DoubleVerify (DV)
Market Price (12/4/2025): $10.82 | Market Cap: $1.8 BilSector: Communication Services | Industry: Advertising
DoubleVerify (DV)
Market Price (12/4/2025): $10.82Market Cap: $1.8 BilSector: Communication ServicesIndustry: Advertising
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% | Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -130% | |
| Attractive yieldFCF Yield is 7.2% | ||
| Megatrend and thematic driversMegatrends include Digital Advertising, Cloud Computing, and Artificial Intelligence. Themes include Ad-Tech Platforms, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Attractive yieldFCF Yield is 7.2% |
| 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 -118%, 3Y Excs Rtn is -130% |
Valuation, Metrics & Events
DV Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points explaining the approximate -33.5% stock movement for DoubleVerify (DV) between August 31, 2025, and December 4, 2025:
1. DoubleVerify missed third-quarter 2025 revenue expectations.
The company reported total revenue of $188.6 million for Q3 2025, which, despite an 11% increase year-over-year, fell short of analyst forecasts that ranged from $190.2 million to $190.43 million. This revenue miss contributed to an initial decline in the stock price.
2. The company provided a weaker-than-anticipated fourth-quarter 2025 revenue guidance.
DoubleVerify projected its Q4 2025 revenue to be between $207 million and $211 million. The midpoint of this guidance range was below the consensus analyst estimate of $210.8 million, leading to investor concerns about future growth prospects.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DV Return | - | - | -34% | 67% | -48% | -44% | -68% |
| Peers Return | 51% | -9% | -24% | 18% | -21% | -6% | -10% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| DV Win Rate | - | 62% | 50% | 58% | 50% | 50% | |
| Peers Win Rate | 55% | 52% | 43% | 55% | 53% | 48% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| DV Max Drawdown | - | - | -45% | -1% | -56% | -51% | |
| Peers Max Drawdown | -18% | -17% | -42% | -14% | -33% | -33% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: CACI, GXO, SAIC, CLVT, FIVN.
[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] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | DV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.2% | -25.4% |
| % Gain to Breakeven | 157.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to CACI, GXO, SAIC, CLVT, FIVN
In The Past
DoubleVerify's stock fell -61.2% during the 2022 Inflation Shock from a high on 6/29/2021. A -61.2% loss requires a 157.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to DV. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | 0.0% | |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 4.0% | 4.0% | 0.0% |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.3% | 1.3% | 0.0% |
| 11072025 | IRDM | Iridium Communications | 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 | -0.5% | -0.5% | -5.6% |
| 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 | -17.4% | -17.4% | -27.9% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | 0.0% | |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 4.0% | 4.0% | 0.0% |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.3% | 1.3% | 0.0% |
| 11072025 | IRDM | Iridium Communications | 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 | -0.5% | -0.5% | -5.6% |
| 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 | -17.4% | -17.4% | -27.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for DoubleVerify
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.53 |
| Mkt Cap | 3.3 |
| Rev LTM | 4,981 |
| Op Inc LTM | 294 |
| FCF LTM | 238 |
| FCF 3Y Avg | 303 |
| CFO LTM | 465 |
| CFO 3Y Avg | 474 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.5% |
| Rev Chg 3Y Avg | 12.8% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 7.3% |
| Op Mgn 3Y Avg | 7.8% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 12.4% |
| CFO/Rev 3Y Avg | 10.5% |
| FCF/Rev LTM | 9.1% |
| FCF/Rev 3Y Avg | 7.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.3 |
| P/S | 1.1 |
| P/EBIT | 18.1 |
| P/E | 32.6 |
| P/CFO | 11.0 |
| Total Yield | 2.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.9% |
| 3M Rtn | -16.2% |
| 6M Rtn | -14.0% |
| 12M Rtn | -31.2% |
| 3Y Rtn | -38.8% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | -19.9% |
| 6M Excs Rtn | -28.7% |
| 12M Excs Rtn | -45.1% |
| 3Y Excs Rtn | -109.8% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8052025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11062024 | 10-Q 9/30/2024 |
| 6302024 | 7302024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2282024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 7312023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11082022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3082022 | 10-K 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Grimmig Andrew E | Chief Legal Officer | 11052025 | Sell | 11.30 | 1,000 | 11,300 | 1,065,601 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |