10-K · February 26, 2026
DoubleVerify presents a scalable, data-driven media measurement platform with multi-year growth and strong customer economics. The company measured ~9.5 trillion Media Transactions in 2025 (up from 8.3T in 2024 and 7.0T…
Earnings analysis · 10-Q
DV earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
DoubleVerify reported Q1 2026 total revenues of $180.8 million, slightly exceeding the consensus estimate of $179.9 million, marking a 10% year-over-year increase. However, EPS fell short at $0.04, significantly below…
Read full summary
DoubleVerify reported Q1 2026 total revenues of $180.8 million, slightly exceeding the consensus estimate of $179.9 million, marking a 10% year-over-year increase. However, EPS fell short at $0.04, significantly below expectations of $0.17. Management provided a Q2 revenue guidance of $199-205 million, affirming their full-year revenue targets.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.04
What stood out
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Revenue Exceeds Expectations
Reported revenue of $180.8 million surpassed the consensus estimate of $179.9 million, showing a 10% growth year-over-year.
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Stable Gross Margin
Gross margin remained high at 82%, consistent with previous quarters.
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Share Repurchase Program
The company repurchased 7,270 shares at an average price of $10.32 in March 2026.
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Q2 Revenue Guidance Provided
Management expects Q2 2026 revenues to be between $199 million and $205 million.
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Operating Profit Improvement
Operating margin improved to 10.5% from 4.1% in Q1 2025, reflecting better cost management.
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Cash Flow Resilience
Free cash flow remained positive at $31 million, demonstrating strong operational cash generation.
What to watch
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Significant EPS Miss
EPS fell to $0.04, missing the estimated $0.17 by a wide margin.
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Dependence on Advertising Market
Continued reliance on the advertising market poses risks amid potential market fluctuations.
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No Material Risk Factor Changes
Management noted there were no changes to risk factors compared to the 2025 10-K.
Management's outlook
Guidance for Q2 revenue growth set at approximately 7% at midpoint; full-year revenue guidance remains unchanged.
Earlier filings 4
10-Q · August 5, 2025
DoubleVerify reported Q2 revenue of $189.021 million, up from $155.890 million a year ago, driven by Activation ($108.950M) and Measurement ($62.895M). Operating income rose to $13.548 million (operating margin ~7.2%)…
10-Q · May 8, 2025
DoubleVerify reported quarterly revenue of $165.061M, up $24.279M (+17.3%) year-over-year, while diluted EPS fell to $0.01 from $0.04 a year ago. Operating income was roughly flat at $6.763M but net income declined to…
10-K · February 27, 2025
DoubleVerify positions itself as a leading AI-driven media effectiveness platform with a growing data asset: it measured approximately 8.3 trillion Media Transactions in 2024 (up from 7.0 trillion in 2023 and 5.5…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.