect growth. The company also faces holding-company structural risk because it depends on subsidiaries for cash generation and distributions.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Technological obsolescence1Competitive pressure2Cybersecurity and platform outages3Dependence on digital ad spending4Subsidiary cash dependence5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Technological obsolescenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The market evolves quickly, and customers may shift preferences toward new measurement standards or platform-native tools.

    Kohdistuu: Core product relevance and pricing power

  2. Competitive pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large ad platforms and specialist competitors can bundle or underprice similar verification features.

    Kohdistuu: Customer acquisition and retention

  3. Cybersecurity and platform outagesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business relies on continuous data processing and trusted handling of customer and partner data.

    KohdistuuService continuityReputationLiability
  4. Dependence on digital ad spendingVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Revenue scales with media transactions measured, so weaker ad budgets can slow growth.

    Kohdistuu: Top-line growth and utilization

  5. Subsidiary cash dependenceVaikutus: KeskitasoTodennäköisyys: Matala

    The parent company has no operations of its own and relies on subsidiaries for cash.

    Kohdistuu: Liquidity and capital allocation

Kysy Clarifolta: DoubleVerify Holdings, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Fees depend on measured transactions, minimum guarantees, and platform arrangements, which affect timing and gross presentation.

Vaikutus: Can shift revenue between periods and affect cost of sales

Capitalized software development

Software and product development costs influence operating expense timing and amortization.

Vaikutus: Affects EBITDA, operating margin, and asset base

Goodwill and intangible impairment

Acquired assets require judgment on future cash flows, discount rates, and market multiples.

Vaikutus: Potential non-cash write-downs if assumptions weaken

Lease accounting

Office facilities create operating lease liabilities and right-of-use assets.

Vaikutus: Affects balance sheet leverage and expense recognition

Stock-based compensation and share repurchases

Equity compensation and buybacks affect diluted earnings and equity movement.

Vaikutus: Impacts per-share metrics and financing cash flows

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Päivitetty: 24.9.2026

DoubleVerify Holdings, Inc. (DV) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo