Loading…
Verifies digital ad quality, measuring viewability, brand safety and fraud for advertisers and platforms.
Verifies digital ad quality, measuring viewability, brand safety and fraud for advertisers and platforms.
Charges brands and agencies a fee per thousand ad impressions it checks, so revenue rises with the volume of advertising measured, not with the number of users. Besides reporting after the fact, it sells tools that block poor placements before an ad is bought.
Moat: narrow (data, scale, switching costs). Trusted, independent third-party measurement embedded into advertiser workflows is hard to displace quickly.
Headquarters: New York, New York, United States · Founded: 2008 · Employees: 1,231
Size DoubleVerify (DV) is a United States Information Technology company (Packaged Software) with a market value of $2.12B, the 1757th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.56 on 6 Nov 2026.
Performance Over six months the shares gained 22.6%, against +5.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +12.0%); the operating margin is 13.7% (peer median -1.6%).
Valuation It trades at 21.3× forward earnings against a peer median of 30.0× (7th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points below its cost of capital (9.3% WACC).
Backlog Backlog (remaining performance obligations) was $42.3M at 31 Dec 2025, up 35% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $786M | $748M | $657M | $573M | $452M |
| Revenue growth | — | +14% | +15% | +27% | — |
| Gross profit | $581M | $558M | $495M | $425M | $340M |
| EBITDA | $172M | $137M | $128M | $129M | $103M |
| Net income | $64.6M | $50.6M | $56.2M | $71.5M | $43.3M |
| Free cash flow | $167M | $173M | $133M | $103M | $54.9M |
| Capital expenditure | $41.9M | $38.5M | $27.1M | $17.0M | $40.0M |
| Total debt | $108M | $99.6M | $91.7M | $86.4M | $83.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | +9.2% | 7th lowest of 21 |
| 6-month return | +22.6% | +5.8% | 9th highest of 21 |
| Distance from 52-week high | -0.7% | -31.7% | highest of 21 |
| Revenue growth (TTM) | +7.2% | +12.0% | 7th lowest of 21 |
| Operating margin | 13.7% | -1.6% | 5th highest of 21 |
| Forward P/E | 21.3× | 30.0× | 7th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 9.7% | 16.6% | 6th least demanding of 15 |
| Growth delivered (Del g) | +25.1% | +9.5% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -15.4 pp | +6.5 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | -0.8 pp | -10.9 pp | 5th highest of 17 |
| EV / EBITDA | 11.5× | 8.6× | 2nd most expensive of 8 |
| Net debt / EBITDA | -0.8× | -0.8× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DoubleVerify DV | United States | $2.12B | +23% | +7% | 14% | 21.3× | 9.7% | +25.1% |
| Pitney Bowes PBI | United States | $2.11B | -1% | -4% | 25% | 9.6× | -5.4% | -11.8% |
| Five9 FIVN | United States | $2.10B | +27% | +9% | 6% | 8.1× | 17.9% | +21.4% |
| Amplitude AMPL | United States | $2.09B | +161% | +18% | -27% | 109.2× | 36.9% | +27.4% |
| Embracer EMBRAC-B.ST | Sweden | $2.08B | +37% | -31% | -43% | 16.4× | -9.8% | +12.0% |
| UCloud Technology 688158.SS | China | $2.08B | -34% | +26% | 2% | 499.0× | n/a | n/a |
| Ethos Technologies LIFE | United States | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% | n/a |
| Zhejiang Digital Culture Technology 600633.SS | China | $2.06B | -15% | +14% | 10% | 20.8× | 15.4% | -2.8% |
| SeeWay.ai 002405.SZ | China | $2.18B | -32% | +22% | -29% | n/a | n/a | n/a |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 19.6× | -1.1% | +31.9% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | n/a | 43.2% | -12.5% |
| Schrodinger SDGR | United States | $2.23B | +125% | +9% | -59% | n/a | n/a | n/a |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| NetScout Systems NTCT | United States | $2.29B | -19% | +6% | 15% | 11.6× | -0.1% | +0.7% |
| Shanghai Suochen Information Technology 688507.SS | China | $2.31B | +97% | +32% | -2% | 196.7× | n/a | n/a |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
DoubleVerify reported $42.3M of remaining performance obligations at 31 Dec 2025, up 35% from a year earlier. That is 0.1 years of trailing revenue already under contract.