DoubleVerify (DV)
Market Price (5/12/2026): $10.42 | Market Cap: $1.7 BilSector: Communication Services | Industry: Advertising
DoubleVerify (DV)
Market Price (5/12/2026): $10.42Market Cap: $1.7 BilSector: Communication ServicesIndustry: Advertising
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% Attractive yieldFCF Yield is 8.0% Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Digital Advertising, Cloud Computing, and Artificial Intelligence. Themes include Ad-Tech Platforms, Show more. | Weak multi-year price returns2Y Excs Rtn is -109%, 3Y Excs Rtn is -143% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% Key risksDV key risks include [1] its legacy open-exchange verification model being challenged by the dominance of closed platforms, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Attractive yieldFCF Yield is 8.0% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Digital Advertising, Cloud Computing, and Artificial Intelligence. Themes include Ad-Tech Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -109%, 3Y Excs Rtn is -143% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Key risksDV key risks include [1] its legacy open-exchange verification model being challenged by the dominance of closed platforms, Show more. |
Qualitative Assessment
AI Analysis | Feedback
DoubleVerify (DV) stock has lost about 5% since 1/31/2026 because of the following key factors:
1. Mixed Q4 2025 Financial Results and Conservative 2026 Guidance.
DoubleVerify reported mixed financial results for the fourth quarter of 2025 on February 26, 2026. The company missed analysts' consensus estimates for both earnings per share (EPS) and revenue, with an EPS of $0.31 against an estimated $0.33, and revenue of $205.59 million compared to an expectation of $208.77 million. Despite a subsequent 9.7% stock jump following the announcement of a $300 million share repurchase program, the outlook for 2026 revenue growth was projected conservatively at 8% to 10% year-over-year.
2. Decelerating Growth and Weakened Operating Cash Flow in Q1 2026.
While DoubleVerify met Q1 2026 revenue expectations, reporting $180.8 million (a 10% year-over-year increase), the guidance for the second quarter of 2026 projected revenue growth of approximately 7% at the midpoint, a significant deceleration from the 21% growth rate in Q2 2025. Furthermore, the company's operating cash flow declined to $4.2 million in Q1 2026, a notable decrease from $37.7 million in the same period last year, which raised concerns about cash generation.
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1. Mixed Q4 2025 Financial Results and Conservative 2026 Guidance.
DoubleVerify reported mixed financial results for the fourth quarter of 2025 on February 26, 2026. The company missed analysts' consensus estimates for both earnings per share (EPS) and revenue, with an EPS of $0.31 against an estimated $0.33, and revenue of $205.59 million compared to an expectation of $208.77 million. Despite a subsequent 9.7% stock jump following the announcement of a $300 million share repurchase program, the outlook for 2026 revenue growth was projected conservatively at 8% to 10% year-over-year.
2. Decelerating Growth and Weakened Operating Cash Flow in Q1 2026.
While DoubleVerify met Q1 2026 revenue expectations, reporting $180.8 million (a 10% year-over-year increase), the guidance for the second quarter of 2026 projected revenue growth of approximately 7% at the midpoint, a significant deceleration from the 21% growth rate in Q2 2025. Furthermore, the company's operating cash flow declined to $4.2 million in Q1 2026, a notable decrease from $37.7 million in the same period last year, which raised concerns about cash generation.
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Stock Movement Drivers
Fundamental Drivers
The -3.6% change in DV stock from 1/31/2026 to 5/11/2026 was primarily driven by a -21.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.82 | 10.43 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 733 | 764 | 4.2% |
| Net Income Margin (%) | 6.1% | 7.2% | 17.4% |
| P/E Multiple | 39.2 | 30.7 | -21.8% |
| Shares Outstanding (Mil) | 162 | 161 | 0.8% |
| Cumulative Contribution | -3.6% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| DV | -3.6% | |
| Market (SPY) | 3.6% | 30.4% |
| Sector (XLC) | -3.4% | 40.7% |
Fundamental Drivers
The -8.3% change in DV stock from 10/31/2025 to 5/11/2026 was primarily driven by a -12.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.38 | 10.43 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 714 | 764 | 7.0% |
| Net Income Margin (%) | 7.4% | 7.2% | -3.0% |
| P/E Multiple | 35.1 | 30.7 | -12.7% |
| Shares Outstanding (Mil) | 163 | 161 | 1.2% |
| Cumulative Contribution | -8.3% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| DV | -8.3% | |
| Market (SPY) | 5.5% | 26.0% |
| Sector (XLC) | 1.3% | 39.8% |
Fundamental Drivers
The -21.3% change in DV stock from 4/30/2025 to 5/11/2026 was primarily driven by a -23.0% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.26 | 10.43 | -21.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 657 | 764 | 16.3% |
| Net Income Margin (%) | 8.6% | 7.2% | -16.4% |
| P/E Multiple | 39.8 | 30.7 | -23.0% |
| Shares Outstanding (Mil) | 169 | 161 | 5.0% |
| Cumulative Contribution | -21.3% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| DV | -21.3% | |
| Market (SPY) | 30.4% | 30.8% |
| Sector (XLC) | 22.6% | 38.3% |
Fundamental Drivers
The -64.5% change in DV stock from 4/30/2023 to 5/11/2026 was primarily driven by a -72.7% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.42 | 10.43 | -64.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 452 | 764 | 68.9% |
| Net Income Margin (%) | 9.6% | 7.2% | -25.1% |
| P/E Multiple | 112.2 | 30.7 | -72.7% |
| Shares Outstanding (Mil) | 165 | 161 | 2.6% |
| Cumulative Contribution | -64.5% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| DV | -64.5% | |
| Market (SPY) | 78.7% | 29.5% |
| Sector (XLC) | 99.4% | 31.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DV Return | -8% | -34% | 67% | -48% | -40% | -3% | -69% |
| Peers Return | 14% | -61% | 65% | 154% | 3% | -10% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| DV Win Rate | 56% | 50% | 58% | 50% | 50% | 40% | |
| Peers Win Rate | 52% | 27% | 58% | 52% | 48% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| DV Max Drawdown | -24% | -45% | -1% | -56% | -51% | -23% | |
| Peers Max Drawdown | -26% | -69% | -24% | -22% | -43% | -31% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTD, MGNI, PUBM, SCOR, APP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | DV | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.1% | -9.5% |
| % Gain to Breakeven | 54.1% | 10.5% |
| Time to Breakeven | 94 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.1% | -6.7% |
| % Gain to Breakeven | 12.5% | 7.1% |
| Time to Breakeven | 9 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -44.2% | -24.5% |
| % Gain to Breakeven | 79.3% | 32.4% |
| Time to Breakeven | 380 days | 427 days |
In The Past
DoubleVerify's stock fell -8.4% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.2% gain to breakeven.
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| Event | DV | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.1% | -9.5% |
| % Gain to Breakeven | 54.1% | 10.5% |
| Time to Breakeven | 94 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -44.2% | -24.5% |
| % Gain to Breakeven | 79.3% | 32.4% |
| Time to Breakeven | 380 days | 427 days |
In The Past
DoubleVerify's stock fell -8.4% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 9.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About DoubleVerify (DV)
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.
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Here are 1-3 brief analogies for DoubleVerify (DV):
- Nielsen for digital ad quality and performance.
- Carfax for digital ad placements.
- UL for digital advertising quality and safety.
AI Analysis | Feedback
- DV Authentic Ad: A metric for digital media quality, evaluating fraud, brand safety, viewability, and geography for digital ads.
- DV Authentic Attention solution: Provides exposure and engagement predictive analytics to enhance campaign performance.
- Custom Contextual solution: Enables advertisers to match ads with relevant content to maximize user engagement and drive performance.
- DV Publisher suite: A solution for digital publishers to manage revenue and increase inventory yield.
- DV Pinnacle: A service and analytics platform user interface allowing customers to adjust media plans and track campaign performance metrics.
AI Analysis | Feedback
DoubleVerify (DV) primarily sells its software platform and solutions to other companies.
Based on the provided description, specific names of major customer companies are not listed. Instead, the company describes its customers by categories and the industry verticals they represent:
- Brands
- Publishers
- Other supply-side customers
These customers operate across various industry verticals, including:
- Consumer packaged goods
- Financial services
- Telecommunications
- Technology
- Automotive
- Healthcare
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- Meta Platforms Inc. (META)
- Alphabet Inc. (GOOGL)
- The Trade Desk, Inc. (TTD)
- Roku, Inc. (ROKU)
- Amazon.com, Inc. (AMZN)
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Mark Zagorski, Chief Executive Officer
Mark Zagorski joined DoubleVerify as Chief Executive Officer in 2020. He brings over two decades of digital marketing and advertising technology leadership experience. Prior to DoubleVerify, Mark served as CEO of Telaria (NYSE:TLRA), where he was instrumental in establishing it as a leading video and CTV monetization platform and spearheaded its successful merger with Rubicon Project (NASDAQ:RUBI), creating the industry's largest independent sell-side advertising platform. Earlier, he was CEO of eXelate, where he led its sale to Nielsen and subsequently launched the Nielsen Marketing Cloud as Executive Vice President. He also held C-Level leadership roles at WorldNow (acquired by Frankly) and MediaSpan (acquired by Naviga). He co-founded Frankly Media LLC. DoubleVerify has had a majority investment from private equity firm Providence Equity Partners. Mark has a pattern of leading companies through sales and mergers.
Nicola Allais, Chief Financial Officer
Nicola Allais has served as DoubleVerify's Chief Financial Officer since November 2017. Before joining DoubleVerify, he was the CFO of Penton (acquired by Informa PLC), an information services company, where he oversaw thirteen acquisitions. He also held various finance positions at Downtown Music, Primedia, and HBO. His appointment as CFO followed Providence Equity Partners LLC acquiring a majority stake in DoubleVerify in September 2017. Providence Equity Partners L.L.C. continues to be a key stakeholder in DoubleVerify.
Steve Mougis, Global Chief Commercial Officer
Steve Mougis will assume the role of Global Chief Commercial Officer at DoubleVerify as of January 1, 2026, transitioning from his previous role as Chief Growth Officer. He has been a part of DoubleVerify's Commercial team since 2012, serving in various leadership capacities.
Nisim Tal, Chief Technology Officer
Nisim Tal is responsible for DoubleVerify's global technology, software engineering, information security, infrastructure, and corporate IT. Before joining DoubleVerify, Nisim led global R&D teams for the Nielsen Company, where he built data mining, machine learning, content classification, reporting, and analytics products. He also held key leadership positions at Buzzmetrics (acquired by Nielsen), SAP, Cadence, and Bullunz.
Alex Valle, Chief Product Officer
Alex Valle joined DoubleVerify as Chief Product Officer in January 2024. Prior to DoubleVerify, he served as Chief Product Officer of Onfido. His experience also includes roles as General Manager and Vice President of Product at Criteo and Head of Products for Google's Mobile Ads division.
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```htmlKey Risks to DoubleVerify (DV)
- Impact of Generative AI on the Open Web: A significant structural risk for DoubleVerify is the potential impact of generative AI on the open web. If users increasingly obtain answers and content directly from AI-powered search engines and platforms rather than navigating to independent publishers, traffic and, consequently, ad impressions on the open web could experience a structural decline. Given that the open web remains a core driver of DoubleVerify's high-margin programmatic business, such a shift could materially affect the company's revenue and financial performance.
- Data Privacy Regulations and Tighter Platform Data Access: DoubleVerify faces risks associated with evolving data privacy regulations globally, such as GDPR and CCPA. Changes or expansions to these regulations could further restrict the collection, processing, and use of personal data, potentially requiring DoubleVerify to alter the functionality of its measurement solutions and impacting the digital advertising ecosystem and its channel partners' practices. Additionally, tighter data access controls imposed by major digital platforms (including social media channels and Connected TV providers) could constrain DoubleVerify's ability to gather necessary data, thereby pressuring its growth prospects and pricing power.
- Intense Competition and the Need for Continuous Innovation: The digital media measurement and analytics market is highly competitive, with numerous companies vying for market share. DoubleVerify must continually innovate and differentiate its offerings to maintain its competitive edge and market position. Failure to keep pace with rapid technological changes, evolving industry standards, or new competitive solutions could render DoubleVerify's offerings less competitive, negatively impacting its financial health and market standing.
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The increasing control and potential self-sufficiency of major digital advertising platforms (walled gardens), such as Google, Meta, and connected TV providers, in offering their own integrated ad verification and measurement solutions. This trend could diminish the need for or ability to utilize independent third-party verifiers like DoubleVerify, thereby challenging DV's core value proposition of providing unbiased data analytics and measurement.
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DoubleVerify (DV) operates in several significant addressable markets related to digital media measurement, data, and analytics. Here are the estimated market sizes for their main products and services:- Ad Verification: The global ad verification market size reached approximately $4.82 billion in 2024 and is projected to grow to about $15.87 billion by 2033, with a compound annual growth rate (CAGR) of 15.4%. In North America, this market accounted for approximately $2.12 billion of the global market size in 2024.
- Contextual Advertising: The global contextual advertising market size was estimated at $195.44 billion in 2023 and is anticipated to reach $468.17 billion by 2030, growing at a CAGR of 13.3% from 2024 to 2030. North America held the largest revenue share of 37.7% in this market in 2023.
- Digital Audience Measurement: The global market for Digital Audience Measurement was estimated to be worth approximately $2.278 billion (US$ 2278 million) in 2025 and is projected to reach around $4.951 billion (US$ 4951 million) by 2032.
- Brand Protection: The global authentication and brand protection market, which includes aspects of brand safety, was valued at approximately $2.99 billion in 2024 and is projected to grow to around $7.64 billion by 2032. North America dominated this market with a share of 33.44% in 2024.
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DoubleVerify Holdings, Inc. (DV) is expected to drive future revenue growth over the next two to three years through several key initiatives:
- Expansion in Social Media Platforms: DoubleVerify anticipates significant growth from its solutions integrated into social media channels. The company reported approximately 60% year-over-year growth in social activation during Q4 2025, and specifically identifies Meta pre-bid activation as a material revenue driver for 2026.
- Growth in Connected TV (CTV) Measurement and Activation: CTV is a strategic high-growth vertical for DoubleVerify. The company launched new streaming TV products in late 2025 and early 2026, including Verified Streaming TV pre-bid segments and "Do Not Air" Automation. Streaming TV activation is projected to contribute incremental revenue, and CTV measurement impressions saw a 22% increase in Q4 2025.
- Leveraging AI and Product Innovation: DoubleVerify is focused on product innovation, particularly through the application of artificial intelligence. Its AI verification suite and other AI-powered solutions are expected to expand the total addressable market, enhance solution effectiveness, and contribute to future growth. The company's product innovation in 2025 leveraged AI to set the stage for future growth.
- Broadening Customer Relationships: The company aims to increase revenue by both expanding its footprint within existing enterprise client accounts and by acquiring new customers. Management has noted a significant whitespace opportunity, with approximately 500 of the world's top advertisers not yet utilizing DoubleVerify's services. DoubleVerify's ability to maintain strong gross revenue retention (exceeding 95%) and net revenue retention (109% for fiscal 2025) with existing clients, along with the growth in customers generating over $1 million in annual revenue, underscores this driver.
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Share Repurchases
- DoubleVerify's Board of Directors approved a new share repurchase program on February 26, 2026, authorizing up to $300 million of common stock, which is the largest authorization in the company's history.
- In the full year 2025, DoubleVerify repurchased 8.4 million shares for $132.3 million.
- The company's share buybacks were $128.0 million in fiscal year 2024, improving from $10 million over the prior two years.
Share Issuance
- DoubleVerify Holdings, Inc. went public with an Initial Public Offering (IPO) in 2021.
- The number of outstanding shares decreased from 171.146 million in 2023 to 167.069 million in 2024, and further to 162.031 million at the end of 2025, reflecting the impact of share repurchases.
Outbound Investments
- In February 2025, DoubleVerify acquired Rockerbox, a unified marketing measurement platform, for $85 million to enhance its end-to-end media performance measurement and AI-powered activation capabilities.
- DoubleVerify acquired Scibids, an AI-powered media buying platform, for $125 million in July 2023, expanding its ability to optimize media transactions from activation to measurement.
- In November 2021, DoubleVerify acquired Open Slate for $150 million.
Capital Expenditures
- Capital expenditures for the last 12 months (as of March 2026, likely reflecting FY2025) were $38.53 million.
- Annual capital expenditures were $27.1 million in 2024, $17.0 million in 2023, $40.0 million in 2022, and $9.4 million in 2021.
- These expenditures are primarily focused on maintaining and enhancing the company's software platform for digital media measurement, data, and analytics, and supporting its global scale and innovation.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04242026 | CMCSA | Comcast | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -1.9% | -1.9% | -2.9% |
| 04022026 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.0% | 7.0% | -8.9% |
| 03272026 | META | Meta Platforms | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 16.4% | 16.4% | 0.0% |
| 03062026 | CARG | CarGurus | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 8.3% | 8.3% | -8.3% |
| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 31.6% | 31.6% | -5.7% |
| 09122025 | DV | DoubleVerify | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -21.6% | -15.4% | -32.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.90 |
| Mkt Cap | 1.8 |
| Rev LTM | 743 |
| Op Inc LTM | 97 |
| FCF LTM | 92 |
| FCF 3Y Avg | 134 |
| CFO LTM | 145 |
| CFO 3Y Avg | 178 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 12.0% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 19.9% |
| Op Inc Chg 3Y Avg | 54.3% |
| Op Mgn LTM | 13.2% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 26.3% |
| CFO/Rev 3Y Avg | 29.0% |
| FCF/Rev LTM | 17.6% |
| FCF/Rev 3Y Avg | 20.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.8 |
| P/S | 2.4 |
| P/Op Inc | 17.5 |
| P/EBIT | 17.7 |
| P/E | 17.9 |
| P/CFO | 9.4 |
| Total Yield | 2.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.7% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.4% |
| 3M Rtn | 7.7% |
| 6M Rtn | -4.4% |
| 12M Rtn | -11.2% |
| 3Y Rtn | -46.2% |
| 1M Excs Rtn | 1.7% |
| 3M Excs Rtn | 1.2% |
| 6M Excs Rtn | -17.8% |
| 12M Excs Rtn | -41.1% |
| 3Y Excs Rtn | -121.3% |
Price Behavior
Price Behavior
| Market Price | $10.43 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 04/21/2021 | |
| Distance from 52W High | -35.9% | |
| 50 Days | 200 Days | |
| DMA Price | $10.40 | $11.57 |
| DMA Trend | down | up |
| Distance from DMA | 0.3% | -9.9% |
| 3M | 1YR | |
| Volatility | 45.4% | 41.4% |
| Downside Capture | 0.48 | 0.59 |
| Upside Capture | 130.73 | 51.54 |
| Correlation (SPY) | 27.9% | 30.1% |
DV Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.56 | 0.69 | 0.93 | 0.90 | 1.03 | 0.98 |
| Up Beta | -0.28 | 0.02 | -0.04 | 1.18 | 1.57 | 1.21 |
| Down Beta | 0.30 | 0.65 | 1.87 | 1.09 | 0.99 | 0.87 |
| Up Capture | 148% | 97% | 102% | 57% | 41% | 24% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 17 | 24 | 34 | 62 | 129 | 394 |
| Down Capture | 420% | 103% | 117% | 83% | 107% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 4 | 18 | 27 | 56 | 111 | 343 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DV | |
|---|---|---|---|---|
| DV | -27.7% | 42.2% | -0.66 | - |
| Sector ETF (XLC) | 19.9% | 13.3% | 1.11 | 38.9% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 31.1% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | -6.6% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -0.3% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 3.6% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 10.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DV | |
|---|---|---|---|---|
| DV | -21.7% | 53.1% | -0.24 | - |
| Sector ETF (XLC) | 9.6% | 20.7% | 0.37 | 41.7% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 39.4% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | 1.8% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | 6.9% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 26.7% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 18.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DV | |
|---|---|---|---|---|
| DV | -11.8% | 53.0% | -0.25 | - |
| Sector ETF (XLC) | 9.6% | 22.3% | 0.50 | 41.4% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 39.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 1.9% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 6.7% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 26.7% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 19.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | 10.6% | 14.6% | -2.3% |
| 11/7/2025 | -14.4% | -4.6% | -0.3% |
| 8/5/2025 | 2.5% | -3.3% | -1.5% |
| 5/8/2025 | -5.6% | 1.9% | 3.6% |
| 2/27/2025 | -36.0% | -30.8% | -38.6% |
| 11/6/2024 | 0.9% | 4.0% | 5.7% |
| 7/30/2024 | -2.1% | -12.1% | -11.1% |
| 2/28/2024 | -21.3% | -24.7% | -10.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 9 |
| # Negative | 6 | 8 | 9 |
| Median Positive | 5.1% | 5.7% | 11.7% |
| Median Negative | -14.6% | -8.3% | -8.0% |
| Max Positive | 10.6% | 19.5% | 29.6% |
| Max Negative | -36.0% | -30.8% | -38.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 199.00 Mil | 202.00 Mil | 205.00 Mil | ||||
| Q2 2026 Adjusted EBITDA | 63.00 Mil | 65.00 Mil | 67.00 Mil | ||||
| 2026 Revenue | 810.00 Mil | 818.00 Mil | 826.00 Mil | 0 | Affirmed | Guidance: 818.00 Mil for 2026 | |
| 2026 Adjusted EBITDA margin | 34.0% | 0 | 0 | Affirmed | Guidance: 34.0% for 2026 | ||
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 177.00 Mil | 180.00 Mil | 183.00 Mil | -13.9% | Lowered | Guidance: 209.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 48.00 Mil | 50.00 Mil | 52.00 Mil | -36.7% | Lowered | Guidance: 79.00 Mil for Q4 2025 | |
| 2026 Revenue | 810.00 Mil | 818.00 Mil | 826.00 Mil | ||||
| 2026 Adjusted EBITDA Margin | 34.0% | 3.0% | 1.0% | Higher New | Actual: 33.0% for 2025 | ||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grimmig, Andrew E | Chief Legal Officer | Direct | Sell | 3042026 | 10.31 | 1,000 | 10,310 | 1,025,814 | Form |
| 2 | Grimmig, Andrew E | Chief Legal Officer | Direct | Sell | 2042026 | 10.71 | 1,000 | 10,710 | 1,076,323 | Form |
| 3 | Grimmig, Andrew E | Chief Legal Officer | Direct | Sell | 1062026 | 11.49 | 1,000 | 11,490 | 1,166,201 | Form |
| 4 | Grimmig, Andrew E | Chief Legal Officer | Direct | Sell | 12172025 | 10.81 | 3,096 | 33,468 | 1,107,993 | Form |
| 5 | Grimmig, Andrew E | Chief Legal Officer | Direct | Sell | 12032025 | 10.46 | 1,000 | 10,460 | 975,928 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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