Tearsheet

DoubleVerify (DV)

Market Price (12/28/2025): $11.495 | Market Cap: $1.9 Bil
Sector: Communication Services | Industry: Advertising

DoubleVerify (DV)

Market Price (12/28/2025): $11.495
Market Cap: $1.9 Bil
Sector: Communication Services
Industry: Advertising

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/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 returns 2Y Excs Rtn is -115%, 3Y Excs Rtn is -131%	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%		Key risks DV key risks include [1] its legacy open-exchange verification model being challenged by the dominance of closed platforms, Show more.
2	Attractive yield FCF Yield is 7.5%
3	Megatrend and thematic drivers Megatrends include Digital Advertising, Cloud Computing, and Artificial Intelligence. Themes include Ad-Tech Platforms, Show more.

0	Attractive cash flow generation CFO/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%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
2	Attractive yield FCF Yield is 7.5%
3	Megatrend and thematic drivers Megatrends include Digital Advertising, Cloud Computing, and Artificial Intelligence. Themes include Ad-Tech Platforms, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -115%, 3Y Excs Rtn is -131%
5	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14%
6	Key risks DV key risks include [1] its legacy open-exchange verification model being challenged by the dominance of closed platforms, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$11.49	$19.21	$36.78	$21.96	$33.28
Market Cap CYE ($ Bil)	1.9	3.2	6.3	3.6	5.3
Total Debt ($ Bil)	0.1	0.1	0.1	0.1	0.0
Total Cash ($ Bil)	0.2	0.3	0.3	0.3	0.2
Enterprise Value ($ Bil)	1.8	3.3	6.4	3.7	5.3
Valuation Ratios
P/S TTM	2.5	5.0	10.8	8.0	14.8
P/EBIT TTM	22.1	36.4	63.7	59.7	182.9
P/E TTM	41.6	58.3	86.4	83.2	168.4
P/FCF TTM	13.3	24.7	60.1	65.6	67.3
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1	1.2	2.0
P/EBIT TTM (Sector)	1.6	1.5	0.3	1.1	4.7
P/E TTM (Sector)	-1.1	-0.9	-0.6	-0.4	5.7
P/FCF TTM (Sector)	6.5	7.4	6.5	2.9	5.7

	12/28/25	2024	2023
Share Price CYE	$11.49	$19.21	$36.78
Market Cap CYE ($ Bil)	1.9	3.2	6.3
Total Debt ($ Bil)	0.1	0.1	0.1
Total Cash ($ Bil)	0.2	0.3	0.3
Enterprise Value ($ Bil)	1.8	3.3	6.4
Valuation Ratios
P/S TTM	2.5	5.0	10.8
P/EBIT TTM	22.1	36.4	63.7
P/E TTM	41.6	58.3	86.4
P/FCF TTM	13.3	24.7	60.1
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1
P/EBIT TTM (Sector)	1.6	1.5	0.3
P/E TTM (Sector)	-1.1	-0.9	-0.6
P/FCF TTM (Sector)	6.5	7.4	6.5

	DV	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.7
Rev Chg Q	11.2%	7.3%
Rev Chg LTM	14.9%	6.1%
Rev Chg 3Y Avg	20.1%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	10.9%	18.8%
CFO/Rev LTM	24.0%	20.4%
Net Inc Mgn	6.1%	13.1%
VALUATION	MODERATE
P/S	2.5	3.3
P/CFO	10.6	15.8
P/FCF	13.3	20.7
P/E	41.6	23.7
STABILITY	VERY GOOD
Debt/Equity	0.06	0.21
Cash/Assets	0.15	0.07

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Metric	Value	Date	Source
Gross Revenue Retention Rate	over 95%	6302025	Link
Media Transactions Measured ( MTM ) for CTV (year-over-year growth)	45%	6302025	Link
Net Revenue Retention (NRR)	112%	12312024	Link
Media Transactions Measured (MTM)	8.3 trillion	12312024	Link
Number of Customers	3388	11062025	Link
Market Share (Ad Fraud Detection)	66.28%	11062025	Link
Number of Large Advertisers (generating >$200,000 in annual revenue)	12% growth	6302025	Link

Upcoming
2/26/2026	Earnings Release	Rev: - EPS: -

DV Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining the approximate -29.3% stock movement for DoubleVerify (DV) from August 31, 2025, to December 28, 2025:

1. DoubleVerify reported third-quarter 2025 financial results on November 7, 2025, with total revenue of $188.62 million falling below analysts' expectations of $190.43 million. While the company's earnings per share (EPS) of $0.22 beat consensus estimates, its net income and EPS declined sharply year-over-year, with EPS dropping 45.5% to $0.06 from $0.11 in the prior year.

2. The company issued Q4 guidance that fell below estimates and lowered its full-year 2025 revenue growth guidance. This included an anticipated decline in full-year growth guidance from 15% to 14% for Q4 and a management's explicit guide of a 10% base case for 2026 revenue growth, signaling a deceleration from a previous 20%+ growth rate.

3. DoubleVerify acknowledged significant headwinds within the advertising market, including an uncertain advertising environment, the impact of tariffs, and market cyclicality, during its presentation at the Goldman Sachs Communicopia + Technology Conference on September 9, 2025. These comments raised investor concerns about the company's ability to navigate a challenging market.

4. A law firm announced an investigation into potential breaches of fiduciary duties by some of DoubleVerify's officers and directors on September 12, 2025. This investigation created uncertainty among investors and was cited as a reason for a stock decline, implying that management may not have acted in the best interests of the company and its shareholders.

5. Following the weaker financial results and outlook, multiple analysts downgraded their price targets for DoubleVerify. For instance, Morgan Stanley revised its price target from $18 to $16.50, and Wells Fargo downgraded its target to $10, reflecting a cautious market sentiment. The average analyst price target as of December 27, 2025, was $16.38, significantly lower than previous levels.

Stock Movement Drivers

Fundamental Drivers

The -3.3% change in DV stock from 9/27/2025 to 12/27/2025 was primarily driven by a -17.4% change in the company's Net Income Margin (%).

	9272025	12272025	Change
Stock Price ($)	11.89	11.50	-3.28%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	714.26	733.32	2.67%
Net Income Margin (%)	7.38%	6.10%	-17.38%
P/E Multiple	36.70	41.67	13.52%
Shares Outstanding (Mil)	162.74	162.03	0.44%
Cumulative Contribution			-3.28%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
DV	-3.3%
Market (SPY)	4.3%	24.4%
Sector (XLC)	-0.2%	37.4%

Fundamental Drivers

The -22.5% change in DV stock from 6/28/2025 to 12/27/2025 was primarily driven by a -19.2% change in the company's Net Income Margin (%).

	6282025	12272025	Change
Stock Price ($)	14.84	11.50	-22.51%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	681.13	733.32	7.66%
Net Income Margin (%)	7.55%	6.10%	-19.24%
P/E Multiple	47.64	41.67	-12.54%
Shares Outstanding (Mil)	165.12	162.03	1.87%
Cumulative Contribution			-22.53%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
DV	-22.5%
Market (SPY)	12.6%	24.5%
Sector (XLC)	9.9%	30.9%

Fundamental Drivers

The -41.4% change in DV stock from 12/27/2024 to 12/27/2025 was primarily driven by a -40.9% change in the company's Net Income Margin (%).

	12272024	12272025	Change
Stock Price ($)	19.63	11.50	-41.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	638.46	733.32	14.86%
Net Income Margin (%)	10.33%	6.10%	-40.95%
P/E Multiple	50.69	41.67	-17.80%
Shares Outstanding (Mil)	170.25	162.03	4.83%
Cumulative Contribution			-41.55%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
DV	-41.4%
Market (SPY)	17.0%	28.8%
Sector (XLC)	21.3%	30.6%

Fundamental Drivers

The -46.4% change in DV stock from 12/28/2022 to 12/27/2025 was primarily driven by a -51.6% change in the company's Net Income Margin (%).

	12282022	12272025	Change
Stock Price ($)	21.44	11.50	-46.36%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	424.31	733.32	72.83%
Net Income Margin (%)	12.61%	6.10%	-51.64%
P/E Multiple	65.83	41.67	-36.71%
Shares Outstanding (Mil)	164.30	162.03	1.38%
Cumulative Contribution			-46.37%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
DV	-69.5%
Market (SPY)	48.0%	27.2%
Sector (XLC)	64.6%	27.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DV Return	-	-8%	-34%	67%	-48%	-41%	-68%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
DV Win Rate	-	56%	50%	58%	50%	50%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
DV Max Drawdown	-	-24%	-45%	-1%	-56%	-51%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	DV	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-61.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	157.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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.

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About DoubleVerify (DV)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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 1-2 brief analogies for DoubleVerify (DV):

Nielsen for digital ad quality.
Deloitte for digital ad verification.

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Major Products and Services of DoubleVerify (DV)

Ad Verification Services: A foundational suite of services that ensure the quality and effectiveness of digital ad impressions, which includes:
- Fraud Protection: Detects and prevents invalid traffic and ad fraud across digital advertising channels, ensuring ads are seen by real users.
- Brand Safety & Suitability: Ensures advertisements appear in environments that align with a brand's values and content preferences, avoiding objectionable or unsuitable content.
- Viewability Measurement: Verifies that digital ads are actually displayed on a screen and seen by users according to industry standards.
Authentic Brand Suitability (ABS): An advanced AI-powered solution providing granular and dynamic control over ad placements to enhance brand protection and achieve precise suitability beyond basic safety.
Campaign Performance & Optimization: Offers data and insights to measure the effectiveness of ad campaigns and optimize their performance across various platforms and formats.

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DoubleVerify (DV) Major Customers

DoubleVerify (DV) primarily sells its digital media measurement and verification solutions to other companies (B2B).

While DoubleVerify serves a highly diversified customer base of thousands of brands and hundreds of advertising agencies globally, it also partners extensively with major digital advertising platforms, which are critical to its business and revenue generation. The major customer categories and prominent platform partners include:

Digital Advertising Platforms: These are major platforms that integrate DoubleVerify's technology to provide verification services to their advertisers or to measure their own ad inventory. Key public companies in this category that partner with DoubleVerify include:
- Google (GOOGL)
- Meta Platforms (META)
- The Trade Desk (TTD)
- Amazon (AMZN)
- Microsoft (MSFT)
- Snap Inc. (SNAP)
Advertising Agencies: DoubleVerify works with leading global and regional advertising agencies that utilize DV's services on behalf of their brand clients across various digital campaigns.
Advertisers (Brands): DoubleVerify directly serves hundreds of the world's largest advertisers, including many Fortune 500 companies, helping them ensure the quality, safety, and effectiveness of their digital ad spending.

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Mark Zagorski, Chief Executive Officer

Mark Zagorski joined DoubleVerify as Chief Executive Officer and Director in 2020. He is responsible for global company operations, expansion into new markets, and strategic product innovation, including CTV/OTT video capabilities. With over two decades of digital marketing and advertising technology leadership experience, he has expertise in CTV/OTT, data analytics, and digital advertising optimization. Before DoubleVerify, Mark served as CEO of Telaria (NYSE:TLRA), where he led its merger with Rubicon Project to form Magnite, the industry's largest independent sell-side advertising platform. He was also CEO of eXelate, which he sold to Nielsen, and subsequently launched the Nielsen Marketing Cloud as Executive Vice President. His career also includes C-level leadership roles at digital media companies WorldNow (acquired by Frankly) and MediaSpan (acquired by Naviga). Mark co-founded Frankly Media LLC.

Nicola Allais, Chief Financial Officer

Nicola Allais has served as DoubleVerify's Chief Financial Officer since November 2017. He brings over 20 years of financial, management, and operations expertise to the role. Prior to DoubleVerify, he was the CFO of Penton, an information services company, where he helped transform the business and oversaw thirteen acquisitions before its acquisition by Informa PLC. Allais also held various finance positions at Downtown Music, Primedia, and HBO. His appointment at DoubleVerify followed Providence Equity Partners LLC acquiring a majority stake in the company in September 2017.

Julie Eddleman, Chief Commercial Officer

Julie Eddleman leads DoubleVerify's commercial organization worldwide, overseeing sales, customer support, pricing, and revenue management. Before joining DoubleVerify, she was a Global Client Partner at Google, where she managed global partnership and growth strategies for major clients such as Procter & Gamble and Coca-Cola.

Dan Slivjanovski, Chief Marketing Officer

Dan Slivjanovski is the Chief Marketing Officer at DoubleVerify, responsible for corporate and product marketing, and sales empowerment. He has over 20 years of senior operating, strategy, and marketing experience. Previously, Dan served as both COO and CMO at RhythmOne (acquired by Tremor), where he played a key role in transforming the company into a leading programmatic platform and integrated nine acquisitions.

Steven Woolway, EVP, Business Development

Steven Woolway is the Executive Vice President, Business Development at DoubleVerify, responsible for all business development efforts and strategic global platform partnerships. His background includes extensive executive leadership experience in ad tech. Before DoubleVerify, he was Global VP and GM at Sizmek (now part of Amazon), and previously served as CEO at Aerify Media, which was acquired by Sizmek in 2014.

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DoubleVerify (DV) faces several key risks to its business, primarily stemming from the dynamic and rapidly evolving digital advertising landscape. These risks include:

Intense Competition and Evolving Digital Advertising Landscape: DoubleVerify operates in a highly competitive environment within the digital advertising market. The company's legacy open-exchange verification model is challenged by the increasing dominance of closed platforms, such as Meta and Amazon, and the emergence of new, AI-driven competitors. This shift necessitates continuous adaptation and innovation to maintain relevance and market share against rivals with potentially greater financial and technical resources.
Technological Obsolescence and the Impact of AI on the Open Web: A significant risk for DoubleVerify is the potential for its technology to become obsolete if it fails to keep pace with rapid technological advancements in the digital advertising industry. Specifically, the rise of generative AI could structurally impact the open web by enabling users to get answers directly from AI-powered search engines, potentially leading to a decline in traffic and ad impressions for independent publishers. Since the open web is a core driver of DoubleVerify’s high-margin programmatic business, this trend presents a major risk to its future growth and revenue.
Legal and Regulatory Risks, including Data Privacy and Class-Action Litigation: DoubleVerify is exposed to legal and regulatory risks, including a class-action lawsuit alleging misleading disclosures and operational mismanagement, such as overbilling for bot-related ad impressions. Additionally, the company must continually adapt to evolving data privacy legislation and regulations, such as GDPR, LGPD, and COPPA. Changes in these regulations can restrict the collection, processing, and use of personal data, requiring DoubleVerify to alter its solutions and potentially impacting its business models and the practices of its channel partners. Failure to comply or adapt to these changes could result in reduced effectiveness of its solutions, loss of customers, and potential legal or regulatory actions.

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The increasing push by major advertising platforms (e.g., Google, Meta, Amazon, TikTok) to integrate comprehensive, AI-driven ad measurement and verification solutions directly into their ecosystems. These platforms are leveraging their extensive first-party data access and advanced machine learning capabilities to offer advertisers increasingly sophisticated tools for brand safety, fraud detection, and viewability, potentially diminishing the perceived necessity and value of independent third-party verification providers like DoubleVerify by presenting a robust, integrated alternative.

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DoubleVerify Addressable Market Sizes

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DoubleVerify (DV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

Expansion of Existing Customer Relationships: A primary driver of growth for DoubleVerify is the continuous expansion of its relationships with existing customers. This includes encouraging current advertisers to adopt additional DoubleVerify solutions and extending their usage across various channels and geographies. This strategy, often referred to as "attach, stack, and scale," leverages the company's proprietary suite of verification and optimization solutions to build deeper customer engagements.
Growth in Social Media Measurement and Activation: DoubleVerify is seeing significant traction and growth in its social media measurement and activation solutions. The company has highlighted social as one of its fastest-growing sectors, with substantial year-over-year increases in social measurement revenue. Expanding measurement coverage across key social platforms like YouTube, TikTok, and Meta is a strategic focus to capitalize on the increasing digital ad spend in this area.
Expansion in Connected TV (CTV) Measurement and Activation: Connected TV (CTV) is identified as a rapidly scaling and exciting growth driver for DoubleVerify. The company has reported strong increases in Media Transactions Measured (MTM) for CTV, significantly outpacing overall company growth. New CTV products, such as Verified Streaming TV, are being introduced to ensure high-quality ad delivery and are expected to unlock substantial revenue by addressing issues like misplaced ads.
AI-driven Product Innovation and Adoption: DoubleVerify is heavily investing in and launching new AI-powered solutions to enhance transparency and performance for advertisers. This includes the introduction and rapid adoption of offerings like DV AI Verification and DV Authentic AdVantage, which leverage AI and automation for advanced content classification and greater efficiency. A new AI Verification suite is also scheduled for a full launch in early 2026.
New Customer Acquisition and Global Market Share Expansion: While a significant portion of growth comes from existing clients, DoubleVerify also focuses on acquiring new enterprise customers and achieving global market share wins. The company has reported successfully scaling new advertiser and supply-side customers and recording its largest-ever global market share wins in recent quarters, underscoring its ability to attract new business and expand its market presence.

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Share Repurchases

DoubleVerify's Board of Directors authorized a new stock repurchase program of up to $150 million in May 2024.
As of Q3 2025, the company repurchased 8.4 million shares for $132.3 million year-to-date, with $90 million remaining under the current authorization.
In Q1 2025, DoubleVerify purchased 5.2 million shares for $82 million.

Share Issuance

In April 2021, DoubleVerify completed its Initial Public Offering (IPO) at $27.00 per share, selling 9,977,452 shares and raising approximately $269.4 million for the company.
Concurrent with the IPO in April 2021, an affiliate of Tiger Global Management purchased 1,111,111 shares from DoubleVerify in a private placement at the IPO price, contributing approximately $30 million to the company.
In November 2023, Providence, an existing stockholder, conducted a secondary offering of 12,500,000 shares at $30.45 per share; DoubleVerify did not receive any proceeds from this sale.

Inbound Investments

In October 2020, DoubleVerify secured a $350 million investment from an investor group led by Tiger Global Management, which included Fidelity Management & Research Company LLC, BlackRock, and Neuberger Berman Investment Advisers LLC.

Outbound Investments

Since 2023, DoubleVerify has invested over $200 million through acquisitions to enhance the global ad tech ecosystem.
Notable acquisitions include Scibids, an AI-powered campaign optimization startup, and Rockerbox, a leader in marketing attribution and performance measurement.
In April 2025, DoubleVerify made a strategic investment in FirstPartyCapital, an early-stage venture capital firm specializing in ad tech, martech, and digital media, to foster innovation.

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SECTOR: Communication Services

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Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DV: 20.1% | 23.2x)

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Higher Rev Chg LTM (Value for DV: 14.9%)

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Roblox

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Higher Rev Chg 3Y Avg (Value for DV: 20.1%)

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LBRDA (28.2%)

Liberty Broadband

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Roblox

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Globalstar

TTD (23.5%)

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Higher Op Mgn LTM (Value for DV: 10.9%)

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Meta Platforms

GOOGL (32.2%)

Alphabet

NFLX (29.1%)

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TMUS (22.6%)

T-Mobile US

DIS (14.6%)

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Higher CFO/Rev LTM (Value for DV: 24.0%)

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T (32.8%)

AT&T

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RBLX (26.1%)

Roblox

META (23.7%)

Meta Platforms

EA (22.7%)

Electronic Arts

NFLX (20.7%)

Netflix

Higher Total Yield (Value for DV: 2.4%)

TMUS (7.0%)

T-Mobile US

DIS (6.5%)

Walt Disney

META (3.8%)

Meta Platforms

GOOGL (3.5%)

Alphabet

NFLX (2.6%)

Netflix

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DV: 20.1% | 2.5x)

PGR (20.6% | 1.6x)

Progressive

CCL (45.9% | 1.5x)

Carnival

ACGL (28.9% | 1.9x)

Arch Capital

SLF (88.9% | 1.0x)

Sun Life Financial

LPLA (23.3% | 1.9x)

LPL Financial

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DV: 20.1% | 23.2x)

NEM (23.9% | 12.4x)

Newmont

AEM (26.0% | 17.6x)

Agnico Eagle Mines

APO (89.3% | 10.8x)

Apollo Asset Management

RCL (37.7% | 16.9x)

Royal Caribbean

CP (22.2% | 12.2x)

Canadian Pacific Kansas City

Higher Rev Chg LTM (Value for DV: 14.9%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

LLY (36.8%)

Eli Lilly

AVGO (23.9%)

Broadcom

MSFT (15.6%)

Microsoft

Higher Rev Chg 3Y Avg (Value for DV: 20.1%)

NVDA (91.6%)

NVIDIA

PLTR (29.3%)

Palantir Technologies

MU (28.3%)

Micron Technology

AVGO (25.2%)

Broadcom

LLY (23.4%)

Eli Lilly

Higher Op Mgn LTM (Value for DV: 10.9%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

AVGO (40.8%)

Broadcom

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for DV: 24.0%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

AVGO (43.1%)

Broadcom

ORCL (36.5%)

Oracle

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for DV: 19.2%)

MA (52.5%)

Mastercard

AVGO (42.1%)

Broadcom

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

AAPL (23.5%)

Apple

Higher Total Yield (Value for DV: 2.4%)

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

MSFT (3.6%)

Microsoft

AMZN (2.9%)

Amazon.com

AAPL (2.8%)

Apple

		Best Bets In Communication Services Sector
	DV	META	TTD	MTCH	PINS	CARG	NXST	TGNA	T	UPWK	FWONA
What You Pay
P/E	41.7	28.5	42.6	13.9	8.9	25.0	12.0	9.1	7.9	11.1	10.6
P/EBIT	22.1	19.6	35.4	9.4	63.2	18.2	5.7	5.2	5.1	24.0	63.2
What You Get
Rev Chg Q	11.2%	26.2%	17.7%	2.1%	16.8%	3.2%	-12.3%	-19.3%	1.6%	4.1%	19.1%
Rev Chg LTM	14.9%	21.3%	20.8%	-0.5%	16.8%	4.2%	-1.4%	-2.7%	2.0%	2.5%	8.7%
Rev Chg 3Y Avg	20.1%	17.3%	23.5%	2.7%	13.6%	-15.9%	1.2%	-2.8%	1.1%	9.7%	16.5%
FCF/Rev 3Y Avg	19.2%	29.0%	26.6%	25.8%	22.9%	18.6%	17.6%	17.4%	16.3%	15.4%	14.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	DoubleVerify Earnings Notes
2	DV Growing and Cash Generating - What's Stopping You?	Actionable
3	Can DoubleVerify Stock Hold Up When Markets Turn?	Return
4	Is The 24.0% Decline In DoubleVerify (DV) Stock A Dip Buying Opportunity?	Actionable
5	Is The 24.0% Decline In DoubleVerify (DV) Stock A Dip Buying Opportunity?	Actionable
6	Is The 20.0% Decline In DoubleVerify (DV) Stock A Dip Buying Opportunity?	Actionable
7	DoubleVerify vs Lam Research: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	How Does DoubleVerify Stock Stack Up Against Its Peers?	Peer Comparison
9	Better Bet Than DV Stock: Pay Less Than DoubleVerify To Get More From SMCI, FOUR
10	Why DoubleVerify Stock Moved: DV Stock Has Lost 69% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)

	Title
0	ARTICLES

Trade Ideas

Select ideas related to DV. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.1%	0.1%	-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-3.6%	-3.6%	-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.9%	-1.9%	-5.1%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	3.4%	3.4%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-25.7%	-25.7%	-29.8%
DV_9122025_Dip_Buyer_FCFYield	09122025	DV	DoubleVerify	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-11.7%	-11.7%	-27.9%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for DoubleVerify

Peers to compare with:

Financials

	DV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	DoubleVe.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	11.50	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	1.9	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	733	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	80	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	141	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	123	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	176	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	151	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	DV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	DoubleVe.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	14.9%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	20.1%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	11.2%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	2.7%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	10.9%	6.6%	4.8%	17.7%	22.5%	31.9%	14.3%
Op Mgn 3Y Avg	12.7%	7.4%	7.2%	16.4%	24.2%	30.8%	14.5%
QoQ Delta Op Mgn LTM	-0.9%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	24.0%	6.7%	8.5%	20.6%	23.8%	26.6%	22.2%
CFO/Rev 3Y Avg	23.6%	6.8%	12.7%	21.4%	26.1%	28.4%	22.5%
FCF/Rev LTM	19.2%	5.1%	1.8%	18.1%	22.1%	23.5%	18.6%
FCF/Rev 3Y Avg	19.2%	5.5%	4.6%	18.6%	24.6%	25.6%	18.9%

Valuation

	DV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	DoubleVe.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	1.9	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	2.5	0.4	1.0	4.4	5.4	10.0	3.4
P/EBIT	22.1	6.8	19.9	25.1	22.5	31.3	22.3
P/E	41.7	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	10.6	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	2.4%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	4.7%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.1	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	DV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	DoubleVe.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	10.2%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	-3.3%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-22.5%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-41.4%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-46.4%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	7.3%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	-7.6%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-34.8%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-57.2%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-130.7%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	How Does DoubleVerify Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	2/27/2025	2/28/2024	3/1/2023	3/8/2022	4/22/2021	3/8/2022
Key Financials
Total Revenue	733	657	573	452	333	244	183
EBITDA	138	135	138	95	57	47	62
Operating Income	80	82	86	59	27	21	39
Net Income	45	56	71	43	29	20	23
EPS	0.26	0.33	0.43	0.26	0.20	0.13	0.15
Growth Rates
Total Revenue Growth	14.9%	14.7%	26.6%	36.0%	36.4%	33.5%	75.1%
EBITDA Growth	-0.6%	-2.0%	45.7%	65.2%	22.3%	-24.9%	163.6%
Operating Income Growth	-1.4%	-3.9%	45.2%	121.2%	25.0%	-45.4%	672.3%
Net Income Growth	-32.2%	-21.3%	65.2%	47.6%	43.3%	-12.2%	633.6%
Margins
EBITDA Margin	18.9%	20.6%	24.1%	20.9%	17.2%	19.2%	34.1%
Operating Income Margin	10.9%	12.5%	15.0%	13.0%	8.0%	8.8%	21.4%
Net Income Margin	6.1%	8.6%	12.5%	9.6%	8.8%	8.4%	12.8%
Cash & Debt
Total Cash	201	311	310	268	222	33	11
Total Debt	103	92	86	84	5	27	78
Net Debt / (Cash)	-98	-219	-224	-184	-217	-6	67
Cash Flows
Net Cash from Operations	176	160	120	95	83	21	29
Free Cash from Operations	141	133	103	55	73	11	23
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	220	134	5	10	2	261	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/5/2025	5/8/2025	2/27/2025	11/6/2024	7/30/2024	5/7/2024	2/28/2024	11/9/2023	7/31/2023	5/10/2023	3/1/2023
Key Financials Quarterly
Total Revenue	189	189	165	191	170	156	141	172	144	134	123	134
Ebitda	36	30	22	49	41	24	20	54	31	27	27	39
Operating Income	21	14	7	39	26	11	7	38	18	15	15	29
Net Income	10	9	2	23	18	7	7	33	13	13	12	18
EPS	0.06	0.05	0.01	0.14	0.11	0.04	0.04	0.20	0.08	0.08	0.07	0.11
Key Financials TTM
Total Revenue TTM	733	714	681	657	638	613	591	573	534	502	478	452
Ebitda TTM	138	144	137	135	139	128	131	138	123	115	110	95
Operating Income TTM	80	85	82	82	81	74	77	86	77	73	71	59
Net Income TTM	45	53	51	56	66	61	66	71	56	53	51	43
Growth Rates Quarterly
Total Revenue Growth	11.2%	21.3%	17.2%	10.7%	17.8%	16.6%	14.8%	28.9%	28.3%	21.8%	26.7%	26.6%
EBITDA Growth	-12.6%	25.8%	11.1%	-7.6%	35.5%	-10.0%	-25.4%	36.7%	37.4%	25.6%	127.1%	56.7%
Operating Income Growth	-18.0%	22.6%	-1.9%	2.9%	41.1%	-24.5%	-54.7%	31.6%	26.7%	11.2%	431.8%	78.5%
Net Income Growth	-43.9%	17.2%	-67.0%	-29.3%	36.4%	-41.8%	-41.2%	83.2%	29.2%	24.8%	165.9%	-36.2%
Margins Quarterly
EBITDA Margin	19.2%	16.1%	13.5%	26.0%	24.4%	15.5%	14.3%	31.1%	21.2%	20.0%	22.0%	29.3%
Operating Income Margin	11.2%	7.2%	4.1%	20.3%	15.2%	7.1%	4.9%	21.9%	12.7%	10.9%	12.4%	21.4%
Net Income Margin	5.4%	4.6%	1.4%	12.3%	10.7%	4.8%	5.1%	19.2%	9.3%	9.6%	9.9%	13.5%
Cash & Debt
Total Cash	201	217	174	311	363	339	334	310	259	295	286	268
Total Debt	103	104	105	92	94	91	90	86	88	89	84	84
Net Debt / (Cash)	-98	-113	-69	-219	-268	-248	-244	-224	-171	-206	-202	-184
Cash Flows Quarterly
FCF from Operations	51	50	38	37	55	36	32	52	36	11	21	37
Cash Flows TTM
FCF from Operations TTM	176	179	166	160	174	155	130	120	104	100	119	95
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	53	0	85	81	26	26	2	1	1	2	1	1
Return on Invested Capital (ROIC) Quarterly
ROIC	9.5%	6.3%	1.4%	20.3%	10.9%	4.2%	3.4%	18.4%	7.4%	7.8%	7.5%	12.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	9.8%	9.9%	9.7%	10.9%	9.9%	8.8%	9.1%	9.8%	7.6%	8.6%	8.7%	7.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021
Single Segment	573	452	333	244
Total	573	452	333	244

Price Behavior

Price Behavior

Market Price	$11.50
Market Cap ($ Bil)	1.9
First Trading Date	04/21/2021
Distance from 52W High	-50.2%
	50 Days	200 Days
DMA Price	$10.96	$13.27
DMA Trend	down	down
Distance from DMA	5.0%	-13.3%
	3M	1YR
Volatility	45.7%	55.3%
Downside Capture	12.27	85.90
Upside Capture	-6.27	19.06
Correlation (SPY)	24.7%	28.8%

DV Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.41	1.02	0.92	1.07	0.82	1.07
Up Beta	5.96	4.41	4.06	2.77	1.19	1.30
Down Beta	0.14	1.03	0.44	0.74	0.56	0.91
Up Capture	-28%	-45%	-89%	9%	11%	35%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	7	19	26	63	126	391
Down Capture	73%	48%	130%	118%	98%	105%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	20	34	57	116	349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	8,250,211
Short Interest: % Change Since 11302025	-5.7%
Average Daily Volume	2,099,254
Days-to-Cover Short Interest	3.93
Basic Shares Quantity	162,031,000
Short % of Basic Shares	5.1%

Returns Analyses

	Title
0	Can DoubleVerify Stock Hold Up When Markets Turn?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
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%
11/9/2023	5.6%	7.4%	15.9%
...
SUMMARY STATS
# Positive	11	9	9
# Negative	6	8	8
Median Positive	4.8%	4.0%	11.7%
Median Negative	-14.6%	-8.3%	-9.2%
Max Positive	6.8%	19.5%	29.6%
Max Negative	-36.0%	-30.8%	-38.6%

	Forward Returns
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%
11/9/2023	5.6%	7.4%	15.9%
7/31/2023	-14.7%	-20.3%	-20.8%
5/10/2023	6.6%	2.7%	29.6%
3/1/2023	4.8%	1.7%	11.7%
11/8/2022	5.4%	13.0%	6.7%
8/3/2022	5.4%	15.2%	8.3%
5/10/2022	1.8%	19.5%	24.5%
2/25/2022	6.8%	2.6%	-2.0%
11/9/2021	1.9%	-3.2%	-8.0%
5/26/2021	4.7%	-1.1%	24.1%
SUMMARY STATS
# Positive	11	9	9
# Negative	6	8	8
Median Positive	4.8%	4.0%	11.7%
Median Negative	-14.6%	-8.3%	-9.2%
Max Positive	6.8%	19.5%	29.6%
Max Negative	-36.0%	-30.8%	-38.6%

SEC Filings

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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

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Grimmig Andrew E	Chief Legal Officer	11052025	Sell	11.30	1,000	11,300	1,065,601	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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DoubleVerify (DV)

Market Price (12/28/2025): $11.495 | Market Cap: $1.9 BilSector: Communication Services | Industry: Advertising

DoubleVerify (DV)

Market Price (12/28/2025): $11.495Market Cap: $1.9 BilSector: Communication ServicesIndustry: Advertising

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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DV Stock

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About DoubleVerify (DV)

Major Products and Services of DoubleVerify (DV)

DoubleVerify (DV) Major Customers

Interactive Breakdown

Better Bets than DoubleVerify (DV)

INDUSTRY: Advertising

Higher Rev Chg 3Y Avg | Lower P/S (Values for DV: 20.1% | 2.5x)

Higher Rev Chg LTM (Value for DV: 14.9%)

Higher Rev Chg 3Y Avg (Value for DV: 20.1%)

Higher Op Mgn LTM (Value for DV: 10.9%)

Higher CFO/Rev LTM (Value for DV: 24.0%)

Higher FCF/Rev LTM (Value for DV: 19.2%)

Higher Total Yield (Value for DV: 2.4%)

SECTOR: Communication Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for DV: 20.1% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DV: 20.1% | 23.2x)

Higher Rev Chg LTM (Value for DV: 14.9%)

Higher Rev Chg 3Y Avg (Value for DV: 20.1%)

Higher Op Mgn LTM (Value for DV: 10.9%)

Higher CFO/Rev LTM (Value for DV: 24.0%)

Higher FCF/Rev LTM (Value for DV: 19.2%)

Higher Total Yield (Value for DV: 2.4%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DV: 20.1% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DV: 20.1% | 23.2x)

Higher Rev Chg LTM (Value for DV: 14.9%)

Higher Rev Chg 3Y Avg (Value for DV: 20.1%)

Higher Op Mgn LTM (Value for DV: 10.9%)

Higher CFO/Rev LTM (Value for DV: 24.0%)

Higher FCF/Rev LTM (Value for DV: 19.2%)

Higher Total Yield (Value for DV: 2.4%)

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Market Price (12/28/2025): $11.495 | Market Cap: $1.9 Bil
Sector: Communication Services | Industry: Advertising

Market Price (12/28/2025): $11.495
Market Cap: $1.9 Bil
Sector: Communication Services
Industry: Advertising