DoubleVerify Holdings, Inc. (DV) Income Statement
DV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDV revenue and net income
Where DV's revenue goes
2025Each bar shows an amount and its share of revenue. DV kept 6.8% of revenue as net income.
DV profit margins
DV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.9% | +18.3% | +25.1% | — |
| Gross profit | +13.8% | +18.0% | +24.2% | — |
| Operating income | −3.9% | +10.3% | +30.0% | — |
| Net income | −9.9% | +5.4% | +19.9% | — |
| EPS (diluted) | −1.6% | +30.3% | +47.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DV quarterly EPS vs estimates
DoubleVerify beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.16).
DV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $748.3M | $656.8M | $572.5M | $452.4M | $332.7M | $243.9M | $182.7M | $104.3M |
| Cost of revenue | $133.5M | $116.5M | $106.6M | $77.9M | $54.4M | $35.8M | $24.8M | $18.5M |
| Gross profit | $614.8M | $540.3M | $465.9M | $374.6M | $278.4M | $208.2M | $157.8M | $85.8M |
| Research & development | $178.4M | $153.0M | $125.4M | $95.1M | $62.7M | $47.0M | $31.6M | $24.2M |
| Sales, general & admin | $300.6M | $259.7M | $213.9M | $186.1M | $158.7M | $115.2M | $65.3M | $37.9M |
| Total operating expenses | $535.6M | $457.9M | $380.2M | $315.5M | $251.7M | $186.8M | $118.7M | $80.7M |
| Operating income | $79.2M | $82.4M | $85.7M | $59.0M | $26.7M | $21.4M | $39.1M | $5.1M |
| Interest income | $4.6M | $12.7M | $10.8M | $905,000 | $1.2M | $4.9M | $5.2M | $3.1M |
| Interest expense | $1.7M | $1.1M | $1.1M | $905,000 | $1.2M | $4.9M | $5.2M | $3.1M |
| Income before taxes | $82.7M | $88.8M | $95.9M | $59.4M | $25.8M | $17.3M | $35.4M | $2.0M |
| Income taxes | $32.1M | $32.6M | $24.4M | $16.1M | −$3.5M | −$3.1M | $12.1M | −$1.2M |
| Net income | $50.6M | $56.2M | $71.5M | $43.3M | $29.3M | $20.5M | $23.3M | $3.2M |
| EBITDA | $141.0M | $135.1M | $137.8M | $94.6M | $57.3M | $46.8M | $62.4M | $23.7M |
| EPS (diluted) | $0.62 | $0.63 | $0.57 | $0.28 | $0.31 | $0.09 | $0.16 | $0.02 |
| Gross margin | 82.2% | 82.3% | 81.4% | 82.8% | 83.7% | 85.3% | 86.4% | 82.2% |
| Operating margin | 10.6% | 12.5% | 15.0% | 13.0% | 8.0% | 8.8% | 21.4% | 4.9% |
| Net margin | 6.8% | 8.6% | 12.5% | 9.6% | 8.8% | 8.4% | 12.8% | 3.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $193.8M | $180.8M | $205.6M | $188.6M | $189.0M | $165.1M | $190.6M | $169.6M | $155.9M | $140.8M | $172.2M | $144.0M |
| Cost of revenue | $32.5M | $48.5M | $35.9M | $33.5M | $33.1M | $31.0M | $34.3M | $29.5M | $26.1M | $26.6M | $30.0M | $26.5M |
| Gross profit | $161.3M | $132.3M | $169.6M | $155.2M | $155.9M | $134.1M | $156.3M | $140.1M | $129.8M | $114.2M | $142.2M | $117.5M |
| Research & development | $46.4M | $45.4M | $41.7M | $44.8M | $47.2M | $44.7M | $37.5M | $39.3M | $39.8M | $36.4M | $32.6M | $32.3M |
| Sales, general & admin | $75.2M | $71.3M | $75.9M | $74.0M | $80.4M | $70.2M | $68.2M | $63.6M | $67.9M | $59.9M | $60.5M | $56.3M |
| Total operating expenses | $138.3M | $116.7M | $131.9M | $134.1M | $142.3M | $127.3M | $117.6M | $114.4M | $118.7M | $107.3M | $104.6M | $99.3M |
| Operating income | $23.0M | $15.6M | $37.8M | $21.1M | $13.5M | $6.8M | $38.8M | $25.7M | $11.0M | $6.9M | $37.6M | $18.2M |
| Interest income | $604,000 | $968,000 | $909,000 | $954,000 | $743,000 | $2.0M | $2.9M | $3.2M | $3.3M | $3.3M | — | $288,000 |
| Interest expense | $475,000 | $413,000 | $403,000 | $467,000 | $443,000 | $420,000 | $300,000 | $353,000 | $233,000 | $232,000 | $275,000 | $288,000 |
| Income before taxes | $21.9M | $14.2M | $37.4M | $20.5M | $15.2M | $9.5M | $37.4M | $29.6M | $12.9M | $8.9M | $41.7M | $19.6M |
| Income taxes | $9.0M | $7.8M | $8.1M | $10.3M | $6.5M | $7.2M | $14.0M | $11.4M | $5.4M | $1.8M | $8.6M | $6.2M |
| Net income | $12.9M | $6.4M | $29.3M | $10.2M | $8.8M | $2.4M | $23.4M | $18.2M | $7.5M | $7.2M | $33.1M | $13.3M |
| EBITDA | $39.0M | $30.0M | $52.1M | $36.2M | $30.4M | $22.3M | $49.5M | $41.4M | $24.1M | $20.1M | $53.5M | $30.6M |
| EPS (diluted) | $0.11 | $0.17 | $0.20 | $0.22 | $0.15 | $0.05 | $0.21 | $0.17 | $0.12 | $0.13 | $0.19 | $0.14 |
| Gross margin | 83.2% | 73.2% | 82.5% | 82.3% | 82.5% | 81.2% | 82.0% | 82.6% | 83.3% | 81.1% | 82.6% | 81.6% |
| Operating margin | 11.9% | 8.6% | 18.4% | 11.2% | 7.2% | 4.1% | 20.3% | 15.2% | 7.1% | 4.9% | 21.9% | 12.7% |
| Net margin | 6.7% | 3.5% | 14.3% | 5.4% | 4.6% | 1.4% | 12.3% | 10.7% | 4.8% | 5.1% | 19.2% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DV's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DV financial results
In fiscal year 2025 (ended December 31, 2025), DoubleVerify reported revenue of $748.3 million, up 13.9% from the year before. It had net income of $50.6 million (down 9.9%), a net profit margin of 6.8%. Diluted earnings per share came to $0.62. Over five years revenue grew at an average rate of 25.1% a year.
See the DV stock overview for the latest quote and news, or the DV chart for price history and technical indicators.
DV income statement FAQ
What is DoubleVerify's annual revenue?
DoubleVerify reported total revenue of $748.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.9% from $656.8 million the previous year.
Is DoubleVerify profitable?
Yes. DoubleVerify reported net income of $50.6 million in fiscal 2025, a net profit margin of 6.8%; its operating margin was 10.6%.
What is DoubleVerify's gross margin?
DoubleVerify's gross margin was 82.2% in fiscal 2025: for every $100 of revenue, DoubleVerify kept $82 after the direct cost of its products and services.
How much does DoubleVerify spend on research and development?
DoubleVerify spent $178.4 million on research and development in fiscal 2025, 23.8% of revenue.
How fast is DoubleVerify growing?
Revenue grew 25.1% a year on average over the last five fiscal years, from $243.9 million to $748.3 million.
What are DoubleVerify's earnings per share?
DoubleVerify earned $0.62 per diluted share in fiscal 2025, compared with $0.63 a year earlier.
When will DoubleVerify report its next earnings?
DoubleVerify is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does DoubleVerify's fiscal year end?
DoubleVerify's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.