DoubleVerify Holdings (DV) AI Stock Analysis

• Market Cap: $1.86B
• Dividend Yield: N/A
• Average Volume (3M): 3.67M
• Price to Earnings (P/E): 37.1
• Beta (1Y): 1.05
• Revenue Growth: 16.54%
• EPS Growth: -12.60%
• Country: US
• Employees: 1,197
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.05
• Shares Outstanding: 163,628,370
• 10 Day Avg. Volume: 2,888,964
• 30 Day Avg. Volume: 3,669,108
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 3.34
• Enterprise Value/Gross Profit: 4.06
• Enterprise Value/Ebitda: 16.59
• 1Y Price Target: $19.00
• Price Target Upside: 66.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 76 Outperform
• Price Target: $13.00 ▲(14.24% Upside)

DoubleVerify Holdings demonstrates strong financial performance and positive earnings call sentiment, which are the most significant factors driving the score. Technical analysis indicates a bearish trend, and the valuation suggests the stock is relatively expensive. Despite these concerns, the company's robust growth and strategic positioning in the market support a solid overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for DoubleVerify's solutions, reinforcing its market position and potential for continued expansion.

Product Innovation

Innovative product launches enhance customer engagement and adoption, strengthening DoubleVerify's competitive edge and long-term growth prospects.

Cash Flow Generation

Strong cash flow generation supports reinvestment and shareholder returns, ensuring financial stability and flexibility for future growth.

Negative Factors

Profit Margin Pressure

Decreasing profit margins could indicate rising costs or pricing pressures, potentially impacting long-term profitability if not addressed.

Macroeconomic Uncertainty

Macroeconomic uncertainty may affect revenue growth and operational performance, posing risks to DoubleVerify's financial outlook.

Measured Transaction Fees Decline

A decline in transaction fees suggests potential challenges in product or geographic mix, which could affect revenue streams if trends persist.

DoubleVerify Holdings Business Overview & Revenue Model

Company Description

DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, data, and analytics in the United States and internationally. Its solutions provide advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments. The company's solutions include DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud, brand safety, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance. Its solutions also comprise DV Publisher suite, a solution for digital publishers to manage revenue and increase inventory yield by improving video delivery, identifying lost or unfilled sales, and aggregate data across all inventory sources; and DV Pinnacle, a service and analytics platform user interface that allows its customers to adjust and deploy controls for their media plan and track campaign performance metrics across channels, formats, and devices. The company's software solutions are integrated in the digital advertising ecosystem, including programmatic platforms, connected TV, social media channels, and digital publishers. It serves brands, publishers, and other supply-side customers covering various industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare. The company was founded in 2008 and is headquartered in New York, New York.

How the Company Makes Money

DoubleVerify generates revenue primarily through its subscription-based model, where clients pay for access to its suite of verification and analytics tools. The company has multiple key revenue streams, including fees for its brand safety and fraud detection services, which are charged based on the volume of ads verified or the number of impressions measured. In addition, DoubleVerify partners with major advertising platforms and agencies, which helps drive adoption of its services and expand its customer base. The company's strong relationships within the digital advertising ecosystem, along with the increasing demand for transparency and accountability in online advertising, contribute to its earnings growth.

DoubleVerify Holdings Financial Statement Overview

Summary

DoubleVerify Holdings presents a solid financial position with strong revenue growth and profitability. The balance sheet is conservatively leveraged, providing stability and flexibility. Cash flow generation is robust, supporting future growth and shareholder value. While profitability margins show slight pressure, the overall financial health remains strong, positioning the company well for continued success in the software application industry.

Income Statement

DoubleVerify Holdings shows strong revenue growth with a TTM increase of 4.86% and consistent profitability. The gross profit margin remains robust at 80.64%, indicating efficient cost management. However, the net profit margin has slightly decreased to 7.55% from the previous year's 8.56%, suggesting some pressure on net earnings. Overall, the company maintains healthy EBIT and EBITDA margins, reflecting solid operational performance.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.10, indicating conservative leverage. The return on equity is modest at 4.73%, showing room for improvement in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

DoubleVerify Holdings demonstrates strong cash flow generation, with a free cash flow growth rate of 8.21% TTM. The operating cash flow to net income ratio of 1.46 indicates efficient cash conversion from earnings. The free cash flow to net income ratio of 0.84 suggests a healthy ability to generate cash relative to net income, supporting potential reinvestment and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	714.26M	656.85M	572.54M	452.42M	332.74M	243.92M
Gross Profit	586.37M	540.33M	465.91M	374.55M	278.36M	208.17M
EBITDA	143.59M	135.12M	137.83M	94.60M	57.28M	46.48M
Net Income	52.72M	56.23M	71.47M	43.27M	29.31M	20.45M
Balance Sheet
Total Assets	1.30B	1.28B	1.24B	1.04B	892.19M	511.33M
Cash, Cash Equivalents and Short-Term Investments	216.79M	310.63M	310.13M	267.81M	221.59M	33.35M
Total Debt	103.63M	91.67M	86.39M	83.75M	4.55M	26.96M
Total Liabilities	206.91M	192.75M	169.09M	160.17M	93.13M	94.64M
Stockholders Equity	1.09B	1.08B	1.07B	876.86M	799.07M	416.69M
Cash Flow
Free Cash Flow	149.88M	132.51M	102.73M	54.88M	73.35M	11.46M
Operating Cash Flow	179.28M	159.66M	119.74M	94.86M	82.75M	21.22M
Investing Cash Flow	-36.05M	-44.84M	-84.25M	-39.98M	-158.61M	-9.75M
Financing Cash Flow	-190.93M	-129.45M	6.49M	-7.88M	264.39M	10.38M

DoubleVerify Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DV, the sentiment is Negative. The current price of 11.38 is above the 20-day moving average (MA) of 11.38, below the 50-day MA of 12.81, and below the 200-day MA of 14.98, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 41.88 is Neutral, neither overbought nor oversold. The STOCH value of 30.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DV.

DoubleVerify Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DV	―	$1.86B	37.10	4.80%	―	16.54%	-12.60%
CXM	―	$1.88B	17.10	23.74%	―	6.08%	153.79%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
OPFI	―	$851.23M	―	2.48%	―	9.63%	-112.71%
DSP	―	$559.01M	264.29	5.20%	―	30.92%	―
BMBL	―	$577.26M	―	-75.71%	―	-5.06%	-2318.18%

DoubleVerify Holdings Corporate Events

DoubleVerify Announces Leadership Changes Amidst Executive Departure

On September 15, 2025, DoubleVerify announced that Julie Eddleman will step down as Executive Vice President and Global Chief Commercial Officer at the end of the year to pursue other interests. She will continue as a Senior Advisor through 2026, assisting with the transition and supporting the company’s growth. Steve Mougis, the current Chief Growth Officer, will take over as Chief Commercial Officer starting January 1, 2026. The company also announced additional leadership changes, including the appointment of Gian LaVecchia as Chief Revenue Officer and Joris Stevens as SVP, Global Account Management, to further strengthen its commercial team.

The most recent analyst rating on (DV) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on DoubleVerify Holdings stock, see the DV Stock Forecast page.

DoubleVerify (DV) Reports Strong Q2 Earnings Performance

DoubleVerify Holdings, Inc. recently held its earnings call, revealing a strong performance marked by significant revenue growth, successful platform launches, and new client acquisitions. Despite facing minor challenges such as a decline in measured transaction fees and macroeconomic uncertainties, the overall sentiment was positive, driven by the company’s robust execution and strategic positioning for future growth.

DoubleVerify Reports Strong Q2 2025 Revenue Growth

DoubleVerify Holdings, Inc. is a leading software platform specializing in digital media measurement, data, and analytics, enhancing the transparency and effectiveness of digital advertising. In its latest earnings report, DoubleVerify announced a robust 21% year-over-year revenue growth for the second quarter of 2025, reaching $189 million, and raised its full-year revenue growth guidance to approximately 15%. The company reported significant growth across all revenue lines, with activation revenue up by 25%, measurement revenue increasing by 15%, and supply-side revenue rising by 26%. Notably, the company’s net income for the quarter was $8.8 million, with an adjusted EBITDA of $57.3 million, maintaining a 30% margin. DoubleVerify’s strategic initiatives included expanding its market share through product upsells and international expansion, along with notable new customer wins such as Banco do Brasil and Puma. The company also introduced innovative solutions like DV Authentic AdVantage and expanded its partnership with platforms like Lyft. Looking ahead, DoubleVerify remains focused on scalable, profitable growth and continues to invest in opportunities that align with its long-term vision, as reflected in its reaffirmed adjusted EBITDA margin guidance of 32% for the full year 2025.