DV - DoubleVerify Holdings, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$13.38
DETAILS
HIGH:
$15.50
LOW:
$12.00
MEDIAN:
$13.00
CONSENSUS:
$13.38
UPSIDE:
36.11%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 748.3 | 656.8 | 572.5 | 452.4 | 332.7 | 243.9 | 182.7 | 104.3 |
| Cost of Revenue | 133.5 | 116.5 | 106.6 | 77.9 | 54.4 | 35.8 | 24.8 | 18.5 |
| Gross Profit | 614.8 | 540.3 | 465.9 | 374.6 | 278.4 | 208.2 | 157.8 | 85.8 |
| Operating Expenses | ||||||||
| R&D Expenses | 178.4 | 153.0 | 125.4 | 95.1 | 62.7 | 47.0 | 31.6 | 24.2 |
| SG&A Expenses | 300.6 | 259.7 | 213.9 | 186.1 | 158.7 | 115.2 | 65.3 | 37.9 |
| Other Expenses | 56.6 | 45.2 | 40.9 | 34.3 | 30.3 | 24.6 | 21.8 | (0.0) |
| Operating Expenses | 535.6 | 457.9 | 380.2 | 315.5 | 251.7 | 186.8 | 118.7 | 80.7 |
| Operating Income | ||||||||
| Operating Income | 79.2 | 82.4 | 85.7 | 59.0 | 26.7 | 21.4 | 39.1 | 5.1 |
| Interest Expense | 1.7 | 1.1 | 1.1 | 0.9 | 1.2 | 4.9 | 5.2 | 3.1 |
| Interest Income | 0 | 12.7 | 0 | 2.3 | 0.0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 141.0 | 135.1 | 137.8 | 94.6 | 57.3 | 46.8 | 62.4 | 23.7 |
| EBIT | 84.4 | 89.9 | 96.9 | 60.3 | 27.0 | 22.2 | 40.6 | 5.0 |
| Income Before Tax | 82.7 | 88.8 | 95.9 | 59.4 | 25.8 | 17.3 | 35.4 | 2.0 |
| Income Tax Expense | 32.1 | 32.6 | 24.4 | 16.1 | (3.5) | (3.1) | 12.1 | (1.2) |
| Net Income | 50.6 | 56.2 | 71.5 | 43.3 | 29.3 | 20.5 | 23.3 | 3.2 |
| Per Share Data | ||||||||
| EPS (Basic) | 0.31 | 0.33 | 0.43 | 0.26 | 0.18 | 0.13 | 0.15 | 0.02 |
| EPS (Diluted) | 0.30 | 0.32 | 0.41 | 0.25 | 0.18 | 0.13 | 0.15 | 0.02 |
| Shares Outstanding | 162.8 | 170.5 | 167.8 | 163.9 | 162.3 | 156.7 | 156.7 | 155.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 259.0 | 292.8 | 310.1 | 267.8 | 221.6 | 33.4 | 10.9 | 30.0 |
| Short-Term Investments | 0 | 17.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 221.2 | 226.2 | 206.9 | 167.1 | 122.9 | 94.7 | 68.7 | 38.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 39.1 | 22.2 | 0.1 | 10.2 | 0 | 0 | 0 | 0.6 |
| Total Current Assets | 519.3 | 559.1 | 533.0 | 445.1 | 367.8 | 141.9 | 85.2 | 71.4 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 170.2 | 137.9 | 118.5 | 111.7 | 17.6 | 9.7 | 10.3 | 10.5 |
| Goodwill | 516.0 | 427.6 | 436.0 | 343.0 | 350.6 | 227.3 | 227.3 | 174.2 |
| Intangible Assets | 101.6 | 110.4 | 140.9 | 135.4 | 153.4 | 130.1 | 142.8 | 145.1 |
| Long-Term Investments | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 15.0 | 5.8 | 1.6 | 1.7 | 2.8 | 2.2 | 0.5 | 0.1 |
| Total Non-Current Assets | 834.8 | 717.2 | 710.0 | 591.9 | 524.4 | 369.4 | 381.0 | 330.1 |
| Total Assets | 1,354.1 | 1,276.2 | 1,243.0 | 1,037.0 | 892.2 | 511.3 | 466.3 | 401.5 |
| Current Liabilities | ||||||||
| Account Payables | 14.7 | 11.6 | 12.9 | 6.7 | 3.9 | 3.5 | 1.1 | 1.2 |
| Short-Term Debt | 16.0 | 13.6 | 0 | 0 | 0 | 0 | 0.5 | 0.3 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 87.0 | 23.8 | 16.2 | 28.2 | 23.5 | 15.0 | 14.7 | 5.2 |
| Total Current Liabilities | 121.6 | 103.5 | 83.9 | 68.9 | 57.0 | 34.0 | 32.0 | 15.3 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 22 | 72.7 | 53.4 |
| Deferred Tax Liabilities | 11.5 | 8.5 | 8.1 | 12.9 | 30.3 | 31.4 | 36.6 | 32.2 |
| Other Non-Current Liabilities | 6.2 | 2.7 | 2.7 | 3.5 | 3.2 | 3.8 | 3.4 | 4.4 |
| Total Non-Current Liabilities | 101.2 | 89.3 | 85.2 | 91.3 | 36.1 | 60.6 | 116.2 | 93.3 |
| Total Liabilities | 222.8 | 192.8 | 169.1 | 160.2 | 93.1 | 94.6 | 148.3 | 108.6 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.4 |
| Retained Earnings | 305.9 | 255.2 | 199.0 | 127.5 | 84.2 | 54.9 | 34.5 | 11.2 |
| Accumulated Other Comprehensive Income | 13.3 | (14.7) | (2.8) | (6.3) | (0.8) | 1.0 | (0.1) | 0.0 |
| Total Stockholders' Equity | 1,131.3 | 1,083.5 | 1,073.9 | 876.9 | 799.1 | 416.7 | 318.0 | 292.9 |
| Total Liabilities & Equity | 1,354.1 | 1,276.2 | 1,243.0 | 1,037.0 | 892.2 | 511.3 | 466.3 | 401.5 |
| Debt Metrics | ||||||||
| Total Debt | 99.6 | 91.7 | 86.4 | 83.8 | 4.5 | 27.0 | 78.1 | 58.6 |
| Net Debt | (159.5) | (201.2) | (223.7) | (184.1) | (217.0) | (6.4) | 67.2 | 28.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 50.6 | 56.2 | 71.5 | 43.3 | 29.3 | 20.5 | 23.3 | 3.2 |
| Depreciation & Amortization | 56.6 | 45.2 | 40.9 | 34.3 | 30.3 | 24.6 | 21.8 | 18.6 |
| Stock-Based Compensation | 104.2 | 90.7 | 59.2 | 42.3 | 21.9 | 0 | 1.7 | 1.4 |
| Change in Working Capital | (17.0) | (26.8) | (43.3) | (21.2) | (13.4) | (33.4) | (22.2) | (11.1) |
| Other Non-Cash Items | 12.9 | 16.0 | 16.5 | 15.7 | 22.6 | 14.2 | 2.8 | 2.0 |
| Operating Cash Flow | 211.2 | 159.7 | 119.7 | 94.9 | 82.7 | 20.6 | 29.4 | 12.1 |
| Investing Activities | ||||||||
| Capital Expenditure | (38.5) | (27.1) | (17.0) | (40.0) | (9.4) | (9.8) | (5.9) | (1.6) |
| Acquisitions | (82.6) | 0 | (67.2) | 0 | (149.2) | 0 | (57.3) | (11.3) |
| Purchases of Investments | 0 | (99.6) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 17.8 | 81.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (2.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (105.4) | (44.8) | (84.2) | (40.0) | (158.6) | (9.8) | (63.2) | (13.0) |
| Financing Activities | ||||||||
| Net Debt Issuance | (4.6) | (2.5) | (2.3) | (1.9) | (23.9) | (53.9) | 17.7 | 22.9 |
| Stock Repurchased | (142.1) | (133.8) | (4.6) | (10.2) | (1.8) | (260.7) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.7) | 6.8 | 13.4 | 4.3 | (9.3) | (18.2) | (2.9) | (0.1) |
| Financing Cash Flow | (143.9) | (129.4) | 6.5 | (7.9) | 264.4 | 11.0 | 15.0 | 22.9 |
| Cash Position | ||||||||
| Net Change in Cash | (33.7) | (16.5) | 42.3 | 46.2 | 188.3 | 22.1 | (18.7) | 21.9 |
| Cash at Beginning | 293.7 | 310.3 | 267.9 | 221.7 | 33.4 | 11.3 | 30.0 | 8.1 |
| Cash at End | 260.0 | 293.7 | 310.3 | 267.9 | 221.7 | 33.4 | 11.3 | 30.0 |
| Free Cash Flow | 172.7 | 132.5 | 102.7 | 54.9 | 73.4 | 10.9 | 23.5 | 10.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 748.3 | 656.8 | 572.5 | 452.4 | 332.7 | 243.9 | 182.7 | 104.3 |
| Gross Profit | 614.8 | 540.3 | 465.9 | 374.6 | 278.4 | 208.2 | 157.8 | 85.8 |
| Operating Income | 79.2 | 82.4 | 85.7 | 59.0 | 26.7 | 21.4 | 39.1 | 5.1 |
| Net Income | 50.6 | 56.2 | 71.5 | 43.3 | 29.3 | 20.5 | 23.3 | 3.2 |
| EPS (Diluted) | 0.30 | 0.32 | 0.41 | 0.25 | 0.18 | 0.13 | 0.15 | 0.02 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 259.0 | 292.8 | 310.1 | 267.8 | 221.6 | 33.4 | 10.9 | 30.0 |
| Total Assets | 1,354.1 | 1,276.2 | 1,243.0 | 1,037.0 | 892.2 | 511.3 | 466.3 | 401.5 |
| Total Debt | 99.6 | 91.7 | 86.4 | 83.8 | 4.5 | 27.0 | 78.1 | 58.6 |
| Stockholders' Equity | 1,131.3 | 1,083.5 | 1,073.9 | 876.9 | 799.1 | 416.7 | 318.0 | 292.9 |
| Cash Flow | ||||||||
| Operating Cash Flow | 211.2 | 159.7 | 119.7 | 94.9 | 82.7 | 20.6 | 29.4 | 12.1 |
| Capital Expenditure | (38.5) | (27.1) | (17.0) | (40.0) | (9.4) | (9.8) | (5.9) | (1.6) |
| Free Cash Flow | 172.7 | 132.5 | 102.7 | 54.9 | 73.4 | 10.9 | 23.5 | 10.4 |