(DV) DoubleVerify Holdings - Overview
Sector: Communication Services | Industry: Advertising Agencies | Exchange: NYSE (USA) | Market Cap: 1.509m USD | Total Return: -27.6% in 12m
Avg Turnover: 27.3M
EPS Trend: 85.0%
Qual. Beats: 0
Rev. Trend: 99.1%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
DoubleVerify Holdings Inc (NYSE: DV) provides a software platform designed to measure and optimize digital media quality and effectiveness. Its core product, the DV Authentic Ad, evaluates digital advertisements for fraud, brand suitability, viewability, and geographical accuracy. The company further integrates AI-driven tools like Scibids and DV Authentic Attention to enhance campaign performance through contextual targeting and real-time optimization across social media, programmatic platforms, and video channels.
The company operates within the ad verification sector, a critical component of the digital advertising ecosystem that addresses the estimated billions lost annually to sophisticated invalid traffic (SIVT). DoubleVerify utilizes a recurring revenue model, typically charging transaction-based fees rooted in the volume of media impressions analyzed. This model benefits from the structural shift of advertising budgets toward fragmented programmatic and social environments where independent verification is a standard requirement for enterprise advertisers.
Prospective investors may find it useful to review the latest valuation metrics and growth trends for DV on ValueRay.
DoubleVerify serves a diverse client base across sectors including financial services, healthcare, and consumer packaged goods. In addition to advertiser-side tools, the company provides the DV Publisher Suite, which assists digital publishers in managing inventory yield and recovering lost revenue. Founded in 2008 and headquartered in New York, the firm maintains extensive integrations across the global digital advertising supply chain.
- Ad verification demand across social media platforms drives core revenue growth
- Expansion into AI-powered campaign optimization enhances long-term margin potential
- Retail media network partnerships increase transaction volume and market penetration
- Global digital advertising spend fluctuations impact quarterly enterprise contract renewals
- Competitive pricing pressure from automated brand safety tools affects premium service adoption
| Net Income: 54.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -0.50 > 1.0 |
| NWC/Revenue: 46.70% < 20% (prev 45.26%; Δ 1.44% < -1%) |
| CFO/TA 0.14 > 3% & CFO 177.7m > Net Income 54.7m |
| Net Debt (-78.3m) to EBITDA (149.7m): -0.52 < 3 |
| Current Ratio: 4.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (164.1m) vs 12m ago -2.86% < -2% |
| Gross Margin: 80.23% > 18% (prev 0.82%; Δ 7.94k% > 0.5%) |
| Asset Turnover: 60.56% > 50% (prev 54.53%; Δ 6.02% > 0%) |
| Interest Coverage Ratio: 52.22 > 6 (EBITDA TTM 149.7m / Interest Expense TTM 1.73m) |
| A: 0.28 (Total Current Assets 451.4m - Total Current Liabilities 94.6m) / Total Assets 1.27b |
| B: 0.25 (Retained Earnings 312.3m / Total Assets 1.27b) |
| C: 0.07 (EBIT TTM 90.1m / Avg Total Assets 1.26b) |
| D: 1.66 (Book Value of Equity 320.9m / Total Liabilities 193.1m) |
| Altman-Z'' = 4.86 = AA |
| DSRI: 0.93 (Receivables 222.6m/213.4m, Revenue 764.1m/681.1m) |
| GMI: 1.03 (GM 80.23% / 82.26%) |
| AQI: 0.95 (AQ_t 0.51 / AQ_t-1 0.54) |
| SGI: 1.12 (Revenue 764.1m / 681.1m) |
| TATA: -0.10 (NI 54.7m - CFO 177.7m) / TA 1.27b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at USD 9.70 with a total of 2,819,590 shares traded.
Over the past week, the price has changed by +1.89%,
over one month by -11.50%,
over three months by -7.97% and
over the past year by -27.56%.
DoubleVerify Holdings has received a consensus analysts rating of 3.55. Therefore, it is recommended to hold DV.
- StrongBuy: 3
- Buy: 7
- Hold: 9
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 13 | 34% |
P/E Trailing = 29.7879
P/E Forward = 19.8413
P/S = 1.9744
P/B = 1.3952
P/EG = 0.5875
Revenue TTM = 764.1m USD
EBIT TTM = 90.1m USD
EBITDA TTM = 149.7m USD
Long Term Debt = 5.59m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 14.9m USD (from shortTermDebt, last quarter)
Debt = 95.5m USD (from shortLongTermDebtTotal, last quarter) (leases 95.5m already included)
Net Debt = -78.3m USD (calculated: Debt 95.5m - CCE 173.8m)
Enterprise Value = 1.43b USD (1.51b + Debt 95.5m - CCE 173.8m)
Interest Coverage Ratio = 52.22 (Ebit TTM 90.1m / Interest Expense TTM 1.73m)
EV/FCF = 10.60x (Enterprise Value 1.43b / FCF TTM 134.9m)
FCF Yield = 9.43% (FCF TTM 134.9m / Enterprise Value 1.43b)
FCF Margin = 17.66% (FCF TTM 134.9m / Revenue TTM 764.1m)
Net Margin = 7.16% (Net Income TTM 54.7m / Revenue TTM 764.1m)
Gross Margin = 80.23% ((Revenue TTM 764.1m - Cost of Revenue TTM 151.0m) / Revenue TTM)
Gross Margin QoQ = 73.18% (prev 82.52%)
Tobins Q-Ratio = 1.12 (Enterprise Value 1.43b / Total Assets 1.27b)
Interest Expense / Debt = 1.81% (Interest Expense 1.73m / Debt 95.5m)
Taxrate = 38.76% (32.1m / 82.7m)
NOPAT = 55.2m (EBIT 90.1m * (1 - 38.76%))
Current Ratio = 4.77 (Total Current Assets 451.4m / Total Current Liabilities 94.6m)
Debt / Equity = 0.09 (Debt 95.5m / totalStockholderEquity, last quarter 1.08b)
Debt / EBITDA = -0.52 (Net Debt -78.3m / EBITDA 149.7m)
Debt / FCF = -0.58 (Net Debt -78.3m / FCF TTM 134.9m)
Total Stockholder Equity = 1.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.34% (Net Income 54.7m / Total Assets 1.27b)
RoE = 5.00% (Net Income TTM 54.7m / Total Stockholder Equity 1.09b)
RoCE = 8.19% (EBIT 90.1m / Capital Employed (Equity 1.09b + L.T.Debt 5.59m))
RoIC = 4.62% (NOPAT 55.2m / Invested Capital 1.19b)
WACC = 9.69% (E(1.51b)/V(1.60b) * Re(10.23%) + D(95.5m)/V(1.60b) * Rd(1.81%) * (1-Tc(0.39)))
Discount Rate = 10.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.67 | Cagr: -2.82%
[DCF] Terminal Value 70.49% ; FCFF base≈136.3m ; Y1≈133.9m ; Y5≈135.8m
[DCF] Fair Price = 11.79 (EV 1.73b - Net Debt -78.3m = Equity 1.81b / Shares 153.5m; r=9.69% [WACC]; 5y FCF grow -2.60% → 2.50% )
EPS Correlation: 84.96 | EPS CAGR: 19.40% | SUE: -0.25 | # QB: 0
Revenue Correlation: 99.05 | Revenue CAGR: 16.11% | SUE: 0.13 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.27 | Chg30d=+0.94% | Revisions=+20% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.29 | Chg30d=+0.65% | Revisions=+33% | Analysts=9
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-1.24% | Revisions=+0% | GrowthEPS=+25.3% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=1.26 | Chg30d=-3.21% | Revisions=+0% | GrowthEPS=+14.6% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: +33%