DV
DoubleVerify Holdings, Inc.11.17
+0.34+3.14%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Retail miss clarified; AI early innings
Q&A pinned Q4's revenue shortfall on unanticipated agency-driven retail pullbacks, yet management stood firm on Q1's 9% growth via Social/CTV ramps and healthcare/tech strength offsetting retail woes. Pricing slipped 3% from social mix shift lacking full premium pre-bid penetration—temporary, they say. AI's in the first inning, fueling internal efficiencies like 4x productivity and external tools like social SlopStopper. Headcount to stabilize. Year-three customer growth hits 22%. Watch new-product scaling to beat conservative 8-10% guide.
Key Stats
Market Cap
1.83BP/E (TTM)
42.96Basic EPS (TTM)
0.26Dividend Yield
0%Recent Filings
8-K
Q4 results, $300M buyback
DoubleVerify posted 2025 revenue of $748.3 million, up 14% year-over-year, with adjusted EBITDA of $245.6 million at 33% margin. Board approved $300 million share repurchase program, DV's largest ever, replacing the prior one. No debt, $260 million cash. Guides 2026 revenue growth of 8-10%. Repurchases flexible.
10-K
FY2025 results
DoubleVerify drove FY2025 revenue to $748M, up 14% y/y, fueled by 15% growth in Activation to $427M and 25% in Supply-side to $71M, while Q4 hit a record $206M—8% above Q3 and 8% y/y. Q4 margins held firm at 38% Adjusted EBITDA despite heavy R&D and sales investments, capping annual net income at $51M versus $56M prior year. Rockerbox acquisition bolstered measurement; $259M cash supports $132M buybacks. Q4 accelerated sequential growth. Seasonal ad fluctuations threaten Q1 momentum.
8-K
Q3 revenue up 11%
DoubleVerify posted Q3 revenue of $188.6M, up 11% year-over-year, with adjusted EBITDA hitting $65.9M at 35% margins. Supply-side revenue surged 27% while CTV MTM jumped 30%, fueled by AI tools like DV AI Verification and Authentic Advantage. Repurchased 3.3M shares for $50.1M. Raised full-year adjusted EBITDA margin guidance to 33%. Margins expanded sharply.
10-Q
Q3 FY2025 results
DoubleVerify posted Q3 revenue of $188.6M, up 11% y/y from $169.6M, with Activation up 10%, Measurement 9%, and Supply-side surging 27%; YTD revenue hit $542.7M, +16% y/y. Operating income dipped to $21.1M from $25.7M y/y amid higher expenses, yet diluted EPS held at $0.06 on 166.5M shares—reconciles cleanly despite anti-dilutive awards. Closed Rockerbox in March 2025 for $82.3M net cash, recognizing $72.1M goodwill and $17.7M finite-lived intangibles (6.3-year life). Cash at $200.7M after $138.5M OCF less $28.0M capex (FCF $110.5M, derived); $200M revolver undrawn, compliant. Aggressive buybacks trimmed shares. Litigation risk lingers.
8-K
Eddleman steps down, Mougis steps up
DoubleVerify's Executive VP and Global Chief Commercial Officer Julie Eddleman resigned effective December 31, 2025, to pursue other interests, but will consult as Senior Advisor through mid-2026 at $350/hour. Chief Growth Officer Steve Mougis assumes her role January 1, 2026, with Gian LaVecchia becoming Chief Revenue Officer and Joris Stevens joining as SVP Global Account Management. Transition secured. Leadership evolves smoothly.
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