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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$748M
$51M
82.2%
10.6%
4.5%
3.7%
$173M
—
$259M
2024
$657M
$56M
82.3%
12.5%
5.2%
4.4%
$133M
—
$293M
2023
$573M
$71M
81.4%
15.0%
6.7%
5.7%
$103M
—
$310M
2022
$452M
$43M
82.8%
13.0%
4.9%
4.2%
$55M
—
$268M
2021
$333M
$29M
83.7%
8.0%
3.7%
3.3%
$73M
—
$222M
2020
$244M
$20M
85.3%
8.8%
4.9%
4.0%
$11M
$22M
$33M
2019
$183M
$23M
86.4%
21.4%
7.3%
—
$23M
—
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$206M
$16M
81.3%
13.8%
1.4%
1.2%
$46M
—
$251M
Jun '26
$194M
$13M
83.2%
11.9%
1.2%
1.0%
$66M
—
$210M
Mar '26
$181M
$6M
81.7%
8.6%
0.6%
0.5%
-$6M
—
$174M
Dec '25
$206M
$29M
82.5%
18.4%
2.6%
2.2%
$62M
—
$259M
Sep '25
$189M
$10M
82.3%
11.2%
0.9%
0.8%
$39M
—
$201M
Jun '25
$189M
$9M
82.5%
7.2%
0.8%
0.7%
$40M
—
$212M
Mar '25
$165M
$2M
81.2%
4.1%
0.2%
0.2%
$31M
—
$156M
Dec '24
$191M
$23M
82.0%
20.3%
2.2%
1.8%
$30M
—
$293M
Sep '24
$170M
$18M
82.6%
15.2%
1.6%
1.4%
$48M
—
$312M
Jun '24
$156M
$7M
83.3%
7.1%
0.7%
0.6%
$29M
—
$256M
Mar '24
$141M
$7M
81.1%
4.9%
0.7%
0.6%
$25M
—
$302M
Dec '23
$172M
$33M
82.6%
21.9%
3.1%
2.7%
$47M
—
$310M
Sep '23
$144M
$13M
81.6%
12.7%
1.3%
1.1%
$31M
—
$259M
Jun '23
$134M
$13M
80.4%
10.9%
1.4%
1.2%
$7M
—
$295M
Mar '23
$123M
$12M
80.5%
12.4%
1.3%
1.1%
$17M
—
$286M
Dec '22
$134M
$18M
82.9%
21.4%
2.1%
1.7%
$24M
—
$268M
Sep '22
$112M
$10M
82.8%
12.8%
1.2%
1.0%
$18M
—
$243M
Jun '22
$110M
$10M
82.8%
12.0%
1.3%
1.1%
$20M
—
$224M
Mar '22
$97M
$5M
82.6%
3.0%
0.6%
0.5%
-$7M
—
$212M
Dec '21
$106M
$28M
82.5%
15.2%
3.5%
3.2%
$20M
—
$222M
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 108.9× (Mar '23) to 41.8× (Nov '26).
The price-to-sales ratio has fallen from 10.4× (Mar '23) to 2.8× (Nov '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?
Doubleverify Holdings, Inc.'s P/E (TTM) is 32.80 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 41.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.