DV earnings analysis
What we found in DV's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Expectations
- Reported revenue of $180.8 million surpassed the consensus estimate of $179.9 million, showing a 10% growth year-over-year.
- Stable Gross Margin
- Gross margin remained high at 82%, consistent with previous quarters.
- Share Repurchase Program
- The company repurchased 7,270 shares at an average price of $10.32 in March 2026.
- Q2 Revenue Guidance Provided
- Management expects Q2 2026 revenues to be between $199 million and $205 million.
- Operating Profit Improvement
- Operating margin improved to 10.5% from 4.1% in Q1 2025, reflecting better cost management.
- Cash Flow Resilience
- Free cash flow remained positive at $31 million, demonstrating strong operational cash generation.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant EPS Miss
- EPS fell to $0.04, missing the estimated $0.17 by a wide margin.
- Dependence on Advertising Market
- Continued reliance on the advertising market poses risks amid potential market fluctuations.
- No Material Risk Factor Changes
- Management noted there were no changes to risk factors compared to the 2025 10-K.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.04
- Gross margin
- 82.0%
- Operating margin
- 10.5%
What they said about what is next.
Guidance for Q2 revenue growth set at approximately 7% at midpoint; full-year revenue guidance remains unchanged.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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