DoubleVerify Holdings Inc. (DV) financial statements: income statement, balance sheet and cash flow

DoubleVerify Holdings Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), DoubleVerify Holdings Inc. reported revenue of $748.3M (+13.9% year on year) and net income of $50.6M (-9.9% year on year).

Income statement

DoubleVerify Holdings Inc. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$748.3M	$656.8M	$572.5M	$452.4M
Cost of revenue (exclusive of depreciation and amortization shown separately below)	$133.5M	$116.5M	$106.6M	$77.9M
Product development	$178.4M	$153.0M	$125.4M	$95.1M
Sales, marketing and customer support	$190.8M	$167.5M	$126.0M	$107.4M
General and administrative	$109.7M	$92.1M	$88.0M	$78.7M
Depreciation and amortization	$56.6M	$45.2M	$40.9M	$34.3M
Income from operations	$79.2M	$82.4M	$85.7M	$59.0M
Interest expense	$1.7M	$1.1M	$1.1M	$905.0K
Other income, net	($5.2M)	($7.5M)	($11.2M)	($1.2M)
Income before income taxes	$82.7M	$88.8M	$95.9M	$59.4M
Income tax expense	$32.1M	$32.6M	$24.4M	$16.1M
Basic	$0.31	$0.33	$0.43	$0.26
Diluted	$0.30	$0.32	$0.41	$0.25
Basic	162.8M	170.5M	167.8M	163.9M
Diluted	166.7M	175.1M	173.4M	170.8M
Net income	$50.6M	$56.2M	$71.5M	$43.3M
Foreign currency cumulative translation adjustment	$28.0M	($11.9M)	$3.5M	($5.6M)
Total comprehensive income	$78.7M	$44.3M	$75.0M	$37.7M

DoubleVerify Holdings Inc. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenue	$193.8M	$180.8M	$188.6M	$189.0M
Cost of revenue (exclusive of depreciation and amortization shown separately below)	$32.5M	$33.2M	$33.5M	$33.1M
Product development	$46.4M	$45.4M	$44.8M	$47.2M
Sales, marketing and customer support	$48.3M	$45.6M	$47.0M	$50.9M
General and administrative	$27.0M	$25.7M	$27.0M	$29.6M
Depreciation and amortization	$16.7M	$15.3M	$15.2M	$14.7M
Income from operations	$23.0M	$15.6M	$21.1M	$13.5M
Interest expense	$475.0K	$413.0K	$467.0K	$443.0K
Other expense (income), net	$644.0K	$993.0K	$99.0K	($2.1M)
Income before income taxes	$21.9M	$14.2M	$20.5M	$15.2M
Income tax expense	$9.0M	$7.8M	$10.3M	$6.5M
Basic	$0.08	$0.04	$0.06	$0.05
Diluted	$0.08	$0.04	$0.06	$0.05
Basic	154.0M	160.8M	162.0M	162.7M
Diluted	157.9M	164.1M	166.5M	166.7M
Net income	$12.9M	$6.4M	$10.2M	$8.8M
Foreign currency cumulative translation adjustment	$242.0K	($4.9M)	$839.0K	$19.4M
Total comprehensive income	$13.2M	$1.5M	$11.0M	$28.1M

Balance sheet

DoubleVerify Holdings Inc. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$259.0M	$292.8M	$310.1M	$267.8M
Trade receivables, net of allowances for doubtful accounts of $8,096 and $9,003 as of December 31, 2025 and December 31, 2024, respectively	$221.2M	$226.2M	$206.9M	$167.1M
Prepaid expenses and other current assets	$39.1M	$22.2M	$15.9M	$10.2M
Total current assets	$519.3M	$559.1M	$533.0M	$445.1M
Property, plant and equipment, net	$103.3M	$70.2M	$58.0M	$47.0M
Operating lease right-of-use assets, net	$66.9M	$67.7M	$60.5M	$64.7M
Goodwill	$516.0M	$427.6M	$436.0M	$343.0M
Intangible assets, net	$101.6M	$110.4M	$140.9M	$135.4M
Deferred tax assets	$30.9M	$35.5M	$13.1M	$35.0K
Other non-current assets	$16.0M	$5.8M	$1.6M	$1.7M
Total assets	$1.4B	$1.3B	$1.2B	$1.0B
Trade payables	$14.7M	$11.6M	$12.9M	$6.7M
Accrued expense	$73.6M	$54.5M	$44.3M	$33.1M
Operating lease liabilities, current	$9.1M	$11.0M	$9.0M	$7.0M
Income tax liabilities	$3.8M	$15.6M	$5.8M	$12.0M
Current portion of finance lease obligations	$7.0M	$2.5M	$2.9M	$1.8M
Other current liabilities	$13.5M	$8.2M	$8.9M	$8.3M
Total current liabilities	$121.6M	$103.5M	$83.9M	$68.9M
Operating lease liabilities, non-current	$77.9M	$77.3M	$71.6M	$74.1M
Finance lease obligations	$5.6M	$812.0K	$2.9M	$779.0K
Deferred tax liabilities	$11.5M	$8.5M	$8.1M	$12.9M
Other non-current liabilities	$6.2M	$2.7M	$2.7M	$3.5M
Total liabilities	$222.8M	$192.8M	$169.1M	$160.2M
Common stock, $0.001 par value, 1,000,000 shares authorized, 176,546 shares issued and 161,900 outstanding as of December 31, 2025; 1,000,000 shares authorized, 174,003 shares issued and 167,069 outstanding as of December 31, 2024	177.0K	174.0K	171.0K	165.0K
Additional paid-in capital	$1.1B	$974.4M	$878.3M	$756.3M
Treasury stock, at cost, 14,646 shares and 6,934 shares as of December 31, 2025 and December 31, 2024, respectively	-248.0M	-131.6M	-743.0K	-796.0K
Retained earnings	$305.9M	$255.2M	$199.0M	$127.5M
Accumulated other comprehensive income (loss), net of income taxes	$13.3M	($14.7M)	($2.8M)	($6.3M)
Total stockholders' equity	$1.1B	$1.1B	$1.1B	$876.9M
Total liabilities and stockholders' equity	$1.4B	$1.3B	$1.2B	$1.0B

DoubleVerify Holdings Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$210.2M	$173.8M	$200.7M	$211.8M
Trade receivables, net of allowances for doubtful accounts of $9,133 and $8,096 as of June 30, 2026 and December 31, 2025, respectively	$214.9M	$222.6M	$217.6M	$188.9M
Prepaid expenses and other current assets	$46.3M	$55.0M	$58.6M	$56.7M
Total current assets	$471.4M	$451.4M	$476.9M	$462.4M
Property, plant and equipment, net	$129.1M	$106.2M	$98.4M	$91.9M
Operating lease right-of-use assets, net	$63.1M	$64.9M	$68.5M	$67.5M
Goodwill	$511.6M	$512.5M	$517.0M	$516.6M
Intangible assets, net	$87.9M	$94.5M	$108.2M	$116.1M
Deferred tax assets	$31.0M	$29.0M	$14.2M	$31.3M
Other non-current assets	$16.1M	$15.9M	$12.8M	$11.2M
Total assets	$1.3B	$1.3B	$1.3B	$1.3B
Trade payables	$13.0M	$12.5M	$13.3M	$13.1M
Accrued expense	$52.4M	$49.5M	$70.4M	$58.9M
Operating lease liabilities, current	$7.9M	$8.3M	$9.8M	$10.3M
Income tax liabilities	$2.0M	$2.6M	$549.0K	$683.0K
Current portion of finance lease obligations	$12.8M	$6.6M	$7.4M	$7.8M
Other current liabilities	$16.7M	$15.2M	$18.4M	$14.1M
Total current liabilities	$104.8M	$94.6M	$119.9M	$104.9M
Operating lease liabilities, non-current	$74.7M	$76.2M	$79.1M	$77.6M
Finance lease obligations	$16.4M	$4.4M	$6.8M	$7.9M
Deferred tax liabilities	$13.1M	$10.9M	$8.3M	$8.6M
Other non-current liabilities	$6.7M	$7.0M	$5.6M	$7.9M
Total liabilities	$215.6M	$193.1M	$219.6M	$206.9M
Common stock, $0.001 par value, 1,000,000 shares authorized, 177,110 shares issued and 154,935 outstanding as of June 30, 2026; 1,000,000 shares authorized, 176,546 shares issued and 161,900 outstanding as of December 31, 2025	177.0K	177.0K	176.0K	176.0K
Additional paid-in capital	$1.1B	$1.1B	$1.0B	$1.0B
Treasury stock, at cost, 22,175 shares and 14,646 shares as of June 30, 2026 and December 31, 2025, respectively	-313.2M	-304.9M	-260.0M	-217.1M
Retained earnings	$325.2M	$312.3M	$276.5M	$266.3M
Accumulated other comprehensive income, net of income taxes	$8.6M	$8.4M	$13.0M	$12.2M
Total stockholders' equity	$1.1B	$1.1B	$1.1B	$1.1B
Total liabilities and stockholders' equity	$1.3B	$1.3B	$1.3B	$1.3B

Cash flow statement

DoubleVerify Holdings Inc. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$50.6M	$56.2M	$71.5M	$43.3M
Bad debt expense	$3.2M	$5.0M	$10.1M	$5.0M
Depreciation and amortization expense	$56.6M	$45.2M	$40.9M	$34.3M
Amortization of debt issuance costs	$434.0K	$442.0K	$294.0K	$294.0K
Non-cash lease expense	$7.9M	$7.2M	$6.7M	$7.3M
Deferred taxes	$3.8M	($21.7M)	($25.0M)	($19.6M)
Stock-based compensation expense	$104.2M	$90.7M	$59.2M	$42.3M
Interest expense, net	$293.0K	$60.0K	$68.0K	$107.0K
Loss on disposal of fixed assets	$101.0K	—	$5.0K	$1.4M
Other	$992.0K	$3.3M	$492.0K	$87.0K
Trade receivables	$6.5M	($26.7M)	($43.7M)	($49.8M)
Prepaid expenses and other assets	($19.3M)	($11.4M)	($5.6M)	$9.1M
Trade payables	$2.3M	($1.1M)	$5.5M	$2.9M
Accrued expenses and other liabilities	($6.5M)	$12.3M	$530.0K	$16.6M
Net cash provided by operating activities	$211.2M	$159.7M	$119.7M	$94.9M
Purchase of property, plant and equipment	($38.5M)	($27.1M)	($17.0M)	($40.0M)
Acquisition of businesses, net of cash acquired	($82.6M)	—	($67.2M)	—
Proceeds from maturity of short-term investments	$17.8M	$81.9M	—	—
Other investing activities	($2.0M)	—	—	—
Net cash used in investing activities	($105.4M)	($44.8M)	($84.2M)	($40.0M)
Proceeds from common stock issued upon exercise of stock options	$886.0K	$3.3M	$10.7M	$5.8M
Proceeds from common stock issued under employee purchase plan	2.5M	3.5M	2.7M	1.7M
Finance lease payments	($4.6M)	($2.5M)	($2.3M)	($1.9M)
Shares repurchased under the Repurchase Program and New Repurchase Program	-132.3M	-128.0M	-4.6M	-10.2M
Payment of excise tax on shares repurchased	-668.0K	—	—	—
Shares repurchased for settlement of employee tax withholdings	-9.8M	-5.8M	—	—
Net cash (used in) provided by financing activities	($143.9M)	($129.4M)	$6.5M	($7.9M)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	$4.4M	($1.9M)	$338.0K	($784.0K)
Net (decrease) increase in cash, cash equivalents, and restricted cash	($33.7M)	($16.5M)	$42.3M	$46.2M
Cash, cash equivalents, and restricted cash - Beginning of period	$293.7M	$310.3M	$267.9M	$221.7M
Cash, cash equivalents, and restricted cash - End of period	$260.0M	$293.7M	$310.3M	$267.9M
Cash paid for interest	$1.2M	$479.0K	$714.0K	$554.0K
Right-of-use assets obtained in exchange for new operating lease liabilities, net of impairments and tenant improvement allowances	$5.5M	$14.1M	$2.5M	$72.0M
Acquisition of equipment under finance lease	$13.8M	—	$5.5M	—
Capital assets financed by accounts payable and accrued expenses	$99.0K	$6.0K	$261.0K	$12.0K
Stock-based compensation included in capitalized software development costs	$4.6M	$2.1M	$1.1M	$480.0K
Accrued excise tax on net share repurchases	$884.0K	$668.0K	—	—

DoubleVerify Holdings Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$19.3M	$6.4M	$21.3M	$11.1M
Bad debt expense	$2.4M	$1.4M	$1.9M	$1.5M
Depreciation and amortization expense	$32.0M	$15.3M	$42.3M	$27.1M
Amortization of debt issuance costs	$217.0K	$109.0K	$326.0K	$217.0K
Non-cash lease expense	$4.2M	$2.1M	$5.9M	$3.9M
Deferred taxes	$1.6M	$1.5M	$17.1M	$298.0K
Stock-based compensation expense	$49.8M	$24.2M	$78.7M	$51.3M
Interest expense, net	$348.0K	$273.0K	$321.0K	$255.0K
Other	$804.0K	$916.0K	$771.0K	($419.0K)
Trade receivables	$3.0M	($3.7M)	$11.6M	$41.0M
Prepaid expenses and other assets	($7.1M)	($16.3M)	($36.8M)	($32.8M)
Trade payables	($1.6M)	($2.1M)	$1.1M	$638.0K
Accrued expenses and other liabilities	($24.5M)	($26.1M)	($6.1M)	($16.9M)
Net cash provided by operating activities	$80.4M	$4.2M	$138.5M	$87.3M
Purchase of property, plant and equipment	($21.1M)	($10.5M)	($28.0M)	($15.8M)
Net cash used in investing activities	($21.1M)	($10.5M)	($93.8M)	($86.7M)
Proceeds from common stock issued upon exercise of stock options	$1.3M	$43.0K	$630.0K	$370.0K
Proceeds from common stock issued under employee purchase plan	$1.0M	—	$1.6M	$1.6M
Finance lease payments	($3.2M)	($1.6M)	($2.9M)	($1.4M)
Shares repurchased under authorized repurchase programs	-100.2M	-75.1M	-132.3M	-82.2M
Payment of excise tax on shares repurchased	-884.0K	—	-668.0K	-668.0K
Shares repurchased for settlement of employee tax withholdings	-5.5M	-1.4M	-7.1M	-3.7M
Net cash used in financing activities	($107.4M)	($78.1M)	($140.8M)	($86.0M)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	($821.0K)	($746.0K)	$4.1M	$4.5M
Net decrease in cash, cash equivalents, and restricted cash	($48.9M)	($85.3M)	($92.0M)	($80.9M)
Cash, cash equivalents, and restricted cash - Beginning of period	$260.0M	$260.0M	$293.7M	$293.7M
Cash, cash equivalents, and restricted cash - End of period	$211.1M	$174.8M	$201.7M	$212.8M
Cash paid for interest	$573.0K	$300.0K	$878.0K	$500.0K
Right-of-use assets obtained in exchange for new operating lease liabilities, net of impairments and tenant improvement allowances	$245.0K	$245.0K	$5.1M	$2.2M
Acquisition of equipment under finance lease	$19.8M	—	$13.8M	$13.8M
Capital assets financed by accounts payable and accrued expenses	$66.0K	$55.0K	$35.0K	$249.0K
Stock-based compensation included in capitalized software development costs	$2.8M	$1.4M	$3.2M	$1.8M
Accrued excise tax on net share repurchases	$715.0K	$618.0K	$971.0K	$575.0K

DoubleVerify Holdings Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.