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Doubleverify Holdings, Inc. key statistics and ratios

In fiscal 2025, Doubleverify Holdings, Inc. had return on equity of 4.6% and a net margin of 6.8%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin12.8%8.4%8.8%9.6%12.5%8.6%6.8%8.2%
Return on equity7.3%5.6%4.8%5.2%7.3%5.2%4.6%5.7%
Return on assets—4.0%4.2%4.5%6.3%4.5%3.9%4.8%
Effective tax rate34.1%−18.2%−13.5%27.1%25.5%36.7%38.8%36.4%
R&D as % of revenue17.3%19.3%18.8%21.0%21.9%23.3%23.8%22.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · September 30, 2026
What it owns · $1.3bn
Short-term assets $521mLonger-term assets $829m
What it owes, and who funded it · $1.3bn
Short-term liabilities $111mLonger-term liabilities $106mShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $521m of assets due within a year against $111m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $521m short-term assets against $106m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $105m against $2m of interest.

From Doubleverify Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Doubleverify Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 21.0% of total assets over 5 years.

  • Pricing power 20 / 20

    Gross margin has been a median 82.3%, moving by 0.9 percentage points (standard deviation) across 6 years.

  • Durability 8 / 20

    Operating margin has been a median 11.8%; its worst year was 4.7%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 6 of 6 years, at a median 18.3% of revenue.

  • Discipline 4 / 20

    The diluted share count rose 9.3% over five years; stock-based pay has been a median 11.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (71 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DV vs MGNIDV vs THRYDV vs TEAD

More: Advertising stocks compared, Communication Services sector, rankings of US companies

Figures from Doubleverify Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Doubleverify Holdings, Inc.