7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 25.1% per year over the past 5 years.
Net income has grown slower than revenue (19.9% vs 25.1% per year).
Operating margin has expanded, at 10.6% in the latest year.
Free cash flow has grown 72.0% per year over the past 5 years.
Financial health
Operating income covered interest expense 46× in the latest year, up from 4.3× 5 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$748M
$51M
82.2%
10.6%
$173M
—
$259M
2024
$657M
$56M
82.3%
12.5%
$133M
—
$293M
2023
$573M
$71M
81.4%
15.0%
$103M
—
$310M
2022
$452M
$43M
82.8%
13.0%
$55M
—
$268M
2021
$333M
$29M
83.7%
8.0%
$73M
—
$222M
2020
$244M
$20M
85.3%
8.8%
$11M
$22M
$33M
2019
$183M
$23M
86.4%
21.4%
$23M
—
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$181M
$6M
81.7%
8.6%
-$6M
—
$174M
Dec '25
$206M
$29M
82.5%
18.4%
$62M
—
$259M
Sep '25
$189M
$10M
82.3%
11.2%
$39M
—
$201M
Jun '25
$189M
$9M
82.5%
7.2%
$40M
—
$212M
Mar '25
$165M
$2M
81.2%
4.1%
$31M
—
$156M
Dec '24
$191M
$23M
82.0%
20.3%
$30M
—
$293M
Sep '24
$170M
$18M
82.6%
15.2%
$48M
—
$312M
Jun '24
$156M
$7M
83.3%
7.1%
$29M
—
$256M
Mar '24
$141M
$7M
81.1%
4.9%
$25M
—
$302M
Dec '23
$172M
$33M
82.6%
21.9%
$47M
—
$310M
Sep '23
$144M
$13M
81.6%
12.7%
$31M
—
$259M
Jun '23
$134M
$13M
80.4%
10.9%
$7M
—
$295M
Mar '23
$123M
$12M
80.5%
12.4%
$17M
—
$286M
Dec '22
$134M
$18M
82.9%
21.4%
$24M
—
$268M
Sep '22
$112M
$10M
82.8%
12.8%
$18M
—
$243M
Jun '22
$110M
$10M
82.8%
12.0%
$20M
—
$224M
Mar '22
$97M
$5M
82.6%
3.0%
-$7M
—
$212M
Dec '21
$106M
$28M
82.5%
15.2%
$20M
—
$222M
Sep '21
$83M
$8M
83.8%
14.2%
$14M
—
$320M
Jun '21
$77M
-$13M
83.9%
-13.0%
$21M
—
$330M
Valuation over time
How the market has priced DV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 107.0× (Mar '23) to 30.1× (Jun '26).
The price-to-sales ratio has fallen from 10.2× (Mar '23) to 2.0× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DV growing its revenue and profit?
Over the past 5 years, Doubleverify Holdings, Inc.'s revenue has grown 25.1% per year, and net income grown 19.9% per year. These are computed facts, not advice.
How much debt does DV have?
As of FY2025, Doubleverify Holdings, Inc. reported — of total debt against $259M of cash; operating income covered interest expense 46×.
What is DV's profit margin?
In FY2025, gross margin was 82.2%, operating margin 10.6%, and net margin 6.8%.
What is DV's P/E ratio?
As of Jun '26, Doubleverify Holdings, Inc. traded at a price-to-earnings ratio of about 30.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.